Disney introduced the date of its annual shareholders assembly this yr — and issued a letter to traders urging them to reject board nominees put forth by activist traders.

The Mouse Home’s 2024 annual assembly of shareholders will probably be held on April 3, 2024, and all shareholders of file as of the shut of enterprise on Feb. 5 are entitled to vote on the assembly.

Within the message to shareholders, the corporate mentioned, “The Disney Board of Administrators doesn’t endorse the Trian Group nominees, Nelson Peltz and Jay Rasulo, or the Blackwells nominees, Craig Hatkoff, Jessica Schell and Leah Solivan, and believes that they don’t possess the suitable vary of expertise, ability, perspective and/or experience to successfully help the Board’s ongoing efforts to drive worthwhile progress and shareholder worth creation within the face of constant, industry-wide challenges.”

Disney’s board of administrators “urges shareholders to guard their funding and the way forward for the corporate” by voting for less than the Disney-picked 12 nominees, the corporate mentioned.

The corporate continued, “Disney has the best technique to drive worthwhile progress and worth creation for shareholders and has made substantial progress towards our aims to make our enterprise extra environment friendly and efficient, together with a sharpened deal with our biggest model and franchise property, a continued dedication to reducing prices and a reinstatement of the dividend. The Firm, its administration and the Board stay centered on this constructing plan, which is able to place our streaming companies for sustained progress and profitability, reinvigorate the Firm’s movie studios, fortify ESPN for the long run and turbocharge progress in Disney’s Experiences enterprise.”

Extra to come back.