Shareholders Re-Elect All 10 Directors at The Walt Disney Company Annual Meeting

Wed Mar 6, 2013 2:00pm EST

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PHOENIX, Ariz.--(Business Wire)--
Shareholders of The Walt Disney Company (NYSE:DIS) at the 2013 Annual Meeting
today elected all 10 members of the Board of Directors and supported Board
recommendations on the Company's auditor, its executive performance plan and the
advisory vote on executive compensation, based on preliminary results. 

Disney Chairman and Chief Executive Officer Robert A. Iger welcomed shareholders
to the meeting at The Orpheum Theatre in Phoenix and introduced independent Lead
Director Orin C. Smith, formerly President and Chief Executive Officer of
Starbucks Corporation, and the other members of the Board of Directors. Noting
Disney`s blockbuster creative and business accomplishments in 2012, Mr. Iger
said, "All of this success across so many of our businesses led to another
record financial performance for The Walt Disney Company. In Fiscal 2012, we
increased revenue by 3% to a record $42 billion, which led to a record $5.7
billion in net income, up 18% over the year before. And our earnings per share
were up 24%, setting a new record of $3.13." Disney`s market capitalization hit
a record $102 billion, Mr. Iger told shareholders. 

"We`re very excited about what`s ahead-especially with our recent acquisition of
Lucasfilm and Star Wars," Mr. Iger said. "Lucasfilm joins Disney, Pixar, Marvel,
ESPN and ABC in our unprecedented collection of amazing brands." 

Mr. Iger also released the first model image of Shanghai Disneyland, which is
scheduled to open at the end of 2015. 

Based on preliminary results, all Disney Directors were re-elected to the
Board:

* Susan E. Arnold 
* John S. Chen 
* Judith L. Estrin 
* Robert A. Iger 
* Fred H. Langhammer 
* Aylwin B. Lewis 
* Monica C. Lozano 
* Robert W. Matschullat 
* Sheryl Sandberg 
* Orin C. Smith

Shareholders ratified the appointment of PricewaterhouseCoopers LLP as the
Company's independent accountants for the fiscal year ending September 28, 2013,
and approved terms of the Amended and Restated 2002 Executive Performance Plan
and the advisory resolution on executive compensation. 

Shareholders agreed with the Board in rejecting two shareholder proposals,
regarding proxy access and the future separation of the Chairman and Chief
Executive Officer roles. 

Final voting tallies from this year`s annual meeting are subject to
certification by the Company's inspector of elections, and will be included in
the Company's report to be filed with the Securities and Exchange Commission
within the next week. 

About The Walt Disney Company

The Walt Disney Company, together with its subsidiaries and affiliates, is a
leading diversified international family entertainment and media enterprise with
five business segments: media networks, parks and resorts, studio entertainment,
consumer products and interactive media. Disney is a Dow 30 company and had
annual revenues of more than $42.3 billion in its Fiscal Year 2012. Disney's
market capitalization exceeds $100 billion. 

Forward Looking Statements

Certain statements in this press release may constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. These statements are made on the basis of our views and assumptions
regarding future events and business performance as of the time the statements
are made and we do not undertake any obligation to update these statements.
Actual events may differ materially from those expressed or implied. Such
differences may result from actions taken by the Company, as well as from
developments beyond the Company's control, including international, political,
health concern and military developments and changes in domestic and global
economic conditions that may affect our businesses generally. Additional factors
are set forth in the Company's Annual Report on Form 10-K for the year ended
September 29, 2012 under Item 1A "Risk Factors."

The Walt Disney Company
Zenia Mucha, 818-560-5300
David Jefferson, 818-560-4832 



Copyright Business Wire 2013

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