On January 3, 2024, The Walt Disney Company announced that Blackwells Capital LLC, together with its affiliates has provided notice of its intent to nominate three individuals for election to the Company?s Board of Directors at the 2024 Annual Meeting of Shareholders. The Company stated that it has an experienced, diverse Board that is focused on the long-term performance of the Company, strategic growth initiatives including the ongoing transformation of its businesses, the succession planning process, and increasing shareholder value and stated that the Governance and Nominating Committee, which evaluates director nominations, will review the proposed Blackwells nominees and provide a recommendation to the Board as part of its governance process. The Company expects to file preliminary materials with respect to the 2024 Annual Meeting of Shareholders with the Securities and Exchange Commission, which will include the Board?s recommended slate of director nominees.