On January 19, 2021, The Walt Disney Company announced that it has filed a definitive proxy statement soliciting proxies and urged the shareholders to vote against a proposal from Mercy Investment Services, Inc. requesting the Company to preparation of a report, updated annually, disclosing: 1) Company policy and procedures governing lobbying, both direct and indirect, and grassroots lobbying communications. 2) payments by Disney used for (a) direct or indirect lobbying or (b) grassroots lobbying communications, in each case including the amount of the payment and the recipient. 3) description of management’s decision-making process and the Board’s oversight for making payments at the Company’s annual general meeting of shareholders scheduled to be held on March 9, 2021.