UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported):

March 10, 2010

 

 

The Walt Disney Company

(Exact name of registrant as specified in its charter)

 

 

Delaware

(State or other jurisdiction of incorporation)

1-11605		95-4545390
(Commission File Number)		(IRS Employer Identification No.)
500 South Buena Vista Street Burbank, California		91521
(Address of principal executive offices)		(Zip Code)

(818) 560-1000

(Registrant’s telephone number, including area code)

Not applicable

(Former name or address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

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Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers

(e) On March 10, 2010, the shareholders of the Registrant approved amendments to the Registrant’s Amended and Restated 2005 Stock Incentive Plan (the “2005 Plan”) at the Registrant’s annual meeting of shareholders. The amendment increased the number of shares authorized under the plan from 136,000,000 to 178,000,000 shares. The 2005 Plan as amended to reflect this amendment is filed as Exhibit 10.1 to this report and the terms thereof are incorporated herein by reference.

 

Item 5.03

Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

(a) On March 10, 2010, the shareholders of the Registrant approved amendments to the Registrant’s Restated Certificate of Incorporation at the Registrant’s annual meeting of shareholders and the amendments became effective the following day upon filing of the Restated Certificate of Incorporation as amended with the Delaware Secretary of State. The amendments to the Restated Certificate of Incorporation are described in the proxy statement dated January 22, 2010, for the Registrant’s annual meeting in the section entitled “Approval of Amendments to the Restated Certificate of Incorporation,” which is incorporated herein by reference. The Restated Certificate of Incorporation, as amended, is filed as Exhibit 3.1 to this report and the terms thereof are incorporated herein by reference.

Immediately following the annual meeting of shareholders, the Board of Directors of the Registrant adopted an amendment to the Bylaws of the Company to conform Article IX, Section 1 of the Bylaws relating to amendment of the Bylaws by shareholder vote to the amended provisions of the Restated Certificate of Incorporation by changing the vote required for amendment of the Bylaws by shareholder vote from a 66 ²/3% of the outstanding capital stock to a majority of the outstanding capital stock. The Bylaws of the Registrant, as amended, are filed as Exhibit 3.2 to this report and the terms thereof are incorporated herein by reference.

 

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Item 5.07

Submission of Matters to a Vote of Security Holders

The final results of voting on each of the matters submitted to a vote of security holders during the Registrant’s annual meeting of shareholders on March 10, 2010 are as follows.

 

				For		Against		Abstentions		Broker Non-Votes
1.		Election of Directors:
		Susan E. Arnold		1,340,324,243		75,179,131		3,238,005		219,774,269
		John E. Bryson		1,404,021,376		11,259,246		3,460,757		219,774,269
		John S. Chen		1,330,006,907		85,163,654		3,570,818		219,774,269
		Judith L. Estrin		1,392,803,481		22,690,467		3,247,431		219,774,269
		Robert A. Iger		1,408,815,238		7,246,803		2,679,338		219,774,269
		Steven P. Jobs		1,381,191,524		34,993,226		2,556,629		219,774,269
		Fred H. Langhammer		1,278,190,514		125,782,619		14,768,246		219,774,269
		Aylwin B. Lewis		1,341,416,611		73,772,686		3,552,082		219,774,269
		Monica C. Lozano		1,403,608,148		11,763,352		3,369,879		219,774,269
		Robert W. Matschullat		1,408,019,569		7,255,134		3,466,676		219,774,269
		John E. Pepper, Jr.		1,337,470,024		77,903,677		3,367,678		219,774,269
		Sheryl Sandberg		1,406,260,656		9,154,282		3,326,441		219,774,269
		Orin C. Smith		1,347,055,303		68,250,480		3,435,596		219,774,269
		Under the Registrant’s Bylaws, each of the directors was elected, having received more votes “for” than “against.”
				For		Against		Abstentions
2.		Ratification of PricewaterhouseCoopers LLP as registered public accountants		1,619,037,325		14,799,519		4,678,813
		Under the Registrant’s Bylaws, the selection of PricewaterhouseCoopers was ratified, having received “for” votes from more than a majority of shares cast for, against or abstain.
				For		Against		Abstentions		Broker Non-Votes
3.		Approval of amendments to the Amended and Restated 2005 Stock Incentive Plan		874,671,768		538,557,403		5,505,912		219,780,565
		Under the Registrant’s Bylaws, the amendment to the plan was approved, having received “for” votes from more than a majority of shares cast for, against or abstain.
				For		Against		Abstentions
4.		Approval of amendments to the Restated Certificate of Incorporation relating to interested person transactions		1,602,785,521		29,002,915		6,727,212
		Under the Registrant’s Restated Certificate of Incorporation, the amendment was approved, having received “for” votes from more than four-fifths of the shares outstanding.
5.		Approval of amendments to the Restated Certificate of Incorporation relating to bylaw amendments		1,612,110,656		19,751,086		6,653,906
		Under the Registrant’s Restated Certificate of Incorporation, the amendment was approved, having received “for” votes from more than two-thirds of the shares outstanding.
6.		Approval of amendments to the Restated Certificate of Incorporation relating to tracking stock provisions		1,617,976,268		14,157,049		6,382,331
		Under the Registrant’s Restated Certificate of Incorporation, the amendment was approved, having received “for” votes from more than a majority of the shares outstanding.
7.		Approval of amendments to the Restated Certificate of Incorporation relating to classified board transition provisions		1,615,593,595		16,021,679		6,900,374
		Under the Registrant’s Restated Certificate of Incorporation, the amendment was approved, having received “for” votes from more than a majority of the shares outstanding.
				For		Against		Abstentions		Broker Non-Votes
8.		Shareholder proposal relating to shareholder advisory vote on executive compensation		673,418,022		638,025,485		107,291,445		219,780,696
		Under the Registrant’s Bylaws, the proposal failed, having received “for” votes from less than a majority of shares cast for, against or abstain.
9.		Shareholder proposal relating to ex-gay non-discrimination policy		25,812,318		1,179,667,468		213,255,166		219,780,696
		Under the Registrant’s Bylaws, the proposal failed, having received “for” votes from less than a majority of shares cast for, against or abstain.

 

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Item 9.01

Financial Statements and Exhibits.

(c) Exhibits

 

3.1

Restated Certificate of Incorporation of the Registrant

 

3.2

Bylaws of the Registrant

 

10.1

Amended and Restated 2005 Stock Incentive Plan

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: March 16, 2010

 

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