On April 3, 2024, Trian Fund Management, L.P. commented on the preliminary results from The Walt Disney Company?s 2024 annual meeting of shareholders, which indicated that Nelson Peltz and Jay Rasulo were not elected to Disney?s Board of Directors. Trian Fund Management stated that while it is disappointed with the outcome of this proxy contest, Trian Fund Management appreciates all of the support and dialogue it has had with the Company stakeholders. Trian Fund Management also stated that it wishes the best for all of the Company?s stakeholders, including the Company?s Board and management team.

Trian Fund Management added that it would be watching the Company?s performance and be focusing on its continued success.