Summary by Futu AI
The Walt Disney Company responded to a comment from the Securities and Exchange Commission (SEC) regarding a press release filed on March 21, 2024. The SEC's Division of Corporation Finance and the Office of Mergers & Acquisitions had raised concerns about Disney's disclosure in the press release, which quoted Institutional Shareholder Services (ISS) as saying that Mr. Perlmutter's involvement in the company 'may cast a baleful shadow over the Board' if Peltz is elected. The SEC requested Disney to clarify ISS's views as expressed in their report. Disney acknowledged the comment and revised the press release on March 22, 2024, to remove the reference to ISS's statement and replaced the original press release with the revised version on all company-managed websites, ceasing any further distribution of the original press release.