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Disney | 11-K: Annual report of employee stock purchase, savings and similar plans (and amendment thereto)

SEC announcement ·  Jun 21 05:07
Summary by Futu AI
The Walt Disney Company, known as Disney, filed its Form 11-K with the United States Securities and Exchange Commission, reporting on the annual performance of the Disney Savings and Investment Plan for the fiscal year ended December 31, 2023. The report, audited by Moss Adams LLP, indicates that the Plan's net assets available for benefits increased to $11.1 billion, up from $9.6 billion the previous year. The Plan experienced a net investment income of $1.6 billion and received contributions totaling $686,113 thousand. The Plan also absorbed assets from the BAMTech Plan merger, amounting to $5.7 million. The Plan offers various investment options, including Disney Stock Funds, and allows for participant loans. Disney's stock funds are valued at over $1 billion, and the Plan's investments are...Show More
The Walt Disney Company, known as Disney, filed its Form 11-K with the United States Securities and Exchange Commission, reporting on the annual performance of the Disney Savings and Investment Plan for the fiscal year ended December 31, 2023. The report, audited by Moss Adams LLP, indicates that the Plan's net assets available for benefits increased to $11.1 billion, up from $9.6 billion the previous year. The Plan experienced a net investment income of $1.6 billion and received contributions totaling $686,113 thousand. The Plan also absorbed assets from the BAMTech Plan merger, amounting to $5.7 million. The Plan offers various investment options, including Disney Stock Funds, and allows for participant loans. Disney's stock funds are valued at over $1 billion, and the Plan's investments are part of the larger Disney Savings Plan Master Trust. The report confirms that the Plan is in compliance with the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code, and it is exempt from income taxes. The Plan is subject to routine audits by the IRS, with no current audits in progress.

This announcement is a separate document:

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