The FINANCIAL -- Shareholders of The Walt Disney Company (NYSE:DIS) at the 2010 Annual Meeting on March 10 elected 13 members of the Board of Directors and supported Board recommendations on the Company's auditor, its stock incentive plan and amendments to its Restated Certificate of Incorporation, based on preliminary results.

Shareholders also agreed with the board in rejecting two shareholder proposals.

Disney Chairman John E. Pepper Jr. welcomed shareholders to the meeting at the JW Marriott San Antonio Hill Country and introduced members of the Board of Directors. He noted that last year was an extremely tough one for the global economy, adding that Disney's management team "has done an excellent job of steering through" the challenges.

"Last year was more a period of adaptation than growth, but it also re-affirmed the importance of investing aggressively for the future in high-quality original branded entertainment and experiences," Disney President and CEO Robert A. Iger told shareholders. "Ultimately, that's the best way to assure Disney's prosperity and, with that in mind, we've committed our capital and creative resources to some very exciting projects at our movie studios, our media networks and at our parks and resorts."

Mr. Iger said that the recent acquisition of Marvel Entertainment will provide Disney "new opportunities to create great content" and that a big step was taken towards future growth when the Company received a go-ahead from China's government to develop a new theme park in Shanghai. He also announced that the next D23 Expo, where Disney fans gather to get an inside look at technology and projects, mingle with talent and enjoy exclusive screenings and events, will take place in Anaheim, Ca., August 19-21, 2011.

Based on preliminary results, the following directors were re-elected to the Board, while Facebook Chief Operating Officer Sheryl Sandberg was elected for the first time:

Susan Arnold
John E. Bryson
John S. Chen
Judith L. Estrin
Robert A. Iger
Steven P. Jobs
Fred H. Langhammer
Aylwin B. Lewis
Monica C. Lozano
Robert W. Matschullat
John E. Pepper Jr.
Orin C. Smith

Shareholders also ratified the appointment of PricewaterhouseCoopers LLP as the Company's independent accountants for the fiscal year ending October 2, 2010, approved an amendment to the Amended and Restated 2005 Stock Incentive Plan increasing the number of shares authorized to be issued under the plan and approved four amendments to the Company's Restated Certificate of Incorporation.

Shareholders rejected two shareholder proposals, one seeking specific reference to "ex-gays" in its employment policies and one seeking to institute shareholder advisory votes on executive compensation.

Final voting tallies are subject to certification by the Company's inspector of elections, and will be included in the Company's report to be filed with the Securities and Exchange Commission by early next week.

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