Summary
This 8-K filing from The Walt Disney Company (DIS) announces an amendment to the employment agreement for Senior Executive Vice President & Chief Communications Officer, Kristina K. Schake. The amendment extends her employment term by one year to June 29, 2026, and significantly increases her compensation package to reflect expanded responsibilities. Key changes include an increase in her annual base salary to $780,000 (effective April 9, 2023), a raise in her target annual bonus to 150% of base salary, and an increase in her target long-term equity incentive award to 350% of base salary. These adjustments signal the company's commitment to retaining key leadership and incentivizing performance in critical communication roles during a period of strategic focus for Disney.
Key Highlights
- 1Kristina K. Schake, Chief Communications Officer, receives an amended employment agreement.
- 2Employment term extended by one year, now through June 29, 2026.
- 3Annual base salary increased to $780,000, effective April 9, 2023.
- 4Target annual bonus increased to 150% of base salary.
- 5Target long-term equity incentive award increased to 350% of base salary.
- 6The amendment reflects an increase in Ms. Schake's responsibilities.