Summary
This 8-K filing from The Walt Disney Company (DIS) on October 16, 2025, primarily concerns an amendment to the employment agreement of Kristina K. Schake, Senior Executive Vice President and Chief Communications Officer. Investors should note the extension of her employment term to June 30, 2027, and an increase in her annual base salary to $875,000, effective immediately. While her base salary has been enhanced, her target annual bonus and long-term equity incentive award percentages remain unchanged.
Key Highlights
- 1Employment agreement for Kristina K. Schake extended through June 30, 2027.
- 2Annual base salary for Ms. Schake increased to $875,000, effective October 15, 2025.
- 3Future salary increases are at the Company's discretion.
- 4Target annual bonus opportunity as a percentage of base salary remains unchanged.
- 5Target long-term equity incentive award value as a percentage of base salary remains unchanged.
- 6The amendment is effective as of October 15, 2025.
- 7Details of the amendment are provided via an exhibit to the filing.