01—Abstract
Summary
Summary of the 8-K filed October 16, 2025. Cited figures are marked; the original filing is the authoritative source.
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,a effective immediately. While her base salary has been enhanced, her target annual bonus and long-term equity incentive award percentages remain unchanged.
02—Key points
Key Highlights
- Employment agreement for Kristina K. Schake extended through June 30, 2027.
- Annual base salary for Ms. Schake increased to $875,000, effective October 15, 2025.
- Future salary increases are at the Company's discretion.
- Target annual bonus opportunity as a percentage of base salary remains unchanged.
- Target long-term equity incentive award value as a percentage of base salary remains unchanged.
- The amendment is effective as of October 15, 2025.
- Details of the amendment are provided via an exhibit to the filing.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing?
The main purpose of this filing is to announce an amendment to the employment agreement of Kristina K. Schake, the Company's Senior Executive Vice President and Chief Communications Officer, specifically regarding the extension of her employment term and an increase in her base salary.
How does the amendment affect Ms. Schake's compensation?
Ms. Schake's annual base salary has been increased to $875,000. Her target annual bonus opportunity and target long-term equity incentive award, both expressed as a percentage of base salary, remain the same.
What is the new duration of Ms. Schake's employment agreement?
The amendment extends Ms. Schake's employment agreement through June 30, 2027.
Are there any other significant changes to Ms. Schake's compensation structure?
No, apart from the base salary increase and the extension of the employment term, her target bonus and equity incentive percentages relative to her base salary are unchanged.
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