secwatch.observer — SEC 8-K summary
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Issuer:     Walt Disney Co (DIS)
CIK:        0001744489
Form:       8-K
Filed at:   2022-11-21T23:59:59+00:00
Accession:  0001744489-22-000200
Event type: leadership
Sentiment:  positive
Materiality: 0.85
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Disney reappoints Bob Iger as CEO, replacing Bob Chapek effective immediately
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- Robert A. Iger returns as CEO for a term ending Dec 31, 2024; also appointed to the Board.
- Bob Chapek terminated without cause; receives separation benefits per prior agreement.
- Iger's base salary is $1M; eligible for annual target bonus of 100% of base salary.
- Long-term incentive target of $25M per fiscal year: 60% PSUs with 2-year vest, 40% stock options vesting Dec 31, 2024.
- Iger to work with Board on succession; Chairman Susan Arnold remains unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1744489/000174448922000200/0001744489-22-000200-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1744489/000174448922000200/dis-20221120.htm
  HTML page:      https://secwatch.observer/filing/0001744489-22-000200

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