secwatch.observer — SEC 8-K summary
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Issuer:     Walt Disney Co (DIS)
CIK:        0001744489
Form:       8-K
Filed at:   2023-11-06T23:59:59+00:00
Accession:  0001744489-23-000209
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Disney appoints Hugh Johnston as Senior EVP and CFO, effective Dec 4, 2023
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- Hugh Johnston named Senior EVP & CFO, replacing interim CFO Kevin Lansberry who returns to Disney Experiences segment.
- Johnston joins from PepsiCo where he was Vice Chairman and CFO for over a decade.
- Base salary of $2M, target annual bonus of 200% of base, and long-term incentive target of 575% of base.
- One-time signing bonus of $3M (subject to repayment if terminated within one year) and one-time LTI stock unit award of $14M target.
- Johnston will lead worldwide finance organization and report directly to CEO Bob Iger.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1744489/000174448923000209/0001744489-23-000209-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1744489/000174448923000209/dis-20231102.htm
  HTML page:      https://secwatch.observer/filing/0001744489-23-000209

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