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The Walt Disney Company logoThe Walt Disney Company DIS

The company said it entered into an amendment to the employment agreement with Kristina K. Schake, its Senior Executive Vice President and Chief Communications Officer, on October 15, 2025.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said it entered into an amendment to the employment agreement with Kristina K. Schake, its Senior Executive Vice President and Chief Communications Officer, on October 15, 2025.

  2. Under the amendment, the company said it extended the term of Ms. Schake's employment agreement to June 30, 2027.

  3. The company said the amendment raised Ms. Schake's annual base salary to $875,000, effective on October 15, 2025. It said any further increases are at the company's discretion.

  4. The company said Ms. Schake's target annual bonus opportunity and target long-term equity incentive annual award value, each as a percentage of her base salary, were unchanged. It said the amendment is the third amendment to her employment agreement, dated June 29, 2022.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Entered Employment Agreement Amendment

The company said it entered into an amendment to the employment agreement with Kristina K. Schake, its Senior Executive Vice President and Chief Communications Officer, on October 15, 2025.

Source · Based on the filing body and exhibits

Employment Term Extended

Under the amendment, the company said it extended the term of Ms. Schake's employment agreement to June 30, 2027.

Source · Based on the filing body and exhibits

Annual Base Salary Increased

The company said the amendment raised Ms. Schake's annual base salary to $875,000, effective on October 15, 2025. It said any further increases are at the company's discretion.

Source · Based on the filing body and exhibits

Target Bonus and Equity Award Ratios Unchanged

The company said Ms. Schake's target annual bonus opportunity and target long-term equity incentive annual award value, each as a percentage of her base salary, were unchanged. It said the amendment is the third amendment to her employment agreement, dated June 29, 2022.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.