On June 26, 2014, the Board of Directors of The Walt Disney Company adopted an amendment to Article II, Section 3 of the Amended and Restated Bylaws of the Company to set forth procedures relating to the calling of a special shareholders meeting at the request of shareholders meeting the requirement to have held Net Long Shares (as defined in the Bylaws) representing at least 25% of the outstanding shares of the Company’s common stock for at least one year. The amendments set forth requirements as to the form of a request for a meeting; the information required to be furnished by shareholders in connection with a request; requirements relating to the timing of a request; the means of withdrawing a request; the date a meeting is to be held pursuant to a request; and the appropriate scope of business at any meeting held pursuant to a reques
