# EDGAR Filing Document

**Accession Number:** 0001744489
**File Stem:** 0000000000-23-001194
**Filing Date:** 2023-2
**Character Count:** 6905
**Document Hash:** 51afb0c14b6bef0a9362fb8be7e15997
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-23-001194.hdr.sgml**: 20230519

**ACCESSION NUMBER**: 0000000000-23-001194

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230206

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Walt Disney Co
- **CENTRAL INDEX KEY:** 0001744489
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990]
- **IRS NUMBER:** 830940635
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** UPLOAD

**BUSINESS ADDRESS:**
- **STREET 1:** 500 SOUTH BUENA VISTA STREET
- **CITY:** BURBANK
- **STATE:** CA
- **ZIP:** 91521
- **BUSINESS PHONE:** (818) 560-1000

**MAIL ADDRESS:**
- **STREET 1:** 500 SOUTH BUENA VISTA STREET
- **CITY:** BURBANK
- **STATE:** CA
- **ZIP:** 91521

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TWDC Holdco 613 Corp.
- **DATE OF NAME CHANGE:** 20180702

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TWDC Holdco 613 Corp
- **DATE OF NAME CHANGE:** 20180622
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001193125-23-008942

## Text-Extract

```

United States securities and exchange commission logo

                               February 6, 2023

       Horacio E. Gutierrez, Esq.
       Senior Vice President, General Counsel and Secretary
       Walt Disney Company
       500 South Buena Vista Street
       Burbank, CA 91521

                                                        Re: Walt Disney Co
                                                            DEFA14A filed
February 2, 2023
                                                            SEC File No.
1-38842

       Dear Horacio E. Gutierrez:

              We have reviewed your filing and have the following comment. In
our comment, we may
       ask you to provide us with information so we may better understand your
disclosure.

               Please respond to this comment by providing the requested
information or advise us as
       soon as possible when you will respond. If you do not believe our
comment applies to your facts
       and circumstances, please tell us why in your response.

                                                        After reviewing your
response to this comment, we may have additional comments.

       DEFA14A filed February 2, 2023

       Press Release dated February 2, 2023, page 1

   1.                                                   Disney's press release
dated February 2, 2023 contains the following statement: "The
                                                        Disney Board of
Directors does not endorse Nelson Peltz (or his son Matthew, who is
                                                        running as an alternate
Mr. Peltz may swap in) as a nominee..." (emphasis added). As
                                                        Disney's letter to
shareholders of the same date recognizes, Trian's proxy statement
                                                        contains qualifying
language, consistent with the scope of discretionary authority
                                                        under Rule 14a-4(c)(5),
regarding the circumstances under which Matthew would be
                                                        substituted for Nelson
Peltz: "if he is unable to serve or for good cause will not serve." In
                                                        future soliciting
materials referencing Trian's alternate nominee Matthew Peltz, include
                                                        the qualifying language
concerning the circumstances for the substitution that you have
                                                        included in the
February 2, 2023 letter to shareholders. Please confirm your
                                                        understanding in a
response letter.
               We remind you that the filing persons are responsible for the
accuracy and adequacy of
       their disclosures, notwithstanding any review, comments, action or
absence of action by the staff.
 Horacio E. Gutierrez, Esq.
Walt Disney Company
February 6, 2023
Page 2

         Please direct any questions to Christina Chalk at (202) 551-3263.

FirstName LastNameHoracio E. Gutierrez, Esq.                 Sincerely,
Comapany NameWalt Disney Company
                                                             Division of
Corporation Finance
February 6, 2023 Page 2                                      Office of Mergers
& Acquisitions
FirstName LastName

```

### Attached PDF Documents

**Attachment 1:** `filename1`

![img-0.jpeg](img-0.jpeg)

CORPORATION FINANCE

# UNITED STATES  
SECURITIES AND EXCHANGE COMMISSION  
WASHINGTON, D.C. 20549

February 6, 2023

Horacio E. Gutierrez, Esq.  
Senior Vice President, General Counsel and Secretary  
Walt Disney Company  
500 South Buena Vista Street  
Burbank, CA 91521

**Re: Walt Disney Co**  
**DEFA14A filed February 2, 2023**  
**SEC File No. 1-38842**

Dear Horacio E. Gutierrez:

We have reviewed your filing and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure.

Please respond to this comment by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response.

After reviewing your response to this comment, we may have additional comments.

DEFA14A filed February 2, 2023

Press Release dated February 2, 2023, page 1

1. Disney's press release dated February 2, 2023 contains the following statement: 'The Disney Board of Directors does not endorse Nelson Peltz (or his son Matthew, who is running as an alternate Mr. Peltz may *swap in*) as a nominee...' (emphasis added). As Disney's letter to shareholders of the same date recognizes, Trian's proxy statement contains qualifying language, consistent with the scope of discretionary authority under Rule 14a-4(c)(5), regarding the circumstances under which Matthew would be substituted for Nelson Peltz: 'if he is unable to serve or for good cause will not serve.' In future soliciting materials referencing Trian's alternate nominee Matthew Peltz, include the qualifying language concerning the circumstances for the substitution that you have included in the February 2, 2023 letter to shareholders. Please confirm your understanding in a response letter.

We remind you that the filing persons are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.

Horacio E. Gutierrez, Esq.
Walt Disney Company
February 6, 2023
Page 2

Please direct any questions to Christina Chalk at (202) 551-3263.

Sincerely,

Division of Corporation Finance
Office of Mergers & Acquisitions