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The Walt Disney Company
10/01/2025 | Press release | Distributed by Public on 10/01/2025 14:21
Management Change/Compensation (Form 8-K)
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 27, 2025, The Walt Disney Company (the "Company") and Sonia L. Coleman, the Company's Senior Executive Vice President and Chief Human Resources Officer, entered into an amendment (the "Amendment") to Ms. Coleman's employment agreement.
Pursuant to the Amendment, the term of Ms. Coleman's employment agreement was extended to June 30, 2028, and Ms. Coleman's title was changed to Senior Executive Vice President and Chief People Officer. The Amendment also increased Ms. Coleman's annual base salary to $1,000,000, effective on September 27, 2025, with future increases at the Company's discretion; increased her target annual bonus opportunity to 175% of her base salary, commencing with respect to the Company's fiscal year 2025; and increased her target long-term equity incentive annual award value to 375% of her base salary, commencing with the Company's fiscal year 2026.
A copy of the Amendment is attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.
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