Disney Schedules April 3 Annual Meeting for Showdown With Peltz

Walt Disney Co. scheduled its next annual shareholder meeting for April 3, giving the company almost two months to convince investors that it is on track and doesn’t need activist investor Nelson Peltz on its board.

Peltz, the co-founder of Trian Partners, nominated himself as a Disney director in January after the board rejected his overtures. The billionaire is launching a proxy fight, trying to convince large shareholders that he has the experience to right the world’s largest entertainment company after Disney’s stock price floundered in recent years and its CEO was replaced.

Nelson Peltz

Photographer: Calla Kessler/Bloomberg

Disney’s former chief executive officer Bob ...