The Walt Disney Company Reports Kristina K. Schake Employment Agreement Amendment
Summary
On October 15, 2025, The Walt Disney Company amended the employment agreement for Kristina K. Schake, its Senior Executive Vice President and Chief Communications Officer. The amendment extends Ms. Schake's employment period to June 30, 2027, as detailed in Exhibit 10.1. Additionally, her annual base salary was increased to $875,000, effective October 15, 2025, while her target annual bonus and long-term equity incentive award values, as a percentage of base salary, remain unchanged.
Why It Matters
This amendment signals the company's commitment to retaining a key senior executive, extending her tenure and increasing her base compensation, which is material for leadership stability and executive incentive alignment.
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Key Quote
“The Amendment also increased Ms. Schake's annual base salary to $875,000, effective on October 15, 2025, with future increases at the Company's discretion.”
— From Item 5.02
Filing Details
Reported Items
Additional Information
- CIK Number
- 0001744489
- Filing Date
- Thursday, October 16, 2025
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- positive