On January 31, 2023, The Walt Disney Company filed a preliminary proxy statement soliciting proxies and urged the shareholders to vote against a shareholder proposal, requesting that the Company annually analyze and report, at reasonable expense, the congruence of its political and electioneering expenditures during the preceding year against its publicly stated Company values and policies, listing and explaining instances of incongruent expenditures, and stating whether the identified incongruencies have or will lead to a change in future expenditures or contributions, submitted by The Educational Foundation of America at the Company's annual shareholders meeting.