Walt Disney Co 8-K

What Happened
The Walt Disney Company (DIS) filed an 8-K on February 24, 2026, announcing it exercised its right to terminate Kristina K. Schake as Senior Executive Vice President and Chief Communications Officer without cause. The termination was announced on February 20, 2026 and is effective March 19, 2026. The filing states Ms. Schake will receive separation benefits under the terms of her previously disclosed employment agreement.

Key Details

• Company filed Form 8-K on February 24, 2026 reporting the personnel change.
• Termination decision communicated February 20, 2026; effective date March 19, 2026.
• Kristina K. Schake held the title Senior Executive Vice President and Chief Communications Officer.
• Separation benefits will be paid in accordance with her existing employment agreement (no dollar amounts disclosed in the filing).
• Press release attached as Exhibit 99.1 to the 8-K.

Why It Matters
A senior communications leadership change can affect Disney’s external messaging and investor relations strategy, especially around major corporate events or reputational matters. The company did not disclose financial terms beyond the reference to contractual separation benefits, and no other management or financial impacts were reported in the filing.