Chapek had succeeded Iger as CEO in February 2020 and had been given a three-year contract extension this past summer.
Fourth quarter revenue and operating income were below financial analysts' expectations.
Disney CEO Bob Chapek said recent theme park successes reflect more than just "pent-up demand."
Disney now has a stated goal "for this law to be repealed by the legislature or struck down in the courts."
UPDATED: Disney CEO now publicly opposes ‘Don’t Say Gay’ bill; LGBTQ+ rights group places conditions on taking $5M Disney donation
Bob Chapek is now willing to publicly condemn the bill saying its neutral approach "didn’t get the job done."
Bob Chapek's memo addressing criticism of the company's silence on the bill drew only more criticism.
Holiday parades and fireworks return to the Disneyland Resort on Nov. 12.