Walmart Announces 2015 Annual Shareholders’ Meeting Voting Results

FAYETTEVILLE, Ark.--()--Wal-Mart Stores, Inc. (NYSE: WMT) today announced shareholder voting results for its Annual Shareholders’ Meeting held June 5. Approximately 93 percent of all outstanding shares were present or represented by proxy at the meeting, the highest total since 2008.

The company reported that shareholders approved the election of each of Walmart’s 15 director nominees. Each director nominee received affirmative votes from approximately 92.79 percent or more of the shares voted, excluding abstentions and broker non-votes, as follows (all percentages are rounded to the nearest 1/100 of 1 percent):

 
Director Nominee       For       Against
Aida M. Alvarez 95.48% 4.51%
James I. Cash, Jr. 94.47% 5.52%
Roger C. Corbett 98.06% 1.93%
Pamela J. Craig 95.54% 4.45%
Michael T. Duke 92.79% 7.20%
Timothy P. Flynn 97.11% 2.88%
Thomas W. Horton 97.25% 2.74%
Marissa A. Mayer 98.09% 1.90%
C. Douglas McMillon 98.11% 1.88%
Gregory B. Penner 98.02% 1.97%
Steven S Reinemund 98.06% 1.93%
Kevin Y. Systrom 98.17% 1.82%
Jim C. Walton 98.06% 1.93%
S. Robson Walton 95.06% 4.93%
Linda S. Wolf 99.13% 0.86%
 

Shareholders also ratified Ernst & Young LLP as Walmart’s independent accountants, with affirmative votes from approximately 99.51 percent of the shares that were present in person or represented by proxy at the meeting and entitled to vote.

Shareholders voted to approve, on an advisory basis, the compensation of Walmart’s named executive officers described in Walmart’s 2015 proxy statement, with approximately 95.97 percent of the shares present in person or represented by proxy voting in favor of this proposal. The Board of Directors had recommended a vote for this proposal.

Shareholders also voted to approve Walmart’s amended and restated stock incentive plan, with approximately 98.75 percent of the shares present in person or represented by proxy voting in favor of this proposal. The Board of Directors had recommended a vote for this proposal.

The five shareholder proposals, which the Board of Directors recommended against, failed to receive affirmative votes from a majority of the total shares that were represented at the meeting and entitled to vote and, accordingly, they were defeated. A report on the approximate percentages of the shares present or represented by proxy at the meeting that were voted in favor of each shareholder proposal follows:

  • Proposal 5 – Request for annual report on recoupment of executive pay: approximately 15.52 percent of the shares that were present or represented by proxy at the meeting and entitled to vote.
  • Proposal 6 – Proxy access for shareholders: approximately 17.18 percent of the shares that were present or represented by proxy at the meeting and entitled to vote.
  • Proposal 7 – Report on greenhouse gas emissions from international marine shipping: approximately 1.62 percent of the shares that were present or represented by proxy at the meeting and entitled to vote.
  • Proposal 8 – Request for annual report regarding incentive compensation plans: approximately 8.79 percent of the shares that were present or represented by proxy at the meeting and entitled to vote.
  • Proposal 9 – Independent chairman policy: approximately 16.13 percent of the shares that were present or represented by proxy at the meeting and entitled to vote.

The official voting results for each of these proposals will be disclosed in a report to be filed no later than June 10 with the Securities and Exchange Commission.

About Walmart

Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world save money and live better - anytime and anywhere - in retail stores, online, and through their mobile devices. Each week, nearly 260 million customers and members visit our 11,489 stores under 65 banners in 28 countries and e-commerce websites in 11 countries. With fiscal year 2015 revenue of $485.7 billion, Walmart employs approximately 2.2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting http://corporate.walmart.com on Facebook at http://facebook.com/walmart and on Twitter at http://twitter.com/walmart.

Contacts

Wal-Mart Stores, Inc.
Media Relations:
Randy Hargrove, 800-331-0085
or
Investor Relations:
Carol Schumacher, 479-277-1498

Release Summary

Approximately 93 percent of all outstanding shares were present or represented by proxy at the meeting, the highest total since 2008.

Contacts

Wal-Mart Stores, Inc.
Media Relations:
Randy Hargrove, 800-331-0085
or
Investor Relations:
Carol Schumacher, 479-277-1498