MINNEAPOLIS--(BUSINESS WIRE)--Target Corporation (NYSE:TGT) today announced voting results from its 2015 Annual Meeting of Shareholders. Shareholders elected 10 members of the board of directors, ratified the appointment of Target’s independent registered public accounting firm, approved the “Say on Pay” management proposal, approved the Amended and Restated Target Corporation 2011 Long-Term Incentive Plan and rejected two shareholder proposals.
The Carideo Group, the independent Inspector of Elections, has certified all voting results for the Annual Meeting, held June 10. The final tabulation indicates that approximately 581 million shares were voted, representing 90.9 percent of outstanding shares.
The final tabulation of votes for each proposal is as follows:
1. Shareholders elected each of the following board nominees for a one-year term by a majority of the votes cast:
|
Nominee |
Percent For |
Percent Against |
||||
| Roxanne S. Austin | 95.7 | 4.3 | ||||
| Douglas M. Baker, Jr. | 96.5 | 3.5 | ||||
| Brian C. Cornell | 96.7 | 3.3 | ||||
| Calvin Darden | 97.7 | 2.3 | ||||
| Henrique De Castro | 98.7 | 1.3 | ||||
| Mary E. Minnick | 98.8 | 1.2 | ||||
| Anne M. Mulcahy | 94.0 | 6.0 | ||||
| Derica W. Rice | 99.2 | 0.8 | ||||
| Kenneth L. Salazar | 98.3 | 1.7 | ||||
| John G. Stumpf | 96.3 | 3.7 | ||||
2. Shareholders ratified the appointment of Ernst & Young LLP as Target’s independent registered accounting firm for fiscal 2015:
|
Percent |
|||
| For | 98.5 | ||
| Against | 1.0 | ||
| Abstain | 0.5 | ||
3. Shareholders approved, on a non-binding advisory basis, Target’s executive compensation (“Say-on-Pay”):
|
Percent |
|||
| For | 96.6 | ||
| Against | 3.4 | ||
4. Shareholders approved the Amended and Restated Target Corporation 2011 Long-Term Incentive Plan:
|
Percent |
|||
| For | 95.2 | ||
| Against | 4.0 | ||
| Abstain | 0.8 | ||
5. Shareholders did not approve a non-binding shareholder proposal to adopt a policy for an independent chairman:
|
Percent |
|||
| For | 37.7 | ||
| Against | 61.5 | ||
| Abstain | 0.9 | ||
6. Shareholders did not approve a shareholder proposal to adopt a policy prohibiting discrimination “against” or “for” persons:
|
Percent |
|||
| For | 2.9 | ||
| Against | 82.4 | ||
| Abstain | 14.7 | ||
About Target
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,795 stores and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, that giving equals more than $4 million a week. For more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit Target.com/abullseyeview or follow @TargetNews on Twitter.
