Target Announces Voting Results from 2017 Annual Meeting of Shareholders
June 15 2017 - 2:01PM
Business Wire
Target Corporation (NYSE:TGT) today announced voting results
from its 2017 Annual Meeting of Shareholders. Shareholders elected
12 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 “1 Year” as the
recommendation for the frequency of Say on Pay Votes and approved
the Target Corporation Executive Officer Cash Incentive Plan.
The Carideo Group, the independent Inspector of Elections, has
certified all voting results for the Annual Meeting, held on June
14, 2017. The final tabulation indicates that approximately 494
million shares were voted, representing 89.5 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 94.8 5.2 Douglas M. Baker, Jr. 86.0 14.0 Brian C.
Cornell 94.5 5.5 Calvin Darden 97.7 2.3 Henrique De Castro 98.3 1.7
Robert L. Edwards 99.1 0.9 Melanie L. Healy 98.4 1.6 Donald R.
Knauss 98.3 1.7 Monica C. Lozano 99.1 0.9 Mary E. Minnick 98.8 1.2
Derica W. Rice 99.0 1.0 Kenneth L. Salazar 98.8 1.2
2. Shareholders ratified the appointment of Ernst & Young
LLP as Target’s independent registered accounting firm for fiscal
2017:
Percent
For 96.3 Against 3.4 Abstain 0.3
3. Shareholders approved, on a non-binding advisory basis,
Target’s executive compensation (“Say on Pay”):
Percent
For 93.9 Against 6.1
4. Shareholders approved, on an advisory basis, a frequency of
“1 Year” as the recommendation for the frequency of Say on Pay
votes:
Percent
1 Year 88.7 2 Years 0.5 3 Years 10.8
5. Shareholders approved the Target Corporation Executive
Officer Cash Incentive Plan:
Percent
For 96.0 Against 3.2 Abstain 0.7
About Target
Minneapolis-based Target Corporation (NYSE: TGT) serves guests
at 1,807 stores and at Target.com. Since 1946, Target has given 5
percent of its profit to communities, which today equals millions
of dollars 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.
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Target CorporationInvestors:John Hulbert,
612-761-6627orMedia:Erin Conroy, 612-761-5928orTarget Media
Hotline, 612-696-3400
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