MINNEAPOLIS, June 13, 2019 /PRNewswire/ -- Target
Corporation (NYSE:TGT) today announced voting results from its 2019
Annual Meeting of Shareholders. Shareholders elected 13 members of
the board of directors, ratified the appointment of Target's
independent registered public accounting firm, approved the "Say on
Pay" management proposal and rejected one shareholder proposal.
The Carideo Group, the independent Inspector of Elections, has
certified all voting results for the Annual Meeting, held on
June 12, 2019. The final tabulation
indicates that approximately 462,529,440 million shares were voted,
representing 89.7 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
|
95.1
|
4.9
|
Douglas M. Baker,
Jr.
|
98.2
|
1.8
|
George S.
Barrett
|
99.6
|
0.4
|
Brian C.
Cornell
|
94.6
|
5.4
|
Calvin
Darden
|
97.6
|
2.4
|
Henrique De
Castro
|
99.6
|
0.4
|
Robert L.
Edwards
|
99.5
|
0.5
|
Melanie L.
Healey
|
98.6
|
1.4
|
Donald R.
Knauss
|
99.7
|
0.3
|
Monica C.
Lozano
|
99.6
|
0.4
|
Mary E.
Minnick
|
96.1
|
3.9
|
Kenneth L.
Salazar
|
98.9
|
1.1
|
Dmitri L.
Stockton
|
98.6
|
1.4
|
2. Shareholders ratified the appointment of Ernst & Young
LLP as Target's independent registered accounting firm for fiscal
2019:
|
Percent
|
For
|
93.7
|
Against
|
6.0
|
Abstain
|
0.3
|
3. Shareholders approved, on a non-binding advisory basis,
Target's executive compensation ("Say on Pay"):
|
Percent
|
For
|
94.8
|
Against
|
5.2
|
4. Shareholders did not approve a non-binding shareholder
proposal to amend the proxy access bylaw to remove its candidate
resubmission threshold:
|
Percent
|
For
|
35.4
|
Against
|
63.5
|
Abstain
|
1.1
|
For purposes of determining the level of support needed for a
shareholder to be eligible to resubmit a shareholder proposal in a
following year the U.S. Securities and Exchange Commission uses a
simple majority standard. Under that simple majority standard Item
4 received support of 35.8%.
About Target
Minneapolis-based Target
Corporation (NYSE: TGT) serves guests at more than 1,800 stores and
at Target.com. Since 1946, Target has given 5% of its profit to
communities, which today equals millions of dollars a week. For the
latest store count or 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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SOURCE Target Corporation