Item 5.07. Submission of Matters to a Vote of Security Holders
On June 3, 2020, Walmart Inc. (the “Company”) held its Annual Shareholders’ Meeting (the “Meeting”). As of the close of business on April 9, 2020, the record date for the Meeting, there were 2,833,701,902 shares of the Company’s common stock outstanding, with each share entitled to one vote. The holders of 2,598,667,821 shares of the Company’s common stock were present in person or represented by proxy during the Meeting. During the Meeting, the Company’s shareholders voted on the matters set forth below.
Election of Directors
The Company’s shareholders elected for one-year terms all eleven persons nominated for election as directors as set forth in the Company’s proxy statement dated April 23, 2020. The following table sets forth the vote of the shareholders at the meeting with respect to the election of directors:
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Nominee
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For
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Against
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Abstain
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Broker Non-Votes
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Cesar Conde
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2,370,556,237
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6,481,221
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2,904,992
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218,725,371
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Timothy P. Flynn
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2,360,461,678
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16,603,216
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2,877,556
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218,725,371
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Sarah J. Friar
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2,371,149,112
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5,971,282
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2,822,056
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218,725,371
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Carla A. Harris
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2,356,180,676
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20,948,312
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2,813,462
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218,725,371
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Thomas W. Horton
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2,297,904,160
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79,142,457
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2,895,833
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218,725,371
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Marissa A. Mayer
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2,359,693,170
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17,471,975
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2,777,305
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218,725,371
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C. Douglas McMillon
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2,361,386,430
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15,725,183
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2,830,837
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218,725,371
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Gregory B. Penner
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2,293,482,720
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83,533,542
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2,926,188
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218,725,371
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Steven S Reinemund
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2,337,534,887
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39,494,360
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2,913,203
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218,725,371
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S. Robson Walton
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2,306,346,374
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70,820,622
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2,775,454
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218,725,371
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Steuart L. Walton
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2,308,463,422
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68,658,969
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2,820,059
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218,725,371
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Company Proposals
Advisory Vote on Executive Compensation. The Company’s shareholders voted upon and approved, by nonbinding, advisory vote, the compensation of the Company’s named executive officers, as described in the Company’s proxy statement dated April 23, 2020. The votes on this proposal were as follows:
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For
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Against
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Abstain
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Broker
Non-Votes
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2,239,910,482
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135,055,006
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4,976,962
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218,725,371
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Ratification of Independent Accountants. The Company’s shareholders voted upon and approved the ratification of the appointment of Ernst & Young LLP to serve as the Company’s independent registered accountants for the fiscal year ending January 31, 2021. The votes on this proposal were as follows:
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For
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Against
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Abstain
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2,556,995,365
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39,286,802
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2,385,654
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There were no broker non-votes with respect to this proposal.
ASDA Sharesave Plan 2000. The Company’s shareholders voted upon and approved an amendment to increase the number of shares available for issuance under the ASDA Sharesave Plan 2000, as described in the Company’s proxy statement dated April 23, 2020. The votes on this proposal were as follows:
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For
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Against
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Abstain
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Broker
Non-Votes
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2,331,010,213
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45,179,336
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3,752,901
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218,725,371
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Shareholder Proposals
The Company’s shareholders voted upon and rejected a shareholder proposal requesting a report on the impacts of single-use plastic bags. The votes on this proposal were as follows:
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For
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Against
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Abstain
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Broker
Non-Votes
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402,379,415
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1,967,318,008
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10,245,027
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218,725,371
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Next, the Company’s shareholders voted upon and rejected a shareholder proposal requesting a report on supplier antibiotics use standards. The votes on this proposal were as follows:
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For
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Against
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Abstain
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Broker
Non-Votes
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89,840,521
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2,279,991,813
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10,110,116
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218,725,371
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Then, the Company’s shareholders voted upon and rejected a shareholder proposal requesting the adoption of a policy to include hourly associates among the pool of potential director candidates. The votes on this proposal were as follows:
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For
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Against
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Abstain
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Broker
Non-Votes
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44,749,885
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2,329,450,623
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5,741,942
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218,725,371
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Finally, the Company’s shareholders voted upon and rejected a shareholder proposal requesting that the company take specific steps to strengthen the prevention of workplace sexual harassment. The votes on this proposal were as follows:
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For
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Against
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Abstain
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Broker
Non-Votes
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312,085,162
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2,056,867,464
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10,989,824
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218,725,371
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