Walmart Announces 2024 Annual Shareholders’ Meeting Voting Results
June 05 2024 - 4:49PM
Business Wire
Brian Niccol, Chairman and CEO of Chipotle
Mexican Grill, Inc., elected as Director of Walmart Board
Walmart Inc. (NYSE: WMT) today announced shareholder voting
results for its Annual Shareholders’ Meeting, which was conducted
virtually. Approximately 91% of all outstanding shares were
represented at the meeting.
Greg Penner, Chairman, expressed his gratitude to Rob Walton,
who retired effective as of today, for his more than 40 years of
service on the Walmart Board of Directors. He emphasized the
positive impact he’s had on associates and customers all around the
world.
Doug McMillon, President and CEO, highlighted the company’s
strong performance and position as a people-led, tech-powered
omnichannel retailer. He expressed confidence, stating, “We
continue to believe we can grow sales, grow profit faster than
sales while delivering low prices and investing in our associates
and improve our return on investment.”
The company reported shareholders approved the election of each
of Walmart’s 11 director nominees, including Brian Niccol, Chairman
and CEO of Chipotle Mexican Grill. Each director nominee received
affirmative votes from 94% or more of the shares voted, excluding
abstentions and broker non-votes, as follows (all percentages are
rounded):
Director Nominee
For
Cesar Conde
99.6%
Timothy P. Flynn
98.9%
Sarah J. Friar
99.6%
Carla A. Harris
96.8%
Thomas W. Horton
94.2%
Marissa A. Mayer
98.1%
Doug McMillon
99.6%
Brian Niccol
99.8%
Greg B. Penner
98.6%
Randall L. Stephenson
97.4%
Steuart Walton
99.5%
Shareholders voted to approve, on a non-binding, advisory basis,
the compensation of Walmart’s named executive officers described in
Walmart’s 2024 Proxy Statement, with approximately 92.3% of the
participating shares voting in favor of this proposal. The Board of
Directors had recommended that shareholders vote for this
proposal.
Shareholders also ratified the appointment of Ernst & Young
LLP as Walmart’s Independent Accountants, with affirmative votes
from approximately 98.2% of the shares voted. The Board of
Directors had recommended a vote for this proposal.
An advance notice proposal and seven shareholder proposals were
presented during the meeting and failed to receive affirmative
votes from a majority of the total shares that were voted, and
accordingly, did not pass.
- Jorgen Harmse – WALPAC advanced notice proposal: Received less
than 0.01% of the shares that were voted
- Publication of Targets for Transitioning from Gestation Crates
in Pork Supply Chain: Received approximately 12.5% of the shares
that were voted
- Racial Equity Audit: Received approximately 15.4% of the shares
that were voted
- Human Rights Impact Assessments: Received approximately 11.5%
of the shares that were voted
- Set Compensation Policy that Optimizes Portfolio Value for
Company Shareholders: Received approximately 4.4% of the shares
that were voted
- Report on Respecting Civil Liberties: Received approximately
0.5% of the shares that were voted
- Workplace Safety & Violence Review: Received approximately
19.1% of the shares that were voted
- Corporate Financial Sustainability Report: Received
approximately 0.4% of the shares that were voted
The official voting results for each item voted on by
shareholders will be disclosed in a report to be filed with the
Securities and Exchange Commission.
About Walmart
Walmart Inc. (NYSE: WMT) is a people-led, tech-powered
omnichannel retailer helping people save money and live better –
anytime and anywhere – in stores, online, and through their mobile
devices. Each week, approximately 255 million customers and members
visit more than 10,500 stores and numerous eCommerce websites in 19
countries. With fiscal year 2024 revenue of $648 billion, Walmart
employs approximately 2.1 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 corporate.walmart.com, on Facebook at
facebook.com/walmart, on X (formerly known as Twitter) at
twitter.com/walmart, and on LinkedIn at
linkedin.com/company/walmart.
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Media Relations Contact Kelly Hellbusch 800-331-0085
Investor Relations Contact Steph Wissink
IR@walmart.com
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