Walmart Announces 2022 Annual Shareholders’ Meeting Voting Results
01 Junho 2022 - 5:26PM
Business Wire
Walmart Inc. (NYSE: WMT) today announced shareholder voting
results for its Annual Shareholders’ Meeting, which was conducted
virtually. Approximately 88.9% of all outstanding shares were
represented at the meeting.
During the business meeting, Walmart President and CEO Doug
McMillon provided a business update, sharing, “During the last
fiscal year, we grew sales by 9%, grew operating profit by 18%,
excluding divestitures, and generated $24 billion in operating cash
flow. These results enabled us to return $16 billion to
shareholders in dividends and share repurchases and invest $13
billion in capital to grow our business.”
McMillon also spoke on how the company is continuing to provide
competitive wages and benefits for associates, commenting, “Our
goal is to turn even more jobs into careers by strengthening a
ladder of opportunity for our associates. As of April of this year,
the average hourly wage for associates in our stores, clubs and
supply chain exceeds $17 here in the U.S. In the U.S., about 75% of
Walmart’s salaried management in our stores, clubs and supply chain
started out in an hourly role. Beyond pay, we offer a wide range of
benefits including a menu of health care options and free college
tuition for associates through our Live Better U program. Since
launching in 2018, over 75,000 associates have enrolled in the
program, and 11,000 associates have graduated.”
The company reported that shareholders approved the election of
each of Walmart’s 11 director nominees. Each director nominee
received affirmative votes from approximately 96.1% 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
99.2%
Sarah J. Friar
96.1%
Carla A. Harris
97.3%
Thomas W. Horton
97.2%
Marissa A. Mayer
98.4%
C. Douglas McMillon
98.9%
Gregory B. Penner
96.7%
Randall L. Stephenson
97.7%
S. Robson Walton
98.4%
Steuart L. Walton
98.5%
Shareholders voted to approve, on a non-binding, advisory basis,
the compensation of Walmart’s named executive officers described in
Walmart’s 2022 proxy statement, with approximately 91.2% of the
participating shares voting in favor of this proposal. The Board of
Directors had recommended a vote for this proposal.
Shareholders also ratified the appointment of Ernst & Young
LLP as Walmart’s independent accountants, with affirmative votes
from approximately 98.3% of the participating and entitled shares.
The Board of Directors had recommended a vote for this
proposal.
The Board of Directors had recommended a vote against each of
the seven shareholder proposals, each of which failed to pass.
- Report on Animal Welfare Practices: Received approximately
16.4% of the participating shares that were entitled to vote.
- Create a Pandemic Workforce Advisory Council: Received
approximately 12.7% of the participating shares that were entitled
to vote.
- Report on Impacts of Reproductive Healthcare Legislation:
Received approximately 12.9% of the participating shares that were
entitled to vote.
- Report on Alignment of Racial Justice Goals and Starting Wages:
Received approximately 13.4% of the participating shares that were
entitled to vote.
- Civil Rights and Non-Discrimination Audit: Received
approximately 0.5% of the participating shares that were entitled
to vote.
- Report on Charitable Donations Disclosures: Received
approximately 0.9% of the participating shares that were entitled
to vote.
- Report on Lobbying Disclosures: Received approximately 14.3% of
the participating shares that were entitled to vote.
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) helps people around the world save
money and live better — anytime and anywhere — in retail stores,
online, and through their mobile devices. Each week, approximately
230 million customers and members visit more than 10,500 stores and
clubs under 46 banners in 24 countries and eCommerce websites. With
fiscal year 2022 revenue of $573 billion, Walmart employs
approximately 2.3 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 and on Twitter at twitter.com/walmart.
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