MINNEAPOLIS, June 14,
2022 /PRNewswire/ -- Target Corporation (NYSE:TGT)
today announced voting results from its 2022 Annual Meeting of
Shareholders held on June 8, 2022.
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, and
rejected two shareholder proposals.
The Carideo Group, the independent Inspector of Election, has
certified all voting results for the Annual Meeting. The final
tabulation indicates that 400,324,619 million shares were voted,
representing approximately 86.3 percent of Target's outstanding
shares.
The final tabulation of votes for each proposal is as follows.
Voting percentages are rounded to the nearest tenth of a percent
and may not foot due to rounding.
1. Shareholders
elected each of the following board nominees for a one-year
term:
|
Nominee
|
Percent For
|
Percent
Against
|
|
David P.
Abney
|
99.3
|
0.7
|
|
Douglas M. Baker,
Jr.
|
96.9
|
3.1
|
|
George S.
Barrett
|
98.4
|
1.6
|
|
Gail K.
Boudreaux
|
99.5
|
0.5
|
|
Brian C.
Cornell
|
94.3
|
5.7
|
|
Robert L.
Edwards
|
98.1
|
1.9
|
|
Melanie L.
Healey
|
97.5
|
2.5
|
|
Donald R.
Knauss
|
99.0
|
1.0
|
|
Christine A.
Leahy
|
98.4
|
1.6
|
|
Monica C.
Lozano
|
97.8
|
2.2
|
|
Derica W.
Rice
|
97.3
|
2.7
|
|
Dmitri L.
Stockton
|
97.9
|
2.1
|
2. Shareholders
ratified the appointment of Ernst & Young LLP as Target's
independent registered accounting firm for fiscal 2022:
|
Percent
|
|
For
|
91.7
|
|
Against
|
8.0
|
|
Abstain
|
0.2
|
3. Shareholders
approved, on a non-binding advisory basis, Target's executive
compensation ("Say on Pay"):
|
Percent
|
|
For
|
92.7
|
|
Against
|
7.3
|
4. Shareholders
did not approve a shareholder proposal to amend the proxy access
bylaw to remove the shareholder group limit:
|
Percent
|
|
For
|
36.0
|
|
Against
|
63.3
|
|
Abstain
|
0.8
|
5. Shareholders
did not approve a shareholder proposal raised from the floor of the
Annual Meeting concerning the method of holding shareholder
meetings that are not held in person:
|
Percent
|
|
For
|
0.0
|
|
Against
|
100.0
|
|
Abstain
|
0.0
|
About Target
Minneapolis-based Target
Corporation (NYSE: TGT) serves guests at nearly 2,000 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 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