Walmart Releases 2016 Annual Shareholders’ Meeting Materials
April 20 2016 - 4:15PM
Business Wire
Annual Report, Proxy Statement, Global
Responsibility Report and Update on Global Ethics and Compliance
Program Published
Wal-Mart Stores, Inc. (NYSE: WMT) today issued its 2016 Annual
Report, Global Responsibility Report, an update on its Global
Ethics and Compliance Program, and filed its Proxy Statement in
preparation for the company’s upcoming Annual Shareholders’ Meeting
on Friday, June 3, 2016.
“Throughout our history, Walmart has been an innovator in
retail,” Walmart President and Chief Executive Officer Doug
McMillon said in his letter to shareholders. “We’re now living in a
new period of disruption, largely driven by rapid technological
advances, and that change is likely to accelerate even further. Our
efforts are squarely focused on emerging as the retail leader.
Around the world, we face stiff competition, but our future is
within our control. The bottom line is this: we have the resources
to chart our own destiny.”
Annual Report HighlightsThe 2016 Annual Report, Only
Walmart, provides shareholders with highlights of Walmart’s
achievements in the last fiscal year and key company-wide
initiatives for the upcoming year and is available here.
In the report, McMillon highlights the company’s ongoing efforts
to be the first company to deliver a truly seamless shopping
experience at scale. His letter also addresses how the company will
win with customers around the world, by focusing on the following
initiatives:
- Setting expectations that Walmart will
save customers money;
- Making it simple and easy to do
business with Walmart, whether digitally or in stores;
- Creating an easier customer experience
so they can find what they’re looking for, either in stores, on
Walmart e-commerce sites, or with Walmart’s marketplace
vendors;
- Increasing accessibility so customers
can get products when and where they want them – in stores and
clubs through pickup on or off-site, or delivered to their
door.
The report also includes an update on governance and shareholder
engagement from Chairman of the Board of Directors, Greg Penner. In
his letter to shareholders, Penner states, “The past year has been
a period of transition for Walmart as we make strategic investments
to position the company for sustainable growth. Walmart’s Board of
Directors fully supports these investments in people and technology
as they will strengthen the company’s competitive position both now
and in the future. As we look ahead, the board is confident that
Walmart’s strategy is the right one, our governance processes are
strong and management is fully aligned with an actionable plan for
success.”
2016 Annual Shareholders’ Meeting and Proxy StatementThe
company began distributing its Proxy Statement today with details
of its Annual Shareholders’ Meeting, to be held on Friday, June 3,
2016, at 8 a.m. (CDT) in Bud Walton Arena on the University of
Arkansas campus in Fayetteville, Ark. Only shareholders of record
as of the close of business on April 8, 2016, the record date for
the meeting, are entitled to vote at this year’s meeting.
Shareholders will vote on 12 Director nominees, three company
proposals, and three shareholder proposals. Board members Aida
Alvarez and Roger Corbett, both members of the board since 2006,
Mike Duke, a member of the board since 2008, and Jim Walton, a
member of the board since 2005, will not stand for re-election. The
company has issued a separate press release describing the
retirements and other pending changes to the board.
The 2016 Proxy Statement can be read online. Shareholders unable
to attend the 2016 Annual Shareholders’ Meeting in person may view
a live webcast at http://www.stock.walmart.com.
Global Responsibility ReportWalmart’s 2016 Global
Responsibility Report, the company’s ninth, outlines the company’s
major milestones in fiscal year 2016 tied to social and
environmental responsibility, specifically highlighting the
company’s progress within those areas. The report also outlines
Walmart’s priorities for its “whole systems” approach to continue
to advance global responsibility in the key areas of opportunity,
sustainability, and local communities. The report is available
digitally and can be viewed online.
Global Ethics and Compliance ReportThe company’s third
report on its global compliance program discusses Walmart’s
significant efforts to build and maintain a world-class ethics and
compliance program. As explained in the report, in the last fiscal
year the company and the Audit Committee of the Board of Directors
identified objectives for continuing to enhance the company’s
compliance program. The objectives addressed issues such as using
technology to make the company’s ethics and compliance efforts more
effective, furthering development of its anticorruption program,
and continuing to lead on food safety. The detailed report is
available here.
Jay Jorgensen, Executive Vice President, Global Chief Ethics and
Compliance Officer, said, “Over the last few years, the company has
invested heavily in enhancing our ethics and compliance functions
to help us become the world’s most trusted retailer. These efforts
reflect our commitment to doing business the right way and
continuously improving as we adapt to changes in our operations and
the marketplace.”
About WalmartWal-Mart Stores, 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, nearly 260 million customers and members visit
our 11,528 stores under 72 banners in 28 countries and e-commerce
websites in 11 countries. With fiscal year 2016 revenue of $482.1
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
http://corporate.walmart.com on Facebook
at http://facebook.com/walmart and on Twitter at
http://twitter.com/walmart.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160420006590/en/
Wal-Mart Stores, Inc.Media Relations Contact:Randy Hargrove,
800-331-0085orInvestor Relations Contact:Kary Brunner,
479-277-8782
Walmart (NYSE:WMT)
Historical Stock Chart
From Apr 2024 to May 2024
Walmart (NYSE:WMT)
Historical Stock Chart
From May 2023 to May 2024