Walmart Announces 2019 Formal Business and Annual Shareholders’ Meeting Voting Results
June 05 2019 - 2:55PM
Business Wire
Walmart Inc. (NYSE: WMT) today announced shareholder voting
results for its Formal Business and Annual Shareholders’
Meeting. Approximately 92 percent of all outstanding shares were
present or represented by proxy at the meeting.
During the business meeting, Walmart President and CEO Doug
McMillon commented, “Our top priority is to serve customers. Sam
Walton was called a merchant with a servant’s heart, and we still
embody that mindset today. Over the years, we’ve learned that the
best way to serve our customers is by creating shared value among
our broad group of stakeholders. That means we consciously work to
balance the interests of our customers, our associates,
shareholders, suppliers, communities and our broader influence on
the world.”
The company reported that shareholders approved the election of
each of Walmart’s 12 director nominees. Each director nominee
received affirmative votes from approximately 97 percent or more of
the shares voted, excluding abstentions and broker non-votes, as
follows (all percentages are rounded):
Director Nominee
For Cesar Conde 99 Stephen J. Easterbrook
99 Timothy P. Flynn 99 Sarah J. Friar
99 Carla A. Harris 99 Thomas W. Horton
99 Marissa A. Mayer 99 C. Douglas
McMillon 99 Gregory B. Penner 97 Steven
S Reinemund 98 S. Robson Walton 97
Steuart L. Walton 97
Shareholders voted to approve, on a non-binding, advisory basis,
the compensation of Walmart’s named executive officers described in
Walmart’s 2019 proxy statement, with approximately 91 percent of
the shares present in person or represented by proxy 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 percent of the shares that were present in
person or represented by proxy at the meeting and entitled to
vote.
Each shareholder proposal failed to receive affirmative votes
from a majority of the total shares that were represented at the
meeting and entitled to vote, and, accordingly, did not pass.
- Request to strengthen the prevention of
sexual harassment: Approximately 10 percent of the shares that were
present or represented by proxy at the meeting and entitled to
vote.
- Request to include hourly associates
among the potential director candidates considered by the
Nominating and Governance Committee of the Board: Less than 0.01
percent of the shares that were present or represented by proxy at
the meeting and entitled to vote.
- Request to adopt a cumulative voting
standard in the election of directors: the proposal was not
formally presented at the meeting. However, the company received
proxies representing approximately 11 percent of the shares in
support of the proposal.
The official voting results for each item voted on by
shareholders will be disclosed in a report to be filed next week
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, over 275
million customers and members visit our more than 11,300 stores
under 58 banners in 27 countries and eCommerce websites. With
fiscal year 2019 revenue of $514.4 billion, Walmart employs over
2.2 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: https://www.businesswire.com/news/home/20190605005919/en/
Media Relations ContactRandy Hargrove800-331-0085
Investor Relations ContactDan Binder479-258-7172
Walmart (NYSE:WMT)
Historical Stock Chart
From Apr 2024 to May 2024
Walmart (NYSE:WMT)
Historical Stock Chart
From May 2023 to May 2024