UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington, D.C.
20549
SCHEDULE
14A
Proxy
Statement Pursuant to Section 14(a) of the Securities
Exchange
Act of 1934 (Amendment No. )
Filed
by the Registrant |
Filed
by a Party other than the Registrant |
Check
the appropriate box: |
|
Preliminary
Proxy Statement |
|
Confidential,
for use of the Commission only (as permitted by
Rule 14a-6(e)(2)) |
|
Definitive
Proxy Statement |
|
Definitive
Additional Materials |
|
Soliciting
Material Pursuant to §.240.14a-12 |
WAL-MART STORES, INC.
(Name
of Registrant as Specified In Its Charter)
(Name
of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment
of Filing Fee (Check the appropriate box): |
|
No
fee required. |
|
Fee
computed on table below per Exchange Act Rules 14a-6(i)(1) and
0-11. |
(1)
Title of each class of securities to which transaction
applies: |
(2)
Aggregate number of securities to which transaction
applies: |
(3)
Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (set forth the amount on which the
filing fee is calculated and state how it was determined): |
(4)
Proposed maximum aggregate value of transaction: |
(5)
Total fee paid: |
|
Fee
paid previously with preliminary materials. |
|
Check
box if any part of the fee is offset as provided by Exchange Act
Rule 0-11(a)(2) and identify the filing for which the offsetting
fee was paid previously. Identify the previous filing by registration
statement number, or the Form or Schedule and the date of its
filing. |
(1) Amount
Previously Paid: |
(2) Form,
Schedule or Registration Statement No.: |
(3) Filing
Party: |
(4) Date
Filed: |
Walmart Releases 2015 Annual Shareholders’
Meeting Materials
Proxy Statement and Annual Report Published,
along with Global Responsibility Report and Update on Global Compliance Program
BENTONVILLE, Ark. April 22, 2015 —
Wal-Mart Stores, Inc. (NYSE: WMT) today filed its Proxy Statement in preparation for its upcoming Annual Shareholders’ Meeting
on Friday, June 5. In addition, the company issued its 2015 Annual Report along with its Global Responsibility Report and Global
Compliance Program Report.
“Walmart has a bright future,” commented Wal-Mart
Stores Inc., President and Chief Executive Officer Doug McMillon in his letter to shareholders. “We have a real and meaningful
purpose – to save people money so they can live better. We’re embracing change so we can deliver that promise more
effectively. We are investing to run better stores and e-commerce globally and excel at the integration of digital and physical
retail, providing our customers with a seamless shopping experience.”
Annual Report: “Winning the Future of Retail –
One Customer at a Time”
The 2015 Annual Report provides shareholders with an overview
of Walmart’s performance in the last fiscal year and the key strategies that management is executing to serve customers
and shareholders. The enhanced digital report contains expanded content, including video messages from McMillon, Chairman of the
Board of Directors Rob Walton, as well as the CEOs of each business segment and e-commerce. The report can be accessed here.
In the report, McMillon reviews how the company’s framework
for growth leverages four dimensions of its customer value proposition – price, access, assortment and experience.
| • | Price: The company is focused on expanding everyday low prices
to more markets globally. To deliver price leadership, Walmart continues to underscore everyday low cost through improvements in
supply chain, processes and other efficiencies. |
| • | Access: The future of retail is integrating stores and online
together seamlessly. The company is investing globally to improve mobile capabilities and test alternative access points. |
| • | Assortment: Customers increasingly want more variety
and Walmart provides quality merchandise, desirable national brands and great private label options. The company expects to surpass
10 million items available on walmart.com in the U.S. this year. |
| • | Experience: Walmart is investing in increased associate wages,
training and development, which it believes will also improve the store and club experience for customers. |
The Annual Report also includes comments
on strong shareholder governance from Walton, who states, “Walmart has an exceptional Board that is highly diverse,
from ethnicity and gender to business experience and tenure. Underscoring the Board’s commitment to its leadership structure,
we have added a healthy mix of directors with fresh perspectives over the past few years. Their views have complemented the vision
and work of our longer-serving directors and demonstrate how we are strengthening the Board’s oversight to keep pace with
the changing retail dynamics. This is especially true as the Board oversees management’s execution of Walmart’s enterprise
strategy.”
2015 Annual Shareholders’ Meeting and Proxy Statement
The company began distributing its Proxy Statement today
with details of its Annual Shareholders’ Meeting. The meeting will be held on Friday, June 5, at 7:30 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 10, 2015, are entitled to vote their shares in advance
of or at this year’s meeting.
Shareholders will vote on 15 director
nominees, three company proposals and five shareholder proposals.
Douglas N. Daft, a member of Walmart’s Board since 2005, is retiring from the board and will not stand for reelection.
“I’d like to thank Doug for 10 years of service to
Walmart’s Board and to our shareholders,” said Walton. “He brought us more than four decades of business experience
and perspective on markets around the world. His long tenure with a global beverage company and international business acumen provided
us with unique insights into brand management, marketing and strategic planning. We also appreciate the key insights Doug provided
through two successful CEO transitions and the many valuable contributions he made to our Compensation, Nominating and Governance
Committee.”
Walmart has continued to enhance the format of the Proxy Statement
to provide a clear and detailed overview of the topics that will be covered at the Shareholders’
Meeting. The changes were influenced by feedback from investors who provided input during the year. The company’s Proxy
Statement can be read online. Shareholders unable to attend the 2015 Annual Shareholders’
Meeting in person may view a live webcast on the company’s Investor Relations site.
Global Responsibility Report
Walmart’s 2015 Global Responsibility Report (“GRR”),
the company’s eighth, outlines the company’s major milestones in fiscal year 2015 tied to social and environmental
responsibility, specifically highlighting Walmart’s achievements to create economic opportunity for associates, enhance
the sustainability of its operations and supply chains, and serve the communities in which it operates. The report is available
digitally and can be viewed online.
Global Compliance Program Report
The company’s second annual report on its global compliance
program highlights significant strides being made to elevate Walmart’s compliance program globally against a defined set
of objectives in three key categories: people; policies and processes; and systems and analytics.
Jay Jorgensen, executive vice president, global chief ethics
and compliance officer said, “From hiring and realigning our compliance staff to utilizing technologies and measuring the
effectiveness of our processes and controls, Walmart is making ongoing progress to enhance our compliance and corporate governance
procedures through a unified program around the globe. We have accomplished a great deal this past year to strengthen our continued
commitment to doing business the right way.”
As explained in the report, the Audit Committee of the Board
of Directors concluded the company had achieved significant progress towards its goals in enhancing its compliance program. The
detailed report is available here.
Investor Relations App
This year’s Shareholders’ Meeting materials are also
available through the redesigned Walmart Investor Relations App, which is available free on the company’s
website. The app is available on iPad®, iPhone®, and Android™ mobile devices.
About
Walmart
Wal-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, we serve nearly 260 million customers who visit our 11,462 stores under 72 banners in 27 countries and
e-commerce websites in 11 countries. With fiscal year 2015 revenue of $486 billion, Walmart employs more than 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. Online merchandise sales
are available at http://www.walmart.com and http://www.samsclub.com.
# # #
Media Relations Contact
Randy Hargrove, 800-331-0085
or
Investor Relations Contact
Carol Schumacher, 479-277-1498
Kary Brunner, 479-277-8782
Walmart (NYSE:WMT)
Historical Stock Chart
From Mar 2024 to Apr 2024
Walmart (NYSE:WMT)
Historical Stock Chart
From Apr 2023 to Apr 2024