MINNEAPOLIS, June 15,
2023 /PRNewswire/ -- Target Corporation
(NYSE:TGT) today announced voting results from its 2023 Annual
Meeting of Shareholders held on June 14,
2023 ("Annual Meeting"). Shareholders elected 12 members of
the board of directors, ratified the appointment of Target's
independent registered public accounting firm, approved the
advisory "Say on Pay" management proposal, approved "1 Year" for
the advised frequency of Target's Say on Pay votes, and rejected
one shareholder proposal.
The Carideo Group, the independent Inspector of Election, has
certified all voting results for the Annual Meeting. The final
tabulation indicates that 410,847,268 million shares were voted,
representing approximately 89.0 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
|
98.7
|
1.3
|
Douglas M. Baker,
Jr.
|
96.5
|
3.5
|
George S.
Barrett
|
96.3
|
3.7
|
Gail K.
Boudreaux
|
98.9
|
1.1
|
Brian C.
Cornell
|
94.7
|
5.3
|
Robert L.
Edwards
|
98.3
|
1.7
|
Donald R.
Knauss
|
97.6
|
2.4
|
Christine A.
Leahy
|
96.9
|
3.1
|
Monica C.
Lozano
|
95.8
|
4.2
|
Grace Puma
|
99.0
|
1.0
|
Derica W.
Rice
|
97.5
|
2.5
|
Dmitri L.
Stockton
|
97.6
|
2.4
|
2. Shareholders ratified the appointment of Ernst & Young
LLP as Target's independent registered accounting firm for fiscal
2023:
|
Percent
|
For
|
96.1
|
Against
|
3.7
|
Abstain
|
0.2
|
3. Shareholders approved, on an advisory basis, Target's
executive compensation ("Say on Pay"):
|
Percent
|
For
|
94.1
|
Against
|
5.9
|
4. Shareholders approved, on an advisory basis, "1 Year" for the
frequency of Target's Say on Pay votes:
|
Percent
|
1
Year
|
98.5
|
2
Years
|
0.2
|
3
Years
|
1.2
|
5. Shareholders did not approve a shareholder proposal to adopt
a policy for an independent chairman:
|
Percent
|
For
|
32.1
|
Against
|
66.6
|
Abstain
|
1.3
|
About Target
Minneapolis-based Target
Corporation (NYSE: TGT) serves guests at nearly 2,000 stores and at
Target.com, with the purpose of helping all families discover the
joy of everyday life. Since 1946, Target has given 5% of its
profit to communities, which today equals millions of dollars a
week. Additional company information can be found by visiting the
corporate website and press center.
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SOURCE Target Corporation