Walmart Releases 2021 Annual Report and Proxy Statement
April 22 2021 - 5:01PM
Business Wire
Walmart Inc. (NYSE: WMT) today issued its 2021 Annual Report and
filed its Proxy Statement in preparation for the company’s upcoming
virtual Annual Shareholders’ Meeting on Wednesday, June 2, 2021.
Shareholders will be able to attend the meeting online. There will
be no physical location for the meeting and the company is not
hosting its usual in-person Associate Celebration due to the
COVID-19 pandemic. Instead, it will host a virtual Associate
Celebration on Friday, June 4, with entertainment and messages from
senior leadership.
Annual Report Highlights
The 2021 Annual Report showcases the strength and resiliency of
Walmart’s associates over the course of the past year in light of
the extraordinary challenges brought on by the pandemic, as well
Walmart’s financial strength and positioning for ongoing
success.
In his annual letter to shareholders, associates and customers,
Walmart President and Chief Executive Officer Doug McMillon
commemorated the incredible achievements of Walmart’s associates
and how the company has prioritized its associates, customers and
helping local communities over the past year.
“The pandemic brought extraordinary challenges, heartbreaking
stories, significant loss and moments of inspiration as our
associates overcame challenge after challenge. We witnessed their
courage, kindness and generosity. Across the world in our stores,
clubs and supply chain, they have come together to serve our
customers, each other and their communities.
“Our 2020 priorities remain unchanged today, and to support them
we paid $1.6 billion in special cash bonuses to our associates last
year, implemented special COVID benefits, hired hundreds of
thousands of displaced workers, set up COVID testing sites,
provided relief to small businesses, donated more than 625 million
pounds of food, pledged over $55 million in grants for hunger
relief, and now we’re helping with vaccination efforts across the
U.S., Canada and Mexico.”
McMillon also outlined the strategic path forward for the
company and touched on the ways Walmart will continue to invest in
a more diverse and inclusive workforce.
“We have a powerful set of assets that provide a strong
foundation as we write the next chapter of the Walmart story. We
have made gains in recent years that we’ll protect, including the
value for customers we offer and the lead we’ve built in pickup
services. We’re broadening the scope of products and services we
offer to increase relevance in more customers’ lives, while
layering in a more robust digital experience to improve engagement.
And now we’ll accelerate investments in key areas to support faster
sales growth and keep the current asset base fresh.
“In September of 2020, Walmart announced its aspiration to
become a regenerative company. Our company has also taken a
leadership role to help tackle other challenges that face our
society. I’m really proud of the work we’re doing on racial
equity…We’re finding ways to leverage our size and influence to
shape financial, healthcare, education and criminal justice systems
and create more equity, more often. Ensuring equality for all
citizens is the right thing to do, and it’s smart business. A more
diverse and inclusive workforce is a more powerful workforce.”
2021 Annual Shareholders’ Meeting, Proxy Statement and
Proposal Voting
In light of the ongoing COVID-19 pandemic the company’s 2021
Annual Shareholders’ Meeting will be held in a virtual meeting
format only with no physical location. The live audio webcast of
the meeting will begin on Wednesday, June 2, 2021 at 10:30 a.m.
CDT.
Shareholders who held shares as of the close of business on the
record date of April 9, 2021 will be able to vote their shares
before the meeting online at www.proxyvote.com, by calling
1-800-690-6903, by mailing a completed proxy card or by mobile
device by scanning the QR code on the proxy card or notice of
internet availability. Shareholders may also vote while logged in
and participating in the 2021 Annual Shareholders’ Meeting at
http://www.virtualshareholdermeeting.com/WMT2021.
This year’s proxy materials seek shareholders’ votes on 12
director nominees, two company proposals and five shareholder
proposals. The public will also be able to listen to the Annual
Shareholders’ Meeting, without the option to vote, through a link
on the company’s website. The 2021 Proxy Statement can be read
online.
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, approximately
220 million customers and members visit approximately 10,500 stores
and clubs under 48 banners in 24 countries and eCommerce websites.
With fiscal year 2021 revenue of $559 billion, Walmart employs more
than 2.3 associates worldwide. Walmart continues to be a leader in
sustainability, corporate philanthropy and employment opportunity.
Additional information about Walmart can be found by visiting
corporate.walmart.com, on Facebook at facebook.com/walmart and on
Twitter at twitter.com/walmart.
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