Target Announces Voting Results from 2023 Annual Meeting of Shareholders

(Neutral)

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Tags

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

06/15/2023 - 04:30 PM EDT

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.