Target Announces Voting Results from 2025 Annual Meeting of Shareholders

Rhea-AI Summary

Target Corporation (TGT) held its 2025 Annual Meeting of Shareholders on June 11, with 86.1% of outstanding shares voted. All 12 board nominees were successfully elected with strong approval ratings ranging from 91% to 99.4%. Shareholders also ratified Ernst & Young LLP as the independent accounting firm with 93.3% approval and supported the Say on Pay proposal with 92.2% in favor. Notably, shareholders strongly rejected a proposal requesting a report on affirmative action initiatives' impact on discrimination risks, with 91.5% voting against it. The meeting demonstrated robust shareholder participation and strong support for management's proposals.

Positive

• Strong shareholder participation with 86.1% of outstanding shares voted
• All board nominees received high approval ratings, with the lowest being 91%
• Executive compensation (Say on Pay) received strong support with 92.2% approval
• Shareholders showed strong confidence in management by rejecting controversial shareholder proposal with 91.5% against

Negative

• None.

MINNEAPOLIS, June 13, 2025 /PRNewswire/ -- Target Corporation (NYSE: TGT) today announced voting results from its 2025 Annual Meeting of Shareholders held on June 11, 2025 ("Annual Meeting"). Shareholders elected all 12 nominees for the board of directors, ratified the appointment of Target's independent registered public accounting firm, approved the advisory "Say on Pay" management proposal, 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 391,209,355 shares were voted, representing approximately 86.1 percent of Target's outstanding shares as of the record date.

The final tabulation of votes for each proposal is as follows. Voting percentages 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	99.3	0.7
Douglas M. Baker, Jr.	97.0	3.0
George S. Barrett	96.8	3.2
Gail K. Boudreaux	99.2	0.8
Brian C. Cornell	91.0	9.0
Robert L. Edwards	99.0	1.0
Donald R. Knauss	98.8	1.2
Christine A. Leahy	96.4	3.6
Monica C. Lozano	96.3	3.7
Grace Puma	99.4	0.6
Derica W. Rice	96.3	3.7
Dmitri L. Stockton	95.5	4.5

2.  Shareholders ratified the appointment of Ernst & Young LLP as Target's independent registered accounting firm for fiscal 2025:

	Percent
For	93.3
Against	6.4
Abstain	0.3

3.  Shareholders approved, on an advisory basis, Target's executive compensation ("Say on Pay"):

	Percent
For	92.2
Against	7.8

4.  Shareholders did not approve a shareholder proposal requesting a report on how affirmative action initiatives impact Target's risks related to actual and perceived discrimination:  

	Percent
For	7.1
Against	91.5
Abstain	1.4

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

FAQ

What were the key voting results from Target's 2025 Annual Meeting?

All 12 board nominees were elected, Ernst & Young was ratified as the accounting firm (93.3% approval), Say on Pay proposal passed (92.2% approval), and a shareholder proposal on affirmative action was rejected (91.5% against).

What was the shareholder participation rate at Target's 2025 Annual Meeting?

391,209,355 shares were voted, representing approximately 86.1% of Target's outstanding shares.

Who received the highest and lowest approval ratings among Target's board nominees?

Grace Puma received the highest approval at 99.4%, while Brian C. Cornell received the lowest at 91.0%.

What was the shareholder proposal that was rejected at Target's 2025 meeting?

A proposal requesting a report on how affirmative action initiatives impact Target's risks related to discrimination was rejected with 91.5% voting against it.

How did Target shareholders vote on executive compensation (Say on Pay)?

Shareholders approved the Say on Pay proposal with 92.2% voting in favor and 7.8% against.