Target Announces Voting Results from 2026 Annual Meeting of Shareholders

Rhea-AI Summary

Target (NYSE:TGT) released final voting results from its June 10, 2026 Annual Meeting. Shareholders elected all 12 director nominees, with support ranging from 87.2% to 99.1%.

Investors also ratified Ernst & Young for fiscal 2026, approved “Say on Pay,” extended the 2020 Long-Term Incentive Plan, and rejected three shareholder proposals.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Positive

• All 12 director nominees elected with at least 87.2% support
• Ernst & Young ratified as auditor for fiscal 2026 with 93.5% support
• Executive compensation advisory proposal approved with 89.0% support
• Amended 2020 Long-Term Incentive Plan approved with 95.0% support

Negative

• None.

News Market Reaction – TGT

-1.52%

-1.52% News Effect

On the day this news was published, TGT declined 1.52%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement confirms certified results from Target’s June 10, 2026 Annual Meeting, with all 12...

Analysis

This announcement confirms certified results from Target’s June 10, 2026 Annual Meeting, with all 12 directors re-elected and management proposals on auditor ratification, Say on Pay, and the long-term incentive plan receiving strong support. Three shareholder proposals on board independence, pesticides reporting, and plastic microfiber shedding were rejected. In light of recent activist filings and strong Q1 2026 results, investors may watch future proxy seasons and ESG disclosures for signs of evolving governance and sustainability priorities.

Key Figures

Shares voted: 392,543,988 shares Participation rate: 86.4% of outstanding shares Board nominees: 12 directors elected +5 more

8 metrics

Shares voted 392,543,988 shares 2026 Annual Meeting quorum

Participation rate 86.4% of outstanding shares Voting representation at 2026 Annual Meeting

Board nominees 12 directors elected One-year terms approved

Auditor ratification 93.5% For Ernst & Young LLP for fiscal 2026

Say on Pay support 89.0% For Advisory vote on executive compensation

LTIP approval 95.0% For Amended 2020 Long-Term Incentive Plan

Independent chair proposal 38.1% For Shareholder governance proposal defeated

Pesticides report proposal 16.9% For ESG-focused shareholder proposal defeated

Historical Context

5 past events · Latest: Jun 04 (Negative)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jun 04	Product recall	Negative	-1.0%	Recall of contaminated baby wipes with potential infection risk.
Jun 02	Promotional campaign	Positive	-0.4%	Announcement of Target Circle Deal Days discount event.
May 20	Quarterly earnings	Positive	-3.8%	Q1 2026 beat with raised sales and EPS guidance.
May 19	Earnings webcast	Neutral	+0.6%	Details on timing and access for Q1 earnings call webcast.
May 19	Leadership change	Neutral	+0.6%	Appointment of Jeff England as chief global supply chain officer.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent history shows occasional negative reactions to otherwise constructive operational news, while governance and routine announcements tend to have muted or modestly positive impacts.

Recent Company History

Over the past month, Target has reported strong Q1 2026 results with net sales of $25.4 billion and raised guidance, yet the stock fell 3.82% following earnings and also dipped after promotional and recall news. Governance-related developments, including the Annual Meeting and activist communications about board composition and executive roles, frame today’s voting results as a continuation of ongoing scrutiny. The confirmation of all 12 directors and rejection of three shareholder proposals suggests stability relative to the recent activist filings.

Key Terms

independent registered public accounting firm, inspector of election, say on pay, long-term incentive plan, +2 more

6 terms

independent registered public accounting firm regulatory

"ratified the appointment of Target's independent registered public accounting firm"

An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.

inspector of election regulatory

"The Carideo Group, the independent Inspector of Election, has certified"

An inspector of election is an independent individual or firm appointed to oversee and verify a company’s shareholder vote, acting like a neutral referee who counts ballots, confirms voter eligibility, and certifies the official results. Investors care because the inspector’s work ensures votes on key issues — such as board members, mergers or executive pay — are tallied fairly and accurately, which protects shareholder rights and preserves confidence in corporate governance.

say on pay financial

"approved the advisory "Say on Pay" management proposal"

Say on pay is a shareholder vote—typically nonbinding—on a company’s executive compensation package, allowing investors to approve or reject how top managers are paid. Think of it as a public performance review: widespread disapproval can signal poor governance, prompt changes to pay practices, attract activist investors, and influence investor confidence and share value. It matters because it gives owners a direct way to influence compensation that affects company incentives and long-term performance.

long-term incentive plan financial

"approved the Amended and Restated Target Corporation 2020 Long-Term Incentive Plan"

A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.

shareholder proposal regulatory

"and rejected three shareholder proposals.The Carideo Group"

A shareholder proposal is a formal suggestion submitted by an owner of a company’s stock asking other investors to vote on a specific change in company policy, governance, or operations at a shareholder meeting. It matters to investors because proposals can force public discussion, lead to changes that affect risk, costs, or reputation, and serve as a signal of investor priorities—like a homeowner proposing a new rule at a building meeting that could change how the whole property is run.

independent director regulatory

"requesting a policy requiring the Board Chair to be an independent director"

An independent director is a member of a company's board of directors who is not involved in the company's day-to-day operations and has no significant relationships with the company that could influence their judgment. Their role is to provide unbiased oversight and ensure the company is managed in the best interests of all shareholders. This helps build trust and confidence among investors by promoting transparency and accountability.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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MINNEAPOLIS, June 12, 2026 /PRNewswire/ -- Target Corporation (NYSE: TGT) today announced voting results from its 2026 Annual Meeting of Shareholders held on June 10, 2026 ("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, approved the Amended and Restated Target Corporation 2020 Long-Term Incentive Plan, and rejected three shareholder proposals.

The Carideo Group, the independent Inspector of Election, has certified all voting results for the Annual Meeting. The final tabulation indicates that 392,543,988 shares were voted, representing approximately 86.4 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	97.5	2.5
George S. Barrett	89.9	10.1
Gail K. Boudreaux	97.0	3.0
Stephen B. Bratspies	98.3	1.7
Brian C. Cornell	87.2	12.8
Robert L. Edwards	97.2	2.8
Michael J. Fiddelke	99.1	0.9
John R. Hoke III	98.8	1.2
Christine A. Leahy	88.5	11.5
Monica C. Lozano	95.2	4.8
Derica W. Rice	96.5	3.5
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 2026:

Percent

For          93.5

Against    6.3

Abstain    0.2

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

Percent

For           89.0

Against    11.0

4.       Shareholders approved the Amended and Restated Target Corporation 2020 Long-Term Incentive Plan:

Percent

For           95.0

Against    4.3

Abstain    0.7

5.       Shareholders did not approve a shareholder proposal requesting a policy requiring the Board Chair to be an independent director:

Percent

For          38.1

Against    61.4

Abstain    0.5

6.       Shareholders did not approve a shareholder proposal requesting a report on presence of pesticides in Target's private label brands:

Percent

For          16.9

Against    81.6

Abstain    1.5

7.       Shareholders did not approve a shareholder proposal requesting a report on reducing plastic microfiber shedding:

Percent

For          18.4

Against    80.3

Abstain    1.3

About Target
Target Corporation (NYSE: TGT) brings together style, design and value to offer a distinct assortment and elevated shopping experience across more than 2,000 U.S. stores and online. Powered by more than 400,000 team members, Target serves millions of families each week and invests in the communities where they live and work to support growth and opportunity for all. 

View original content to download multimedia:https://www.prnewswire.com/news-releases/target-announces-voting-results-from-2026-annual-meeting-of-shareholders-302799322.html

SOURCE Target Corporation

FAQ

What were the key outcomes of Target (TGT) 2026 annual shareholder meeting?

Target shareholders elected all 12 directors, ratified Ernst & Young as auditor, and approved executive compensation and the amended 2020 Long-Term Incentive Plan. According to Target, three shareholder proposals on governance and environmental reporting did not receive sufficient support.

How many shares were voted at Target (TGT) 2026 annual meeting?

A total of 392,543,988 shares were voted, representing about 86.4% of outstanding shares as of the record date. According to Target, these results were certified by The Carideo Group as the independent Inspector of Election.

How did Target (TGT) shareholders vote on the 2026 Say on Pay proposal?

Target’s executive compensation received 89.0% votes in favor and 11.0% against. According to Target, this advisory “Say on Pay” result indicates broad shareholder support for the company’s current executive pay programs and practices.

What did Target (TGT) shareholders decide on the 2020 Long-Term Incentive Plan in 2026?

Shareholders approved the Amended and Restated 2020 Long-Term Incentive Plan, with 95.0% of votes for, 4.3% against, and 0.7% abstaining. According to Target, this approval extends the company’s equity-based incentive framework for employees and executives.

Did Target (TGT) shareholders approve making the board chair independent in 2026?

No, the shareholder proposal requiring an independent board chair was not approved. According to Target, the proposal received 38.1% of votes for, 61.4% against, and 0.5% abstaining, so the current board leadership structure remains unchanged.

How did Target (TGT) investors vote on environmental proposals about pesticides and microfibers in 2026?

Shareholders rejected proposals seeking reports on pesticides in private-label brands and reducing plastic microfiber shedding. According to Target, the pesticides report proposal received 16.9% support, while the microfiber shedding report proposal received 18.4% support, with large majorities voting against both.