A coordinated approach to selling and serving customers across all touchpoints—stores, websites, mobile apps, social media, and call centers—so the experience feels like one continuous conversation no matter where a customer interacts. For investors, omnichannel capability signals how well a company can attract and keep customers, turn interactions into sales, and use shared customer data to cut costs and boost revenue—making it a key driver of growth and competitive strength.
annual shareholders’ meetingregulatory
A company's annual shareholders’ meeting is a yearly gathering where owners of the company review performance, vote on key decisions (like electing the board or approving executive pay), and ask management questions. Investors care because it’s the main forum to influence how the company is run and to get direct updates—think of it as a town hall where owners judge leaders and set the rules that affect the value of their investment.
non-binding, advisory basisregulatory
A non-binding, advisory basis means a recommendation or decision that carries no legal force and does not obligate the parties to act; it’s similar to a friendly suggestion rather than a signed promise. For investors, this matters because such guidance can influence market expectations and management plans but offers no guarantee of follow-through, so investors should treat it as informative input rather than a firm commitment.
restated certificate of incorporationregulatory
A restated certificate of incorporation is an updated, single-document version of a company’s founding rules that folds together the original charter and all later changes into one clear set of terms — like replacing a patchwork manual with a clean, revised edition. Investors care because it clarifies ownership details, voting rights, share classes and other legal rules that affect control, dividends and how value is created or diluted, so it can change the risks and benefits of owning the stock.
section 102(b)(7)regulatory
Section 102(b)(7) is a legal clause commonly included in a company's charter that allows the company to limit or eliminate directors' personal financial liability for breaches of their duties as directors, while still leaving directors exposed for serious misconduct such as fraud, acting in bad faith, intentional lawbreaking, unlawful dividends, or improper stock repurchases. For investors, it matters because it affects how easy it is to hold directors financially accountable after harm—like an insurance waiver that shields honest mistakes but not theft or deliberate wrongdoing—so it influences management incentives and the strength of corporate governance.
general corporation law of the state of delawareregulatory
A state-level statutory framework that acts like a widely used rulebook for how corporations are formed, governed, and dissolved in Delaware. It sets binding rules on directors’ powers, shareholder rights, mergers, and fiduciary duties, and matters to investors because it creates predictable legal outcomes and clear governance standards—like playing a game with well-known rules—affecting control, takeover risk, and the protection of shareholder interests.
cumulative votingfinancial
A voting system for electing a company's board where each shareholder can pool all their votes and cast them for one or more board candidates rather than spreading votes evenly. Think of it like having 100 stickers you can put all on one favorite class representative instead of giving one sticker to each candidate. It matters to investors because it gives minority holders a realistic chance to secure board representation and influence company decisions, affecting governance, strategy and therefore investment value.
broker non-votesregulatory
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
See more from StockTitan in Google Search and AI answers.Adds StockTitan as a preferred source · opens Google
BENTONVILLE, Ark.--(BUSINESS WIRE)--
Walmart Inc. (Nasdaq: WMT) today announced preliminary shareholder voting results for its Annual Shareholders’ Meeting. Approximately 89.88% of all outstanding shares were represented at the meeting.
John Furner, President and CEO of Walmart Inc., provided an overview of Walmart’s business model and strong FY26 results. He noted the company’s omnichannel retail model continues to deliver consistent performance. By expanding higher-margin commerce solutions, the company is investing in value and convenience for customers and members, associate experience, and technology, all while strengthening its competitive position, driving sustained share gains and competitive differentiation. This unique model at scale positions the company well for sustained, long-term growth and returns to shareholders.
Furner also highlighted investments made in supporting associates, including wages, benefits and opportunities to help build skills for the future, as well as how the company is leveraging AI to lead the next era of retail by providing associates with the technology and information they need to better serve customers and members.
“The business has changed a lot since Sam Walton opened the first Walmart, and it has changed a lot since I started in the garden center. But what hasn’t changed is that it’s our people who make the difference,” Furner said. “We’re proud of how our associates are executing our strategy and building momentum. We are well positioned for what comes next. I’ve never been more optimistic about what we can accomplish together.”
The Company presented four proposals for shareholder consideration, each of which received the affirmative votes necessary to pass.
Proposal #1: Shareholders approved the election of each of Walmart’s 11 director nominees. Each director nominee received affirmative votes from approximately 96.20% or more of the shares voted, excluding abstentions and broker non-votes, as follows:
Director Nominee
For
Cesar Conde
99.23%
Sarah J. Friar
99.82%
John Furner
99.38%
Carla A. Harris
97.34%
Thomas W. Horton
98.28%
Marissa A. Mayer
99.08%
Shishir Mehrotra
99.49%
Robert E. Moritz, Jr.
99.07%
Greg B. Penner
97.28%
Randall L. Stephenson
96.20%
Steuart Walton
99.36%
Proposal #2: Shareholders ratified the appointment of Ernst & Young LLP as Walmart’s Independent Accountants, with affirmative votes from approximately 97.50% of the shares voted. The Board of Directors recommended a vote for this proposal.
Proposal #3: Shareholders also voted to approve, on a non-binding, advisory basis, the compensation of Walmart’s named executive officers described in the company’s 2026 Proxy Statement, with approximately 95.90% of the participating shares voting in favor of this proposal. The Board of Directors had recommended that shareholders vote for this proposal.
Proposal #4: Shareholders also voted to approve an amendment to Walmart’s Restated Certificate of Incorporation to limit the personal liability of certain Walmart officers as permitted by Section 102(b)(7) of the General Corporation Law of the State of Delaware, with approximately 77.19% of the Company’s outstanding shares voting in favor of this proposal. The Board of Directors had recommended that shareholders vote for this proposal.
Four shareholder proposals were presented during the meeting and failed to receive affirmative votes from a majority of the total shares that were voted, and accordingly, did not pass.
Proposal #5: Request for Cumulative Voting for Board Elections: Received approximately 1.87% of the shares that were voted
Proposal #6: Report on Workplace Health and Safety Governance: Received approximately 6.63% of the shares that were voted
Proposal #7: Report on Immigration Policy and Enforcement: Received approximately 4.26% of the shares that were voted
Proposal #8: Report on Workplace Impact of AI and Automation: Received approximately 4.95% of the shares that were voted
The official voting results for each item voted on by shareholders will be disclosed in a report filed with the Securities and Exchange Commission.
About Walmart
Walmart Inc. (Nasdaq: WMT) is a people-led, tech-powered omnichannel retailer helping people save money and live better - anytime and anywhere - in stores, online, and through their mobile devices. Each week, approximately 280 million customers and members visit more than 10,900 stores and numerous eCommerce websites in 19 countries. With fiscal year 2026 revenue of $713 billion, Walmart employs approximately 2.1 million 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, on X (formerly known as Twitter) at x.com/walmart, and on LinkedIn at linkedin.com/company/walmart.
