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Shishir Mehrotra joins Walmart (NYSE: WMT) board with prorated pay

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Walmart Inc. reported that its Board of Directors appointed Shishir Mehrotra, age 46, as a director effective January 8, 2026. He will serve on the Board’s Compensation and Management Development Committee and the Technology and eCommerce Committee. The company states there is no arrangement or understanding with any other person or entity under which he was appointed.

As a non-management director, Mr. Mehrotra will receive a prorated portion of the $230,000 annual stock award and a prorated portion of the $115,000 annual retainer for the term ending at Walmart’s 2026 Annual Shareholders’ Meeting. The annual retainer is paid quarterly in arrears, and he may elect to receive it in cash or Walmart common stock, defer in stock units, defer in cash in an interest-bearing account, or use any combination of these options. Walmart also furnished a press release dated January 8, 2026 as an exhibit announcing his appointment.

Positive

  • None.

Negative

  • None.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.

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FAQ

What board change did Walmart (WMT) disclose in this filing?

Walmart disclosed that its Board of Directors appointed Shishir Mehrotra as a director effective January 8, 2026. He joins as a non-management director for the term ending at Walmart’s 2026 Annual Shareholders’ Meeting.

Which Walmart (WMT) board committees will Shishir Mehrotra serve on?

Shishir Mehrotra has been appointed to Walmart’s Compensation and Management Development Committee and the Technology and eCommerce Committee of the Board.

How is Walmart compensating Shishir Mehrotra as a director?

Upon joining the Board, Shishir Mehrotra became entitled to a prorated portion of the $230,000 annual stock award and a prorated portion of the $115,000 annual retainer paid to non-management directors for the current term.

In what form can Shishir Mehrotra receive his Walmart director retainer?

The annual retainer, paid quarterly in arrears, may be received in cash or Walmart common stock, deferred in stock units, deferred in cash in an interest-bearing account, or received in any combination of these forms.

Did Walmart (WMT) disclose any arrangements behind Shishir Mehrotra’s appointment?

Walmart stated there is no arrangement or understanding between Shishir Mehrotra and any other persons or entities pursuant to which he was appointed as a director.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
________________________

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (date of earliest event reported)
January 8, 2026
Walmart Inc.
(Exact name of registrant as specified in its charter)
DE
001-06991
71-0415188
(State or other jurisdiction of incorporation or organization)
(Commission File Number)
(I.R.S. Employer Identification No.)
1 Customer Drive
Bentonville, AR 72716
(Address of Principal Executive Offices) (Zip code)

Registrant's telephone number, including area code: (479) 273-4000


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.10 per shareWMTThe Nasdaq Stock Market LLC
2.550% Notes due 2026WMT26The Nasdaq Stock Market LLC
1.050% Notes due 2026WMT26AThe Nasdaq Stock Market LLC
1.500% Notes due 2028WMT28CThe Nasdaq Stock Market LLC
4.875% Notes due 2029WMT29BThe Nasdaq Stock Market LLC
5.750% Notes due 2030WMT30BThe Nasdaq Stock Market LLC
1.800% Notes due 2031WMT31AThe Nasdaq Stock Market LLC
5.625% Notes due 2034WMT34The Nasdaq Stock Market LLC
5.250% Notes due 2035WMT35AThe Nasdaq Stock Market LLC
4.875% Notes due 2039WMT39The Nasdaq Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective January 8, 2026, the Board of Directors (the "Board") of Walmart Inc. ("Walmart") appointed Shishir Mehrotra, age 46, as a member of the Board. Mr. Mehrotra has also been appointed to the Compensation and Management Development Committee and the Technology and eCommerce Committee of the Board. There is no arrangement or understanding between Mr. Mehrotra and any other persons or entities pursuant to which Mr. Mehrotra was appointed as a director.
Upon his appointment to the Board, Mr. Mehrotra became entitled to a prorated portion of the non-management directors’ compensation for the term ending on the date of Walmart’s 2026 Annual Shareholders’ Meeting. The components of Walmart’s non-management director compensation were disclosed in Walmart’s proxy statement dated April 24, 2025, relating to the Annual Shareholders’ Meeting held on June 5, 2025, and as slightly modified by the Board on June 5, 2025 for the annual amounts. As part of his non-management director compensation, on January 8, 2026, Mr. Mehrotra received a prorated portion of the $230,000 annual stock award and will receive a prorated portion of the $115,000 annual retainer payable to non-management directors. The annual retainer will be paid quarterly in arrears through the 2026 Annual Shareholders’ Meeting, and Mr. Mehrotra may elect to receive these quarterly retainers in cash or Walmart common stock, defer in stock units, defer in cash in an interest-bearing account, or receive in any combination thereof.
A copy of the press release announcing Mr. Mehrotra’s appointment to the Board is attached as Exhibit 99.1 to this current report on Form 8-K and incorporated herein.
Item 9.01. Financial Statements and Exhibits.
(d)    Exhibits
The following document is furnished as an exhibit to this Current Report on Form 8-K:
99.1
Press Release dated January 8, 2026, announcing appointment of Shishir Mehrotra to the Board of Walmart
Exhibit 104Cover Page Interactive Data File (formatted as Inline XBRL).


SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: January 8, 2026
WALMART INC.
By:/s/ Gordon Y. Allison
Name:Gordon Y. Allison
Title:Senior Vice President, Office of the Corporate Secretary, and Chief Counsel for Finance and Corporate Governance



Source: View Original Filing on SEC EDGAR