Wal-Mart Stores, Inc. (NYSE: WMT) today announced shareholder voting results for its Annual Shareholders’ Meeting held June 6. Approximately 89.93 percent of all outstanding shares were present or represented by proxy at the meeting.
The company reported that shareholders approved the election of each of Walmart’s 14 director nominees. Each director nominee received affirmative votes from approximately 86.81 percent or more of the shares voted, excluding abstentions and broker non-votes, as follows (all percentages are rounded to the nearest 1/100 of 1 percent):
| Director Nominee | For | Against | ||||||||
| Aida M. Alvarez | 92.49% | 7.51% | ||||||||
| James I. Cash, Jr. | 94.01% | 5.99% | ||||||||
| Roger C. Corbett | 97.92% | 2.08% | ||||||||
| Pamela J. Craig | 95.78% | 4.22% | ||||||||
| Douglas N. Daft | 96.69% | 3.31% | ||||||||
| Michael T. Duke | 86.81% | 13.19% | ||||||||
| Timothy P. Flynn | 97.08% | 2.92% | ||||||||
| Marissa A. Mayer | 97.89% | 2.11% | ||||||||
| C. Douglas McMillon | 99.21% | 0.79% | ||||||||
| Gregory B. Penner | 97.50% | 2.50% | ||||||||
| Steven S Reinemund | 97.76% | 2.24% | ||||||||
| Jim C. Walton | 97.50% | 2.50% | ||||||||
| S. Robson Walton | 88.86% | 11.14% | ||||||||
| Linda S. Wolf | 96.33% | 3.67% |
Shareholders also ratified Ernst & Young LLP as Walmart’s independent accountants, with affirmative votes from approximately 99.54 percent of the shares that were present in person or represented by proxy at the meeting and entitled to vote.
Shareholders voted to approve, on an advisory basis, the compensation of Walmart’s named executive officers described in Walmart’s 2014 proxy statement, with approximately 86.41 percent of the shares present in person or represented by proxy voting in favor of this proposal. The Board of Directors had recommended a vote for this proposal.
The three shareholder proposals, which the Board of Directors recommended against, failed to receive affirmative votes from a majority of the total shares that were represented at the meeting and entitled to vote and, accordingly, they were defeated. A report on the approximate percentages of the shares present or represented by proxy at the meeting that were voted in favor of each shareholder proposal follows:
- Proposal 4 – Independent chairman policy: approximately 15.37 percent of the shares that were present or represented by proxy at the meeting and entitled to vote.
- Proposal 5 – Request for annual report on recoupment of executive pay: approximately 14.70 percent of the shares that were present or represented by proxy at the meeting and entitled to vote.
- Proposal 6 – Request for annual report on lobbying: approximately 10.99 percent of the shares that were present or represented by proxy at the meeting and entitled to vote.
The official voting results for each of these proposals will be disclosed in a report to be filed next week with the Securities and Exchange Commission.
About Walmart
Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world save money and live better -- anytime and anywhere -- in retail stores, online, and through their mobile devices. Each week, more than 250 million customers and members visit our 10,994 stores under 71 banners in 27 countries and e-commerce websites in 10 countries. With fiscal year 2014 sales of over $473 billion, Walmart employs more than 2 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 http://corporate.walmart.com on Facebook at http://facebook.com/walmart and on Twitter at http://twitter.com/walmart. Online merchandise sales are available at http://www.walmart.com and http://www.samsclub.com.
Contacts:
Media Relations Contact
Randy
Hargrove, 800-331-0085
or
Investor Relations Contact
Carol
Schumacher, 479-277-1498
