The company reported that shareholders approved the election of each of Walmart's 16 director nominees. Each director received affirmative votes from approximately 84.35 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):
|Aida M. Alvarez||96.21%||3.79%|
|James W. Breyer||98.13%||1.87%|
|M. Michele Burns||93.74%||6.26%|
|James I. Cash, Jr.||96.28%||3.72%|
|Roger C. Corbett||99.05%||0.95%|
|Douglas N. Daft||98.76%||1.24%|
|Michael T. Duke||86.93%||13.07%|
|Marissa A. Mayer||99.34%||0.66%|
|Gregory B. Penner||97.10%||2.90%|
|Steven S Reinemund||98.89%||1.11%|
|H. Lee Scott, Jr.||84.35%||15.65%|
|Arne M. Sorenson||96.01%||3.99%|
|Jim C. Walton||96.78%||3.22%|
|S. Robson Walton||87.37%||12.63%|
|Christopher J. Williams||86.74%||13.26%|
|Linda S. Wolf||98.78%||1.22%|
Shareholders also ratified
Shareholders also voted to approve, on an advisory basis, the compensation of Walmart's named executive officers described in Walmart's 2012 proxy statement, with approximately 98.6 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 represented at the meeting that were voted in favor of each shareholder proposal follows:
- Proposal 4 – Political contributions report: approximately 15.8 percent of the shares that were represented at the meeting and entitled to vote.
- Proposal 5 – Director nomination policy: approximately 2.0 percent of the shares that were represented at the meeting and entitled to vote.
- Proposal 6 – Report regarding incentive compensation programs: approximately 9.3 percent of the shares that were represented at the meeting and entitled to vote.
The official voting results for each of these proposals are disclosed in a report filed today with the
Wal-Mart Stores, Inc.
David Tovar, 800-331-0085
Carol Schumacher, 479-277-1498