Walmart Announces 2015 Annual Shareholders’ Meeting Voting Results

FAYETTEVILLE, Ark., June 5, 2015 -- Wal-Mart Stores, Inc. (NYSE:WMT) today announced shareholder voting results for its Annual Shareholders’ Meeting held June 5. Approximately 93 percent of all outstanding shares were present or represented by proxy at the meeting, the highest total since 2008.

The company reported that shareholders approved the election of each of Walmart’s 15 director nominees. Each director nominee received affirmative votes from approximately 92.79 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

95.48%

4.51%

James I. Cash, Jr.

94.47%

5.52%

Roger C. Corbett

98.06%

1.93%

Pamela J. Craig

95.54%

4.45%

Michael T. Duke

92.79%

7.20%

Timothy P. Flynn

97.11%

2.88%

Thomas W. Horton

97.25%

2.74%

Marissa A. Mayer

98.09%

1.90%

C. Douglas McMillon

98.11%

1.88%

Gregory B. Penner

98.02%

1.97%

Steven S Reinemund

98.06%

1.93%

Kevin Y. Systrom

98.17%

1.82%

Jim C. Walton

98.06%

1.93%

S. Robson Walton

95.06%

4.93%

Linda S. Wolf

99.13%

0.86%

 

Shareholders also ratified Ernst & Young LLP as Walmart’s independent accountants, with affirmative votes from approximately 99.51 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 2015 proxy statement, with approximately 95.97 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.

Shareholders also voted to approve Walmart’s amended and restated stock incentive plan, with approximately 98.75 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 five 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 5 – Request for annual report on recoupment of executive pay: approximately 15.52 percent of the shares that were present or represented by proxy at the meeting and entitled to vote.
  • Proposal 6 – Proxy access for shareholders: approximately 17.18 percent of the shares that were present or represented by proxy at the meeting and entitled to vote.
  • Proposal 7 – Report on greenhouse gas emissions from international marine shipping: approximately 1.62 percent of the shares that were present or represented by proxy at the meeting and entitled to vote.
  • Proposal 8 - Request for annual report regarding incentive compensation plans: approximately 8.79 percent of the shares that were present or represented by proxy at the meeting and entitled to vote.
  • Proposal 9 – Independent chairman policy: approximately 16.13 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 no later than June 10 with the Securities and Exchange Commission.