Target Announces Voting Results from 2020 Annual Meeting of Shareholders

MINNEAPOLIS, June 11, 2020 /PRNewswire/ -- Target Corporation (NYSE:TGT) today announced voting results from its 2020 Annual Meeting of Shareholders. Shareholders elected 11 members of the board of directors, ratified the appointment of Target's independent registered public accounting firm, approved the "Say on Pay" management proposal and approved the Target Corporation 2020 Long-Term Incentive Plan.

The Carideo Group, the independent Inspector of Elections, has certified all voting results for the Annual Meeting, held on June 10, 2020. The final tabulation indicates that approximately 442,601,633 million shares were voted, representing 88.6 percent of outstanding shares.

The final tabulation of votes for each proposal is as follows:

1. Shareholders elected each of the following board nominees for a one-year term by a majority of the votes cast:

Nominee

Percent For

Percent Against

Douglas M. Baker, Jr.

97.9

2.1

George S. Barrett

99.5

0.5

Brian C. Cornell

93.8

6.2

Calvin Darden

96.2

3.8

Robert L. Edwards

99.3

0.7

Melanie L. Healey

99.1

0.9

Donald R. Knauss

99.5

0.5

Monica C. Lozano

99.3

0.7

Mary E. Minnick

96.1

3.9

Kenneth L. Salazar

97.9

2.1

Dmitri L. Stockton

98.9

1.1

2. Shareholders ratified the appointment of Ernst & Young LLP as Target's independent registered accounting firm for fiscal 2020:


Percent

For

94.2

Against

5.6

Abstain

0.2

3. Shareholders approved, on a non-binding advisory basis, Target's executive compensation ("Say on Pay"):


Percent

For

93.6

Against

6.4

4. Shareholders approved the Target Corporation 2020 Long-Term Incentive Plan.


Percent

For

93.7

Against

5.9

Abstain

0.4

About Target

Minneapolis-based Target Corporation (NYSE: TGT) serves guests at nearly 1,900 stores and at Target.com. Since 1946, Target has given 5% of its profit to communities, which today equals millions of dollars a week. For the latest store count or for more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit Target.com/abullseyeview or follow @TargetNews on Twitter.

Target Logo (PRNewsfoto/Target Corporation)

 

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SOURCE Target Corporation

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