MINNEAPOLIS--(BUSINESS WIRE)--Jun. 12, 2013--
Target Corporation (NYSE:TGT) held its annual meeting of shareholders
earlier today. Gregg Steinhafel, chairman, president and CEO, provided
an overview of the company’s record 2012 performance and highlighted
several of the company’s key initiatives for continued growth. A
majority of Target shareholders who voted supported the board’s
recommendation on each of the five proxy proposals. Preliminary results
are as follows:
Shareholders elected each of the 12 board nominees for a one-year term
by an overwhelming majority of the votes cast.
2. Shareholders overwhelmingly ratified the appointment of Ernst & Young
LLP as the Independent Registered Accounting Firm for 2013.
3. Shareholders approved a non-binding advisory vote on executive
Shareholders did not approve a proposal to adopt a policy for an
5. Shareholders did not approve a proposal on electronics recycling.
“At Target, we have a long-standing commitment to strong corporate
governance and take the feedback we receive from shareholders very
seriously,” said James A. Johnson, lead director of Target’s board. “We
appreciate the thoughtful and constructive discussions we have with our
shareholders on an ongoing basis. The board of directors will carefully
consider next steps and will work with management to evolve strategies
and practices with the best interests of shareholders in mind.”
Final voting tallies from this year’s annual meeting are subject to
certification by the company’s inspector of elections and will be filed
with the SEC within the next week.
An archive of the meeting webcast can be found at the company’s website
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,832
stores – 1,784 in the United States and 48 in Canada – and at
Target.com. Since 1946, Target has given 5 percent of its profit through
community grants and programs; today, that giving equals more than $4
million a week. For more information about Target’s commitment to
corporate responsibility, visit Target.com/corporateresponsibility.
For more information, visit Target.com/Investors.
Source: Target Corporation
John Hulbert, Investor Relations,
Amy Reilly, Financial Media, 612-761-6782
Media Hotline, 612-696-3400