MINNEAPOLIS, June 10, 2021 /PRNewswire/ -- Target Corporation (NYSE:TGT) today announced voting results from its 2021 Annual Meeting of Shareholders. Shareholders elected 12 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 rejected one shareholder proposal.

The Carideo Group, the independent Inspector of Elections, has certified all voting results for the Annual Meeting, held on June 9, 2021. The final tabulation indicates that approximately 428,260,798 million shares were voted, representing 86.1 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:

2. Shareholders ratified the appointment of Ernst & Young LLP as Target's independent registered accounting firm for fiscal 2021:

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

4. Shareholders did not approve a non-binding shareholder proposal to amend the proxy access bylaw to remove the shareholder group limit:

For purposes of determining the level of support needed for a shareholder to be eligible to resubmit a shareholder proposal in a following year the U.S. Securities and Exchange Commission uses a simple majority standard. Under that simple majority standard Item 4 received support of 38.6%.

About Target

Minneapolis-based Target Corporation (NYSE: TGT) serves guests at more than 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.

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SOURCE Target Corporation

John Hulbert, Investors, (612) 761-6627, or Erin Conroy, Media, (612) 761-5928, Target Media Hotline, (612) 696-3400