Target Announces Voting Results from 2018 Annual Meeting of Shareholders

MINNEAPOLIS, June 14, 2018 /PRNewswire/ -- Target Corporation (NYSE:TGT) today announced voting results from its 2018 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 13, 2018. The final tabulation indicates that approximately 481 million shares were voted, representing 89.8 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
Roxanne S. Austin	96.5	3.5
Douglas M. Baker, Jr.	98.3	1.7
Brian C. Cornell	96.3	3.7
Calvin Darden	97.6	2.4
Henrique De Castro	99.5	0.5
Robert L. Edwards	99.3	0.7
Melanie L. Healy	99.1	0.9
Donald R. Knauss	99.2	0.8
Monica C. Lozano	99.5	0.5
Mary E. Minnick	97.1	2.9
Kenneth L. Salazar	98.9	1.1
Dmitri L. Stockton	99.4	0.6

2. Shareholders ratified the appointment of Ernst & Young LLP as Target's independent registered accounting firm for fiscal 2017:

	Percent
For	96.1
Against	3.7
Abstain	0.3

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

	Percent
For	94.9
Against	5.1

4. Shareholders did not approve a non-binding shareholder proposal to adopt a policy for an independent chairman:

	Percent
For	28.2
Against	71.0
Abstain	0.8

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 28.4%.

About Target

Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,829 stores and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, which today equals millions of dollars a week. 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

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