1. TGT shareholders elected all 12 board nominees for one-year terms. 2. Ernst & Young LLP was ratified as TGT's accounting firm for 2025. 3. Executive compensation proposal received 92.2% approval from shareholders. 4. A shareholder proposal on affirmative action was significantly rejected. 5. Approximately 86.1% of shares were voted at the annual meeting.
The outcomes of shareholder votes show strong support but lack immediate impact. Past annual meetings have seen similar results with minimal effect on stock prices.
The results of the meeting reflect governance stability, which is important for investor confidence.
The effects of the meeting's outcomes are likely to be immediate but not lasting; historical events suggest transient effects.
/PRNewswire/ -- Target Corporation (NYSE: TGT) today announced voting results from its 2025 Annual Meeting of Shareholders held on June 11, 2025 ("Annual Meeting"). Shareholders elected all 12 nominees for the board of directors, ratified the appointment of Target's independent registered public accounting firm, approved the advisory "Say on Pay" management proposal, and rejected one shareholder proposal.
The Carideo Group, the independent Inspector of Election, has certified all voting results for the Annual Meeting. The final tabulation indicates that 391,209,355 shares were voted, representing approximately 86.1 percent of Target's outstanding shares as of the record date.
| Nominee | Percent For | Percent Against |
|---|---|---|
| David P. Abney | 99.3 | 0.7 |
| Douglas M. Baker, Jr. | 97.0 | 3.0 |
| George S. Barrett | 96.8 | 3.2 |
| Gail K. Boudreaux | 99.2 | 0.8 |
| Brian C. Cornell | 91.0 | 9.0 |
| Robert L. Edwards | 99.0 | 1.0 |
| Donald R. Knauss | 98.8 | 1.2 |
| Christine A. Leahy | 96.4 | 3.6 |
| Monica C. Lozano | 96.3 | 3.7 |
| Grace Puma | 99.4 | 0.6 |
| Derica W. Rice | 96.3 | 3.7 |
| Dmitri L. Stockton | 95.5 | 4.5 |
Percent
| For | 93.3 |
| Against | 6.4 |
| Abstain | 0.3 |
Percent
| For | 92.2 |
| Against | 7.8 |
Percent
| For | 7.1 |
| Against | 91.5 |
| Abstain | 1.4 |
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at nearly 2,000 stores and at Target.com, with the purpose of helping all families discover the joy of everyday life. Since 1946, Target has given 5% of its profit to communities, which today equals millions of dollars a week. Additional company information can be found by visiting the corporate website and press center.
SOURCE Target Corporation