Target Announces Voting Results from 2017 Annual Meeting of Shareholders

Target Corporation (NYSE:TGT) today announced voting results from its 2017 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, approved “1 Year” as the recommendation for the frequency of Say on Pay votes and approved the Target Corporation Executive Officer Cash Incentive Plan.
 
The Carideo Group, the independent Inspector of Elections, has certified all voting results for the Annual Meeting, held on June 14, 2017. The final tabulation indicates that approximately 494 million shares were voted, representing 89.5 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                      94.8                         5.2
Douglas M. Baker, Jr.                  86.0                        14.0
Brian C. Cornell                           94.5                        5.5
Calvin Darden                              97.7                        2.3
Henrique De Castro                     98.3                        1.7
Robert L. Edwards                       99.1                        0.9
Melanie L. Healy                          98.4                        1.6
Donald R. Knauss                        98.3                        1.7
Monica C. Lozano                        99.1                        0.9
Mary E. Minnick                           98.8                        1.2
Derica W. Rice                             99.0                        1.0
Kenneth L. Salazar                      98.8                         1.2
 
2. Shareholders ratified the appointment of Ernst & Young LLP as Target’s independent registered accounting firm for fiscal 2017:
 
            Percent
For        96.3
Against  3.4
Abstain  0.3
 
3. Shareholders approved, on a non-binding advisory basis, Target’s executive compensation (“Say on Pay”):
 
              Percent
For         93.9
Against   6.1
 
4. Shareholders approved, on an advisory basis, a frequency of “1 Year” as the recommendation for the frequency of Say on Pay votes:
 
               Percent
1 Year     88.7
2 Years     0.5
3 Years   10.8
 
5. Shareholders approved the Target Corporation Executive Officer Cash Incentive Plan:
 
               Percent
For          96.0
Against     3.2
Abstain     0.7
 
About Target
Minneapolis-based Target Corporation (NYSE:TGT) serves guests at 1,807 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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