Target shareholders vote on directors, exec compensation
Investors in Target Corp. decided on several important issues at the retailer’s 2016 annual meeting.
Shareholders elected 14 members of the board of directors, ratified the appointment of Target’s independent registered public accounting firm, approved proposal on compensation for executives and rejected one shareholder proposal.
Each of the following directors was elected to a one-year term with a majority vote of 95% or more: Roxanne S. Austin, Douglas M. Baker Jr., Brian C. Cornell, Calvin Darden, Henrique De Castro, Robert L. Edwards, Melanie L. Healy, Donald R. Knauss, Monica C. Lozano, Mary E. Minnick, Derica W. Rice, Kenneth L. Salazar, and John G. Stumpf.
Shareholders also ratified the appointment of Ernst & Young LLP as Target’s independent registered accounting firm for fiscal 2016 and approved, on a non-binding advisory basis, the retailer’s executive compensation. A shareholder proposal to report on criteria for selecting countries for operations was not ratified.