BENTONVILLE, Ark., Jun 04, 2012 (BUSINESS WIRE) -- Wal-Mart Stores, Inc. WMT +0.25%
today announced shareholder voting results for its Annual Shareholders' Meeting held June 1. Approximately 91.6 percent of outstanding shares were represented at the meeting.
The company reported that shareholders approved the election of each of Walmart's 16 director nominees. Each director received affirmative votes from approximately 84.35 percent or more of the shares voted, excluding abstentions and broker non-votes, as follows (all percentages are rounded to the nearest 1/100 of 1 percent): Director Nominee For Against
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Aida M. Alvarez 96.21% 3.79%
James W. Breyer 98.13% 1.87%
M. Michele Burns 93.74% 6.26%
James I. Cash, Jr. 96.28% 3.72%
Roger C. Corbett 99.05% 0.95%
Douglas N. Daft 98.76% 1.24%
Michael T. Duke 86.93% 13.07%
Marissa A. Mayer 99.34% 0.66%
Gregory B. Penner 97.10% 2.90%
Steven S Reinemund 98.89% 1.11%
H. Lee Scott, Jr. 84.35% 15.65%
Arne M. Sorenson 96.01% 3.99%
Jim C. Walton 96.78% 3.22%
S. Robson Walton 87.37% 12.63%
Christopher J. Williams 86.74% 13.26%
Linda S. Wolf 98.78% 1.22%
Shareholders also ratified Ernst & Young LLP as Walmart's independent accountants, with affirmative votes from approximately 99.2 percent of the shares that were represented at the meeting and entitled to vote.
Shareholders also voted to approve, on an advisory basis, the compensation of Walmart's named executive officers described in Walmart's 2012 proxy statement, with approximately 98.6 percent of the shares present in person or represented by proxy voting in favor of this proposal. The Board of Directors had recommended a vote for this proposal.
The three shareholder proposals, which the Board of Directors recommended against, failed to receive affirmative votes from a majority of the total shares that were represented at the meeting and entitled to vote and, accordingly, they were defeated. A report on the approximate percentages of the shares represented at the meeting that were voted in favor of each shareholder proposal follows:
-- Proposal 4 -- Political contributions report: approximately 15.8 percent of the shares that were represented at the meeting and entitled to vote.
-- Proposal 5 -- Director nomination policy: approximately 2.0 percent of the shares that were represented at the meeting and entitled to vote.
-- Proposal 6 -- Report regarding incentive compensation programs: approximately 9.3 percent of the shares that were represented at the meeting and entitled to vote.
The official voting results for each of these proposals are disclosed in a report filed today with the Securities and Exchange Commission.
Wal-Mart Stores, Inc. WMT +0.25%
serves customers and members more than 200 million times per week at 10,231 retail units under 69 different banners in 27 countries. With fiscal year 2012 sales of $444 billion, Walmart employs more than 2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting http://www.walmartstores.com
. SOURCE: Wal-Mart Stores, Inc.