Walmart Announces 2013 Annual Shareholders’ Meeting Voting Results

BENTONVILLE, Ark., June 10, 2013 -- Wal-Mart Stores, Inc. (NYSE: WMT) today announced shareholder voting results for its Annual Shareholders’ Meeting held June 7. Approximately 91.9 percent of outstanding shares were represented at the meeting. 

The company reported that shareholders approved the election of each of Walmart’s 14 director nominees. Each director received affirmative votes from approximately 87.77 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 

Aida M. Alvarez 

95.26% 

4.74% 

James I. Cash, Jr. 

96.79% 

3.21% 

Roger C. Corbett 

99.25% 

0.75% 

Douglas N. Daft 

98.39% 

1.61% 

Michael T. Duke 

87.89% 

12.11% 

Timothy P. Flynn 

99.51% 

0.49% 

Marissa A. Mayer 

97.86% 

2.14% 

Gregory B. Penner 

97.31% 

2.69% 

Steven S Reinemund 

96.52% 

3.48% 

H. Lee Scott, Jr. 

91.67% 

8.33% 

Jim C. Walton 

96.52% 

3.48% 

S. Robson Walton 

89.93% 

10.07% 

Christopher J. Williams 

87.77% 

12.23% 

Linda S. Wolf 

98.12% 

1.88% 

Shareholders also ratified Ernst & Young LLP as Walmart’s independent accountants, with affirmative votes from approximately 99.4 percent of the shares that were represented at the meeting and entitled to vote. 

Shareholders voted to approve, on an advisory basis, the compensation of Walmart’s named executive officers described in Walmart’s 2013 proxy statement, with approximately 98.4 percent of the shares present in person or represented by proxy voting in favor of this proposal. In each of the three years shareholders have had an opportunity to vote on the compensation of Walmart’s named executive officers, more than 98% of the shares have been voted in favor of this proposal. The Board of Directors had recommended a vote for this proposal. Shareholders voted to approve the Wal-Mart Stores, Inc. Management Incentive Plan, as amended, with approximately 98.7 percent of the shares present in person or represented by proxy voting in favor of this proposal. The Board of Directors had also recommended a vote for this proposal. 

The four 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 5 – Special shareowner meeting right: approximately17.5 percent of the shares that were represented at the meeting and entitled to vote. 
  • Proposal 6 – Equity retention requirement: approximately 7.0 percent of the shares that were represented at the meeting and entitled to vote. 
  • Proposal 7 – Independent chairman: approximately 14.4 percent of the shares that were represented at the meeting and entitled to vote. 
  • Proposal 8 – Request for annual report on recoupment of executive pay: approximately 14.7 percent of the shares that were represented at the meeting and entitled to vote. 

The official voting results for each of these proposals will be disclosed in a report to be filed later this week with the Securities and Exchange Commission. 

About Walmart 
Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world save money and live better – anytime and anywhere – in retail stores, online, and through their mobile devices. Each week, more than 245 million customers and members visit our more than 10,800 stores under 69 banners in 27 countries and e-commerce websites in 10 countries. With fiscal year 2013 sales of approximately $466 billion, Walmart employs more than 2.2 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 corporate.walmart.com, on Facebook at facebook.com/walmart and on Twitter at twitter.com/walmartnewsroom. Online merchandise sales are available at walmart.com and samsclub.com

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