Walmart Announces 2015 Annual Shareholders’ Meeting Voting Results

FAYETTEVILLE, Ark.–(BUSINESS WIRE)–Wal-Mart Stores, Inc. (NYSE: WMT) today announced shareholder voting
results for its Annual Shareholders’ Meeting held June 5. Approximately
93 percent of all outstanding shares were present or represented by
proxy at the meeting, the highest total since 2008.

The company reported that shareholders approved the election of each of
Walmart’s 15 director nominees. Each director nominee received
affirmative votes from approximately 92.79 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 95.48% 4.51%
James I. Cash, Jr. 94.47% 5.52%
Roger C. Corbett 98.06% 1.93%
Pamela J. Craig 95.54% 4.45%
Michael T. Duke 92.79% 7.20%
Timothy P. Flynn 97.11% 2.88%
Thomas W. Horton 97.25% 2.74%
Marissa A. Mayer 98.09% 1.90%
C. Douglas McMillon 98.11% 1.88%
Gregory B. Penner 98.02% 1.97%
Steven S Reinemund 98.06% 1.93%
Kevin Y. Systrom 98.17% 1.82%
Jim C. Walton 98.06% 1.93%
S. Robson Walton 95.06% 4.93%
Linda S. Wolf 99.13% 0.86%
 

Shareholders also ratified Ernst & Young LLP as Walmart’s independent
accountants, with affirmative votes from approximately 99.51 percent of
the shares that were present in person or represented by proxy 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 2015 proxy
statement, with approximately 95.97 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.

Shareholders also voted to approve Walmart’s amended and restated stock
incentive plan, with approximately 98.75 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 five 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 present or represented by proxy at the meeting
that were voted in favor of each shareholder proposal follows:

  • Proposal 5 – Request for annual report on recoupment of executive pay:
    approximately 15.52 percent of the shares that were present or
    represented by proxy at the meeting and entitled to vote.
  • Proposal 6 – Proxy access for shareholders: approximately 17.18
    percent of the shares that were present or represented by proxy at the
    meeting and entitled to vote.
  • Proposal 7 – Report on greenhouse gas emissions from international
    marine shipping: approximately 1.62 percent of the shares that were
    present or represented by proxy at the meeting and entitled to vote.
  • Proposal 8 – Request for annual report regarding incentive
    compensation plans: approximately 8.79 percent of the shares that were
    present or represented by proxy at the meeting and entitled to vote.
  • Proposal 9 – Independent chairman policy: approximately 16.13 percent
    of the shares that were present or represented by proxy 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 no later than June 10 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, nearly 260 million
customers and members visit our 11,489 stores under 65 banners in 28
countries and e-commerce websites in 11 countries. With fiscal year 2015
revenue of $485.7 billion, Walmart employs approximately 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 http://corporate.walmart.com
on Facebook at http://facebook.com/walmart
and on Twitter at http://twitter.com/walmart.

Contacts

Wal-Mart Stores, Inc.
Media Relations:
Randy
Hargrove, 800-331-0085
or
Investor Relations:
Carol
Schumacher, 479-277-1498