Target Announces Voting Results from 2020 Annual Meeting of Shareholders

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Jun 11, 2020, 17:00 ET

MINNEAPOLIS, June 11, 2020 /PRNewswire/ -- Target Corporation (NYSE:TGT) today announced voting results from its 2020 Annual Meeting of Shareholders. Shareholders elected 11 members of the board of directors, ratified the appointment of Target's independent registered public accounting firm, approved the "Say on Pay" management proposal and approved the Target Corporation 2020 Long-Term Incentive Plan.

The Carideo Group, the independent Inspector of Elections, has certified all voting results for the Annual Meeting, held on June 10, 2020. The final tabulation indicates that approximately 442,601,633 million shares were voted, representing 88.6 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
Douglas M. Baker, Jr.	97.9	2.1
George S. Barrett	99.5	0.5
Brian C. Cornell	93.8	6.2
Calvin Darden	96.2	3.8
Robert L. Edwards	99.3	0.7
Melanie L. Healey	99.1	0.9
Donald R. Knauss	99.5	0.5
Monica C. Lozano	99.3	0.7
Mary E. Minnick	96.1	3.9
Kenneth L. Salazar	97.9	2.1
Dmitri L. Stockton	98.9	1.1

2. Shareholders ratified the appointment of Ernst & Young LLP as Target's independent registered accounting firm for fiscal 2020:

	Percent
For	94.2
Against	5.6
Abstain	0.2

3. Shareholders approved, on a non-binding advisory basis, Target's executive compensation ("Say on Pay"):

	Percent
For	93.6
Against	6.4

4. Shareholders approved the Target Corporation 2020 Long-Term Incentive Plan.

	Percent
For	93.7
Against	5.9
Abstain	0.4

About Target

Minneapolis-based Target Corporation (NYSE: TGT) serves guests at nearly 1,900 stores and at Target.com. Since 1946, Target has given 5% of its profit to communities, which today equals millions of dollars a week. For the latest store count or for more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit Target.com/abullseyeview or follow @TargetNews on Twitter.

SOURCE Target Corporation