Target Corporation Reports Successful 2025 Annual Meeting Outcomes
Minneapolis, MN – Target Corporation (NYSE: TGT) has announced the results of its 2025 Annual Meeting of Shareholders, which took place on June 11, 2025. The meeting yielded a strong mandate from shareholders, with all 12 board nominees elected, the appointment of the independent accounting firm ratified, and the advisory "Say on Pay" management proposal approved.
1. Comprehensive Voting Results
The meeting was overseen by The Carideo Group, the independent Inspector of Election, who certified the results. A total of 391,209,355 shares were voted, representing approximately 86.1% of Target's outstanding shares as of the record date.
Board of Directors Elections
Shareholders voted overwhelmingly in favor of all nominated candidates for the board of directors, each selected for a one-year term. The voting breakdown is as follows:
| Nominee | Percent For | Percent Against |
|---|---|---|
| David P. Abney | 99.3 | 0.7 |
| Douglas M. Baker, Jr. | 97.0 | 3.0 |
| George S. Barrett | 96.8 | 3.2 |
| Gail K. Boudreaux | 99.2 | 0.8 |
| Brian C. Cornell | 91.0 | 9.0 |
| Robert L. Edwards | 99.0 | 1.0 |
| Donald R. Knauss | 98.8 | 1.2 |
| Christine A. Leahy | 96.4 | 3.6 |
| Monica C. Lozano | 96.3 | 3.7 |
| Grace Puma | 99.4 | 0.6 |
| Derica W. Rice | 96.3 | 3.7 |
| Dmitri L. Stockton | 95.5 | 4.5 |
Ratification of Independent Accounting Firm
In a significant expression of confidence, shareholders ratified the appointment of Ernst & Young LLP as Target's independent registered accounting firm for fiscal 2025, with 93.3% of votes in favor.
| Percent | |
|---|---|
| For | 93.3 |
| Against | 6.4 |
| Abstain | 0.3 |
Approval of Executive Compensation
Shareholders also approved the advisory "Say on Pay" proposal, which pertains to executive compensation, with 92.2% voting in favor of the management's recommendation.
| Percent | |
|---|---|
| For | 92.2 |
| Against | 7.8 |
Rejection of Shareholder Proposal
In a separate matter, shareholders overwhelmingly rejected a proposal requesting a report on the impact of affirmative action initiatives on Target’s risks related to discrimination. The proposal garnered only 7.1% approval.
| Percent | |
|---|---|
| For | 7.1 |
| Against | 91.5 |
| Abstain | 1.4 |
2. A Commitment to Community
Target Corporation, headquartered in Minneapolis, has a long-standing commitment to community service, having contributed 5% of its profits to local communities since 1946, equating to millions of dollars weekly. The company operates nearly 2,000 stores and a robust online presence at Target.com, focusing on enriching the lives of families across the nation.
3. Looking Ahead
As Target moves forward post-Annual Meeting, the reaffirmation of its board and the approval of key proposals signal strong shareholder confidence in the company’s leadership and strategic direction. The outcomes are poised to support Target's ongoing initiatives aimed at enhancing customer experiences and community engagement.
For further information on the meeting results and Target's future plans, stakeholders are encouraged to visit the company's corporate website and press center.
