2020-06-03 00:00:00, , Corporate – US
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(NYSE: WMT) today announced shareholder voting results for its Formal Business and Annual Shareholders' Meeting, which was conducted by a virtual meeting due to the public health impact from the coronavirus outbreak (COVID-19).
The Board of Directors had recommended a vote against each of the four shareholder proposals, and each proposal failed to receive affirmative votes from a majority of the total participating and entitled shares that were represented at the meeting and, accordingly, did not pass.
During the business meeting, Walmart President and CEO Doug McMillon commented, "Despite operating in a difficult and volatile environment, our associates have been amazing.
Shareholders also voted to approve an Amendment to the ASDA Sharesave Plan, making available an additional 10 million Shares to be available for issuance under the plan, with approximately 98.1 percent of the participating shares voting in favor of this proposal.
Each week, over 265 million customers and members visit approximately 11,500 stores under 56 banners in 27 countries and eCommerce websites.
Keywords
Waltons, Board of Directors
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