This excerpt taken from the SWY 8-K filed May 27, 2005.
Safeway Inc. Announces Preliminary Results of 2005 Stockholder Vote
Pleasanton, CA May 26, 2005 The Board of Directors of Safeway Inc. (NYSE: SWY) announced the preliminary results of its stockholder vote at the Companys Annual Meeting.
Stockholders elected all nine directors by over 95% and approved the appointment of Deloitte and Touche to serve as the Companys auditor for the 52-week year ending December 31, 2005. Stockholders also voted on eight stockholder resolutions presented at the meeting. Consistent with the Board of Directors recommendation, all eight proposals were defeated by the following approximate vote percentages:
All figures are expressed in terms of percentages of the shares voted. The Company stated that final vote totals would be filed with its second quarter Form 10-Q in late July.
We are encouraged by this vote of shareholder confidence and support, said Steve Burd Chairman, President and CEO. We have taken significant steps to strengthen our corporate governance over the past few years and will continue to proactively make changes that we believe can positively impact shareholder value.
Safeway Inc. is a Fortune 50 company and one of the largest food and drug retailers in North America based on sales. The company operates 1,801 stores in the United States and Canada and had annual sales of $35.8 billion in 2004. The companys common stock is traded on the New York Stock Exchange under the symbol SWY.