This excerpt taken from the TGT DEFA14A filed May 8, 2009.
A One-Stop Shop for Target Proxy Information
Targets Annual Meeting of Shareholders on May 28, 2009, is fast approaching. And this year, as a company, we are in the midst of a proxy contest. As part of the contest, Target shareholders are being asked by our Board of Directors to:
· Vote to elect Target directors to our Board of Directors for three-year terms
· Determine that the number of directors constituting our Board of Directors shall be 12
· Ratify the appointment of Ernst & Young LLP as our independent registered public accounting firm, and
· Approve the performance measures available under the Target Corporation Long-Term Incentive Plan.
So what does this mean, exactly? Simply put, it means as a shareholder you should vote so that your voice is heard.
To help you as well as our other shareholders sort through all the information about the proxy contest and frequent mailings you are likely receiving at your home, you can now find a one-stop shop at Target.com/proxy. This new Web page, called Staying on Target, features the latest news and resources to help you stay informed about the proxy contest. It will be updated on a regular basis.
Team members who are shareholders may be receiving phone calls from Targets proxy solicitors offering guidance on voting the WHITE proxy card. You also may receive calls from Pershing Squares proxy solicitors.