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Wal-Mart 8-K 2016

Documents found in this filing:

  1. 8-K
  2. 8-K
Document



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 or 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
June 3, 2016
Wal-Mart Stores, Inc.
(Exact name of registrant as specified in its charter)
Delaware
001-06991
71-0415188
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
 
702 S.W. 8th Street
Bentonville, Arkansas 72716
(Address of principal executive offices) (Zip code)
Registrant’s telephone number, including area code:
(479) 273-4000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))





Item 5.07. Submission of Matters to a Vote of Security Holders
The Annual Shareholders’ Meeting (the “Meeting”) of Wal-Mart Stores, Inc. (the “Company”) was held on June 3, 2016 in Fayetteville, Arkansas. As of the close of business on April 8, 2016, the record date for the Meeting, there were 3,138,772,275 shares of the Company’s common stock outstanding, with each share entitled to one vote. The holders of 2,915,881,446 shares of the Company’s common stock were present in person or represented by proxy at the Meeting. At the Meeting, the Company’s shareholders voted on the matters set forth below.

Election of Directors
The Company’s shareholders elected for one-year terms all twelve persons nominated for election as directors as set forth in the Company’s proxy statement dated April 20, 2016. The following table sets forth the vote of the shareholders at the meeting with respect to the election of directors:
Nominee
 
For
 
Against
 
Abstain
 
Broker Non-Votes
James I. Cash, Jr.
 
2,600,498,164
 
77,051,749
 
1,810,138
 
236,521,395
Pamela J. Craig
 
2,629,026,709
 
48,630,734
 
1,702,608
 
236,521,395
Timothy P. Flynn
 
2,629,112,355
 
48,431,158
 
1,816,538
 
236,521,395
Thomas W. Horton
 
2,671,268,116
 
6,273,195
 
1,818,740
 
236,521,395
Marissa A. Mayer
 
2,530,688,953
 
146,900,938
 
1,770,160
 
236,521,395
C. Douglas McMillon
 
2,665,978,957
 
11,606,968
 
1,774,126
 
236,521,395
Gregory B. Penner
 
2,619,986,969
 
57,561,384
 
1,811,698
 
236,521,395
Steven S Reinemund
 
2,549,230,623
 
128,268,081
 
1,861,347
 
236,521,395
Kevin Y. Systrom
 
2,540,122,104
 
137,390,427
 
1,847,520
 
236,521,395
S. Robson Walton
 
2,551,475,123
 
126,198,882
 
1,686,046
 
236,521,395
Steuart L. Walton
 
2,624,872,775
 
52,767,234
 
1,720,042
 
236,521,395
Linda S. Wolf
 
2,534,876,697
 
142,728,271
 
1,755,083
 
236,521,395

Company Proposals
Advisory Vote on Executive Compensation. The Company’s shareholders voted upon and approved, by nonbinding, advisory vote, the compensation of the Company’s named executive officers, as described in the Company’s proxy statement dated April 20, 2016. The votes on this proposal were as follows:
For
 
Against
 
Abstain
 
Broker Non-Votes
2,272,025,485
 
402,606,704
 
4,727,862
 
236,521,395
    
2016 Associate Stock Purchase Plan. The Company’s shareholders voted upon and approved the Wal-Mart Stores, Inc. 2016 Associate Stock Purchase Plan. The votes on this proposal were as follows:
For
 
Against
 
Abstain
 
Broker Non-Votes
2,661,833,994
 
14,574,198
 
2,951,859
 
236,521,395

Ratification of Independent Accountants.  The Company’s shareholders voted upon and approved the ratification of the appointment of Ernst & Young LLP to serve as the Company’s independent registered accountants for the fiscal year ending January 31, 2017. The votes on this proposal were as follows:
For
 
Against
 
Abstain
2,901,090,937
 
11,865,748
 
2,924,761

There were no broker non-votes with respect to this proposal.






Shareholder Proposals
The Company’s shareholders voted upon and rejected a shareholder proposal regarding a policy that the chairman of the Company’s board of directors be independent. The votes on this proposal were as follows:
For
 
Against
 
Abstain
 
Broker Non-Votes
396,909,819
 
2,237,552,918
 
44,897,314
 
236,521,395

The Company’s shareholders voted upon and rejected a shareholder proposal requesting an annual report from the Compensation, Nominating and Governance Committee of the Company’s board of directors regarding the Company’s incentive compensation programs. The votes on this proposal were as follows:
For
 
Against
 
Abstain
 
Broker Non-Votes
253,176,260
 
2,380,812,752
 
45,371,039
 
236,521,395

The Company’s shareholders voted upon and rejected a shareholder proposal requesting that the Company’s board of directors review the Company’s guidelines for selecting countries and regions where the Company conducts operations and report criteria for operating in and withdrawing from high-risk regions. The votes on this proposal were as follows:
For
 
Against
 
Abstain
 
Broker Non-Votes
18,560,978
 
2,492,734,631
 
168,064,442
 
236,521,395

    

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: June 7, 2016
WAL-MART STORES, INC.
 
 
 
 
By:
/s/ Gordon Y. Allison
 
Gordon Y. Allison
 
Vice President and General Counsel, Corporate



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