Target Announces Voting Results from 2016 Annual Meeting of Shareholders

MINNEAPOLIS--(BUSINESS WIRE)-- Target Corporation (NYSE: TGT) today announced voting results from its 2016 Annual Meeting of Shareholders. Shareholders elected 14 members of the board of directors, ratified the appointment of Target’s independent registered public accounting firm, approved the “Say on Pay” management proposal and rejected one shareholder proposal.

The Carideo Group, the independent Inspector of Elections, has certified all voting results for the Annual Meeting, held today. The final tabulation indicates that approximately 536 million shares were voted, representing 90.0 percent of outstanding shares.

The final tabulation of votes for each proposal is as follows:

1. Shareholders elected each of the following board nominees for a one-year term by a majority of the votes cast:

Nominee				Percent For				Percent Against
Roxanne S. Austin				98.4				1.6
Douglas M. Baker, Jr.				95.6				4.4
Brian C. Cornell				95.8				4.2
Calvin Darden				98.5				1.5
Henrique De Castro				99.2				0.8
Robert L. Edwards				99.4				0.6
Melanie L. Healy				99.4				0.6
Donald R. Knauss				99.4				0.6
Monica C. Lozano				99.4				0.6
Mary E. Minnick				98.6				1.4
Anne M. Mulcahy				95.7				4.3
Derica W. Rice				99.3				0.7
Kenneth L. Salazar				98.7				1.3
John G. Stumpf				95.6				4.4

2. Shareholders ratified the appointment of Ernst & Young LLP as Target’s independent registered accounting firm for fiscal 2016:

				Percent
For				98.2
Against				1.5
Abstain				0.3

3. Shareholders approved, on a non-binding advisory basis, Target’s executive compensation (“Say-on-Pay”):

				Percent
For				96.4
Against				3.6

4. Shareholders did not approve a shareholder proposal to report on criteria for selecting countries for operations:

				Percent
For				3.2
Against				78.7
Abstain				18.1

For purposes of determining the level of support needed for a shareholder to be eligible to resubmit a shareholder proposal in a following year the U.S. Securities and Exchange Commission uses a simple majority standard. Under that simple majority standard Item 4 received support of 3.8%.

About Target

Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,793 stores and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, which today equals more than $4 million a week. For more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit Target.com/abullseyeview or follow @TargetNews on Twitter.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160608006432/en/

Target Corporation
John Hulbert, Investors, 612-761-6627
or
Erin Conroy, Media, 612-761-5928
or
Target Media Hotline, 612-696-3400

Source: Target Corporation

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