Target Announces Voting Results from 2017 Annual Meeting of Shareholders

MINNEAPOLIS--(BUSINESS WIRE)-- Target Corporation (NYSE: TGT) today announced voting results from its 2017 Annual Meeting of Shareholders. Shareholders elected 12 members of the board of directors, ratified the appointment of Target’s independent registered public accounting firm, approved the “Say on Pay” management proposal, approved “1 Year” as the recommendation for the frequency of Say on Pay Votes and approved the Target Corporation Executive Officer Cash Incentive Plan.

The Carideo Group, the independent Inspector of Elections, has certified all voting results for the Annual Meeting, held on June 14, 2017. The final tabulation indicates that approximately 494 million shares were voted, representing 89.5 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			94.8			5.2
Douglas M. Baker, Jr.			86.0			14.0
Brian C. Cornell			94.5			5.5
Calvin Darden			97.7			2.3
Henrique De Castro			98.3			1.7
Robert L. Edwards			99.1			0.9
Melanie L. Healy			98.4			1.6
Donald R. Knauss			98.3			1.7
Monica C. Lozano			99.1			0.9
Mary E. Minnick			98.8			1.2
Derica W. Rice			99.0			1.0
Kenneth L. Salazar			98.8			1.2

2. Shareholders ratified the appointment of Ernst & Young LLP as Target’s independent registered accounting firm for fiscal 2017:

			Percent
For			96.3
Against			3.4
Abstain			0.3

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

			Percent
For			93.9
Against			6.1

4. Shareholders approved, on an advisory basis, a frequency of “1 Year” as the recommendation for the frequency of Say on Pay votes:

			Percent
1 Year			88.7
2 Years			0.5
3 Years			10.8

5. Shareholders approved the Target Corporation Executive Officer Cash Incentive Plan:

			Percent
For			96.0
Against			3.2
Abstain			0.7

About Target

Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,807 stores and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, which today equals millions of dollars 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/20170615006106/en/

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

Source: Target Corporation

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