Target Announces Voting Results from 2015 Annual Meeting of Shareholders

MINNEAPOLIS--(BUSINESS WIRE)-- Target Corporation (NYSE: TGT) today announced voting results from its 2015 Annual Meeting of Shareholders. Shareholders elected 10 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 the Amended and Restated Target Corporation 2011 Long-Term Incentive Plan and rejected two shareholder proposals.

The Carideo Group, the independent Inspector of Elections, has certified all voting results for the Annual Meeting, held June 10. The final tabulation indicates that approximately 581 million shares were voted, representing 90.9 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			95.7			4.3
Douglas M. Baker, Jr.			96.5			3.5
Brian C. Cornell			96.7			3.3
Calvin Darden			97.7			2.3
Henrique De Castro			98.7			1.3
Mary E. Minnick			98.8			1.2
Anne M. Mulcahy			94.0			6.0
Derica W. Rice			99.2			0.8
Kenneth L. Salazar			98.3			1.7
John G. Stumpf			96.3			3.7

2. Shareholders ratified the appointment of Ernst & Young LLP as Target’s independent registered accounting firm for fiscal 2015:

			Percent
For			98.5
Against			1.0
Abstain			0.5

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

			Percent
For			96.6
Against			3.4

4. Shareholders approved the Amended and Restated Target Corporation 2011 Long-Term Incentive Plan:

			Percent
For			95.2
Against			4.0
Abstain			0.8

5. Shareholders did not approve a non-binding shareholder proposal to adopt a policy for an independent chairman:

			Percent
For			37.7
Against			61.5
Abstain			0.9

6. Shareholders did not approve a shareholder proposal to adopt a policy prohibiting discrimination “against” or “for” persons:

			Percent
For			2.9
Against			82.4
Abstain			14.7

About Target

Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,795 stores and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, that giving 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/20150612005794/en/

Target Corporation
John Hulbert, Investors, 612-761-6627
or
Jenna Reck, Media, 612-761-5829
or
Target Media Hotline, 612-696-3400

Source: Target Corporation

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