Walmart shareholders approve all company proposals at annual meeting

Walmart Inc. (NASDAQ: WMT) announced voting results from its annual shareholders meeting, with approximately 89.88% of outstanding shares represented at the gathering.

Shareholders approved all four company-sponsored proposals. The election of 11 director nominees received approval, with each nominee receiving affirmative votes from at least 96.20% of shares voted. Notable directors include CEO John Furner, who received 99.38% approval, and board chairman Greg B. Penner with 97.28%.

Shareholders ratified Ernst & Young LLP as the company's independent accountants with 97.50% support. Executive compensation received advisory approval from 95.90% of voting shares. An amendment to limit personal liability of certain officers under Delaware law passed with 77.19% of outstanding shares voting in favor.

Four shareholder-sponsored proposals failed to receive majority support. A request for cumulative voting in board elections received only 1.87% approval. Proposals requesting reports on workplace health and safety governance, immigration policy enforcement, and workplace impact of artificial intelligence received 6.63%, 4.26%, and 4.95% support respectively.

During the meeting, CEO Furner highlighted the company's fiscal 2026 performance and omnichannel retail model. He noted investments in associate wages, benefits and technology initiatives. "The business has changed a lot since Sam Walton opened the first Walmart, and it has changed a lot since I started in the garden center. But what hasn't changed is that it's our people who make the difference," Furner stated.

The company reported fiscal 2026 revenue of $713 billion and employs approximately 2.1 million associates worldwide. Official voting results will be filed with the Securities and Exchange Commission.

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