Target Shareholders Re-elect Board and Reject External Proposals

With 86.4 percent of outstanding shares cast at the June 10 annual meeting, Target Corporation investors signaled strong support for current management. While the board of directors won re-election by comfortable margins, shareholders simultaneously turned back three distinct proposals regarding corporate governance and environmental reporting.

The Carideo Group, acting as the independent Inspector of Election, certified the results confirming the successful re-election of all 12 board nominees. Brian C. Cornell and his colleagues secured their one-year terms, with Michael J. Fiddelke leading the group in support at 99.1 percent. Investors also ratified Ernst & Young LLP as the firm's independent auditor for fiscal 2026 and greenlit the Amended and Restated 2020 Long-Term Incentive Plan with 95 percent approval.

Management’s advisory "Say on Pay" proposal for executive compensation passed with 89 percent support. Conversely, the shareholder base proved resistant to proposed shifts in operational and governance reporting. A push to mandate an independent Board Chair failed with 61.4 percent voting against the change. Similarly, requests for reports on private-label pesticide presence and plastic microfiber shedding were rejected by significant margins, with 81.6 percent and 80.3 percent of the vote respectively opposing those measures.