Target shareholders elect 12 directors, approve amended 2020 incentive plan
At its June 10, 2026 annual meeting, Target's shareholders elected twelve directors for one-year terms, ratified Ernst & Young LLP as fiscal 2026 auditor, and approved the amended and restated 2020 Long-Term Incentive Plan. Three shareholder proposals on board chair independence, pesticides in private label brands, and plastic microfiber shedding were not approved.
Key points
- Director support ranged from 87.2% (Brian C. Cornell) to 99.1% (Michael J. Fiddelke) of votes cast For or Against.
- Shareholders approved the incentive plan with 95.0% For; the advisory vote on executive compensation received 89.0% For.
- Ernst & Young LLP was ratified as fiscal 2026 independent registered public accounting firm with 93.5% For.
- A proposal requiring an independent Board Chair received 38.1% For and 61.4% Against; the pesticide and microfiber proposals received 16.9% and 18.4% For.
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 12, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.