UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported) June 12, 2013

 

Target Corporation

(Exact name of registrant as specified in its charter)

 

Minnesota

 

1-6049

 

41-0215170

(State or other jurisdiction of incorporation)

 

(Commission File Number)

 

(I.R.S. Employer Identification Shares)

 

1000 Nicollet Mall, Minneapolis, Minnesota 55403

(Address of principal executive offices, including zip code)

 

(612) 304-6073

(Registrant’s telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Item 5.07.             Submission of Matters to a Vote of Shareholders.

 

On June 12, 2013, Target Corporation (the “Company”) held its 2013 Annual Meeting of Shareholders (the “Annual Meeting”) to:  (1) elect directors for a one-year term; (2) ratify the appointment of Ernst & Young LLP as the Company’s independent registered accounting firm; (3) approve, on an advisory basis, the Company’s executive compensation; (4) vote on a shareholder proposal to adopt a policy for an independent chairman; and (5) vote on a shareholder proposal on electronics recycling.

 

At the close of business on April 15, 2013, the record date of the Annual Meeting, the Company had 641,534,501 shares of common stock issued and outstanding.  The holders of a total of 552,927,575 shares of common stock were present at the Annual Meeting, either in person or by proxy, which total constituted a majority of the issued and outstanding shares on the record date for the Annual Meeting.

 

The final voting results and the votes used to determine the results for each proposal (as indicated by the borders) are set forth below:

 

1.                                      The shareholders elected each of the following nominees for a one-year term:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For

 

Against

 

 

 

Broker

 

Nominee

 

 

Shares

 

%

 

Shares

 

%

 

Abstain

 

Non-Votes

 

Roxanne S. Austin

 

 

467,741,522

 

95.1

 

24,346,950

 

4.9

 

2,122,119

 

58,716,984

 

Douglas M. Baker, Jr.

 

 

479,126,194

 

97.4

 

12,836,151

 

2.6

 

2,248,246

 

58,716,984

 

Henrique De Castro

 

 

488,538,862

 

99.3

 

3,353,678

 

0.7

 

2,318,051

 

58,716,984

 

Calvin Darden

 

 

471,678,152

 

95.9

 

20,214,360

 

4.1

 

2,318,079

 

58,716,984

 

Mary N. Dillon

 

 

472,641,785

 

96.0

 

19,452,707

 

4.0

 

2,116,099

 

58,716,984

 

James A. Johnson

 

 

428,040,304

 

86.9

 

64,590,405

 

13.1

 

1,579,882

 

58,716,984

 

Mary E. Minnick

 

 

485,294,555

 

98.6

 

6,693,642

 

1.4

 

2,222,394

 

58,716,984

 

Anne M. Mulcahy

 

 

441,503,261

 

89.7

 

50,471,538

 

10.3

 

2,235,792

 

58,716,984

 

Derica W. Rice

 

 

485,705,456

 

98.7

 

6,252,293

 

1.3

 

2,252,842

 

58,716,984

 

Gregg W. Steinhafel

 

 

476,884,954

 

97.0

 

14,786,015

 

3.0

 

2,539,622

 

58,716,984

 

John G. Stumpf

 

 

468,327,925

 

95.1

 

24,367,425

 

4.9

 

1,515,241

 

58,716,984

 

Solomon D. Trujillo

 

 

481,072,358

 

97.8

 

10,741,349

 

2.2

 

2,396,884

 

58,716,984

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2.                                      The shareholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered accounting firm for 2013:

 

For:

 

Shares

 

540,186,703

 

 

%

 

97.7

Against:

 

Shares

 

10,765,575

 

 

%

 

1.9

Abstain:

 

Shares

 

1,975,297

 

 

%

 

0.4

 

3.                                      The shareholders approved, on an advisory basis, our executive compensation (“Say-on-Pay”):

 

For:

 

Shares

 

255,593,389

 

 

%

 

52.1

Against:

 

Shares

 

235,250,984

 

 

%

 

47.9

Abstain:

 

Shares

 

3,366,218

Broker Non-Votes:

 

Shares

 

58,716,984

 

2



 

4.                                      The shareholders did not approve a shareholder proposal to adopt a policy for an independent chairman:

 

For:

 

Shares

 

184,188,572

 

 

%

 

37.3

Against:

 

Shares

 

305,973,018

 

 

%

 

61.9

Abstain:

 

Shares

 

4,049,001

 

 

%

 

0.8

Broker Non-Votes:

 

Shares

 

58,716,984

 

5.                                      The shareholders did not approve a shareholder proposal on electronics recycling:

 

For:

 

Shares

 

38,783,731

 

 

%

 

7.8

Against:

 

Shares

 

360,519,452

 

 

%

 

72.9

Abstain:

 

Shares

 

94,907,408

 

 

%

 

19.2

Broker Non-Votes:

 

Shares

 

58,716,984

 

3



 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

TARGET CORPORATION

 

 

 

 

Date: June 14, 2013

/s/ Timothy R. Baer

 

Timothy R. Baer

 

Executive Vice President, General Counsel

 

and Corporate Secretary

 

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