At its 2026 Annual Meeting of Shareholders on June 10, 2026, Target Corporation announced that shareholders approved all company proposals, including the Amended and Restated 2020 Long-Term Incentive Plan. Shareholders also re-elected all twelve director nominees and rejected three shareholder proposals.
Key Details
- Incentive Plan: Shareholders approved the Amended and Restated 2020 Long-Term Incentive Plan, which adds 15.5 million shares to the plan's reserve, bringing the total to 50.5 million shares available for awards.
- Board & Auditor: All twelve nominees were elected as directors for a one-year term, and the appointment of Ernst & Young LLP as the independent registered public accounting firm for fiscal 2026 was ratified.
- Shareholder Proposals: Three shareholder proposals failed to pass, including requests for a policy requiring an independent Board Chair, a report on pesticides in private label brands, and a report on reducing plastic microfiber shedding.