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Wal-Mart Offers Results from 2014 Annual Holders Meeting

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Wal-Mart Stores, Inc. (NYSE: WMT) today announced shareholder voting results
for its Annual Shareholders' Meeting held June 6. Approximately 89.93 percent
of all outstanding shares were present or represented by proxy at the meeting.

The company reported that shareholders approved the election of each of
Walmart's 14 director nominees. Each director nominee received affirmative
votes from approximately 86.81 percent or more of the shares voted, excluding
abstentions and broker non-votes, as follows (all percentages are rounded to
the nearest 1/100 of 1 percent):

Director Nominee         For         Against
Aida M. Alvarez         92.49%         7.51%
James I. Cash, Jr. 94.01% 5.99%
Roger C. Corbett 97.92% 2.08%
Pamela J. Craig 95.78% 4.22%
Douglas N. Daft 96.69% 3.31%
Michael T. Duke 86.81% 13.19%
Timothy P. Flynn 97.08% 2.92%
Marissa A. Mayer 97.89% 2.11%
C. Douglas McMillon 99.21% 0.79%
Gregory B. Penner 97.50% 2.50%
Steven S Reinemund 97.76% 2.24%
Jim C. Walton 97.50% 2.50%
S. Robson Walton 88.86% 11.14%
Linda S. Wolf 96.33% 3.67%

Shareholders also ratified Ernst & Young LLP as Walmart's independent
accountants, with affirmative votes from approximately 99.54 percent of the
shares that were present in person or represented by proxy at the meeting and
entitled to vote.

Shareholders voted to approve, on an advisory basis, the compensation of
Walmart's named executive officers described in Walmart's 2014 proxy
statement, with approximately 86.41 percent of the shares present in person or
represented by proxy voting in favor of this proposal. The Board of Directors
had recommended a vote for this proposal.

The three shareholder proposals, which the Board of Directors recommended
against, failed to receive affirmative votes from a majority of the total
shares that were represented at the meeting and entitled to vote and,
accordingly, they were defeated. A report on the approximate percentages of
the shares present or represented by proxy at the meeting that were voted in
favor of each shareholder proposal follows:

* Proposal 4 – Independent chairman policy: approximately 15.37 percent of
the shares that were present or represented by proxy at the meeting and
entitled to vote.
* Proposal 5 – Request for annual report on recoupment of executive pay:
approximately 14.70 percent of the shares that were present or represented
by proxy at the meeting and entitled to vote.
* Proposal 6 – Request for annual report on lobbying: approximately 10.99
percent of the shares that were present or represented by proxy at the
meeting and entitled to vote.

The official voting results for each of these proposals will be disclosed in a
report to be filed next week with the Securities and Exchange Commission.

Posted-In: News Management Press Releases

 

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