Target Corporation shareholders have elected all 12 board nominees at the company’s 2026 Annual Meeting of Shareholders, while rejecting three shareholder proposals linked to governance, pesticides and plastic microfiber reporting.
The meeting was held on June 10, 2026. Target announced the certified voting results on June 12.
The final vote count showed 392,543,988 shares were voted, representing about 86.4% of Target’s outstanding shares as of the record date.
Board nominees approved
All 12 directors were elected for a one-year term.
Michael J. Fiddelke received the highest support, with 99.1% of votes cast in favour. John R. Hoke III received 98.8%, while Stephen B. Bratspies received 98.3%.
Brian C. Cornell received 87.2% support, with 12.8% voting against. Christine A. Leahy received 88.5% support, while George S. Barrett received 89.9%.
Shareholders also ratified Ernst & Young LLP as Target’s independent registered accounting firm for fiscal 2026. The proposal received 93.5% support.
Target’s advisory “Say on Pay” proposal was also approved, with 89% of votes in favour.
Shareholders approved the Amended and Restated Target Corporation 2020 Long-Term Incentive Plan, with 95% support.
Three shareholder proposals rejected
Target shareholders rejected a proposal requesting a policy that would require the board chair to be an independent director. The proposal received 38.1% support, with 61.4% voting against.
A second shareholder proposal, requesting a report on the presence of pesticides in Target’s private label brands, was also rejected. It received 16.9% support.
A third proposal, requesting a report on reducing plastic microfiber shedding, was rejected with 18.4% support.
The results show that Target shareholders continued to support the retailer’s board and management-backed proposals, while governance and sustainability-related shareholder measures failed to gain majority backing.
Target operates more than 2,000 stores across the United States and employs more than 400,000 team members. The retailer remains one of the largest supermarket and general merchandise operators in the US retail market.
The Target shareholders vote now leaves the company’s board structure, executive compensation framework and long-term incentive plan in place for the next governance cycle.
