Walmart Releases 2024 Annual Report and Proxy Statement
26 4월 2024 - 7:13AM
Business Wire
Rob Walton, Legendary Leader and
Longest-Serving Board Member, Announces Retirement
Walmart Board has Nominated Brian Niccol,
Chairman and CEO of Chipotle Mexican Grill, Inc., for election at
the 2024 Annual Shareholders’ Meeting
Walmart Inc. (NYSE: WMT) issued its 2024 Annual Report and filed
its Proxy Statement today in preparation for the company’s Annual
Shareholders’ Meeting on Wednesday, June 5, 2024.
2024 Walmart Proxy Statement Highlights
- Rob Walton announcing he will retire from the Board at the
conclusion of his current term on June 5, 2024. Mr. Walton joined
Walmart in 1969 and before that worked alongside his father, Sam,
in his 5&10 store. He served more than 40 years on the Walmart
Board and helped shape some of the most important moments in
Walmart history. “Walmart is the world's leading omni-channel
retailer. That's a credit to our team today and to those who, over
decades, helped to build and shape our company. One of those
incredible leaders is Rob Walton, my father-in-law, who recently
shared his decision not to seek re-election to our Board of
Directors. “His leadership has been critical as we've grown our
business over so many years. There's no doubt Sam would be very
proud. On behalf of our associates and the Board, I'd like to thank
him for his unparalleled and amazing service.” - Greg Penner,
Chairman, Walmart Board of Directors
- A message from Chairman of the Board, Greg Penner, emphasizing
the strength of the Walmart business, the momentum of the company
and its clear path forward. “I’m pleased to say that our business
is strong […] We generated more than $35 billion in operating cash
flow, improved returns, and announced a 9 percent increase in the
dividend for the current fiscal year, the largest increase in more
than a decade. “Walmart is a people-led, tech-powered omni-channel
retailer dedicated to helping people save money so they can live
better. This is the foundation on which we can deliver results like
these, and it starts with the incredible work of our associates.” -
Greg Penner, Chairman, Walmart Board of Directors
- Proxy materials seeking shareholders’ votes on 11 director
nominees, two other company proposals, and seven shareholder
proposals. For the director nominees, the Board has nominated Brian
Niccol, the Chairman and CEO of Chipotle Mexican Grill, Inc., and
(except for Rob Walton) the existing 10 Board members for election
at the 2024 Annual Shareholders’ Meeting. If elected, Brian will be
the fifth new independent director Walmart has onboarded since
2017. “As our business continues to evolve to serve our customers,
it is imperative that our Board evolves as well […] Brian is a
dynamic leader with a passion for excellence. I am confident that
his experience in retail, marketing and brand management, and
engaging with associates and customers will be a strategic asset to
your Board.” - Tom Horton, Lead Independent Director, Walmart Board
of Directors
2024 Annual Report Highlights
In his annual letter to shareholders and associates, Walmart
President and Chief Executive Officer, Doug McMillon, expressed his
appreciation for our associates who drove this year’s strong
performance, and he highlighted the investments the company has
made to support associates and help them thrive.
“We’ve made important investments in our
associates that include, and go beyond, wage increases […] We
continue to invest in healthcare and other benefits, including
educational opportunities […] We’ve committed to invest $1 billion
in career-driven training and development by 2026. And to help us
move quickly on our goals, we’ve more than doubled the number of
skills certificates paid for through our Live Better U education
benefit. We want to do more than create jobs. We want to enable
careers and help build wealth.”
McMillon went on to note the resources Walmart is putting
towards its associates and culture to be a people-led, tech-powered
omnichannel retailer, with a focus on utilizing today’s
technologies to fuel its progress.
2024 Annual Shareholders’ Meeting and Proposal Voting
The company’s 2024 Annual Shareholders’ Meeting will be held in
a virtual meeting format only. Shareholders of record as of April
12, 2024, can attend the meeting online. The live audio webcast of
the meeting will begin on June 5, 2024, at 10:30 a.m. CDT.
Shareholders who held shares as of the close of business on the
record date of April 12, 2024, will be able to vote their shares
before the meeting in the following ways:
- Online at www.proxyvote.com;
- Calling 1-800-690-6903;
- Mailing a completed proxy card or voting instruction form;
or
- On their mobile device by scanning the QR code on the proxy
card, notice of internet availability, or voting instruction
form.
Shareholders may also vote while logged in and participating in
the 2024 Annual Shareholders’ Meeting at
www.virtualshareholdermeeting.com/WMT2024.
About Walmart
Walmart Inc. (NYSE: WMT) is a people-led, tech-powered
omnichannel retailer helping people save money and live better -
anytime and anywhere - in stores, online, and through their mobile
devices. Each week, approximately 255 million customers and members
visit more than 10,500 stores and numerous eCommerce websites in 19
countries. With fiscal year 2024 revenue of $648 billion, Walmart
employs approximately 2.1 million associates worldwide. Walmart
continues to be a leader in sustainability, corporate philanthropy,
and employment opportunity. Additional information about Walmart
can be found by visiting corporate.walmart.com, on Facebook at
facebook.com/walmart, on X (formerly known as Twitter) at
twitter.com/walmart, and on LinkedIn at
linkedin.com/company/walmart.
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Media Relations Contact Kelly Hellbusch 800-331-0085
Investor Relations Contact Steph Wissink
IR@walmart.com
Walmart (NYSE:WMT)
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Walmart (NYSE:WMT)
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