11 nominees · 8 ballot items.
Elect 11 directors; ratify Ernst & Young LLP as independent accountants; advisory approval of named executive officer compensation; approve amendment to Restated Certificate to limit officer liability; and vote on four shareholder proposals (cumulative voting; report on workplace health and safety governance; report on immigration policy and enforcement; report on workforce impact of AI and automation).
Elect 11 nominees to the Board of Directors to serve one-year terms.
Ratify appointment of Ernst & Young LLP as Walmart’s independent registered public accounting firm for fiscal 2027.
Non-binding, advisory vote to approve the compensation of Walmart’s Named Executive Officers as disclosed in the proxy statement.
Approve amendment to the Restated Certificate to exculpate certain officers from monetary liability for breaches of the duty of care, to the extent permitted by Delaware law.
Shareholder proposal requesting adoption of cumulative voting for director elections.
Shareholder proposal requesting a report on governance measures implemented since 2020 to monitor and manage human rights risks related to workplace health and safety and board oversight of related policies.
Shareholder proposal requesting a public report on how U.S. immigration policy and enforcement impacts Walmart’s operations.
Shareholder proposal requesting a report on principles, metrics, and governance for measuring social implications of AI and automation on Walmart’s workforce.
| # | Owner | % of shares | Shares | Value |
|---|---|---|---|---|
| 1 | VANGUARD CAPITAL MANAGEMENT LLC | 3.58% | 284,852,775 | $35.4B |
| 2 | STATE STREET CORP | 2.34% | 185,928,865 | $23.2B |
| 3 | BlackRock, Inc. | 1.57% | 124,692,272 | $15.5B |
| 4 | VANGUARD PORTFOLIO MANAGEMENT LLC | 1.18% | 93,696,778 | $11.6B |
| 5 | GEODE CAPITAL MANAGEMENT, LLC | 1.15% | 91,802,103 | $11.4B |
| 6 | BlackRock, Inc. | 1.14% | 90,630,446 | $11.3B |
| 7 | JPMORGAN CHASE CO | 0.93% | 74,381,215 | $9.2B |
| 8 | MORGAN STANLEY | 0.53% | 42,014,179 | $5.2B |
| 9 | Fisher Asset Management, LLC | 0.51% | 40,977,756 | $5.1B |
| 10 | BlackRock, Inc. | 0.50% | 39,938,344 | $5.0B |
The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon.
This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.
None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by Boardroom Alpha that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.
No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.