Walmart Inc. (NASDAQ: WMT) announced preliminary voting results from its 2026 Annual Shareholders’ Meeting, with approximately 89.88% of all outstanding shares represented at the gathering.
John Furner, President and CEO of Walmart, delivered an overview of the company’s business model and its strong fiscal year 2026 financial performance to shareholders in attendance.
Furner emphasized that Walmart’s omnichannel retail model continues to generate consistent results by expanding higher-margin commerce solutions while investing in customer value and convenience.
The CEO also highlighted the company’s strategic investments in associate wages, benefits, and skills development, alongside its growing use of artificial intelligence to advance its retail operations.
“The business has changed a lot since Sam Walton opened the first Walmart, and it has changed a lot since I started in the garden center,” Furner said. “But what hasn’t changed is that it’s our people who make the difference.”
“We’re proud of how our associates are executing our strategy and building momentum,” Furner added. “We are well positioned for what comes next. I’ve never been more optimistic about what we can accomplish together.”
Shareholders voted in favor of all four company-sponsored proposals, including the election of all 11 director nominees, each of whom received at least 96.20% of shares voted.
Sarah J. Friar led the board vote tallies with 99.82% support, while Shishir Mehrotra received 99.49% and Cesar Conde secured 99.23% of the shares voted in favor.
Shareholders also ratified Ernst and Young LLP as Walmart’s independent accountants with 97.50% approval, while executive compensation received support from approximately 95.90% of participating shares.
A fourth company proposal to amend Walmart’s Restated Certificate of Incorporation to limit personal liability of certain officers under Delaware law passed with approximately 77.19% of outstanding shares voting in favor.
Four shareholder-submitted proposals each failed to reach majority support, including a request for cumulative voting in board elections, which received just 1.87% of shares voted.
A shareholder proposal requesting a report on the workplace impact of AI and automation received approximately 4.95% of shares voted, while a proposal on immigration policy and enforcement garnered 4.26%.
Walmart reported fiscal year 2026 revenue of $713 billion and employs approximately 2.1 million associates across more than 10,900 stores in 19 countries worldwide.
Official voting results for each item will be disclosed in a formal report filed with the Securities and Exchange Commission in the coming days.
