Target Shareholders Reject Board Split Proposal, Elect All 12 Nominees; Cornell Remains Executive Chair
TGT sits 62% above its 52-week low of $83.44.
Summary
Target shareholders at the 2026 Annual Meeting elected all 12 board nominees to one-year terms. Critically, investors rejected a proposal to split the board chair and executive roles, with only 38.1% support. This outcome means Brian Cornell will remain executive chair, maintaining the current leadership structure. This follows earlier activist investor efforts to challenge the company's governance, and the vote confirms shareholder support for the existing management arrangement.
At the time of this announcement, TGT was trading at $135.28 on NYSE in the Trade & Services sector, with a market capitalization of approximately $61.4B. The 52-week trading range was $83.44 to $136.14. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.