shareholder proposal · 2024

Legal & General Investment Management America at Walmart

Establish company wage policies reasonably designed to provide workers with the minimum earnings necessary to meet a family's basic needs.

☆ Follow

What happened

Result: The SEC staff declined to concur that Walmart could exclude the proposal under Rule 14a-8(i)(7), finding that it transcends ordinary business matters, so it reached the ballot as Proposal No. 7. At the annual meeting on 5 June 2024 it was rejected, with 294,769,269 shares voted for, 6,372,320,195 against and 32,796,608 abstaining, alongside 630,945,292 broker non-votes.

Rejected at Walmart's 2024 annual shareholders' meeting.

Walmart Inc.; Rule 14a-8 no-action response, Legal and General Investment Management America, U.S. Securities and Exchange Commission, 2024-04

Who is involved

Legal & General Investment Management America filer
The Nathan Cummings Foundation co-filer
The Shareholder Commons co-filer
Legal & General Investment Management America co-filer
Walmart company

What this campaign is about

Bar companies guilty of wage theft from federal contracts Pivotal · Common Ground of the American People
Income growth of the bottom 40 percent Necessary · UN Sustainable Development Goals