---
schema_version: "secwatch.filing_event.v1"
accession: "0000027419-23-000029"
form_type: "8-K"
ticker: "TGT"
cik: "0000027419"
company_name: "TARGET CORP"
filed_at: "2023-06-15T23:59:59+00:00"
generated_at: "2026-06-14T00:40:39.172453+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Target shareholders elect all 12 board nominees, approve say-on-pay; independent chairman proposal fails

## Summary
- All 12 director nominees elected with 94.7%–99.0% support; Brian Cornell received 94.7% For.
- Ernst & Young ratified as auditor for FY2023 with 96.1% For (394.7M shares).
- Say-on-pay approved on advisory basis with 94.1% For; 1-year frequency selected with 98.5% support.
- Shareholder proposal for independent chairman failed with only 32.1% For (66.6% Against).

## SEC filing metadata
- accession: 0000027419-23-000029
- form_type: 8-K
- ticker: TGT
- cik: 0000027419
- company_name: TARGET CORP
- filed_at: 2023-06-15T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/27419/000002741923000029/0000027419-23-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/27419/000002741923000029/tgt-20230614.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000027419-23-000029
- JSON: https://secwatch.observer/filing/0000027419-23-000029.json
- Plain text: https://secwatch.observer/filing/0000027419-23-000029.txt

## Key facts
- Shareholder Votes
  TARGET CORP shareholders rejected Shareholder proposal to adopt a policy for an independent chairman at the 2023-06-14 meeting.
  - Outcome: failed
  - Meeting: 2023-06-14
  source text: The shareholders did not approve a shareholder proposal to adopt a policy for an independent chairman:
  evidence_url: https://www.sec.gov/Archives/edgar/data/27419/000002741923000029/0000027419-23-000029-index.htm
- Shareholder Votes
  TARGET CORP shareholders approved Approve, on an advisory basis, the Company's executive compensation (Say on Pay) at the 2023-06-14 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-06-14
  source text: The shareholders approved, on an advisory basis, the Company's executive compensation:
  evidence_url: https://www.sec.gov/Archives/edgar/data/27419/000002741923000029/0000027419-23-000029-index.htm
- Shareholder Votes
  TARGET CORP shareholders approved Election of twelve nominees as directors for a one-year term at the 2023-06-14 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-06-14
  source text: The shareholders elected twelve nominees as directors for a one-year term:
  evidence_url: https://www.sec.gov/Archives/edgar/data/27419/000002741923000029/0000027419-23-000029-index.htm
- Shareholder Votes
  TARGET CORP shareholders approved Ratify the appointment of Ernst & Young LLP as independent registered public accounting firm for fiscal 2023 at the 2023-06-14 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-06-14
  source text: The shareholders ratified the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for fiscal 2023:
  evidence_url: https://www.sec.gov/Archives/edgar/data/27419/000002741923000029/0000027419-23-000029-index.htm
- Shareholder Votes
  TARGET CORP shareholders approved Approve, on an advisory basis, the frequency of the Company's Say on Pay votes (1 Year) at the 2023-06-14 meeting.
  - Proposal: say on pay frequency
  - Outcome: passed
  - Meeting: 2023-06-14
  source text: The shareholders approved, on an advisory basis, "1 Year" for the frequency of the Company's Say on Pay votes:
  evidence_url: https://www.sec.gov/Archives/edgar/data/27419/000002741923000029/0000027419-23-000029-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.