Thursday, May 28, 2009

All of Target's Directors Elected; Board Set at 12 Members

Based on a preliminary vote count from today's annual meeting, all four of Target's board nominees were elected.

According to Mike Levin from Hedge Fund Solutions (who was at the annual meeting but unable to blog due to a company request) 70% of the votes cast were in favor of Target's nominees and in favor of setting the size of the board at 12 members.