Proxy Vote Update: WALMART INC.
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 rF Voting Results:
1a. Election of Director: Cesar Conde – FOR
1b. Election of Director: Timothy P. Flynn – FOR
1c. Election of Director: Sarah J. Friar – FOR
1d. Election of Director: Carla A. Harris – FOR
1e. Election of Director: Thomas W. Horton – FOR
1f. Election of Director: Marissa A. Mayer – FOR
1g. Election of Director: C. Douglas McMillon – AGAINST
1h. Election of Director: Robert E. Moritz, Jr. – FOR
1i. Election of Director: Brian Niccol – FOR
1j. Election of Director: Gregory B. Penner – FOR
1k. Election of Director: Randall L. Stephenson – FOR
1l. Election of Director: Steuart L. Walton – FOR
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2. Ratification of Ernst & Young LLP as Independent Accountants – FOR Â
3. Advisory Vote to Approve Named Executive Officer Compensation – FOR Â
4. Approval of Walmart Inc. Stock Incentive Plan of 2025 – FORÂ
5. Request for Third-Party Assessment of Company Policies Regarding Law Enforcement Information Requests Related to Medication Use by Customers and
Employees – AGAINST
Employees – AGAINST
6. Report on Reduction of Plastic Packaging and Recyclability Claims  – AGAINST
7. Revisit Plastics Packaging Policies – AGAINST
8. Racial Equity Audit – AGAINST
9. Report on Delays in Revising Diversity, Equity, and Inclusion (DEI) Initiatives – AGAINST
10. Health and Safety Governance – AGAINST
11. Respect Civil Liberties in Advertising Services – AGAINST
This article was written for information purposes only and its content should not be construed by any consumer and/or prospective client as rebel Financial’s solicitation to affect, or attempt to affect transactions in securities, or the rendering of personalized investment advice for compensation. No client or prospective client should assume that any such discussion serves as the receipt of, or a substitute for, personalized advice from rebel Financial, or from any other investment professional. See our disclosures page for more information.
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Phil Ratcliff
Phil Ratcliff, President of rebel Financial, is a senior financial advisor that holds an AIF®, CFP®, ChFC®, and CLU® certifications. He started his career at American Express Financial Advisors in 2003, then moved to AXA Advisors for 7 years before founding rebel Financial LLC in 2013.