x

Fort Smith/Fayetteville News | 5newsonline KFSM 5NEWS | Get the local news and weather where you live from 5NEWS. Covering Fort Smith, Fayetteville, Bentonville, and all of Northwest Arkansas and the River Valley.

Walmart Shareholders' meeting to be held virtually

As result of the public health impact from COVID-19, the Annual Shareholders’ Meeting set for June 3, 2020, will be conducted virtually.
Credit: AP

BENTONVILLE, Ark. — Walmart Inc. announced Friday (April 3) that, as a result of the public health impact from the coronavirus outbreak (COVID-19), its Annual Shareholders’ Meeting set for Wednesday, June 3, 2020, will be conducted by a virtual meeting only. 

While shareholders will be able to attend the meeting online, there will not be a physical location for the annual meeting.

The meeting will focus on shareholder voting on formal business and proxy proposals. Shareholders may vote their shares electronically, online, by mail, or by phone prior to the formal business meeting on June 3.

Shareholders entitled to vote at the meeting may also vote their shares online during the meeting.

The record date for shareholders entitled to vote at the virtual meeting is April 9, 2020. Additional details confirming how shares may be voted before or during the meeting on June 3, as well as the time of the virtual meeting and how to access it as a shareholder, will be included in the company’s proxy statement to be filed later this month. 

The public will also be able to listen to the Annual Shareholders’ Meeting, without the option to vote, through a link on the company’s website.

In addition, due to the coronavirus outbreak, the company is not hosting its usual Associate Celebration event, which would have been held at Bud Walton Arena in Fayetteville, on Friday, June 5. 

The logistics and lead time required to coordinate 5,000 associates traveling from around the world to attend both the Friday meeting and corresponding Associates Week events has created too much uncertainty to ensure everyone’s safety given the current state of the coronavirus pandemic.

RELATED: Real-time updates: 704 coronavirus cases in Arkansas, Fort Smith leaders provide an update

RELATED: Ways to give back to local community non-profit organizations during the coronavirus outbreak

RELATED: Walmart opening drive-through testing facility for first responders & health care providers in Bentonville