Press release from Business Wire
Safeway Inc. Announces Preliminary Results of 2010 Stockholder Vote
Thursday, May 20, 2010
Safeway Inc. Announces Preliminary Results of 2010 Stockholder Vote09:00 EDT Thursday, May 20, 2010 PLEASANTON, Calif. (Business Wire) -- Safeway Inc. (NYSE:SWY) announced the preliminary results of its stockholder vote at the company's 2010 Annual Meeting of Stockholders held yesterday. Stockholders elected each of the nine directors by a vote percentage of at least 96% and approved the appointment of Deloitte & Touche LLP to serve as the company's independent auditors for the 2010 fiscal year. The board's proposal to amend the company's certificate of incorporation to allow shareholders holding at least 25% of the outstanding shares to call a special meeting was approved by 99.6% of the shares voted. Stockholders also voted on four stockholder proposals presented at the meeting. Consistent with the Board of Directors' recommendation, all proposals were defeated. The following are the approximate vote percentages: -- Cumulative Voting 73% Against -- Global Warming 92% Against -- Future Death Benefits 59% Against -- Poultry Slaughter 99% Against All figures are expressed in terms of percentages of the shares voted. Final vote results will be filed in a Form 8-K. Safeway Inc. is a Fortune 100 company and one of the largest food and drug retailers in North America based on sales. The company operates 1,712 stores in the United States and western Canada and had annual sales of $40.9 billion in 2009. The company's common stock is traded on the New York Stock Exchange under the symbol SWY.