PLEASANTON, CA--(Marketwired - Jul 25, 2014) - Safeway Inc. (
- A non-binding advisory proposal to approve the merger-related compensation for the named executive officers (96% FOR)
- The adjournment of the Annual Meeting, if necessary or appropriate, to solicit additional proxies if there are insufficient votes at the time of the Annual Meeting to approve and adopt the Merger Agreement (90% FOR)
Stockholders also approved the Advisory Vote on Executive Compensation ("Say on Pay") with 99% voting FOR.
Stockholders elected each of the nine directors by a vote percentage of at least 87% and approved the appointment of Deloitte & Touche LLP to serve as the company's independent registered accounting firm for the 2014 fiscal year.
Stockholders voted AGAINST two stockholder proposals as recommended by the Board of Directors with the following approximate vote percentages:
| Labeling products containing genetically engineered ingredients | 90% AGAINST | |
| Extended producer responsibility | 88% AGAINST | |
All figures are expressed in terms of percentages of the shares voted, except for the Merger proposal, which is expressed as a percentage of Safeway's outstanding common stock. Final vote results will be reported 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 1,331 stores in the United States and had annual sales of $36.1 billion in 2013.
