PLEASANTON, CA -- (Marketwired) -- 05/15/13 -- Safeway Inc. (NYSE: SWY) announced the preliminary results of its stockholder vote at the company's 2013 Annual Meeting of Stockholders held yesterday.
Stockholders elected each of the eight directors by a vote percentage of at least 73% and approved the appointment of Deloitte & Touche LLP to serve as the company's independent registered accounting firm for the 2013 fiscal year.
Stockholders also voted on two other board proposals presented at the meeting. Both proposals were voted with the Board of Directors' recommendations with the following approximate vote percentages:
Advisory Vote on Executive Compensation ("Say on Pay") 70% FOR
Re-approval of the 2007 Equity and Incentive Award Plan 92% FOR
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 1,638 stores in the United States and western Canada and had annual sales of $44.2 billion in 2012.
