Walmart Releases 2021 Annual Report and Proxy Statement
Walmart Inc. (NYSE: WMT) today issued its 2021 Annual Report and filed its Proxy Statement in preparation for the company’s upcoming virtual Annual Shareholders’ Meeting on Wednesday, June 2, 2021. Shareholders will be able to attend the meeting online. There will be no physical location for the meeting and the company is not hosting its usual in-person Associate Celebration due to the COVID-19 pandemic. Instead, it will host a virtual Associate Celebration on Friday, June 4, with entertainment and messages from senior leadership.
Annual Report Highlights
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The 2021 Annual Report showcases the strength and resiliency of Walmart’s associates over the course of the past year in light of the extraordinary challenges brought on by the pandemic, as well Walmart’s financial strength and positioning for ongoing success.
In his annual letter to shareholders, associates and customers, Walmart President and Chief Executive Officer Doug McMillon commemorated the incredible achievements of Walmart’s associates and how the company has prioritized its associates, customers and helping local communities over the past year.
“The pandemic brought extraordinary challenges, heartbreaking stories, significant loss and moments of inspiration as our associates overcame challenge after challenge. We witnessed their courage, kindness and generosity. Across the world in our stores, clubs and supply chain, they have come together to serve our customers, each other and their communities.
“Our 2020 priorities remain unchanged today, and to support them we paid $1.6 billion in special cash bonuses to our associates last year, implemented special COVID benefits, hired hundreds of thousands of displaced workers, set up COVID testing sites, provided relief to small businesses, donated more than 625 million pounds of food, pledged over $55 million in grants for hunger relief, and now we’re helping with vaccination efforts across the U.S., Canada and Mexico.”
McMillon also outlined the strategic path forward for the company and touched on the ways Walmart will continue to invest in a more diverse and inclusive workforce.
“We have a powerful set of assets that provide a strong foundation as we write the next chapter of the Walmart story. We have made gains in recent years that we’ll protect, including the value for customers we offer and the lead we’ve built in pickup services. We’re broadening the scope of products and services we offer to increase relevance in more customers’ lives, while layering in a more robust digital experience to improve engagement. And now we’ll accelerate investments in key areas to support faster sales growth and keep the current asset base fresh.