Rite Aid Announces Preliminary Results of Voting at 2018 Annual Meeting of Stockholders
Rite Aid Corporation (NYSE: RAD) announced the preliminary results of stockholder voting that took place during the Company's 2018 Annual Meeting of Stockholders earlier today. As previously announced, Bruce G. Bodaken was appointed Chairman effective as of the meeting. Mr. Bodaken assumes this role from John T. Standley who will remain Chief Executive Officer and a member of the Board.
Based on preliminary results from the meeting:
- Stockholders voted in favor of all of the Company’s nominees to the Board of Directors: Joseph B. Anderson, Jr., Bruce G. Bodaken, Robert E. Knowling, Jr., Kevin E. Lofton, Louis P. Miramontes, Arun Nayar, Michael N. Regan, John T. Standley, and Marcy Syms, each for terms until Rite Aid’s 2019 Annual Meeting of Stockholders.
- Stockholders ratified the appointment of Deloitte & Touche LLP as Rite Aid’s independent registered public accounting firm.
- Stockholders voted for the stockholder proposals to require an independent Board Chairman, a report on sustainability, and a report on governance measures related to opioids and against the non-binding advisory resolution on executive compensation.
Final voting tallies from this year’s annual meeting are subject to certification by Rite Aid’s inspector of elections, and will be included in the Company’s report to be filed on Form 8-K with the Securities and Exchange Commission in due course.
About Rite Aid Corporation
Rite Aid Corporation (NYSE: RAD) is one of the nation's leading drugstore chains with fiscal 2018 annual revenues of $21.5 billion. The company also owns EnvisionRxOptions, a multi-faceted healthcare and pharmacy benefit management (PBM) company supporting a membership base of more than 22 million members; RediClinic, a convenient care clinic operator with locations in Delaware, New Jersey, Pennsylvania and Texas; and Health Dialog, a leading provider of population health management solutions including analytics, a multi-channel coaching platform and shared decision-making tools. Information about Rite Aid, including corporate background and press releases, is available through the company's website at www.riteaid.com.
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