On April 25, 2024, Walmart Inc announced that it has received a shareholder proposal from The Shareholder Commons on behalf of Legal & General Investment Management America Inc, requesting the Company to exercise their discretion to establish Company wage policies that are consistent with fiduciary duties and reasonably designed to provide workers with the minimum earnings necessary to meet a family?s basic needs, because Company compensation practices that fail to provide a living wage are harmful to the economy and therefore to the returns of diversified shareholders. In addition, the Company recommended the shareholders to vote against the shareholder proposal at the annual meeting of shareholders scheduled to be held on June 5, 2024.