Church wants Walmart investor vote on gun sales

By Randall Chase, Associated Press 12:32pm, April 7, 2014
Attorneys for a church in Manhattan are asking a federal judge in Delaware to prohibit Walmart from sending its annual proxy statement to shareholders because it doesn't include its proposal for a shareholder vote involving gun sales.

The Episcopal parish that includes Trinity Church on Wall Street wants shareholders to vote on whether the board of Walmart Stores Inc. should oversee management policy decisions on whether to sell products considered especially dangerous, harmful to Walmart's reputation, or offensive to community and family values.

The proposal is aimed particularly at sales of guns with magazines holding more than 10 rounds.

Walmart says it is not required to include the proposal in its proxy statement because it deals with ordinary business operations, an argument accepted by the Securities and Exchange Commission.

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