0001480561-12-000004.txt : 20120517 0001480561-12-000004.hdr.sgml : 20120517 20120517155504 ACCESSION NUMBER: 0001480561-12-000004 CONFORMED SUBMISSION TYPE: PX14A6G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20120517 DATE AS OF CHANGE: 20120517 EFFECTIVENESS DATE: 20120517 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WAL MART STORES INC CENTRAL INDEX KEY: 0000104169 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-VARIETY STORES [5331] IRS NUMBER: 710415188 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: PX14A6G SEC ACT: 1934 Act SEC FILE NUMBER: 001-06991 FILM NUMBER: 12851929 BUSINESS ADDRESS: STREET 1: 702 SOUTHWEST 8TH ST CITY: BENTONVILLE STATE: AR ZIP: 72716 BUSINESS PHONE: 5012734000 MAIL ADDRESS: STREET 1: 702 SOUTHWEST 8TH STREET CITY: BENTONVILLE STATE: AR ZIP: 72716 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: UAW Retiree Medical Benefits Trust CENTRAL INDEX KEY: 0001480561 IRS NUMBER: 900424876 STATE OF INCORPORATION: XX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: PX14A6G BUSINESS ADDRESS: STREET 1: 200 WALKER STREET CITY: DETROIT STATE: MI ZIP: 48207 BUSINESS PHONE: 313-324-5928 MAIL ADDRESS: STREET 1: 200 WALKER STREET CITY: DETROIT STATE: MI ZIP: 48207 PX14A6G 1 walmart_proposal5_2012.txt SHAREHOLDER LETTER U.S. Securities and Exchange Commission Washington, DC 20549 NOTICE OF EXEMPT SOLICITATION 1. Name of the Registrant: WAL MART STORES, INC. ___________________________________________________________________________ 2. Name of the person relying on exemption: UAW RETIREE MEDICAL BENEFITS TRUST ___________________________________________________________________________ 3. Address of the person relying on exemption: 200 WALKER STREET, SUITE 400 DETROIT, MICHIGAN 48207-4229 ___________________________________________________________________________ 4. Written materials. Attach written materials required to be submitted pursuant to Rule 14a6(g)(1): May 17, 2012 Dear Fellow Wal-Mart Shareholders: On behalf of the UAW Retiree Medical Benefits Trust and the Nathan Cummings Foundation, we urge you to VOTE FOR PROPOSAL No. 5 at Wal-Mart Stores, Inc.'s annual meeting of shareholders on June 1, 2012. Our proposal asks the Wal-Mart Board of Directors to adopt a policy that it will nominate at least one director candidate with expertise in the field of health care, including significant experience in patient safety and quality issues. WAL-MART'S BOARD NEEDS QUALIFIED DIRECTORS TO AVOID RISKS FROM HEALTH CARE COMPLIANCE FAILURES - Our resolution raises concerns about the Board's ability to prevent and Detect violations of federal health care law as it grows its health care business. Wal-Mart is diversifying from its traditional retail business mode into the provision of health care services, an evolution that creates new legal risks for the company, including risks related to the quality of patient care and compliance with federal and state regulations. - Wal-Mart's health care business is currently regulated by several federal health care laws including the False Claims Act (FCA) and the Health Insurance Portability and Accountability Act of 1996 (HIPPA). In 2004, Wal-Mart paid $2.9 million in fines for alleged violations of the FCA involving the false billing of prescription claims to Medicaid and other federal health insurance programs. As part of the settlement, the company was required to report for four years to the federal government on improvements to its internal compliance controls related to its retail prescription services. - A series of joint publications by the Department of Health and Human Services, Office of the Inspector General and the American Health Lawyers Association emphasizes directors' fiduciary responsibilities to oversee both compliance and quality of care. - Wal-Mart's board should include a director who has experience managing these risks, to ensure that the board can fulfill its oversight duties in this area. WAL-MART'S BOARD SHOULD REFLECT ITS GROWTH IN HEALTH CARE - Wal-Mart "Health and Wellness" business unit includes its fast-growing pharmacy and optical services. The Humana Walmart-Preferred RX Plan is the fifth-largest prescription drug plan in the U.S. (http://www.drugchannles.net/2011/04/2011-part-d-maket-share-win-for-humana. html). - Wal-Mart employed more than 15,000 pharmacists in 2010, serving over 100 million patients per week. (http://www.pharmacytimes.com/publications/career/2010/PharmacyCareer_ Fall2010/LargeRetailers-Fall2010). - In a request for information issued by Wal-Mart in 2011, Wal-Mart stated that it "intends to build a national, integrated, low-cost primary healthcare platform that will provide preventative and chronic care services that are currently out of reach for millions of Americans" (http://media.npr.org/assetrs/blogs/health/images/2011/11/ Walmarthealthpartnerships.pdf). We therefore urge you to VOTE FOR PROPOSAL No. 5. Sincerely, Meredith Miller Chief Corporate Governance Officer, UAW Retiree Medical Benefits Trust THIS IS NOT A PROXY SOLICIATION AND NO PROXY CARDS WILL BE ACCEPTED Please execute and return your proxy card according to Wal-Mart's instructions