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City Comptroller William C. Thompson, Jr., on behalf of the New York City Pension Funds, issued the following statement regarding the 23,872,195 shares, (or 46.36 percent), cast in support of a joint shareholder resolution urging Dillard’s to prepare a sustainability report.

"Sustainability reports can promote transparency and accountability and provide a level of assurance to investors that the company is managing risks to its operations,” Thompson said. “Shareholders believe this information is necessary for making well-informed investment decisions as it speaks to the vision and stewardship of management and can have significant impacts on a company's brand, reputation and on shareholder value. Given the high number of votes cast in favor of the resolution, shareholders have sent a clear message to Dillard's management that they are concerned about these issues and now Dillard's should address those concerns."

The Dillard’s shareholder resolution was sponsored by Christian Brothers Investment Services, Inc., the Connecticut Retirement Plans and Trust Funds, the New York City Pension Funds, and Amalgamated Bank’s LongView Collective Investment Funds.

The New York City pension funds hold, in the aggregate, 184,373 shares of Dillard’s common stock with a value of $5,510,908. The Funds are the: New York City Employees’ Retirement System, the Teachers’ Retirement System of New York  City, the New York City Police Department Pension Fund, the New York City Fire Department Pension Fund, and the New York City Board of Education Retirement System.

The trustees for the Pension Funds are:

Serving with Thompson on the New York City Employees’ Retirement System board are: New York City Finance Commissioner Martha E. Stark (Chair); New York City Public Advocate Betsy Gotbaum; Borough Presidents Scott Stringer (Manhattan), Helen Marshall (Queens), Marty Markowitz (Brooklyn), Adolfo Carrion (Bronx), and James Molinaro (Staten Island); Lillian Roberts, Executive Director, District Council 37, AFSCME; Roger Toussaint, President Transport Workers Union Local 100; and, Gregory Floyd, President, International Brotherhood of Teamsters, Local 237.

Besides Thompson, trustees on the New York City Fire Department Pension Fund are:
Mayor Michael Bloomberg; New York City Fire Commissioner Nicholas Scoppetta (Chair); New York City Finance Commissioner Martha E. Stark; Stephen Cassidy, President, James Slevin, Vice President, Robert Straub, Treasurer, and John Kelly, Brooklyn Representative and Chair, Uniformed Firefighters Association of Greater New York; Michael Currid, Captains’ Rep., Nicholas J. Visconti, Chiefs’ Rep., and Stephen J. Carbone, Lieutenants’ Rep., Uniformed Fire Officers Association; and, Joseph Gagliardi, Marine Engineers Association.

In addition to Thompson, trustees on the New York City Police Pension Fund are: Mayor Michael Bloomberg; New York City Finance Commissioner Martha E. Stark; New York City Police Commissioner Raymond Kelly (Chair); Patrick Lynch, Patrolmen’s Benevolent Association; Michael Palladino, Detectives Endowment Association; Edward D. Mullins, Sergeants Benevolent Association; Anthony Garvey, Lieutenants Benevolent Association; and, John Driscoll, Captains Endowment Association.

In addition to Thompson, trustees on the Teachers’ Retirement System board are: New York City Finance Commissioner Martha E. Stark (Chair); Deputy Chancellor Kathleen Grimm, New York City Department of Education; and, Sandra March, Melvyn Aaronson and Mona Romain, all of the United Federation of Teachers.

BERS: mayoral appointees Schools Chancellor Joel Klein, Alan Aviles, Philip Berry, David Chang, Tino Hernandez, Edison O. Jackson, Richard Menschel and Marita Regan; Luis Peguero, Patrick Sullivan (Manhattan), Michael Flowers (Queens), and Joan Correale (Staten Island); and employee members Thomas J. Malanga of the International Union of Operating Engineers, Local 891, and Milagros Rodriguez of District Council 37, Local 372.