Kohl's CEO Michelle Gass to step down Dec 2; Q3 preliminary EPS $0.82, comp sales down 6.9%

KOHLS Corp

Michelle Gass resigns as CEO and Board member effective Dec 2, 2022, to accept another opportunity; no disagreement with company.
Board appoints director Tom Kingsbury as interim CEO effective Dec 2; he is former Burlington Stores CEO and former Kohl's executive.
Preliminary Q3 results: diluted EPS $0.82, operating margin 4.7%, comparable sales down 6.9%, net sales down 7.2%.
Full Q3 results to be released Nov 17, 2022; Board forms search committee led by Michael Bender for permanent CEO.
Mr. Kingsbury also serves on boards of Tractor Supply, BJ's Wholesale Club, and Big Lots.

item 2.02 item 5.02 item 8.01 item 9.01

Executive movements

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Appointed (interim)

Thomas A. Kingsbury

Interim Chief Executive Officer

KSS · KOHLS Corp

Effective: 2022-12-02
Filed: November 8, 2022, 6:59 PM ET

On November 7, 2022, the Board appointed Thomas A. Kingsbury as Interim Chief Executive Officer of the Company, effective as of the Effective Date.

Departed

Michelle Gass

Chief Executive Officer

KSS · KOHLS Corp

Effective: 2022-12-02
Successor: Thomas A. Kingsbury
Filed: November 8, 2022, 6:59 PM ET

On November 6, 2022, Michelle Gass resigned her positions as Chief Executive Officer of the Company and a member of its Board of Directors (the “Board”), effective December 2, 2022 (the “Effective Date”).

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

KOHLS Corp reported the three months ended October 29, 2022 results: EPS $0.82.

Period: the three months ended October 29, 2022
EPS: $0.82
Result: preliminary results

Exact text from the filing

Kohl’s is providing preliminary unaudited results for the three months ended October 29, 2022, based on currently available information.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Thomas A. Kingsbury was appointed as Interim Chief Executive Officer at KOHLS Corp.

Action: appointed
Role: Interim Chief Executive Officer

Exact text from the filing

On November 7, 2022, the Board appointed Thomas A. Kingsbury as Interim Chief Executive Officer of the Company, effective as of the Effective Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michelle Gass resigned as Chief Executive Officer at KOHLS Corp.

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

On November 6, 2022, Michelle Gass resigned her positions as Chief Executive Officer of the Company and a member of its Board of Directors (the “Board”), effective December 2, 2022 (the “Effective Date”).

View on SEC.gov

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KOHLS Corp filing history →

Source: SEC EDGAR

accession 0001193125-22-279745

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