Kohl's finalizes executive compensation agreement with new President & COO David Alves

KOHLS Corp

David Alves appointed President & COO; compensation agreement effective March 27, 2023.
Severance: 2 years base salary lump sum for termination without cause or for good reason (no change of control).
Change of control severance: 2x (base salary + average annual incentive over last 3 fiscal years) lump sum.
Death/disability severance: 6 months base salary.
Agreement includes restrictive covenants and requires release for severance benefits.

item 5.02 item 9.01

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Appointed

David Alves

President & Chief Operating Officer

KSS · KOHLS Corp

Effective: 2023-03-27
Filed: March 31, 2023, 7:59 PM ET

The Company previously announced that Mr. Alves accepted his appointment as the President & Chief Operating Officer of the Company and the intent to enter into an executive compensation agreement with Mr. Alves on his first date of employment.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

David Alves was appointed as President & Chief Operating Officer at KOHLS Corp.

Action: appointed
Role: President & Chief Operating Officer

Exact text from the filing

The Company previously announced that Mr. Alves accepted his appointment as the President & Chief Operating Officer of the Company and the intent to enter into an executive compensation agreement with Mr. Alves on his first date of employment.

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KOHLS Corp filing history →

Source: SEC EDGAR

accession 0001193125-23-088182

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