secwatch.observer — SEC 8-K summary
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Issuer:     KOHLS Corp (KSS)
CIK:        0000885639
Form:       8-K/A
Filed at:   2023-03-31T23:59:59+00:00
Accession:  0001193125-23-088182
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885639/000119312523088182/0001193125-23-088182-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885639/000119312523088182/d460179d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-088182

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer