secwatch.observer — SEC 8-K summary
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Issuer:     KOHLS Corp (KSS)
CIK:        0000885639
Form:       8-K/A
Filed at:   2023-05-12T23:59:59+00:00
Accession:  0001193125-23-143543
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kohl's finalizes CEO Kingsbury contract with $1.475M base salary and 175% target bonus
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- Base salary $1.475M; target annual bonus 175% of base salary; $160K relocation lump sum.
- Initial term 2 years, renewable by mutual agreement; may transition to Advisor if new CEO appointed.
- 2024 equity grants: time-vesting awards vest on earlier of 1-year anniversary or end of initial term.
- Severance on death/disability: 6 months base salary; for good reason: base salary for greater of remainder of term or 1 year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885639/000119312523143543/0001193125-23-143543-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885639/000119312523143543/d468095d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-143543

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