secwatch.observer — SEC 8-K summary
======================================

Issuer:     KOHLS Corp (KSS)
CIK:        0000885639
Form:       8-K
Filed at:   2025-05-01T23:59:59+00:00
Accession:  0001193125-25-109074
Event type: leadership
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kohl's terminates CEO Buchanan for cause; interim CEO Bender appointed; preliminary Q1 EPS -$0.20 to -$0.24
--------------------------------------------------------------------------------

- CEO Ashley Buchanan terminated for cause after investigation found undisclosed conflict of interest with vendor; forfeits equity and must repay $2.5M signing incentive.
- Board appoints Michael Bender, current Board Chair, as Interim CEO; permanent CEO search to begin with leading search firm.
- Preliminary Q1 2025: comparable sales -4.3% to -4.0%; operating income $40-45M; diluted EPS -$0.24 to -$0.20.
- Buchanan's termination unrelated to financial performance or reporting; no other personnel involved.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885639/000119312525109074/0001193125-25-109074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885639/000119312525109074/d925446d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-109074

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