secwatch.observer — SEC 8-K summary
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Issuer:     KOHLS Corp (KSS)
CIK:        0000885639
Form:       8-K/A
Filed at:   2025-05-20T23:59:59+00:00
Accession:  0001193125-25-123246
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kohl's discloses interim CEO Michael Bender's compensation: $1.475M salary, $3.775M RSU grant
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- Interim CEO Michael Bender gets base salary $1.475M/yr, annual cash incentive target 175% of base (0-200% range).
- One-time RSU award valued at $3.775M on May 16, 2025; vests on first anniversary, prorated on early termination.
- Monthly commuting stipend of $11,500; personal aircraft use capped at $135,000/yr; up to $10,000/yr financial advisory.
- Non-compete for 1 year post-employment; restricted services to competitors including Amazon, Macy's, Target, Walmart.
- Appointment effective April 30, 2025; service until successor CEO appointed; board nomination during tenure.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885639/000119312525123246/0001193125-25-123246-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885639/000119312525123246/d920675d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-123246

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