secwatch / observer

TARGET CORP — fact timeline

Source-grounded facts extracted from TARGET CORP's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

TGT TARGET CORP JSON
Shareholder Votes

TARGET CORP shareholders rejected Shareholder proposal requesting a report on reducing plastic microfiber shedding at the 2026-06-10 meeting.

“The shareholders did not approve a shareholder proposal requesting a report on reducing plastic microfiber shedding: For: Shares 62,007,169 % 18.4 Against: Shares 270,654,883 % 80.3 Abstain: Shares 4,330,124 % 1.3 Broker Non-Votes: Shares 55,551,812”
Shareholder Votes

TARGET CORP shareholders rejected Shareholder proposal requesting a report on presence of pesticides in Target's private label brands at the 2026-06-10 meeting.

“The shareholders did not approve a shareholder proposal requesting a report on presence of pesticides in Target’s private label brands: For: Shares 56,984,003 % 16.9 Against: Shares 275,003,485 % 81.6 Abstain: Shares 5,004,688 % 1.5 Broker Non-Votes: Shares 55,551,812”
Shareholder Votes

TARGET CORP shareholders rejected Shareholder proposal requesting a policy requiring the Board Chair to be an independent director at the 2026-06-10 meeting.

“The shareholders did not approve a shareholder proposal requesting a policy requiring the Board Chair to be an independent director: For: Shares 128,544,372 % 38.1 Against: Shares 206,796,796 % 61.4 Abstain: Shares 1,651,008 % 0.5 Broker Non-Votes: Shares 55,551,812”
Shareholder Votes

TARGET CORP shareholders approved Approval of Amended and Restated Target Corporation 2020 Long-Term Incentive Plan at the 2026-06-10 meeting.

“The shareholders approved the Amended and Restated Target Corporation 2020 Long-Term Incentive Plan: For: Shares 320,173,395 % 95.0 Against: Shares 14,595,917 % 4.3 Abstain: Shares 2,222,864 % 0.7 Broker Non-Votes: Shares 55,551,812”
Shareholder Votes

TARGET CORP shareholders approved Advisory approval of executive compensation at the 2026-06-10 meeting.

“The shareholders approved, on an advisory basis, the Company’s executive compensation: For: Shares 298,234,525 % 89.0 Against: Shares 36,795,522 % 11.0 Abstain: Shares 1,962,129 Broker Non-Votes: Shares 55,551,812”
Shareholder Votes

TARGET CORP shareholders approved Ratification of Ernst & Young LLP as independent registered public accounting firm for fiscal 2026 at the 2026-06-10 meeting.

“The shareholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for fiscal 2026: For: Shares 366,896,337 % 93.5 Against: Shares 24,917,538 % 6.3 Abstain: Shares 730,113 % 0.2”
Shareholder Votes

TARGET CORP shareholders approved Election of twelve directors for a one-year term at the 2026-06-10 meeting.

“The shareholders elected twelve nominees as directors for a one-year term: For Against Broker Nominee Shares % Shares % Abstain Non-Votes David P. Abney 327,624,367 97.5 8,496,692 2.5 871,117 55,551,812 George S. Barrett 302,029,550 89.9 34,062,789 10.1 899,837 55,551,812 Gail K. Boudreaux 325,913,152 97.0 10,068,744 3.0 1,010,280 55,551,812 Stephen B. Bratspies 330,492,945 98.3 5,661,291 1.7 837,940 55,551,812 Brian C. Cornell 292,419,953 87.2 43,104,768 12.8 1,467,455 55,551,812 Robert L. Edwards 326,841,941 97.2 9,295,589 2.8 854,646 55,551,812 Michael J. Fiddelke 333,039,464 99.1 3,038,231 0.9 914,481 55,551,812 John R. Hoke III 332,129,244 98.8 4,015,335 1.2 847,597 55,551,812 Christine A. Leahy 297,685,712 88.5 38,569,015 11.5 737,449 55,551,812 Monica C. Lozano 319,957,287 95.2 16,084,623 4.8 950,266 55,551,812 Derica W. Rice 324,581,603 96.5 11,603,952 3.5 806,621 55,551,812 Dmitri L. Stockton 320,705,042 95.5 15,285,485 4.5 1,001,649 55,551,812”
Earnings Releases

TARGET CORP reported the three months ended May 2, 2026 results: EPS $1.71.

“On May 20, 2026, Target Corporation issued a News Release containing its financial results for the three months ended May 2, 2026.”
Debt Financings

TARGET CORP incurred credit facility of up to $1.0 billion with Bank of America, N.A., as administrative agent at base rate or term SOFR rate, in each case plus an applicable margin maturing October 8, 2026.

“October 15, 2024, which was scheduled to expire on October 14, 2025. Under the Credit Agreement, the Banks committed to provide loans in an aggregate principal amount of up to $1.0 billion, which may be increased from time to time by up to $500 million. Borrowings under the Credit Agreement bear interest at a base rate or term SOFR rate, in each case plus an”

Amy Tu departed as Executive Vice President and Chief Legal & Compliance Officer at TARGET CORP.

“Effective as of May 21, 2025, Amy Tu, Executive Vice President and Chief Legal & Compliance Officer, will step down from her role.”

Christina Hennington departed as Executive Vice President and Chief Strategy and Growth Officer at TARGET CORP.

“Christina Hennington, Executive Vice President and Chief Strategy and Growth Officer, will step down from her role, effective May 25, 2025.”

Don H. Liu resigned as strategic advisor at TARGET CORP.

“On April 7, 2025, Mr. Liu notified Target of his voluntary termination of the Transition Agreement in accordance with the terms thereof, effective April 18, 2025.”
Governance Changes

TARGET CORP: Expanded Lead Independent Director provision to require appointment if Chair is not independent; made conforming changes to executive titles (effective 2025-01-15).

“On January 15, 2025, in connection with a periodic review of the Bylaws of Target Corporation (“Target”), the Board of Directors (the “Board”) of Target amended and restated Target’s Bylaws (the “Amended and Restated Bylaws”), effective immediately.”

Jim Lee was appointed as Executive Vice President and Chief Financial Officer at TARGET CORP.

“On September 19, 2024, Target Corporation (“Target”) announced that Jim Lee has been appointed to the position of Executive Vice President and Chief Financial Officer, effective September 22, 2024.”

Don H. Liu retired as Executive Vice President and Chief Legal & Compliance Officer at TARGET CORP.

“This Form 8-K/A amends the Form 8-K filed by Target Corporation (“Target”) on January 18, 2024, which reported the intention of Don H. Liu, Executive Vice President and Chief Legal & Compliance Officer, to retire from Target.”
Earnings Releases

TARGET CORP reported full-year 2023 results: revenue $107.4 billion, EPS $8.94. Guidance initiated.

“Operating income was $1.9 billion in fourth quarter 2023, an increase of 60.9 percent from $1.2 billion in 2022. Full-year sales decreased 1.7 percent to $105.8 billion from $107.6 billion last year, reflecting a 3.7 percent decrease in comparable sales partially offset by sales from non-mature stores and an additional week in 2023. – more – Target Corporation”
Earnings Releases

TARGET CORP reported fourth quarter 2023 results: revenue $31.9 billion, EPS $2.98. Guidance initiated.

“declined 4.4 percent in the fourth quarter, reflecting comparable stores sales declines of 5.4 percent and a comparable digital sales decline of 0.7 percent. Total revenue of $31.9 billion grew 1.7 percent in the fourth quarter compared with 2022, driven by sales growth of 1.6 percent and a 9.8 percent increase in other revenue. Sales growth reflected an additional”

Don H. Liu departed as Executive Vice President and Chief Legal & Compliance Officer at TARGET CORP.

“On January 16, 2024, Don H. Liu, Executive Vice President and Chief Legal & Compliance Officer (CLCO), informed Target of his intention to retire as Target’s CLCO in 2024.”

John J. Mulligan departed as Executive Vice President and Chief Operating Officer at TARGET CORP.

“As previously disclosed, John J. Mulligan, Target’s current Executive Vice President and Chief Operating Officer, will step down from those positions, effective February 4, 2024 in conjunction with Mr. Fiddelke’s appointment, and will continue to be employed by Target as a non-executive officer in a strategic advisor role until February 1, 2025.”

Michael J. Fiddelke was appointed as Executive Vice President and Chief Operating Officer at TARGET CORP.

“On January 16, 2024, Target Corporation (“Target”) appointed Michael J. Fiddelke to the position of Executive Vice President and Chief Operating Officer, effective February 4, 2024.”
Earnings Releases

TARGET CORP reported third quarter 2023 results: revenue $25.4 billion, EPS $2.10. Guidance reaffirmed.

“declined 4.9 percent in the third quarter, reflecting a comparable store sales decline of 4.6 percent and a comparable digital sales decline of 6.0 percent. Total revenue of $25.4 billion was 4.2 percent lower than last year, reflecting a total sales decline of 4.3 percent and a 0.6 percent decrease in other revenue. Third quarter operating income of $1.3 billion”

John J. Mulligan was appointed as Strategic Advisor at TARGET CORP.

“On November 8, 2023, Target and Mr. Mulligan entered into an agreement (the “Transition Agreement”) providing that Mr. Mulligan will be employed by Target as a non-executive officer in a strategic advisor role, commencing February 3, 2024 (or a later date as mutually agreed) and ending February 1, 2025.”
Debt Financings

TARGET CORP incurred credit facility of up to $1.0 billion with Bank of America, N.A., as administrative agent at base rate or term SOFR rate (which includes a SOFR adjustment), in each case plu maturing October 16, 2024.

“October 25, 2022, which was scheduled to expire on October 24, 2023. Under the Credit Agreement, the Banks committed to provide loans in an aggregate principal amount of up to $1.0 billion, which may be increased from time to time by up to $500 million. Borrowings under the Credit Agreement bear interest at a base rate or term SOFR rate (which includes a SOFR”
Material Agreements

TARGET CORP terminated 364-Day Credit Agreement, dated as of October 25, 2022 (effective 2023-10-18).

“In connection with the entry into the Credit Agreement, Target terminated its prior 364-Day Credit Agreement, dated as of October 25, 2022, which was scheduled to expire on October 24, 2023.”
Material Agreements

TARGET CORP entered into Credit Agreement with banks listed therein; Bank of America, N.A., as administrative agent; Citibank, N.A., as syndication agent; BofA Securities, Inc., Citibank, N.A., J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, and U.S. Bank National Association, as joint lead arrangers and joint bookrunners valued at up to $1.0 billion (effective 2023-10-18).

“On October 18, 2023, Target Corporation (“Target”) entered into a 364-Day Credit Agreement (the “Credit Agreement”) with the banks listed therein (the “Banks”), the co-documentation agents listed therein, Bank of America, N.A., as administrative agent (the “Agent”), Citibank, N.A., as syndication agent, and BofA Securities, Inc., Citibank, N.A., J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, and U.S. Bank National Association, as joint lead arrangers and joint bookrunners.”

John J. Mulligan changed role as Executive Vice President and Chief Operating Officer (COO) at TARGET CORP.

“On October 11, 2023, John J. Mulligan, Executive Vice President and Chief Operating Officer (COO), informed Target of his intention to retire as Target’s COO in February 2024.”
Earnings Releases

TARGET CORP updated its the three months ended July 29, 2023 guidance (lowered).

“On August 16, 2023 , Target Corporation issued a News Release containing its financial results for the three months ended July 29, 2023.”
Shareholder Votes

TARGET CORP shareholders rejected Shareholder proposal to adopt a policy for an independent chairman at the 2023-06-14 meeting.

“The shareholders did not approve a shareholder proposal to adopt a policy for an independent chairman:”
Shareholder Votes

TARGET CORP shareholders approved Approve, on an advisory basis, the frequency of the Company's Say on Pay votes (1 Year) at the 2023-06-14 meeting.

“The shareholders approved, on an advisory basis, "1 Year" for the frequency of the Company's Say on Pay votes:”
Shareholder Votes

TARGET CORP shareholders approved Approve, on an advisory basis, the Company's executive compensation (Say on Pay) at the 2023-06-14 meeting.

“The shareholders approved, on an advisory basis, the Company's executive compensation:”
Shareholder Votes

TARGET CORP shareholders approved Ratify the appointment of Ernst & Young LLP as independent registered public accounting firm for fiscal 2023 at the 2023-06-14 meeting.

“The shareholders ratified the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for fiscal 2023:”
Shareholder Votes

TARGET CORP shareholders approved Election of twelve nominees as directors for a one-year term at the 2023-06-14 meeting.

“The shareholders elected twelve nominees as directors for a one-year term:”
Earnings Releases

TARGET CORP reported first quarter 2023 (three months ended April 29, 2023) results: revenue $25.3 billion, EPS $2.05. Guidance reaffirmed.

“sales were flat to last year in the first quarter, reflecting comparable store sales growth of 0.7 percent and comparable digital sales down (3.4) percent. Total revenue of $25.3 billion grew 0.6 percent compared with last year, reflecting total sales growth of 0.5 percent and a 10.2 percent increase in other revenue. Operating income of $1.3 billion in first”
Earnings Releases

TARGET CORP reported full-year 2023 results: EPS $7.75 to $8.75. Guidance initiated.

“For the full year, the Company expects comparable sales in a wide range from a low-single digit decline to a low-single digit increase. Operating income is expected to grow more than $1 billion, and GAAP EPS and adjusted EPS are both expected to range from $7.75 to $8.75.”
Earnings Releases

TARGET CORP reported first quarter 2023 results: EPS $1.50 to $1.90. Guidance initiated.

“First quarter GAAP EPS and adjusted EPS are both expected to range from $1.50 to $1.90.”
Earnings Releases

TARGET CORP reported full-year 2022 results: revenue $109.1 billion, EPS $5.98.

“Full-year total revenue of $109.1 billion grew 2.9 percent compared with 2021, reflecting sales growth of 2.8 percent and a 9.8 percent increase in other revenue.”
Earnings Releases

TARGET CORP reported fourth quarter 2022 results: revenue $31.4 billion, EPS $1.89.

“sales grew 0.7 percent in the fourth quarter, reflecting comparable stores sales growth of 1.9 percent and a comparable digital sales decline of (3.6) percent. Total revenue of $31.4 billion grew 1.3 percent in the fourth quarter compared with last year, driven by sales growth of 1.2 percent and an 8.4 percent increase in other revenue. Operating income was $1.2”

Melanie L. Healey departed as Director at TARGET CORP.

“On February 14, 2023, Melanie L. Healey informed the Board of Directors (the “Board”) of Target Corporation (“Target”) that she will not stand for re-election at Target's 2023 annual meeting of shareholders, which is expected to take place in June 2023 (the “2023 Annual Meeting”).”
Governance Changes

TARGET CORP: Amended and restated Bylaws to adopt universal proxy rules and make other updates, effective immediately (effective 2023-01-11).

“On January 11, 2023, in connection with the universal proxy rules adopted by the U.S. Securities and Exchange Commission and related requirements (the “Universal Proxy Rules”) and a periodic review of the Bylaws of Target Corporation (“Target”), the Board of Directors (the “Board”) of Target amended and restated Target’s Bylaws (the “Amended and Restated Bylaws”), effective immediately.”
Earnings Releases

TARGET CORP reported the three months ended October 29, 2022 results: revenue $26.5 billion, EPS $1.54. Guidance lowered.

“sales grew 2.7 percent in the third quarter, reflecting comparable store sales growth of 3.2 percent and comparable digital sales growth of 0.3 percent. Total revenue of $26.5 billion grew 3.4 percent compared with last year, reflecting total sales growth of 3.3 percent and a 9.5 percent increase in other revenue. Operating income was $1.0 billion in third”

Grace Puma was elected as Director at TARGET CORP.

“On August 10, 2022, the Board of Directors of Target Corporation (“Target”) elected Grace Puma as a director of Target and appointed Ms. Puma to serve on the Audit & Risk and Infrastructure & Finance Committees, each effective August 10, 2022.”

Michael E. McNamara departed as Executive Vice President and Chief Information Officer at TARGET CORP.

“Michael E. McNamara, Executive Vice President and Chief Information Officer, to retire from Target.”

Matthew A. Liegel was appointed as Chief Accounting Officer at TARGET CORP.

“On March 28, 2022, the Company appointed Matthew A. Liegel to replace Mr. Harrison as Chief Accounting Officer, effective April 3, 2022.”

Robert M. Harrison retired as Chief Accounting Officer at TARGET CORP.

“On March 28, 2022, Robert M. Harrison, the Company’s Chief Accounting Officer, informed the Company of his intent to retire.”

Mary E. Minnick departed as Member of the Board at TARGET CORP.

“On January 17, 2022, Mary E. Minnick informed the Board of Directors (the “Board”) of Target Corporation (“Target”) of her decision not to stand for re-election at the end of her current term expiring at the 2022 Annual Meeting of Shareholders in June.”

Michael E. McNamara departed as Executive Vice President and Chief Information Officer at TARGET CORP.

“Michael E. McNamara, Executive Vice President and Chief Information Officer (CIO), informed Target of his intention to retire as Target’s CIO in 2022.”

Kenneth L. Salazar resigned as Director at TARGET CORP.

“On August 5, 2021, Kenneth L. Salazar informed the Board of Directors of Target Corporation of his decision to resign from the Board, effective immediately.”

David P. Abney was elected as Director at TARGET CORP.

“On August 11, 2021, Target Corporation’s Board of Directors elected David P. Abney”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.