SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 4, 2016
(Exact name of registrant as specified in its charter)
(State or other jurisdiction
N56 W17000 Ridgewood Drive
Menomonee Falls, Wisconsin
(Address of principal executive offices)
Registrant’s telephone number, including area code: (262) 703-7000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of
On August 10, 2016, Kohl’s Corporation (the “Company”) issued a press release announcing that its Board of Directors elected Adrianne Shapira as a new board member, effective immediately. Ms. Shapira is expected to serve on the Governance & Nominating Committee.
The Company also announced that Dale Jones resigned as a member of the Board of Directors, effective as of August 9, 2016. Mr. Jones submitted a letter to the Company on August 4, 2016 communicating his intent to resign as a member of the Company’s Board of Directors. Mr. Jones’ resignation was accepted by the Board of Directors on August 9, 2016. Mr. Jones’ decision to resign as a director was not due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. He tendered his resignation due to scheduling conflicts with his other personal and professional commitments.
A copy of the press release announcing the election of Ms. Shapira and the resignation of Mr. Jones is attached as Exhibit 99.1 and incorporated herein by reference.
As a non-employee director of the Company, Ms. Shapira will participate in the Company’s Outside Director Compensation Program, as described on Exhibit 10.16 of the Company’s Annual Report on Form 10-K for the fiscal year ended January 30, 2016. Pursuant to the Outside Director Compensation Program, Ms. Shapira is expected to receive an equity award on September 15, 2016. This award, which will be comprised of restricted shares, will have a “grant date fair value” of approximately $110,000, calculated in accordance with FASB ASC Topic 718 (formerly FAS 123R). The restricted shares will vest on the first anniversary of the date of grant.
Ms. Shapira does not have any arrangement or understanding with any persons pursuant to which she was elected to serve as a director, except as described herein. Ms. Shapira does not have any family relationship with any officer or director of the Company. Further, Ms. Shapira has not been involved in any related transactions or relationships with the Company as defined in Item 404(a) of Regulation S-K.
Item 9.01. Financial Statements and Exhibits.
Exhibit No. Description
99.1 Press Release dated August 10, 2016
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: August 10, 2016
By: /s/ Jason J. Kelroy
Jason J. Kelroy
EVP, General Counsel & Secretary
Press Release dated August 10, 2016