8-K 1 kss-8k_20190715.htm 8-K kss-8k_20190715.htm

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  July 15, 2019

KOHL’S CORPORATION

(Exact name of registrant as specified in its charter)

 

      Wisconsin      

  001-11084  

       39-1630919       

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

 N56 W17000 Ridgewood Drive    

   Menomonee Falls, Wisconsin     

53051

(Address of principal executive offices)

(Zip Code)

 

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)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange on which registered

Common Stock, $.01 par value

KSS

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 

 


 

 

Item 5.02.   Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

 

On July 15, 2019, the Board of Directors of Kohl’s Corporation (the “Company”) increased the size of the Board to eleven members and elected Michael Bender to fill the new Board seat effective immediately.  Mr. Bender will initially serve on the Board of Directors’ Audit and Governance and Nominating Committees.  A copy of the press release announcing the election is attached as Exhibit 99.1 and incorporated herein by reference.

 

As a non-employee director of the Company, Mr. Bender will participate in the Company’s Non-Employee Director Compensation Program, as described on Exhibit 10.17 of the Company’s Annual Report on Form 10-K for the fiscal year ended February 2, 2019.  Pursuant to the Non-Employee Director Compensation Program, Mr. Bender is expected to receive an equity award on August 15, 2019.  This award, which will be comprised of restricted shares, will have a “grant date fair value” of approximately $125,000, calculated in accordance with FASB ASC Topic 718.  The restricted shares will vest on the first anniversary of the date of grant.

 

Mr. Bender does not have any arrangement or understanding with any persons pursuant to which he was elected to serve as a director, except as described herein.  Mr. Bender does not have any family relationship with any officer or director of the Company.  Further, Mr. Bender 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.

(d)  Exhibits

Exhibit No.Description

99.1 Press Release dated July 15, 2019

 

 

SIGNATURES

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:  July 15, 2019

 

KOHL'S CORPORATION

 

 

 

 

 

 

 

By:

 

/s/ Jason J. Kelroy

 

 

 

 

Jason J. Kelroy

 

 

 

 

Executive Vice President,

 

 

 

 

General Counsel and Secretary