Kohl's Corporation 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Kohl's Corporation on June 10, 2026. The filing discloses the appointment of Elliott Rodgers as Chief Operating Officer (COO), effective September 9, 2026. Mr. Rodgers previously served as Executive Vice President and Chief Operations Officer at Foot Locker, Inc.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics. This report focuses exclusively on executive compensation and appointment details.
Material Changes
The primary material change is the addition of Elliott Rodgers to the executive leadership team. Concurrently, Mr. Rodgers resigned from the board of directors of Levi Strauss & Co. effective June 15, 2026.
Compensation and Outlook
Mr. Rodgers' compensation package includes the following components:
- Base Salary: $900,000 annualized.
- Signing Incentive: $400,000 gross, subject to prorated reimbursement if employment ends voluntarily or for cause within one year.
- Annual Incentive: Target of 130% of base salary ($1,170,000), with a range of 0-200%.
- Long-Term Incentive: Annual target of $2,500,000. The prorated 2026 award is valued at $1,875,000, split 60% performance share units and 40% restricted stock units.
- Perquisites: Includes financial/tax advisory reimbursement, relocation assistance, and a commuting stipend for the first year.
- Pre-Employment Termination: $250,000 payable if the offer is withdrawn by the Company prior to the start date.
The filing contains no specific financial guidance, risk factors, or contingencies beyond standard executive employment terms.
Investor Verification Checklist
- Verify the effective start date of September 9, 2026, for the COO role.
- Review the attached Executive Compensation Agreement (Exhibit 10.2) for specific definitions of "Good Reason" and "Cause."
- Confirm the vesting schedules and performance metrics for the $1,875,000 long-term incentive award in Exhibits 10.3 and 10.4.
- Monitor the press release (Exhibit 99.1) for strategic context regarding the appointment.