Target Corp. Files 8-K on Director & Officer Changes
Ticker: TGT · Form: 8-K · Filed: 2024-09-19T00:00:00.000Z
Sentiment: neutral
Topics: corporate-governance, executive-compensation, board-of-directors
Related Tickers: TGT
TL;DR
Target's board is changing, and exec pay is being adjusted. Keep an eye on this.
AI Summary
On September 19, 2024, Target Corporation filed an 8-K report detailing changes in its board of directors and executive compensation. Specifically, the filing announced the election of new directors and adjustments to compensatory arrangements for certain officers, though specific names and dollar amounts were not detailed in this initial filing.
Why It Matters
This filing indicates potential shifts in corporate governance and executive compensation strategies at Target, which could influence investor confidence and future business decisions.
Risk Assessment
Risk Level: low — The filing reports routine corporate governance changes and does not indicate any immediate financial distress or significant operational disruption.
Key Players & Entities
- Target Corporation (company) — Registrant
- Minnesota (location) — State of incorporation
- Minneapolis (location) — Principal executive offices city
- 1000 Nicollet Mall (location) — Principal executive offices street
FAQ
What specific changes were made to Target Corporation's board of directors?
The filing indicates the election of directors, but the specific names and details of the changes are not provided in this initial 8-K report.
Were there any changes to the compensation of Target's officers?
Yes, the filing mentions adjustments to compensatory arrangements of certain officers, but specific details regarding the nature or value of these adjustments are not included.
When was this 8-K filing submitted to the SEC?
The filing was submitted on September 19, 2024.
What is Target Corporation's principal executive office address?
Target Corporation's principal executive offices are located at 1000 Nicollet Mall, Minneapolis, Minnesota 55403.
What is the SEC file number for Target Corporation?
Target Corporation's SEC file number is 001-06049.
Filing Stats: 743 words · 3 min read · ~2 pages · Grade level 12.1 · Accepted 2024-09-19 06:37:05
Key Financial Figures
- $0.0833 — ich registered Common stock, par value $0.0833 per share TGT New York Stock Exchange
- $850,000 — e will receive an annual base salary of $850,000, will be eligible for a pro-rated annua
- $1.5 million — with a pro-rated target payout value of $1.5 million. The stock-based awards will consist of
- $2.2 m — ee will receive a cash sign-on bonus of $2.2 million, which is subject to repayment in
- $6.95 million — tive Plan with a target payout value of $6.95 million. This award of restricted stock units w
Filing Documents
- tgt-20240919.htm (8-K) — 28KB
- 0000027419-24-000160.txt ( ) — 150KB
- tgt-20240919.xsd (EX-101.SCH) — 2KB
- tgt-20240919_lab.xml (EX-101.LAB) — 22KB
- tgt-20240919_pre.xml (EX-101.PRE) — 12KB
- tgt-20240919_htm.xml (XML) — 3KB
SIGNATURES
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. TARGET CORPORATION Date: September 19, 2024 By: /s/ Melissa K. Kremer Name: Melissa K. Kremer Title: Executive Vice President and Chief Human Resources Officer