Corporate GovernanceMay 21, 2026, 05:36 PM
Kohl's Shareholders Approve Amended Long-Term Comp Plan, Adds 5.2M Shares
AI Summary
Kohl's shareholders approved the amended and restated 2024 Long-Term Compensation Plan, which significantly increases the number of authorized shares for issuance by 5,200,000, bringing the total to 12,850,000, in addition to 4,785,851 unused shares. The plan's term was also extended by ten years to May 20, 2036, and a $750,000 annual compensation limit for non-employee directors was established. Furthermore, shareholders re-elected all eight director nominees, approved the compensation of named executive officers, and ratified Ernst & Young LLP as the independent registered public accounting firm.
Key Highlights
- Shareholders approved the Kohl's Corporation 2024 Long-Term Compensation Plan, as amended and restated.
- The plan increased authorized shares for issuance by 5,200,000 shares.
- Aggregate authorized shares under the plan are 12,850,000, plus 4,785,851 unused shares.
- The plan's term was extended for ten years through May 20, 2036.
- A $750,000 annual compensation limit was established for non-employee directors.
- All eight director nominees were elected for a one-year term.
- Shareholders approved the advisory vote on named executive officer compensation with 66,512,423 votes For.
- Ernst & Young LLP was ratified as the independent auditor with 86,826,762 votes For.
Price Impact
More from KSS
More in Corporate Governance