Target Corporation filed SEC Form 8-K: Leadership Update
$TGT
Department/Specialty Retail Stores
Consumer Discretionary
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): May 20, 2025
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 21, 2025, Target Corporation (“Target”) announced that Christina Hennington, Executive Vice President and Chief Strategy and Growth Officer, will step down from her role, effective May 25, 2025. At such time, Ms. Hennington will transition to a strategic advisor role and serve as a non-executive officer until September 7, 2025, pursuant to an agreement between Target and Ms. Hennington, entered into on May 20, 2025. Throughout the term of Ms. Hennington’s transition arrangement, she will continue to receive the rate of base salary currently in effect. Ms. Hennington is expected to depart Target on September 7, 2025, under circumstances that will entitle her to severance under Target’s Income Continuation Plan on account of her involuntary termination without cause. Ms. Hennington will also receive vesting of a portion of her long-term incentives in accordance with the terms of such awards. Ms. Hennington’s transition agreement will be filed as an exhibit to Target’s Quarterly Report on Form 10-Q for the fiscal quarter ending August 2, 2025.
Effective as of May 21, 2025, Amy Tu, Executive Vice President and Chief Legal & Compliance Officer, will step down from her role. Following a brief transition period, Ms. Tu’s employment will end effective June 1, 2025. In connection with Ms. Tu’s departure, Target and Ms. Tu entered into a transition agreement on May 20, 2025. Under that agreement, Ms. Tu will be eligible for severance under Target’s Income Continuation Plan on account of her involuntary termination without cause. Ms. Tu will also receive vesting of a portion of her long-term incentives in accordance with the terms of such awards. Ms. Tu’s transition agreement will be filed as an exhibit to Target’s Quarterly Report on Form 10-Q for the fiscal quarter ending August 2, 2025.
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: May 21, 2025 | By: | /s/ Melissa K. Kremer | ||||||
| Name: Melissa K. Kremer | ||||||||
| Title: Executive Vice President and Chief Human Resources Officer | ||||||||