Kohl’s Corporation Holds Annual Shareholders Meeting

Rhea-AI Summary

Kohl’s Corporation (NYSE: KSS) held its annual shareholders meeting, announcing the results for four key proposals voted on by shareholders. All directors nominated were elected with over 96% approval. The compensation for named executive officers received more than 94% support, while the appointment of Ernst & Young LLP as the independent accounting firm was ratified with over 91% approval. However, a shareholder proposal for written consent rights garnered less than 10% of votes.

Positive

• All nominated directors were elected with over 96% of votes.
• Compensation for named executives received more than 94% approval.
• Appointment of Ernst & Young LLP as auditors ratified with over 91% support.

Negative

• Shareholder proposal for written consent received less than 10% approval.

Kohl’s Corporation (NYSE:KSS) today held its annual shareholders meeting. Following are the preliminary results for the four proposals voted upon by shareholders:

1. Kohl’s shareholders elected Michael Bender, Peter Boneparth, Steve A. Burd, Yael Cosset, H. Charles Floyd, Michelle Gass, Robbin Mitchell, Jonas Prising, John E. Schlifske, Adrianne Shapira, Frank V. Sica and Stephanie A. Streeter to the board of directors for one-year terms, with an average vote of more than 96 percent of the votes cast. As previously disclosed, Christine Day, Margaret Jenkins and Thomas Kingsbury were also appointed as directors effective as of the close of the meeting.
2. An advisory vote to approve the compensation of Kohl’s named executive officers received more than 94 percent of the votes cast.
3. A proposal to ratify the appointment of Ernst & Young LLP as Kohl’s independent registered public accounting firm received more than 91 percent of the votes cast.
4. A shareholder proposal on shareholder right to act by written consent received less than 10 percent of the votes cast.

Kohl’s 10-K, proxy and information about the company’s 2020 financial performance are available at Corporate.Kohls.com.

About Kohl’s

Kohl’s (NYSE: KSS) is a leading omnichannel retailer. With more than 1,100 stores in 49 states and the online convenience of Kohls.com and the Kohl's App, Kohl's offers amazing national and exclusive brands at incredible savings for families nationwide. Kohl’s is uniquely positioned to deliver against its strategy and its vision to be the most trusted retailer of choice for the active and casual lifestyle. Kohl’s is committed to progress in its diversity and inclusion pledges, and the company's environmental, social and corporate governance (ESG) stewardship. For a list of store locations or to shop online, visit Kohls.com. For more information about Kohl’s impact in the community or how to join our winning team, visit Corporate.Kohls.com or follow @KohlsNews on Twitter.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210512005633/en/

FAQ

What were the results of Kohl's annual shareholders meeting on KSS?

Kohl's annual shareholders meeting resulted in all nominated directors being elected with over 96% approval, executive compensation receiving more than 94% support, and the ratification of Ernst & Young LLP as auditors with over 91% approval.

What did shareholders vote on during Kohl's meeting for KSS?

Shareholders voted on the election of directors, approval of executive compensation, ratification of independent auditors, and a shareholder proposal regarding written consent.

How did shareholders vote on the proposal for written consent for KSS?

The proposal for written consent received less than 10% of the votes cast, indicating significant disapproval.