KOHLS Corp
For the period ended May 15, 2024. Filed Apr 5, 2024.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 15, 2024 · Filed Apr 5, 2024
Contents
PERFORMANCE EVALUATION PROCESS
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| | Executive Compensation | | ||||||||||||||||||||||||||||||||||||||
| · Company · · · · 20 Trading Day Market Capitalization(1) ($ Billions) · · · Revenue(1) ($ Billions) · · · · · | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | Best Buy Co., Inc. | | | | | | 15.7 | | | | | | 50.8 | | | | | | |
| | The TJX Companies, Inc. | | | | | | 68.1 | | | | | | 49.9 | | | | | | |
| | Dollar Tree, Inc. | | | | | | 36.1 | | | | | | 26.7 | | | | | | |
| | Macy’s, Inc. | | | | | | 5.0 | | | | | | 26.0 | | | | | | |
| | | | | | | | 4.3 | | | | | | 19.3 | | | | | ◀ Kohl’s Corporation | |
| | Ross Stores, Inc. | | | | | | 26.1 | | | | | | 18.7 | | | | | | |
| | Gap, Inc. | | | | | | 3.2 | | | | | | 16.1 | | | | | | |
| | Nordstrom, Inc. | | | | | | 3.5 | | | | | | 15.3 | | | | | | |
| | Dick’s Sporting Goods, Inc. | | | | | | 6.3 | | | | | | 12.1 | | | | | | |
| | Burlington Stores, Inc. | | | | | | 9.8 | | | | | | 9.1 | | | | | | |
| | Foot Locker, Inc. | | | | | | 2.5 | | | | | | 9.0 | | | | | | |
| | Ulta Beauty, Inc. | | | | | | 20.3 | | | | | | 9.0 | | | | | | |
| | Bed, Bath & Beyond, Inc. | | | | | | 0.4 | | | | | | 7.4 | | | | | | |
(1)
All market capitalization and revenue data are rounded. Revenues are trailing four quarters and market capitalization is as of July 15, 2022.
| | | | | Customer Segment | | | | | | Product Segment | | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | Company | | | High-End | | | Mid-Tier | | | Off-Price | | | | | Active/Shoes | | | Apparel | | | Home | | | Beauty | | | Multiline | | |
| | Bed, Bath & Beyond, Inc. | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
| | Best Buy Co., Inc. | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
| | Burlington Stores, Inc. | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
| | Dick’s Sporting Goods, Inc. | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
| | Dollar Tree, Inc. | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
| | Foot Locker, Inc. | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
| | Gap, Inc. | | | | | | | | | | | | | | | | | | | | | | | | | | |||
| | Macy’s, Inc. | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
| | Nordstrom, Inc. | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
| | Ross Stores, Inc. | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
| | The TJX Companies, Inc. | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
| | Ulta Beauty, Inc. | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
The Committee believes this Compensation Benchmarking Peer Group includes retail companies that fulfill the criteria set in establishing the group and that the included companies represent an
appropriate range of revenue and market capitalization against which to compare our pay practices in the near term.
Performance evaluation process
The Committee uses a disciplined process to assess performance and to reward and retain top talent. A primary consideration when setting our executive officers’ compensation is each individual’s performance against pre-established business-specific performance objectives that are intended to increase long-term shareholder value. The CEO assesses, and discusses with the Committee, the
performance of the other executive officers each year. In early 2023, the Committee determined that Mr. Kingsbury’s fiscal 2023 performance considerations would include detailed objectives regarding sales growth and other key financial metrics. Key performance objectives for fiscal 2023 were also developed for each of the other NEOs and reviewed with the Committee in early 2023.
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