8-KLeadership ChangesExhibits & Filings

TARGET CORP 8-K Report, Executive Changes (Mar 8, 2018)

Filed March 8, 2018For Securities:TGT

Summary

Target Corporation (TGT) announced a key change to its Board of Directors through an 8-K filing on March 8, 2018. The company elected Dmitri L. Stockton as a new director, effective March 5, 2018. Mr. Stockton brings substantial financial and leadership experience, having previously held senior executive positions at GE Asset Management and General Electric Company. This appointment is significant for investors as it enhances the board's expertise, particularly with Mr. Stockton's expected contributions to the Audit & Finance Committee and the Infrastructure & Investment Committee. His background in asset management and corporate strategy could provide valuable oversight and guidance as Target navigates its business objectives. The filing also details the compensation structure for Mr. Stockton as a non-employee director, including a one-time Restricted Stock Unit (RSU) grant.

Key Highlights

  • 1Dmitri L. Stockton appointed as a new Director to the Board of Directors, effective March 5, 2018.
  • 2Mr. Stockton's extensive experience includes former roles as Chairman, President & CEO of GE Asset Management and Senior Vice President at General Electric Company.
  • 3The Board has appointed Mr. Stockton to serve on the Audit & Finance Committee and the Infrastructure & Investment Committee.
  • 4Mr. Stockton will receive a one-time RSU grant valued at $50,000, in addition to standard non-employee director compensation.
  • 5This appointment aims to leverage Mr. Stockton's financial and leadership expertise for board oversight.
  • 6The news release detailing this board change is attached as an exhibit to the filing.

Frequently Asked Questions

Dmitri L. Stockton is a former executive with significant experience at GE Asset Management and General Electric Company. He has been appointed to Target's Board of Directors to bring his financial acumen and leadership experience to the company's oversight and strategic direction.

Mr. Stockton has been appointed to two key committees: the Audit & Finance Committee and the Infrastructure & Investment Committee.

Mr. Stockton will receive annual compensation typical for non-employee directors, as outlined in Target's proxy statement. Additionally, he will receive a one-time grant of Restricted Stock Units (RSUs) with a fair value of $50,000 as of the grant date.

This 8-K filing specifically details the appointment of a new director and his compensation. While it enhances board expertise, it does not directly disclose information about current financial performance issues or immediate strategic shifts. Such information would typically be found in other SEC filings like quarterly earnings reports (10-Q) or annual reports (10-K).