8-KLeadership Changes

TARGET CORP 8-K Report, Executive Changes (Feb 14, 2023)

Filed February 14, 2023For Securities:TGT

Summary

This 8-K filing from Target Corporation (TGT) announces that Melanie L. Healey will not be standing for re-election to the Board of Directors at the upcoming 2023 annual meeting of shareholders, expected in June 2023. Ms. Healey will continue to serve her current term until the meeting, including her roles on the Compensation & Human Capital Management Committee and the Governance & Sustainability Committee. This departure, while not immediate, signifies a change in the Board's composition. Investors should monitor future filings for updates on board nominations and appointments.

Key Highlights

  • 1Melanie L. Healey will not seek re-election to Target's Board of Directors at the 2023 annual meeting.
  • 2Ms. Healey's term on the Board will conclude at the 2023 annual meeting.
  • 3She will continue to serve until the conclusion of her current term.
  • 4Ms. Healey is a member of the Compensation & Human Capital Management Committee.
  • 5Ms. Healey is also a member of the Governance & Sustainability Committee.
  • 6The 2023 annual meeting is anticipated to occur in June 2023.

Frequently Asked Questions

Melanie L. Healey is a current member of Target Corporation's Board of Directors. She also serves on the Compensation & Human Capital Management Committee and the Governance & Sustainability Committee.

Ms. Healey informed the Board on February 14, 2023, that she will not stand for re-election. Her service as a director will conclude at the 2023 annual meeting of shareholders, expected in June 2023.

This filing only states that Ms. Healey will not seek re-election. It does not provide reasons for her decision or suggest any immediate concerns regarding Target's governance or compensation practices. She will continue to serve in her current capacities until the annual meeting.

The announcement signals a future change in the composition of Target's Board of Directors. Investors may wish to follow subsequent board nominations and appointments, especially given Ms. Healey's committee memberships, to understand the ongoing board oversight and strategy.