Kohl’s Corporation Holds Annual Shareholders Meeting
Company announces preliminary results of five initiatives up for shareholder
MENOMONEE FALLS, Wis. -- May 16, 2013
Kohl’s Corporation (NYSE:KSS) today held its annual shareholders meeting.
Following are the preliminary results for the five initiatives voted upon by
Kohl’s shareholders re-elected Peter Boneparth, Steven A. Burd, Dale E.
Jones, Kevin Mansell, John E. Schlifske, Frank V. Sica, Peter M.
1. Sommerhauser, Stephanie A. Streeter, Nina G. Vaca and Stephen E. Watson
to the board of directors for one-year terms, with each director
receiving more than 87 percent of the votes cast.
As of the annual meeting, John F. Herma and William S. Kellogg retired
from Kohl’s board of directors. Kevin Mansell, Kohl’s chairman, president
and CEO, thanked Herma and Kellogg for their combined 80 years of
leadership, strategic counsel and service to the company. Following the
retirement of Mr. Herma and Mr. Kellogg, the size of the board of
directors was reduced to 10 members.
A proposal to ratify the appointment of Ernst & Young LLP as Kohl’s
2. independent registered public accounting firm received more than 97
percent of the votes cast.
3. A non-binding advisory vote to approve the compensation of Kohl’s
executive officers received more than 95 percent of the votes cast.
A shareholder proposal encouraging Kohl’s board of directors to develop a
4. policy on the prevention of animal cruelty related to the sale of
products containing animal fur received less than 3 percent of the votes
A shareholder proposal to require the chairman of the board of directors
to be an independent director received approximately 51 percent of the
votes cast. Noting the Kohl’s Board of Directors’ long history of
5. listening to the company’s shareholders, Mr. Mansell stated that the
Board’s Governance & Nominating Committee was expected to take this
matter up at a meeting in the near future, with any modifications of the
company’s Corporate Governance Guidelines to be in place by the time
Kohl’s next CEO is chosen, in accordance with the proposal.
Kohl’s 10-K, proxy and information about the company’s 2012 financial
performance are available at www.kohlscorporation.com.
Based in Menomonee Falls, Wis., Kohl’s (NYSE: KSS) is a family-focused,
value-oriented specialty department store offering moderately priced,
exclusive and national brand apparel, shoes, accessories, beauty and home
products in an exciting shopping environment. With a commitment to
environmental leadership, Kohl’s operates1,155stores in 49 states. In
support of the communities it serves, Kohl’s has raised more than$231million
for children’s initiatives nationwide through its Kohl’s Cares® cause
merchandise program, which operates under Kohl's Cares, LLC, a wholly-owned
subsidiary of Kohl's Department Stores, Inc. For a list of store locations and
information, or for the added convenience of shopping online,
visitwww.Kohls.com,join the discussion on Facebook
(http://www.facebook.com/kohls) or Twitter (http://twitter.com/kohls)or get
inspired on Pinterest (http://pinterest.com/kohls/) and Instagram
Kohl's Investor Relations:
Wes McDonald, 262-703-1893
Jen Johnson, 262-703-5241
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