<SEC-DOCUMENT>0000892712-21-000112.txt : 20210304
<SEC-HEADER>0000892712-21-000112.hdr.sgml : 20210304
<ACCEPTANCE-DATETIME>20210304171015
ACCESSION NUMBER:		0000892712-21-000112
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20210304
DATE AS OF CHANGE:		20210304

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KOHLS Corp
		CENTRAL INDEX KEY:			0000885639
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-DEPARTMENT STORES [5311]
		IRS NUMBER:				391630919
		STATE OF INCORPORATION:			WI
		FISCAL YEAR END:			0201

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11084
		FILM NUMBER:		21715190

	BUSINESS ADDRESS:	
		STREET 1:		N56 W17000 RIDGEWOOD DR
		CITY:			MENOMONEE FALLS
		STATE:			WI
		ZIP:			53051
		BUSINESS PHONE:		262 703 7000

	MAIL ADDRESS:	
		STREET 1:		N56 W17000 RIDGEWOOD DR
		CITY:			MENOMONEE FALLS
		STATE:			WI
		ZIP:			53051

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	KOHLS CORPORATION
		DATE OF NAME CHANGE:	19930328
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>kss14a.htm
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<TITLE>Kohl's 14A</TITLE>
<DIV style=margin-left:36pt;width:553.5pt><P align=center style='font:10pt Times New Roman;margin:0'>UNITED STATES</P>
<P align=center style='font:10pt Times New Roman;margin:0'>SECURITIES AND EXCHANGE COMMISSION</P>
<P align=center style='font:10pt Times New Roman;margin:0'>Washington, D.C. 20549</P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'>SCHEDULE 14A INFORMATION</P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'>PROXY STATEMENT PURSUANT TO SECTION 14(a)</P>
<P align=center style='font:10pt Times New Roman;margin:0'>OF THE SECURITIES EXCHANGE ACT OF 1934</P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'>(AMENDMENT NO. ____)</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>Filed by the Registrant [X]</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>Filed by a Party other than the Registrant [ &nbsp;&nbsp;]</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>Check the appropriate box:</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'>[ &nbsp;&nbsp;]</KBD><KBD style=margin-left:36pt></KBD>Preliminary Proxy Statement&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'>[ &nbsp;&nbsp;]</KBD><KBD style=margin-left:36pt></KBD>Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'>[ &nbsp;&nbsp;]</KBD><KBD style=margin-left:36pt></KBD>Definitive Proxy Statement&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'>[ &nbsp;&nbsp;]</KBD><KBD style=margin-left:36pt></KBD>Definitive Additional Materials&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'>[X]</KBD><KBD style=margin-left:36pt></KBD>Soliciting Material Pursuant to &#167;240.14a-12&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE style=border-collapse:collapse><TR><TD valign=top style='width:478.8pt;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'>KOHL&#8217;S CORPORATION</P>
</TD></TR>
<TR><TD valign=top style='width:478.8pt;border-top:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'>(Name of Registrant as Specified In Its Charter)</P>
</TD></TR>
<TR><TD valign=top style='width:478.8pt;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top style='width:478.8pt;border-top:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'>Name of Person(s) Filing Proxy Statement if other than the Registrant)</P>
</TD></TR>
<TR><TD valign=top style=width:478.8pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
</TABLE>
<P style='font:10pt Times New Roman;margin:0'>Payment of Filing Fee (Check the appropriate box):</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'>[X]</KBD><KBD style=margin-left:36pt></KBD>No fee required.&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'>[ &nbsp;&nbsp;]</KBD><KBD style=margin-left:36pt></KBD>Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE style=border-collapse:collapse><TR><TD valign=top style=width:41.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:22.5pt><P style='font:10pt Times New Roman;margin:0'>(1)</P>
</TD><TD valign=top style=width:256.5pt><P style='font:10pt Times New Roman;margin:0'>Title of each class of securities to which transaction applies:</P>
</TD><TD valign=top style='width:158.4pt;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top style=width:41.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:22.5pt><P style='font:10pt Times New Roman;margin:0'>(2)</P>
</TD><TD valign=top style=width:256.5pt><P style='font:10pt Times New Roman;margin:0'>Aggregate number of securities to which transaction applies:</P>
</TD><TD valign=top style='width:158.4pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top style=width:41.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:22.5pt><P style='font:10pt Times New Roman;margin:0'>(3)</P>
</TD><TD valign=top style=width:256.5pt><P style='font:10pt Times New Roman;margin:0'>Per unit price or other underlying value of transaction </P>
</TD><TD valign=top style='width:158.4pt;border-top:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top style=width:41.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:22.5pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:256.5pt><P style='font:10pt Times New Roman;margin:0'>&#160;&#160;computed pursuant to Exchange Act Rule 0-11</P>
</TD><TD valign=top style=width:158.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top style=width:41.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:22.5pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:256.5pt><P style='font:10pt Times New Roman;margin:0'>(Set forth the amount on which the filing fee is calculated </P>
</TD><TD valign=top style=width:158.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top style=width:41.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:22.5pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:256.5pt><P style='font:10pt Times New Roman;margin:0'>&#160;&#160;and state how it was determined):</P>
</TD><TD valign=top style='width:158.4pt;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top style=width:41.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:22.5pt><P style='font:10pt Times New Roman;margin:0'>(4)</P>
</TD><TD valign=top style=width:256.5pt><P style='font:10pt Times New Roman;margin:0'>Proposed maximum aggregate of transaction:</P>
</TD><TD valign=top style='width:158.4pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top style=width:41.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:22.5pt><P style='font:10pt Times New Roman;margin:0'>(5)</P>
</TD><TD valign=top style=width:256.5pt><P style='font:10pt Times New Roman;margin:0'>Total fee paid:</P>
</TD><TD valign=top style='width:158.4pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top style=width:41.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:22.5pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:256.5pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style='width:158.4pt;border-top:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
</TABLE>
<P style='font:10pt Times New Roman;margin:0'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'>[ &nbsp;&nbsp;]</KBD><KBD style=margin-left:36pt></KBD>Fee paid previously with preliminary materials.&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-36pt'>[ &nbsp;&nbsp;]</KBD>Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. &nbsp;Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;text-indent:-36pt;margin-left:36pt'>&nbsp;</P>
<TABLE style=border-collapse:collapse><TR><TD valign=top style=width:41.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:22.5pt><P style='font:10pt Times New Roman;margin:0'>(1)</P>
</TD><TD valign=top style=width:207pt><P style='font:10pt Times New Roman;margin:0'>Amount Previously Paid:</P>
</TD><TD valign=top style='width:207.9pt;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top style=width:41.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:22.5pt><P style='font:10pt Times New Roman;margin:0'>(2)</P>
</TD><TD valign=top style=width:207pt><P style='font:10pt Times New Roman;margin:0'>Form, Schedule or Registration Statement No.:</P>
</TD><TD valign=top style='width:207.9pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top style=width:41.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:22.5pt><P style='font:10pt Times New Roman;margin:0'>(3)</P>
</TD><TD valign=top style=width:207pt><P style='font:10pt Times New Roman;margin:0'>Filing Party:</P>
</TD><TD valign=top style='width:207.9pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top style=width:41.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:22.5pt><P style='font:10pt Times New Roman;margin:0'>(4)</P>
</TD><TD valign=top style=width:207pt><P style='font:10pt Times New Roman;margin:0'>Date Filed:</P>
</TD><TD valign=top style='width:207.9pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
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</DIV>
<DIV style=margin-left:72pt;width:468pt><P style='font:11pt Arial;margin:0'>&nbsp;</P>
<P style='font:11pt Arial;margin:0'><FONT style='font-family:Times New Roman'><B>Important Shareholder Information and Where You Can Find It </B></FONT></P>
<P style='font:11pt Arial;margin:0'><FONT style='font-family:Times New Roman'>Kohl&#8217;s intends to file a proxy statement and BLUE proxy card with the SEC in connection with the solicitation of proxies for Kohl&#8217;s 2021 Annual Meeting of shareholders (the &#8220;Proxy Statement&#8221; and such meeting the &#8220;2021 Annual Meeting&#8221;). Kohl&#8217;s, its directors and certain of its executive officers will be participants in the solicitation of proxies from shareholders in respect of the 2021 Annual Meeting. Information regarding the names of Kohl&#8217;s directors and executive officers and their respective interests in Kohl&#8217;s by security holdings or otherwise is set forth in Kohl&#8217;s proxy statement for the 2020 Annual Meeting of shareholders, filed with the SEC on March 26, 2020 (the &#8220;2020 Proxy Statement&#8221;). To the extent holdings of such participants in Kohl&#8217;s securities have changed since the amounts described in the 2020 Proxy Statement, such changes have been reflected on Initial Statements of Beneficial Ownership on Form 3 or Statements of Change in Ownership on Form 4 filed with the SEC or will be filed within the time period specified by Section 16 of the Securities Exchange Act of 1934, as amended, and the regulations thereunder. Additional information is available in Kohl&#8217;s Quarterly Reports on Form 10-Q for the first three quarters of the fiscal year ended January 30, 2021 filed with the SEC on June 5, 2020, September 3, 2020 and December 3, 2020, respectively. Details concerning the nominees of Kohl&#8217;s Board of Directors for election at the 2021 Annual Meeting will be included in the Proxy Statement. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SHAREHOLDERS OF KOHL&#8217;S ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH OR FURNISHED TO THE SEC, INCLUDING KOHL&#8217;S DEFINITIVE PROXY STATEMENT, ANY SUPPLEMENTS THERETO AND THE ACCOMPANYING BLUE PROXY CARD BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and shareholders will be able to obtain a copy of the definitive Proxy Statement and other documents filed by Kohl&#8217;s free of charge from the SEC&#8217;s website, </FONT><FONT style='font-family:Times New Roman;color:#0000FF;border-bottom:1px solid #0000FF'>www.sec.gov</FONT><FONT style='font-family:Times New Roman'>. Copies will also be available at no charge on the Kohl&#8217;s website at </FONT><FONT style='font-family:Times New Roman;color:#0000FF;border-bottom:1px solid #0000FF'>investors.kohls.com</FONT><FONT style='font-family:Times New Roman'>.</FONT></P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P style='font:11pt Arial Narrow;margin:0'>&nbsp;</P>
<P style='font:11pt Arial Narrow;margin:0'>&nbsp;</P>
<P align=center style='font:11pt Arial Narrow;margin:0'><B>Michelle Gass Associate Address</B></P>
<P align=center style='font:11pt Arial Narrow;margin:0'><B>March 4, 2021</B></P>
<P style='font:11pt Arial Narrow;margin:0;background-color:#FFFFFF'>&nbsp;</P>
<P style='font:11pt Arial Narrow;margin:0;background-color:#FFFFFF'>Hi Kohl's team, Before I start today's Town Hall, I want to spend a few minutes on last week&#8217;s news around activist investors taking a position in Kohl's. &nbsp;While I did share an email message with the company on the day that news broke - I know not everyone saw that note so I wanted to reiterate the message I shared. </P>
<P style='font:11pt Arial Narrow;margin:0;background-color:#FFFFFF'>&nbsp;</P>
<P style='font:11pt Arial Narrow;margin:0;background-color:#FFFFFF'>Last week, a small group of our investors publicly announced some ideas about our strategy and path forward, in addition to making board nominations. This announcement garnered a variety of media attention which you've likely seen.</P>
<P style='font:11pt Arial Narrow;margin:0;background-color:#FFFFFF'>&nbsp;</P>
<P style='font:11pt Arial Narrow;margin:0;background-color:#FFFFFF'>It is relatively common for certain investors to take a position like this with public companies. While we have confidence in our plans and the progressive improvement we see in the business, we listen to the opinions of all of our shareholders and maintain an ongoing dialogue to hear their views. We also continue to work with them to make sure they understand our long-term strategy and continued commitment to create shareholder value. </P>
<P style='font:11pt Arial Narrow;margin:0;background-color:#FFFFFF'> &nbsp;</P>
<P style='font:11pt Arial Narrow;margin:0;background-color:#FFFFFF'>I've been sharing business updates with you frequently through the year and this news does not change anything about all of the good news we&#8217;ve had to celebrate. We successfully navigated the business through an extremely challenging year and we've had three consecutive quarters of progressive improvement, and momentum going into 2021. We were fortunate to be in a strong financial position as we entered the pandemic and with the incredible agility of this entire organization, we&#8217;ve managed through the challenges, announced a new long-term strategy, and are even a stronger company now. This is our shared success as a result of all of your hard work and commitment to Kohl&#8217;s.</P>
<P style='font:11pt Arial Narrow;margin:0;background-color:#FFFFFF'> &nbsp;</P>
<P style='font:11pt Arial Narrow;margin:0;background-color:#FFFFFF'>As we look toward building our business for the future, please be assured that our management team and the Board have great confidence in our current performance and the plans we have in place for the next chapter of Kohl's. We are working in the best interests of all our stakeholders and are encouraged by the seven equity analyst upgrades and 170% appreciation in our stock price since announcing our new strategy in October 2020 -- and there is strong support for how we are approaching our strategy and future growth.</P>
<P style='font:11pt Arial Narrow;margin:0;background-color:#FFFFFF'> &nbsp;</P>
<P style='font:11pt Arial;margin:0;background-color:#FFFFFF'><FONT style='font-family:Arial Narrow'>Over the next few weeks and months, you may see more speculation and commentary in the media regarding these investors&#8217; intentions, but I ask that you continue to stay focused on the business, our key initiatives and serving the customer. I will share updates with you on important developments, as appropriate. I value all you are doing to support our business and serve customers, and I appreciate your commitment and efforts as we together create a very bright future for Kohl's.</FONT></P>
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