<SEC-DOCUMENT>0000892712-21-000148.txt : 20210318
<SEC-HEADER>0000892712-21-000148.hdr.sgml : 20210318
<ACCEPTANCE-DATETIME>20210318164348
ACCESSION NUMBER:		0000892712-21-000148
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20210318
DATE AS OF CHANGE:		20210318

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:			0130

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11084
		FILM NUMBER:		21754907

	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>kssdefa14a.htm
<TEXT>
<HTML>
<HEAD>
</HEAD>
<BODY>
<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>
</TABLE>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
</DIV>
<DIV style=margin-left:72pt;width:468pt><P style='font:12pt Arial;margin-top:10pt;margin-bottom:0pt'><FONT style='font-family:Times New Roman'><B><I>GC</I></B><B><I> Email to </I></B><B><I>Relevant </I></B><B><I>Associates</I></B><B><I> (Shareholders) </I></B></FONT></P>
<P style='font:12pt Arial;margin-top:10pt;margin-bottom:0pt'><KBD style='position:absolute;font:12pt Times New Roman;margin-left:0pt'><FONT style='font:10pt Times New Roman'><B>To: </B></FONT></KBD><KBD style=margin-left:72pt></KBD><FONT style='font:10pt Times New Roman'>Management Board and above</FONT>&nbsp;</P>
<P style='font:10pt Arial;margin:0'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'><FONT style='font-family:Times New Roman'><B>From:</B> </FONT></KBD><KBD style=margin-left:72pt></KBD><FONT style='font-family:Times New Roman'>Jason Kelroy </FONT>&nbsp;</P>
<P style='font:10pt Arial;margin:0'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'><FONT style='font-family:Times New Roman'><B>Subject:</B> </FONT></KBD><KBD style=margin-left:72pt></KBD><FONT style='font-family:Times New Roman'>Recent Mail You May Have Received From Activists</FONT>&nbsp;</P>
<P style='font:10pt Arial;margin-top:10pt;margin-bottom:10pt;background-color:#FFFFFF'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'><FONT style='font-family:Times New Roman'>&lt;&lt;Kohl&#8217;s Logo&gt;&gt;</FONT></KBD><KBD style=margin-left:360pt></KBD><FONT style='font-family:Times New Roman'>March 18, 2021</FONT>&nbsp;</P>
<P style='font:10pt Arial;margin-top:10pt;margin-bottom:10pt;color:#222222;background-color:#FFFFFF'><FONT style='font-family:Times New Roman'>Dear Team, </FONT></P>
<P style='font:10pt Arial;margin-top:10pt;margin-bottom:10pt'><FONT style='font-family:Times New Roman'>Those of you who are Kohl&#8217;s shareholders may have recently received a communication from the group of activist investors seeking seats on our Board of Directors. These materials were distributed to you from the activists and include the activists&#8217; white voting card. You do not need to take any action with these materials.</FONT></P>
<P style='font:10pt Arial;margin-top:10pt;margin-bottom:10pt'><FONT style='font-family:Times New Roman'>We value the perspectives of all our shareholders and we will continue to engage with the activist investors with the objective of finding common ground that serves the interest of all shareholders.</FONT></P>
<P style='font:10pt Arial;margin-top:10pt;margin-bottom:10pt'><FONT style='font-family:Times New Roman'>In the coming weeks, if you are a Kohl&#8217;s shareholder, you will receive the first of several mailings from Kohl&#8217;s requesting your vote in the proxy contest against the activists. Our mailing will include Kohl&#8217;s BLUE voting card as well as instructions on how to vote your shares. I hope we will have your support for the Company&#8217;s slate of director nominees.</FONT></P>
<P style='font:10pt Arial;margin-top:10pt;margin-bottom:10pt'><FONT style='font-family:Times New Roman'>If you have inadvertently already voted using the activists&#8217; white voting card, you will have an opportunity to change your vote by using the Company&#8217;s BLUE voting card in the coming weeks. The latest dated card with your vote is what will be counted. </FONT></P>
<P style='font:10pt Arial;margin-top:10pt;margin-bottom:0pt;color:#222222'><FONT style='font-family:Times New Roman;background-color:#FFFFFF'>We continue to have great confidence in our current performance and the strategy 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 200% appreciation in our stock price since announcing our new strategy in October 2020. There is strong support for how we are approaching our strategy and future growth. </FONT></P>
<P style='font:10pt Arial;margin-top:10pt;margin-bottom:10pt'><FONT style='font-family:Times New Roman'>As always, we will update you on important developments as appropriate. Thank you all for your continued hard work and dedication.</FONT></P>
<P style='font:10pt Arial;margin-top:10pt;margin-bottom:0pt'><FONT style='font-family:Times New Roman'>Sincerely, </FONT></P>
<P style='font:10pt Arial;margin-top:10pt;margin-bottom:0pt'><FONT style='font-family:Times New Roman'>&lt;&lt;Jason&#8217;s signature&gt;&gt;</FONT></P>
<P style='font:10pt Arial;margin-top:10pt;margin-bottom:0pt'><FONT style='font-family:Times New Roman;background-color:#FFFFFF'>Jason Kelroy, Senior Executive Vice President, General Counsel &amp; Corporate Secretary</FONT></P>
<P style='font:10pt Arial;margin-top:10pt;margin-bottom:0pt;color:#222222'>&nbsp;</P>
<P style='font:10pt Arial;margin:0;color:#222222'><FONT style='font-family:Times New Roman;background-color:#FFFFFF'><B>Required SEC Disclosure</B></FONT></P>
<P style='font:10pt Arial;margin:0'>&nbsp;</P>
<P style='font:10pt Arial;margin:0'><A name=_Hlk66960742 /><FONT style='font-family:Times New Roman'><B>Cautionary Statement Regarding Forward-Looking Information</B></FONT></P>
<P style='font:10pt Arial;margin:0'><FONT style='font-family:Times New Roman'>This press release contains &#8220;forward-looking statements&#8221; within the meaning of the Private Securities Litigation Reform Act of 1995. The Company intends forward-looking terminology such as &#8220;believes,&#8221; &#8220;expects,&#8221; &#8220;may,&#8221; &#8220;will,&#8221; &#8220;should,&#8221; &#8220;anticipates,&#8221; &#8220;strategy,&#8221; &#8220;preliminary,&#8221; &#8220;plans,&#8221; or similar expressions to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, which could cause the Company's actual results to differ materially from those anticipated by the forward-looking statements. These risks and uncertainties include, but are not limited to, our ability to execute on and realize the benefits of our strategic plan, market conditions beyond our control, including the ongoing and evolving impact of the COVID-19 pandemic, that may negatively impact our stock price vis-&#224;-vis industry analyst expectations and the risks described more fully in Item 1A in the Company's Annual Report on Form 10-K, and in Item 1A of Part II in the Company's Quarterly Report on Form 10-Q for the </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:10pt Arial;margin:0'><FONT style='font-family:Times New Roman'>quarter ended May 2, 2020, which are expressly incorporated herein by reference, and other factors as may periodically be described in the Company's filings with the SEC. Forward-looking statements relate to the date initially made, and Kohl&#8217;s undertakes no obligation to update them.</FONT></P>
<P style='font:10pt Arial;margin:0'>&nbsp;</P>
<P style='font:10pt 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:10pt Arial;margin:0'><FONT style='font-family:Times New Roman'>Kohl&#8217;s has filed a preliminary proxy statement and form of BLUE proxy card with the SEC in connection with the solicitation of proxies for Kohl&#8217;s 2021 Annual Meeting of shareholders (the &#8220;Preliminary 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 the Preliminary Proxy Statement. To the extent holdings of such participants in Kohl&#8217;s securities have changed since the amounts described in the Preliminary 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. Details concerning the nominees of Kohl&#8217;s Board of Directors for election at the 2021 Annual Meeting are included in the Preliminary 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 TO BE FILED IN CONNECTION WITH THE 2021 ANNUAL MEETING, 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 Preliminary Proxy Statement and other documents filed by Kohl&#8217;s free of charge from the SEC&#8217;s website, www.sec.gov. Copies will also be available at no charge on the Kohl&#8217;s website at investors.kohls.com.</FONT></P>
<P style='font:10pt Arial;margin:0'>&nbsp;</P>
<P style='font:10pt Arial;margin:0;color:#FF0000'><FONT style='font-family:Times New Roman'><I>This email was sent to all Kohl&#8217;s Management Board and above.</I></FONT></P>
</DIV>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
