Kohl's Corporation filed a current report on October 29, 2026, disclosing the appointment of Stacy Taffet as a new director and the expansion of its Board of Directors from eight to nine members.

Key Highlights

  • Board expanded: The Board of Directors increased its size from eight to nine members, effective October 29, 2026.
  • New director appointed: Stacy Taffet was appointed to fill the newly created Board seat, also effective October 29, 2026.
  • Committee assignment: Ms. Taffet will initially serve on the Audit Committee of the Board.
  • Equity award expected: Ms. Taffet is expected to receive a restricted share award on November 13, 2026, with a grant date fair value of approximately $145,000, calculated in accordance with FASB ASC Topic 718.
  • Vesting schedule: The restricted shares are expected to vest on the first anniversary of the grant date.
  • No related-party transactions: According to the filing, since February 2, 2025, there have been no transactions requiring disclosure under Item 404(a) of Regulation S-K involving Ms. Taffet.

Kohl's Adds Stacy Taffet to Its Board and Audit Committee

Kohl's Corporation (NYSE:KSS) disclosed in its October 29, 2026 filing that the Board of Directors voted to increase its size from eight to nine members and appointed Stacy Taffet to fill the new seat on the same date. According to the filing, Ms. Taffet will initially serve on the Board's Audit Committee.

The filing states that Ms. Taffet, as a non-employee director, will participate in the Company's Non-Employee Director Compensation Program, as described in Exhibit 10.8 of the Company's Annual Report on Form 10-K for the fiscal year ended January 31, 2026. She is expected to receive an equity award on November 13, 2026, comprised of restricted shares with a grant date fair value of approximately $145,000, calculated in accordance with FASB ASC Topic 718. The restricted shares are expected to vest on the first anniversary of the grant date. The filing notes that statements regarding the timing, value, and vesting of the award are forward-looking and subject to the Company's cautionary language.

The filing confirms there are no family relationships between Ms. Taffet and any director or executive officer of the Company, and no arrangements or understandings pursuant to which she was selected as a director. The Company also disclosed that since February 2, 2025, there have been no transactions, and no currently proposed transactions, in which Ms. Taffet had or would have a direct or indirect material interest requiring disclosure under Item 404(a) of Regulation S-K.

What Was Disclosed

Kohl's Corporation reported the expansion of its Board from eight to nine members and the appointment of Stacy Taffet as a director, effective October 29, 2026, along with details of her expected equity compensation and Audit Committee assignment.