Form 8-K/A · Current Report · Filed 2024-08-13
Target Announces Transition Plan for Retiring Chief Legal & Compliance Officer
Target Corporation announced that Don H. Liu, its Executive Vice President and Chief Legal & Compliance Officer, intends to retire on August 12, 2024. Following his retirement, Liu will serve as a strategic advisor to the company from August 24, 2024, until May 24, 2025, during which he will continue to receive his current base salary and bonus opportunity.
- Filer
- Target Corporation TGT · NYSE
- Filed
- Accession
- 0000027419-24-000140
- CIK
- 0000027419
- Signal
- High impactConsumer Defensive
- Source
- Official filing on sec.gov ↗
Items reported
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Market reaction
Close before filing
$135.02
Next session
+0.5%
Since filing
+7.0%
Latest close
$144.49
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from TGT reporting the same item, with the next session's move:
About Target Corporation
Target Corporation is a major American mass-market retailer known for offering a broad assortment of general merchandise and food products to consumers. Originally founded in 1902 and headquartered in Minneapolis, Minnesota, Target operates a wide network of large-format stores across the United States, in addition to its robust e-commerce platform. Target's primary function is to provide customers with a highly curated selection of quality products at competitive prices, spanning categories such as apparel, home goods, electronics, and groceries. The company is notable for its focus on style and value, branding itself as "Expect More. Pay Less." Target Corporation impacts various sectors, prominently influencing retail, supply chain logistics, and consumer behavior trends with significant market strategies such as private label offerings and exclusive designer collaborations. Holding a considerable share of the retail market, Target plays a critical role in shaping the competitive landscape, balancing between robust in-store experiences and investments in digital transformation to meet evolving consumer demands. Its influence extends to the broader retail economy, often serving as a bellwether for consumer spending patterns and retail sector health.
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