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8-K - FORM 8-K - KOHLS Corp | kss8k.htm |
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| Exhibit 99.1 |
Kohls Corporation Holds Annual Shareholders Meeting
Company announces preliminary results of six initiatives up for shareholder vote
MENOMONEE FALLS, Wis.--(BUSINESS WIRE)--May. 10, 2012-- Kohls Corporation (NYSE:KSS) today held its annual shareholders meeting. Following are the preliminary results for the six initiatives voted upon by shareholders:
1. Kohls shareholders re-elected Peter Boneparth, Steven A. Burd, John F. Herma, Dale E. Jones, William S. Kellogg, Kevin Mansell, John E. Schlifske, Frank V. Sica, Peter M. 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 91 percent of the votes cast.
2. A proposal to ratify the appointment of Ernst & Young LLP as Kohls independent registered public accounting firm received more than 98 percent of the votes cast.
3. A non-binding advisory vote to approve the compensation of Kohls executive officers received more than 95 percent of the votes cast.
4. A shareholder proposal encouraging Kohls board of directors to develop a policy prohibiting the sale of products that use animal fur received approximately 3 percent of the votes cast.
5. A shareholder proposal requesting Kohls board of directors to amend Kohls Corporate Governance Guidelines to adopt and disclose a detailed succession planning policy received approximately 18 percent of the votes cast.
6. A shareholder proposal requesting Kohls executive pay committee to adopt a policy requiring that senior executives retain a significant percentage of stock acquired through equity pay programs until one year following the termination of their employment received approximately 21 percent of the votes cast.
Kohls 10-K, proxy and information about the companys 2011 financial performance are available at www.kohlscorporation.com.
About Kohl's
Based in Menomonee Falls, Wis., Kohls (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, Kohls operates 1,134 stores in 49 states. In support of the communities it serves, Kohls has raised more than $208 million for childrens
initiatives nationwide through its Kohls 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, visit www.Kohls.com, or join the discussion on Facebook http://www.facebook.com/kohls or
Twitter http://twitter.com/Kohls.
Source: Kohls Corporation
Kohl's
Investor Relations:
Wes McDonald, 262-703-1893
or
Media Relations:
Vicki Shamion, 262-703-1464
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