Target Corporation filed SEC Form 8-K: Leadership Update
$TGT
Department/Specialty Retail Stores
Consumer Discretionary
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 6, 2026
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 10, 2026, Target Corporation (“Target”) announced that Lisa Roath has been appointed to the position of Executive Vice President and Chief Operating Officer, effective February 15, 2026. Ms. Roath, 48, has been employed by Target since 2006, most recently as Executive Vice President and Chief Merchandising Officer of Food, Essentials & Beauty (January 2025 to present), Executive Vice President and Chief Marketing Officer (July 2023 to January 2025), and Senior Vice President, Merchandising - Food & Beverage (July 2020 to July 2023). In connection with her appointment, Ms. Roath will receive an annual base salary of $775,000. Ms. Roath will continue to be eligible for (i) the same target bonus opportunity as other members of Target’s leadership team, (ii) stock-based awards granted under Target’s 2020 Long-Term Incentive Plan, and (iii) other benefits available to members of Target’s leadership team. Ms. Roath will continue to be an “at-will” employee of Target and will have no specified term as Chief Operating Officer.
Also on February 10, 2026, Target announced that Rick Gomez, Executive Vice President and Chief Commercial Officer, will step down from his role, effective February 15, 2026. At such time, Mr. Gomez will transition to an advisor role and serve as a non-executive officer until April 17, 2026, pursuant to an agreement between Target and Mr. Gomez, entered into on February 6, 2026. Throughout the term of Mr. Gomez’s transition arrangement, he will continue to receive the rate of base salary currently in effect and the same target bonus opportunity as members of Target’s leadership team. Mr. Gomez is expected to depart Target on April 17, 2026, under circumstances that will entitle him to severance under Target’s Income Continuation Plan on account of his involuntary termination without cause. Mr. Gomez will also receive vesting of a portion of his long-term incentives in accordance with the terms of such awards. Mr. Gomez’s transition agreement will be filed as an exhibit to Target’s Annual Report on Form 10-K for the fiscal year ending January 31, 2026.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| TARGET CORPORATION | ||||||||
| Date: February 10, 2026 | By: | /s/ Melissa K. Kremer | ||||||
| Name: Melissa K. Kremer | ||||||||
| Title: Executive Vice President and Chief Human Resources Officer | ||||||||