Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On August 10, 2022, the Board of Directors of Target Corporation ("Target")
elected Grace Puma as a director of Target and appointed Ms. Puma to serve on
the Audit & Risk and Infrastructure & Finance Committees, each effective August
10, 2022.
Ms. Puma, 59, served as executive vice president and chief operations officer at
PepsiCo from 2017 to April 2022. Previously, Ms. Puma served PepsiCo as senior
vice president, chief supply officer and senior vice president, global chief
procurement officer. Ms. Puma also served as senior vice president, global chief
procurement officer at United Airlines and held a variety of positions at Kraft
Foods and Motorola.
Ms. Puma will receive a one-time grant of restricted stock units with a grant
date fair value of $50,000, and the annual compensation Target provides to its
non-employee directors as described in Target's proxy statement.
There are no arrangements or understandings between Ms. Puma and any other
person pursuant to which Ms. Puma was selected as a director of Target. There
are no related person transactions within the meaning of Item 404(a) of
Regulation S-K promulgated by the Securities and Exchange Commission between Ms.
Puma and Target.
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses