TARGET CORP 8-K

What Happened

• Target Corporation filed an 8-K reporting that its Board elected John R. Hoke III as a director effective March 1, 2026, and Stephen B. Bratspies as a director effective April 1, 2026.
• Mr. Hoke (61) was also appointed to the Compensation & Human Capital Management Committee and the Governance & Sustainability Committee effective March 1, 2026. He is the former Chief Innovation Officer and earlier Chief Design Officer of NIKE, Inc., and currently serves on the board of MillerKnoll, Inc.
• Mr. Bratspies (58) was appointed to the Audit & Risk Committee and the Infrastructure & Finance Committee effective April 1, 2026. He most recently served as CEO of HanesBrands Inc. (Aug 2020–Dec 2025) and previously held senior merchandising roles at Walmart.
• The filing states there are no arrangements or understandings regarding their selections and no related-person transactions between either new director and Target. Both will receive Target’s standard annual non-employee director compensation as described in the company proxy.

Key Details

• Effective dates: John R. Hoke III — March 1, 2026; Stephen B. Bratspies — April 1, 2026.
• Committee assignments: Hoke — Compensation & Human Capital Management; Governance & Sustainability. Bratspies — Audit & Risk; Infrastructure & Finance.
• Backgrounds: Hoke — former NIKE Chief Innovation Officer/Chief Design Officer; Bratspies — former CEO of HanesBrands and former Chief Merchandising Officer at Walmart.
• Neither director has related-person transactions with Target; no special selection agreements reported.

Why It Matters

• Board composition: These additions bring retail, design, merchandising and consumer brand leadership experience to Target’s board and its key committees, which can influence oversight of strategy, risk, compensation and sustainability.
• Governance and oversight: Committee placements (audit, compensation, governance, infrastructure/finance) indicate the areas where each director will contribute expertise.
• Practical impact for investors: There are no disclosed related-party deals or special arrangements, and compensation will follow the company’s standard non-employee director policy, so immediate financial or governance changes disclosed in this filing are limited to the board appointments themselves.