Kohl's Corporation announced that board member Christine Day resigned from her position, effective May 5, 2025. Initially, the company stated her resignation was not due to disagreements with operations, policies, or practices.
However, Kohl's later updated its SEC filing to reflect that Day had sent emails indicating disagreements with the Board. These disagreements specifically related to how the company responded to an ISS recommendation on a say-on-pay proposal.
This resignation adds to the recent leadership turmoil at Kohl's, following the termination of CEO Ashley Buchanan. It highlights internal friction regarding corporate governance and executive compensation practices.
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