TARGET CORP 8-K

What Happened

• Target Corporation announced on Feb 10, 2026 (filed on Form 8-K) that Lisa Roath, 48, will become Executive Vice President and Chief Operating Officer, effective Feb 15, 2026. Roath has worked at Target since 2006 and most recently served as Executive VP & Chief Merchandising Officer of Food, Essentials & Beauty (Jan 2025–present).
• The company also announced that Rick Gomez, Executive VP and Chief Commercial Officer, will step down from that role effective Feb 15, 2026 and transition to an advisor / non‑executive officer role through Apr 17, 2026 under a transition agreement dated Feb 6, 2026.

Key Details

• Lisa Roath’s annual base salary: $775,000; she remains an at‑will employee with no fixed term as COO.
• Roath will be eligible for Target’s leadership target bonus, stock-based awards under the 2020 Long‑Term Incentive Plan, and other leadership benefits.
• During his transition (through Apr 17, 2026) Rick Gomez will continue receiving his current base salary and the same target bonus opportunity as other leaders.
• Gomez is expected to depart on Apr 17, 2026 and, per the filing, will be entitled to severance under Target’s Income Continuation Plan for an involuntary termination without cause; a portion of his long‑term incentives will vest in accordance with award terms. The transition agreement will be filed as an exhibit to Target’s Form 10‑K for the fiscal year ending Jan 31, 2026.

Why It Matters

• This is a senior leadership change for Target’s operations and commercial functions: an internal promotion of a long‑tenured executive (Roath) suggests continuity in merchandising and operations strategy.
• The disclosed compensation and transition terms (salary continuation, bonus eligibility, severance and incentive vesting) are concrete near‑term obligations that investors can expect to see reflected in executive compensation disclosures and possibly in reported expenses or equity vesting activity in the company’s forthcoming filings.