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  "documentTitle": "Macellum Kohls Presentation April 2022",
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  "presentationDate": "2022-04-01 00:00:00",
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  "notes": "The table provides a longitudinal view of Kohl's Long-Term Incentive Plans (LTIP) targets vs actuals.",
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      "text": "The Board set net income lower targets in 2017 and 2018 by (23)% and (9)%, respectively, versus the prior year's actual results\nNet income targets fell by 16% from 2015 to 2018\nMs. Gass was paid a 200% LTIP in 2019 for achieving results 10% lower than the target set just two years earlier",
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      "text": "Source: Company SEC Filings, Bloomberg LP.. Note: Kohl's has not provided updated LTIP targets for 2020 and 20221.",
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      "text": "Kohl's Long-Term Incentive Plans ($mm) 2014-2016 2015-2017 2016-2018 2017-2019 2018-2020 Average 3-Yr Sales Target $19,867 $20,230 $19,593 $18,327 $18,863 % chg. vs. immediately preceding year 4% 7% 2% (2%) (1%) Average 3-Yr Adjusted Net Income Target $913 $923 $773 $520 $777 % chg. vs. immediately preceding year 3% 6% (1%) (23%) (9%) Average 3-Yr Sales, Actual $18,971 $18,993 $18,946 $19,029 $17,694 % chg. vs. immediately preceding year (0%) 0% (1%) 2% (7%) Actual 3-Yr Average Adjusted Net Income $774 $740 $789 $821 $419 % chg. vs. immediately preceding year (13%) (15%) 1% 22% (51%) CEO LTIP Payout as % of Target Level 62.4% 25.1% 118.3% 200.0% 83.5%",
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      "kind": "title",
      "text": "LTIP goals were consistently set lower and rewarded declining results",
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      "kind": "title",
      "text": "INABILITY TO ALIGN MANAGEMENT WITH SHAREHOLDERS (CONT.)",
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