Form 8-K
8-K — TARGET CORP
Accession: 0000027419-26-000028
Filed: 2026-07-22
Period: 2026-07-18
CIK: 0000027419
SIC: 5331 (RETAIL-VARIETY STORES)
Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
Item: Financial Statements and Exhibits
Documents
8-K — tgt-20260718.htm (Primary)
EX-99 (july2026bodpressrelease.htm)
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8-K
8-K (Primary)
Filename: tgt-20260718.htm · Sequence: 1
tgt-20260718
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 18, 2026
Target Corporation
(Exact name of registrant as specified in its charter)
Minnesota 1-6049 41-0215170
(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)
1000 Nicollet Mall, Minneapolis, Minnesota
55403
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (612) 304-6073
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol(s) Name of each exchange on which registered
Common stock, par value $0.0833 per share TGT New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 18, 2026, the Board of Directors of Target Corporation (“Target”) elected Joe DePinto as a director of Target, effective August 1, 2026. Mr. DePinto was also appointed to serve on the Audit & Risk Committee and the Infrastructure & Finance Committee, each also effective August 1, 2026.
Mr. DePinto, 63, is the former President & Chief Executive Officer at 7-Eleven, Inc., a position he held from 2005 to December 2025. Prior to his role at 7-Eleven, Mr. DePinto was previously president of GameStop Corporation. He has also held leadership positions at PepsiCo, Inc. Mr. DePinto is currently on the board of directors for Brinker International.
There are no arrangements or understandings between Mr. DePinto and any other person pursuant to which Mr. DePinto 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 Mr. DePinto and Target.
Mr. DePinto will receive the annual compensation that Target provides to its non-employee directors as described in Target’s 2026 proxy statement.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
99
Target Corporation News Release dated July 22, 2026.
104 Cover Page Interactive Data File (formatted as inline XBRL).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
TARGET CORPORATION
Date: July 22, 2026 By: /s/ Grant B. McGee
Name: Grant B. McGee
Title: Executive Vice President and Chief Legal and Compliance Officer
EX-99
EX-99
Filename: july2026bodpressrelease.htm · Sequence: 2
Document
Exhibit 99
FOR IMMEDIATE RELEASE
Contacts: Target Media Hotline, (612) 696-3400, press@target.com
Target Appoints Former 7-Eleven CEO to Board of Directors
•Joe DePinto will join Target’s Board of Directors on Aug. 1 and serve on Infrastructure & Finance and Audit & Risk committees.
•DePinto adds expertise in operations, loyalty, fresh food and omnichannel capabilities as the company charts its next chapter of growth under CEO Michael Fiddelke.
MINNEAPOLIS, July 22, 2026 / PRNewswire / — Target Corporation (NYSE: TGT) announced the election of Joe DePinto, former president and chief executive officer of 7-Eleven, Inc., to its Board of Directors. The appointment is another step Target is taking to accelerate its enterprise strategy and fuel new growth under CEO Michael Fiddelke.
“At Target, we’re leading with merchandising authority, elevating the guest experience, accelerating technology and strengthening our team and communities to pave a new path of growth,” said Fiddelke. “Joe has spent his career relentlessly focused on the customer, empowering teams and delivering operational excellence. His perspective and experience in retail, with a particular emphasis in food and digital commerce, will be a tremendous asset to our Board as we continue building momentum against our strategy.”
DePinto brings more than three decades of leadership experience across retail and consumer products, having led the world's largest convenience retailer through significant expansion, digital innovation and evolving consumer preferences. During his tenure, 7-Eleven, Inc. accelerated investments in omnichannel capabilities, loyalty programs and fresh food offerings while growing its store footprint and strengthening its position as a leading convenience retailer.
DePinto has also held leadership roles at PepsiCo and GameStop and brings public company governance expertise from boards including Brinker International, Jo-Ann Stores and OfficeMax.
“We’re continually focused on ensuring the Board brings together the expertise and perspectives that align with the company’s strategic priorities,” added Christine Leahy,
Lead Independent Director of Target’s Board of Directors. “Joe’s extensive experience leading growth and omnichannel innovation across retail and consumer businesses will be a valuable addition to our Board as we help guide Target’s long-term success.”
About Target
Target Corporation brings together style, design and value to offer a distinct assortment and elevated shopping experience across more than 2,000 U.S. stores and online. Powered by more than 400,000 team members, Target serves millions of families each week and invests in the communities where they live and work to support growth and opportunity for all.
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