TGT: Leadership change

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers . On June 10, 2026, Target Corporation (the “Company”) held its 2026 Annual Meeting of Shareholders (the “Annual Meeting”). at which the Company’s shareholders approved the Amended and Restated Target Corporation 2020 Long-Term Incentive Plan (the “2026 Restatement”). The full text of the 2026 Restatement is attached hereto as Exhibit 10.27 and is incorporated herein by reference. Item 5.07 Submission of Matters to a Vote of Security Holders . At the Annual Meeting on June 10, 2026, the Company’s shareholders voted on the seven proposals described below. The final voting results, including the votes used to determine the results for each proposal under the applicable approval standard (as indicated by the borders), are set forth below. 1. The shareholders elected twelve nominees as directors for a one-year term: For Against Broker Nominee Shares % Shares % Abstain Non-Votes David P. Abney 327,624,367 97.5 8,496,692 2.5 871,117 55,551,812 George S. Barrett 302,029,550 89.9 34,062,789 10.1 899,837 55,551,812 Gail K. Boudreaux 325,913,152 97.0 10,068,744 3.0 1,010,280 55,551,812 Stephen B. Bratspies 330,492,945 98.3 5,661,291 1.7 837,940 55,551,812 Brian C. Cornell 292,419,953 87.2 43,104,768 12.8 1,467,455 55,551,812 Robert L. Edwards 326,841,941 97.2 9,295,589 2.8 854,646 55,551,812 Michael J. Fiddelke 333,039,464 99.1 3,038,231 0.9 914,481 55,551,812 John R. Hoke III 332,129,244 98.8 4,015,335 1.2 847,597 55,551,812 Christine A. Leahy 297,685,712 88.5 38,569,015 11.5 737,449 55,551,812 Monica C. Lozano 319,957,287 95.2 16,084,623 4.8 950,266 55,551,812 Derica W. Rice 324,581,603 96.5 11,603,952 3.5 806,621 55,551,812