Target 2008 Annual Report Download - page 28

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We are a defendant in a civil lawsuit filed by the California Attorney General in October 2008 alleging that
we sold certain products that contained volatile organic compounds in excess of regulated limits (windshield
washer fluid and air fresheners) and other products that were not approved for sale in California (gas cans and
gas generators). The case is in its early stages and settlement discussions are continuing. We anticipate that
any resolution of this matter is likely to exceed $100,000 but will not be material to our financial position,
results of operations or cash flows. In addition, we are one of many defendants in a lawsuit filed on
February 13, 2008, by the State of California involving environmental matters that may involve potential
monetary sanctions in excess of $100,000. The allegation, initially made by the California Air Resources Board
in April 2006, involves a non-food product (hairspray) that allegedly contained levels of a volatile organic
compound in excess of permissible levels. We anticipate that the settlement, to be fully indemnified by the
vendor, is likely to exceed $100,000 but will not be material to our financial position, results of operations or
cash flows.
The American Jobs Creation Act of 2004 requires SEC registrants to disclose if they have been required
to pay certain penalties for failing to disclose to the Internal Revenue Service their participation in listed
transactions. We have not been required to pay any of the penalties set forth in Section 6707A(e)(2) of the
Internal Revenue Code.
For a description of other legal proceedings, see Note 18 of the Notes to Consolidated Financial
Statements included in Item 8, Financial Statements and Supplementary Data.
Item 4. Submission of Matters to a Vote of Security Holders
Not applicable
Item 4A. Executive Officers
The executive officers of Target as of March 11, 2009 and their positions and ages are as follows:
Name Title Age
Timothy R. Baer Executive Vice President, General Counsel and Corporate Secretary 48
Michael R. Francis Executive Vice President and Chief Marketing Officer 46
John D. Griffith Executive Vice President, Property Development 47
Beth M. Jacob Senior Vice President, Technology Services and Chief Information
Officer 47
Jodeen A. Kozlak Executive Vice President, Human Resources 45
Troy H. Risch Executive Vice President, Stores 41
Douglas A. Scovanner Executive Vice President and Chief Financial Officer 53
Terrence J. Scully President, Target Financial Services 56
Gregg W. Steinhafel Chairman of the Board, President and Chief Executive Officer 54
Kathryn A. Tesija Executive Vice President, Merchandising 46
Each officer is elected by and serves at the pleasure of the Board of Directors. There is neither a family
relationship between any of the officers named and any other executive officer or member of the Board of
Directors nor any arrangement or understanding pursuant to which any person was selected as an officer. The
service period of each officer in the positions listed and other business experience for the past five years is
listed below.
Timothy R. Baer Executive Vice President, General Counsel and Corporate Secretary since March
2007. Senior Vice President, General Counsel and Corporate Secretary from
June 2004 to March 2007. Senior Vice President from April 2004 to May 2004.
Vice President from February 2002 to March 2004.
Michael R. Francis Executive Vice President and Chief Marketing Officer since August 2008.
Executive Vice President, Marketing from January 2003 to August 2008.
John D. Griffith Executive Vice President, Property Development since January 2005. Senior Vice
President, Property Development from February 2000 to January 2005.
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