leadership
confidence high
sentiment neutral
materiality 0.35
Ollie's Bargain Outlet amends Eric van der Valk's employment: salary to $525k, bonus targets raised
Ollie's Bargain Outlet Holdings, Inc.
- Base salary increased from $400,000 to $525,000 per year (31% raise).
- Target EBITDA bonus percentage increased from 50% to 75% of base salary.
- Maximum EBITDA bonus percentage increased from 100% to 150% of base salary.
- Changes effective June 28, 2022, retroactively applied to June 5, 2022.
- Legal counsel for notices changed from Weil Gotshal to Ropes & Gray LLP.