secwatch.observer — SEC 8-K summary
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Issuer:     Ollie's Bargain Outlet Holdings, Inc. (OLLI)
CIK:        0001639300
Form:       8-K
Filed at:   2022-06-28T23:59:59+00:00
Accession:  0001140361-22-024298
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ollie's Bargain Outlet amends Eric van der Valk's employment: salary to $525k, bonus targets raised
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1639300/000114036122024298/0001140361-22-024298-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1639300/000114036122024298/brhc10039217_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-024298

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer