---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-030519"
form_type: "8-K"
ticker: "OLLI"
cik: "0001639300"
company_name: "Ollie's Bargain Outlet Holdings, Inc."
filed_at: "2022-08-22T23:59:59+00:00"
generated_at: "2026-06-23T22:17:22.015066+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# Ollie's enters employment agreement with VP/CIO Lawrence Kraus; $275K base salary

## Summary
- Base salary of at least $275,000; annual cash bonus of 0%–80% based on EBITDA targets.
- Termination without cause or resignation for good reason triggers 12-month salary continuation plus benefits.
- Non-competition and non-solicitation covenants extend one year post-employment; confidentiality indefinite.
- Mr. Kraus remains as VP, Chief Information Officer, reporting to CEO.

## SEC filing metadata
- accession: 0001140361-22-030519
- form_type: 8-K
- ticker: OLLI
- cik: 0001639300
- company_name: Ollie's Bargain Outlet Holdings, Inc.
- filed_at: 2022-08-22T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1639300/000114036122030519/0001140361-22-030519-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1639300/000114036122030519/brhc10041137_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-030519
- JSON: https://secwatch.observer/filing/0001140361-22-030519.json
- Plain text: https://secwatch.observer/filing/0001140361-22-030519.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.