Ollie’s Bargain Outlet completes CEO succession; Swygert to Exec Chairman, van der Valk CEO

Ollie's Bargain Outlet Holdings, Inc.

John Swygert transitions from CEO to Executive Chairman effective Feb 2, 2025; base salary $600k, bonus target 75%.
Eric van der Valk promoted from President to President and CEO effective Feb 2, 2025; base salary $775k, bonus target 100%.
van der Valk also appointed to Board, increasing directors to ten; leadership succession plan originally announced June 2024.
Swygert receives $1.8M long-term incentive equity grant (50% RSUs, 50% options).
van der Valk receives $3.2M long-term incentive equity grant (50% RSUs, 50% options).

item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

John Swygert

Executive Chairman

OLLI · Ollie's Bargain Outlet Holdings, Inc.

Effective: 2025-02-02
Successor: Eric van der Valk
Filed: February 3, 2025, 6:59 PM ET

the effectiveness of the previously disclosed transition of John Swygert from Chief Executive Officer to Executive Chairman

Role change

Eric van der Valk

President and Chief Executive Officer

OLLI · Ollie's Bargain Outlet Holdings, Inc.

Effective: 2025-02-02
Filed: February 3, 2025, 6:59 PM ET

the promotion of Eric van der Valk from President to President and Chief Executive Officer of the Company

Appointed

Eric van der Valk

member of the Board

OLLI · Ollie's Bargain Outlet Holdings, Inc.

Effective: 2025-02-02
Filed: February 3, 2025, 6:59 PM ET

the Board fixed the number of directors at 10 and appointed Mr. van der Valk as a member of the Board

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

John Swygert changed role as Executive Chairman at Ollie's Bargain Outlet Holdings, Inc..

Action: transitioned
Role: Executive Chairman

Exact text from the filing

the effectiveness of the previously disclosed transition of John Swygert from Chief Executive Officer to Executive Chairman

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Eric van der Valk changed role as President and Chief Executive Officer at Ollie's Bargain Outlet Holdings, Inc..

Action: promoted
Role: President and Chief Executive Officer

Exact text from the filing

the promotion of Eric van der Valk from President to President and Chief Executive Officer of the Company

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Eric van der Valk was appointed as member of the Board at Ollie's Bargain Outlet Holdings, Inc..

Action: appointed
Role: member of the Board

Exact text from the filing

the Board fixed the number of directors at 10 and appointed Mr. van der Valk as a member of the Board

View on SEC.gov

Ollie's Bargain Outlet Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-25-002804

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