---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-002804"
form_type: "8-K"
ticker: "OLLI"
cik: "0001639300"
company_name: "Ollie's Bargain Outlet Holdings, Inc."
filed_at: "2025-02-03T23:59:59+00:00"
generated_at: "2026-05-27T03:59:25.167298+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001140361-25-002804
- form_type: 8-K
- ticker: OLLI
- cik: 0001639300
- company_name: Ollie's Bargain Outlet Holdings, Inc.
- filed_at: 2025-02-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1639300/000114036125002804/0001140361-25-002804-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1639300/000114036125002804/ef20042683_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-002804
- JSON: https://secwatch.observer/filing/0001140361-25-002804.json
- Plain text: https://secwatch.observer/filing/0001140361-25-002804.txt

## Key facts
- Executive change
  John Swygert changed role as Executive Chairman at Ollie's Bargain Outlet Holdings, Inc..
  - Action: transitioned
  - Role: Executive Chairman
  source text: the effectiveness of the previously disclosed transition of John Swygert from Chief Executive Officer to Executive Chairman
  evidence_url: https://www.sec.gov/Archives/edgar/data/1639300/000114036125002804/0001140361-25-002804-index.htm
- Executive change
  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
  source text: the promotion of Eric van der Valk from President to President and Chief Executive Officer of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1639300/000114036125002804/0001140361-25-002804-index.htm
- Executive change
  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
  source text: the Board fixed the number of directors at 10 and appointed Mr. van der Valk as a member of the Board
  evidence_url: https://www.sec.gov/Archives/edgar/data/1639300/000114036125002804/0001140361-25-002804-index.htm

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