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:   2025-02-03T23:59:59+00:00
Accession:  0001140361-25-002804
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1639300/000114036125002804/0001140361-25-002804-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1639300/000114036125002804/ef20042683_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-002804

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