UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 4, 2020
(Exact Name of Registrant as Specified in Its Charter)
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(State or Other Jurisdiction of Incorporation)
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(Commission File Number)
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(IRS Employer Identification No.
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(Address of Principal Executive Offices)
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(Zip Code)
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(717 ) 657-2300
(Registrant’s Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of
the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised
financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 5.02. |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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On May 4, 2020, the Board of Directors (the “Board”) of Ollie’s Bargain Outlet Holdings, Inc. appointed Alissa M. Ahlman to serve on the Board and the
Nominating and Corporate Governance Committee, effective immediately. In connection with the appointment of Ms. Ahlman, the Board expanded the number of seats on the Board to seven (7).
The Board has determined that Ms. Ahlman qualifies as an “independent director” under the Nasdaq Stock Market Rules, and as set forth in the Company’s
Corporate Governance Guidelines and Principles.
Ms. Ahlman brings over 20 years of experience in merchandising and planning in value retail. From 2008 to 2018, she served in various merchandising
roles of increasing responsibility at At Home Group Inc. In her most recent position, she served as Chief Design Officer from June 2018 to December 2018. Prior to June 2018, she served as Chief Merchandising Officer beginning in April 2015, following
her tenure as General Merchandise Manager. Before joining At Home Group Inc., Ms. Ahlman served in merchandising roles at 99 Cents Only Stores LLC and Factory 2-U.
A copy of Company’s press release announcing the appointment is attached hereto as Exhibit 99.1 and hereby incorporated by reference.
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Item 9.01
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Financial Statements and Exhibits.
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(d)
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Exhibits. The following exhibits are filed with this report:
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EXHIBIT INDEX
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Exhibit No.
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Description
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104
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Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document.
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Press Release issued on May 4, 2020 of Ollie’s Bargain Outlet Holdings, Inc.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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OLLIE’S BARGAIN OUTLET HOLDINGS, INC.
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Date: May 4, 2020
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By:
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/s/ Jay Stasz
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Name: Jay Stasz
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Title: Senior Vice President and
Chief Financial Officer
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Exhibit 99.1
Ollie’s Bargain Outlet Holdings, Inc. Expands Board of Directors with Appointment of Alissa Ahlman
HARRISBURG, PA, May 4, 2020 – Ollie’s Bargain Outlet Holdings, Inc.
(NASDAQ:OLLI) today announced the appointment of Alissa Ahlman to its Board of Directors.
Ms. Ahlman brings 20 years of experience in merchandising and planning in value retail. From 2008 to 2018, she served in various merchandising roles of
increasing responsibility with At Home Group, Inc. (“At Home”). In her most recent position, she served as Chief Design Officer from June 2018 to December 2018. Prior to this she served as Chief Merchandising Officer beginning in April 2015,
following her tenure as General Merchandise Manager. Before joining At Home, Ms. Ahlman served in merchandising roles at 99 Cents Only Stores and Factory 2-U. Ms. Ahlman attended San Diego State University and is a long-time supporter of Habitat for
Humanity.
John Swygert, President and Chief Executive Officer, stated, “We are delighted to welcome Alissa to our board and believe that we will benefit from her extensive experience
in merchandising, planning and allocation at value retailers. She is a proven leader and will be a tremendous resource as we continue to execute our growth strategies and build Ollie’s into a national closeout retailer of brand name merchandise at
drastically reduced prices. We look forward to her insights and contributions as our newest board member.”
Ms. Ahlman’s appointment to the Board of Directors expands the
number of board members to seven from six. The appointment is effective immediately, and she will stand for election to the Board of Directors at the Company’s 2020 annual meeting of stockholders. Ms. Ahlman will serve on the Company’s Nominating
and Corporate Governance Committee.
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About Ollie’s
We are a highly differentiated and fast growing, extreme value retailer of brand name merchandise at drastically reduced prices. We are known for our assortment of
merchandise offered as Good Stuff Cheap®. We offer name brand products, Real Brands! Real Bargains!®, in every department, including housewares, food, bed and bath, books and stationery, floor coverings, electronics, toys, health and beauty aids and
other categories. We currently operate 361 stores in 25 states throughout the eastern half of the United States. For more information, visit www.ollies.us.
Investor Contact:
Jean Fontana
ICR
646-277-1214
Jean.Fontana@icrinc.com
Media Contact:
Tom Kuypers
Senior Vice President – Marketing & Advertising
717-657-2300
tkuypers@ollies.us