767 Fifth Avenue
New York, NY 10153-0119
+1 212 310 8000 tel
+1 212 310 8007 fax
July 8, 2015
VIA EDGAR TRANSMISSION
Securities and Exchange Commission
Division of Corporation Finance
100 F Street NE
Washington, D.C. 20549-3561
|Re:||Ollies Bargain Outlet Holdings, Inc.|
Amendment No. 2 to Registration Statement on Form S-1
Filed July 6, 2015
File No. 333-204942
Dear Ms. Ransom:
On behalf of our client, Ollies Bargain Outlet Holdings, Inc., a Delaware corporation (the Company), set forth below are the Companys responses to the comments of the Staff communicated in its letter addressed to the Company, dated July 7, 2015. In connection with such responses, we are submitting electronically via EDGAR, Amendment No. 3 (Amendment No. 3) to the Registration Statement on Form S-1 of the Company (File No. 333-204942) (the Registration Statement). We will send to the Staff under separate cover courtesy copies of Amendment No.3, including copies marked to show the changes effected by Amendment No. 3.
For ease of reference, each of the Staffs comments is reproduced below in bold and is followed by the Companys response. In addition, unless otherwise indicated, all references to page numbers in such responses are to page numbers in Amendment No. 3.
Dilution, page 43
|1.||We note the table at the top of page 44 presenting the cash consideration paid to you by the existing shareholders and by the new investors. We also note your response to comment 3. Please tell us why your calculation of the effective cash consideration paid by your existing shareholders does not contemplate the dividends paid to those shareholders. In this regard, these cash dividends appear to reduce the effective cash cost of shares held by existing shareholders. You may also wish to include the calculation of the cash cost for existing shareholders in a footnote to this table so that your new investors understand how you derived that amount.|
The Company acknowledges the Staffs comment and respectfully advises the Staff that it has revised its disclosure to reflect the effective cash cost of shares held by existing shareholders including the impact from the dividends. Please see page 44.
Executive and director compensation
|2.||Please confirm that changes you expect to make to the employment agreements for Mark Butler and John Swygert have already been disclosed in the registration statement. If undisclosed changes remain, please provide them to us.|
The Company acknowledges the Staffs comment and respectfully confirms to the Staff that the changes expected to be made to the employment agreements for Mark Butler and John Swygert have already been disclosed in the registration statement.
Should any questions arise in connection with the filing or this response letter, please contact the undersigned at (212) 310-8971.
/s/Alexander D. Lynch
Alexander D. Lynch
Weil, Gotshal & Manges LLP
Executive Vice President and Chief Financial Officer
Ollies Bargain Outlet Holdings, Inc.