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Ollie’s Bargain Outlet (OLLI) details SVP merchandising retirement plan

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Ollie’s Bargain Outlet Holdings, Inc. reported a planned leadership transition in its merchandising organization. The Board accepted Senior Vice President and General Merchandise Manager Kevin McLain’s retirement notice, effective May 1, 2026, after he has served in that role since May 2014.

Effective the same date, Shane Thornton will serve as Senior Vice President, General Merchandise Manager. As part of succession planning, he had already been promoted to that position in March 2025, reporting to Mr. McLain and President and Chief Executive Officer Eric van der Valk. Thornton joined the company in 2010 and has progressed through several merchandising roles, including Buyer, Divisional Merchandise Manager, and Vice-President of Merchandising.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report: March 10, 2026
(Date of earliest event reported)

Ollie's Bargain Outlet Holdings, Inc.

 
(Exact name of registrant as specified in its charter)

Delaware

(State or other jurisdiction of incorporation)

001-37501
80-0848819
(Commission File Number)
(IRS Employer Identification No.)

6295 Allentown Boulevard
 
Suite 1
 
Harrisburg, Pennsylvania
17112
(Address of principal executive offices)
(Zip Code)
(717) 657-2300

(Registrant’s telephone number, including area code)

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 (see General Instruction A.2. below):


Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class
Trading Symbol
Name of each exchange on which registered
Common Stock, $0.001 par value
OLLI
The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).

Emerging growth company

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.

On March 10, 2026, the Board of Directors (the “Board”) of Ollie’s Bargain Outlet Holdings, Inc. (the “Company”) accepted Kevin McLain’s notice of his planned retirement, which is effective May 1, 2026.  Mr. McLain has served as the Company’s Senior Vice President, General Merchandise Manager since May 2014.  The Company’s succession planning initiatives included planning for Mr. McLain’s retirement.   The Company thanks Mr. McLain for his many years of commitment, leadership, and contributions, and wishes him the best in the next chapter.

Item 8.01
Other Events.

Effective May 1, 2026, Shane Thornton will serve as the Company’s Senior Vice President, General Merchandise Manager.  As part of the Company’s succession planning strategy, Mr. Thornton was promoted to the position of Senior Vice President, General Merchandise Manager in March 2025, reporting to Mr. McLain and Eric van der Valk, the Company’s President and Chief Executive Officer.  Mr. Thornton brings more than a decade of progressive leadership experience in merchandising and operational strategy. He joined the Company in 2010 and has advanced through several merchandising roles of increasing responsibility ranging from Buyer, Divisional Merchandise Manager, and Vice-President of Merchandising.  Mr. Thornton began his career with the Company as a buyer, where he quickly demonstrated a strong acumen for product sourcing and category management.

Item 9.01
Financial Statements and Exhibits.
 
(d) Exhibits. The following exhibits are filed with this report:
 
Exhibit
No.
 
Description
104
 
Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.


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.

 
OLLIE’S BARGAIN OUTLET HOLDINGS, INC.
 
 
 
 
By:
/s/ James J. Comitale
 
 
 
 
 
Name:
James J. Comitale
 
 
Title:
Senior Vice President, General Counsel, and Corporate Secretary
 
 
 
Date: March 16, 2026
 
 



FAQ

What executive change did Ollie’s Bargain Outlet (OLLI) announce?

Ollie’s announced that Senior Vice President and General Merchandise Manager Kevin McLain will retire effective May 1, 2026. The company has named Shane Thornton as Senior Vice President, General Merchandise Manager effective the same date as part of its succession planning.

When will Kevin McLain retire from Ollie’s Bargain Outlet (OLLI)?

Kevin McLain’s planned retirement is effective May 1, 2026. He has served as Ollie’s Senior Vice President, General Merchandise Manager since May 2014, and the company notes that his departure was anticipated as part of its broader succession planning initiatives.

Who is replacing Kevin McLain at Ollie’s Bargain Outlet (OLLI)?

Shane Thornton will serve as Senior Vice President, General Merchandise Manager effective May 1, 2026. He was previously promoted to this position in March 2025, reporting to Kevin McLain and President and Chief Executive Officer Eric van der Valk as part of succession planning.

What is Shane Thornton’s background at Ollie’s Bargain Outlet (OLLI)?

Shane Thornton joined Ollie’s in 2010 and has held multiple merchandising roles. His positions have included Buyer, Divisional Merchandise Manager, and Vice-President of Merchandising, giving him more than a decade of progressive leadership experience in merchandising and operational strategy at the company.

How does this leadership change fit into Ollie’s (OLLI) succession planning?

The company states that its succession planning initiatives included planning for Kevin McLain’s retirement. As part of this approach, Shane Thornton was promoted to Senior Vice President, General Merchandise Manager in March 2025, creating an overlap period reporting to McLain and CEO Eric van der Valk.

What roles will Shane Thornton hold at Ollie’s (OLLI) after May 1, 2026?

Effective May 1, 2026, Shane Thornton will serve as Senior Vice President, General Merchandise Manager. He had already been promoted to that position in March 2025, working under the guidance of Kevin McLain and President and Chief Executive Officer Eric van der Valk.

Filing Exhibits & Attachments

3 documents
Ollies Bargain

NASDAQ:OLLI

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6.54B
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Discount Stores
Retail-variety Stores
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United States
HARRISBURG