Corporate GovernanceApr 30, 2026, 04:58 PM
OLLI Annual Meeting Set; $300M Buyback; Key Management Changes
AI Summary
Ollie's Bargain Outlet Holdings, Inc. announced its Annual Meeting of Stockholders to be held on June 11, 2026, where shareholders will vote on the election of 10 directors, a non-binding advisory proposal on executive compensation, and the ratification of KPMG LLP as the independent auditor. The company also disclosed a new $300.0 million share repurchase authorization through March 2029, following $126.9 million in repurchases over the prior two fiscal years. Additionally, SVP Kevin McLain will retire and SVP James Comitale resigned, both effective May 1, 2026.
Key Highlights
- Annual Meeting on June 11, 2026, to elect 10 directors.
- Stockholders to vote on non-binding executive compensation proposal.
- KPMG LLP proposed for ratification as independent auditor for Fiscal 2026.
- New $300.0 million share repurchase authorized through March 31, 2029.
- Repurchased 1,276,428 shares for $126.9 million in Fiscal 2024-2025.
- SVP Kevin McLain to retire; James Comitale resigned, effective May 1, 2026.
- Board increased to 10 directors; Eric van der Valk appointed to Board.
- 60,661,294 shares outstanding as of April 15, 2026 Record Date.