John Swygert

CEO of Ollie's Bargain Outlet Holdings, Inc.

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Born

June 15, 1969 - 55 years ago

Economy Sector

Consumer Defensive

Current Tenure

5 years 2 months (Dec 2019 - Present)

Previous Experience

Executive Vice President and Chief Operating Officer at Ollie's Bargain Outlet Holdings, Inc.; Chief Financial Officer at Ollie's Bargain Outlet Holdings, Inc.

John Swygert, the CEO of Ollie's Bargain Outlet, took the helm in December 2019 after stepping in as Interim CEO following the unexpected passing of the former leader, Mark Butler. Before becoming CEO, he served as the Executive Vice President and COO and has been with the company since 2004, initially joining as CFO. His experience spans almost two decades in driving Ollie's financial strategy and operations. In 2023, his total compensation reached $5.35 million, significantly influenced by a strong Adjusted EBITDA performance, where he earned bonuses tied to meeting company targets. Swygert actively trades in Ollie's stock, with transactions reaching values of nearly $4.79 million in 2024 alone, showcasing his confidence in the company’s future. His leadership comes with a well-defined compensation philosophy aimed at attracting and retaining top talent while ensuring alignment with shareholder interests, reflecting a strong commitment to the company’s growth. As a graduate from the finance field, he brings valuable insights into managing the company's direction in a competitive retail environment.

Year

2023

Total Compensation

$4.22M

Salary

$934.62K

Board Justification

The compensation program for our NEOs is driven by the need to recruit, develop, motivate, and retain top talent both in the short- and long-term and align the interests of NEOs and stockholders.

Bonus

$1.19M

Board Justification

The annual incentive bonus is based on the salary of the individual, and a sliding scale that is consistent with their position with the Company or as is set out in their respective employment agreements. For Fiscal 2023, our Adjusted EBITDA of $275.2 million was approximately 104.6% of the Target Adjusted EBITDA of $263.0 million, resulting in payouts for our NEOs of 104.6% of their Target Bonus.

Other

$19.01K

Board Justification

Includes automobile allowances, group term life insurance, and 401(k) matching contributions.

Restricted Stock

$2.07M(27 RSU)

Board Justification

RSUs granted to our NEOs in Fiscal 2023 vest ratably at a rate of 25% per year on each annual anniversary date of the grant until fully vested, subject to the NEO providing continued services through the applicable vesting date.

Performance Metrics

The annual incentive bonus is based on the level of Company performance against a target that is approved by the Board on an annual basis, based on a target Adjusted EBITDA.

Mark Butler

Founder and Ex-CEO of Ollie's Bargain Outlet Holdings, Inc.

June 2013 - December 2019