Alissa Ahlman - Director | Ollie's Bargain Outlet Holdings (OLLI) Executive Profile & Compensation

About Alissa Ahlman

Independent director since 2020 (age 53), serving on the Compensation and Nominating & Corporate Governance Committees. Background includes senior merchandising leadership at Franchise Group’s Home Segment (American Freight) in 2022–2024 and At Home Group, where she led merchandise transformation and helped rebrand Garden Ridge to At Home and execute its 2016 IPO. The Board has affirmatively determined she is independent under SEC and Nasdaq rules.

Past Roles

Organization	Role	Tenure	Committees/Impact
Franchise Group, Inc. (Home Segment/American Freight)	Chief Merchandising Officer (Home Segment) overseeing merchandising, planning, allocation, supply chain	Dec 2022 – Nov 2024	Senior operating leadership role in home retail merchandising
At Home Group, Inc. (formerly Garden Ridge)	Chief Merchandising Officer; Chief Design Officer; earlier merchandising and planning roles	Mar 2008 – Dec 2018	Led merchandise transformation; rebranding to At Home; member of leadership team for 2016 IPO
99 Cents Only Stores LLC	Merchandising roles	Prior to 2008	Discount retail merchandising experience
Factory 2-U Stores, Inc.	Merchandising roles	Prior to 2008	Off-price/value retail merchandising experience

External Roles

Organization	Role	Tenure	Notes
Franchise Group, Inc. (American Freight)	Chief Merchandising Officer, Home Segment	Dec 2022 – Nov 2024	Oversaw merchandising, planning, allocation, supply chain for American Freight
At Home Group, Inc.	Chief Merchandising Officer; Chief Design Officer	Through Dec 2018	Led merchandise transformation and rebranding; IPO participation in 2016

Board Governance

Committee assignments: Compensation Committee member; Nominating & Corporate Governance Committee member. Committee chairs are Richard Zannino (Compensation) and Stanley Fleishman (Nominating & Corporate Governance).
Independence: Board determined Ahlman is independent under SEC/Nasdaq standards.
Attendance and engagement: Fiscal 2024 had 4 regular and 2 special Board meetings; each of the Audit, Compensation, and Nominating Committees met 4 times. Each director attended at least 75% of aggregate meetings; independent directors met regularly in executive session (chaired by the Lead Independent Director).
Lead Independent Director: Richard Zannino.
Governance practices: Declassified Board; majority voting with resignation policy; prohibition on hedging/pledging; Rooney Rule for director searches.

Fixed Compensation (Director)

Component	Fiscal 2024 Amount	Detail
Annual cash retainer	$80,000	Paid quarterly
Committee membership fee (Compensation Committee member)	$10,000	Member additional cash retainer
Total cash fees	$90,000	As reported for Ahlman
Annual equity grant (RSUs)	$125,003	Grant-date fair value; vests 1 year from grant
Total director compensation	$215,003	Sum of cash and equity for FY2024

Performance Compensation (Director)

Equity Instrument	Grant Detail	Vesting	Outstanding Units
RSUs	Annual non-employee director award	RSUs vest 1 year from grant date	1,684 RSUs held as of Feb 1, 2025
Stock Options	None disclosed for Ahlman	N/A	0 options as of Feb 1, 2025

No performance-based metrics disclosed for director equity (time-based RSUs only).

Other Directorships & Interlocks

Company	Role	Current?	Notes
None disclosed	—	—	Proxy does not list any current public company directorships for Ahlman beyond OLLI.

Compensation Committee interlocks: Company discloses no interlocks or insider participation on its Compensation Committee.

Expertise & Qualifications

Deep retail merchandising and marketing experience across off-price/value formats; led transformative merchandise strategy and rebranding at At Home; senior oversight across supply chain and planning at American Freight.
Skillset aligned to OLLI’s closeout/merchant-driven model; qualifies her for Board service per Nominating & Corporate Governance criteria (independence, sound judgment, business specialization, technical skills, diversity).

Equity Ownership

Holder	Shares Beneficially Owned	% of Class	Notes
Alissa Ahlman	9,012 shares	<1%	Direct ownership; based on 61,407,163 shares outstanding at record date
RSUs outstanding (director service)	1,684 units	N/A	Annual RSUs vest in one year
Options	0	N/A	No director options for Ahlman

Ownership alignment: Non-employee directors must maintain equity equal to 4× their Annual Cash Retainer; as of Feb 1, 2025, each non-employee director had either met the guideline or was deemed on a satisfactory path to meet it. Hedging and pledging of Company stock are prohibited.

Governance Assessment

Board effectiveness: Ahlman contributes domain expertise in merchandising and value retail, serving on two governance-critical committees (Compensation; Nominating & Corporate Governance). Board independence standards are satisfied, and she met minimum attendance thresholds amidst regular committee cadence.
Pay/Alignment: Director pay mix balances cash and time-based RSUs (no performance metrics), with stock ownership guidelines promoting skin-in-the-game; Ahlman’s FY2024 compensation was $90k cash plus $125k RSUs, and she holds 9,012 shares beneficially and 1,684 RSUs outstanding.
Conflicts and related-party exposure: No related-person transactions involving Ahlman disclosed; company-level related-party purchases noted with Hillman (Board member Swygert) and AriZona (director Rizvi) are governed by Audit Committee policy and were immaterial/subject to review.
Shareholder signals: The Compensation Committee is fully independent, uses Pearl Meyer as consultant, and company say-on-pay support exceeded 94% at the last annual meeting—supportive of compensation governance.
RED FLAGS:
- None specific to Ahlman disclosed: no pledging/hedging, no related-party transactions, no attendance concerns noted beyond minimum.