Mark Butler was the driving force behind Ollie's Bargain Outlet, holding the role of CEO, President, and Chairman since 2013 until his passing in 2019. Known for his retail expertise, he led the company to significant financial growth, with total...

Mark Butler was the driving force behind Ollie's Bargain Outlet, holding the role of CEO, President, and Chairman since 2013 until his passing in 2019. Known for his retail expertise, he led the company to significant financial growth, with total compensations reaching up to $4 million in 2018. Under his leadership, he focused on achieving ambitious EBITDA targets, which directly influenced his bonuses and compensation structure. Butler also had a notable connection to the company's stock, with substantial personal holdings amounting to over 10 million shares. Interestingly, he experienced various salary increases during his tenure, reflecting his strategic importance to Ollie's. His commitment was evident, as he had locked up a significant amount of his wealth in the company's stock, showcasing his belief in the future of Ollie's. Butler's unexpected passing in December 2019 marked a pivotal moment for the company he built, leaving behind a legacy of dedication and growth in the competitive retail landscape.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Ollie's Bargain Outlet Holdings, Inc. CEOs

O

Mark Butler

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

Education

Not specified

Field of Expertise

Consumer Goods & Retail - Retail

Sector of Economy

Consumer Defensive

Born

October 3, 1961 - 63 years ago

CEO of Ollie's Bargain Outlet Holdings, Inc. for

6 years 5 months (Jun 2013 - Dec 2019)

Previous Experience

Founder of Ollie's Bargain Outlet Holdings, Inc.

Rivals

Competitors/colleagues of Mark Butler

Holdings

See how much did Mark Butler make over time.

At the peak of his career, Mark Butler held over 10 million shares in Ollie's Bargain Outlet, representing about 15.82% of the company's stock. His ownership peaked around September 2019 at a value exceeding $550 million, showing his deep commitment...

At the peak of his career, Mark Butler held over 10 million shares in Ollie's Bargain Outlet, representing about 15.82% of the company's stock. His ownership peaked around September 2019 at a value exceeding $550 million, showing his deep commitment to the company's success. However, by December 2019, following market fluctuations, the value adjusted to $623 million, demonstrating his adaptive investment strategy. His holdings reflected not only personal wealth but also a strong belief in the long-term success of Ollie's, aligning his interests closely with shareholders. It's remarkable that despite market ups and downs, Butler consistently maintained a large stake in Ollie's, indicating a strong confidence in the brand's future and resilience.

Total Stock Sold

$280.28M

OLLI

$280.28M

5,700,000 OLLI shares

What if they kept their stock?

If Mark Butler didn't sell their stock, today they would have:
Extra OLLI5,700,000 shares worth $533.06M.
This is 90.19% and $252.78M more than what they got when they sold the stock.

Charitable Transactions

OLLI

66,030 shares

OLLI

Recent Charitable Transactions

OLLI

10,400 shares

OLLI

Jun 19, 2019

Charity

OLLI

1,500 shares

OLLI

Dec 24, 2018

Charity

OLLI

13,130 shares

OLLI

Jul 2, 2018

Charity

OLLI

19,000 shares

OLLI

Dec 27, 2017

Charity

OLLI

22,000 shares

OLLI

Sep 18, 2017

Charity

Insider Trading

See recent insider trades of Mark Butler.

OLLI

10,400 shares

OLLI

Jun 19, 2019

Charity

OLLI

$7.68M

OLLI at $80.54/share

Feb 4, 2019

Sale

OLLI

$1.99M

OLLI at $80.69/share

Jan 11, 2019

Sale

OLLI

1,500 shares

OLLI

Dec 24, 2018

Charity

OLLI

$7.12M

OLLI at $88.95/share

Dec 3, 2018

Sale

OLLI

$5.39M

OLLI at $89.89/share

Nov 6, 2018

Sale

OLLI

$8.21M

OLLI at $91.24/share

Nov 1, 2018

Sale

OLLI

$5.36M

OLLI at $89.38/share

Oct 4, 2018

Sale

OLLI

$8.50M

OLLI at $94.49/share

Oct 1, 2018

Sale

OLLI

$20.24M

OLLI at $67.48/share

Aug 1, 2018

Sale

Compensation History

See how much did Mark Butler make over time.

Mark Butler's compensation peaked at $4 million in 2018, which included a base salary of about $800,000 and a significant performance bonus of over $1 million. His total package often included vested stock options, showcasing a compensation plan that aligned tightly with company performance. In 2019, his pay was adjusted due to his passing and included various benefits, such as automobile allowances and insurance contributions. His compensation reflected not only his leadership role but also the company’s growth trajectory, emphasizing performance-driven incentives which he successfully achieved throughout his career.

Year

2019

Total Compensation

$2.47M

Salary

$732.21K

Board Justification

The compensation philosophy aims to align executive compensation with company performance and shareholder interests, focusing on both short- and long-term incentives.

Bonus

$0.00

Board Justification

Due to the unexpected passing of Mr. Butler, no bonus was paid for the fiscal year 2019.

Other

$15.30K

Board Justification

Other compensation includes automobile allowances, group term life insurance, and 401(k) matching contributions.

Restricted Stock

$1.72M(24.11K RSU)

Board Justification

24,205 shares of RSUs vested during the fiscal year 2019, reflecting the value of the stock at the time of vesting.

Performance Metrics

The performance metrics for the CEO's compensation were based on achieving specific Adjusted EBITDA targets.

Other Ollie's Bargain Outlet Holdings, Inc. CEOs

Here are other CEOs of Ollie's Bargain Outlet Holdings, Inc.

John Swygert

CEO of Ollie's Bargain Outlet Holdings, Inc.

December 2019 - Present