Big Lots Management

Management criteria checks 3/4

Big Lots' CEO is Bruce Thorn, appointed in Sep 2018, has a tenure of 5.67 years. total yearly compensation is $7.76M, comprised of 15.8% salary and 84.2% bonuses, including company stock and options. directly owns 1.26% of the company’s shares, worth $1.34M. The average tenure of the management team and the board of directors is 2 years and 5.8 years respectively.

Key information

Bruce Thorn

Chief executive officer

US$7.8m

Total compensation

CEO salary percentage	15.8%
CEO tenure	5.7yrs
CEO ownership	1.3%
Management average tenure	2yrs
Board average tenure	5.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Bruce Thorn's remuneration changed compared to Big Lots's earnings?
Date	Total Compensation	Salary	Company Earnings
Feb 03 2024	US$8m	US$1m	-US$482m
Oct 28 2023	n/a	n/a	-US$464m
Jul 29 2023	n/a	n/a	-US$571m
Apr 29 2023	n/a	n/a	-US$406m
Jan 28 2023	US$9m	US$1m	-US$211m
Oct 29 2022	n/a	n/a	-US$148m
Jul 30 2022	n/a	n/a	-US$50m
Apr 30 2022	n/a	n/a	US$72m
Jan 29 2022	US$9m	US$1m	US$178m
Oct 30 2021	n/a	n/a	US$226m
Jul 31 2021	n/a	n/a	US$260m
May 01 2021	n/a	n/a	US$674m
Jan 30 2021	US$8m	US$1m	US$629m
Oct 31 2020	n/a	n/a	US$625m
Aug 01 2020	n/a	n/a	US$722m
May 02 2020	n/a	n/a	US$276m
Feb 01 2020	US$7m	US$1m	US$242m
Nov 02 2019	n/a	n/a	US$257m
Aug 03 2019	n/a	n/a	US$123m
May 04 2019	n/a	n/a	US$141m
Feb 02 2019	US$5m	US$360k	US$157m

Compensation vs Market: Bruce's total compensation ($USD7.76M) is above average for companies of similar size in the UK market ($USD348.80K).

Compensation vs Earnings: Bruce's compensation has been consistent with company performance over the past year.

CEO

Bruce Thorn (56 yo)

5.7yrs

Tenure

US$7,755,707

Compensation

Mr. Bruce K. Thorn has been Chief Executive Officer and President of Big Lots, Inc. since September 30, 2018 and its Director since joining in September 2018. He had been President of Tailored Brands, Inc....

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Bruce Thorn	CEO, President & Director	5.7yrs	US$7.76m	1.26% $ 1.3m
Jonathan Ramsden	Executive VP	4.8yrs	US$2.75m	0.31% $ 324.0k
Ronald Robins	Executive VP	9yrs	US$1.92m	0.30% $ 316.2k
Michael Schlonsky	Executive VP & Chief Human Resources Officer	8.8yrs	US$1.97m	0.41% $ 433.3k
Matthew Weger	SVP and Chief Digital & Technology Officer	1.8yrs	no data	no data
Alvin Concepcion	Vice President of Investor Relations	no data	no data	no data
John Alpaugh	Senior VP & Chief Marketing Officer	1.5yrs	no data	no data
Kevin Kuehl	Senior VP & General Merchandise Manager	2yrs	no data	no data
Derek Panfil	Senior Vice President	2yrs	no data	no data
Juan Guerrero	Senior VP & Chief Supply Chain Officer	less than a year	no data	no data
Kristen Cox	Senior VP & Chief Stores Officer	less than a year	no data	no data
Seth Marks	Senior Vice President of Extreme Value Sourcing	less than a year	no data	no data

2.0yrs

Average Tenure

55.5yo

Average Age

Experienced Management: 0HN5's management team is considered experienced (2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Bruce Thorn	CEO, President & Director	5.7yrs	US$7.76m	1.26% $ 1.3m
Christopher McCormick	Independent Director	5.8yrs	US$277.49k	0.11% $ 113.9k
Sandra Campos	Independent Director	3yrs	US$273.39k	0.024% $ 25.3k
Marla Gottschalk	Independent Director	9yrs	US$299.37k	0.098% $ 103.9k
Cynthia Jamison	Independent Non-Executive Chair of the Board	9yrs	US$435.00k	0.088% $ 93.1k
Nancy Reardon	Independent Director	9yrs	US$293.49k	0.092% $ 97.3k
James Chambers	Independent Director	12.3yrs	US$257.49k	0.11% $ 121.8k
Wendy Schoppert	Independent Director	9yrs	US$286.89k	0.067% $ 71.3k
Maureen Short	Independent Director	less than a year	no data	no data
Sebastian DiGrande	Independent Director	5.8yrs	US$256.56k	0.077% $ 81.6k
Kimberley Newton	Independent Director	3yrs	US$272.49k	0.024% $ 25.3k

5.8yrs

Average Tenure

57yo

Average Age

Experienced Board: 0HN5's board of directors are considered experienced (5.8 years average tenure).

Big Lots Management

Management criteria checks 3/4

Key information

Recent management updates

Big Lots, Inc., Annual General Meeting, May 29, 2024

Big Lots Appoints Maureen B. Short to Its Board of Directors

Independent Director recently bought US$75k worth of stock

Big Lots, Inc. Announces Executive Appointments, Effective; December 4, 2023

CEO, President & Director recently bought US$248k worth of stock

Big Lots, Inc. Announces Termination of Gene Eddie Burt as Executive Vice President, Chief Supply Chain Officer, Effective June 2, 2023

Recent updates

Big Lots, Inc., Annual General Meeting, May 29, 2024

Full year 2024 earnings released: US$16.53 loss per share (vs US$7.30 loss in FY 2023)

New minor risk - Market cap size

Full year 2024 earnings released: US$16.53 loss per share (vs US$7.30 loss in FY 2023)

Big Lots, Inc. Provides Sales Guidance for the First Quarter of 2024

Big Lots Appoints Maureen B. Short to Its Board of Directors

Big Lots, Inc. to Report Q4, 2024 Results on Mar 07, 2024

Independent Director recently bought US$75k worth of stock

Third quarter 2024 earnings released: EPS: US$0.16 (vs US$3.56 loss in 3Q 2023)

Big Lots, Inc. Announces Executive Appointments, Effective; December 4, 2023

Big Lots, Inc. to Report Q3, 2024 Results on Nov 30, 2023

Second quarter 2024 earnings released: US$8.56 loss per share (vs US$2.91 loss in 2Q 2023)

New major risk - Revenue and earnings growth

Big Lots, Inc. to Report Q2, 2024 Results on Aug 29, 2023

Blue Owl Capital Inc. (NYSE:OWL) entered into an agreement to acquire Distribution Center and 26 Owned Store Locations from Big Lots, Inc. (NYSE:BIG) for approximately $320 million.

CEO, President & Director recently bought US$248k worth of stock

First quarter 2024 earnings released: US$7.10 loss per share (vs US$0.39 loss in 1Q 2023)

Big Lots, Inc. Announces Termination of Gene Eddie Burt as Executive Vice President, Chief Supply Chain Officer, Effective June 2, 2023

Big Lots, Inc. to Report Q1, 2024 Results on May 26, 2023

Upcoming dividend of US$0.30 per share at 8.2% yield

Full year 2023 earnings released: US$7.30 loss per share (vs US$5.43 profit in FY 2022)

Big Lots, Inc. to Report Q4, 2023 Results on Mar 02, 2023

Big Lots, Inc. Announces Resignation of Thomas A. Kingsbury from the Board of Directors

Now 28% undervalued

Upcoming dividend of US$0.30 per share

Third quarter 2023 earnings released: US$3.56 loss per share (vs US$0.14 loss in 3Q 2022)

Big Lots, Inc. Declares Quarterly Cash Dividend for the Fourth Quarter of 2022, Payable on December 28, 2022

Big Lots, Inc. to Report Q3, 2023 Results on Dec 01, 2022

Big Lots, Inc. Announces Executive Appointments

Upcoming dividend of US$0.30 per share

Second quarter 2023 earnings released: US$2.91 loss per share (vs US$1.11 profit in 2Q 2022)

Press Release: Big Lots Announces Quarterly Dividend on Common Shares, Payable on September 23, 2022

Now 23% undervalued after recent price drop

Big Lots, Inc. to Report Q2, 2023 Results on Aug 30, 2022

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Big Lots, Inc.(NYSE:BIG) dropped from Russell 2000 Value-Defensive Index

Upcoming dividend of US$0.30 per share

Now 25% undervalued after recent price drop

Big Lots, Inc. Announces Executive Changes

First quarter 2023 earnings released: US$0.39 loss per share (vs US$2.68 profit in 1Q 2022)

Big Lots Announces Quarterly Dividend, Payable on June 24, 2022

Big Lots, Inc. to Report Q1, 2023 Results on May 27, 2022

Investor sentiment improved over the past week

Big Lots, Inc., Annual General Meeting, May 24, 2022

Upcoming dividend of US$0.30 per share

Big Lots, Inc. Provides Earnings Guidance for the First Quarter of Fiscal 2022

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

Big Lots, Inc. to Report Q4, 2022 Results on Mar 03, 2022

Upcoming dividend of US$0.30 per share

Big Lots, Inc. (NYSE:BIG) announces an Equity Buyback for $250 million worth of its shares.

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Upcoming dividend of US$0.30 per share

Second quarter 2022 earnings released: EPS US$1.11 (vs US$11.52 in 2Q 2021)

High number of new directors

Big Lots, Inc.(NYSE:BIG) dropped from Russell 2500 Growth Index

Big Lots, Inc. Expands Apparel Assortment with New Brands, Offering Customers Everyday Wear at Unbelievable Prices

Independent Director Andrew Clarke has left the company

Independent Director Andrew Clarke has left the company

Upcoming dividend of US$0.30 per share

Big Lots, Inc. Declares Quarterly Cash Dividend for the Second Quarter of 2021, Payable on June 25, 2021

First quarter 2022 earnings released: EPS US$2.68 (vs US$1.26 in 1Q 2021)

Full year 2021 earnings released: EPS US$16.46 (vs US$6.18 in FY 2020)

Big Lots Unveils Its Largest-Ever Lawn, Garden and Patio Assortment At Unmatched Prices

Investor sentiment improved over the past week

Full year 2021 earnings released: EPS US$16.46 (vs US$6.18 in FY 2020)

Revenue beats expectations