On May 31, 2022, Jack A. Pestello, Executive Vice President, Chief Merchandising Officer of Big Lots, Inc., and the Company mutually agreed that he will separate from the Company effective immediately. Mr. Pestello's separation will be treated as a termination without cause for purposes of the Company's Severance Plan. Two Senior Vice Presidents, Kevin Kuehl and Derek Panfil, have each been designated Interim Co-Chief Merchandising Officer, reporting directly to Bruce K. Thorn, Chief Executive Officer and President of the Company.