On March 19, 2024, Margarita Giannantonio, Executive Vice President, Chief Merchandising Officer of Big Lots, Inc. and the Company mutually agreed that she will separate from the Company for personal reasons effective immediately. Ms. Giannantonio?s separation will be treated as a termination without cause for purposes of the Company?s Severance Plan. The Company does not plan to fill the Chief Merchandising Officer role for the foreseeable future.

Kevin Kuehl and Shelly Trosclair, each a Senior Vice President responsible for several merchandising divisions, will now report directly to Bruce K. Thorn, Chief Executive Officer and President of the Company. Seth Marks, Senior Vice President, Extreme Value Sourcing, will continue to report to Mr. Thorn and will continue to coordinate extreme value sourcing across all divisions with Mr. Kuehl and Ms. Trosclair in addition to taking over primary responsibility for the Company?s Food and Consumables divisions.