Duluth (DLTH) 10-K 2021 FY Annual report

Exhibit 10.18

January 24, 2020

Dear Dave:

It is my pleasure to extend the following promotion to you on behalf of Duluth Trading Company.

Position Title: Senior Vice President of Human Resources, Retail & Call Center Operations

Effective Date: February 3, 2020

Base Salary: Your annual base salary will be $325,000 annual, which is paid bi-weekly and is subject to deductions for taxes and other withholdings that are required by law. Your salary will be reviewed for merit consideration in April of 2020.

Bonus: For Fiscal 2020, your bonus target is 50% of your base salary wages earned. You will be eligible for payout in the spring of 2021 and is contingent upon the Company meeting certain financial thresholds that are established annually.

I look to your continued contributions at Duluth Trading Company.

Sincerely,

/s/ Steve Schlecht           

Steve Schlecht, CEO

Duluth Trading Company

ACCEPTED:

/s/ Dave Homolka                                                                                                                                        1/24/2020     

Dave Homolka                                                                                                                                                     Date

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