---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-173907"
form_type: "8-K"
ticker: "FIVE"
cik: "0001177609"
company_name: "FIVE BELOW, INC"
filed_at: "2022-06-14T23:59:59+00:00"
generated_at: "2026-06-25T01:53:09.945269+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Five Below declassifies board, adds director Bernard Kim, approves $100M buyback

## Summary
- Shareholders approved board declassification; full annual elections by 2025. Max directors raised to 14.
- Bernard Kim, CEO of Match Group, elected as independent director, expanding board to 11.
- Board authorized $100M share repurchase program through June 2025, on open market or privately.
- Shareholders adopted 2022 Equity Incentive Plan and ratified KPMG as auditor.

## SEC filing metadata
- accession: 0001193125-22-173907
- form_type: 8-K
- ticker: FIVE
- cik: 0001177609
- company_name: FIVE BELOW, INC
- filed_at: 2022-06-14T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 5.03, 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1177609/000119312522173907/0001193125-22-173907-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1177609/000119312522173907/d371165d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-173907
- JSON: https://secwatch.observer/filing/0001193125-22-173907.json
- Plain text: https://secwatch.observer/filing/0001193125-22-173907.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.