secwatch.observer — SEC 8-K summary
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Issuer:     FIVE BELOW, INC (FIVE)
CIK:        0001177609
Form:       8-K
Filed at:   2022-06-14T23:59:59+00:00
Accession:  0001193125-22-173907
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 5.02, 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1177609/000119312522173907/0001193125-22-173907-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1177609/000119312522173907/d371165d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-173907

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer