{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-179669","form_type":"8-K","ticker":"FIVE","cik":"0001177609","company_name":"FIVE BELOW, INC","filed_at":"2024-07-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:12.349909+00:00","generated_at":"2026-05-31T20:23:44.586317+00:00","sec_items":["5.02","7.01","9.01"],"event_type":"leadership","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Five Below CEO resigns, interim leadership appointed; Q2 comp sales decline and guidance lowered","bullets":["CEO Joel D. Anderson resigned immediately, not due to any disagreement with the company.","COO Kenneth Bull appointed interim President and CEO; co-founder Thomas Vellios named interim Executive Chairman.","Board has commenced a search for a permanent CEO.","Q2 FY2024 guidance revised: sales $820-$826M, comparable sales down ~6-7%, diluted EPS $0.53-$0.56.","For the first 10 weeks of Q2, total sales rose 9.5% but comparable sales fell 5.0% versus prior year."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-179669","json":"https://secwatch.observer/filing/0001193125-24-179669.json","markdown":"https://secwatch.observer/filing/0001193125-24-179669.md","text":"https://secwatch.observer/filing/0001193125-24-179669.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1177609/000119312524179669/0001193125-24-179669-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1177609/000119312524179669/d739476d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T20:23:44.586317+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5530b01704","claim":"Kenneth R. Bull was appointed as President and Chief Executive Officer at FIVE BELOW, INC.","evidence_excerpt":"On July 15, 2024, the Board appointed Mr. Kenneth R. Bull, the Chief Operating Officer of the Company, to also serve as the Company’s President and Chief Executive Officer on an interim basis while the Company conducts a search for Mr. Anderson’s permanent replacement.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1177609/000119312524179669/0001193125-24-179669-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"83253f5446","claim":"Thomas G. Vellios was appointed as Executive Chairman of the Board at FIVE BELOW, INC.","evidence_excerpt":"On July 15, 2024, the Board appointed Thomas G. Vellios, the Company’s Non-Executive Board Chairman, as Executive Chairman of the Board of Directors also on an interim basis.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1177609/000119312524179669/0001193125-24-179669-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Executive Chairman of the Board"}],"fact_type":"executive_change"},{"claim_id":"bdd02efce3","claim":"Joel D. Anderson resigned as President and Chief Executive Officer at FIVE BELOW, INC.","evidence_excerpt":"On July 15, 2024, Joel D. Anderson, President and Chief Executive Officer of Five Below, Inc. (the “Company”), notified the Company’s Board of Directors (the “Board”) that he was resigning as President and Chief Executive Officer and a member of the Board effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1177609/000119312524179669/0001193125-24-179669-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}