---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-192863"
form_type: "8-K"
ticker: "FIVE"
cik: "0001177609"
company_name: "FIVE BELOW, INC"
filed_at: "2024-08-02T23:59:59+00:00"
generated_at: "2026-05-31T13:22:29.115020+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Five Below grants $1.5M retention awards to four executives, raises salaries for CFO and CMO

## Summary
- Special retention awards ($1.5M each) for CMO Romanko, CFO Chipman, CRO Hill, CAO Specter: 20% cash, 80% RSUs.
- Base salary increases: Romanko from $750k to $800k; Chipman from $650k to $700k.
- Romanko also gets special PRSU award with target $1M, based on performance in Q4 FY2024 and first half FY2025.
- Awards follow July 16 appointment of Kenneth Bull as interim CEO and Thomas Vellios as interim executive chairman.

## SEC filing metadata
- accession: 0001193125-24-192863
- form_type: 8-K
- ticker: FIVE
- cik: 0001177609
- company_name: FIVE BELOW, INC
- filed_at: 2024-08-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1177609/000119312524192863/0001193125-24-192863-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1177609/000119312524192863/d874445d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-192863
- JSON: https://secwatch.observer/filing/0001193125-24-192863.json
- Plain text: https://secwatch.observer/filing/0001193125-24-192863.txt

## Key facts
- Executive change
  Kenneth Bull was appointed as Interim President & Chief Executive Officer at FIVE BELOW, INC.
  - Action: appointed
  - Role: Interim President & Chief Executive Officer
  source text: On July 16, 2024, Five Below, Inc. (the “Company”) announced the appointment of Kenneth Bull and Thomas Vellios as its Interim President & Chief Executive Officer and Interim Executive Chairman, respectively.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1177609/000119312524192863/0001193125-24-192863-index.htm
- Executive change
  Thomas Vellios was appointed as Interim Executive Chairman at FIVE BELOW, INC.
  - Action: appointed
  - Role: Interim Executive Chairman
  source text: On July 16, 2024, Five Below, Inc. (the “Company”) announced the appointment of Kenneth Bull and Thomas Vellios as its Interim President & Chief Executive Officer and Interim Executive Chairman, respectively.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1177609/000119312524192863/0001193125-24-192863-index.htm

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