secwatch.observer — SEC 8-K summary
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Issuer:     FIVE BELOW, INC (FIVE)
CIK:        0001177609
Form:       8-K
Filed at:   2024-08-02T23:59:59+00:00
Accession:  0001193125-24-192863
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1177609/000119312524192863/0001193125-24-192863-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1177609/000119312524192863/d874445d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-192863

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