secwatch.observer — SEC 8-K summary
======================================

Issuer:     FIVE BELOW, INC (FIVE)
CIK:        0001177609
Form:       8-K/A
Filed at:   2024-08-02T23:59:59+00:00
Accession:  0001193125-24-192866
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Five Below adjusts interim CEO Bull's salary to $825k, grants retention awards totaling ~$4M
--------------------------------------------------------------------------------

- Kenneth Bull's base salary increased to $825,000 effective July 28, 2024.
- Bull receives special retention award valued at $2M (20% cash, 80% in RSUs).
- Bull also granted special PRSU award with target value $1M, based on performance in Q4 FY2024 and first two quarters FY2025.
- Thomas Vellios gets special RSU award valued at $2M vesting in one year, plus up to $500k expense reimbursement.
- Board approved similar retention awards for other key employees including named executive officers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1177609/000119312524192866/0001193125-24-192866-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1177609/000119312524192866/d874443d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-192866

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