Five Below Chief Merchandising Officer Michael Romanko to Retire, Receives $821K Severance

FIVE BELOW, INC

Michael Romanko, Five Below's Chief Merchandising Officer, will retire effective November 17, 2024 per a Cessation Agreement.
Romanko will receive a lump sum payment of $821,445.53 (12 months salary plus COBRA costs) and remain available through May 2025.
Andy Kunselman, SVP, will report directly to interim CEO Kenneth Bull; Tom Vellios to continue advising.
Romanko forfeits all outstanding equity awards and annual incentive bonus for 2024.

item 5.02 item 9.01

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Departed

Michael F. Romanko

Chief Merchandising Officer

FIVE · FIVE BELOW, INC

Effective: 2024-11-17
Filed: September 18, 2024, 7:59 PM ET

On September 18, 2024, Five Below, Inc. (the “Company”) and Michael F. Romanko, the Company’s Chief Merchandising Officer, entered into an agreement (the “Cessation Agreement”) providing for Mr. Romanko’s retirement and the cessation of his employment with the Company, effective as of November 17, 2024.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Michael F. Romanko retired as Chief Merchandising Officer at FIVE BELOW, INC.

Action: retired
Role: Chief Merchandising Officer

Exact text from the filing

On September 18, 2024, Five Below, Inc. (the “Company”) and Michael F. Romanko, the Company’s Chief Merchandising Officer, entered into an agreement (the “Cessation Agreement”) providing for Mr. Romanko’s retirement and the cessation of his employment with the Company, effective as of November 17, 2024.

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FIVE BELOW, INC filing history →

Source: SEC EDGAR

accession 0001193125-24-221442

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