---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-221442"
form_type: "8-K"
ticker: "FIVE"
cik: "0001177609"
company_name: "FIVE BELOW, INC"
filed_at: "2024-09-18T23:59:59+00:00"
generated_at: "2026-05-31T03:54:21.807714+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-221442
- form_type: 8-K
- ticker: FIVE
- cik: 0001177609
- company_name: FIVE BELOW, INC
- filed_at: 2024-09-18T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1177609/000119312524221442/0001193125-24-221442-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1177609/000119312524221442/d868491d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-221442
- JSON: https://secwatch.observer/filing/0001193125-24-221442.json
- Plain text: https://secwatch.observer/filing/0001193125-24-221442.txt

## Key facts
- Executive change
  Michael F. Romanko retired as Chief Merchandising Officer at FIVE BELOW, INC.
  - Action: retired
  - Role: Chief Merchandising Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1177609/000119312524221442/0001193125-24-221442-index.htm

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