secwatch.observer — SEC 8-K summary
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Issuer:     FIVE BELOW, INC (FIVE)
CIK:        0001177609
Form:       8-K
Filed at:   2024-09-18T23:59:59+00:00
Accession:  0001193125-24-221442
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1177609/000119312524221442/0001193125-24-221442-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1177609/000119312524221442/d868491d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-221442

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