secwatch.observer — SEC 8-K summary
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Issuer:     FIVE BELOW, INC (FIVE)
CIK:        0001177609
Form:       8-K
Filed at:   2024-12-04T23:59:59+00:00
Accession:  0001193125-24-270699
Event type: leadership
Sentiment:  positive
Materiality: 0.80
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Five Below names Winnie Park President and CEO; Thomas Vellios appointed Executive Chairman
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- Winnie Park, former CEO of Forever 21, appointed CEO and Class II director effective Dec 16, 2024.
- Compensation: $1.1M base, 125% STIP target, $1M initial RSU, $4M 2025 equity.
- Thomas Vellios named Executive Chairman with $3M RSU award and up to $500K travel reimbursement.
- Kenneth Bull steps down as interim CEO but remains COO.
- Board size increased from 11 to 12 members.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1177609/000119312524270699/0001193125-24-270699-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1177609/000119312524270699/d918732d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-270699

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