Five Below lifts Q1 outlook, founder Vellios to exit board; Devine named Chair

FIVE BELOW, INC

Co-founder and Executive Chairman Tom Vellios will not stand for re-election at June 12 annual meeting; will remain as advisor through 2025.
Director Mike Devine, current Deckers Outdoor Chair, expected to become non-executive Chair of the Board.
Q1 net sales guidance raised to ~$967M (prior $905-925M); comparable sales +6.7% (prior flat to +2%).
Diluted EPS guidance raised to $0.69-0.71 (prior $0.44-0.55); adjusted EPS $0.82-0.84 (prior $0.50-0.61).
Q1 new store openings increased to 55 (prior ~50).

item 5.02 item 9.01

Executive movements

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Departed

Thomas G. Vellios

Executive Chairman

FIVE · FIVE BELOW, INC

Filed: May 2, 2025, 7:59 PM ET

On April 28, 2025, Thomas G. Vellios, Executive Chairman of the Board of Directors (the “Board”) of Five Below, Inc. (the “Company”), informed the Board of his intention not to stand for re-election to the Board at the Company’s 2025 Annual Meeting of Shareholders (the “2025 Annual Meeting”).

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Thomas G. Vellios departed as Executive Chairman at FIVE BELOW, INC.

Action: not stand for re-election
Role: Executive Chairman

Exact text from the filing

On April 28, 2025, Thomas G. Vellios, Executive Chairman of the Board of Directors (the “Board”) of Five Below, Inc. (the “Company”), informed the Board of his intention not to stand for re-election to the Board at the Company’s 2025 Annual Meeting of Shareholders (the “2025 Annual Meeting”).

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FIVE BELOW, INC filing history →

Source: SEC EDGAR

accession 0001193125-25-110744

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