{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-110744","form_type":"8-K","ticker":"FIVE","cik":"0001177609","company_name":"FIVE BELOW, INC","filed_at":"2025-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.711004+00:00","generated_at":"2026-05-22T22:07:42.929331+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Five Below lifts Q1 outlook, founder Vellios to exit board; Devine named Chair","bullets":["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)."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-110744","json":"https://secwatch.observer/filing/0001193125-25-110744.json","markdown":"https://secwatch.observer/filing/0001193125-25-110744.md","text":"https://secwatch.observer/filing/0001193125-25-110744.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1177609/000119312525110744/0001193125-25-110744-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1177609/000119312525110744/d943194d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T22:07:42.929331+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"26c4cb1a2b","claim":"Thomas G. Vellios departed as Executive Chairman at FIVE BELOW, INC.","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1177609/000119312525110744/0001193125-25-110744-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"not stand for re-election"},{"label":"Role","value":"Executive Chairman"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}