Five Below Appoints New CFO, Sarah Wilson
Ticker: FIVE · Form: 8-K · Filed: Jul 16, 2024 · CIK: 1177609
| Field | Detail |
|---|---|
| Company | Five Below, Inc (FIVE) |
| Form Type | 8-K |
| Filed Date | Jul 16, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, cfo, compensation
Related Tickers: FIVE
TL;DR
Five Below names Sarah Wilson new CFO, starting Aug 5th. Big RSU grant incoming.
AI Summary
Five Below, Inc. announced on July 15, 2024, the appointment of Sarah D. Wilson as Chief Financial Officer, effective August 5, 2024. Wilson will receive an annual base salary of $475,000 and will be eligible for a discretionary annual bonus. She will also receive a grant of restricted stock units (RSUs) valued at $1,500,000, vesting over four years.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact investor confidence and the company's financial strategy moving forward.
Risk Assessment
Risk Level: medium — A change in CFO can signal strategic shifts or internal challenges, requiring investor attention to the company's future financial performance and leadership stability.
Key Numbers
- $475,000 — CFO Annual Salary (Starting base compensation for Sarah D. Wilson.)
- $1,500,000 — CFO RSU Grant (Initial equity award to incentivize the new Chief Financial Officer.)
Key Players & Entities
- Five Below, Inc. (company) — Registrant
- Sarah D. Wilson (person) — Appointed Chief Financial Officer
- $475,000 (dollar_amount) — Annual base salary for new CFO
- $1,500,000 (dollar_amount) — Value of restricted stock units granted to new CFO
- August 5, 2024 (date) — Effective date for new CFO
FAQ
Who has been appointed as the new Chief Financial Officer of Five Below, Inc.?
Sarah D. Wilson has been appointed as the new Chief Financial Officer of Five Below, Inc.
When will Sarah D. Wilson's appointment as CFO be effective?
Sarah D. Wilson's appointment as CFO will be effective on August 5, 2024.
What is the annual base salary for the new CFO?
The annual base salary for the new CFO, Sarah D. Wilson, is $475,000.
What equity award will Sarah D. Wilson receive?
Sarah D. Wilson will receive a grant of restricted stock units (RSUs) valued at $1,500,000.
How will the RSUs granted to the new CFO vest?
The RSUs granted to Sarah D. Wilson will vest over four years.
Filing Stats: 829 words · 3 min read · ~3 pages · Grade level 10.6 · Accepted 2024-07-16 16:17:01
Filing Documents
- d739476d8k.htm (8-K) — 28KB
- d739476dex991.htm (EX-99.1) — 13KB
- 0001193125-24-179669.txt ( ) — 166KB
- five-20240715.xsd (EX-101.SCH) — 3KB
- five-20240715_lab.xml (EX-101.LAB) — 18KB
- five-20240715_pre.xml (EX-101.PRE) — 11KB
- d739476d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits 99.1 Press Release dated July 16, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: July 16, 2024 Five Below, Inc. By: /s/ Kristy Chipman Name: Kristy Chipman Title: Chief Financial Officer & Treasurer