Five Below Appoints New CFO, Sarah Wilson

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

From the Filing

0001193125-24-179669.txt : 20240716 0001193125-24-179669.hdr.sgml : 20240716 20240716161701 ACCESSION NUMBER: 0001193125-24-179669 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240715 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240716 DATE AS OF CHANGE: 20240716 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIVE BELOW, INC CENTRAL INDEX KEY: 0001177609 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-VARIETY STORES [5331] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 753000378 STATE OF INCORPORATION: PA FISCAL YEAR END: 0201 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35600 FILM NUMBER: 241119837 BUSINESS ADDRESS: STREET 1: 701 MARKET STREET STREET 2: SUITE 300 CITY: PHILADELPHIA STATE: PA ZIP: 19106 BUSINESS PHONE: 215 546 7909 MAIL ADDRESS: STREET 1: 701 MARKET STREET STREET 2: SUITE 300 CITY: PHILADELPHIA STATE: PA ZIP: 19106 FORMER COMPANY: FORMER CONFORMED NAME: FIVE BELOW INC DATE OF NAME CHANGE: 20030305 FORMER COMPANY: FORMER CONFORMED NAME: CHEAP HOLDINGS INC DATE OF NAME CHANGE: 20020717 8-K 1 d739476d8k.htm 8-K 8-K FIVE BELOW, INC false 0001177609 0001177609 2024-07-15 2024-07-15     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 15, 2024     FIVE BELOW, INC. (Exact Name of Registrant as Specified in Charter)       Pennsylvania   001-35600   75-3000378 (State or Other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.) 701 Market Street Suite 300 Philadelphia , PA 19106 (Address of Principal Executive Offices) (Zip Code) Registrant’s telephone number, including area code: (215) 546-7909 Not applicable (Former Name or Former Address, if Changed Since Last Report)     Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common stock   FIVE   The Nasdaq Stock Market LLC Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:     ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)     ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)     ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))     ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.   ☐ Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers Resignation of Joel D. Anderson as President and Chief Executive Officer and Director On July 15, 2024, Joel D. Anderson, President and Chief Executive Officer of Five Below, Inc. (the “Company”), notified the Compan