A chain of specialty discount stores aimed at tweens and teens, selling toys, fashion accessories, tech gadgets, and candy, with most items priced at five dollars or below. It was founded in 2002 by Tom Vellios and David Schlessinger, former colleagues at the toy retailer Zany Brainy, who opened the first store in Wayne, Pennsylvania. The name points straight at the price tag, and the business was even registered as "Cheap Holdings" before settling on Five Below.
Five Below discloses cybersecurity incident with limited impact, filed as other event
On July 15, 2026, Five Below detected anomalous activity on a company-issued computer and activated its cybersecurity incident response plan.
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A threat actor used social engineering on July 14, 2026, to gain unauthorized access to an employee's computer and exfiltrated files.
The company states the incident was contained, limited to the affected employee's environment, and no personally identifiable information was accessed or exfiltrated.
Five Below does not believe the incident has had or is reasonably likely to have a material impact on its business, operations, or financial condition.
The report was filed under Item 8.01 (Other Events) to disclose the incident and related forward-looking statements.
Five Below announces departure of George S. Hill and separation agreement
Mr. Hill will receive a lump-sum cash payment of $700,000 (twelve months' base salary) and $20,000 for healthcare continuation coverage.
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George S. Hill's employment with Five Below ceased on February 3, 2026.
On February 8, 2026, Five Below and Mr. Hill entered into a Separation Agreement and Release.
He will remain available for 90 days to advise on transition matters, and will receive additional payments and continued vesting of 3,269 restricted stock units.
The agreement includes cooperation, non-disparagement, and reaffirmation of restrictive covenants.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
Outlook includes expected tariff impact but excludes any share repurchases; CEO Winnie Park and CFO Dan Sullivan to speak at ICR Conference on Jan 12, 2026.
7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Five Below appoints Daniel Sullivan as CFO, effective October 6, 2025
Sullivan will receive an annual base salary of $850,000, a $500,000 signing bonus, and an initial RSU grant valued at $2,000,000.
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Daniel Sullivan was appointed Chief Financial Officer, effective October 6, 2025, succeeding Interim CFO Kenneth Bull.
Sullivan previously served as EVP and COO of Edgewell Personal Care and CFO of Party City, Ahold USA, and Heineken USA.
The company also announced Michelle Israel as Chief Merchandising Officer, effective October 6, 2025.
Sullivan's offer letter includes participation in the Executive Severance Plan and 12-month non-compete covenants.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits