Business Context and Reporting Period
This Form 8-K filing by FIVE BELOW, INC. reports on the Annual Meeting of Shareholders held on June 20, 2017. The filing details the voting results for director elections and the ratification of the independent auditor.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance voting outcomes.
Material Changes
No material financial changes are reported in this document. The primary event is the successful election of three Class II Directors and the ratification of KPMG LLP as the independent registered public accounting firm for the fiscal year ending February 3, 2018.
Outlook and Governance Results
Voting Participation: Of 55,102,071 shares entitled to vote, 51,877,353 were present in person or by proxy.
Proposal 1: Election of Class II Directors
- Joel D. Anderson: 48,405,137 For; 305,392 Against; 528,983 Abstentions.
- Kathleen S. Barclay: 48,266,261 For; 444,491 Against; 528,760 Abstentions.
- Thomas M. Ryan: 48,289,213 For; 421,286 Against; 529,013 Abstentions.
Proposal 2: Ratification of Auditor (KPMG LLP)
- For: 51,794,912
- Against: 36,123
- Abstentions: 46,318
Investor Verification Checklist
- Confirm the tenure of the newly elected Class II Directors (until the 2020 Annual Meeting).
- Verify the appointment of KPMG LLP for the fiscal year ending February 3, 2018.
- Note the high level of shareholder participation (approximately 94% of entitled shares present).
- Review the company's 10-K or 10-Q filings for actual financial performance data, as this 8-K contains none.