On May 1, 2026, Five Below, Inc. announced that it has received a shareholder proposal from The Accountability Board Inc requesting that the board take the steps necessary so that any voting requirement in our governing documents calling for a greater than simple majority vote be replaced by a requirement for a majority of the votes cast for and against applicable proposals, or a simple majority in compliance with applicable laws, in connection with the annual meeting of shareholders scheduled to be held on June 16, 2026.