Advantage Solutions Inc. Director Changes & Officer Compensation
Ticker: ADV · Form: 8-K · Filed: Jan 3, 2025 · CIK: 1776661
| Field | Detail |
|---|---|
| Company | Advantage Solutions Inc. (ADV) |
| Form Type | 8-K |
| Filed Date | Jan 3, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $11.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: director-change, officer-compensation, governance
TL;DR
Board shuffle at Advantage Solutions Inc. - Muldowney out, Johnson in. Officer pay details also filed.
AI Summary
Advantage Solutions Inc. announced on January 2, 2025, the departure of director Michael D. Muldowney and the appointment of new director David R. Johnson. The company also disclosed compensatory arrangements for certain officers, though specific details and dollar amounts were not provided in this filing.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns routine board changes and disclosure of compensation arrangements, with no immediate financial distress or significant operational shifts indicated.
Key Players & Entities
- Advantage Solutions Inc. (company) — Registrant
- Michael D. Muldowney (person) — Departing Director
- David R. Johnson (person) — Appointed Director
- Conyers Park II Acquisition Corp. (company) — Former Company Name
FAQ
When did Michael D. Muldowney's departure from the board become effective?
The filing indicates the earliest event reported was January 2, 2025, suggesting this is the effective date or around it.
What is the specific role David R. Johnson will assume on the board?
The filing states David R. Johnson was appointed as a director, but does not specify a committee assignment or leadership role.
Are the details of the compensatory arrangements for certain officers included in this filing?
The filing mentions compensatory arrangements of certain officers as an item, but the specific details and dollar amounts are not provided within the text of this 8-K.
What is Advantage Solutions Inc.'s state of incorporation?
Advantage Solutions Inc. is incorporated in Delaware.
What was Advantage Solutions Inc.'s former company name?
Advantage Solutions Inc.'s former company name was Conyers Park II Acquisition Corp.
Filing Stats: 619 words · 2 min read · ~2 pages · Grade level 15 · Accepted 2025-01-03 16:15:08
Key Financial Figures
- $0.0001 — hich registered Class A common stock, $0.0001 par value per share ADV NASDAQ Glob
- $11.50 — A common stock at an exercise price of $11.50 per share ADVWW NASDAQ Global Selec
Filing Documents
- adv-20250102.htm (8-K) — 42KB
- adv-ex99_1.htm (EX-99.1) — 1449KB
- 0000950170-25-001184.txt ( ) — 1708KB
- adv-20250102.xsd (EX-101.SCH) — 96KB
- adv-20250102_htm.xml (XML) — 6KB
Forward-Looking Statements
Forward-Looking Statements This Current Report on Form 8-K contains forward-looking statements, including statements related to the resignation and appointment of certain officers of the Company, which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially, including statements related to the disclosures contained herein. These risks and uncertainties include, among others, the risks and uncertainties included in the reports and other filings by the Company with the SEC, including in the Company's Annual Report on Form 10-K for the year ended December 31, 2023 under the heading "Risk Factors." The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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 thereunto duly authorized. ADVANTAGE SOLUTIONS INC. Date: January 3, 2025 By: /s/ Christopher Growe Christopher Growe Chief Financial Officer