Advantage Solutions Inc. Files Definitive Proxy Statement
Ticker: ADV · Form: DEF 14A · Filed: Apr 23, 2024 · CIK: 1776661
| Field | Detail |
|---|---|
| Company | Advantage Solutions Inc. (ADV) |
| Form Type | DEF 14A |
| Filed Date | Apr 23, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: DEF 14A, Proxy Statement, Executive Compensation, Advantage Solutions, Corporate Governance
TL;DR
<b>Advantage Solutions Inc. has filed its Definitive Proxy Statement for the fiscal year ending December 31, 2023, detailing executive compensation and corporate governance.</b>
AI Summary
Advantage Solutions Inc. (ADV) filed a Proxy Statement (DEF 14A) with the SEC on April 23, 2024. Advantage Solutions Inc. filed a Definitive Proxy Statement (DEF 14A) on April 23, 2024. The filing covers the fiscal year ending December 31, 2023. The company was formerly known as Conyers Park II Acquisition Corp. until May 13, 2019. The filing details executive compensation components, including stock and option awards. Specific adjustments to compensation based on changes in fair value and dividends are noted for various fiscal years.
Why It Matters
For investors and stakeholders tracking Advantage Solutions Inc., this filing contains several important signals. This DEF 14A filing provides shareholders with crucial information regarding executive compensation, which can influence voting decisions on proposals related to director elections and executive pay. Understanding the adjustments to compensation based on stock awards, options, and dividends offers insight into the company's incentive structures and how they align with performance and shareholder value.
Risk Assessment
Risk Level: low — Advantage Solutions Inc. shows low risk based on this filing. The filing is a routine DEF 14A, providing standard disclosures on executive compensation and corporate governance without immediate financial performance data or significant strategic shifts.
Analyst Insight
Review the executive compensation details and any shareholder proposals to inform voting decisions at the upcoming annual meeting.
Key Numbers
- 2023-12-31 — Fiscal Year End (Reporting period)
- 2024-04-23 — Filing Date (Date of DEF 14A submission)
- 001-38990 — SEC File Number (Advantage Solutions Inc.)
- 834629508 — IRS Number (Advantage Solutions Inc.)
Key Players & Entities
- Advantage Solutions Inc. (company) — Filer
- Conyers Park II Acquisition Corp. (company) — Former company name
- Tanya Domier (person) — Executive mentioned in compensation details
- Jill Griffin (person) — Executive mentioned in compensation details
- David Peacock (person) — Executive mentioned in compensation details
FAQ
When did Advantage Solutions Inc. file this DEF 14A?
Advantage Solutions Inc. filed this Proxy Statement (DEF 14A) with the SEC on April 23, 2024.
What is a DEF 14A filing?
A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by Advantage Solutions Inc. (ADV).
Where can I read the original DEF 14A filing from Advantage Solutions Inc.?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Advantage Solutions Inc..
What are the key takeaways from Advantage Solutions Inc.'s DEF 14A?
Advantage Solutions Inc. filed this DEF 14A on April 23, 2024. Key takeaways: Advantage Solutions Inc. filed a Definitive Proxy Statement (DEF 14A) on April 23, 2024.. The filing covers the fiscal year ending December 31, 2023.. The company was formerly known as Conyers Park II Acquisition Corp. until May 13, 2019..
Is Advantage Solutions Inc. a risky investment based on this filing?
Based on this DEF 14A, Advantage Solutions Inc. presents a relatively low-risk profile. The filing is a routine DEF 14A, providing standard disclosures on executive compensation and corporate governance without immediate financial performance data or significant strategic shifts.
What should investors do after reading Advantage Solutions Inc.'s DEF 14A?
Review the executive compensation details and any shareholder proposals to inform voting decisions at the upcoming annual meeting. The overall sentiment from this filing is neutral.
How does Advantage Solutions Inc. compare to its industry peers?
Advantage Solutions Inc. operates in the business services sector, providing outsourced services to clients.
Are there regulatory concerns for Advantage Solutions Inc.?
The filing is made under the Securities Exchange Act of 1934, specifically Form DEF 14A, which requires public companies to provide detailed information to shareholders for annual meetings.
Industry Context
Advantage Solutions Inc. operates in the business services sector, providing outsourced services to clients.
Regulatory Implications
The filing is made under the Securities Exchange Act of 1934, specifically Form DEF 14A, which requires public companies to provide detailed information to shareholders for annual meetings.
What Investors Should Do
- Review the executive compensation table for key executives like Tanya Domier, Jill Griffin, and David Peacock.
- Analyze the rationale behind compensation adjustments, particularly those related to stock awards and option modifications.
- Examine any shareholder proposals or director nominations presented in the proxy statement.
Key Dates
- 2024-04-23: DEF 14A Filing — Public disclosure of executive compensation and corporate governance for FY 2023.
- 2019-05-13: Name Change — Company formerly known as Conyers Park II Acquisition Corp.
Year-Over-Year Comparison
This filing is a routine DEF 14A, indicating a standard disclosure cycle for executive compensation and corporate governance, with no immediate comparative data from a prior filing provided in this extract.
Filing Stats: 4,841 words · 19 min read · ~16 pages · Grade level 11 · Accepted 2024-04-23 16:05:38
Filing Documents
- adv-20240423.htm (DEF 14A) — 2367KB
- img183677983_0.jpg (GRAPHIC) — 285KB
- img183677983_1.jpg (GRAPHIC) — 15KB
- img183677983_2.jpg (GRAPHIC) — 82KB
- img183677983_3.jpg (GRAPHIC) — 192KB
- img183677983_4.jpg (GRAPHIC) — 188KB
- img183677983_5.jpg (GRAPHIC) — 175KB
- img183677983_6.jpg (GRAPHIC) — 153KB
- img183677983_7.jpg (GRAPHIC) — 75KB
- 0000950170-24-046885.txt ( ) — 6236KB
- adv-20240423.xsd (EX-101.SCH) — 41KB
- adv-20240423_htm.xml (XML) — 423KB
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 24 COMPENSATION DISCUSSION AND ANALYSIS 24 COMPENSATION CONSULTANT 26 PEER GROUP COMPOSITION 26
EXECUTIVE COMPENSATION PROGRAM COMPONENTS
EXECUTIVE COMPENSATION PROGRAM COMPONENTS 27 TAX AND ACCOUNTING CONSIDERATIONS 34 COMPENSATION-RELATED RISK 34 i Table of Contents Page EXECUTIVE SHARE OWNERSHIP GUIDELINES 35 ANTI-HEDGING POLICY 35
EXECUTIVE COMPENSATION RECOUPMENT (CLAWBACK) POLICY
EXECUTIVE COMPENSATION RECOUPMENT (CLAWBACK) POLICY 35 HUMAN CAPITAL COMMITTEE REPORT 35 SUMMARY COMPENSATION TABLE 37 GRANTS OF PLAN-BASED AWARDS IN 2023 39 OUTSTANDING EQUITY AWARDS AT 2023 YEAR-END 44 POTENTIAL PAYMENTS UPON TERMINATION OR CHANGE IN CONTROL 47 CEO PAY RATIO - 2023 57 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS 58
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 61 STOCKHOLDER PROPOSALS FOR THE 2025 ANNUAL MEETING OF STOCKHOLDERS 65 STOCKHOLDER NOMINATIONS OF DIRECTORS FOR THE 2025 ANNUAL MEETING OF STOCKHOLDERS 66 HOUSEHOLDING 67 DELINQUENT SECTION 16(A) REPORTS 68 ANNUAL REPORT ON FORM 10-K 69 OTHER MATTERS 70 ANNEX A NON-GAAP FINANCIAL MEASURES A-1 ii Table of Contents GENERAL INFORMATION THE ANNUAL MEETING The 2024 Annual Meeting of Stockholders (the "Annual Meeting") of Advantage Solutions Inc. ("Advantage," the "Company," "we," "us" and "our") will take place on May 29, 2024 at 11:00 am Central Time. This year's annual meeting will be a completely virtual meeting of stockholders through an audio webcast live over the Internet. There will be no physical meeting location. The meeting will only be conducted via an audio webcast. Please go to www.proxydocs.com/ADV for instructions on how to attend and participate in the Annual Meeting. Any stockholder may attend and listen live to the webcast of the Annual Meeting over the Internet at such website. Stockholders as of the Record Date may vote and submit questions while attending the Annual Meeting via the Internet by following the instructions listed on your proxy card. The webcast starts at 11:00 am Central Time, on May 29, 2024. We encourage you to access the meeting prior to the start time. You may vote by telephone, over the Internet or by completing, signing, dating and returning your proxy card as soon as possible in the enclosed postage prepaid envelope. VOTING RIGHTS Stockholder of Record . If your shares are registered directly in your name with our transfer agent, Continental Stock Transfer & Trust Company, you are considered the "stockholder of record," with respect to those shares. The proxy materials will be sent to you by mail directly by us. As a stockholder of record, you may vote in person at the Annual Meeting or vote by proxy. Whether or not you