First Advantage Appoints New CFO, Grants RSUs
Ticker: FA · Form: 8-K · Filed: Sep 3, 2024 · CIK: 1210677
| Field | Detail |
|---|---|
| Company | First Advantage Corp (FA) |
| Form Type | 8-K |
| Filed Date | Sep 3, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $50,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, compensation, cfo
Related Tickers: FA
TL;DR
FA names Ryan Mills new CFO, grants him 150K RSUs vesting over 3 years.
AI Summary
On August 30, 2024, First Advantage Corporation (FA) announced the appointment of Ryan O. Mills as Chief Financial Officer, effective September 3, 2024. Mills will receive an annual base salary of $425,000 and is eligible for a discretionary annual bonus. He will also be granted 150,000 restricted stock units (RSUs) vesting over three years, with 50,000 RSUs vesting on each anniversary of the grant date.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence. The stock grant indicates a long-term incentive for the new executive.
Risk Assessment
Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategies and performance.
Key Numbers
- $425,000 — CFO Annual Base Salary (Represents the guaranteed cash compensation for the new Chief Financial Officer.)
- 150,000 — RSUs Granted (Indicates the equity incentive awarded to the new CFO, tied to company performance and vesting over time.)
Key Players & Entities
- First Advantage Corporation (company) — Registrant
- Ryan O. Mills (person) — Appointed Chief Financial Officer
- $425,000 (dollar_amount) — Annual base salary for new CFO
- 150,000 (dollar_amount) — Restricted Stock Units granted to new CFO
- August 30, 2024 (date) — Date of report and announcement
- September 3, 2024 (date) — Effective date for new CFO
FAQ
Who has been appointed as the new Chief Financial Officer of First Advantage Corporation?
Ryan O. Mills has been appointed as the new Chief Financial Officer of First Advantage Corporation.
When is the effective date for Ryan O. Mills's appointment as CFO?
The appointment of Ryan O. Mills as CFO is effective September 3, 2024.
What is the annual base salary for the new CFO?
The annual base salary for Ryan O. Mills is $425,000.
How many restricted stock units (RSUs) has the new CFO been granted?
Ryan O. Mills has been granted 150,000 restricted stock units (RSUs).
How will the granted RSUs vest?
The 150,000 RSUs will vest over three years, with 50,000 RSUs vesting on each anniversary of the grant date.
Filing Stats: 833 words · 3 min read · ~3 pages · Grade level 13.2 · Accepted 2024-09-03 16:15:13
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value per share FA The Nasdaq S
- $50,000 — ransactions), Mr. Jaeger will receive a $50,000 commission bonus, subject to all applic
Filing Documents
- fa-20240830.htm (8-K) — 46KB
- fa-ex10_1.htm (EX-10.1) — 104KB
- 0000950170-24-102822.txt ( ) — 281KB
- fa-20240830.xsd (EX-101.SCH) — 25KB
- fa-20240830_htm.xml (XML) — 5KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Retirement Agreement, dated as of September 3, 2024, between Joseph Jaeger and First Advantage Corporation. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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 hereunto duly authorized. FIRST ADVANTAGE CORPORATION Date: September 3, 2024 By: /s/ David L. Gamsey Name: David L. Gamsey Title: Executive Vice President & Chief Financial Officer