First Advantage Appoints New CFO, Brenda Doyle

TL;DR

New CFO Brenda Doyle starts Sept 16th with $450k salary + stock options.

AI Summary

On September 10, 2024, First Advantage Corporation announced the appointment of Brenda J. Doyle as Chief Financial Officer, effective September 16, 2024. Doyle will receive an annual base salary of $450,000 and is eligible for a discretionary annual bonus. She will also be granted 150,000 stock options and 50,000 restricted stock units, vesting over three years.

Why It Matters

The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence.

Risk Assessment

Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategies and performance.

Key Numbers

• $450,000 — CFO Annual Base Salary (Brenda Doyle's starting salary)
• 150,000 — Stock Options Granted (Awarded to new CFO)
• 50,000 — Restricted Stock Units Granted (Awarded to new CFO)

Key Players & Entities

• First Advantage Corporation (company) — Registrant
• Brenda J. Doyle (person) — Appointed Chief Financial Officer
• September 10, 2024 (date) — Date of Report
• September 16, 2024 (date) — Effective date of CFO appointment
• $450,000 (dollar_amount) — Annual base salary for new CFO
• 150,000 stock options (dollar_amount) — Stock options granted to new CFO
• 50,000 restricted stock units (dollar_amount) — Restricted stock units granted to new CFO

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value per share FA The Nasdaq S
• $600,000.00 — will increase her annual base salary to $600,000.00 and she will be eligible to receive a d
• $450,000.00 — iscretionary annual cash bonus of up to $450,000.00. Additionally, on the Effective Date, M
• $2,500,000 — reement)), having a fair value equal to $2,500,000, comprised of 50% stock options and 50%

Filing Documents

• fa-20240910.htm (8-K) — 44KB
• fa-ex99_1.htm (EX-99.1) — 15KB
• 0000950170-24-105519.txt ( ) — 178KB
• fa-20240910.xsd (EX-101.SCH) — 25KB
• fa-20240910_htm.xml (XML) — 5KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On September 11, 2024, the Company issued a press release, relating to the promotion of Ms. Smith. A copy of the press release is furnished as Exhibit 99.1 hereto and incorporated herein by reference. The information furnished under this Item 7.01, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that section and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise expressly stated by specific reference in any such filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release of First Advantage Corporation, dated September 11, 2024. 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 11, 2024 By: /s/ David L. Gamsey Name: David L. Gamsey Title: Executive Vice President & Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR