Vestis Corp: Director Changes and Officer Compensation Update
Ticker: VSTS · Form: 8-K · Filed: Aug 26, 2025 · CIK: 1967649
| Field | Detail |
|---|---|
| Company | Vestis CORP (VSTS) |
| Form Type | 8-K |
| Filed Date | Aug 26, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, officer-compensation, board-of-directors
TL;DR
Vestis Corp board shakeup: Smith out, Miller & Zatta in. Officer pay details also filed.
AI Summary
Vestis Corporation announced on August 20, 2025, the departure of Director Michael E. Smith and the appointment of new directors, including David M. Miller and Robert J. Zatta. The company also reported on compensatory arrangements for certain officers. This filing is a current report under the Securities Exchange Act of 1934.
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: medium — Director departures and appointments, along with details on officer compensation, can introduce uncertainty regarding leadership stability and strategic direction.
Key Numbers
- 20250820 — Date of Report (Earliest event reported)
- 001-41783 — SEC File Number (Vestis Corp's SEC filing number)
Key Players & Entities
- Vestis Corporation (company) — Registrant
- Michael E. Smith (person) — Departing Director
- David M. Miller (person) — Appointed Director
- Robert J. Zatta (person) — Appointed Director
- Epic NewCo, Inc. (company) — Former Company Name
FAQ
Who has departed from the Vestis Corporation board of directors?
Michael E. Smith has departed from the Vestis Corporation board of directors as of August 20, 2025.
Who has been appointed as new directors to the Vestis Corporation board?
David M. Miller and Robert J. Zatta have been appointed as new directors to the Vestis Corporation board.
What is the primary purpose of this Form 8-K filing for Vestis Corporation?
This Form 8-K filing serves as a current report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, reporting on director departures, appointments, and officer compensation.
When was Vestis Corporation formerly known as?
Vestis Corporation was formerly known as Epic NewCo, Inc., with a date of name change on February 28, 2023.
What is Vestis Corporation's principal executive office address?
Vestis Corporation's principal executive office is located at 1035 Alpharetta Street, Suite 2100, Roswell, Georgia 30075.
Filing Stats: 847 words · 3 min read · ~3 pages · Grade level 14.7 · Accepted 2025-08-26 16:08:18
Key Financial Figures
- $0.01 — ch Registered Common Stock, par value $0.01 per share VSTS New York Stock Excha
Filing Documents
- ef20054398_8k.htm (8-K) — 38KB
- ef20054398_ex10-1.htm (EX-10.1) — 63KB
- 0001140361-25-032717.txt ( ) — 243KB
- vsts-20250820.xsd (EX-101.SCH) — 4KB
- vsts-20250820_lab.xml (EX-101.LAB) — 21KB
- vsts-20250820_pre.xml (EX-101.PRE) — 16KB
- ef20054398_8k_htm.xml (XML) — 4KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On August 20, 2025, the Compensation and Human Resources Committee (the "Committee") of Vestis Corporation (the "Company") approved special, one-time Long-Term Incentive awards (referred to as "Vestis Retention LTI Awards") to aid in the retention of certain key employees, including members of the executive leadership team and other key employees of the Company who are critical to the Company's future success. This group of key employees includes certain executive officers of the Company (other than Jim Barber, President and Chief Executive Officer of the Company). The Vestis Retention LTI Awards will be granted to the following Executive Officers effective August 25 , 2025 (the "Grant Date") with the following Retention LTI Awards for each as follows: Vestis Executive Officer & Title Vestis Retention LTI Award (Time-Vesting RSUs) Kelly Janzen EVP & Chief Financial Officer 200,000 RSUs William J. Seward EVP & Chief Operating Officer 80,000 RSUs Andr C. Bouchard EVP, Chief Legal Officer, General Counsel & Corporate Secretary 80,000 RSUs Grant Shih EVP & Chief Technology Officer 80,000 RSUs These Vestis Retention LTI Awards generally represents between 0.3x and 1.0x of the typical Annual LTI Award grant "value" provided to each Executive Officer, which are typically granted in November for the current fiscal year, subject to Committee approval. Recipients of the Vestis Retention LTI Award will receive time-based restricted stock units that will vest two-thirds on the second anniversary, and one-third on the third anniversary, of the Grant Date provided that the recipient remains actively employed by the Company on the applicable vesting date. In the event that a recipient's employment is terminated before an applicable vesting date as a result of death, disability (as defined in the Company'
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 10.1 Form of Vestis Retention Restricted Stock Unit Award Grant Agreement 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE 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. Vestis Corporation Date: August 26, 2025 By: /s/ Jim Barber Name: Jim Barber Title: President and Chief Executive Officer