secwatch.observer — SEC 8-K summary
======================================

Issuer:     Advantage Solutions Inc. (ADV)
CIK:        0001776661
Form:       8-K
Filed at:   2023-04-03T23:59:59+00:00
Accession:  0000950170-23-011618
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Jim Kilts named Chairman of Advantage Solutions board; CFO receives 1.8M option grant
--------------------------------------------------------------------------------

- Jim Kilts appointed Chairman effective March 31, 2023, succeeding Tanya Domier who retired.
- CFO Christopher Growe entered amended employment agreement with 1.8M sign-on options vesting over 5 years.
- Options exercise prices set at $2.00, $5.00, $10.00 per share for one-third each.
- Restated 2020 Incentive Award Plan increases share reserve by 50M shares, subject to stockholder vote on May 24, 2023.
- Contingent awards (options and 2023 equity grant) hinge on stockholder approval of restated plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1776661/000095017023011618/0000950170-23-011618-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1776661/000095017023011618/adv-20230328.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-011618

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer