secwatch.observer — SEC 8-K summary
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Issuer:     FIRST ADVANTAGE CORP (FA)
CIK:        0001210677
Form:       8-K
Filed at:   2024-09-03T23:59:59+00:00
Accession:  0000950170-24-102822
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

President, Americas Joseph Jaeger to Retire November 1, 2024; Equity Vesting Extended
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- President Americas Joseph Jaeger retires effective Nov 1, 2024, under a retirement agreement dated Sept 3, 2024.
- Jaeger receives base salary continuation for 6 months, full 2024 MICP bonus, and extended equity vesting through Jan 31, 2026.
- Unvested equity includes 265,942 RSAs, 263,249 stock options ($13.50 strike), and 29,918 RSUs; 12,967 RSUs vesting June 2026 forfeited.
- $50,000 commission bonus payable by Dec 31, 2025 for consulting on a strategic customer account.
- Non-compete extended through Jan 31, 2026; non-disparagement extended to include Silver Lake Group.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1210677/000095017024102822/0000950170-24-102822-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1210677/000095017024102822/fa-20240830.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-102822

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