secwatch.observer — SEC 8-K summary
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Issuer:     Vestis Corp (VSTS)
CIK:        0001967649
Form:       8-K
Filed at:   2024-04-05T23:59:59+00:00
Accession:  0001140361-24-018316
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vestis enters new employment agreements with CEO/CFO/CHRO/CTO; CLO Donovan to retire Oct 4, 2024
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- CEO Kim Scott: $925k base salary, 125% target bonus, $3.6M LTIP target.
- CFO Rick Dillon: $618k base salary, 75% target bonus, $1M LTIP target.
- CHRO Angela Kervin: $450k base salary, 60% target bonus, $500k LTIP target.
- CTO Grant Shih: $380k base salary, 50% target bonus, $400k LTIP target.
- EVP/CLO Timothy Donovan notified retirement effective October 4, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1967649/000114036124018316/0001140361-24-018316-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1967649/000114036124018316/ef20025498_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-018316

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