Vestis CEO Kim Scott departs; Chairman Phillip Holloman appointed interim CEO

Vestis Corp

Kim Scott left as President/CEO and Board member effective March 18, 2025, with no disagreement with the company.
Separation benefits consistent with termination other than for cause under her April 2024 employment agreement.
Phillip Holloman, Board Chairman since Sept 2023, appointed interim Executive Chairman, President and CEO.
Holloman compensation: $125,000 per month plus RSUs ($675,000 initial grant, then $225,000 monthly).
Doug Pertz will serve as Lead Director during Holloman's tenure.

item 5.02

Executive movements

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Departed

Kim Scott

President and Chief Executive Officer

VSTS · Vestis Corp

Effective: 2025-03-18
Successor: Phillip Holloman
Filed: March 19, 2025, 7:59 PM ET

On March 18, 2025, the Board of Directors of Vestis Corporation (the “Company” or “Vestis”) determined that Kim Scott, President and Chief Executive Officer, will leave her positions with the Company, effective March 18, 2025.

Appointed (interim)

Phillip Holloman

interim Executive Chairman, President and Chief Executive Officer

VSTS · Vestis Corp

Effective: 2025-03-18
Filed: March 19, 2025, 7:59 PM ET

On March 18, 2025, the Company appointed Phillip Holloman, Chairman of the Board of Directors of the Company since September 2023, as interim Executive Chairman, President and Chief Executive Officer, effective March 18, 2025.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Kim Scott resigned as President and Chief Executive Officer at Vestis Corp.

Action: resigned
Role: President and Chief Executive Officer

Exact text from the filing

On March 18, 2025, the Board of Directors of Vestis Corporation (the “Company” or “Vestis”) determined that Kim Scott, President and Chief Executive Officer, will leave her positions with the Company, effective March 18, 2025.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Phillip Holloman was appointed as interim Executive Chairman, President and Chief Executive Officer at Vestis Corp.

Action: appointed
Role: interim Executive Chairman, President and Chief Executive Officer

Exact text from the filing

On March 18, 2025, the Company appointed Phillip Holloman, Chairman of the Board of Directors of the Company since September 2023, as interim Executive Chairman, President and Chief Executive Officer, effective March 18, 2025.

View on SEC.gov

Vestis Corp filing history →

Source: SEC EDGAR

accession 0001140361-25-009358

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