secwatch.observer — SEC 8-K summary
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Issuer:     Advantage Solutions Inc. (ADV)
CIK:        0001776661
Form:       8-K
Filed at:   2023-01-18T23:59:59+00:00
Accession:  0001193125-23-010252
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Advantage Solutions CEO Jill Griffin Resigns; David Peacock Appointed CEO and Christopher Baldwin Joins Board
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- Jill Griffin resigned as CEO and director effective January 16, 2023.
- David Peacock appointed CEO and director effective February 1, 2023; base salary $1.1M, signing bonus $1.3M.
- Christopher Baldwin appointed Class I director effective February 1, 2023; serves as executive chairman of BJ's Wholesale.
- Griffin eligible for severance: 24 months salary, pro-rated bonus, health coverage, and equity vesting.
- Peacock receives 8M options with exercise prices $2.50, $5.00, $10.00 vesting over 5 years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1776661/000119312523010252/0001193125-23-010252-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1776661/000119312523010252/d413458d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-010252

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