secwatch.observer — SEC 8-K summary
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Issuer:     Vestis Corp (VSTS)
CIK:        0001967649
Form:       8-K
Filed at:   2023-12-01T23:59:59+00:00
Accession:  0001193125-23-287457
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vestis adopts management incentive and deferred compensation plans
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- Management Incentive Bonus Plan effective Sept 30, 2023, covers executives in career bands 1-3.
- Deferred Compensation Plan effective Jan 1, 2024, allows directors and executives to defer cash and equity compensation.
- Bonus awards based on pre-established performance measures; payout discretion retained by Compensation Committee.
- Deferred amounts credited to equity accounts (company stock) or cash accounts with interest tied to Moody's Baa index.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1967649/000119312523287457/0001193125-23-287457-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1967649/000119312523287457/d520557d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-287457

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