{"schema_version":"secwatch.filing_event.v1","accession":"0001967649-25-000029","form_type":"8-K","ticker":"VSTS","cik":"0001967649","company_name":"Vestis Corp","filed_at":"2025-05-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.592576+00:00","generated_at":"2026-05-22T14:34:51.758856+00:00","sec_items":["1.01","2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Vestis Q2 revenue $665M (-6% YoY), net loss $28M; credit covenant relaxed to 5.25x; new CEO Jim Barber","bullets":["Revenue $665.2M, operating loss $8.6M, net loss $27.8M ($0.21 diluted loss).","Adjusted EBITDA $47.6M (incl. $15M bad debt); ex-bad debt $62.6M vs $87.2M prior year.","Credit amendment raises net leverage covenant to 5.25x through Q2 2026; restricts dividends and buybacks.","Jim Barber appointed President & CEO effective June 2, 2025; Phillip Holloman returns to Chairman.","Q3 revenue guidance $674-682M; Adjusted EBITDA at least $63M. No FY 2025 guidance given."],"urls":{"canonical":"https://secwatch.observer/filing/0001967649-25-000029","json":"https://secwatch.observer/filing/0001967649-25-000029.json","markdown":"https://secwatch.observer/filing/0001967649-25-000029.md","text":"https://secwatch.observer/filing/0001967649-25-000029.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1967649/000196764925000029/0001967649-25-000029-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1967649/000196764925000029/vsts-20250501.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T14:34:51.758856+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}