{"schema_version":"secwatch.filing_event.v1","accession":"0001967649-25-000033","form_type":"8-K","ticker":"VSTS","cik":"0001967649","company_name":"Vestis Corp","filed_at":"2025-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.592973+00:00","generated_at":"2026-05-22T02:22:00.067466+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Vestis appoints former UPS COO Jim Barber as President and CEO effective June 2, 2025","bullets":["Jim Barber, 64, former UPS COO (2018-2020) with 35-year UPS career, named President and CEO effective June 2, 2025; will also join the Board.","Base salary set at $950,000; target bonus of 125% of base salary; annual equity target of $4 million under LTIP.","Initial sign-on RSU award of $3 million, cliff vesting on third anniversary.","Severance: on non-cause termination, 18 months of base salary plus target bonus paid ratably; on qualifying change-in-control termination, 2x base plus target in lump sum.","Employment agreement includes perpetual non-disclosure, 18-month non-compete and non-solicitation covenants."],"urls":{"canonical":"https://secwatch.observer/filing/0001967649-25-000033","json":"https://secwatch.observer/filing/0001967649-25-000033.json","markdown":"https://secwatch.observer/filing/0001967649-25-000033.md","text":"https://secwatch.observer/filing/0001967649-25-000033.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1967649/000196764925000033/0001967649-25-000033-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1967649/000196764925000033/vsts-20250505.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T02:22:00.067466+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":[{"claim_id":"7ae69b7f5c","claim":"Jim Barber was appointed as Director at Vestis Corp.","evidence_excerpt":"Upon his assumption of the role of President and Chief Executive Officer, he will be appointed to serve on the Company’s Board of Directors.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1967649/000196764925000033/0001967649-25-000033-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"e0b4d965ba","claim":"Jim Barber was appointed as President and Chief Executive Officer at Vestis Corp.","evidence_excerpt":"On May 5, 2025, Vestis Corporation (the “Company”) appointed Jim Barber as President and Chief Executive Officer, effective as of June 2, 2025","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1967649/000196764925000033/0001967649-25-000033-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}