secwatch / observer

FIRST ADVANTAGE CORP — fact timeline

Source-grounded facts extracted from FIRST ADVANTAGE CORP's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

FA FIRST ADVANTAGE CORP JSON
Shareholder Votes

FIRST ADVANTAGE CORP shareholders approved Advisory Vote on Compensation of Named Executive Officers at the 2026-06-05 meeting.

“Proposal No. 3-Advisory Vote on Compensation of Named Executive Officers. The stockholders approved, on an advisory (non-binding) basis, the compensation of our named executive officers. The voting results were as follows: Votes For Votes Against Votes Abstained Broker Non-Votes 157,302,586 2,478,182 32,472 2,448,868”
Shareholder Votes

FIRST ADVANTAGE CORP shareholders approved Ratification of Independent Registered Public Accounting Firm at the 2026-06-05 meeting.

“Proposal No. 2-Ratification of Independent Registered Public Accounting Firm. The stockholders ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026. The voting results were as follows: Votes For Votes Against Votes Abstained Broker Non-Votes 162,194,290 38,636 29,182 N/A”
Shareholder Votes

FIRST ADVANTAGE CORP shareholders approved Election of Directors at the 2026-06-05 meeting.

“Proposal No. 1-Election of Directors. The stockholders elected the individuals listed below as Class II directors to serve on the Company’s Board of Directors for a three-year term expiring in 2029. The voting results were as follows: Name Votes For Votes Withheld Broker Non-Votes James L. Clark 135,542,912 24,270,328 2,448,868 Bridgett R. Price 149,762,902 10,050,338 2,448,868 Mark Gillett 126,937,736 32,875,504 2,448,868”
Earnings Releases

FIRST ADVANTAGE CORP reported the first quarter ended March 31, 2026 results: revenue $385.2 million, net income $2.2 million, EPS $0.01. Guidance reaffirmed.

“99.1 First Advantage Reports First Quarter 2026 Results Delivers Another Record Quarter and Reaffirms Full Year 2026 Guidance First Quarter 2026 Highlights 1 • Revenues of $385.2 million (8.6% growth year-over-year) • Net income of $2.2 million (0.6% margin); Diluted net income per share of $0.01 • Adjusted EBITDA of $105.3 million (27.3% margin) • Adjusted Net”
Debt Financings

FIRST ADVANTAGE CORP amended revolving credit of $250.0 million with Bank of America, N.A. at 2.25% to 2.75%, based on the first lien ratio, plus SOFR maturing October 31, 2029.

“reduced the interest rate on the $250.0 million revolving credit facility due October 31, 2029 by 0.50% to a range of 2.25% to 2.75%, based on the first lien ratio, plus SOFR”
Debt Financings

FIRST ADVANTAGE CORP amended term loan with Bank of America, N.A. at 2.50% to 2.75%, based on the first lien ratio, plus SOFR maturing October 31, 2031.

“reduced the interest rate on the term loan facility due October 31, 2031 by 0.50% to a range of 2.50% to 2.75%, based on the first lien ratio, plus SOFR”
M&A Transactions

FIRST ADVANTAGE CORP completed an acquisition involving Sterling Check Corp. for $16.73 in cash per share or 0.979 of a share of First Advantage Common Stock per share (closed 2024-10-31).

“to proration in accordance with the Merger Agreement as described below, one of the following forms of consideration (or a combination thereof) (the “Merger Consideration”): • $16.73 in cash, without interest (the “Cash Consideration”) per share of Sterling Common Stock; or • 0.979 (the “Exchange Ratio”) of a share of common stock, par value $0.001 per share,”

Joelle M. Smith changed role as President at FIRST ADVANTAGE CORP.

“On September 10, 2024, the Board of Directors of First Advantage Corporation (the “Company”), promoted Ms. Joelle M. Smith, the Company’s current President, Data, Technology, and Experience, to the role of the Company’s President, effective as of September 16, 2024 (the “Effective Date”).”

Joseph Jaeger retired as President, Americas at FIRST ADVANTAGE CORP.

“On August 30, 2024, Joseph Jaeger, President, Americas of First Advantage Corporation (“First Advantage”), notified First Advantage of his intention to retire from such position, effective November 1, 2024 (the “Retirement Date”).”

Steven Marks was appointed as Executive Vice President and Chief Financial Officer at FIRST ADVANTAGE CORP.

“on August 8, 2024, the Company announced that Steven Marks, age 38, will succeed Mr. Gamsey as Executive Vice President and Chief Financial Officer and serve as principal financial officer, in addition to continuing to serve as principal accounting officer, effective November 8, 2024.”

David L. Gamsey retired as Executive Vice President and Chief Financial Officer at FIRST ADVANTAGE CORP.

“On August 5, 2024, David L. Gamsey notified the Company of his intent to retire from his position as Executive Vice President and Chief Financial Officer, effective November 8, 2024.”
Earnings Releases

FIRST ADVANTAGE CORP reported Quarter ended March 31, 2024 results: revenue 169.4, net income -2.9, EPS -0.02.

“for the first quarter ended March 31, 2024. Key Financials (Amounts in millions, except per share data and percentages) Three Months Ended March 31, 2024 2023 Change Revenues $ 169.4 $ 175.5 (3.5 )% (Loss) income from operations $ (0.7 ) $ 11.3 NM Net (loss) income $ (2.9 ) $ 1.9 NM Net (loss) income margin (1.7 )% 1.1 % NA Diluted net (loss) income per share”
Material Agreements

FIRST ADVANTAGE CORP entered into Agreement and Plan of Merger with Sterling Check Corp. (effective 2024-02-28).

“on February 28, 2024, First Advantage Corporation, a Delaware corporation (the “Company” or “First Advantage”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Sterling Check Corp., a Delaware corporation (“Sterling”), and Starter Merger Sub, Inc., a Delaware corporation and an indirect wholly-owned subsidiary of First Advantage (“Merger Sub”).”
Earnings Releases

FIRST ADVANTAGE CORP reported financial results for quarter and year ended December 31, 2023.

“On February 29, 2024, First Advantage Corporation (“First Advantage”) issued a press release announcing its financial results for the quarter and year ended December 31, 2023.”
Earnings Releases

FIRST ADVANTAGE CORP reported third quarter ended September 30, 2023 results: revenue $200.4 million, net income $10.8 million, EPS $0.07. Guidance reaffirmed.

“in any such filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 First Advantage Reports Third Quarter 2023 Results Third Quarter 2023 Highlights 1 • Generated Revenues of $200.4 million • Delivered Net Income of $10.8 million; Adjusted Net Income was $40.0 million • Produced Adjusted EBITDA of $64.8 million • Realized GAAP Diluted Net Income Per Share of $0.07;”
Earnings Releases

FIRST ADVANTAGE CORP reported second quarter ended June 30, 2023 results: revenue $185.3 million, net income $9.8 million, EPS $0.07. Guidance reaffirmed.

“Exhibit 99.1 First Advantage Reports Second Quarter 2023 Results Board of Directors declares one-time special dividend Second Quarter 2023 Highlights 1 • Generated Revenues of $185.3 million; Constant Currency Revenues were $186.4 million • Delivered Net Income of $9.8 million; Adjusted Net Income was $34.8 million • Produced Adjusted EBITDA of $56.0 million;”
Shareholder Votes

FIRST ADVANTAGE CORP shareholders approved Advisory vote on the frequency of future advisory votes on executive compensation at the 2023-06-08 meeting.

“Proposal No. 3-Advisory Vote on the Frequency of Future Advisory Votes on Executive Compensation. The stockholders approved, on an advisory (non-binding) basis, the frequency of future advisory votes on the compensation of our named executive officers to occur every year. The voting results were as follows: 1 Year 2 Years 3 Years Votes Abstained Broker Non-Votes 132,625,110 1,016 818,425 164 6,347,738”
Shareholder Votes

FIRST ADVANTAGE CORP shareholders approved Ratification of appointment of Deloitte & Touche LLP as independent registered public accounting firm for fiscal year ending December 31, 2023 at the 2023-06-08 meeting.

“Proposal No. 2-Ratification of Independent Registered Public Accounting Firm. The stockholders ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. The voting results were as follows: Votes For Votes Against Votes Abstained Broker Non-Votes 139,727,146 63,405 1,902 N/A”
Shareholder Votes

FIRST ADVANTAGE CORP shareholders approved Election of Class II directors to serve for a three-year term expiring in 2026 at the 2023-06-08 meeting.

“Proposal No. 1-Election of Directors. The stockholders elected the individuals listed below as Class II directors to serve on the Company’s Board of Directors for a three-year term expiring in 2026. The voting results were as follows: Name Votes For Votes Withheld Broker Non-Votes James L. Clark 121,193,536 12,251,179 6,347,738 Bridgett R. Price 131,361,746 2,082,969 6,347,738 Bianca Stoica 124,426,009 9,018,706 6,347,738”
Earnings Releases

FIRST ADVANTAGE CORP reported the first quarter ended March 31, 2023 results: revenue $175.5 million, net income $1.9 million, EPS $0.01. Guidance reaffirmed.

“First Advantage Reports First Quarter 2023 Results Reaffirming 2023 Full-Year Guidance First Quarter 2023 Highlights • Generated Revenues of $175.5 million; Constant Currency Revenues 1 were $177.7 million • Delivered Net Income of $1.9 million; Adjusted Net Income 1 was $28.4 million • Produced Adjusted EBITDA 1 of $48.6 million; Constant Currency Adjusted EBITDA 1 was $49.1 million • Realized GAAP diluted net income per share of $0.01; Adjusted Diluted EPS 1 was $0.19 • Achieved Cash Flows from Operations of $38.6 million”
Earnings Releases

FIRST ADVANTAGE CORP reported Full Year 2023 results: revenue $770 million to $810 million, EPS $1.00 to $1.07. Guidance initiated.

“Introducing full year 2023 guidance ranges for Revenues of $770 million to $810 million, Adjusted EBITDA of $240 million to $255 million, Adjusted Net Income of $145 million to $155 million, and Adjusted Diluted Earnings Per Share of $1.00 to $1.07”
Earnings Releases

FIRST ADVANTAGE CORP reported Fourth Quarter 2022 results: revenue $212.6 million, net income $20.1 million.

“• Generated Revenues of $212.6 million; Constant Currency Revenues 1 were $216.3 million • Delivered Net Income of $20.1 million”
Earnings Releases

FIRST ADVANTAGE CORP reported Full Year 2022 results: revenue $810.0 million, net income $64.6 million.

“Cash Flows from Operations; Introduces 2023 Guidance Full Year 2022 Highlights (All results compared to prior-year period unless otherwise noted) • Generated record Revenues of $810.0 million, an increase of 13.7%; Constant Currency Revenues 1 were $820.3 million, an increase of 15.2% • Delivered Net Income of $64.6 million, an increase of 302.5% • Produced Adjusted”
Earnings Releases

FIRST ADVANTAGE CORP reported third quarter ended September 30, 2022 results: revenue $206.0 million, net income $17.2 million. Guidance lowered.

“Exhibit 99.1 First Advantage Reports Third Quarter 2022 Results Third Quarter 2022 Highlights (All results compared to prior-year period unless otherwise noted) • Revenues were $206.0 million, an increase of 6.8%, compared to $192.9 million; Constant Currency Revenues 1 were $209.4 million, an increase of 8.6% • Net income was $17.2 million, an increase of 5.7%,”

Bridgett R. Price was elected as Director at FIRST ADVANTAGE CORP.

“elected Bridgett R. Price to fill the vacancy so created, both effective June 17, 2022.”

Joelle M. Smith was appointed as President, Data, Technology, and Experience at FIRST ADVANTAGE CORP.

“On May 11, 2022, the Board of Directors of the Company appointed Joelle M. Smith as President, Data, Technology, and Experience, effective May 11, 2022.”

Steven Marks was appointed as Chief Accounting Officer at FIRST ADVANTAGE CORP.

“On March 3, 2022, the Board of Directors of First Advantage Corporation (the “Company”) appointed Steven Marks as Chief Accounting Officer, effective February 28, 2022.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.