Highest-materiality recent filing
Base salary remains $400k; target bonus unchanged at 35% of base salary under MIB plan.
Vestis Q2 revenue $659M flat YoY; raises FY26 Adj. EBITDA guidance to $310M midpoint
Net income $2.6M ($0.02 EPS) vs net loss $(27.8M) in prior year; adj. net income $21.8M ($0.16 EPS).
Vestis shareholders elect directors, approve say-on-pay and auditor at 2026 annual meeting
Elected Tracy Jokinen, Mary Anne Whitney, and Ena Williams as directors with >103M votes each.
Vestis Q1 net loss $6.4M (-$0.05), revenue $663M down 3%; reaffirms FY26 outlook
Revenue $663.4M, down 3.0% YoY on flat volume; net loss $6.4M vs net income $0.8M in Q1 FY25.
Vestis CFO Kelly Janzen resigns; Adam Bowen named interim CFO; FY2026 guidance reaffirmed
CFO Kelly Janzen resigns to pursue other opportunities; stays through Dec 31, 2025.
Vestis reports Q4 net loss $13M, revenue $712M; transformation plan targets $75M savings
Q4 revenue $712M (+4.1% YoY incl. extra week; ex-week -3.5%); net loss $13M (-$0.10 EPS); adjusted EPS $0.03.
Vestis EVP and CTO Grant Shih to depart effective Oct 7, 2025
Grant Shih, EVP and Chief Technology Officer, leaving Vestis on October 7, 2025.
Vestis grants special retention RSUs to four executives, excluding CEO
Kelly Janzen (CFO) gets 200,000 RSUs; Seward (COO), Bouchard (CLO), Shih (CTO) each get 80,000 RSUs.
Vestis Q3 revenue down 3.5% to $674M; net loss $0.7M, adjusted EBITDA $64M
Revenue $674M, down 3.5% YoY; rental revenue fell $18M, direct sales down $5.6M.
Vestis appoints John Laveck as VP and Chief Accounting Officer effective June 2, 2025
John Laveck appointed VP & CAO effective June 2, 2025; base salary $350k, bonus target 35%.
Vestis appoints former UPS COO Jim Barber as President and CEO effective June 2, 2025
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.
Vestis EVP and CHRO Angie Kervin resigns effective May 16, 2025
Angie Kervin, EVP and Chief Human Resources Officer, resigns effective May 16, 2025.
Vestis raises Corvex's beneficial ownership limit to 20% in standstill amendment
Beneficial ownership limit increased from 15% to 20%; economic exposure limit from 17% to 20%.
Revenue $665.2M, operating loss $8.6M, net loss $27.8M ($0.21 diluted loss).
Vestis CEO Kim Scott departs; Chairman Phillip Holloman appointed interim CEO
Kim Scott left as President/CEO and Board member effective March 18, 2025, with no disagreement with the company.
Vestis CAO Bryan Johnson resigns effective March 10; CFO Kelly Janzen to assume duties
Bryan Johnson resigned as Chief Accounting Officer of Vestis, effective March 10, 2025.
Vestis CLO retires, CFO departs; Kelly Janzen appointed CFO effective Feb 14
Timothy Donovan, EVP and CLO, retires effective Feb 14, 2025; CFO Rick Dillon departs same date with no disagreement.
Vestis Q1 revenue $684M in-line; reaffirms FY25 guidance; announces CFO/CLO transitions
Q1 revenue $684M, operating income $30M, adjusted EBITDA $81M (11.9% margin), in-line with expectations.
Vestis shareholders elect four directors and approve say-on-pay at 2025 annual meeting
William Goetz, Lynn McKee, Keith Meister, Doug Pertz elected with >96% of votes cast (excluding broker non-votes).
Vestis reports FY2024 revenue $2.8B, Adj. EBITDA $353M; cash flow up 83.6%
Fiscal 2024 revenue $2.8B; operating income $158M (5.6% of revenue).
Vestis Chief Legal Officer Timothy Donovan postpones retirement, stays beyond Oct 4
Previously announced retirement effective Oct 4, 2024 has been revised.
Vestis appoints William W. Goetz to Nominating, Governance and Corporate Responsibility Committee
William W. Goetz elected as new non-employee director effective August 3, 2024.
Vestis appoints director Keith A. Meister to Audit Committee
Keith A. Meister, elected non-employee director on June 18, 2024, now appointed to Audit Committee effective September 12, 2024.
Vestis confirms preliminary acquisition inquiry from Elis S.A.
Confirmed receipt of preliminary inquiry from Elis S.A. regarding a potential transaction.
Vestis declares $0.035 quarterly dividend, payable Oct 3, 2024
Quarterly cash dividend of $0.035 per share approved by Board of Directors.
Vestis Q3 rev $698M (-1.6% YoY), adj EBITDA $87M; enters $250M AR facility to cut debt
Revenue $698M, down 1.6% YoY; operating income $38M (5.4% of rev); adj EBITDA $87M (12.4% of rev)
Vestis appoints Bill Goetz to Board of Directors; brings industrial laundry expertise
William W. Goetz appointed to Vestis Board as Class I director, effective August 3, 2024.
Vestis appoints Bill Seward as EVP & COO effective Sept 1, 2024
Bill Seward, former President at UPS Supply Chain Solutions, appointed EVP & COO effective Sept 1, 2024.
Vestis appoints Keith Meister (Corvex, 12.9% owner) to board; standstill agreed
Keith Meister, founder of Corvex Management (12.9% owner), appointed to Board effective June 18, 2024.
Vestis declares quarterly cash dividend of $0.035 per share, payable July 2, 2024
Quarterly dividend of $0.035 per common share approved by Board on May 23, 2024.
Vestis Q2 revenue $705M, guidance cut; cash flow strong but results miss
Revenue $705M, up 0.9% YoY; core growth 2.8% excluding FX and prior-year energy fee.
Vestis enters new employment agreements with CEO/CFO/CHRO/CTO; CLO Donovan to retire Oct 4, 2024
CEO Kim Scott: $925k base salary, 125% target bonus, $3.6M LTIP target.
Vestis refinances $800M term loan, extends maturity to 2031
Refinanced $800M 2-year Term Loan A-1 with $800M 7-year Term Loan B maturing 2031.
Vestis declares $0.035 quarterly dividend, payable April 4, 2024
Quarterly cash dividend of $0.035 per common share approved by Board of Directors.
Vestis Q1 revenue $718M (+2.5% YoY); adjusted EBITDA $98M; reaffirms FY2024 outlook
Revenue of $718M, up 2.5% YoY (4.5% excl. FX and prior-year energy fee).
Vestis COO Christopher Synek resigns effective immediately for personal reasons
Christopher Synek resigned as COO on February 6, 2024, effective immediately.
Vestis adopts management incentive and deferred compensation plans
Management Incentive Bonus Plan effective Sept 30, 2023, covers executives in career bands 1-3.
Vestis reports FY2023 revenue $2.8B (+5% YoY); net income $213M; declares quarterly dividend
Revenue of $2.8B increased 5% year-over-year; adjusted EBITDA of $404M (14.3% margin).
Distribution of 130.7M shares to Aramark stockholders at 1-for-2 ratio effective Sept 30, 2023.
Vestis appoints Tracy Jokinen to board, increases authorized shares for spin-off
Issued 79 shares of common stock to Aramark Services under Section 4(a)(2) in exchange for Canadian subsidiaries.
Vestis Corporation to host analyst day on September 13, 2023, following spin-off from Aramark
Analyst day held at 9:00 a.m. ET on September 13, 2023, with materials filed as Exhibit 99.1
Vestis spin-off from Aramark cleared: Form 10 effective; record/split dates set
SEC declared Vestis Form 10 registration effective on Sept 8, 2023.
On May 14, 2025, Vestis Corporation (the “Company”) appointed John Laveck as Vice President and Chief Accounting Officer, effective June 2, 2025.
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.
On May 5, 2025, Vestis Corporation (the “Company”) appointed Jim Barber as President and Chief Executive Officer, effective as of June 2, 2025
On May 8, 2025, Angie Kervin, Executive Vice President and Chief Human Resources Officer of Vestis Corporation (the "Company") provided notice of her decision to resign from her positions with the Company, effective May 16, 2025.
On March 18, 2025, the Board of Directors of Vestis Corporation (the “Company” or “Vestis”) determined that Kim Scott, President and Chief Executive Officer, will leave her positions with the Company, effective March 18, 2025.
On March 18, 2025, the Company appointed Phillip Holloman, Chairman of the Board of Directors of the Company since September 2023, as interim Executive Chairman, President and Chief Executive Officer, effective March 18, 2025.
On February 26, 2025, Bryan Johnson informed Vestis Corporation (the “Company”) of his resignation as Chief Accounting Officer of the Company, effective March 10, 2025.
Kelly Janzen, Executive Vice President, Chief Financial Officer of the Company, will assume the additional responsibilities of principal accounting officer for the Company.
the Company appointed Kelly C. Janzen as Executive Vice President and Chief Financial Officer, effective February 14, 2025.
it was determined that Rick Dillon, Executive Vice President and Chief Financial Officer, will leave the Company, effective February 14, 2025.
Timothy Donovan, Executive Vice President, Chief Legal Officer and General Counsel, notified Vestis Corporation (the “ Company ”) of his retirement to be effective February 14, 2025.
On August 3, 2024, Vestis Corporation (the “Company”) announced that William W. Goetz was appointed to the Company’s Board of Directors (the “Board”) as a Class I director
Max materiality 0.90 · Median 0.57 · Most common event leadership