Current Report Filing (8-k)
January 05 2021 - 4:33PM
Edgar (US Regulatory)
0001776661
false
0001776661
2020-12-30
2020-12-30
0001776661
ADV:ClassCommonMember
2020-12-30
2020-12-30
0001776661
ADV:WarrantsToPurchaseClassCommonStockMember
2020-12-30
2020-12-30
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
December 30, 2020
Advantage Solutions Inc.
(Exact name of registrant as specified in
its charter)
Delaware
|
001-38990
|
83-4629508
|
(State or other jurisdiction of
|
(Commission
|
(I.R.S. Employer
|
incorporation)
|
File Number)
|
Identification No.)
|
18100 Von Karman Avenue, Suite 1000
|
|
Irvine, CA
|
92612
|
(Address of principal executive offices)
|
(Zip Code)
|
Registrant’s telephone number, including
area code: (949) 797-2900
Not Applicable
(Former name or former address, if changed
since last report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see
General Instruction A.2. below):
|
☐
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
|
☐
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
|
☐
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
|
☐
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Title of each class
|
Trading Symbol(s)
|
Name of each exchange on which registered
|
Class A common stock, $0.0001 par value per share
|
ADV
|
The NASDAQ Stock Market LLC
|
Warrants to purchase Class A common stock
|
ADVWW
|
The NASDAQ Stock Market LLC
|
|
|
|
Indicate by check mark whether the registrant is
an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of
the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
|
Emerging growth company ☐
|
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
In recognition of the extraordinary
sacrifices and efforts made in 2020, and anticipated to be made in 2021, by associates of Advantage Solutions Inc. (the “Company”)
in dealing with challenges caused by the COVID-19 pandemic, Tanya Domier, the Company’s chief executive officer, advised
the Compensation Committee of the Board of Directors (“Committee”) that it would best serve the Company for her not
to receive her full salary in 2020. On December 30, 2020, the Committee determined with the support of Ms. Domier to reduce her
base salary for 2020 by $500,000 that would otherwise have been payable under her employment agreement.
This decision does not
modify Ms. Domier’s 2021 compensation or any rights under her employment agreement determined by reference to her base salary;
such provisions will continue to be applied based on the stated base salary payable under her employment agreement.
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: January 5, 2021
|
ADVANTAGE SOLUTIONS INC.
|
|
|
|
|
|
|
|
By:
|
/s/ Brian Stevens
|
|
|
Brian Stevens
|
|
|
Chief Financial Officer and
|
|
|
Chief Operating Officer
|
Advantage Solutions (NASDAQ:ADV)
Historical Stock Chart
From Mar 2024 to Apr 2024
Advantage Solutions (NASDAQ:ADV)
Historical Stock Chart
From Apr 2023 to Apr 2024