Business Context and Reporting Period
This Form 8-K Current Report was filed by Planet Fitness, Inc. on March 5, 2026, covering events occurring on March 9, 2026. The filing primarily addresses significant changes in executive leadership within the finance function.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on personnel changes and related compensation arrangements.
Material Changes
- Departure of CFO: Jay Stasz, Chief Financial Officer, departed the Company effective March 9, 2026. The departure was not the result of any dispute regarding financial statements.
- Appointment of Interim CFO: Tom Fitzgerald was appointed as Interim Chief Financial Officer, effective March 9, 2026. Mr. Fitzgerald previously served as CFO from January 2020 through November 2024.
- Compensation Arrangement: Mr. Fitzgerald entered into an employment agreement with an initial term of 6 months (extendable by three month-to-month extensions). His compensation is set at $250,000 per month.
- Severance: Mr. Stasz is eligible for severance under the Company's Executive Severance & Change in Control Policy. Mr. Fitzgerald is not eligible for this policy under his interim agreement.
Guidance, Outlook, and Risks
The Company has initiated a search for a permanent Chief Financial Officer with the assistance of an executive search firm. The filing notes that Mr. Fitzgerald has agreed to non-competition and non-solicitation restrictions during his employment and for one year thereafter. No specific financial guidance or new risk factors were disclosed in this report.
Investor Verification Checklist
- Verify the terms of the employment agreement filed as Exhibit 10.1.
- Review the press release attached as Exhibit 99.1 for additional context on the leadership transition.
- Monitor future filings for the announcement of a permanent CFO appointment.
- Confirm the impact of the CFO transition on upcoming earnings reports and financial disclosures.