Advantage Solutions Inc. Form 8-K Summary
Business Context and Reporting Period
Advantage Solutions Inc. filed a Form 8-K reporting a board appointment and related Regulation FD disclosure. The board acted on May 22, 2023; the appointment became effective May 24, 2023. This filing does not report results for a fiscal or quarterly period.
Key Financial Metrics and Capitalization
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, valuation, or other operating and financial metrics.
Material Changes
- Jody L. Macedonio was appointed as a Class II director to fill a board vacancy.
- Her term runs until the Company’s 2025 annual meeting of stockholders, or until her earlier death, resignation, or removal.
- Ms. Macedonio was appointed to the Audit Committee.
- She will receive the Company’s standard non-employee director compensation package, subject to adjustment by the board.
Management Commentary, Risks, and Unusual Items
Ms. Macedonio has more than 25 years of financial leadership experience in the consumer packaged goods industry and is currently Chief Financial Officer of Meati. Her prior roles included CFO positions at Chobani, 8th Avenue Food & Provision, and Dean Foods, as well as senior finance roles at Henkel and Sun Products.
The filing states that there are no arrangements or understandings with other persons regarding her appointment, no family relationships with Company directors or executive officers, and no related-party transactions requiring disclosure under Item 404(a) of Regulation S-K.
The Company furnished a May 24, 2023 press release as Exhibit 99.1. The Regulation FD disclosure and accompanying exhibit are not deemed filed for purposes of Section 18 of the Exchange Act and are not incorporated by reference into other filings unless expressly stated.
Facts Investors Should Verify
- Confirm Ms. Macedonio’s effective appointment date of May 24, 2023 and her service on the Audit Committee.
- Review the Company’s proxy statement for the applicable non-employee director compensation terms.
- Review subsequent filings for any changes in board composition, committee assignments, or director status.
- Consult the Company’s periodic reports for financial performance, debt, liquidity, guidance, and business risks, none of which are addressed in this filing.