Vestis (VSTS)
NYSEIndustrialsRental & Leasing ServicesSnapshot 2026-09-04
NYSEIndustrialsRental & Leasing ServicesSnapshot 2026-09-04
QuarterlyIQ Insights · VSTS
Material updates from SEC filings (8-K, 10-Q, 10-K) ranked by impact, with no firehose noise.
of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Interim Chief Financial Officer — Adam K. Bowen: Amended employment documents and compensation arrangements for Adam K. Bowen as Interim Chief Financial Officer.
of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
CFO — Kelly Janzen: The CFO resigned to pursue other opportunities, but an interim successor was immediately appointed, indicating an orderly transition rather than a sudden loss of leadership.
of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Executive Vice President and Chief Technology Officer — Grant Shih: Grant Shih, Executive Vice President and Chief Technology Officer, is leaving the company.
CFO — Kelly Janzen: The filing discloses the approval of retention equity awards for existing executives, which is a compensatory arrangement rather than a change in management personnel.
of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Chief Accounting Officer — John Laveck: The filing announces the appointment of an external candidate as Vice President and Chief Accounting Officer, which is a new hire rather than a departure.
CEO — Jim Barber: The filing announces the appointment of a new external CEO, which is a significant management change but not a departure of a sitting executive.
Chief Human Resources Officer — Angie Kervin: The EVP and CHRO resigned to pursue another opportunity, representing a genuine departure of a senior executive without a stated disagreement.
of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Entry into a Material Definitive Agreement. On May 5, 2025, Vestis Corporation (the “Company”) and Keith A. Meister and Corvex Management LP (“Corvex) entered into an amendment (the “Amendment”) to that certain Letter Agreement, dated June 18, 2024 (“Letter Agreement”), between the parties that increases the beneficial ownership limit from 15.0% to 20.0% (and economic exposure limit from 17.0% to 20.0%) of the outstanding shares of the Company’s common stock that Corvex and its affiliates are…
Entry into a Material Definitive Agreement. On May 1, 2025, Vestis Corporation (the “Company”) entered into an Amendment No. 2 (the “Amendment”) to its existing Credit Agreement, dated as of September 29, 2023 (as amended by Amendment No. 1 dated as of February 22, 2024 and the Amendment, and as further amended, supplemented or otherwise modified from time to time, the “Credit Agreement”) among the Company, as the U.S. borrower, Canadian Linen and Uniform Service Corp. (the “Canadian Borrower…
CEO — Kim Scott: The CEO resigned effective immediately but was succeeded by the Board Chairman as interim CEO, indicating an orderly succession rather than a sudden loss of leadership.
Chief Accounting Officer — Bryan Johnson: The Chief Accounting Officer resigned without dispute, and the CFO is assuming the additional responsibilities, indicating an orderly transition rather than a shock event.
CFO — Rick Dillon: The CFO is leaving but is being immediately succeeded by a named external hire, indicating an orderly succession rather than a sudden loss of leadership.
of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Director — William W. Goetz: The filing reports the appointment of a new non-employee director to a board committee, which is a routine governance action rather than an executive departure.
Director — Keith A. Meister: The filing reports the appointment of a new non-employee director to the Audit Committee, which is a routine board composition change rather than an executive departure.
Other Events On August 19, 2024 , Vestis Corporation (the “Company”) issued a press release announcing the Company’s Board of Directors approved a quarterly cash dividend of $0.035 per common share payable on October 3, 2024 to shareholders of record at the close of business on September 13, 2024. The full text of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference in this
Entry into a Material Definitive On August 2, 2024 (the “Closing Date”), Vestis Services, LLC, a Delaware limited liability company (“Vestis Services”) and certain other Originators (as defined below) of Vestis Corporation, a Delaware corp oration (the “Company”), entered into an accounts receivable securitization facility in the aggregate principal amount of up to $250 million (the “A/R Facility”) to repay a portion of the outstanding borrowings under the Company’s existing term loans. The d…
Entry Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information contained in
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