Short answer
Vestis Corp (VSTS) filed an 8-K current report with the SEC on September 28, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers), Item 7.01 (Regulation FD Disclosure), Item EX-99.1 (Exhibit EX-99.1). Russell Tiejema appointed CFO effective September 28, 2026, bringing 30+ years of finance and leadership experience.
Vestis Corp 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Russell Tiejema appointed CFO effective September 28, 2026, bringing 30+ years of finance and leadership experience
- Base salary $700,000, with 2027 target bonus equal to 100% of base salary
- Annual LTIP awards targeted at $1,750,000 beginning fiscal 2027
- One-time $2,500,000 sign-on award, split equally between RSUs and stock options, vesting over three years
- Change-of-control severance: 1.5 times base salary plus target bonus, with 18 months of COBRA coverage
Item 7.01 · Regulation FD Disclosure
- Item 7.01 contains only standard Regulation FD disclaimer language
- No substantive operating, financial, or investor-relevant disclosure in the provided text
Item EX-99.1 · Exhibit EX-99.1
- Russell Tiejema appointed EVP and CFO effective September 28, 2026, replacing interim CFO Adam Bowen
- Tiejema brings 30+ years of finance experience, including CFO roles at US LBM and Masonite International
- Bowen remains through October-end, supporting leadership continuity during the CFO transition
- Fiscal year 2026 financial outlook reaffirmed, reducing near-term guidance uncertainty
- Strategic focus includes operational discipline, free-cash-flow conversion, balance-sheet strengthening and network optimization
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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