Advantage Solutions Inc. (ADV) Form 8-K — Oct 5, 2026
Advantage Solutions Inc. (NASDAQ: ADV) filed an 8-K disclosing a transition agreement with Dean General, its Chief Industry Development Officer at subsidiary Advantage Sales & Marketing LLC, effective October 1, 2026. General moved to a non-executive strategic advisor role with a planned separation date of December 1, 2027, at a reduced salary of $110,000 per year. Under the agreement, General is eligible for a change-in-control bonus of up to $765,810.47, or alternatively $600,000 in cash severance plus 18 months of company-paid COBRA coverage if his employment ends on the planned separation date without a change in control.
Key figures
- Cobra period
- 18 months
- Cic bonus max
- $765,810.47
- Reduced salary
- $110,000 per annum
- Severance cash
- $600,000 over 18 months
- Planned separation date
- December 1, 2027
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