Every 8-K that Advantage Solutions Inc. (ADV) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow ADV and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ADV filings page.
Advantage Solutions Inc. reported Q2 2026 revenues of $889.5 million, up 1.8% year over year, while net loss widened to $62.7 million from $30.4 million. Adjusted EBITDA declined 12.2% to $75.8 million, with margin slipping to 8.5% from 9.9% as business mix, higher project costs and ongoing investments pressured profitability.
By segment, Experiential Services led growth with revenues up 19.7% and strong Adjusted EBITDA expansion, Retailer Services grew modestly, and Branded Services revenues fell 20.1% with deeper operating losses. The company ended Q2 with $102 million in cash, gross debt of $1,585 million and a net leverage ratio of 4.5x. Adjusted Unlevered Free Cash Flow was $18.7 million, or 24.6% of Adjusted EBITDA. Management reaffirmed 2026 guidance for revenues, Adjusted EBITDA and Adjusted Unlevered Free Cash Flow of $250–$275 million, and continues to prioritize cash generation and debt reduction toward a long-term leverage target below 3.5x.
Advantage Solutions Inc. held its 2026 annual stockholders meeting, where shareholders elected four directors, ratified the independent auditor, and approved executive pay on an advisory basis. A strong turnout was recorded, with 11,636,123 Class A shares voting, or about 88.7% of the 13,123,995 shares outstanding as of the April 13, 2026 record date.
All four director nominees received more votes for than withheld. Shareholders also approved the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for the year ending December 31, 2026 by 11,575,257 votes for, and supported the company’s named executive officer compensation with 10,705,180 votes for.
Advantage Solutions Inc. reported higher revenue but a wider loss for the quarter ended March 31, 2026. Revenues rose to $869.6 million from $821.8 million, while net loss increased to $71.8 million from $56.1 million. Adjusted EBITDA grew 16.4% to $67.7 million, lifting Adjusted EBITDA margin to 7.8% from 7.1%.
Experiential Services led growth, with revenue up 22.8% and Adjusted EBITDA more than doubling, while Retailer Services posted modest gains and Branded Services declined. The company ended the quarter with $143.9 million in cash, Net Debt of about $1.45 billion, and a net leverage ratio of 4.2x after paying down $131 million of debt.
For full-year 2026, Advantage reaffirmed guidance for revenues to be flat to up low single digits, Adjusted EBITDA to be flat to down mid-single digits (both excluding divestitures), Adjusted Unlevered Free Cash Flow of $250–$275 million, net free cash flow conversion of roughly 25% of EBITDA, net interest expense of $160–$170 million, and capital expenditures of $50–$60 million.
Advantage Solutions Inc. reports a leadership status change for Dean General. He had previously moved into a newly created role as Chief Industry Development Officer, and effective March 26, 2026, he will no longer be considered an “executive officer” or “officer” of the company under SEC rules.
Advantage Solutions Inc. has implemented a 1-for-25 reverse stock split of its Class A common stock. Effective at 5:00 p.m. Eastern Time on March 26, 2026, every 25 existing shares were automatically reclassified into one new share.
The company will adjust outstanding equity awards, plan share reserves and related exercise prices proportionately. No fractional shares will be issued; instead, affected stockholders will receive cash based on the split-adjusted Nasdaq closing price on March 26, 2026. Trading on the Nasdaq Global Select Market is expected to begin on a split-adjusted basis on March 27, 2026 under the symbol ADV. The par value and fundamental characteristics of the common stock remain unchanged.
Advantage Solutions Inc. obtained stockholder approval to amend its charter and implement a 1-for-25 reverse stock split of its Class A common stock. Proposal 1 passed with 289,434,910 votes for and 1,760,882 against, while an adjournment Proposal 2 also received approval.
Following the special meeting, the Board set the reverse split to become effective on March 26, 2026 at 5:00 p.m. ET, with split-adjusted trading beginning March 27, 2026 under the symbol ADV and new CUSIP 00791N 201. Every 25 shares will automatically convert into one share, with cash paid in lieu of fractional shares based on the March 26, 2026 Nasdaq closing price.
Advantage Solutions Inc., through subsidiary Advantage Sales & Marketing Inc., has completed a major debt exchange and refinancing. Holders tendered $590.58 million of 6.50% Senior Secured Notes due 2028, representing more than 99% of the outstanding amount. In return, the company issued about $559.1 million of new 9.000% Senior Secured Notes due 2030 and paid roughly $43.7 million in cash.
The new notes are senior secured, guaranteed by key U.S. and Canadian subsidiaries, and carry first‑priority liens on fixed assets and second‑priority liens on current assets, alongside a 75% excess cash flow sweep. The company also put in place an amended $500 million asset‑based revolving credit facility and a new $1.035 billion first‑lien term loan, both secured on substantially all assets, replacing its existing first‑lien credit agreement and related liens.
Advantage Solutions Inc. reported mixed fourth-quarter and full-year 2025 results, combining modest revenue movement with improved losses and strong cash generation. Q4 revenues were $932.1 million, up 4.5% year over year, while full-year revenues were $3,542.6 million, down 0.7% from 2024. The company posted a Q4 net loss of $161.7 million and a full-year net loss of $227.7 million, both narrower than the prior year, largely despite significant goodwill and intangible impairments.
Adjusted EBITDA was $87.7 million for Q4, down 7.3%, and $331.8 million for 2025, down 6.8%, with margins of 9.4%. Experiential Services delivered strong growth in revenue and Adjusted EBITDA, offset by declines in Branded and Retailer Services. Cash increased to $240.9 million at year-end, supported by $223.3 million of 2025 Adjusted Unlevered Free Cash Flow, equal to 67.3% of Adjusted EBITDA, and divestiture proceeds.
Net debt was $1.45 billion, resulting in a 4.4x Net Debt to last-twelve-month Adjusted EBITDA ratio. Management highlighted non-core divestitures generating roughly $55 million of proceeds, ongoing debt refinancing to extend maturities toward 2030, and an upcoming reverse stock split. For 2026, the company guides revenues to be flat to up low single digits and Adjusted EBITDA to be flat to down mid-single digits, with Adjusted Unlevered Free Cash Flow expected between $250 million and $275 million and net free cash flow conversion of about 25% of EBITDA.
Advantage Solutions Inc. reports that its subsidiary Advantage Sales & Marketing Inc. has received overwhelming support for its debt exchange offer. Holders of $589,883,000 aggregate principal amount of 6.50% Senior Secured Notes due 2028, representing more than 99% of notes outstanding, have tendered their notes and delivered consents.
The exchange will swap the Existing Notes for a mix of newly issued 9.000% Senior Secured Notes due 2030 and cash, and enables extensive amendments to the existing indenture. These changes include removing most covenants and events of default, terminating subsidiary guarantees, and releasing all collateral securing the Existing Notes, once the exchange settles.
The settlement of the exchange and related consent solicitation is expected on March 11, 2026, subject to conditions in the offering memorandum. In parallel, lenders representing more than 99% of the company’s existing term loans have agreed to participate in related term loan amendment and refinancing transactions.
Advantage Solutions Inc. reported changes to its board of directors. Cameron Breitner and Adam Nebesar resigned from the board effective February 20, 2026. To fill these vacancies, the board appointed Thomas Turner as a Class I director and Xiaofeng “Frank” Yao as a Class II director, with terms running until the 2027 and 2028 annual stockholder meetings, respectively, unless they leave earlier.
Turner is a Senior Managing Director at CVC Advisors (U.S.) Inc., and Yao is President and Chief Commercial Officer of VXI Global Solutions, LLC and formerly a Managing Director at Bain Capital Private Equity. Both were designated under an existing stockholders agreement by affiliates CVC ASM Holdco, L.P. and BC Eagle Holdings, L.P. They will not receive the company’s standard non‑employee director compensation and have no disclosed related‑party transactions or family relationships with current directors or executives.
Advantage Solutions Inc. entered a Transaction Support Agreement with holders of approximately 59.2% of its 6.50% Senior Secured Notes due 2028 and 54.3% of its existing term loans to pursue transactions that extend the maturities of its debt. These include exchanging Existing Notes for new 9.000% Senior Secured Notes due 2030 plus cash, and offering new term loans in exchange for existing term loans, with targeted completion by March 26, 2026. The company also launched a related exchange offer and consent solicitation and is working on an ABL facility extension. Preliminary 2025 results show estimated revenue of $3.5–$3.55 billion (about 1% lower than 2024), an operating loss from continuing operations of $120–$130 million (a 58% improvement versus 2024) and Adjusted EBITDA from Continuing Operations of $328–$333 million (about 7% below 2024).
Advantage Solutions Inc. reported that on January 7, 2026 it received a notice from Nasdaq that its common stock no longer meets the $1.00 minimum bid price requirement for the Nasdaq Global Select Market.
The company has 180 calendar days, until July 6, 2026, to regain compliance by having its closing bid price at or above $1.00 per share for at least ten consecutive business days. The notice does not immediately affect the current Nasdaq Global Select Market listing.
If compliance is not regained by July 6, 2026, the company may seek a transfer to the Nasdaq Capital Market, subject to meeting other listing standards, paying an application fee, and detailing its plan to cure the deficiency. Failure to regain compliance within available periods could lead to delisting, although the company would have the right to appeal. Advantage Solutions intends to monitor its stock price and consider options to restore compliance.
Advantage Solutions (ADV) furnished an update on recent performance, announcing financial results for the three months ended September 30, 2025. The company issued a press release and an earnings presentation, both furnished as exhibits.
The company scheduled a conference call at 8:30 a.m. ET on November 6, 2025 to discuss results, with materials available on its investor relations website. The release and presentation include non-GAAP measures with reconciliations to the nearest GAAP metrics provided in the appended data tables. The information under Item 2.02 and related exhibits is furnished, not filed, under the Exchange Act.
Advantage Solutions Inc. entered into a transition agreement with former named executive officer Andrea Young, effective August 18, 2025. Her annual salary is reduced from $525,000 to $60,000 as she continues in a non-executive role with a subsidiary through August 15, 2026, or an earlier transition date defined in the agreement. After that transition date, she will no longer be employed by the subsidiary.
Under the agreement, Ms. Young is entitled to cash severance of $525,000 paid over 12 months following the transition date, 18 months of continued health coverage at the active employee rate, and continued vesting of specified equity awards beyond her employment end date. Certain restricted stock units and performance units continue vesting through October 2026, and stock options scheduled to vest in April 2027 and April 2028 will keep vesting, with their exercise period extended to three years from the transition date. These severance benefits are conditioned on her signing and not revoking the agreement, which includes a release and compliance with restrictive covenants, and will pass to her heirs and estate if she dies before the transition date.
Advantage Solutions Inc. announced the board approved the appointment of Jeffrey Harsh as Chief Operating Officer, Branded Services, effective August 25, 2025. Mr. Harsh, a 53-year-old executive from The Hershey Company, will succeed Dean General, who will transition to a newly created Chief Industry Development Officer role focused on client and retailer engagement. Mr. Harsh will receive an annual base salary of $460,000, a target bonus of 80% of base salary (with 2025 prorated), an initial restricted stock unit award valued at $250,000, and eligibility for annual equity awards targeted at 100% of base salary commencing in 2026. If terminated without cause or if he resigns for good reason, he is eligible for 12 months of continued base salary, with additional post-change-in-control benefits for certain terminations. The employment offer letter and a press release are filed as Exhibits.