Welcome to our dedicated page for Advantage Solutions SEC filings (Ticker: ADV), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Advantage Solutions Inc. filings document the formal disclosures of an operating company that provides outsourced sales, marketing, merchandising, sampling and retailer support services to consumer goods manufacturers and retailers. Its 8-K reports furnish quarterly and annual results, non-GAAP reconciliations, earnings presentation materials and material-event updates involving operations and financial condition.
The company’s SEC record also covers proxy governance, executive compensation, director elections, officer and board changes, shareholder voting matters and capital-structure actions. Recent filings document amendments to governing documents for a completed 1-for-25 reverse stock split of Class A common stock and material debt transactions involving senior secured notes at Advantage Sales & Marketing Inc.
Advantage Solutions Inc. director James M. Kilts reported open-market purchases of Class A Common Stock on two consecutive days. He bought 66,499 shares on March 9, 2026 at a weighted-average price of $0.6143 per share and 75,368 shares on March 10, 2026 at a weighted-average price of $0.6909. In total, he acquired 141,867 shares, bringing his direct holdings to 1,515,347 shares after the most recent transaction. Footnotes state that each day’s price is a weighted average, with actual trade prices ranging from $0.5968 to $0.64 and from $0.6764 to $0.70, respectively.
Advantage Solutions Inc. director and Chief Executive Officer David A. Peacock exercised performance-based restricted stock units that converted into 287,736 shares of Class A common stock on March 9, 2026. These PSUs were originally granted on March 8, 2023 and vested at more than 100% of their target level, reflecting above-target performance under the award’s terms.
Following the conversion, Peacock directly holds 3,989,102 shares of Class A common stock. To cover tax obligations from the vesting, he paid the required amounts in cash, so no shares were sold or withheld in connection with this event. The filing reflects a compensation-related equity vesting rather than an open-market purchase or sale.
Advantage Solutions Inc. Chief Financial Officer Christopher Growe reported an open-market purchase of 50,000 shares of Class A common stock on March 6, 2026 at a weighted-average price of $0.6048 per share through a family trust.
Following this transaction, indirect holdings through the family trust totaled 244,021 shares, and direct holdings of Class A common stock stood at 402,109 shares. The purchase price reflects multiple trades within a range from $0.59 to $0.616 per share.
Advantage Solutions Inc. Chief Executive Officer David A. Peacock reported an open-market purchase of 200,000 shares of Class A common stock. The weighted-average price was $0.6439 per share, with individual trades between $0.62 and $0.65, bringing his direct holdings to 3,701,366 shares.
Advantage Solutions Inc. provides outsourced sales, marketing, merchandising, sampling and retailer support services to CPG manufacturers and retailers, serving more than 4,000 clients in over 100,000 retail locations. It operates through Branded Services, Experiential Services and Retailer Services with commissions, fee-for-service and cost-plus revenue models.
The company employed about 73,000 teammates as of December 31, 2025, with significant reliance on part‑time U.S. workers and exposure to wage and labor-law changes. Its five largest clients generated roughly 22% of 2025 revenue, heightening customer concentration risk.
Advantage reports substantial non‑cash charges, including goodwill impairments of $36.6 million in 2025 and earlier impairments of $233.2 million of goodwill and $42.0 million of intangible assets in 2024 tied to divestitures and weaker expectations. The company also highlights risks from technology change, cybersecurity, data privacy, AI use, high leverage, climate and ESG expectations.
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. director Yao Xiaofeng filed an initial ownership report on Form 3. This filing establishes their status as a director and discloses that there are no insider share purchases, sales, acquisitions, or dispositions reported in this filing.
Advantage Solutions Inc. director Thomas Brian Turner filed an initial statement of beneficial ownership on Form 3. This filing establishes his status as a director and records his equity position with the company, but it does not report any stock purchases, sales, or other 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.