Every 8-K that Advantage Solutions Inc. (ADVWW) 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 ADVWW 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 ADVWW filings page.
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. 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. 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).