Every 8-K that Verra Mobility Corporation (VRRM) 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 VRRM 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 VRRM filings page.
Verra Mobility Corporation (VRRM) appointed Jon Newhard as president and chief executive officer and a director, effective November 1, 2026, contingent upon completion of a customary background check. The board approved increasing its size from six to seven directors effective the same date.
Under his employment agreement, Newhard will receive a $725,000 annual base salary and, beginning in fiscal 2027, will be eligible for a discretionary cash bonus with a 100% of base salary target and annual equity awards with an estimated $4,000,000 target grant-date fair value, subject to Compensation Committee determination. Separately, the company will grant an inducement restricted stock unit award with a $4,750,000 grant-date fair value, subject to Board approval and applicable requirements. It vests in three equal annual installments beginning on the first anniversary of his start date, contingent on continued employment. Jon Keyser will leave the interim CEO role immediately before the start date and serve as an advisor until December 31, 2026, unless earlier terminated.
Verra Mobility Corporation reported second quarter 2026 revenue of $263.6 million, up 12% from $236.0 million a year earlier, driven by 20% growth in Government Solutions to $128.5 million and 6% growth in Commercial Services to $115.1 million. Parking Solutions revenue was $20.0 million, roughly flat year over year.
The company recorded a net loss of $48.2 million, or $0.32 per share, versus net income of $38.6 million a year ago, mainly due to a $64.0 million goodwill impairment and $40.4 million intangible impairment in the Parking Solutions segment and higher operating expenses. Non-GAAP results were stronger, with Adjusted EBITDA of $110.7 million (42% margin) versus $105.3 million and Adjusted EPS of $0.38 versus $0.34.
Net cash provided by operating activities was $56.4 million, down from $75.1 million, and Free Cash Flow was $32.6 million. As of June 30, 2026, cash was $49.6 million, Net Debt was $993.2 million and Net Leverage was 2.4x. The company extended long-term contracts with Avis and Hertz on terms it describes as materially less favorable, including fleet volume modulation rights that could materially affect future results, and recorded leadership and organizational changes while revising its 2026 full-year guidance for revenue, Adjusted EBITDA, Adjusted EPS and Free Cash Flow.
Verra Mobility Corporation reached an agreement with Avis Budget Group on the key commercial terms of a new seven-year tolling and violations services contract, and the parties are working to finalize remaining operational terms and conditions. The commercial terms are not being disclosed, but the company expects the new agreement to be materially less favorable from a financial perspective than its prior agreement with Avis Budget Group. The renewed relationship allows Avis Budget Group to selectively perform certain activities internally while extending a nearly two-decade partnership built around Verra Mobility’s tolling and violations management capabilities for large vehicle fleets. Verra Mobility supports more than 7.6 million vehicles globally, processed over 350 million toll transactions and more than 5.6 million violations for fleet customers in 2025, and serves more than 300 communities with its smart mobility technology solutions.
Verra Mobility Corporation filed an amendment to its current report to disclose the Board of Directors’ decision on how often to hold stockholder advisory votes on executive compensation. Stockholders at the 2026 annual meeting expressed a preference for holding these Say-on-Pay Votes every year.
Based on that vote and the Board’s prior recommendation, the Board determined that future non-binding advisory Say-on-Pay Votes will be held annually. This practice will continue until the next required Say-on-Frequency Vote, when stockholders will again indicate their preferred frequency.
Verra Mobility Corporation announced organizational changes to support its transformation strategy and customer focus, highlighted by appointing Stacey Moser as Chief Customer Officer over Commercial Services and Government Solutions sales, account management and marketing.
To align with her new role and retain her, the Compensation Committee approved time-vested restricted stock units with grant date values of $375,000 and $125,000, plus cash retention awards of $375,000 and $125,000. These equity and cash awards generally vest in two equal annual installments beginning in June 2027, with accelerated vesting if the company terminates her employment without Cause, death or Disability before June 12, 2028, subject to a release of claims.
The company described these moves as part of broader efforts recommended by its Board’s Transformation Committee to create a more unified, cost-efficient operating model and strengthen customer-centricity. Verra Mobility also reiterated that T2 Systems will continue to operate independently and confirmed that Executive Vice President, Government Solutions, Jon Baldwin will depart effective July 9, 2026.
Verra Mobility Corporation reported a leadership change in its Government Solutions segment. On June 9, 2026, the company determined that Jonathan Baldwin, Executive Vice President, Government Solutions, will depart on July 9, 2026 and is expected to remain in his role until that date.
Under his previously disclosed employment agreement, Baldwin will receive severance benefits consistent with a termination without cause, as described in the company’s Definitive Proxy Statement filed on April 6, 2026. These severance payments are conditioned on his signing and not revoking a general release of claims and complying with its terms.
Verra Mobility Corporation reported that its Board of Directors has created a new Transformation Committee to oversee a broad transformation initiative aimed at better positioning the business for long-term growth. The committee will work with management on business and financial strategy, cost structure optimization, growth opportunities, capital allocation priorities, portfolio composition, financing activities, and annual capital expenditure plans and budgets, and will make related recommendations to the Board. The Transformation Committee consists of three directors: Raj Ratnakar, who will serve as chairperson, Douglas Davis, and John Rexford.
Verra Mobility Corporation announced a leadership transition and related retention arrangements. David Roberts is leaving his roles as President, Chief Executive Officer, and Director, with his separation treated as a termination by the company "without cause" for purposes of plan and contractual benefits. Jonathan (Jon) Keyser, previously Executive Vice President, Chief Transformation Officer and Chief Legal Officer, has been appointed Interim President and Chief Executive Officer effective May 31, 2026.
To support the transition, Keyser’s annual base salary was increased to $650,000 and his target bonus to 100% of base salary, and he received a one-time RSU award valued at $2,250,000 plus a $3,300,000 cash retention award with multi‑year vesting and change‑in‑control protections. The Compensation Committee also granted CFO Craig Conti a $1,750,000 RSU award, a $3,300,000 cash retention award, and increases to his base salary and incentive targets as part of a structured retention package.
Verra Mobility Corporation disclosed that Avis Budget Group has given notice to terminate its contract with the company, effective September 2026. Avis Budget is a significant Commercial Services customer and accounted for over 10% of Verra Mobility’s total revenue for both the quarter ended March 31, 2026 and the year ended December 31, 2025.
In response, Verra Mobility revised its full-year 2026 outlook and now expects the termination to reduce Commercial Services’ 2026 annualized revenue by approximately $135 million to $145 million and annualized segment profit by approximately $120 million to $125 million, before planned cost reductions. Management says it is moving quickly to cut costs, reallocate resources to other customers, and protect contractual rights and intellectual property while reviewing the parties’ negotiations and obligations.
Verra Mobility Corporation reported voting results from its 2026 annual meeting of stockholders held on May 19, 2026. Stockholders elected three Class II directors to terms lasting until the 2029 annual meeting, including Patrick J. Byrne, David M. Roberts, and John H. Rexford.
Stockholders approved, on a non-binding basis, the compensation of the company’s named executive officers and chose to hold future say-on-pay votes every year. They also ratified Deloitte & Touche LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026. The record date for the meeting was March 24, 2026, with 151,906,484 Class A shares entitled to vote.
Verra Mobility reported first quarter 2026 revenue of $223.6 million, essentially flat year over year, as growth in Government and Parking Solutions offset lower Commercial Services revenue from prior customer churn. Net income was $26.7 million, or $0.17 per diluted share, down from $32.3 million and $0.20.
Adjusted EBITDA declined to $86.0 million with a 38% margin, compared with $95.4 million and a 43% margin a year earlier, and Free Cash Flow fell to $9.6 million from $41.7 million. The company ended March 31, 2026 with $46.9 million in cash and $1,017 million in Net Debt, implying Net Leverage of 2.5x.
Verra Mobility repurchased 2,215,800 shares for $50.2 million and reaffirmed its 2026 guidance, including total revenue of $1,020–$1,030 million, Adjusted EBITDA of $405–$415 million, Adjusted EPS of $1.32–$1.38, and Free Cash Flow of $150–$160 million.
Verra Mobility reported strong full-year 2025 growth, with revenue of $979.1 million, up 11% from 2024, and net income rising to $136.6 million from $31.4 million, helped by prior-year goodwill impairment not recurring. Adjusted EBITDA increased to $415.9 million with a 42% margin, while Free Cash Flow was $136.7 million, down from $152.8 million due to higher capital spending.
Fourth-quarter 2025 revenue was $257.9 million, up 16%, and net income was $18.9 million versus a prior-year loss. The company entered a new five-year $998 million contract with New York City’s DOT and repurchased $133.4 million of stock in Q4. For 2026, it guides to revenue of $1,020–$1,030 million, Adjusted EBITDA of $405–$415 million, Adjusted EPS of $1.32–$1.38, and Free Cash Flow of $150–$160 million, with Net Debt of $971.8 million and Net Leverage of 2.3x at year-end 2025.
Verra Mobility (VRRM) announced that its Board authorized an additional $150.0 million share repurchase, bringing the total available under its 2025 program to $250.0 million.
The company may repurchase Class A common stock from time to time until November 13, 2026 via open‑market and privately negotiated transactions, trading plans intended to qualify under Rule 10b5‑1, and accelerated share repurchase agreements, each as permitted by applicable rules. Repurchases are at the company’s discretion, subject to price, market conditions, legal requirements, and alternative uses of capital, and the program may be modified, suspended, or terminated at any time.
Verra Mobility also furnished a press release with financial results for the quarter ended September 30, 2025 and will host a webcast on October 29, 2025 at 5:00 p.m. ET to discuss third‑quarter results.
Verra Mobility Corporation entered two new credit agreements to refresh liquidity and extend debt maturities. The company amended and restated its asset‑based revolver with a $150 million senior secured facility (including a $35 million letter of credit sublimit) maturing on October 17, 2030, replacing a prior $125 million facility. An earlier maturity applies 91 days before April 15, 2029 if the $350 million 5.50% Senior Notes due 2029 remain outstanding. Pricing is SOFR + 1.25%–1.75% or base + 0.25%–0.75%, with unused fees of 0.375% or 0.250% based on usage. As of closing, there were no revolver borrowings and $3.74 million in letters of credit.
The company also refinanced its senior secured term loan, replacing approximately $688.8 million due in 2028 with a new loan of the same principal amount maturing on October 15, 2032. The term loan bears interest at SOFR + 2.00% or base + 1.00% (each 25 bps lower than before), amortizes 1.00% per year in equal quarterly installments starting March 31, 2026, and carries a 1.00% prepayment premium if refinanced with certain debt within six months. Both facilities include customary covenants and first‑lien security on substantially all assets.
Verra Mobility Corporation disclosed a new retention-focused compensation arrangement for its Executive Vice President and Chief Legal Officer, Jonathan Keyser. The Compensation Committee approved a one-time equity award of time-based restricted stock units with a grant date value of $300,000, expected to be granted on the second trading day after the filing of the company’s Form 10-Q for the quarter ended September 30, 2025. These RSUs will vest in three equal annual installments beginning on September 19, 2026, conditioned on his continued employment.
As part of the same arrangement, effective September 19, 2025, Mr. Keyser’s annual base salary was increased to $450,000, his target bonus under the annual incentive plan was raised to 75% of base salary, and his target long-term incentive award was increased to $1,000,000. The award is granted under the company’s Amended and Restated 2018 Equity Incentive Plan and was approved in consultation with an independent compensation consultant, reflecting the company’s retention goals and market-based adjustments.