UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
In recognition of the extraordinary sacrifices and efforts made in 2020, and anticipated to be made in 2021, by associates of Advantage Solutions Inc. (the “Company”) in dealing with challenges caused by the COVID-19 pandemic, Tanya Domier, the Company’s chief executive officer, advised the Compensation Committee of the Board of Directors (“Committee”) that it would best serve the Company for her not to receive her full salary in 2020. On December 30, 2020, the Committee determined with the support of Ms. Domier to reduce her base salary for 2020 by $500,000 that would otherwise have been payable under her employment agreement.
This decision does not modify Ms. Domier’s 2021 compensation or any rights under her employment agreement determined by reference to her base salary; such provisions will continue to be applied based on the stated base salary payable under her employment agreement.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: January 5, 2021
| ADVANTAGE SOLUTIONS INC. | ||
| By: | /s/ Brian Stevens | |
Brian Stevens | ||
Chief Financial Officer and | ||
Chief Operating Officer | ||