Vestis amends interim CFO Adam Bowen's pay and severance terms
On June 12, 2026, Vestis entered into second amended employment documents with Adam K. Bowen, its Interim Chief Financial Officer, superseding his December 2025 agreements. The filing sets out pro-rata and full fiscal 2026 bonus payment terms if he leaves, and new one-time cash awards tied to the search for a permanent CFO.
Key points
- Base salary stays at $400,000, with a target annual bonus of 35% of base salary under the MIB plan.
- The $100,000 discretionary award Bowen received in December 2025 no longer has to be repaid.
- He will receive a $100,000 award payable in June 2026, plus $100,000 for each three-month period after June 1, 2026 while no permanent CFO is appointed.
- If he is not selected as permanent CFO, his role reverts to Vice President, Financial Planning & Analysis.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:54 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 15, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.