Advantage Solutions Inc. 8-K

What Happened

• Advantage Solutions Inc. filed an 8-K on February 20, 2026, announcing that directors Cameron Breitner and Adam Nebesar resigned effective February 20, 2026. The Board appointed Thomas Turner (Class I) and Xiaofeng “Frank” Yao (Class II) as replacements effective the same date. Turner will serve until the 2027 annual meeting; Yao will serve until the 2028 annual meeting.

Key Details

• Resignations effective: February 20, 2026 (Cameron Breitner and Adam Nebesar).
• Appointments effective: February 20, 2026 (Thomas Turner — Class I; Frank Yao — Class II).
• Affiliations and background:
  • Thomas Turner: Senior Managing Director, CVC Advisors (U.S.) Inc. since Sept 2022; prior roles at Apollo Global Management and Bank of America Merrill Lynch; BA Cornell; MBA NYU Stern.
  • Xiaofeng “Frank” Yao: President & Chief Commercial Officer, VXI Global Solutions since Dec 2023; previously Managing Director at Bain Capital Private Equity (2008–2023); BS Shanghai Jiao Tong University; MBA Tuck School of Business.
• Both appointees were placed on the Board under the company’s October 27, 2020 Stockholders Agreement and are affiliated with the investors that nominated them (Turner with CVC; Yao with Bain). As affiliate-nominated directors, they will not receive the company’s standard non-employee director compensation. The filing states there are no family relationships or reportable related-party transactions for either appointee.

Why It Matters

• These are governance changes that reflect investor-nominated board seats under the company’s stockholders agreement. For shareholders, the immediate practical impacts are limited: no disclosed cash compensation for these directors and no related-party transactions were reported. However, changes in board composition can affect oversight and strategic direction, especially when seats are held by major investors. The 8-K contains no operational or financial updates beyond the director changes.