Vestis Corporation Appoints Adam K. Bowen as Interim CFO with Amended Employment Terms

On June 12, 2026, Vestis Corporation entered into second amended and restated employment agreements with Adam K. Bowen, appointing him as Interim Chief Financial Officer. The agreements supersede previous arrangements and include several key provisions: Bowen maintains his $400,000 annual base salary with a 35% target annual bonus. He receives a waiver of repayment obligations for a previous $100,000 discretionary cash award and will receive additional $100,000 discretionary cash awards quarterly if no permanent CFO is appointed. The agreements provide for pro-rata MIB bonus payments if employment terminates before fiscal 2026 end, and include special vesting provisions for unvested restricted stock units if terminated without cause or in a qualifying resignation. The agreements contain customary restrictive covenants including non-competition, non-solicitation, and confidentiality provisions. If not selected as permanent CFO, Bowen will revert to Vice President, Financial Planning & Analysis reporting to the CFO.