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This registration statement establishes $10 million in deferred compensation obligations under the Vestis Corporation Deferred Compensation Plan, ensuring compliance and benefits for participants.
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Form S-8 is a registration statement that companies use to register securities to be offered to employees under an employee benefit plan.
Companies that offer securities to their employees through benefit plans, such as stock options or employee stock purchase plans, are required to file Form S-8.
To fill out Form S-8, a company must provide the required information about the employee benefit plan, including details about the securities being offered, the plan's provisions, and any other relevant information, and submit it to the SEC.
The purpose of Form S-8 is to simplify the registration process for securities offered to employees and to ensure that employees receive necessary disclosures regarding the benefits they are eligible for.
Form S-8 must report details such as the name of the issuer, the title and amount of securities being offered, a description of the employee benefit plan, and relevant plan documents.
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