Cintas Appoints New President and COO

Details

This appointment follows the company's decision to separate the roles of President and Chief Executive Officer. Rozakis, currently the Executive Vice President and COO, will receive an annual base salary of $900,000, a target annual cash incentive of $1,125,000, and a target long-term incentive of $4,000,000, subject to the terms of the company's Equity Plan. Additionally, he will be eligible for a one-time long-term incentive award in the form of restricted stock and non-qualified stock options with an aggregate grant date fair value of $450,000.

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About Cintas Corporation

Cintas Corporation is a prominent provider in the uniform and business services industry. Its core purpose is to supply companies with uniform rental services, helping clients to maintain a professional image across various sectors, including healthcare, hospitality, automotive, and manufacturing. Beyond uniforms, Cintas offers safety supplies, first aid products, facility services such as cleaning and janitorial supplies, and document management solutions. This diverse array of products and services enables businesses to maintain essential operational standards, promoting safety and hygiene. Cintas Corporation's effective distribution network and focus on quality make it a key player in supporting the day-to-day needs of businesses across North America. Its role in the financial market is significant, as it provides a barometer for economic activity in service industries and an indicator of growth trends in business-to-business services."}