Current Report · Items 5.02, 9.01 · 8-K
Cintas Corporation
CTASNASDAQEQUITYCurrent
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On July 28, 2026, in connection with Cintas Corporation’s (“Cintas” or the “Company”) decision to separate the roles of President and Chief Executive Officer, the Company appointed Jim Rozakis, currently Executive Vice President and Chief Ope…
Filed Aug 3, 2026Accepted Aug 3, 2026, 4:15 PM EDTCIK 723254Accession 0000950103-26-011666
Company context
Cintas Corporation helps more than one million businesses of all types and sizes get Ready™ to open their doors with confidence every day by providing products and services that help keep their customers’ facilities and employees clean, safe and looking their best. With offerings including uniforms, mats, mops, restroom supplies, first aid and safety products, fire extinguishers and testing, and safety training, Cintas helps customers get Ready for the Workday®. Headquartered in Cincinnati, Cintas is a publicly held Fortune 500 company traded over the Nasdaq Global Select Market under the symbol CTAS and is a component of both the Standard & Poor’s 500 Index and Nasdaq-100 Index.
Current securities
Disclosure sections
Items 5.02, 9.01Select an item to read the extracted section. The as-filed document remains the primary evidence.
Item 5.02Item 5.02 - Departure/Election of Directors
Item 5.02. Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 28, 2026, in connection
with Cintas Corporation’s (“Cintas” or the “Company”) decision to separate the roles of President and Chief
Executive Officer, the Company appointed Jim Rozakis, currently Executive Vice President and Chief Operating Officer (“COO”)
of the Company, as President and COO, effective August 1, 2026. As a result, Todd Schneider will remain as the Company’s Chief Executive
Officer and will no longer hold the title of President.
A description of Mr. Rozakis’ biography is
included in the Company’s definitive proxy statement for its 2025 Annual Meeting of Shareholders.
In connection with Mr. Rozakis’
service as President and COO, Mr. Rozakis will initially be eligible for the following annual compensation: (i) base salary of $900,000;
(ii) target annual cash incentive opportunity of $1,125,000; and (iii) target long-term incentive opportunity of $4,000,000, subject to
the terms of the Company’s 2016 Amended and Restated Equity and Incentive Compensation Plan (the “Equity Plan). In addition,
in connection with his promotion to President of the Company, Mr. Rozakis will be eligible for a one-time long-term incentive award under
the Equity Plan in the form of shares of restricted stock and non-qualified stock options, with an aggregate grant date fair value of
$112,500 and $337,500, respectively. The awards will vest on the Company’s standard vesting schedule, which is 100% vesting on the
third anniversary of the grant date for restricted stock and 33% on each of the third, fourth and fifth anniversaries of the grant date
for stock options, subject to Mr. Rozakis’ continued service with the Company.
There are no arrangements or understandings between
Mr. Rozakis and any other persons pursuant to which he was appointed as President of the Company, and no family relationships among any
of the Company’s directors or executive officers and Mr. Rozakis. Mr. Rozakis has no direct or indirect material interest in any
transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.