UniFirst Corp CEO Employment Agreement Update
Ticker: UNF · Form: 8-K · Filed: Jun 4, 2024 · CIK: 717954
| Field | Detail |
|---|---|
| Company | Unifirst CORP (UNF) |
| Form Type | 8-K |
| Filed Date | Jun 4, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.10, $1.5 million, $1.1 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-compensation, employment-agreement
TL;DR
UniFirst inked a new deal for CEO Steven Sintros, locking in his pay and benefits.
AI Summary
On May 31, 2024, UniFirst Corporation announced changes to its executive compensation arrangements. Specifically, the company entered into a new employment agreement with Steven S. Sintros, its Chief Executive Officer, effective June 1, 2024. The agreement outlines his base salary, potential bonuses, and other benefits.
Why It Matters
This filing details the updated employment terms for UniFirst's CEO, which can impact investor confidence and the company's financial outlook regarding executive compensation.
Risk Assessment
Risk Level: low — The filing primarily concerns executive compensation and employment agreements, which typically have a low direct impact on overall business risk.
Key Players & Entities
- UniFirst Corporation (company) — Registrant
- Steven S. Sintros (person) — Chief Executive Officer
- May 31, 2024 (date) — Report Date
- June 1, 2024 (date) — Effective Date of Employment Agreement
FAQ
What is the effective date of the new employment agreement for Steven S. Sintros?
The new employment agreement for Steven S. Sintros is effective as of June 1, 2024.
Who is the Chief Executive Officer of UniFirst Corporation?
Steven S. Sintros is the Chief Executive Officer of UniFirst Corporation.
What type of SEC filing is this?
This is a Form 8-K Current Report filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
When was the report filed?
The report was filed as of June 4, 2024, with the earliest event reported on May 31, 2024.
What is the principal executive office address of UniFirst Corporation?
The principal executive offices are located at 68 Jonspin Road, Wilmington, Massachusetts 01887.
Filing Stats: 774 words · 3 min read · ~3 pages · Grade level 11.3 · Accepted 2024-06-04 15:45:22
Key Financial Figures
- $0.10 — nge on which registered Common Stock, $0.10 par value per share UNF New York St
- $1.5 million — est. The Company recorded approximately $1.5 million of revenue in fiscal 2023 and has recor
- $1.1 million — cal 2023 and has recorded approximately $1.1 million of revenue in fiscal 2024 in connection
Filing Documents
- unf-20240531.htm (8-K) — 46KB
- img19631363_0.jpg (GRAPHIC) — 105KB
- 0000950170-24-068613.txt ( ) — 424KB
- unf-20240531.xsd (EX-101.SCH) — 29KB
- unf-20240531_htm.xml (XML) — 4KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. UNIFIRST CORPORATION Date: June 4, 2024 By: /s/ Steven S. Sintros Steven S. Sintros President and Chief Executive Officer ACTIVE/125644613.2