UNIFIRST CORPORATION (NYSE:UNF) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

UNIFIRST CORPORATION (NYSE:UNF) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02.

Story continues below

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On July 27, 2017, the Board of Directors (the “Board”) of UniFirst Corporation (the “Company”) unanimously approved the appointment of Steven S. Sintros, the Corporation’s Senior Vice President and Chief Financial Officer, as President and Chief Executive Officer of the Company effective as of July 31, 2017. The Board also voted unanimously to elect Mr. Sintros to the Board as a Class II Director to fill the vacancy created by the passing of Ronald D. Croatti, the Corporation’s former Chief Executive Officer and President. Mr. Sintros will continue to serve as the Company’s Chief Financial Officer and its principal accounting officer until the Board appoints a new Chief Financial Officer and principal accounting officer.

The Compensation Committee has commenced a process to review and determine the compensation that will be paid to Mr. Sintros in connection with his service as President and Chief Executive Officer.

Mr. Sintros, 43, joined the Company in 2004 and served as the Company’s finance manager and corporate controller before being promoted to Chief Financial Officer in 2009. Since 2009, he has had primary responsibility for overseeing the Company’s finance, information technology and investor relations functions. Prior to joining the Company, Mr. Sintros worked as an audit manager at Ernst & Young LLP and was previously with Arthur Andersen LLP. He attended the College of the Holy Crosswhere he received an undergraduate degree in economics, and Northeastern University, where he earned a master’s degree in accounting and business administration. Mr. Sintros is also a Certified Public Accountant. Mr. Sintros brings to the Board his knowledge of the Company and its industry, his executive leadership experience and his financial expertise.


About UNIFIRST CORPORATION (NYSE:UNF)

UniFirst Corporation is a provider of workplace uniforms and protective work wear clothing in the United States. The Company designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, aprons and specialized protective wear, such as flame resistant and high visibility garments. It operates in six segments: the US Rental and Cleaning, Canadian Rental and Cleaning, Manufacturing (MFG), Specialty Garments Rental and Cleaning (Specialty Garments), First Aid and Corporate. The Company also rents and sells industrial wiping products, floor mats, facility service products and other non-garment items, and provides restroom and cleaning supplies and first aid cabinet services, and other safety supplies. It also decontaminates and cleans work clothes, which has been exposed to radioactive materials and service special cleanroom protective wear and facilities.

An ad to help with our costs