NYSE:UNFCommercial Services
Shareholder Revolt Over Governance Could Be A Game Changer For UniFirst (UNF)
In December 2025, activist investor Engine Capital, backed by proxy advisers and fellow shareholders, won majority common-shareholder support for its UniFirst board nominees, intensifying pressure on the company to address governance concerns and consider a potential sale.
The vote exposed a sharp divide between UniFirst’s dual-class control structure and the preferences of common shareholders, who are increasingly pushing for an independent strategic review and greater accountability from...