UniFirst Management

Management criteria checks 3/4

UniFirst's CEO is Steve Sintros, appointed in Jul 2017, has a tenure of 6.83 years. total yearly compensation is $3.44M, comprised of 25.9% salary and 74.1% bonuses, including company stock and options. directly owns 0.081% of the company’s shares, worth €2.25M. The average tenure of the management team and the board of directors is 8.8 years and 7.1 years respectively.

Key information

Steve Sintros

Chief executive officer

US$3.4m

Total compensation

CEO salary percentage	25.9%
CEO tenure	6.8yrs
CEO ownership	0.08%
Management average tenure	8.8yrs
Board average tenure	7.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Steve Sintros's remuneration changed compared to UniFirst's earnings?
Date	Total Compensation	Salary	Company Earnings
Feb 24 2024	n/a	n/a	US$115m
Nov 25 2023	n/a	n/a	US$112m
Aug 26 2023	US$3m	US$888k	US$104m
May 27 2023	n/a	n/a	US$102m
Feb 25 2023	n/a	n/a	US$103m
Nov 26 2022	n/a	n/a	US$104m
Aug 27 2022	US$3m	US$850k	US$103m
May 28 2022	n/a	n/a	US$112m
Feb 26 2022	n/a	n/a	US$129m
Nov 27 2021	n/a	n/a	US$143m
Aug 28 2021	US$3m	US$675k	US$151m
May 29 2021	n/a	n/a	US$148m
Feb 27 2021	n/a	n/a	US$127m
Nov 28 2020	n/a	n/a	US$129m
Aug 29 2020	US$3m	US$750k	US$136m
May 30 2020	n/a	n/a	US$150m
Feb 29 2020	n/a	n/a	US$176m
Nov 30 2019	n/a	n/a	US$189m
Aug 31 2019	US$3m	US$611k	US$179m
May 25 2019	n/a	n/a	US$168m
Feb 23 2019	n/a	n/a	US$157m
Nov 24 2018	n/a	n/a	US$168m
Aug 25 2018	US$2m	US$500k	US$164m
May 26 2018	n/a	n/a	US$124m
Feb 24 2018	n/a	n/a	US$112m
Nov 25 2017	n/a	n/a	US$76m
Aug 26 2017	US$680k	US$393k	US$70m

Compensation vs Market: Steve's total compensation ($USD3.44M) is above average for companies of similar size in the German market ($USD2.59M).

Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.

CEO

Steve Sintros (49 yo)

6.8yrs

Tenure

US$3,435,556

Compensation

Mr. Steven S. Sintros, also known as Steve, has been President and Chief Executive Officer of UniFirst Corporation since July 31, 2017. Mr. Sintros has overall responsibility for management of UniFirst Cor...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Steven Sintros	President	6.8yrs	US$3.44m	0.081% $ 2.2m
Shane O'Connor	CFO & Executive VP	6.3yrs	US$1.30m	0.010% $ 277.5k
David Katz	Executive Vice President of Sales & Marketing	no data	US$1.25m	0.0095% $ 264.0k
Cynthia Croatti	Director	23.3yrs	US$427.80k	1.2% $ 33.1m
David DiFillippo	Executive Vice President of Operations	22.3yrs	US$1.06m	0.033% $ 901.0k
Michael Croatti	Executive Vice President of Operations	9.3yrs	US$1.02m	6.06% $ 167.9m
William Ross	Executive Vice President of Operations	8.3yrs	US$1.02m	0.00035% $ 9.7k
Scott Chase	Secretary	no data	no data	no data

8.8yrs

Average Tenure

59yo

Average Age

Experienced Management: U1N's management team is seasoned and experienced (8.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Steven Sintros	President	6.8yrs	US$3.44m	0.081% $ 2.2m
Cynthia Croatti	Director	29.3yrs	US$427.80k	1.2% $ 33.1m
Joseph Nowicki	Independent Director	1.9yrs	US$294.03k	0.0060% $ 165.9k
Raymond Zemlin	Independent Chairman of the Board	7.3yrs	US$314.03k	0.015% $ 409.7k
Michael Iandoli	Independent Director	17.3yrs	US$284.03k	0.027% $ 739.0k
Sergio Pupkin	Independent Director	1.6yrs	US$269.03k	0.0048% $ 131.8k

7.1yrs

Average Tenure

64.5yo

Average Age

Experienced Board: U1N's board of directors are considered experienced (7.1 years average tenure).

UniFirst Management

Management criteria checks 3/4

Key information

Recent management updates

UniFirst Corporation, Annual General Meeting, Jan 09, 2024

UniFirst Corporation Announces Board Retirements

Insufficient new directors

UniFirst Corporation, Annual General Meeting, Jan 10, 2023

Insufficient new directors

Director recently sold €317k worth of stock

Recent updates

Second quarter dividend of US$0.33 announced

UniFirst Corporation Declares Regular Cash Dividend, Payable on June 28, 2024

Second quarter 2024 earnings released: EPS: US$1.09 (vs US$0.95 in 2Q 2023)

Unifirst Corporation Provides Consolidated Earnings Guidance for the Fiscal Year 2024

UniFirst Corporation to Report Q2, 2024 Results on Mar 27, 2024

Upcoming dividend of US$0.33 per share

First quarter dividend of US$0.33 announced

UniFirst Corporation Declares Quarterly Cash Dividends, Payable on March 29, 2024

UniFirst Corporation to Report Q1, 2024 Results on Jan 03, 2024

UniFirst Corporation, Annual General Meeting, Jan 09, 2024

UniFirst Corporation Announces Board Retirements

UniFirst Corporation announced delayed annual 10-K filing

UniFirst Corporation announced delayed annual 10-K filing

UniFirst Corporation (NYSE:UNF) announces an Equity Buyback for $100 million worth of its shares.

Full year 2023 earnings released: EPS: US$28.88 (vs US$5.49 in FY 2022)

UniFirst Corporation Provides Earnings Guidance for the Year 2024

UniFirst Corporation to Report Q4, 2023 Results on Oct 18, 2023

Upcoming dividend of US$0.31 per share at 0.7% yield

UniFirst Corporation Declares Regular Quarterly Cash Dividends on the Common Stock and on the Class B Common Stock, Payable on September 28, 2023

Third quarter 2023 earnings released: EPS: US$1.30 (vs US$1.33 in 3Q 2022)

UniFirst Corporation to Report Q3, 2023 Results on Jun 28, 2023

Upcoming dividend of US$0.31 per share at 0.7% yield

Insufficient new directors

Second quarter 2023 earnings released

Upcoming dividend of US$0.31 per share at 0.6% yield

UniFirst Corporation (NYSE : UNF) entered into an agreement to acquire Clean Uniform Company for $260 million from family.

UniFirst Declares Regular Cash Dividends Payable on March 30, 2023

First quarter 2023 earnings released: EPS: US$1.82 (vs US$1.79 in 1Q 2022)

UniFirst Corporation Provides Earnings Guidance for the Fiscal Year 2023

UniFirst Corporation to Report Q1, 2023 Results on Jan 04, 2023

UniFirst Corporation, Annual General Meeting, Jan 10, 2023

Upcoming dividend of US$0.31 per share

UniFirst Corporation Launches Innovative Visibility Workwear Collection

UniFirst Corporation Declares Quarterly Cash Dividend, Payable on January 4, 2023

Full year 2022 earnings released: EPS: US$28.56 (vs US$8.00 in FY 2021)

UniFirst Corporation Provides Earnings Guidance for the Fiscal Year 2023

UniFirst Corporation to Report Q4, 2022 Results on Oct 19, 2022

Upcoming dividend of US$0.30 per share

Unifirst Corporation Declares Regular Quarterly Cash Dividends on Its Common Stock and Class B Common Stock, Payable on September 28, 2022

Third quarter 2022 earnings released: EPS: US$1.33 (vs US$2.23 in 3Q 2021)

UniFirst Corporation Provides Earnings Guidance for the Fiscal 2022

UniFirst Corporation to Report Q3, 2022 Results on Jun 29, 2022

Upcoming dividend of US$0.30 per share

Insufficient new directors

UniFirst Corporation Declares Regular Quarterly Cash Dividends on its Common Stock and Class B Common Stock, Payable on June 29, 2022

Second quarter 2022 earnings released: EPS: US$0.98 (vs US$1.73 in 2Q 2021)

UniFirst Corporation Provides Earnings Guidance for the Fiscal 2022

Upcoming dividend of US$0.30 per share

Director recently sold €317k worth of stock

UniFirst Corporation Provides Consolidated Earnings Guidance for the Fifty-Two Weeks Ended August 27, 2022

First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Upcoming dividend of US$0.30 per share

Full year 2021 earnings released: EPS US$8.00 (vs US$7.18 in FY 2020)

Upcoming dividend of US$0.25 per share

Third quarter 2021 earnings released: EPS US$2.23 (vs US$1.13 in 3Q 2020)

UniFirst Corporation Provides Earnings Guidance for the Fiscal 2021

UniFirst Corporation(NYSE:UNF) dropped from Russell 3000 Growth Index

Upcoming dividend of US$0.25 per share

UniFirst Corporation Introduces iQ Series FR Workwear: Ultra-Light Flame Resistant Uniforms for At-Risk Workers

Independent Director recently sold €92k worth of stock

Second quarter 2021 earnings released: EPS US$8.95 (vs US$1.83 in 2Q 2020)

UniFirst Corporation Provides Earnings Guidance for the Year of 2021

UniFirst Corporation to Report Q2, 2021 Results on Mar 31, 2021

New 90-day high: €200

Unifirst Corporation Unveils A Revamped Paint Scheme for Their Unifirst No. 9 Chevrolet Camaro Zl1 1Le

New 90-day high: €188

Independent Director recently sold €147k worth of stock

Revenue beats expectations

First quarter 2021 earnings released: EPS US$2.75