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UniFirst Prepares for Annual Shareholder Meeting with Nominees

UniFirst Prepares for Annual Shareholder Meeting with Nominees

UniFirst Corporation Files Proxy Statement for Shareholders

Encouraging Shareholders to Support Company Nominees

Reinforcing Commitment to Long-Term Growth and Value Delivery

WILMINGTON, Mass. — UniFirst Corporation (NYSE: UNF), a key player in customized business uniform programs and facility services, has recently filed its preliminary proxy statement for the forthcoming 2026 Annual Meeting of Shareholders. This meeting serves as a pivotal event for the company and its stakeholders to engage on critical governance matters.

As part of this filing, UniFirst has announced the nomination of two distinguished directors: CEO Steven S. Sintros and Audit Committee Chairman Joseph M. Nowicki. Their election is pivotal, especially as current director Raymond C. Zemlin will be retiring after completing his term. The Board anticipates that Mr. Nowicki will take the helm as the new Chairman of the Board following Mr. Zemlin’s retirement.

The preliminary proxy statement also reveals that Engine Capital Management, LP has put forth its nominations for two additional board candidates, Arnaud Adjler and Michael A. Croatti. After meaningful dialogue with Engine Capital and careful consideration of their qualifications, the UniFirst Board advises shareholders to vote against these nominees, advocating instead for the election of the company’s own skilled directors using the WHITE proxy card.

Regarding the board's stance, a company statement explained:

The UniFirst Board and our management team consistently evaluate the company's strategic objectives and examine various avenues to enhance shareholder value. Our strategy is clear and committed to investing in our workforce, technology, and infrastructure to foster growth, profitability, and value for our shareholders, employees, and the diverse communities we support.

Currently, the UniFirst Board consists of seven members, five of whom are independent, bringing vital expertise across finance, operations, technology, and human resources to the table. The company has successfully enhanced its governance by appointing three independent directors within the past three years and will continue to assess its board composition to ensure a balanced skill set necessary for overseeing its strategic initiatives and maximizing shareholder value.

While comprehensive proxy details will be available for all shareholders before the 2026 Annual Meeting, UniFirst advises shareholders to ignore any proxy materials forwarded by Engine Capital. The company encourages the use of the WHITE proxy card during voting to ensure alignment with UniFirst’s strategic vision.

Consultants and Advisors

Legal counsel for UniFirst is being provided by Paul Hastings LLP, while Joele Frank, Wilkinson Brimmer Katcher, serves as a strategic communications advisor for the company as it navigates this important election.

About UniFirst Corporation

Headquartered in Wilmington, UniFirst Corporation (NYSE: UNF) holds a leading position in the North American market for uniform and workwear services, as well as facility service products and safety supplies. The company operates several ISO-9001-certified production facilities, manufacturing a diversified range of work apparel and care products. With over 270 service locations and a footprint that extends to more than 300,000 customer accounts, UniFirst employs over 16,000 Team Partners, working diligently to ensure 2 million individuals are outfitted daily. For inquiries, the company can be reached at 888.296.2740 or via their website at UniFirst.com.

Frequently Asked Questions

What is the main purpose of the UniFirst Annual Meeting?

The Annual Meeting is primarily focused on governance, where shareholders vote on key issues including the election of directors and strategic decisions related to the company's future.

Who are the newly nominated directors for UniFirst?

Steven S. Sintros and Joseph M. Nowicki are the nominees for election to the Board at the upcoming Annual Meeting.

What should shareholders do with materials from Engine Capital?

Shareholders are advised to disregard any proxy materials from Engine Capital and utilize the WHITE proxy card provided by UniFirst for voting.

How does UniFirst plan to enhance shareholder value?

UniFirst is focused on investing in its people, technology, and infrastructure to ensure sustainable growth and increase profitability for its shareholders.

What services does UniFirst provide?

UniFirst specializes in customized business uniform programs, facility service products, and first aid and safety services aimed at various industries and markets.

About The Author

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The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.

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