CTASCintas
Deals between CTAS and its directors, executives, owners of more than 5% or their families: a relative on the payroll, a plane the company charters from its CEO, a director's company that buys from it. SEC rules (Item 404) make the company list every such deal over $120,000 in its proxy statement. Below: what the proxy filed 2026-09-15 reports that the one filed 2025-09-16 did not, quoted as filed.
New this year
Paragraphs about a deal, a person or a relative with nothing like them in the proxy filed 2025-09-16.
Nothing new: every deal in this year's section was reported last year too.
The whole section 4 paragraphs, proxy filed 2026-09-15
RELATED PERSON TRANSACTIONS“Cintas Corporation has a 25% interest in a corporate airplane with an entity owned by the family of its Executive Chairman of the Board, Scott D. Farmer. This arrangement began on February 23, 2006. Cintas manages the airplane under an operating agreement whereby each party pays their own operating expenses for use of the plane, and common costs are shared based on ownership percentages. For fiscal 2026, Cintas was reimbursed $4,592,003 under this arrangement.”
Read it in the proxy ↗
RELATED PERSON TRANSACTIONS“Joseph Automotive Group engages Cintas for a variety of services. George R. Joseph, a principal and part owner, is a brother-in-law of Mr. Farmer and Robert E. Coletti. Joseph Automotive Group paid Cintas fees of $592,965 for services provided during the fiscal year ended May 31, 2026. Mr. Joseph does not receive any direct compensation from services provided by Cintas.”
Read it in the proxy ↗
RELATED PERSON TRANSACTIONS“Certain stock exchange rules require Cintas to conduct an appropriate review of all related party transactions (those required to be disclosed by Cintas pursuant to SEC Regulation S-K Item 404) for potential conflict of interest situations on an ongoing basis and that all such transactions must be approved by the Audit Committee or another committee comprised of independent directors. As a result, the Audit Committee annually reviews all such related party transactions and approves such related party transactions only if it determines that it is in the best interests of Cintas. In considering the transaction, the Audit Committee may consider all relevant factors, including as applicable, (i) Cintas' business rationale for entering into the transaction; (ii) the alternatives to entering into a related person transaction; (iii) whether the transaction is on terms comparable to those available to third parties, or in the case of employment relationships, to employees generally; (iv) the potential for the transaction to lead to an actual or apparent conflict of interest and any safeguards imposed to prevent such actual or apparent conflicts; and (v) the overall fairness of the transaction to Cintas.”
Read it in the proxy ↗
RELATED PERSON TRANSACTIONS“While Cintas adheres to this policy for potential related person transactions, the policy is not in written form (other than as part of listing agreements with stock exchanges to the extent required). However, approval of such related person transactions is evidenced by Audit Committee resolutions in accordance with our practice of approving transactions in this manner.”
Read it in the proxy ↗
Paragraphs are compared by their words, not read by AI: one counts as new when no paragraph last year shares half of its words, or when it names a person or company last year's section did not. A deal reported again with a new amount is not new. Always check the filing. Open the proxy ↗ · Last year's proxy ↗
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