CINTAS CORP — fact timeline

CINTAS CORP incurred revolving credit of $2.0 billion with KeyBank National Association, as Administrative Agent, and the lenders party thereto at Term SOFR rate plus an applicable margin of between 70 basis points and 114 basi maturing March 27, 2031.

“On March 27, 2026, Cintas Corporation No. 2 (“Cintas No. 2”), a Nevada corporation and wholly-owned subsidiary of Cintas Corporation, a Washington corporation (the “Corporation”), entered into a $2.0 billion revolving credit facility (the “Revolving Credit Facility”), which contains a letter of credit sub-facility of up to $300.0 million and a swing line sub-facility of up to $150.0 million pursuant to the terms and conditions of a Credit Agreement (the “Credit Agreement”) among Cintas No. 2, the lenders party thereto and KeyBank National Association, as Administrative Agent.”

CINTAS CORP terminated Third Amended and Restated Credit Agreement with KeyBank National Association valued at Existing credit agreement terminated (effective 2026-03-27).

“on March 27, 2026, Cintas No. 2 terminated all commitments and repaid all obligations under its existing Third Amended and Restated Credit Agreement, dated as of March 23, 2022 (as amended, restated, supplemented or otherwise modified from time to time prior to such date, the “Existing Credit Agreement”), by and among Cintas No. 2, the lenders party thereto and KeyBank National Association, as Administrative Agent.”

CINTAS CORP entered into Credit Agreement with KeyBank National Association valued at $2,000,000,000 revolving credit facility (effective 2026-03-27).

“On March 27, 2026, Cintas Corporation No. 2 (“Cintas No. 2”), a Nevada corporation and wholly-owned subsidiary of Cintas Corporation, a Washington corporation (the “Corporation”), entered into a $2.0 billion revolving credit facility (the “Revolving Credit Facility”), which contains a letter of credit sub-facility of up to $300.0 million and a swing line sub-facility of up to $150.0 million pursuant to the terms and conditions of a Credit Agreement (the “Credit Agreement”) among Cintas No. 2, the lenders party thereto and KeyBank National Association, as Administrative Agent.”

CINTAS CORP reported the third quarter of fiscal 2026 ended February 28, 2026 results: revenue $2.84 billion, net income $502.5 million, EPS $1.24. Guidance raised.

“25 2026 -- Cintas Corporation (Nasdaq: CTAS) today reported results for its fiscal 2026 third quarter ended February 28, 2026. Revenue for the third quarter of fiscal 2026 was $2.84 billion compared to $2.61 billion in last year’s third quarter, an increase of 8.9%. The organic revenue growth rate for the third quarter of fiscal 2026, which adjusts for the impacts”

CINTAS CORP entered into Agreement and Plan of Merger with UniFirst Corporation valued at $155 in cash and 0.7720 shares of Cintas Common Stock (effective 2026-03-10).

“On March 10, 2026, Cintas Corporation, a Washington corporation (“Cintas”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with (i) UniFirst Corporation, a Massachusetts corporation (“UniFirst”), (ii) Bruin Merger Sub I, Inc., a Delaware corporation and a wholly owned subsidiary of Cintas (“Merger Sub Inc.”), and (iii) Bruin Merger Sub II, LLC, a Delaware limited liability company and a wholly owned subsidiary of Cintas (“Merger Sub LLC”).”

Scott Garula was appointed as Executive Vice President & Chief Financial Officer at CINTAS CORP.

“On April 1, 2025, the Company appointed Scott Garula, currently President of Cintas’ Rental Division, to succeed Mr. Hansen as Executive Vice President & CFO, effective June 1, 2025.”

J. Michael Hansen retired as Executive Vice President & Chief Financial Officer at CINTAS CORP.

“J. Michael Hansen notified Cintas Corporation (the “Company”) of his intent to retire from his role as Executive Vice President & Chief Financial Officer (“CFO”).”

Gerald Adolph departed as Director at CINTAS CORP.

“On July 23, 2024, John Barrett and Gerald Adolph notified Cintas Corporation (the Company) of their decisions not to stand for re-election at the Company’s 2024 annual meeting of shareholders (the 2024 Annual Meeting).”

John Barrett departed as Director at CINTAS CORP.

“On July 23, 2024, John Barrett and Gerald Adolph notified Cintas Corporation (the Company) of their decisions not to stand for re-election at the Company’s 2024 annual meeting of shareholders (the 2024 Annual Meeting).”

CINTAS CORP: Amended Bylaws to clarify and implement procedural and disclosure requirements for shareholder director nominations under universal proxy rules, and updates to meeting procedures (effective 2024-04-09).

“On April 9, 2024, the Board of Directors (the Board) of Cintas Corporation (the Company) approved amendments (the Amendments) to the Amended and Restated By-Laws of the Company (as amended, the Bylaws), effective immediately. The Amendments, among other things, clarify and implement certain procedural and disclosure requirements for the Company’s shareholders proposing director nominations for consideration at the Company’s annual or special meetings of shareholders in light of the “universal proxy” rules adopted by the Securities and Exchange Commission pursuant to Rule 14a-19 of the Securities Exchange Act of 1934, as amended (Rule 14a-19).”

CINTAS CORP reported fiscal year 2024 results: revenue annual revenue expectations from a range of $9.48 billion to $9.56 billion to a range of $9.57 billion to $9.60 billion, EPS diluted EPS from a range of $14.35 to $14.65 to a range of $14.80 to $15.00. Guidance raised.

“We are raising our annual revenue expectations from a range of $9.48 billion to $9.56 billion to a range of $9.57 billion to $9.60 billion and our diluted EPS from a range of $14.35 to $14.65 to a range of $14.80 to $15.00.”

CINTAS CORP reported third quarter ended February 29, 2024 results: revenue Revenue for the third quarter of fiscal 2024 was $2.41 billion, net income Net income was $397.6 million, EPS diluted earnings per share (EPS) was $3.84. Guidance raised.

“Revenue for the third quarter of fiscal 2024 was $2.41 billion compared to $2.19 billion in last year’s third quarter, an increase of 9.9%.”

Beverly K. Carmichael was appointed as director at CINTAS CORP.

“appointed Beverly K. Carmichael to the Board, effective immediately.”

CINTAS CORP shareholders approved Advisory vote on the frequency of say-on-pay votes at the 2023-10-24 meeting.

“in a non-binding advisory vote on the frequency of the advisory vote on the compensation paid to the Company's named executive officers (say-on-pay), the Company’s shareholders voted in favor of holding say-on-pay votes every year”

CINTAS CORP shareholders rejected Shareholder proposal regarding disclosure of managing climate risk through science-based targets and transition planning at the 2023-10-24 meeting.

“Item No. 6: The shareholders did not approve the shareholder proposal regarding the disclosure of managing climate risk through science-based targets and transition planning.”

CINTAS CORP shareholders rejected Shareholder proposal regarding greater disclosure of material corporate diversity, equity and inclusion data at the 2023-10-24 meeting.

“Item No. 5: The shareholders did not approve the shareholder proposal regarding a greater disclosure of material corporate diversity, equity and inclusion data.”

CINTAS CORP shareholders approved Ratification of Ernst & Young LLP as independent registered public accounting firm for fiscal 2024 at the 2023-10-24 meeting.

“Item No. 4: The shareholders approved the ratification of the selection of Ernst & Young LLP as the Corporation’s independent registered public accounting firm for fiscal 2024.”

CINTAS CORP shareholders approved Advisory vote on frequency of say-on-pay at the 2023-10-24 meeting.

“Item No. 3: The shareholders recommended, on an advisory basis, that the shareholder advisory vote on named executive officer compensation should occur every year.”

CINTAS CORP shareholders approved Advisory resolution on named executive officer compensation at the 2023-10-24 meeting.

“Item No. 2: The shareholders approved an advisory resolution on named executive officer compensation.”

CINTAS CORP shareholders approved Election of Directors at the 2023-10-24 meeting.

“Item No. 1: The shareholders elected the persons listed below as directors of the Corporation.”

CINTAS CORP reported first quarter of fiscal 2024 ended August 31, 2023 results: revenue $2.34 billion, net income $385.1 million, EPS $3.70. Guidance raised.

“Revenue for the first quarter of fiscal 2024 was $2.34 billion”

CINTAS CORP reported fiscal 2024 results: revenue $9.35 billion to $9.50 billion, EPS $13.85 to $14.35. Guidance initiated.

“For our fiscal 2024, we expect revenue to be in the range of $9.35 billion to $9.50 billion and diluted EPS to be in the range of $13.85 to $14.35.”

CINTAS CORP reported fiscal year ended May 31, 2023 results: revenue $8.82 billion, EPS $12.99.

“For the fiscal year ended May 31, 2023, revenue was $8.82 billion compared to $7.85 billion for fiscal 2022, an increase of 12.2%. Operating income for fiscal 2023 was $1.80 billion compared to $1.59 billion for fiscal 2022, an increase of 13.6%. Operating income as a percent of revenue was 20.4% in fiscal 2023 compared to 20.2% in fiscal 2022. Diluted EPS for fiscal 2023 was $12.99 compared to $11.65 in fiscal 2022, an increase of 11.5%.”

CINTAS CORP reported quarter ended May 31, 2023 results: revenue $2.28 billion, net income $346.2 million, EPS $3.33.

“Revenue for the fourth quarter of fiscal 2023 was $2.28 billion compared to $2.07 billion in last year’s fourth quarter, an increase of 10.1%. The organic revenue growth rate for the fourth quarter of fiscal 2023, which adjusts for the impacts of acquisitions and foreign currency exchange rate fluctuations, was 10.3%. Gross margin for the fourth quarter of fiscal 2023 was $1,088.8 million compared to $946.2 million in last year’s fourth quarter, an increase of 15.1%. Gross margin as a percentage of revenue was 47.7% for the fourth quarter of fiscal 2023 compared to 45.6% in last year's fourth quarter, an increase of 210 basis points. Energy expenses comprised of gasoline, natural gas and electricity were 65 basis points lower for the fourth quarter of fiscal 2023 compared to last year's fourth quarter. Operating income for the fourth quarter of fiscal 2023 was $470.8 million compared to $404.4 million in last year's fourth quarter, an increase of 16.4%. Operating income as a percentage”

Martin Mucci was appointed as Director at CINTAS CORP.

“expanded the Board from nine members to ten members and appointed Martin Mucci to the Board, effective April 12, 2023.”

Jim Rozakis was appointed as Executive Vice President and Chief Operating Officer at CINTAS CORP.

“On April 6, 2023, the Company appointed Jim Rozakis, age 45, as Executive Vice President and Chief Operating Officer of the Company, effective as of June 1, 2023.”

Michael L. Thompson departed as Executive Vice President and Chief Administration Officer at CINTAS CORP.

“On April 5, 2023, Michael L. Thompson, Executive Vice President and Chief Administration Officer of Cintas Corporation (the "Company" or "Cintas"), notified the Company that he will retire from the Company no later than August 31, 2023.”

CINTAS CORP reported fiscal 2023 third quarter ended February 28, 2023 results: revenue $2.19 billion, net income $325.8 million, EPS $3.14. Guidance raised.

“29, 2023 -- Cintas Corporation (Nasdaq: CTAS) today reported results for its fiscal 2023 third quarter ended February 28, 2023. Revenue for the third quarter of fiscal 2023 was $2.19 billion compared to $1.96 billion in last year’s third quarter, an increase of 11.7%. The organic revenue growth rate for the third quarter of fiscal 2023, which adjusts for the impacts”

CINTAS CORP reported fiscal year 2023 (full year) results: revenue $8.67 billion to $8.75 billion, EPS $12.50 to $12.80. Guidance raised.

“"We are increasing our full fiscal year financial guidance. We are raising our annual revenue expectations from a range of $8.58 billion to $8.67 billion to a range of $8.67 billion to $8.75 billion and diluted EPS from a range of $12.30 to $12.65 to a range of $12.50 to $12.80."”

CINTAS CORP reported fiscal 2023 second quarter ended November 30, 2022 results: revenue $2.17 billion, net income $324.3 million, EPS $3.12.

“Revenue for the second quarter of fiscal 2023 was $2.17 billion compared to $1.92 billion in last year’s second quarter, an increase of 13.1%. The organic revenue growth rate for the second quarter of fiscal 2023, which adjusts for the impacts of acquisitions, divestitures and foreign currency exchange rate fluctuations, was 12.8%. Gross margin for the second quarter of fiscal 2023 was $1,022.4 million compared to $885.1 million in last year’s second quarter, an increase of 15.5%. Gross margin as a percentage of revenue was 47.0% for the second quarter of fiscal 2023 compared to 46.0% in last year's second quarter, an increase of 100 basis points. Energy expenses comprised of gasoline, natural gas and electricity were 10 basis points higher during the second quarter of fiscal 2023 compared to last year's second quarter. Operating income for the second quarter of fiscal 2023 was $444.9 million compared to $381.2 million in last year's second quarter, an increase of 16.7%. Operating inco”

CINTAS CORP shareholders rejected Shareholder proposal regarding a report on political contributions at the 2022-10-25 meeting.

“The shareholders did not approve the shareholder proposal regarding a report on political contributions. The voting results were as follows: For Against Abstain Broker Non-Votes 40,625,410 48,658,547 108,498 4,280,139”

CINTAS CORP shareholders rejected Shareholder proposal regarding a special shareholder meeting improvement at the 2022-10-25 meeting.

“The shareholders did not approve the shareholder proposal regarding a special shareholder meeting improvement. The voting results were as follows: For Against Abstain Broker Non-Votes 43,095,773 46,246,945 49,737 4,280,139”

CINTAS CORP shareholders approved Amendments to the Company's Restated Articles of Incorporation to eliminate the supermajority voting requirement for shareholder approval of mergers, share exchanges, asset sales and dissolutions at the 2022-10-25 meeting.

“The shareholders approved the amendments to the Company's Restated Articles of Incorporation to eliminate the supermajority voting requirement for shareholder approval of mergers, share exchanges, asset sales and dissolutions. The voting results were as follows: For Against Abstain Broker Non-Votes 59,570,986 27,463,354 2,358,115 4,280,139”

CINTAS CORP shareholders approved Amendments to the Company's Restated Articles of Incorporation to eliminate the supermajority voting requirement to remove directors for cause at the 2022-10-25 meeting.

“The shareholders approved the amendments to the Company's Restated Articles of Incorporation to eliminate the supermajority voting requirement to remove directors for cause. The voting results were as follows: For Against Abstain Broker Non-Votes 59,612,413 27,431,931 2,348,111 4,280,139”

CINTAS CORP shareholders rejected Amendments to the Company's Restated Articles of Incorporation to eliminate the supermajority voting requirement for business combinations with interested persons at the 2022-10-25 meeting.

“The shareholders did not approve the amendments to the Company's Restated Articles of Incorporation to eliminate the supermajority voting requirement for business combinations with interested persons. The voting results were as follows: For Against Abstain Broker Non-Votes 59,567,925 27,470,406 2,354,124 4,280,139”

CINTAS CORP shareholders approved Ratification of the selection of Ernst & Young LLP as the Corporation’s independent registered public accounting firm for fiscal 2023 at the 2022-10-25 meeting.

“The shareholders approved the ratification of the selection of Ernst & Young LLP as the Corporation’s independent registered public accounting firm for fiscal 2023. The voting results were as follows: For Against Abstain 90,571,109 3,082,565 18,920”

CINTAS CORP shareholders approved Advisory resolution on named executive officer compensation at the 2022-10-25 meeting.

“The shareholders approved an advisory resolution on named executive officer compensation. The voting results were as follows: For Against Abstain Broker Non-Votes 86,957,212 2,381,013 54,230 4,280,139”

CINTAS CORP shareholders approved Election of Directors at the 2022-10-25 meeting.

“The shareholders elected the persons listed below as directors of the Corporation. The voting results were as follows: Name Shares For Shares Against Abstentions Broker Non-Votes Gerald S. Adolph 81,623,870 7,729,780 38,805 4,280,139 John F. Barrett 85,614,398 3,735,166 42,891 4,280,139 Melanie W. Barstad 85,707,143 3,652,239 33,073 4,280,139 Karen L. Carnahan 83,516,124 5,847,180 29,151 4,280,139 Robert E. Coletti 84,718,963 4,638,610 34,882 4,280,139 Scott D. Farmer 83,661,299 5,702,320 28,836 4,280,139 Joseph Scaminace 82,439,325 6,025,792 927,338 4,280,139 Todd M. Schneider 87,874,086 1,485,702 32,667 4,280,139 Ronald W. Tysoe 84,402,632 4,955,024 34,799 4,280,139”