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ISS Recommends UniFirst Shareholders Vote "FOR" Engine Capital’s New Director Candidates at 2026 Annual Meeting
NEW YORK, December 08, 2025--Engine Capital LP (together with its affiliates, "Engine" or "we"), which owns approximately 3.2% of the outstanding shares of common stock of UniFirst Corporation (NYSE: UNF) ("UniFirst" or the "Company"), today announced that Institutional Shareholder Services Inc. ("ISS"), a leading independent proxy advisory firm, has recommended that UniFirst shareholders send a clear message to the Company’s Board of Directors (the "Board") that the status quo is untenable by v
About this update from Unifirst Corporation
[{"type":"text","content":"Urges Shareholders to Replace Directors Joseph Nowicki and Steven Sintros with Engine’s Nominees","length":96,"tagName":"p","attribs":{}},{"type":"text","content":"Highlights UniFirst’s Value-Destructive Rejection of Multiple Premium Acquisition Offers from Cintas in Light of the Company’s Disappointing Operating Results","length":158,"tagName":"p","attribs":{}},{"type":"text","content":"Engine Warns Independent Directors to Not Follow Any Plans Cynthia Croatti May Have to Seek the Elevation of COO Kelly Rooney as UniFirst’s Next CEO and Urges Them to Form Special Committee","length":189,"tagName":"p","attribs":{}},{"type":"text","content":"NEW YORK, December 08, 2025--(BUSINESS WIRE)--Engine Capital LP (together with its affiliates, "Engine" or "we"), which owns approximately 3.2% of the outstanding shares of common stock of UniFirst Corporation (NYSE: UNF) ("UniFirst" or the "Company"), today announced that Institutional Shareholder Services Inc. ("ISS"), a leading independent proxy advisory firm, has recommended that UniFirst shareholders send a clear message to the Company’s Board of Directors (the "Board") that the status quo is untenable by voting "FOR" the election of Engine’s director candidates, Arnaud Ajdler and Michael Croatti, on the BLUE universal proxy card at the 2026 Annual Meeting of Shareholders to be held on December 15, 2025.","length":788,"tagName":"p"},{"type":"text","content":"Mr. Ajdler, Founder and Managing Partner of Engine, commented:","length":62,"tagName":"p"},{"type":"text","content":""ISS’ report underscores the danger of UniFirst’s dual-class share structure and stresses the urgent need to reconfigure the Board in a way that best counteracts the negative influence of individuals who have used this structure to the detriment of the Company’s common shareholders. In particular, ISS points to Joseph Nowicki and Steven Sintros as having acquiesced to this state of affairs through their leadership positions, and concludes that both should be removed from the Board. ISS’ findings further reinforce the immediate need for the independent directors to form a special committee with its own advisors. Since Ron Croatti’s passing eight years ago, we are deeply concerned by the apparent negative influence Cynthia Croatti has had on the C...