8-KLeadership Changes

CINTAS CORP 8-K Report, Executive Changes (Oct 23, 2009)

Filed October 23, 2009For Securities:CTAS

Summary

Cintas Corporation (CTAS) filed an 8-K on October 22, 2009, reporting a significant leadership transition. Richard T. Farmer, the company's founder and long-time Chairman of the Board, retired from his Chairman role but will continue to serve as a member of the Board of Directors. Mr. Farmer, who has been instrumental in the company's growth since its inception, is 74 years old and previously served as CEO until 1995. The Board of Directors has elected Robert J. Kohlhepp as the new Chairman of the Board. Mr. Kohlhepp, aged 66, has a deep and extensive history with Cintas, having been a Director since 1979 and employed by the company since 1967 in various senior executive positions, including President and CEO. His long tenure and varied experience suggest a smooth continuation of leadership and strategy for Cintas.

Key Highlights

  • 1Richard T. Farmer, founder of Cintas Corporation, retired as Chairman of the Board as of October 20, 2009.
  • 2Richard T. Farmer will remain on the Board of Directors.
  • 3Robert J. Kohlhepp has been elected as the new Chairman of the Board.
  • 4Robert J. Kohlhepp has a long history with Cintas, serving as Director since 1979 and in various executive roles since 1967.
  • 5Mr. Kohlhepp previously held positions such as Vice Chairman of the Board, President, and Chief Executive Officer.
  • 6This transition marks a significant leadership change with the founder stepping down from the Chairman role, though remaining involved.

Frequently Asked Questions

Richard T. Farmer is the founder of Cintas Corporation. His retirement as Chairman represents a major leadership transition after a long tenure. However, his continued presence on the Board of Directors suggests that his experience and guidance will still be available to the company.

Robert J. Kohlhepp has been elected as the new Chairman. He has a deep and extensive history with Cintas, having been a Director since 1979 and an employee in various executive capacities since 1967, including President and CEO. This demonstrates continuity and brings an experienced insider into the top leadership role.

The filing does not indicate any immediate planned changes to operations or strategy. The appointment of Robert J. Kohlhepp, a long-serving executive and director, suggests a focus on continuity. Investors will likely monitor future communications for any strategic shifts.