Summary
Cintas Corporation (CTAS) has announced a board appointment via an 8-K filing on April 27, 2010, effective April 26, 2010. Joseph M. Scaminace has been appointed to the Board of Directors, filling the vacancy left by the passing of former board member Paul Carter in October 2009. This appointment is effective immediately and Mr. Scaminace will serve the remainder of the unexpired term. Mr. Scaminace brings significant executive and board experience to Cintas, currently serving as Chairman and CEO of OM Group, Inc. and holding directorships in other notable organizations. His appointment to the Compensation Committee also signals a focus on corporate governance and executive compensation oversight. The company has confirmed Mr. Scaminace's independence and stated there are no disqualifying arrangements or transactions requiring disclosure.
Key Highlights
- 1Appointment of Joseph M. Scaminace to the Board of Directors, effective April 26, 2010.
- 2Mr. Scaminace fills the vacancy created by the passing of former board member Paul Carter.
- 3Mr. Scaminace has been appointed to serve on the Compensation Committee.
- 4Mr. Scaminace's current role as Chairman and CEO of OM Group, Inc. brings relevant industry experience.
- 5Cintas confirms Mr. Scaminace meets the company's independence standards.
- 6No undisclosed arrangements or transactions exist between Mr. Scaminace and Cintas requiring disclosure.