01—Abstract
Summary
Summary of the 8-K filed August 3, 2026. Cited figures are marked; the original filing is the authoritative source.
Cintas Corporation (CTAS) has announced a key executive leadership change through an 8-K filing dated August 3, 2026.
Effective August 1, 2026, Jim Rozakis, previously Executive Vice President and Chief Operating Officer (COO), has been appointed President and COO. This move separates the roles of President and Chief Executive Officer, with Todd Schneider continuing as CEO and relinquishing the President title. This change is significant as it realigns executive responsibilities and introduces a new compensation structure for Mr. Rozakis in his expanded role.
Investors should note the details of his new compensation package, including base salary, annual cash incentive, and substantial long-term incentive awards, reflecting the increased scope of his responsibilities. The filing also confirms there are no undisclosed arrangements or conflicts of interest related to this appointment.
02—Key points
Key Highlights
- Jim Rozakis appointed President and COO, effective August 1, 2026.
- CEO Todd Schneider will retain his CEO title and no longer serve as President.
- Rozakis's new annual compensation includes a $900,000 base salary.
- Target annual cash incentive for Rozakis is $1,125,000.
- Significant long-term incentive opportunity for Rozakis, with a target of $4,000,000.
- Rozakis will receive one-time restricted stock and stock option awards valued at $112,500 and $337,500 respectively, with standard vesting schedules.
- No undisclosed arrangements or family relationships are associated with Rozakis's appointment.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing?
This 8-K filing announces a change in executive leadership at Cintas Corporation. Specifically, Jim Rozakis has been appointed as President and Chief Operating Officer, a newly separated role from the Chief Executive Officer position.
How does this executive change affect Todd Schneider's role?
Todd Schneider will continue as the Chief Executive Officer of Cintas Corporation. He will no longer hold the title of President, as that role has been separated and filled by Jim Rozakis.
What is Jim Rozakis's new compensation package?
Jim Rozakis's new annual compensation includes a base salary of $900,000, a target annual cash incentive of $1,125,000, and a target long-term incentive opportunity of $4,000,000. He will also receive one-time restricted stock and stock option awards.
Are there any special conditions or conflicts associated with Jim Rozakis's appointment?
The filing states that there are no arrangements or understandings with other parties regarding his appointment, no family relationships with directors or officers, and no direct or indirect material interest in any transactions requiring disclosure.
04—Continue