01—Abstract
Summary
Summary of the 8-K filed December 11, 2025. Cited figures are marked; the original filing is the authoritative source.
PPG Industries, Inc. filed this Form 8-K on December 11, 2025 to report that its Board of Directors elected Todd M.
Schneider as a director, effective January 14, 2026. Schneider, President and Chief Executive Officer of Cintas Corporation, will serve in the class of directors whose term expires at the 2026 Annual Meeting of Shareholders and has been appointed to the Nominating and Governance Committee and the Sustainability and Innovation Committee. He will receive compensation consistent with the Company's other non-employee independent directors, as described in the proxy statement filed March 6, 2025.
The filing discloses a related-party commercial relationship with Cintas. PPG sold approximately $13,000a of products and services to Cintas in 2024 and purchased approximately $9,350,000 of products and services from Cintas in 2024, with purchases of approximately $7,550,000 in the first three fiscal quarters of 2025. The company states these transactions were in the ordinary course of business and amount to less than one percent of each company's consolidated gross revenues for fiscal 2024 and the first three quarters of 2025.
Schneider was not selected pursuant to any arrangement or understanding with another person or entity. The accompanying press release (Exhibit 99) quotes PPG chairman and CEO Timothy M. Knavish and lead independent director Michael W.
Lamach on the appointment, emphasizing Schneider's experience in organic growth and in providing technical services to customers. For investors, the event is primarily a board-composition change with limited direct financial impact, though the disclosed Cintas purchases are the most notable item to monitor.
02—Key points
Key Highlights
- Todd M. Schneider, President and CEO of Cintas Corporation, was elected to PPG's Board of Directors effective January 14, 2026.
- Schneider will serve on the Nominating and Governance Committee and the Sustainability and Innovation Committee.
- His term runs in the class expiring at the 2026 Annual Meeting of Shareholders.
- PPG purchased approximately $9,350,000 of products and services from Cintas in 2024 and sold approximately $13,000 to Cintas in the same year.
- PPG purchased approximately $7,550,000 from Cintas in the first three fiscal quarters of 2025.
- The company states the Cintas transactions were in the ordinary course of business and under one percent of each company's consolidated gross revenues.
- Schneider was not selected pursuant to any arrangement or understanding with any other person or entity; he will receive standard non-employee independent director compensation.
03—Questions
Frequently Asked Questions
Who is joining PPG's Board of Directors?
Todd M. Schneider, President and Chief Executive Officer of Cintas Corporation, was elected to the Board on December 11, 2025, effective January 14, 2026.
Which board committees will Schneider serve on?
He was appointed to the Nominating and Governance Committee and the Sustainability and Innovation Committee.
Does PPG do business with Schneider's company?
Yes. The filing states PPG sold approximately $13,000 of products and services to Cintas and purchased approximately $9,350,000 from Cintas in 2024, and purchased approximately $7,550,000 in the first three fiscal quarters of 2025. The company says these were ordinary-course transactions representing less than one percent of each company's consolidated gross revenues.
How will Schneider be compensated?
As an independent director, he will receive compensation consistent with PPG's other non-employee independent directors, as described in the proxy statement filed March 6, 2025.
Was Schneider selected under any special arrangement?
No. The filing states he was not selected as a director pursuant to any arrangement or understanding between him and any other person or entity.
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