Cintas Corp Separates President/CEO Roles; Appoints Jim Rozakis President

What Happened
Cintas Corporation (CTAS) announced on July 28, 2026 that it is separating the roles of President and Chief Executive Officer. Jim Rozakis, currently Executive Vice President and Chief Operating Officer, will become President and COO effective August 1, 2026. Todd Schneider will remain the Company’s Chief Executive Officer and will no longer hold the title of President. Mr. Rozakis’ bio is included in Cintas’ 2025 proxy statement.

Key Details

• Effective date: August 1, 2026 (announcement made July 28, 2026).
• Initial annual compensation for Mr. Rozakis: $900,000 base salary; $1,125,000 target annual cash incentive; $4,000,000 target long-term incentive.
• One-time long-term incentive grant on promotion: restricted stock with grant-date fair value $112,500 and non-qualified stock options with grant-date fair value $337,500. Vesting: restricted stock 100% on the third anniversary; options 33% on each of the third, fourth and fifth anniversaries, subject to continued service.
• Company disclosed no related arrangements or family relationships and no reportable interests under Item 404(a) of Regulation S-K.

Why It Matters
This is a governance and leadership clarification that separates the President role from the CEO role while keeping Todd Schneider as CEO. For investors, the filing highlights management succession and retention steps—Mr. Rozakis’ compensation and one-time equity grants are intended to align and retain senior leadership. The change is administrative and personnel-focused; the 8‑K does not report other operational or financial results.