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Cintas Corp (CTAS.OQ)

CTAS.OQ on NASDAQ Stock Exchange Global Select Market

324.01USD
27 Oct 2020
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Summary

Name Age Since Current Position

Scott Farmer

60 2016 Chairman of the Board, Chief Executive Officer

Jon Hansen

51 2018 Chief Financial Officer, Executive Vice President - Finance

Todd Schneider

52 2018 Chief Operating Officer, Executive Vice President

Michael Thompson

53 2018 Executive Vice President, Chief Administrative Officer

Thomas Frooman

52 2015 Senior Vice President, General Counsel, Secretary

Joseph Scaminace

66 2012 Lead Independent Director

Robert Coletti

62 2016 Director

Gerald Adolph

66 2006 Independent Director

John Barrett

70 2011 Independent Director

Melanie Barstad

66 2011 Independent Director

Karen Carnahan

62 2019 Independent Director

James Johnson

72 2009 Independent Director

Ronald Tysoe

67 2008 Independent Director

Biographies

Name Description

Scott Farmer

Mr. Scott D. Farmer is Chairman of the Board, Chief Executive Officer of the Cintas Corporation. He has held the positions of Vice President – National Account Division, Vice President – Marketing and Merchandising, Rental Division Group Vice President and Chief Operating Officer. In 1994, he was elected to the Board. He was elected Chief Executive Officer in July 2003. Mr. Farmer was appointed Chairman of the Board in September 2016. The Board believes that Mr. Farmer's breadth of knowledge and experience in the areas of marketing, business development and corporate strategy, as well as his familiarity with all aspects of Cintas' business, renders his service on the Board extremely beneficial to Cintas.

Jon Hansen

Mr. Jon Michael Hansen serves as Chief Financial Officer, Executive Vice President - Finance of the Company effective July 31, 2018. He has held various positions within Cintas, including General Manager of the Cincinnati First Aid and Fire locations and Corporate Controller. He was appointed Vice President and Treasurer in June 2010, a position that he held through January 31, 2015, when he was then appointed to Vice President - Finance and Chief Financial Officer. Mr. Hansen was promoted to Senior Vice President - Finance and Chief Financial Officer in October 2016. In July 2018, Mr. Hansen was appointed to Executive Vice President and Chief Financial Officer. He is responsible for finance and accounting, corporate compliance, corporate flight and corporate facilities.

Todd Schneider

Mr. Todd M. Schneider serves as Chief Operating Officer, Executive Vice President of the Company. He has held various positions within Cintas, including several management positions. He was Vice President of Sales of the Midwest/South Central Region Rental Division and President and Chief Operating Officer of the former Document Management Division. He served as Senior Vice President of Sales of the Rental Division until June 2013, when he was appointed President & Chief Operating Officer of the Rental Division. In July 2018, Mr. Schneider was appointed Executive Vice President and Chief Operating Officer. He is responsible for marketing and operations.

Michael Thompson

Mr. Michael Lawrence Thompson serves as Executive Vice President, Chief Administrative Officer of the Company. He has held various positions within Cintas, including Director of Corporate Development, Corporate Controller and Vice President and Treasurer. He was also Senior Vice President of the Rental Division - Facility Services and Senior Vice President and Executive Champion - Center of Excellence. In May 2014, he was appointed Senior Vice President and Chief Information Officer. In July 2018, Mr. Thompson was appointed Executive Vice President and Chief Administrative Officer. He is responsible for global supply chain, quality and engineering, information technology and safety.

Thomas Frooman

Mr. Thomas E. Frooman is Senior Vice President, General Counsel, Secretary of the Company. He is responsible for legal, human resources and corporate communications.

Joseph Scaminace

Mr. Joseph M. Scaminace (Joe) is an Lead Independent Director of Cintas Corporation. e is designated as Lead Director of the Cintas Board of Directors and is Chairman of the Executive Committee and the Nominating and Corporate Governance Committee. Mr. Scaminace was Chairman, President and CEO of Vectra Corporation (formerly OM Group, Inc.), a diversified industrial growth company, from 2005 until his retirement in 2015. Prior to joining Vectra Corporation, Mr. Scaminace was the President and Chief Operating Officer of The Sherwin-Williams Company, a paint and coatings company, where he had worked in various capacities since 1983. He is a member of the Board of Trustees of The Cleveland Clinic. Mr. Scaminace is also a Director of Parker Hannifin Corporation. The Board believes that Mr. Scaminace's principal executive officer experience and service as a director of another publicly-traded company, which have provided him insight into high-level corporate governance and executive compensation matters, as well as his independent director status, make him an integral member of Cintas' Board.

Robert Coletti

Mr. Robert E. Coletti is an Director of the Company. Mr. Coletti has served as a retired partner emeritus of the law firm of Keating Muething & Klekamp (KMK). Mr. Coletti joined KMK in 1982, where he became a partner in 1988 and a senior partner in 2016, with a practice concentrated in the corporate, securities and financing areas. Mr. Coletti has been serving on the Miami University Board of Trustees since 2014. He was a Trustee of the Miami University Foundation from 2006 to 2012, where he also served as Chairman of the Board from 2010 to 2012. The Board believes that Mr. Coletti's knowledge of Cintas, gained through his many years of advising Cintas and his legal expertise surrounding complicated business matters, makes his service on the Board valuable to Cintas.

Gerald Adolph

Mr. Gerald S. Adolph serves as Independent Director of Cintas Corporation. Mr. Adolph was a Principal with PWC Strategy& (formerly Booz & Company), a consulting firm, from 1981 to 2016. Mr. Adolph held numerous leadership positions at Booz & Company, including Worldwide Chemicals Practice Leader, Worldwide Consumer and Health Practice Leader and Global Mergers and Restructuring Practice Leader. He also served on the Booz Allen Hamilton board of directors from 1994 to 1997. The Board believes that Mr. Adolph's consulting experience, giving him insight into various corporate governance and business management issues, as well as his status as an independent director, make his service on the Board integral to Cintas.

John Barrett

Mr. John F. Barrett is an Independent Director of Cintas Corporation. Mr. Barrett is the Chairman, President and Chief Executive Officer of Western & Southern Financial Group, a Cincinnati-based diversified family of financial services companies. He has been Chief Executive Officer since 1994. He served as a director of Convergys Corporation from 1998 to 2016, The Fifth Third Bancorp and its subsidiary, The Fifth Third Bank, from 1988 to 2009, The Andersons, Inc. from 1992 to 2008 and Cincinnati Bell Inc. from 1992 to 1998. The Board believes that Mr. Barrett's principal executive officer experience and service as a director of other publicly-traded companies, which have provided him with a deep understanding of business matters, his broad financial acumen and his status as an independent director, makes his service on the Board valuable to Cintas.

Melanie Barstad

Ms. Melanie W. Barstad is an Independent Director of Cintas Corporation. Ms. Barstad was with the Johnson & Johnson Family of Companies, a diversified global provider of consumer products, prescription medicines and medical devices, for 23 years, retiring in 2009 as President of Women's Health in the Medical Device and Diagnostics Division. She served as a management board member on numerous Johnson & Johnson operating company boards from 1997 to 2009, including Johnson & Johnson Health Care Systems, Ethicon Endo Surgery and Johnson & Johnson Medical. Ms. Barstad also served as co-chair of the Johnson & Johnson Women's Leadership Initiative. Ms. Barstad served on the Auburn University Foundation Board of Directors from 2008 to 2016 where she chaired the Directorship Committee and served on the Executive Committee. She was recognized in 2018 by the Auburn University Alumni Association receiving the Auburn University Lifetime Achievement Award. Ms. Barstad has also been included in the Agenda Compensation 100 listing and is listed in Europe's Global Board Ready Women's Initiative. She has earned the National Association of Corporate Directors Board Leadership Fellow credentials. The Board believes that Ms. Barstad's experience running complex, enterprise-wide global businesses as a line executive and as a management board member and her status as an independent director, makes her service on the Board valuable to Cintas.

Karen Carnahan

Ms. Karen L. Carnahan is Independent Director of the Company. She appointed a Director of Cintas in fiscal 2020 and is recommended as a Director nominee by the Nominating and Corporate Governance Committee. Ms. Carnahan was recommended to the Nominating and Corporate Governance Committee by Mr. Scott D. Farmer, our Chief Executive Officer. Ms. Carnahan was an employee-partner of Cintas for more than 30 years, where she served at an executive level for more than 20 years, including the roles of Vice President and Treasurer, Vice President of Corporate Development and President and Chief Operating Officer of Cintas' document management division. In 2014, Ms. Carnahan joined Shred-it International Inc. (Shred-it) as chief operating officer when Cintas' document management business merged with Shred-it, from which she then retired in 2015. Ms. Carnahan is on the Board of Trustees of Touchstone Investments (a member of Western & Southern Financial Group) and is a member of the Board of Directors of the Boys & Girls Club of West Chester/Liberty. In addition, Ms. Carnahan has received several prestigious awards including being named a Woman of Excellence by the West Chester, Ohio Chamber Alliance in 2007, a Greater Cincinnati YWCA Career Woman of Achievement in 2009 and receiving the Ohio Diversity Council's Glass Ceiling Award in 2013. The Board believes that Ms. Carnahan's understanding of Cintas through her many years as a trusted employee-partner at Cintas, her status as an independent director and the fact that she is an "audit committee financial expert" under SEC guidelines, makes her service on the Board beneficial to Cintas.

James Johnson

Mr. James J. Johnson (Jim) is an Independent Director of Cintas Corporation. Mr. Johnson was with The Procter & Gamble Company, a manufacturer and marketer of consumer products, for 35 years, retiring in June 2008 as Chief Legal Officer. The Board believes that Mr. Johnson's experience with the myriad of legal issues surrounding a publicly-traded company and his status as an independent director renders his service on the Board invaluable to Cintas.

Ronald Tysoe

Mr. Ronald William Tysoe (Ron) is an Independent Director of Cintas Corporation. He is the Chairman of the Audit Committee. He served as Vice Chairman of Federated Department Stores, Inc. (now known as Macy's Inc.), a clothing and home furnishings company, from April 1990 to October 2006. Mr. Tysoe is also a Director of Taubman Centers, Inc. and J. C. Penney Company, Inc. He previously served as a director of Canadian Imperial Bank of Commerce from 2004 to 2019, Pzena Investment Management Inc. from 2008 until 2013 and Scripps Networks Interactive, Inc. from 2008 to 2018. The Board believes that Mr. Tysoe's service as a Vice Chairman of another publicly-traded company, his independent director status and the fact that he is an "audit committee financial expert" under SEC guidelines, given his understanding of accounting and financial reporting, disclosures and controls, make his Board service extremely beneficial to Cintas.

Basic Compensation

Name Fiscal Year Total

Scott Farmer

8,621,240

Jon Hansen

2,699,970

Todd Schneider

4,019,080

Michael Thompson

2,645,810

Thomas Frooman

2,069,950

Joseph Scaminace

238,906

Robert Coletti

214,806

Gerald Adolph

232,506

John Barrett

231,006

Melanie Barstad

222,906

Karen Carnahan

230,001

James Johnson

230,106

Ronald Tysoe

243,906
As Of  31 May 2019

Options Compensation

Name Options Value

Scott Farmer

290,056 21,166,949

Jon Hansen

13,019 2,328,150

Todd Schneider

67,553 9,243,050

Michael Thompson

4,800 78,712

Thomas Frooman

165,852 8,698,870

Joseph Scaminace

0 0

Robert Coletti

0 0

Gerald Adolph

0 0

John Barrett

0 0

Melanie Barstad

0 0

Karen Carnahan

0 0

James Johnson

0 0

Ronald Tysoe

0 0