Cintas names Jim Rozakis President and COO
Cintas Corporation has separated the roles of President and Chief Executive Officer and appointed Jim Rozakis, previously Executive Vice President and Chief Operating Officer, as President and COO effective August 1, 2026.
Rhea-AI Filing Summary
Cintas Corporation has separated the roles of President and Chief Executive Officer and appointed Jim Rozakis, previously Executive Vice President and Chief Operating Officer, as President and COO effective August 1, 2026. Todd Schneider will continue to serve as Chief Executive Officer but will no longer hold the title of President.
For his service as President and COO, Rozakis will initially be eligible for annual compensation including a $900,000 base salary, a target annual cash incentive opportunity of $1,125,000, and a target long-term incentive opportunity of $4,000,000 under the company’s equity plan. He will also receive a one-time long-term incentive award with a grant date fair value of $112,500 in restricted stock and $337,500 in non-qualified stock options, vesting over three to five years subject to continued service. The company indicates there are no special arrangements, family relationships, or related-party transactions involving Rozakis that require disclosure under Item 404(a) of Regulation S-K.
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8-K Event Classification
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Key Terms
Chief Operating Officer financial
long-term incentive opportunity financial
restricted stock financial
non-qualified stock options financial
Item 404(a) of Regulation S-K regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What executive leadership change did Cintas (CTAS) make on August 1, 2026?
What is the new compensation package for Cintas (CTAS) President and COO Jim Rozakis?
What one-time equity awards will Jim Rozakis receive at Cintas (CTAS)?
How do the equity awards to Jim Rozakis at Cintas (CTAS) vest over time?
Why did Cintas (CTAS) change the roles of its President and CEO?
AI-generated analysis. How Rhea-AI works. Not financial advice.
