UNIFIRST CORP SEC Filing

River Road Asset Management, LLC filed a Schedule 13D reporting a significant stake in UniFirst Corp. (UNF).

Accepted by SEC EDGAR 11/17/2025 - 05:52 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

River Road Asset Management, LLC filed a Schedule 13D reporting a significant stake in UniFirst Corp. (UNF). River Road, a Delaware-organized investment adviser, reports beneficial ownership of 881,303 shares of UniFirst common stock, representing 6.1% of the 14,565,659 shares outstanding as of October 22, 2025. The firm used approximately $134,947,269.25 of client funds under its management to acquire this position.

The stake was acquired for investment purposes in the ordinary course of business, and River Road states it does not intend to seek control or participate in UniFirst’s day-to-day management. However, it may buy or sell shares and discuss topics such as operations, strategy, governance, capital allocation, and potential board nominees with UniFirst management, directors, other shareholders, and market participants, which could lead to changes in its ownership over time.

Insights

Equity Ownership & Governance Analyst

River Road reports a 6.1% UniFirst stake, signaling active but non‑control-oriented engagement potential.

River Road Asset Management has disclosed beneficial ownership of 881,303 UniFirst shares, equal to 6.1% of the 14,565,659 shares outstanding as of October 22, 2025. The position, purchased with about $134,947,269.25 of client funds, makes River Road a notable institutional holder with sole voting power over 763,959 shares and sole dispositive power over all 881,303 shares.

The filing states the stake is held for investment in the ordinary course, and that River Road does not intend to seek control or manage UniFirst’s day-to-day operations. At the same time, it explicitly contemplates discussions about operations, strategy, governance, capital allocation, and potential board nominees, and notes that such analysis and discussions may result in material changes to its ownership. This language leaves room for active engagement without a formal control agenda.

The transaction history shows numerous open-market buys and some sales between September 15, 2025 and November 14, 2025 at prices largely in the $150–$170 range, indicating gradual accumulation rather than a single block purchase. Future UniFirst disclosures or additional amendments by River Road could clarify whether its role remains purely investment-focused or evolves toward more assertive shareholder engagement.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake in UniFirst Corp. (UNF) did River Road Asset Management disclose?

River Road Asset Management disclosed beneficial ownership of 881,303 shares of UniFirst Corp. common stock, representing 6.1% of the 14,565,659 shares outstanding as of October 22, 2025.

Who is the reporting person in this UniFirst (UNF) Schedule 13D filing?

The reporting person is River Road Asset Management, LLC, a Delaware-organized, SEC-registered investment adviser based at 462 South Fourth Street, Suite 2000, Louisville, KY 40202.

How much did River Road Asset Management spend to acquire its UniFirst (UNF) position?

River Road reports that the amount of funds used to purchase UniFirst stock was approximately $134,947,269.25, using RRAM client funds under investment advisory agreements.

What is River Road Asset Management’s stated purpose for holding UniFirst (UNF) shares?

River Road states that the UniFirst stock was acquired for investment purposes in the ordinary course of business. It may buy, hold, vote, trade, or sell shares based on factors such as UniFirst’s operations, management, strategy, capital allocation, or potential transactions.

Does River Road intend to seek control of UniFirst Corp. (UNF)?

No. The filing explicitly states that River Road does not intend to seek control of the issuer or participate in the day-to-day management of UniFirst, although it may engage with management and other stakeholders on strategic and governance matters.

What voting and dispositive power does River Road have over UniFirst (UNF) shares?

River Road reports sole voting power over 763,959 shares of UniFirst common stock and sole dispositive power over 881,303 shares. It reports no shared voting or shared dispositive power.

What recent trading activity did River Road report in UniFirst (UNF) stock?

The filing lists multiple open-market purchases and sales between September 15, 2025 and November 14, 2025, with trade sizes ranging from small lots to over 20,000 shares and prices generally in the $150–$170 per share range.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

UNIFIRST CORP

(Name of Issuer)

Common Stock

(Title of Class of Securities)

904708104

(CUSIP Number)

Meagan Snyder, CCO
462 South 4th Street, Suite 2000,
Louisville, KY, 40202
5023714118

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

11/14/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 904708104

1

Name of reporting person

River Road Asset Management, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 763,959.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 881,303.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

881,303.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

6.1 %

14

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock
(b)	Name of Issuer: UNIFIRST CORP
(c)	Address of Issuer's Principal Executive Offices: 68 JONSPIN RD, WILMINGTON, MASSACHUSETTS , 01887.
Item 2.	Identity and Background
(a)	River Road Asset Management, LLC (RRAM or the Filer)
(b)	462 South Fourth Street, Suite 2000, Louisville, KY 40202
(c)	RRAM is a Securities and Exchange Commission registered investment advisor. The name, business address, business activity and present principal occupation or employment of each executive officer and director of the Filer are set forth in Annex A, which is incorporated herein by reference.
(d)	During the last five years, none of the Filer, or the persons listed in Annex A, have been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e)	During the last five years, none of the Filer, or the persons listed in Annex A, were a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f)	RRAM is organized under the laws of Delaware. The citizenship of each executive officer and director of the Filer who is a natural person is set forth in Annex A hereto, which is incorporated herein by reference.
Item 3.	Source and Amount of Funds or Other Consideration
	The source of funds used in purchasing the Stock of the Issuer is RRAM client funds for which RRAM acts as investment advisor pursuant to an investment advisory agreement between each RRAM client and RRAM. The amount of funds used in purchasing the Stock of the Issuer is $134,947,269.25.
Item 4.	Purpose of Transaction
	The Stock was acquired for investment purposes in the ordinary course of business. As such, the Filer may purchase, hold, vote, trade, dispose, sell or otherwise deal the Stock for the benefit of its clients depending on changes in the per share price of the Stock, or related to changes in the Issuer's operations, management structure, business strategy, future acquisitions, growth prospects, liquidity, capital allocation, including use of leverage, or from the sale or merger of the Issuer. The Filer may discuss such matters, and specifically may discuss board of director nominees and may suggest potential board of director nominees, with the Issuer's management or directors, other shareholders, existing or potential strategic partners or competitors, investment and finance professionals, and other investors. Such analysis and discussions may result in the Filer materially modifying their ownership of the Stock. The Filer may also exchange information with the Issuer pursuant to confidentiality or similar agreements, propose changes in its operations, governance, capitalization, or propose one or more of the actions described in sections (a) through (j) of Item 4 of Schedule 13D, all in order to enhance shareholder value. The Filer does not intend to seek control of the Issuer or participate in the day-to-day management of the Issuer.
Item 5.	Interest in Securities of the Issuer
(a)	Based on 14,565,659 shares of Common Stock of the Issuer outstanding as of October 22, 2025, the Filer, or the persons listed in Annex A, may be deemed to beneficially own 881,303, or 6.1%, of the Issuer's outstanding shares of Common Stock.
(b)	The Filer, or the persons listed in Annex A, have the sole power to vote or direct the vote of 763,959 shares of the Stock and to dispose or direct the disposition of 881,303 shares of the Stock that the Filers may be deemed to beneficially own.
(c)	The Filer effected the following transactions in the Stock in open market transactions on the dates indicated, and such transactions are the only transactions in the Stock by the Filer during the sixty days prior to and including November 14, 2025 (date range: September 15, 2025 through November 14, 2025): (1) Name (2) Date (3) Number of Shares of Common Stock (4) Price per Share of Common Stock (5) How Transacted - Sell or Buy Where Transacted RRAM 9/15/2025 479 172.03 Buy RRAM Principal Place of Business RRAM 9/29/2025 369 166.57 Buy RRAM Principal Place of Business RRAM 10/6/2025 3,773 170.30 Buy RRAM Principal Place of Business RRAM 10/10/2025 553 157.38 Sell RRAM Principal Place of Business RRAM 10/13/2025 636 158.54 Buy RRAM Principal Place of Business RRAM 10/14/2025 21,630 162.27 Buy RRAM Principal Place of Business RRAM 10/14/2025 30 162.27 Buy RRAM Principal Place of Business RRAM 10/14/2025 13 161.93 Buy RRAM Principal Place of Business RRAM 10/14/2025 13 161.93 Buy RRAM Principal Place of Business RRAM 10/14/2025 13 161.93 Buy RRAM Principal Place of Business RRAM 10/14/2025 19,020 162.27 Buy RRAM Principal Place of Business RRAM 10/14/2025 361 162.76 Buy RRAM Principal Place of Business RRAM 10/16/2025 82 162.00 Buy RRAM Principal Place of Business RRAM 10/16/2025 2,139 162.89 Buy RRAM Principal Place of Business RRAM 10/16/2025 472 162.62 Buy RRAM Principal Place of Business RRAM 10/16/2025 264 162.00 Buy RRAM Principal Place of Business RRAM 10/16/2025 19 162.89 Buy RRAM Principal Place of Business RRAM 10/16/2025 142 162.00 Buy RRAM Principal Place of Business RRAM 10/16/2025 189 162.89 Buy RRAM Principal Place of Business RRAM 10/16/2025 8,113 162.89 Buy RRAM Principal Place of Business RRAM 10/16/2025 26 162.00 Buy RRAM Principal Place of Business RRAM 10/16/2025 892 162.89 Buy RRAM Principal Place of Business RRAM 10/16/2025 92 162.00 Buy RRAM Principal Place of Business RRAM 10/16/2025 114 162.89 Buy RRAM Principal Place of Business RRAM 10/16/2025 103 162.00 Buy RRAM Principal Place of Business RRAM 10/16/2025 842 162.89 Buy RRAM Principal Place of Business RRAM 10/16/2025 23 162.62 Buy RRAM Principal Place of Business RRAM 10/16/2025 99 162.00 Buy RRAM Principal Place of Business RRAM 10/16/2025 4,217 162.89 Buy RRAM Principal Place of Business RRAM 10/16/2025 66 162.00 Buy RRAM Principal Place of Business RRAM 10/16/2025 156 162.89 Buy RRAM Principal Place of Business RRAM 10/17/2025 1,073 169.19 Buy RRAM Principal Place of Business RRAM 10/17/2025 430 169.34 Buy RRAM Principal Place of Business RRAM 10/17/2025 326 169.44 Buy RRAM Principal Place of Business RRAM 10/17/2025 147 168.44 Sell RRAM Principal Place of Business RRAM 10/22/2025 95 162.06 Buy RRAM Principal Place of Business RRAM 10/22/2025 185 162.88 Buy RRAM Principal Place of Business RRAM 10/22/2025 104 162.79 Buy RRAM Principal Place of Business RRAM 10/22/2025 187 163.61 Buy RRAM Principal Place of Business RRAM 10/23/2025 10,111 159.92 Buy RRAM Principal Place of Business RRAM 10/23/2025 14 159.92 Buy RRAM Principal Place of Business RRAM 10/23/2025 5 159.92 Buy RRAM Principal Place of Business RRAM 10/23/2025 5 159.92 Buy RRAM Principal Place of Business RRAM 10/23/2025 5 159.92 Buy RRAM Principal Place of Business RRAM 10/23/2025 8,756 159.92 Buy RRAM Principal Place of Business RRAM 10/29/2025 29 158.31 Buy RRAM Principal Place of Business RRAM 10/31/2025 394 154.16 Sell RRAM Principal Place of Business RRAM 10/31/2025 25 154.16 Sell RRAM Principal Place of Business RRAM 10/31/2025 522 154.16 Sell RRAM Principal Place of Business RRAM 10/31/2025 2,199 154.33 Sell RRAM Principal Place of Business RRAM 10/31/2025 100 154.34 Sell RRAM Principal Place of Business RRAM 10/31/2025 568 154.34 Sell RRAM Principal Place of Business RRAM 10/31/2025 372 154.34 Sell RRAM Principal Place of Business RRAM 10/31/2025 279 154.34 Sell RRAM Principal Place of Business RRAM 10/31/2025 8 154.34 Sell RRAM Principal Place of Business RRAM 11/3/2025 9,193 155.81 Buy RRAM Principal Place of Business RRAM 11/3/2025 1,564 154.84 Buy RRAM Principal Place of Business RRAM 11/3/2025 397 155.75 Buy RRAM Principal Place of Business RRAM 11/4/2025 19 150.78 Buy RRAM Principal Place of Business RRAM 11/4/2025 19 150.78 Buy RRAM Principal Place of Business RRAM 11/4/2025 19 150.78 Buy RRAM Principal Place of Business RRAM 11/6/2025 59 150.14 Buy RRAM Principal Place of Business RRAM 11/6/2025 182 149.72 Sell RRAM Principal Place of Business RRAM 11/7/2025 43 150.80 Sell RRAM Principal Place of Business RRAM 11/10/2025 44 151.18 Sell RRAM Principal Place of Business RRAM 11/12/2025 1,149 156.27 Buy RRAM Principal Place of Business RRAM 11/12/2025 11 155.98 Sell RRAM Principal Place of Business The transactions noted above were purchases or sales of shares effected in the open market and the table includes commissions paid in per share prices.
(d)	Not applicable.
(e)	Not applicable.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	RRAM is the investment adviser to accounts of RRAM clients pursuant to investment advisory agreements between RRAM clients and RRAM. Each investment advisory agreement provides RRAM with the authority, among other things, to invest account funds in the Stock, to dispose of the Stock, and to file this statement on behalf of the account. Some, but not all, investment advisory agreements provide RRAM with the authority to vote for the Stock. The number of shares of Stock for which RRAM has sole voting power is reflected on RRAM's cover page.
Item 7.	Material to be Filed as Exhibits.
	ANNEX A - The name, business address, business activity, present principal occupation or employment and, if natural person, citizenship of each executive officer and director of the Filers.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

River Road Asset Management, LLC

Signature:	Meagan Snyder
Name/Title:	Meagan Snyder/Chief Compliance Officer
Date:	11/17/2025