Washington | 0-11399 | 31-1188630 | ||
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification Number) |
6800 Cintas Boulevard, P.O. Box 625737, Cincinnati, Ohio | 45262-5737 | |
(Address of Principal Executive Offices) | (Zip Code) |
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
• | the aggregate number of shares of common stock actually issued or transferred upon the exercise of incentive stock options will not exceed 12,500,000 shares of common stock; |
• | no participant will be granted stock options and/or appreciation rights, in the aggregate, for more than 400,000 shares of common stock during any calendar year; |
• | no participant will be granted awards of restricted stock, restricted stock units, performance shares and/or other stock-based awards that are intended to qualify as “qualified performance-based compensation” under Section 162(m) (“Qualified Performance-Based Awards”), in the aggregate, for more than 400,000 shares of common stock during any calendar year; |
• | no participant in any calendar year will receive Qualified Performance-Based Awards of performance units and/or other awards payable in cash (other than cash incentive awards) having an aggregate maximum value as of their respective grant dates in excess of $5,000,000; |
• | no participant in any calendar year will receive Qualified Performance-Based Awards that are cash incentive awards having an aggregate maximum value in excess of $5,000,000; and |
• | no non-employee director will be granted, in any period of one calendar year, awards under the Equity Plan having an aggregate maximum value in excess of $300,000. |
• | Profits (e.g., operating profit or income, EBIT, EBT, income, net income (before or after taxes), earnings per share, residual or economic earnings, economic value added, or economic profit - these profitability metrics could be measured before certain specified special items and/or subject to GAAP definition); |
• | Cash Flow (e.g., actual or adjusted earnings before or after interest, taxes, depreciation and/or amortization (including EBIT and EBITDA), free cash flow, free cash flow with or without specific capital expenditure target or range, including or excluding divestments and/or acquisitions, operating cash flow, total cash flow, cash flow in excess of cost of capital or residual cash flow, or cash flow return on investment); |
• | Returns (e.g., earnings per share, profits or cash flow returns on: assets, investment, capital, invested capital, net capital employed, equity, or sales); |
• | Working Capital (e.g., working capital divided by sales, days’ sales outstanding, days’ sales inventory, and days’ sales in payables, or any combination thereof); |
• | Profit Margins (e.g., operating profit or gross profit divided by revenues or value added revenues, gross margins and material margins divided by revenues, and material margin divided by sales); |
• | Liquidity Measures (e.g., debt-to-capital, debt-to-EBITDA, total debt ratio, debt-to-debt-plus-equity, or EBITDA multiple); |
• | Sales, Value Added Sales, Sales Growth, Gross Margin Growth, Cost Initiative and Stock Price Metrics (e.g., revenue, net revenue, revenue growth, net revenue growth, revenue growth outside the United States, gross margin and gross margin growth, material margin and material margin growth, new product sales growth, value added sales, growth in value added sales, stock price appreciation, total return to shareholders, sales and administrative costs divided by sales, sales per employee, cost targets, expense or debt reduction levels, or sales and administrative costs divided by profits); and |
• | Strategic Initiative Key Deliverable Metrics consisting of one or more of the following: product development or implementation; employee diversity; safety performance; strategic partnering; research and development; vitality index; market penetration; market share; geographic business expansion goals; cost targets; expense targets or cost reduction goals; general and administrative expense savings; selling, general and administrative expenses; objective measures of client/customer satisfaction; employee satisfaction; employee retention; management of employment practices and employee benefits; supervision of litigation and information technology; increase in yield and productivity; economic value added (or another measure of profitability that considers the cost of capital employed); product quality; sales of new products; or goals relating to acquisitions or divestitures of subsidiaries, affiliates and joint ventures. |
Name | Shares For | Shares Against | Abstentions | Broker Non- Votes | ||||
Gerald S. Adolph | 92,462,613 | 574,072 | 23,863 | 4,062,862 | ||||
John F. Barrett | 92,173,316 | 863,963 | 23,269 | 4,062,862 | ||||
Melanie W. Barstad | 92,576,484 | 460,446 | 23,618 | 4,062,862 | ||||
Robert E. Coletti | 90,572,412 | 2,460,580 | 27,556 | 4,062,862 | ||||
Richard T. Farmer | 90,346,829 | 2,691,296 | 22,423 | 4,062,862 | ||||
Scott D. Farmer | 90,789,932 | 1,357,503 | 913,113 | 4,062,862 | ||||
James J. Johnson | 92,175,443 | 860,262 | 24,843 | 4,062,862 | ||||
Joseph Scaminace | 91,615,467 | 1,421,527 | 23,554 | 4,062,862 | ||||
Ronald W. Tysoe | 85,923,904 | 7,110,784 | 25,860 | 4,062,862 |
For | Against | Abstain | Broker Non-Votes | |||
91,133,485 | 1,785,669 | 141,394 | 4,062,862 |
For | Against | Abstain | Broker Non-Votes | |||
59,954,825 | 33,040,228 | 65,495 | 4,062,862 |
For | Against | Abstain | ||
94,317,676 | 2,661,224 | 144,510 |
10.1 | Cintas Corporation 2016 Equity and Incentive Compensation Plan |
CINTAS CORPORATION | |||
Date: October 20, 2016 | By: | /s/ J. Michael Hansen | |
J. Michael Hansen | |||
Senior Vice President and Chief Financial Officer |
10.1 | Cintas Corporation 2016 Equity and Incentive Compensation Plan |