UniFirst (UNF) Proxy Filing summary

Executive summary

• Annual Meeting scheduled for January 14, 2025, to elect three Class III Directors, approve executive compensation on an advisory basis, and ratify Ernst & Young LLP as the independent auditor for fiscal 2025.

• Shareholders of record as of November 15, 2024, are entitled to vote; voting can be done online, by phone, mail, or in person.

• Board recommends voting in favor of all proposals, including director elections, executive compensation, and auditor ratification.

Voting matters and shareholder proposals

• Proposal 1: Election of Cynthia Croatti, Cecilia McKenney, and Sergio A. Pupkin as Class III Directors for three-year terms.

• Proposal 2: Non-binding advisory vote to approve named executive officer compensation (say-on-pay).

• Proposal 3: Ratification of Ernst & Young LLP as independent registered public accounting firm for fiscal 2025.

• Shareholder proposals for the 2026 meeting must be submitted by August 7, 2025.

Board of directors and corporate governance

• Board consists of seven members divided into three staggered classes; four standing committees: Audit, Compensation, Nominating and Corporate Governance, and ESG.

• Majority of directors and all committee members are independent under NYSE rules.

• Board leadership is separated, with an independent Chairman and CEO.

• Annual self-evaluations and regular executive sessions of independent directors are conducted.

• Directors are subject to stock ownership and anti-hedging policies.