Engine Capital Pressures UniFirst Board for Sale and Governance Reforms
Engine Capital LP, holding 3.2% of UniFirst Corporation, has urged the formation of a special committee to address governance issues, including a conflict involving General Counsel Michael Patrick and the company's dual-class structure. They criticize the Croatti family's control and suggest independent directors resign if a sale is opposed. Engine Capital has launched a campaign to support its stance.
Engine Capital LP, a significant shareholder of UniFirst Corporation with approximately 3.2% of the company’s outstanding common stock, has issued an open letter to UniFirst’s independent directors-Joseph M. Nowicki, Sergio A. Pupkin, Raymond C. Zemlin, Cecilia McKenney, and Michael Iandoli-calling for the formation of a special committee with independent legal and financial advisors. Engine Capital has raised concerns about a material conflict involving UniFirst’s General Counsel Michael Patrick and criticized the company’s dual-class structure and the Croatti family’s control, which it claims have negatively impacted shareholder value. The investor group has also urged the independent directors to collectively resign if the Croatti Trustees continue to oppose a value-maximizing sale of the company. Engine Capital has launched a campaign website and released an investor presentation to support its position. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Unifirst Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20251201295696) on December 01, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
