Proxy Advisors Back Engine Capital’s Director Slate in UniFirst Shareholder Showdown

Reuters
2025.12.10 13:01
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Proxy advisors Glass Lewis, Egan-Jones, and ISS support Engine Capital's director nominees, Arnaud Ajdler and Michael Croatti, for UniFirst's 2026 Annual Meeting. They cite concerns over UniFirst's governance, power concentration in Class B shares, Croatti family control, and underperformance. Engine Capital, holding 3.2% of shares, urges strategic alternatives, including a potential sale. Shareholders are encouraged to provide feedback via a dedicated website. The original content was published by UniFirst Corporation via Business Wire on December 10, 2025.