Engine Capital Pressures UniFirst Board as ISS Backs New Director Candidates

Reuters12-08

Engine Capital Pressures UniFirst Board as ISS Backs New Director Candidates

Engine Capital LP, which owns approximately 3.2% of UniFirst Corporation's outstanding shares, has engaged in shareholder activism ahead of the company's 2026 Annual Meeting of Shareholders scheduled for December 15, 2025. Engine Capital has nominated Arnaud Ajdler and Michael Croatti as director candidates, urging shareholders to vote for them using the blue universal proxy card. Institutional Shareholder Services Inc. (ISS), an independent proxy advisory firm, has recommended that shareholders support Engine's nominees, citing concerns about UniFirst's dual-class share structure, historical underperformance, and the Board's handling of acquisition offers. ISS's report also highlighted the need for an independent special committee and a renewed engagement with potential acquirers to explore a potential sale of the company.

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: 20251208212172) on December 08, 2025, and is solely responsible for the information contained therein.

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