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Get filing alertsCintas separates CEO and President roles, promotes Jim Rozakis to President and COO
Filed August 3, 2026 · Period ending August 3, 2026 · ~1 min read
Key Changes
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Cintas splits CEO and President roles effective August 1, 2026. Jim Rozakis, currently Executive VP and COO, promoted to President and COO. Todd Schneider remains CEO, relinquishes President title.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
low
Rozakis's new compensation: $900,000 base salary, $1,125,000 target annual cash bonus, $4,000,000 target long-term incentive opportunity (approximately $6 million total target annual compensation).
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
low
One-time promotion award: $450,000 grant-date fair value ($112,500 restricted stock vesting after three years, $337,500 stock options vesting over years three through five).
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
Summary
Cintas is restructuring its executive leadership by separating the CEO and President roles, a governance change that redistributes responsibilities between two senior leaders. Effective August 1, 2026, Jim Rozakis moves from Executive Vice President and COO to President and COO, while Todd Schneider remains as CEO but no longer holds the President title.
This type of role separation can signal succession planning or a desire to distribute operational and strategic responsibilities more clearly. For retail investors, this is a routine governance matter with no immediate red flags. The company is promoting from within, suggesting continuity in leadership and operations.
Rozakis's compensation package—approximately $6 million in target annual compensation plus a one-time $450,000 promotion award—is consistent with executive pay at a company of Cintas's scale. The change does not alter the company's business strategy or financial position.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 4, 2026 · How we verify