Engine Capital Pressures UniFirst Board to Consider Company Sale Amid Shareholder Discontent

UniFirst Corporation +0.63%

UniFirst Corporation

UNF

256.19

+0.63%

Engine Capital, one of UniFirst Corporation's largest independent common shareholders, has issued a public letter to trustees Carol Croatti, Matthew Croatti, Cynthia Croatti, and Cecelia Levenstein, calling for engagement regarding the company's future. Engine Capital criticized the Board for scheduling a virtual-only annual meeting on December 15, 2025, a departure from UniFirst's typical in-person meetings and earlier than its usual January timeline. The shareholder group urged the Board to explore a potential sale of the company, arguing that UniFirst has limited prospects as a standalone entity and could achieve greater value through a strategic transaction. Engine Capital also expressed concerns about ongoing operational challenges and the Board's lack of communication with shareholders.

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