Cintas Shares $28.7 Million With Employee-Partners in Fiscal Year 2008
$246 Million Contributed to Company’s Retirement Plan Over Past 15 Years
CINCINNATI, August 21, 2008 — Cintas Corporation’s (Nasdaq: CTAS) employee-partners have received an additional boost to their company retirement saving plans. The Board of Directors recently approved a contribution of $28.7 million to the Cintas Partners Plan — a 3 percent increase over last year’s contribution. This raises the company’s total contribution to the retirement plan to $246 million over the past 15 years.
"Cintas is proud to have one of the best benefits programs in our industry, and we are pleased to support our employee-partners and their retirement savings programs," said Scott Farmer, chief executive officer. "Our Partners Plan is a reflection of our appreciation of their hard work."
Employee-partners at every level are eligible to participate in the Cintas Partners Plan, which includes profit sharing, 401(k) contributions and an employee stock ownership program. In addition to the retirement plan, Cintas offers 12 different health plans so employee-partners can customize their plans according to their families’ need for vision, life and disability insurance coverage.
About Cintas Corporation:
Headquartered in Cincinnati, Ohio, Cintas Corporation provides highly specialized services to businesses of all types. Cintas designs, manufactures and implements corporate identity uniform programs, and provides entrance mats, restroom supplies, promotional products, first aid and safety products, fire protection services and document management services to approximately 800,000 businesses. Cintas is a publicly held company traded over the Nasdaq National Market under the symbol CTAS, and is a Nasdaq-100 company and component of the Standard & Poor's 500 Index. The Company has achieved 39 consecutive years of growth in sales and earnings, to date.