J. Phillip Holloman served as the President and Chief Operating Officer of Cintas Corporation from 2008 until his retirement in 2018. He started with Cintas in 1996 and held various positions including roles in engineering and global supply chain management....

Number of Employees

46.5K

Year

2018

Total Compensation

$25.10M

Salary

$1.20M

Board Justification

Cintas' compensation philosophy is designed to attract and retain top executive talent by offering competitive compensation packages that align with company performance and shareholder interests. The compensation structure includes a mix of fixed and variable pay components, with a significant emphasis on performance-based incentives.

Bonus

$2.07M

Board Justification

The bonus for J. Phillip Holloman was determined based on the achievement of financial and non-financial goals, including Cintas' earnings per share (EPS) and sales growth targets, as well as individual performance metrics.

Other

$544.05K

Board Justification

Other compensation includes reimbursements for auto allowances, executive medical programs, Cintas Partner's Plan contributions, and restricted stock dividends.

Restricted Stock

$21.29M(102.88K Restricted Stock)

Board Justification

The vested stock for J. Phillip Holloman in 2018 consisted of restricted stock awards that vested based on the completion of a three-year service period.

Performance Metrics

The performance metrics for determining J. Phillip Holloman's compensation in 2018 included Cintas' earnings per share (EPS), sales growth, and individual performance goals related to operational efficiency, safety, and employee diversity.

SEC Filing

From September 17, 2019

J. Phillip Holloman

Ex-CEO of Cintas

JP

Education

Bachelor's degree in Business Administration from the University of Cincinnati

Field of Expertise

Business & Management

Born

January 1, 1956 - 69 years ago

Is Founder?

No

Tenure

10 years 6 months (Jan 2008 - Jul 2018)

Previous Experience

Various positions at Cintas Corporation since 1996