Scott D. Farmer has been leading Cintas Corporation as CEO since 2003, guiding the company through various challenges and ensuring its growth. Under his leadership, Cintas maintained strong performance during tough times like the COVID-19 pandemic. He's earned a reputation...

Number of Employees

46.5K

Year

2022

Total Compensation

$6.46M

Salary

$500.00K

Board Justification

Cintas' compensation philosophy for the CEO in 2022 focused on maximizing long-term shareholder value by aligning compensation with company performance, attracting and retaining talented individuals, and motivating them to contribute to Cintas' success.

Bonus

$850.00K

Board Justification

The bonus for Scott D. Farmer in 2022 was based on achieving financial objectives related to Cintas' EPS and sales growth, as well as non-financial goals related to safety. The bonus could range from 0% to a maximum of 185% of the target annual cash incentive.

Other

$338.77K

Board Justification

Other compensation for Scott D. Farmer in 2022 included reimbursements or payments for automobile allowances, executive medical program participation, Partner's Plan contributions, restricted stock dividends, and financial planning fees.

Restricted Stock

$4.77M(10.12K Restricted Stock)

Board Justification

Scott D. Farmer received 10,116 shares of restricted stock that vested in 2022. These shares were awarded based on the achievement of Cintas' fiscal 2023 EPS and sales growth goals.

Performance Metrics

The performance metrics for Scott D. Farmer's compensation in 2022 included Cintas' diluted EPS, sales growth, and the accomplishment of certain individual goals related to safety.

SEC Filing

From September 12, 2023

Scott D. Farmer

CEO of Cintas

C

Education

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

Field of Expertise

Business & Management

Born

January 1, 1964 - 61 years ago

Is Founder?

No

Current Tenure

21 years 4 months (Sep 2003 - Present)

Previous Experience

Various roles at Cintas Corporation since 1991