Cintas Shares $24.4 Million With Employee-Partners in 2005
August 25 2005 - 4:56PM
PR Newswire (US)
$154 Million Contributed to Company's Retirement Plan Over Past
Decade CINCINNATI, Aug. 25 /PRNewswire-FirstCall/ -- The Board of
Directors of Cintas Corporation (NASDAQ:CTAS) recently approved a
contribution of $24.4 million to the company's employee-partners'
retirement plan -- an increase of 10% over 2004. This raises the
company's total contribution to the retirement plan over the past
decade to $154 million. The contribution will be awarded in the
form of profit sharing, 401 (k) matched contributions and stock to
employees as the company celebrates its 36th consecutive year of
growth in sales and earnings. "Our employee-partners deserve all
the credit for the company's growth record," said Scott Farmer,
Cintas President and CEO. "That is why we named our retirement
plan, 'The Partners' Plan.' The plan demonstrates our company's
appreciation and commitment to the futures of our partners and
their families." Employees at every level are eligible to
participate in the Cintas Partners' Plan, which includes profit
sharing, matching 401 (k) contributions, and an employee stock
ownership program. In addition to the retirement plan, Cintas
provides medical, dental, vision, life, and disability insurance.
About Cintas Corporation: Headquartered in Cincinnati, Cintas
Corporation provides highly specialized services to businesses of
all types throughout North America. 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 700,000 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 36
consecutive years of growth in sales and earnings, to date.
DATASOURCE: Cintas Corporation CONTACT: Karen L. Carnahan, Vice
President and Treasurer of Cintas Corporation, +1-513-459-1200 Web
site: http://www.cintas.com/
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