{"id":914460,"date":"2025-12-01T07:04:10","date_gmt":"2025-12-01T12:04:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/engine-capital-issues-open-letter-to-the-independent-directors-of-unifirst-corporation\/"},"modified":"2025-12-01T07:04:10","modified_gmt":"2025-12-01T12:04:10","slug":"engine-capital-issues-open-letter-to-the-independent-directors-of-unifirst-corporation","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/engine-capital-issues-open-letter-to-the-independent-directors-of-unifirst-corporation\/","title":{"rendered":"Engine Capital Issues Open Letter to the Independent Directors of UniFirst Corporation"},"content":{"rendered":"

<\/p>\n

\nEngine Capital Issues Open Letter to the Independent Directors of UniFirst Corporation\n<\/p>\n

Calls on the Independent Directors to Form a Special Committee with its own Independent Legal and Financial Advisors given General Counsel Michael Patrick\u2019s Material Conflict<\/i><\/p>\n

Urges the Independent Directors to Collectively Resign if the Croatti Trustees Continue to Refuse a Value-Maximizing Sale of the Company<\/i><\/p>\n

Contends the Dual-Class Structure and Croatti Family\u2019s Control over UniFirst is a Textbook Example of How Poor Governance Destroys Shareholder Value<\/i><\/p>\n

Releases Investor Presentation and Launches Campaign Website at <\/i>www.SaveUniFirst.com<\/i><\/a><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nEngine Capital LP (together with its affiliates, \u201cEngine\u201d or \u201cwe\u201d), a top five independent common stock shareholder of UniFirst Corporation (NYSE: UNF) (\u201cUniFirst\u201d or the \u201cCompany\u201d) with ownership of approximately 3.2% of the Company\u2019s outstanding shares of common stock, today released an open letter to the Company\u2019s independent directors: Joseph M. Nowicki, Sergio A. Pupkin, Raymond C. Zemlin, Cecilia McKenney, and Michael Iandoli.\n<\/p>\n

\nThe full text of the letter can be accessed here<\/b><\/a>.\n<\/p>\n

\nEngine also released an investor presentation, which can be accessed here<\/b><\/a>.\n<\/p>\n

About Engine Capital<\/span><\/b><\/p>\n

\nEngine Capital LP is a value-oriented special situations fund that invests both actively and passively in companies undergoing change.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20251201295696\/en\/<\/a><\/span><\/p>\n

For Investors:
\n<\/b>
Saratoga Proxy Consulting LLC
\n
John Ferguson, (212) 257-1311
\n
jferguson@saratogaproxy.com<\/a><\/p>\n

For Media:
\n<\/b>
Longacre Square Partners
\n
Greg Marose \/ Bela Kirpalani, 646-386-0091
\n
gmarose@longacresquare.com<\/a> \/ bkirpalani@longacresquare.com<\/a><\/p>\n

KEYWORDS:<\/b> California United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Asset Management Professional Services Business Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Engine Capital Issues Open Letter to the Independent Directors of UniFirst Corporation Calls on the Independent Directors to Form a Special Committee with its own Independent Legal and Financial Advisors given General Counsel Michael Patrick\u2019s Material Conflict Urges the Independent Directors to Collectively Resign if the Croatti Trustees Continue to Refuse a Value-Maximizing Sale of the Company Contends the Dual-Class Structure and Croatti Family\u2019s Control over UniFirst is a Textbook Example of How Poor Governance Destroys Shareholder Value Releases Investor Presentation and Launches Campaign Website at www.SaveUniFirst.com NEW YORK–(BUSINESS WIRE)– Engine Capital LP (together with its affiliates, \u201cEngine\u201d or \u201cwe\u201d), a top five independent common stock shareholder of UniFirst Corporation (NYSE: UNF) (\u201cUniFirst\u201d or the \u201cCompany\u201d) with ownership of approximately … <\/p>\n

Continue reading “Engine Capital Issues Open Letter to the Independent Directors of UniFirst Corporation”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-914460","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nEngine Capital Issues Open Letter to the Independent Directors of UniFirst Corporation - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/engine-capital-issues-open-letter-to-the-independent-directors-of-unifirst-corporation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Engine Capital Issues Open Letter to the Independent Directors of UniFirst Corporation - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Engine Capital Issues Open Letter to the Independent Directors of UniFirst Corporation Calls on the Independent Directors to Form a Special Committee with its own Independent Legal and Financial Advisors given General Counsel Michael Patrick\u2019s Material Conflict Urges the Independent Directors to Collectively Resign if the Croatti Trustees Continue to Refuse a Value-Maximizing Sale of the Company Contends the Dual-Class Structure and Croatti Family\u2019s Control over UniFirst is a Textbook Example of How Poor Governance Destroys Shareholder Value Releases Investor Presentation and Launches Campaign Website at www.SaveUniFirst.com NEW YORK–(BUSINESS WIRE)– Engine Capital LP (together with its affiliates, \u201cEngine\u201d or \u201cwe\u201d), a top five independent common stock shareholder of UniFirst Corporation (NYSE: UNF) (\u201cUniFirst\u201d or the \u201cCompany\u201d) with ownership of approximately … Continue reading "Engine Capital Issues Open Letter to the Independent Directors of UniFirst Corporation"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/engine-capital-issues-open-letter-to-the-independent-directors-of-unifirst-corporation\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-12-01T12:04:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20251201295696r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/engine-capital-issues-open-letter-to-the-independent-directors-of-unifirst-corporation\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/engine-capital-issues-open-letter-to-the-independent-directors-of-unifirst-corporation\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Engine Capital Issues Open Letter to the Independent Directors of UniFirst Corporation\",\"datePublished\":\"2025-12-01T12:04:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/engine-capital-issues-open-letter-to-the-independent-directors-of-unifirst-corporation\\\/\"},\"wordCount\":272,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/engine-capital-issues-open-letter-to-the-independent-directors-of-unifirst-corporation\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20251201295696r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/engine-capital-issues-open-letter-to-the-independent-directors-of-unifirst-corporation\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/engine-capital-issues-open-letter-to-the-independent-directors-of-unifirst-corporation\\\/\",\"name\":\"Engine Capital Issues Open Letter to the Independent Directors of UniFirst Corporation - 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