15 unchanged sentences
We also offer non-garment items and services, such as industrial wiping products, floor mats, dry and wet mops, restroom and cleaning supplies and other textile products.
+Added: We also sell first aid cabinet services and other safety supplies, provide certain safety training and maintain wholesale distribution and pill packaging operations.
We offer our customers a range of garment service options, including full-service rental programs in which garments are cleaned and serviced by us, lease programs in which garments are cleaned and maintained by individual employees and purchase programs to buy garments and related items directly.
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The operating results for any historical quarter are not necessarily indicative of the results to be expected for an entire fiscal year or any other interim periods.
−Removed: We serve businesses of all sizes in numerous industry categories.
+Added: We serve businesses of all sizes in virtually all industry categories.
During each of the past three years, no single customer in our Core Laundry Operations segment accounted for more than 10% of our revenues.
−Removed: Our typical customers include automobile service centers and dealers, delivery services, food and general merchandise retailers, light manufacturers, maintenance facilities, restaurants, and food-related businesses, service providers, soft and durable goods wholesalers, transportation companies, energy producing operations, healthcare providers and others who require employee clothing for image, identification, protection and/ or utility purposes.
+Added: Our typical customers include automobile service centers and dealers, delivery services, food and general merchandise retailers, manufacturers, maintenance facilities, restaurants and food-related businesses, business service providers, soft and durable goods wholesalers, transportation companies, energy producing operations, healthcare providers and others who require employee clothing on the job for image, identification, protection and/or utility purposes.
Among our largest customers of our conventional uniform rental business are divisions, units, regional operations or franchised agencies of major, nationally recognized organizations.
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In addition to our traditional rental competitors, we may increasingly compete in the future with businesses that focus on selling uniforms and other related items.
−Removed: We also compete with industry competitors for acquisitions.
+Added: We also compete with industry competitors for business acquisitions.
MANUFACTURING AND SOURCING
−Removed: We manufactured approximately 66% of all garments which we placed in service during fiscal 2020.
+Added: We manufactured approximately 61% of all garments we placed in service during fiscal 2021.
These garments were primarily work pants and shirts manufactured at three of our plants located in San Luis Potosi, Mexico, one plant located in Managua, Nicaragua, as well as at subcontract manufacturers that we utilize to supplement our manufacturing capacity in periods of high demand.
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Currently, we also manufacture approximately 98% of the mats we place in service at our plant in Cave City, Arkansas.
+Added: HUMAN CAPITAL
As of August 28, 2021, we employed approximately 14,000 persons, and approximately 1% of our United States employees are represented by a union pursuant to a collective bargaining agreement.
We consider our employee relations to be good.
+Added: Our success depends on our employee team partners.
+Added: As a result, we strive to recruit, develop and retain talented team partners.
+Added: We provide training to our team partners along with opportunities to advance.
+Added: For example, our leadership development program provides leadership education, operational knowledge and hands-on business experience within the industrial laundry and facilities services industry and is designed to develop our future managers.
+Added: We also seek to promote a family culture and a culture of diversity and inclusion.
+Added: We believe that promoting diversity and inclusion in our workforce is critical to our success and to the service of our customers.
+Added: In addition, we focus on the safety and well-being of our team partners.
+Added: We provide safety training and personal protective equipment, which has been particularly important during the COVID-19 pandemic.
+Added: We also provide our team partners with competitive healthcare, wellness and other benefits.
EXECUTIVE OFFICERS
2 unchanged sentences
Shane O’Connor
−Removed: Senior Vice President and Chief Financial Officer
+Added: Executive Vice President and Chief Financial Officer
Cynthia Croatti
−Removed: Executive Vice President and Treasurer
−Removed: Senior Vice President, Operations
−Removed: Senior Vice President, Sales and Marketing
−Removed: Senior Vice President, Operations
−Removed: Senior Vice President, Operations
+Added: Executive Vice President
+Added: Executive Vice President, Operations
+Added: Executive Vice President, Sales and Marketing
+Added: Executive Vice President, Operations
+Added: Executive Vice President, Operations
The principal occupation and positions for the past five years of our executive officers named above are as follows:
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Shane O’Connor joined our Company in 2005.
−Removed: O’Connor is a Senior Vice President and our Chief Financial Officer.
+Added: O’Connor is a n Executive Vice President and our Chief Financial Officer.
He has had primary responsibility for overseeing the financial functions of our Company , as well as our information systems department , since January 2018.
O’Connor previously served as our Corporate Controller from 2009 to 2016.
−Removed: In 2016, he left the Company to take the role of Senior Vice President and Chief Financial Officer at Unidine Corporation, a leader in dining management services, and he then rejoined our Company in January 2018.
+Added: In 2016, he left the Company to take the role of Senior Vice President and Chief Financial Officer at Unidine Corporation, a managed dining services company , and he then rejoined our Company in January 2018.
Cynthia Croatti joined our Company in 1980.
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DiFillippo joined our Company in 1979.
−Removed: DiFillippo is a Senior Vice President, Operations and has had primary responsibility for overseeing the operations of certain regions in the United States and Canada since 2002.
+Added: DiFillippo is an Executive Vice President, Operations and has had primary responsibility for overseeing the operations of certain regions in the United States and Canada since 2002.
From 2000 through 2002, Mr.
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Katz joined our Company in 2009.
−Removed: Katz is a Senior Vice President and has had primary responsibility for overseeing the sales and marketing functions since joining our Company.
+Added: Katz is an Executive Vice President and has had primary responsibility for overseeing the sales and marketing functions since joining our Company.
Prior to joining our Company, Mr.
1 unchanged sentence
Croatti joined our Company in 1987.
−Removed: Croatti is a Senior Vice President, Operations and has had primary responsibility for overseeing specified regions in the United States and the Company’s overall service operations since 2015.
+Added: Croatti is an Executive Vice President, Operations and has had primary responsibility for overseeing specified regions in the United States and the Company’s overall service operations since 2015.
From 2012 through 2015, he served as Senior Vice President, Service;
3 unchanged sentences
Ross joined our Company in 1989.
−Removed: Ross is a Senior Vice President, Operations and has had primary responsibility for overseeing specified regions in the United States since 2016.
+Added: Ross is an Executive Vice President, Operations and has had primary responsibility for overseeing specified regions in the United States since 2016.
From 2002 to 2016, Mr.
2 unchanged sentences
Ross held several sales and operations management positions at the Company.
−Removed: ENVIRONMENTAL MATTERS
+Added: GOVERNMENT REGULATIONS
We, like our competitors, are subject to various federal, state and local laws and regulations governing, among other things, air emissions, wastewater discharges, and the generation, handling, storage, transportation, treatment and disposal of hazardous wastes and other substances.
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We continue to address environmental conditions under terms of consent orders negotiated with the applicable environmental authorities or otherwise with respect to certain sites.
−Removed: For additional discussion refer to “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the risk factors set forth in this Annual Report on Form 10-K.
+Added: We routinely review and evaluate sites that may require remediation and monitoring and determine our estimated costs based on various estimates and assumptions.
+Added: For a discussion of our accruals with respect to environmental liabilities and additional discussion regarding environmental matters, refer to “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in this Annual Report on Form 10-K.
+Added: Refer also to the risk factors set forth in this Annual Report on Form 10-K for additional information regarding environmental matters.
Our nuclear garment decontamination facilities in the United States are licensed by the Nuclear Regulatory Commission, or in certain cases, by the applicable state agency, and are subject to regulation by federal, state and local authorities.
4 unchanged sentences
AVAILABLE INFORMATION
−Removed: We make available free of charge our Proxy Statement, Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, including exhibits and any amendments to those reports, as soon as reasonably practicable after we electronically file such material with, or furnish it to, the Securities and Exchange Commission.
+Added: We make available free of charge our Proxy Statement, Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, including exhibits and any amendments to those reports, as soon as reasonably practicable after we electronically file such material with, or furnish it to, the Securities and Exchange Commission (the “SEC”).
These reports are available on our website at www.unifirst.com .
1 unchanged sentence
Information included on our website is not deemed to be incorporated into this Annual Report on Form 10-K or the documents incorporated by reference into this Annual Report on Form 10-K.
+Added: In addition, the SEC maintains an internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC, and you may access any materials we file with the SEC through the SEC’s website at www.sec.gov.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.