<SEC-DOCUMENT>0001214659-24-016587.txt : 20240920
<SEC-HEADER>0001214659-24-016587.hdr.sgml : 20240920
<ACCEPTANCE-DATETIME>20240920134920
ACCESSION NUMBER:		0001214659-24-016587
CONFORMED SUBMISSION TYPE:	PX14A6G
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20240920
DATE AS OF CHANGE:		20240920
EFFECTIVENESS DATE:		20240920

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CINTAS CORP
		CENTRAL INDEX KEY:			0000723254
		STANDARD INDUSTRIAL CLASSIFICATION:	MEN'S & BOYS' FURNISHINGS, WORK CLOTHING, AND ALLIED GARMENTS [2320]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				311188630
		STATE OF INCORPORATION:			WA
		FISCAL YEAR END:			0531

	FILING VALUES:
		FORM TYPE:		PX14A6G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-11399
		FILM NUMBER:		241312825

	BUSINESS ADDRESS:	
		STREET 1:		6800 CINTAS BLVD
		STREET 2:		P O BOX 625737
		CITY:			CINCINNATI
		STATE:			OH
		ZIP:			45262
		BUSINESS PHONE:		5134591200

	MAIL ADDRESS:	
		STREET 1:		6800 CINTAS BOULEVARD
		STREET 2:		P O BOX 625737
		CITY:			CINCINNATI
		STATE:			OH
		ZIP:			45262

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AS YOU SOW
		CENTRAL INDEX KEY:			0001086462
		ORGANIZATION NAME:           	
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA

	FILING VALUES:
		FORM TYPE:		PX14A6G

	BUSINESS ADDRESS:	
		STREET 1:		2150 KITTREDGE ST.
		STREET 2:		SUITE 450
		CITY:			BERKELEY
		STATE:			CA
		ZIP:			94704
		BUSINESS PHONE:		510-735-8155

	MAIL ADDRESS:	
		STREET 1:		2150 KITTREDGE ST.
		STREET 2:		SUITE 450
		CITY:			BERKELEY
		STATE:			CA
		ZIP:			94704
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<FILENAME>g920241px14a6g.htm
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    <TD ROWSPAN="2" STYLE="white-space: nowrap; vertical-align: top; width: 10%"><IMG SRC="asyousowlogo.jpg" ALT=""><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 10%"><FONT STYLE="font-size: 8pt; color: #00813D"><B>Main Post Office, P.O. Box 751&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </B></FONT></TD>
    <TD STYLE="text-align: left; vertical-align: top; width: 80%; white-space: nowrap"><FONT STYLE="font-size: 8pt; color: #73C167"><B>www.asyousow.org</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 8pt; color: #00813D"><B>Berkeley, CA 94704</B></FONT></P>
                                    <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 8pt; color: #00813D"><B>&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
    <TD STYLE="white-space: nowrap"><FONT STYLE="font-size: 7.5pt; color: #73C167">BUILDING A SAFE, JUST, AND SUSTAINABLE WORLD SINCE 1992</FONT></TD></TR>
</TABLE>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">Notice of Exempt Solicitation Pursuant to Rule 14a-103</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">Name of the Registrant: Cintas Corp (CTAS)<BR>
Name of persons relying on exemption:&nbsp;As You Sow&reg;<BR>
Address of persons relying on exemption: Main Post Office, P.O. Box 751, Berkeley, CA 94704</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">Written materials are submitted pursuant to Rule 14a-6(g)(1) promulgated under the
Securities Exchange Act of 1934.&nbsp;Submission is not required of this filer under the terms of the Rule, but is made voluntarily in
the interest of public disclosure and consideration of these important issues.</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 13pt Times New Roman; margin: 0pt 0; text-indent: 9pt; background-color: #B8CCE4">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 16pt Times New Roman; margin: 0pt 0; text-align: center">Cintas Corp (CTAS)<BR>
Vote Yes: Item #5 &ndash; Disclosure Of</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 16pt Times New Roman; margin: 0pt 0; text-align: center">Material Corporate Diversity, Equity, And Inclusion Data</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 12pt Times New Roman; margin: 0pt 0; text-align: center"><B>Annual Meeting: October 29, 2024 </B></P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 12pt Times New Roman; margin: 0pt 0; text-align: center">CONTACT: Meredith Benton | benton@asyousow.org</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 13pt Times New Roman; margin: 0pt 0; text-indent: 9pt; background-color: #B8CCE4">THE RESOLUTION</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0"><B>Resolved:</B> Shareholders request that Cintas Corp (Cintas) report to shareholders
on the effectiveness of the Company's diversity, equity, and inclusion efforts. The report should be done at reasonable expense, exclude
proprietary information, and provide transparency on outcomes, using quantitative metrics for workforce diversity, hiring, promotion,
and retention of employees, including data by gender, race, and ethnicity.</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0; color: #231F20"><B>Supporting Statement: </B>Quantitative data is sought so that
investors can assess and compare the effectiveness of companies&rsquo; diversity, equity, and inclusion programs. It is advised that this
content be provided through Cintas&rsquo;s existing sustainability reporting infrastructure. An independent report specific to this topic
is not requested.</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0; color: #231F20">&nbsp;</P>

<P STYLE="font: bold 13pt Times New Roman; margin: 0pt 0; text-indent: 9pt; background-color: #B8CCE4">RATIONALE FOR A YES VOTE</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>1.</B></TD><TD><B>Well managed diversity, equity, and inclusion programs ensure meritocratic workplaces.</B></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>2.</B></TD><TD><B>Corporate policies that allow harassment and discrimination undermine business success.</B></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>3.</B></TD><TD><B>Cintas&rsquo; reporting significantly lags established practice.</B></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>4.</B></TD><TD><B>Cintas has not demonstrated that this material topic area is being well managed by the company.</B></TD></TR></TABLE>
<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

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    <TD STYLE="white-space: nowrap; width: 10%"><IMG SRC="asyousowlogo.jpg" ALT=""><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD STYLE="white-space: nowrap; width: 90%"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 9pt; color: rgb(0,129,61)"><B>2024
Proxy Memo</B></FONT></P>
                                                <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: #00813B"><FONT STYLE="font-size: 10pt; color: #00813D"><B></B></FONT><FONT STYLE="font-weight: normal">Cintas Corp| Disclosure Of Material Corporate Diversity, Equity, And Inclusion Data</FONT></P>
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<P STYLE="font: bold 13pt Times New Roman; margin: 0pt 0; text-indent: 9pt; background-color: #B8CCE4">DISCUSSION</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>1.</B></TD><TD><B>Well managed diversity, equity, and inclusion programs ensure meritocratic workplaces.</B></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">Effective diversity, equity, and inclusion (DEI) programs do not hire or promote
employees because of their race, gender, or other diversity characteristics. Rather, well-implemented DEI strategies ensure that an employee&rsquo;s
diversity characteristics do not prevent them from reaching career milestones. A strong and effective DEI program provides an equal playing
field for all employees, regardless of diversity characteristic (such as race, gender, sexual orientation, or historical family wealth).
It does not advantage one group over another.&nbsp;</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">The results of a well-run DEI program are identical to the goals of a meritocracy.
The US Supreme Court&rsquo;s June 2023 decision striking down affirmative action in university admissions did not, in any way, diminish
companies&rsquo; legal ability, responsibility, or economic incentive to have workplaces free of harassment and discrimination.</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>2.</B></TD><TD><B>Corporate policies that allow harassment and discrimination undermine business success</B>.</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">Researchers have identified additional benefits of diverse and inclusive teams, including:
access to top talent, a better understanding of consumer preferences, a stronger mix of leadership skills, informed strategy discussions,
and improved risk management. Diversity and the different perspectives it encourages has also been shown to encourage more creative and
innovative workplace environments.<SUP>1</SUP></P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">In contrast, companies where harassment and discrimination exist may experience reduced
employee morale and productivity, increased absenteeism, challenges in attracting talent, and difficulties in retaining talent. Employees
directly experiencing workplace discrimination are also more likely to experience anxiety and depression, potentially hindering their
ability to contribute to the workplace.<SUP>2</SUP>&nbsp;The implications of a non-inclusive workplace go beyond directly impacted employees;
in a Deloitte study, 80 percent of surveyed full-time employees said that inclusion was an important factor in their employer choice,
and 72 percent said that they would consider leaving an employer for a more inclusive work environment.<SUP>3</SUP>&nbsp;Additionally,
the 2021 Workforce Happiness Index found that 78 percent of workers want employers that value DEI.<SUP>4</SUP></P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">Extensive research has indicated that investors benefit from companies with greater
management diversity. This includes:</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>BCG found that innovation revenue was 19 percent higher in companies with above-average leadership diversity. In addition, companies
with above-average diversity had EBIT margins nine percentage points higher.<SUP>5</SUP></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Credit
Suisse, in a study of over 3,000 companies, found that companies with women representing more than 20 percent of managers have had greater
share price increases over the past decade than those companies with lower representations of women in management.<SUP>6</SUP></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">_____________________________</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0"><SUP>1</SUP> https://images.forbes.com/forbesinsights/StudyPDFs/Innovation_Through_Diversity.pdf</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0"><SUP>2</SUP> https://www.apa.org/news/press/releases/stress/2015/impact</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0"><SUP>3</SUP> https://www2.deloitte.com/content/dam/Deloitte/us/Documents/about-deloitte/us-about-deloitte-inclusion-survey.pdf</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0"><SUP>4</SUP> https://www.cnbc.com/2021/04/30/cnbc-and-surveymonkey-release-latest-workforce-happiness-survey.html</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0"><SUP>5</SUP> https://www.bcg.com/en-us/publications/2018/how-diverse-leadership-teams-boost-innovation.aspx</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0"><SUP>6</SUP> https://www.americanbanker.com/diversity-&amp;-inclusion-yields-strongest-returns</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

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    <TD STYLE="white-space: nowrap; width: 10%"><IMG SRC="asyousowlogo.jpg" ALT=""><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD STYLE="white-space: nowrap; width: 90%"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 9pt; color: rgb(0,129,61)"><B>2024
Proxy Memo</B></FONT></P>
                                                <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: #00813B"><FONT STYLE="font-size: 10pt; color: #00813D"><B></B></FONT><FONT STYLE="font-weight: normal">Cintas Corp| Disclosure Of Material Corporate Diversity, Equity, And Inclusion Data</FONT></P>
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<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>A study of the S&amp;P 500 by the Wall Street Journal found that the 20 most diverse companies had an average annual five-year stock
return that was 6.0 percent higher than the 20 least-diverse companies.<SUP>7</SUP></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Stanford Graduate School of Business researchers found that share prices increased when companies reported better than anticipated
gender diversity. This was particularly true when a company had better diversity than the industry leader.<SUP>8</SUP></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Research conducted by the World Economic Forum shows that companies with above-average diversity scores drive 45 percent of average
revenue from innovation, while companies with below-average diversity scores drive only 26 percent.<SUP>9</SUP></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>According to Gartner research, 75 percent of organizations with frontline decision-making teams reflecting a diverse and inclusive
culture will exceed their financial targets.<SUP>10</SUP></TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Research from <I>As You Sow</I> and Whistle Stop Capital reviewed the workforce diversity of 1,641 companies between 2016-2021. Linear
regression found statistically significant positive correlations between increased manager diversity and enterprise value growth rate,
free cash flow, income after tax, return on equity, return on invested capital, and 10-year revenue growth, among other indicators.<SUP>11</SUP></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Multiple McKinsey studies have consistently found that companies with higher percentages of gender, race and ethnic diversity in corporate
leadership have a greater likelihood of outperforming peers on profitability. This includes a 39% greater likelihood of outperformance
for companies in the top quartile for gender or ethnic representation on their executive teams, versus those in the bottom quartile.<SUP>12</SUP></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">Given these benefits, investors are incentivized to ensure that the companies they
hold are proactive and intentional in addressing their workplace diversity and inclusion programs. Cintas&rsquo; lack of transparent diversity
and inclusion metrics undermines investors&rsquo; ability to assess and benchmark the Company&rsquo;s corporate commitment to a diverse
and inclusive workplace.</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">Unfortunately, a number of studies have also shown that Black and female employees,
among others, face significant barriers in recruitment, hiring,<SUP>13</SUP> and promotion.<SUP>14</SUP></P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">However, as noted by detractors of DEI programs, corporate initiatives intended
to ensure workplace meritocracy vary in quality. Companies need to be intentional in ensuring that negative stereotypes against gender,
race or other diversity characteristics do not harm their workplace; and investors must have the data needed to monitor their effectiveness
in doing so. Quantitative data on program outcomes is needed.</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">_____________________________</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0"><SUP>7</SUP> https://www.wsj.com/articles/the-business-case-for-more-diversity-11572091200</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0"><SUP>8</SUP> https://www.bloomberg.com/news/articles/2019-09-17/when-companies-improve-their-diversity-stock-prices-get-a-boost</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0"><SUP>9</SUP> https://online.uncp.edu/articles/mba/diversity-and-inclusion-good-for-business.aspx</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0"><SUP>10</SUP> https://online.uncp.edu/articles/mba/diversity-and-inclusion-good-for-business.aspx</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0"><SUP>11</SUP> https://www.asyousow.org/report-page/2023-positive-relationships-linking-workforce-diversity-and-financial-performance</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0"><SUP>12</SUP> https://www.mckinsey.com/featured-insights/diversity-and-inclusion/diversity-matters-even-more-the-case-for-holistic-impact</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0"><SUP>13</SUP> https://www.bloomberg.com/opinion/features/2024-07-29/white-men-the-most-likely-to-get-hired-even-with-dei-finds-research</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0"><SUP>14</SUP> https://mitsloan.mit.edu/ideas-made-to-matter/women-are-less-likely-men-to-be-promoted-heres-one-reason-why</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
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    <TD STYLE="white-space: nowrap; width: 10%"><IMG SRC="asyousowlogo.jpg" ALT=""><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD STYLE="white-space: nowrap; width: 90%"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 9pt; color: rgb(0,129,61)"><B>2024
Proxy Memo</B></FONT></P>
                                                <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: #00813B"><FONT STYLE="font-size: 10pt; color: #00813D"><B></B></FONT><FONT STYLE="font-weight: normal">Cintas Corp| Disclosure Of Material Corporate Diversity, Equity, And Inclusion Data</FONT></P>
                                                </TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>3.</B></TD><TD><B>Cintas&rsquo; reporting significantly lags established practice.</B></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">Cintas lags other companies in the disclosure and transparency it provides to investors
on the effectiveness of its diversity and inclusion programs. The Company does not currently make public its EEO-1 report, which details
the diversity of a company&rsquo;s workforce, and has stated that it has chosen not to align its data with EEO-1 reporting requirements.<SUP>15</SUP></P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">As of the date of the filing of this proposal, Cintas had also not yet released sufficient
hiring, retention, or promotion data &ndash; referred to as the inclusion factors - to allow investors to determine the effectiveness
of its diversity and inclusion programs. Inclusion factors are important in assessing whether the Company will be able to successfully
build, utilize, and maintain effective management teams.</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">More than eighty percent of the S&amp;P 500 and almost half of the Russell 1000 have
released, or have committed to release, their consolidated EEO-1 forms, a best practice in diversity data reporting. There was a seventy-six
percent increase in the disclosure of these indicators by Russell 1000 companies in the last two years.</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">Between January 2022 and January 2024, the number of Russell 1000 companies releasing
hiring rate data by gender, race, and ethnicity increased by 69 percent, companies releasing retention rate data increased by 51 percent,
and companies releasing promotion rate data increased by 151 percent.<SUP>2</SUP>&nbsp;Below are examples of inclusion factor data that
Cintas&rsquo; peers are disclosing, or have committed to disclose, as of August 23, 2024:</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>97 percent of the S&amp;P 100 release their EEO-1, as do 42 percent of the Russell 1000.</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>53 percent of the S&amp;P 100 release, or have committed to release, at least one hiring statistic related to gender.</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>39 percent of the S&amp;P 100 release or have committed to release, at least one hiring statistic related to race/ethnicity.</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>30 percent of the S&amp;P 100 release or have committed to release, at least one promotion statistic related to gender.</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>23 percent of the S&amp;P 100 release or have committed to release, at least one promotion statistic related to race/ethnicity.</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>25 percent of the S&amp;P 100 release or have committed to release, at least one retention or turnover statistic related to gender.</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>25 percent of the S&amp;P 100 release or have committed to release, at least one retention or turnover statistic related to race/ethnicity.</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">Companies that release more diversity and inclusion data than Cintas include, but
are not limited to:</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0 0pt 0.5in">American Electric Power Co Inc, Baxter International Inc, Cardinal Health
Inc, Charter Communications Inc, Eastman Chemical Co, Ford Motor Co, General Dynamics Corp, Honeywell International Inc, McDonald's Corp,
Procter &amp; Gamble, RTX Corp, Simon Property Group Inc, Target Corp, Union Pacific Corp, UnitedHealth Group Inc, and Victoria's Secret
&amp; Co.</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">_____________________________</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0"><SUP>15</SUP> https://cintas.widen.net/view/pdf/nvi2tgy9ad/Cintas_2023_Sustainability_Report_011824.pdf?u=zfbcz7</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="white-space: nowrap; width: 10%"><IMG SRC="asyousowlogo.jpg" ALT=""><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD STYLE="white-space: nowrap; width: 90%"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 9pt; color: rgb(0,129,61)"><B>2024
Proxy Memo</B></FONT></P>
                                                <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: #00813B"><FONT STYLE="font-size: 10pt; color: #00813D"><B></B></FONT><FONT STYLE="font-weight: normal">Cintas Corp| Disclosure Of Material Corporate Diversity, Equity, And Inclusion Data</FONT></P>
                                                </TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">This places Cintas behind other companies in their workplace equity data disclosure.
It is increasingly a laggard as companies commit to releasing more complete data.</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>4.</B></TD><TD><B>Cintas has not demonstrated that this material topic area is being well managed by the company.</B></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">In opposition to this proposal, Cintas Board states that &ldquo;&hellip;the adoption
of this proposal is not necessary,&rdquo; and claims to &ldquo;&hellip;employ strong DEI practices in our hiring, advancement, training,
education and communication efforts.&rdquo; However, the data to support this claim is not provided.</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">A lack of disclosure may indicate that the Company either does not track its hiring,
promotion, or retention rates or that it believes that sharing the data might negatively impact stakeholders&rsquo; perceptions of its
stock.</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">There are reasons for investors to be concerned that diversity and inclusion initiatives
at Cintas are insufficiently effective. Cintas settled a pay bias lawsuit after it was found that the Company &ldquo;had underpaid female
production workers at a Philadelphia location by regularly assigning them to the lowest-paying jobs.&rdquo;<SUP>16</SUP>&nbsp;The Company
has also been involved in other employment-related lawsuits, such as discrimination claims brought by the Office of Federal Contract Compliance
Programs (OFCCP). The OFCCP alleged that Cintas discriminated against male and Black applicants for certain positions, had pay discrimination
against female production workers, and discriminated against diverse applicants for sales positions. <SUP>17</SUP></P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">Cintas, to be credible with investors and other external stakeholders, needs to show
that its belief that &ldquo;Bringing together employee-partners with different perspectives, life experiences and backgrounds benefits
everyone,&rdquo; is not puffery by allowing external parties to review the data demonstrating the effectiveness of its workplace programs
to ensure fair and equitable treatment of the organization&rsquo;s diverse employees and their experiences.<SUP>18</SUP></P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 13pt Times New Roman; margin: 0pt 0; text-indent: 9pt; background-color: #B8CCE4">CONCLUSION</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0"><B>Vote &ldquo;Yes&rdquo; on this Shareholder Proposal #5.</B></P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0"><B><I>--</I></B></P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0"><I>For questions, please contact Meredith Benton, As You Sow, benton@asyousow.org</I></P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">_____________________________</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0"><SUP>16</SUP> https://news.bloomberglaw.com/daily-labor-report/federal-contractor-cintas-corp-settles-pay-bias-action</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0"><SUP>17</SUP> https://www.hrdive.com/news/cintas-pays-424k-after-allegedly-refusing-to-hire-men/562829/</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0"><SUP>18</SUP> https://cintas.widen.net/view/pdf/nvi2tgy9ad/Cintas_2023_Sustainability_Report_011824.pdf?u=zfbcz7</P>

<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 11pt Times New Roman; margin: 0pt 0">THE FOREGOING INFORMATION MAY BE DISSEMINATED TO SHAREHOLDERS VIA TELEPHONE, U.S.
MAIL, E-MAIL, CERTAIN WEBSITES AND CERTAIN SOCIAL MEDIA VENUES, AND SHOULD NOT BE CONSTRUED AS INVESTMENT ADVICE OR AS A SOLICITATION
OF AUTHORITY TO VOTE YOUR PROXY. THE COST OF DISSEMINATING THE FOREGOING INFORMATION TO SHAREHOLDERS IS BEING BORNE ENTIRELY BY ONE OR
MORE OF THE CO-FILERS. PROXY CARDS WILL NOT BE ACCEPTED BY ANY CO-FILER. PLEASE DO NOT SEND YOUR PROXY TO ANY CO-FILER. TO VOTE YOUR PROXY,
PLEASE FOLLOW THE INSTRUCTIONS ON YOUR PROXY CARD<I>.</I></P>


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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
