信达思 2024年度报告

FORM10-K ☑ANNUAL REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934For the fiscal year endedMay 31, 2025☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 31-1188630 Securities registered pursuant to Section12(g) of the Act: None Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities Act.Yes☑No☐ Indicate by check mark if the Registrant is not required to file reports pursuant to Section13 or Section15(d) of the Act.Yes☐No☑ Indicate by check mark whether the Registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12months (or for such shorter period that the Registrant was required to file such reports) and (2)has been subject to such filing requirements for thepast 90days.Yes☑No☐ Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 ofRegulationS-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that the Registrant was required to submit such files).Yes☑No☐ Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerginggrowth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule12b-2 ofthe Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control overfinancial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C.762(b)) by the registered public accounting firm that prepared or issued is auditreport.☑ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflectthe correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by anyof the registrant's executive officers during the relevant recovery period pursuant to § 240.10D-1(b)☐ Indicate by check mark whether the Registrant is a shell company (as defined in Rule12b-2 of the Act).Yes☐No☑ The aggregate market value of the Registrant's Common Stock held by non-affiliates as of November30, 2024, was $91,105,318,714based on a closing saleprice of $225.79 per share. As of June30, 2025, 777,000,840 shares of the Registrant's Common Stock were issued, and402,977,926shares were outstanding.Documents Incorporated by Reference Portions of the Registrant's Proxy Statement to be filed with the Commission for its 2025 Annual Meeting of Shareholders are incorporated by reference inPartIIIof this Form10-K. Cintas CorporationIndex to Annual Report on Form10-K PartI Item1.BusinessItem1A.Risk FactorsItem1B.Unresolved Staff CommentsItem1C.CybersecurityItem2.PropertiesItem3.Legal ProceedingsItem4.Mine Safety Disclosures PartII Item5.Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of EquitySecurities17Item6.[Reserved]18Item7.Management's Discussion and Analysis of Financial Condition and Results of Operations19Item7A.Quantitative and Qualitative Disclosures About Market Risk29Item8.Financial Statements and Supplementary Data30Item9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure63Item9A.Controls and Procedures63Item9B.Other Information63Item9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections63 PartIII Item10.Directors, Executive Officers and Corporate Governance64Item11.Executive Compensation64Item12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters64Item13.Certain Relationships and Related Transactions, and Director Independence64Item14.Principal Accountant Fees and Services64 PartIV Item15.Exhibits and Financial Statement Schedules65Item16.Form 10-K Summary67 PartI Item1.Business Overview Cintas Corporation (Cintas, Company, we, us or our), a Washington corporation, helps more than one million businesses of alltypes and sizes, primarily in the United States (U.S.), as well as Canada and Latin America, getREADY™to open their doors withconfidence every day by providing a wide range of products and services that enhance our customers’ image and help keep theirfacilities and employees clean, safe and looking their best.With products and services including