UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT
OF 1934
Date of Report (Date of
earliest event reported)
March 8, 2006
UNIFIRST CORPORATION
(Exact
Name of Registrant as Specified in Charter)
| Massachusetts |
1-8504 |
04-2103460 |
| (State or Other Jurisdiction of Incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
68 Jonspin Road,
Wilmington, Massachusetts 01887
(Address of Principal Executive
Offices) (Zip Code)
Registrant’s telephone number, including area code: (978) 658-8888
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 |
Written communications
pursuant to Rule 425 under the Securities Act |
| |
Soliciting material
pursuant to Rule 14a-12 under the Exchange Act |
| |
Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act |
| |
Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act |
Item 1.01 Entry into a Material Definitive Agreement
On March 8, 2006, UniFirst Corporation (the “Company”) restated the UniFirst Corporation Unfunded Supplemental Executive Retirement Plan (the “SERP”) pursuant to authorization of the Compensation Committee of the Board of Directors. The restatement was meant to bring the SERP into compliance with Internal Revenue Code Section 409A, to provide an increased retirement benefit, and to make other changes. The normal retirement date is the first day of the month in which a participant may retire and receive unreduced social security benefits. A retiree with at least thirty years of service will receive a lifetime pension, with twelve years guaranteed in the event of early death, equal to forty percent of final three year average base compensation, reduced by one hundred percent of primary social security benefits. Benefits are also paid in the event of permanent disability, death, or a change in control as defined in the SERP.
Item 9.01 Financial Statements and Exhibits.
Exhibits The following exhibit is furnished herewith:
The UniFirst Corporation Unfunded Supplemental Executive Retirement Plan
| EXHIBIT NO. |
DESCRIPTION |
|---|---|
| 99.2Q | The UniFirst Corporation Unfunded Supplemental Executive Retirement Plan |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
UNIFIRST CORPORATION
| Date: March 8, 2006 | By: /s/ Ronald D. Croatti Name: Ronald D. Croatti Title: Chairman of the Board, Chief Executive Officer and President |
| By: /s/ John B. Bartlett Name: John B. Bartlett Title: Senior Vice President and Chief Financial Officer |
EXHIBIT INDEX
| EXHIBIT NO. |
DESCRIPTION |
|---|---|
| 99.2Q | The UniFirst Corporation Unfunded Supplemental Executive Retirement Plan |