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Pay vs Performance Disclosure - USD ($)

12 Months Ended

Aug. 26, 2023

Aug. 27, 2022

Aug. 28, 2021

Pay versus Performance

Under rules adopted pursuant to the Section 953(a) of the Dodd-Frank Act, and Item 402(v) of Regulation S-K, we are required to disclose certain information about the relationship between the compensation actually paid to our named executive officers and certain measures of Company financial performance. The information that follows is provided in compliance with these rules, however, additional information regarding our compensation philosophy, the structure of our performance-based compensation programs, and compensation decisions made for fiscal 2023 is described above in our “Compensation Discussion and Analysis.”

The following table summarizes total compensation paid to our principal executive officer (“PEO”) as set forth in our Summary Compensation Table, compensation actually paid to our PEO, average compensation paid to our non-PEO named executive officers as set forth in our Summary Compensation Table, and average compensation actually paid to our non-PEO named executive officers, each as calculated in accordance with SEC rules, and certain Company and peer group performance measures for the Company fiscal periods indicated:


									Value of Initial Fixed $100 Investment Based On:
Year	Summary Compensation Table Total for PEO		Compensation Actually Paid to PEO(1)(2)		Average Summary Compensation Table Total for Non-PEO Named Executive Officers		Average Compensation Actually Paid to Non-PEO Named Executive Officers(3)(4)		Total Shareholder Return(5)		Peer Group Total Shareholder Return(6)		Net Income (in millions)		Company- Selected Measure: Adjusted Revenue (in millions)(7)		Supplemental Company- Selected Measure: Adjusted Operating Income (in millions)(8)
2023		3,435,556	$	3,157,753		1,128,676	$	1,062,630	$	93.05	$	141.31	$	103.8	$	2,190.1	$	170.6
2022		3,312,016	$	1,845,414		895,658	$	514,823	$	94.60	$	116.88	$	103.4	$	2,000.8	$	166.7
2021		3,276,334	$	3,665,751		1,004,122	$	1,350,557	$	119.48	$	117.50	$	151.1	$	1,826.2	$	195.8

(1)

The PEO’s “compensation actually paid” is reconciled in the following table in accordance with Item 402(v) of Regulation S-K:


	2023			2022			2021

Summary Compensation Table Value	$	3,435,556		$	3,312,016		$	3,276,334

Subtract change in the actuarial present value of pension benefits as reported in the Summary Compensation Table for each applicable year		-			-			(169,979	)
Subtract grant date fair value of equity awards as reported in the Summary Compensation Table for each applicable year		(1,599,847	)		(1,850,599	)		(1,730,230	)
Add Pension value attributable to current year’s service and any change in pension value attributable to plan amendments made in the current year		125,489			160,255			193,446
Add fair value of equity compensation granted and vested in current year—value on vesting date		-			-			-
Add fair value of equity compensation granted in current year—value at end of year-end		1,418,747			904,998			1,983,077
Add change as of the vesting date in fair value of awards from prior years that vested in the covered fiscal year		32,738			50,174			(502,705	)
Add change in fair value of outstanding unvested awards from prior years that were outstanding as of the end of the covered fiscal year		(254,931	)		(731,430	)		615,807
Compensation Actually Paid	$	3,157,753		$	1,845,414		$	3,665,751

(2)

Steven S. Sintros was PEO for each of the fiscal years 2023, 2022 and 2021.

(3)

The average non-PEO named executive officers’ “compensation actually paid” is reconciled in the following table in accordance with Item 402(v) of Regulation S-K:


	2023			2022			2021

Summary Compensation Table Value	$	1,128,676		$	895,658		$	1,004,122

Subtract change in the actuarial present value of pension benefits as reported in the Summary Compensation Table for each applicable year		(1,832	)		-			(92,006	)
Subtract grant date fair value of equity awards as reported in the Summary Compensation Table for each applicable year		(500,314	)		(350,195	)		(273,923	)
Add Pension value attributable to current year’s service and any change in pension value attributable to plan amendments made in the current year		46,316			62,251			72,991
Add fair value of equity compensation granted and vested in current year—value on vesting date		-			-			-
Add fair value of equity compensation granted in current year—value at end of year-end		444,800			315,489			425,776
Add change as of the vesting date in fair value of awards from prior years that vested in the covered fiscal year		5,707			(678,153	)		(94,745	)
Add change in fair value of outstanding unvested awards from prior years that were outstanding as of the end of the covered fiscal year		(60,723	)		269,774			308,341
Compensation Actually Paid	$	1,062,630		$	514,823		$	1,350,557

(4)

The following non-PEO named executives officers are included in the calculations above:

2023: Shane O’Connor, David Katz, David DiFillippo, William Ross and Michael Croatti

2022: Shane O’Connor, David Katz, David DiFillippo, William Ross and Michael Croatti

2021: Shane O’Connor, David Katz, David DiFillippo and Cynthia Croatti

(5)

Cumulative total shareholder return (“TSR”) is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between the Company’s share price at the end and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period.

(6)

Represents the weighted peer group TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The peer group used for this purpose is the group of three comparison companies used for the stock performance graph on page 19 of our Annual Report on Form 10-K for the fiscal year ended August 26, 2023 (Cintas Corporation, Rollins, Inc. and Aramark).

(7)

The Company has identified adjusted revenue as the Company-selected measure for the pay versus performance disclosure, as it represents the most important financial performance measure used to link compensation actually paid to the PEO and the non-PEO named executive officers in fiscal 2023 to the Company’s performance. See “Compensation Discussion and Analysis – Annual Cash Incentive Bonuses – Named Executive Officers – CEO Bonus Plan” for a description of our adjusted revenues for fiscal 2023.

(8)

The Company has also selected adjusted operating income as a supplemental Company-selected measure because adjusted operating income is weighted equally with adjusted revenue under our CEO Bonus Plan, executive bonus plan and performance-based restricted stock unit awards. See “Compensation Discussion and Analysis – Annual Cash Incentive Bonuses – Named Executive Officers – CEO Bonus Plan” for a description of our adjusted operating income for fiscal 2023.

Company Selected Measure Name

adjusted revenue

Named Executive Officers, Footnote

(4)

The following non-PEO named executives officers are included in the calculations above:

2023: Shane O’Connor, David Katz, David DiFillippo, William Ross and Michael Croatti

2022: Shane O’Connor, David Katz, David DiFillippo, William Ross and Michael Croatti

2021: Shane O’Connor, David Katz, David DiFillippo and Cynthia Croatti

Peer Group Issuers, Footnote

(6)

PEO Total Compensation Amount

$ 3,435,556

$ 3,312,016

$ 3,276,334

PEO Actually Paid Compensation Amount

$ 3,157,753

1,845,414

3,665,751

Adjustment To PEO Compensation, Footnote

he PEO’s “compensation actually paid” is reconciled in the following table in accordance with Item 402(v) of Regulation S-K:


	2023			2022			2021

Summary Compensation Table Value	$	3,435,556		$	3,312,016		$	3,276,334

Subtract change in the actuarial present value of pension benefits as reported in the Summary Compensation Table for each applicable year		-			-			(169,979	)
Subtract grant date fair value of equity awards as reported in the Summary Compensation Table for each applicable year		(1,599,847	)		(1,850,599	)		(1,730,230	)
Add Pension value attributable to current year’s service and any change in pension value attributable to plan amendments made in the current year		125,489			160,255			193,446
Add fair value of equity compensation granted and vested in current year—value on vesting date		-			-			-
Add fair value of equity compensation granted in current year—value at end of year-end		1,418,747			904,998			1,983,077
Add change as of the vesting date in fair value of awards from prior years that vested in the covered fiscal year		32,738			50,174			(502,705	)
Add change in fair value of outstanding unvested awards from prior years that were outstanding as of the end of the covered fiscal year		(254,931	)		(731,430	)		615,807
Compensation Actually Paid	$	3,157,753		$	1,845,414		$	3,665,751

Non-PEO NEO Average Total Compensation Amount

$ 1,128,676

895,658

1,004,122

Non-PEO NEO Average Compensation Actually Paid Amount

$ 1,062,630

514,823

1,350,557

Adjustment to Non-PEO NEO Compensation Footnote

(3)

The average non-PEO named executive officers’ “compensation actually paid” is reconciled in the following table in accordance with Item 402(v) of Regulation S-K:


	2023			2022			2021

Summary Compensation Table Value	$	1,128,676		$	895,658		$	1,004,122

Subtract change in the actuarial present value of pension benefits as reported in the Summary Compensation Table for each applicable year		(1,832	)		-			(92,006	)
Subtract grant date fair value of equity awards as reported in the Summary Compensation Table for each applicable year		(500,314	)		(350,195	)		(273,923	)
Add Pension value attributable to current year’s service and any change in pension value attributable to plan amendments made in the current year		46,316			62,251			72,991
Add fair value of equity compensation granted and vested in current year—value on vesting date		-			-			-
Add fair value of equity compensation granted in current year—value at end of year-end		444,800			315,489			425,776
Add change as of the vesting date in fair value of awards from prior years that vested in the covered fiscal year		5,707			(678,153	)		(94,745	)
Add change in fair value of outstanding unvested awards from prior years that were outstanding as of the end of the covered fiscal year		(60,723	)		269,774			308,341
Compensation Actually Paid	$	1,062,630		$	514,823		$	1,350,557