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  "documentTitle": "UniFirst Corporation (UNF)",
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  "authorName": "Arnaud Ajdler",
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  "presentationDate": "2025-11-25 00:00:00",
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  "notes": "This is page 2 of a shareholder letter. It focuses on the narrative of decline, the failure of the current board, and the tactical criticism of the upcoming virtual-only annual meeting.",
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      "text": "The Board's actions have been designed to favor and protect the trustees at the expense of shareholders, much like how the Board rejected the cash-rich premium offer.",
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      "kind": "paragraph",
      "text": "under your stewardship, UniFirst is losing ground competitively, which harms employees and customers. Poor financial judgment has cost you extraordinary value...",
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