{
  "docId": "019dd923-622c-750b-8b98-ce8e8f2b4a97",
  "docSlug": "c5a10320e53e",
  "documentTitle": "Cintas Corp. (CTAS)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2019-11-13 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 17,
  "pageCount": 73,
  "prevPage": 16,
  "nextPage": 18,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "balanced",
  "nDataPoints": 0,
  "notes": "Uses a specific case study (Merrillville, IN) to support the thesis of systemic regulatory non-compliance.",
  "elementsJson": [
    "headline_text",
    "callout_box",
    "data_table",
    "paragraph"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b98-ce8e8f2b4a97/17",
  "deckHref": "/decks/019dd923-622c-750b-8b98-ce8e8f2b4a97",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b98-ce8e8f2b4a97.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-ce8e8f2b4a97#slide-17",
  "components": [
    {
      "bbox": {
        "h": 0.08,
        "w": 0.964,
        "x": 0.018,
        "y": 0.208
      },
      "kind": "callout",
      "text": "It is clearly not a one-off situation in Aurora. We also find another instance of Cintas doing inspection work without either a permit, or a contractor’s license.",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8a2f2c29-416a-4509-af89-afcb1e7cf1a9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.28,
        "w": 0.472,
        "x": 0.264,
        "y": 0.605
      },
      "kind": "paragraph",
      "text": "Mr. Hannigan stated that the complaint was filed by the City of Hobart Fire Marshall, Joshua Magner. Mr. Magner was present and addressed the Board. He stated that while doing an inspection of the location for a Certificate of Occupancy he noticed that Cintas had performed work without a permit or a contractor's license. They also had not called for a fire watch while the fire system was down. Mr. Jim Morris, Operations Manager of Cintas Fire Protection, was present and addressed the Board. He stated that the system should not have been disabled during the work and that he should have checked on permits. Mr. Magner stated that he never heard from Cintas during this time. Mr. Stephens motioned to fine Cintas Fire Protection $300.00 for working without a license to be paid within 30 days. Mr. Maggio seconds. All ayes. (6-0)",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0aa4d708-7af8-47c4-8484-8300ab42217d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.03,
        "x": 0.275,
        "y": 0.925
      },
      "kind": "source-note",
      "text": "Source",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "dabacdc9-30b1-415c-abd3-a31aa3fbe7cd",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.18,
        "w": 0.472,
        "x": 0.264,
        "y": 0.363
      },
      "kind": "table",
      "text": "Violation Citation: 2017-01: Cintas Fire Protection - James Morris. Violation: Working without a contractor's license at: TJ Maxx - 1684 East 80th Avenue, Merrillville, IN 46410. Purpose: Required to appear before the Contractor's Licensing Board.",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "842644e1-0897-49ff-8ea2-b191304435ad",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.37,
        "x": 0.315,
        "y": 0.05
      },
      "kind": "title",
      "text": "Not An Isolated Incident",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9e7428df-cf6f-4b61-b0e3-ef0c0505f099",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "fraud-exposure",
      "slug": null,
      "matchId": "8f8497d8-ace7-49ce-adbc-18fdd0e5d7b5",
      "evidence": "Uses specific regulatory violation to expose systemic non-compliance.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [
    {
      "to": 20,
      "from": 6,
      "beatId": "b73990d4-fb73-4140-9aad-c369561e3c5d",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "The Monster",
      "beatSlug": "overcoming-monster-the-monster",
      "evidence": "The deck presents extensive evidence of Cintas' bad business practices.",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Hook",
      "parentBeatSlug": "hook"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}