The ESOP Association Blog

Covering ESOPs and employee ownership

Annual Awards Ceremony to Honor AACE Award Winners

Will you be joining us for the 37th Annual Conference in Washington, DC on May 8th and 9th this year? If so, don’t forget about the Awards Ceremony on the evening of May 7th. Each registrant for the 37th Annual Conference is entitled to one ticket to the Awards Ceremony; the ticket price is included in the registration fee.  In advance of the 2014 Awards Ceremony, we thought we’d take a look back at the 2013 AACE Award winners.

During the last week of March, the AACE Awards judging will take place and the 2014 winners will be announced in April on the Association’s website and in the ESOP Report, the newsletter of The ESOP Association.

Filed under: AACE - Annual Awards for Communications Excellence, Conference Information, Employee Ownership Message, TEA Members, , ,

Schweitzer Engineering Laboratories, Inc. Named 2014 Better Workplace Award Winner

Schweitzer Engineering Laboratories, Inc. (SEL) located in Pullman, WA, received a 2014 Better Workplace Award from the Association of Washington Business (AWB). Pictured: Stacey Doty, SEL Director of Human Resources and Luis D’Acosta, SEL Chief Operating Officer accept the 2014 AWB Better Workplace Award.

SEL Accepts AWB Award

AWB’s Annual Better Workplace Awards recognize member companies that provide a family-friendly work environment, promote safety, and enable employees to achieve their best. Awards are presented to companies that demonstrate innovation in workplace safety, job training and advancement, and benefit and compensation programs.

SEL received the award in the Innovative Benefits/Compensation category and was selected based on the company’s imaginative employee benefits, including the decision to locate a new manufacturing facility closer to where the employees live and the soon-to-open employee child-care center. In addition to SEL’s ESOP, the company also offers an on-site health center staffed with an advanced nurse practitioner, and a wellness program complete with a workout facility and trained staff. The company also offers monthly education benefits and adoption assistance, in addition to more traditional benefits, such as healthcare insurance, paid personal leave, a 401(k) retirement savings plan, and others.

“It’s exciting to be recognized for the Innovative Benefits/Compensation award,” said Stacey Doty, director of Human Resources. “We strive to provide exceptional benefits, and this award acknowledges that others see value in what we are doing, and that makes us proud.”

SEL was among five companies to receive an award from AWB, which is recognized as Washington’s state chamber of commerce, manufacturing, and technology association, and represents 8,100 private employers from across the state.

Filed under: Employee Ownership Message, Member Services, TEA Members, ,

Carl Warren & Company Celebrates 70 Years

Carl Warren & Company, located in Placentia, CA, recently celebrated its 70th anniversary. To help kickoff the celebration, former Congressman, Joe Baca, stopped by the company’s office to join the employee owners in celebrating. Pictured: Caryn Siebert, President/CEO, Carl Warren & Company and former Congressman Joe Baca.

Carl Warren - Caryn and Joe Baca1And in More Carl Warren News…

On March 7, 2014 the Claims & Litigation Management Alliance (CLM) announced finalists for the 2014 CLM Professionals of the Year Award. Caryn Siebert, President and CEO of Carl Warren & Company was named as a finalist in the category of Claims Management. Finalists were chosen based on their commitment to the profession, leadership in the industry and contribution to the success of their company or clients. Ms. Siebert is a long-time ESOP Association member and Carl Warren & Company was named the ESOP Company of the Year in 2013.  CLM Award winners will be announced in April at the CLM Annual Conference in Florida.

Filed under: Employee Ownership Message, Member Services, TEA Members, ,

Congressman Ron Kind Visits ESOP Company, W.A. Roosevelt

On February 13, 2014, Congressman Ron Kind (D-WI) was on site to visit W.A. Roosevelt in La Crosse, WI. Congressman Kind spent an hour at the company meeting employee owners and spending time with members from the company’s ESOP committee. W.A. Roosevelt is a leading distributor of quality plumbing, electric, refrigeration, and heating and air conditioning equipment & supplies.  W.A. Roosevelt is a division of Dakota Supply Group, a member of The ESOP Association.

Kind WA Roosevelt 1

Kind WA Roosevelt 2

Filed under: Employee Ownership Message, Government Affairs, Member Services, TEA Members, , , ,

ESOP Company News

We thought we’d share news from our members this week. To start this week off, a note from ESOP Association member, Hypertherm.

In January 2014, Hypertherm, Inc. announced its transition from being a minority owned ESOP to a 100% associate-owned ESOP.  King Arthur Flour, a neighboring 100% employee-owned ESOP, sent us a token of congratulations. See below.

KAF Photo

The Associates at Hypertherm thank our friends at King Arthur Flour – Your company and its employee owners are a class act!

Thanks to Carey Chen, VP / GM – Light Industrial Businesses & CIO of Hypertherm, Inc. for sharing this news with us. And, congratulations to the employee owners of Hypertherm!

If you have company news to share, please send an email to media AT esopassociation.org with information and photos. We’ll include as many member posts as we can.

Filed under: Employee Ownership Message, Member Services, TEA Members, , ,

Employee Ownership Foundation Ends 2013 on a High Note

FoundationAt the 2013 Las Vegas Conference & Trade Show held in November, the Employee Ownership Foundation raised approximately $100,000 ensuring that employee ownership research and Foundation programs will not only continue but thrive in 2014.

“Once more, we are impressed by the incredible generosity of the ESOP community,” stated Employee Ownership Foundation President, J. Michael Keeling. “Thank you to everyone who donated both time and effort to the Employee Ownership Foundation in 2013.”

To add to the excitement, the Employee Ownership Foundation held a book signing at the Conference. (More info in the November 2013 ESOP Report issue, page 1.) On November 7, 2013, Professor Joseph R. Blasi, a preeminent scholar in the field of employee ownership, J. Robert Beyster Professor, and sociologist at the School of Management and Labor Relations at Rutgers University, spoke to Conference attendees about the roots of employee ownership in America’s history. Following his presentation, he met with attendees at the Foundation booth to sign copies of his newly released book: The Citizen’s Share: Putting Ownership Back into Democracy. He co-authored the new book with Richard B. Freeman (Herbert Ascherman Professor of Economics at Harvard University) and Douglas L. Kruse (Professor of Industrial Relations and Human Resources and an economist at the School of Management and Labor Relations, Rutgers University). The Citizen’s Share was released on November 26, 2013. Additional information about the book can be found on the book’s website.

IMG_1201Individuals who donated over $100 to the Employee Ownership Foundation in 2013 are eligible to receive a copy of the book. For more information, please contact Gwenn Rosenthal at gwenn AT esopassociation.org.

Don’t forget, donations to the Employee Ownership Foundation are tax deductible; contributions must be received by the Foundation before year-end 2013 to qualify. For additional information about the Foundation, or to donate, please visit the website.

Filed under: Conference Information, Employee Ownership Foundation, Employee Ownership Message, , ,

State of Texas Recognizes Carl Warren & Company and Employee Ownership

Carl Warren & Company, the 2013 ESOP Company of the Year, was recently recognized by the State of Texas for its ESOP and for being named the 2013 ESOP Company of the Year by the Association. The employee owners of Carl Warren have been reaching out to Senators and Representatives on the state and national level to share information about the company and their ESOP throughout 2013. Please see the resolution below.

State of Texas Resolution to Carl Warren

Filed under: Employee Ownership Message, Government Affairs, TEA Members, ,

Employee Owners of Restek Corporation Meet with Senator Toomey

On November 15, 2013, the employee owners of Restek Corporation in Bellefonte, PA met with Senator Patrick J. Toomey (R-PA). The Senator toured the company’s facility and Restek employee owners thanked the Senator for his support of ESOPs and employee ownership in America. The Senator is a current co-sponsor of S. 273 — a bill introduced in early 2013 by Senator Kelly Ayotte (R-NH) to stop the Department of Labor’s proposal on the definition of a fiduciary. A short interview with the Senator on the value of employee ownership can be seen here.

Restek Toomey 1

Restek Toomey 5

Restek Toomey 4

 

Restek Toomey 2

Filed under: Employee Ownership Message, TEA Members, ,

ESOP Association President Visits with Employee Owners of CTL Engineering

The employee owners of CTL Engineering (CTL) had the opportunity to meet with J. Michael Keeling, President of The ESOP Association, during a visit and tour of CTL’s corporate offices in Columbus, Ohio on October 9, 2013.

CTL employee owners, either in person or via video conference, listened as Mr. Keeling spoke about the history of ESOPs in America and how important it is to fight the negative views that the current administration has regarding ESOPs.  To show their commitment to the employee ownership community, CTL employee owners presented Mr. Keeling with a check made out to the Employee Ownership Foundation in the amount of $1,500.

CTL has been an ESOP since 1990 and a majority ESOP since 1999.

CTL JMK Visit 3

CTL JMK Visit 2

CTL JMK Visit 1

Filed under: Employee Ownership Message, Government Affairs, TEA Members, ,

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