The ESOP Association Blog

Covering ESOPs and employee ownership

August 2015 Outside Board Registry Available

Because more and more ESOP plan sponsors are adding “outside” board members to their Boards, often on advice of counsel, leaders of ESOP companies need to be sure an outside Board member understands ESOPs, both the practical, legal, and operational aspects of ESOPs, and, very important, the unique cultural style that often exists in an ESOP company.

In the Outside Board Registry are names and contact information for men and women who meet these criteria: they know ESOPs, and they know ESOP cultural style, and how it can vary. Those who are listed under “Corporate” members have served on the Board of an ESOP company and/or as a senior executive of an ESOP company. Those listed under “Professional” members primarily proved services to ESOP companies and/or have served, or are serving, on the Board of an ESOP company.

All requested that they be listed on this one-of-a-kind Outside Board Registry sponsored by The ESOP Association.

If you’re interested, you can find the registry on The ESOP Association’s website here. The link to the Outside Board Registry is located on the left side menu. NOTE: You will need to login with your membership information to access the Registry.

Filed under: Member Services,

ABCs of ESOPs — Are You an ESOP Guru? Be One!

ABCs of ESOPs Flyer Updated 2014

The ABCs of ESOPs is available exclusively to members of The ESOP Association as an interactive learning tool for ESOP participants. It includes lessons, quizzes, a glossary of ESOP terms, frequently asked questions, and games.

To access the ABCs of ESOPs, visit the Association’s website and click the Member Sign In button at the top of the page. Once logged in, click Meet & Learn, then Online Learning.

ABCs of ESOPs page

Log in information for members:

Corporate, affiliate, and educational members – enter membership ID, email address, and the password will be your membership ID.

Professional members – enter membership ID, email address and the password is your last name.

If you have questions about the ABCs of ESOPs, please send an email to membership AT

Filed under: Member Services,

ESOP Chapters

Did you know…all members of The ESOP Association are automatically members of their local Chapter and every member is covered by a Chapter. Chapters provide a unique opportunity to network and learn from local area ESOP companies and ESOP service providers. The Chapters hold various ESOP related meetings throughout the year and if you’re interested in learning more about Chapter events, click here for a calendar listings.

Find your local ESOP Chapter!

Chapter map no title

Filed under: Chapter News, Member Services,

July 2015 ESOP Association Legislative Update

ESOP Association President, J. Michael Keeling, provides a legislative update to members regarding pro-ESOP bills introduced in the House of Representatives and the Senate, H.R. 2096 and S. 1212.

He also discusses the Advocacy Kit and its importance. The Advocacy Kits can be found on The ESOP Association’s website here.

Filed under: Government Affairs, Member Services,

Welcome New ESOP Association Professional Members

A few weeks ago, we officially welcomed new corporate members and now we want to take a moment to welcome new professional members to the Association.


Mr. Charles Lynch, Alliance Bernstein, Philadelphia, PA

Mr. Mark Shorthouse, Argent Trust Company, Atlanta, GA

Mr. David Hanson, Barclays, Chicago, IL

Mr. Mark Clark, Benefit Associates, Huntington Beach, CA

Mr. Jeff Zaremba, BKD, LLP, Oakbrook Terrace, IL

Ms. Kim Thompson, Blue Ridge ESOP Associates, Charlottesville, VA

Mr. Matthew Simon, BMO Harris Bank, Milwaukee, WI

Mr. Chad Rock, BMO Harris Bank, Kansas City, MO

Mr. Matt Mayer, BMO Harris Bank, Kansas City, MO

Ms. Jen Auner, BMO Harris Bank, Milwaukee, WI

Mr. Neil Riegelman, BMO Harris Bank, Milwaukee, WI

Mr. Brandt Brereton, Brereton, Hanley & Co., Inc., San Jose, CA

Mr. Robert Gagne, BTC ESOP Services, Des Moines, IA

Ms. Kayla Adams, Business Transition Advisors, Inc., Portland, OR

Mr. James M. Kazmier, CohnReznick LLP, Chicago, IL

Mr. Daniel M. Lynn, Deloitte Transactions and Business Analytics LLP, Chicago, IL

Ms. Mae Blommel, Eide Bailly LLP, Fargo, ND

Mr. Wesley Thompson, Expense Reduction Analysts, Inc., Franklin, MI

Mr. Fred W. Muhleman, Expense Reduction Analysts, Inc., Canandaigua, NY

Mr. Ralph W. Owens, Expense Reduction Analysts, Inc., Sumter, SC

Ms. Sonia C. Gamache, Expense Reduction Analysts, Inc., Lithia, FL

Mr. Martin Leiter, Expense Reduction Analysts, Inc., Chicago, IL

Mr. Rob Peterson, Expense Reduction Analysts, Inc., Waukee, IA

Mr. Dave Page, Expense Reduction Analysts, Inc., Saint Louis, MO

Mr. Kurt Rundle, Expense Reduction Analysts, Inc., Holly Springs, NC

Mr. Steven L. Severson, Faegre Baker Daniels LLP, Minneapolis, MN

Ms. Debra L. Hinshaw, Faegre Baker Daniels LLP, Indianapolis, IN

Mr. Dennis Floro, Floro & Associates, Montgomery, TX

Mr. John E. Ashbrook, FMV Opinions, Inc., Irvine, CA

Mr. Joel Farrar, Foster Swift Collins & Smith P.C., Lansing, MI

Ms. Jennifer A. Fortner, Goldman Sachs & Company, Chicago, IL

Ms. Hallie E. Goodman, Gray, Plant, Mooty, Mooty & Bennett, P.A., Minneapolis, MN

Mr. Robert Owca, GreatBanc Trust Company, Lisle, IL

Ms. Rebecca G. DiStefano, Greenberg Traurig, LLP, Boca Raton, FL

Mr. Michael W. Kozemchak, Institutional Investment Consulting, Bloomfield Hills, MI

Ms. Lara Hemingway, K&L Gates LLP, Spokane, WA

Ms. Kelly Reale, Key Equipment Finance, Albany, NY

Mr. Daniel Wintz, Koley Jessen P.C., L.L.O., Omaha, NE

Mr. Brian Sharkey, Kreischer Miller, Horsham, PA

Mr. John C. Dorsey, Manning, Fulton & Skinner, P.A., Raleigh, NC

Mr. Rob Metcalf, MarksNelson LLC, Kansas City, MO

Mr. Matt Barberich, MarksNelson LLC, Kansas City, MO

Ms. Erin Hollis, Marshall & Stevens, Inc., Chicago, IL

Ms. Ashley Kirchner, MB Financial Bank, N.A., Rosemont, IL

Mr. James Edwards, McCready and Keene, Inc., A OneAmerica Company, Indianapolis, IN

Mr. Joe Duncan, McCready and Keene, Inc., A OneAmerica Company, Indianapolis, IN

Ms. Michelle Buckley, Meaden & Moore, Ltd., Cleveland, OH

Mr. John A. Tardio, MBA, ASA, Meyers, Harrison & Pia, LLC, New Haven, CT

Mr. David Turner, Millennium Trust Company, Oak Brook, IL

Mr. Dabney Smith, Mosaic Capital Partners, Charlotte, NC

Mr. William Hayes, Mosaic Capital Partners, Charlotte, NC

Mr. David Jasmund, PCE Investment Bankers, Winter Park, FL

Ms. Lydia Jun, PenChecks, Inc., La Mesa, CA

Ms. Diane Feistel, Principal Financial Group, Appleton, WI

Mr. Jeff Prince, ProCourse Fiduciary Advisors, Carmel, IN

Mr. David N. Pardys, Esq., Reed Smith LLP, Philadelphia, PA

Mr. David A. Surbeck, Reed Smith LLP, Philadelphia, PA

Mr. John Martini, Reed Smith LLP, Philadelphia, PA

Ms. Cheri L. Jones, Rehmann, Vero Beach, FL

Mr. Richard E. Vendig, Richard E. Vendig, LLC, Pound Ridge, NY

Mr. Travis E.J. Dutton, Riggs, Counselman, Michaels & Downes Inc., Baltimore, MD

Ms. Heather Rooney McBride, Rooney McBride & Smith, LLC, Springfield, MO

Mr. Avery Chenin, Steiker, Greenapple & Croscut, P.C., Cleveland Heights, OH

Mr. Matthew Hricko, Stout Risius Ross, Inc., Chicago, IL

Ms. Lorene Pierre, Swerdlin & Company, Atlanta, GA

Ms. Emily S. Horn, Taylor English Duma LLP, Atlanta, GA

Mr. Michael Goldstein, The Gottlieb Organization, Chagrin Falls, OH

Mr. Garrett McDaniel, The Gottlieb Organization, Chagrin Falls, OH

Mr. Judd Kohn, The PrivateBank and Trust Company, Chicago, IL

Mr. Steven LeClair, UBS Financial Services, Dublin, OH

Ms. Renee Milyiori, UBS Financial Services, Dublin, OH

Ms. Cyndi Livermore, William E. Howell, LLC, Manchester, NH

Filed under: Member Services, TEA Members,

June 2015 Roundup

It’s the last day of June so a monthly wrap-up it is!

Upcoming 2015 July events

Support for ESOPs

The June 2015 Washington Report from the ESOP Report

Welcome to new corporate members

We shared a pic of the 2015 Employee Ownership Month Poster Contest winner

Show your ownership spirit

The June 2015 ESOP Report was published

Registration is now open for the 2015 Employee Owner Retreat

Jobs remained stable in the employee stock ownership sector

ESOP advocates list

Spring Advocacy Kits

Dates announced for the 2015 Employee Owner Retreat

We noted how to access Issue Briefs and the Membership Directory on the website

Carris Reels beats the drum for ESOPs

Filed under: Chapter News, Conference Information, Economic Performance, Employee Ownership Foundation, Employee Ownership Month (EOM), ESOP Report, Government Affairs, Issue Brief, Member Services, Publication, TEA Members,

Welcome New ESOP Association Members

We wanted to take a moment to officially welcome new corporate members to the Association.


Amid, Inc. Aka American Medical Identifications, Houston, TX

BLM Technologies Inc., Plymouth, MN

Bruske Products, Tinley Park, IL

Carney, Sandoe & Associates, Boston, MA

Clark Insurance, Portland, ME

Clim-A-Tech Industries, Inc., Hopkins, MN

Controlled Blasting, Inc., Winder, GA

Davies Office Refurbishing, Inc., Albany, NY

De Maximis, Inc., Knoxville, TN

Diablo Country Magazine, Inc., Walnut Creek, CA

Digicon Corp., Rockville, MD

Dividend Assets Capital, Ridgeland, SC

Electro-Matic Ventures, Inc., Farmington, MI

Employee Benefits Corporation, Madison, WI

First State Bancorp of Monticello Inc., Monticello, IL

Foley Material Handling Co., Inc., Ashland, VA

Goettle Construction, Cincinnati, OH

Hamill Manufacturing Company, Trafford, PA

Henny Penny Corporation, Eaton, OH

Hoffman & Hoffman, Inc., Greensboro, NC

Homeland Security Solutions, Inc., Hampton, VA

ICM, Inc., Jacksonville, AR

Carlson Services, Inc., Shevlin, MN

Jasper Rubber Products, Inc., Jasper, IN

JLG Architects, Grand Forks, ND

KeHE Distributors, Inc., Naperville, IL

Kenneth’s Hair Salons & Day Spas Inc., Columbus, OH

McCownGordon Construction, Kansas City, MO

Mead Lumber, Columbus, NE

Millenium Medical Education Resources, LTD., Doylestown, PA

National Technologies Associates, Inc., Arlington, VA

Network Center Inc., Fargo, ND

New England Controls, Mansfield, MA

Normandeau Associates, Inc., Bedford, NH

P.W. Grosser Consulting, Inc., Bohemia, NY

Parman Energy, Nashville, TN

Patton Hospitality Management, Asheville, NC

PCG Equity, San Francisco, CA

Printing Technologies, Inc., Indianapolis, IN

Public Affairs Support Services, Inc., Reston, VA

Raulli & Sons Inc., Syracuse, NY

Sain Engineering Associates, Inc., Birmingham, AL

Steel-Pro, Inc., Rockland, ME

Strem Chemicals, Inc., Newburyport, MA

Tecnico Corporation, Chesapeake, VA

Texas Scenic Company, Inc., San Antonio, TX

The Auto Park, Inc., Plymouth, IN

Virginia Systems and Technology, Inc., Warrenton, VA

Filed under: Member Services, TEA Members,

Show your ownership spirit!

ESOP flag

Fly it proudly under, or next to, Old Glory. The ESOP flag with ESOP logo and “Employee Owned” on royal blue nylon, 3’ x 5’. The ESOP flag meets all industry standards for outdoor display. Durability subject to weather conditions.

Members $68.00   Non-Members $500.00

Visit our website or call 202-293-2971 to purchase the ESOP flag!

Filed under: Member Services, Publication,

May 2015 Link Round Up

It’s June 1 it is which means this is your May news re-cap.

Leading in an Ownership Setting: The Program for CEOs

New Spring Advocacy Kit is available

We talked pro-ESOP legislation

We provided a legislative update on H.R. 2096 and S. 1212

May 2015 ESOP Report was published

We shared some talk about ESOPs

We talked ESOP company news

Dates were announced for the 2015 Employee Owner Retreat

S. 1212 was introduced in the Senate

Congrats to the 2015 ESOP Award & AACE Award winners

The 2015 Annual Conference App was announced

We connected at the Annual Conference with members

We announced new Chairs!

Filed under: AACE - Annual Awards for Communications Excellence, Conference Information, Employee Ownership Foundation, Employee Ownership Message, ESOP Report, Government Affairs, Member Services, Publication, Silver ESOP Awards, TEA Members,

ESOP Company News Edition

The following news from ESOP Association members ran in the April 2015 ESOP Report and we wanted to share with readers here. If you have ESOP company news to share, please send an email to media AT

Gibson Named Best Places to Work in Indiana for Third Consecutive Year

Gibson-Insurance-Logo-300x116Gibson, an ESOP Association member, was recently named as one of the 2015 Best Places to Work in Indiana.  The statewide survey and awards program is designed to identify, recognize, and honor the best places of employment in Indiana, benefiting the state’s economy, its workforce, and businesses.  The 2015 Best Places to Work in Indiana list of 100 companies is made up of four different size categories.

Companies from across the state entered the two-part process first by evaluating each company’s workplace policies, practices, and demographics.  This part of the process was 25% of the total evaluation.  The other 75% consisted of an employee survey to measure the employee experience.  The combined scores determined the top companies and the final ranking.  An independent firm, Best Companies Group, managed the process, analyzed the data, and used their expertise to determine the final rankings.

Gibson will be recognized at the Best Places to Work Awards Dinner in May. Gibson is a 100% employee-owned (38% ESOP), regional insurance broker and risk management services firm with offices in South Bend, Plymouth, Indianapolis, and Fort Wayne, Indiana.


Schweitzer Engineering Laboratories and National Association of Manufacturers Honor Congresswoman McMorris Rodgers

On March 10, 2015 the National Association of Manufacturers (NAM) awarded Congresswoman Cathy McMorris Rodgers (R-WA) the NAM Award for Manufacturing Legislative Excellence at an event hosted by NAM member Schweitzer Engineering Laboratories in Pullman, Washington.

“American manufacturing is critical to the strength of our nation’s economy,” said Edmund O. Schweitzer, III, president of Schweitzer Engineering Laboratories. “We applaud Congresswoman McMorris Rodgers’ efforts in support of a free, flat, and fair environment that enables manufacturers to grow, create jobs, and keep ahead of global competition.”

“Contributing almost 290,000 jobs to Washington state, manufacturers help grow our local economy from the bottom up,” said Congresswoman McMorris Rogers. “As a representative of the most trade-dependent state in the nation, I am proud to support this innovative, expanding industry that strengthens our opportunity economy. Our exports are critical to men and women across the state, and manufacturers understand that better than anyone.”

You can see more on the company’s Facebook page.

SEL - IMG_7404

SEL - IMG_7570

SEL - IMG_7630

Filed under: Government Affairs, Member Services, TEA Members, ,

Welcome to the employee ownership blog of The ESOP Association.
The place where you'll find the latest information on ESOPs and employee ownership news.
Serving the entire ESOP community.

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 146 other followers




Iowa/Nebraska Chapter

More Photos

Get every new post delivered to your Inbox.

Join 146 other followers