The ESOP Association Blog

Employee ownership blog – the blog of The ESOP Association

2012 Edmunson Scholarship Winners

Congratulations to the 2012 Edmunson Scholarship winners!

Each year, the Employee Ownership Foundation honors the memory of Charles Edmunson, a leader of the employee-ownership community, by awarding scholarships for the training of non-management employees of employee-owned companies. Charles Edmunson dedicated his life to the belief that all employees should be provided an opportunity to own a piece of the company where they work and that each employee owner should be offered the respect and dignity of an owner. Charles believed that education was the cornerstone of this vision. The Charles R. Edmunson Scholarship helps to fulfill his goal by offering non-management employees of employee-owned companies the opportunity to attend motivational and education programs that promote employee ownership and educate about the rights, responsibilities, risks and rewards of employee ownership. For additional information visit: http://www.employeeownershipfoundation.org/edmunson.html.

The 2012 Edmunson Scholarship winners:

Erin L. Higgins, Environmental Health & Engineering, Inc., Needham, MA

Jodi Lamb, Big G Express, Inc., Shelbyville, TN

Mike Root, Karmak, Inc., Carlinville, IL

Damon Jones, The Palmer-Donavin Mfg., Co., Columbus, OH

John Glover, The Palmer-Donavin Mfg., Co., Columbus, OH

Matt Williams, QG Holding Inc., Cincinnati, OH

Steve Nolan, QG Holding Inc., Cincinnati, OH

Kip Crabbe, Salem Distributing Company, Inc., Winston Salem, NC

Marty Duran, Salem Distributing Company, Inc., Winston Salem, NC

Emilio Ballejos, The Sleep Train, Inc., Rocklin, CA

Andrew Freyholz, Douglas Machine, Inc., Alexandria, MN

Susan Yoshiba-Manzon, LeFiell Manufacturing Company, Santa Fe Springs, CA

Heather Norris, Mountain Hardware & Sports, Truckee, CA

Melanie Forrest, Worm’s Way, Inc., Bloomington, IN

Filed under: Employee Ownership Foundation, TEA Members, , ,

Owner Revolution Inc. Welcomes Iowa’s Governor and Lt. Governor

Iowa Governor Terry Branstad and Lt. Governor Kim Reynolds visited the Adair, Iowa plant of ESOP Association member Owner Revolution Inc. on March 8, 2012. The following is from a press release the company shared with The ESOP Association.

Owner Revolution Inc. is a 100% employee-owned ESOP company with plants in Adair and Atlantic, Iowa. The company manufactures a wide variety of plastic products for the lottery, consumer, marine, OEM (Original Equipment Manufacturer) and point of purchase markets.

“Ours is a company that many have probably never heard of,” said Don Hudak, President and CEO of Owner Revolution. “Yet, we make a wide variety of terrific products, do business in all 50 states and 70 countries and are vital to the economic vitality of rural Iowa. As an ESOP, we are particularly proud of our employee owners who through their hard work and dedication give us a competitive advantage that helps us differentiate ourselves and serve customers better.”

“I hope that our visit will draw attention to this growing and successful Iowa company,” said Gov. Branstad. “We need to spread the message to all Iowa industries to learn more about and consider our own Iowa companies first when seeking plastic OEM parts and other plastic supplies.”

“We must share the urgency of Iowans to revitalize our economy,” said Lt. Gov. Reynolds. “Owner Revolution, Inc. is a wonderful example of an employee-owned Iowa company that is growing and creating jobs for today and careers for the future.”

Filed under: Government Affairs, TEA Members, ,

Share Your Stories

Did you and your fellow employee owners meet with your member of Congress during this year’s Annual Conference in Washington, DC? If so, tell us about it.

We love to hear stories from our members. We may even share a few here and in the ESOP Report newsletter. Drop us a note at media@esopassociation.org.

We look forward to hearing from you.

Filed under: Conference Information, Government Affairs, TEA Members, ,

The ESOP Association Congratulates 2012 Award Winners

The following award winners were announced at The ESOP Association’s 21st Annual Awards Banquet held in Washington, DC on the evening of May 9th.

 Congratulations to all of this year’s winners.

 For More Information: Amy Gwiazdowski, 202/293-2971, amy@esopassociation.org

 The ESOP Association Honors Members for Excellence in Employee Ownership Communications

The ESOP Association is pleased to announce the 2012 winners of the Annual Awards for Communications Excellence (AACE). The AACE Awards are sponsored each year by the Association to recognize the outstanding communications and educational programs of its members. The awards were presented at the Association’s 35th Annual Conference in Washington, DC to companies who have excelled in communicating the ESOP (employee stock ownership plan) and its meaning to employee owners.

AACE Award winners are chosen by a panel of five judges made up of both management and non-management employee owners, each of whom has demonstrated active experience and interest in the field of ESOPs and employee ownership communications. Awards are based on: overall quality and quantity of employee owner education, contributions of employee owners, integration of the ESOP into company culture, frequency of ownership communications, involvement and/or response of employee owners, encouragement of ownership attitudes, clear explanations, creative ideas, graphic design, and technical quality.

The 2012 AACE Award winners are:

Category 1-A, Total Communications Program, 100 or Fewer Employees

Winner: The Onyx Group, Alexandria, VA

Runner Up: Priority Sign, Sheboygan, WI

Category 1-B, Total Communications Program, 101 – 500 Employees

Winner: Van Meter Inc., Waterloo, IA

Runner Up: Mid South Building Supply Inc., Springfield, VA

Category 1-C, Total Communications Program, 501 – 1,000 Employees

Winner: Woodward Communications, Inc., Dubuque, IA

Runner Up: Hot Dog on a Stick, Carlsbad, CA

Category 1-D, Total Communications Program, Over 1,000 Employees

Winner: SRC Holdings Corporation, Springfield, MO

Runner Up: Burns & McDonnell, Kansas City, MO

Category 2-A, Video, 250 or Fewer Employees

Winner: Unique Home Solutions, Indianapolis, IN

Runner Up: Sonnax Industries, Bellows Falls, VT

Category 2-B, Video, Over 250 Employees

Winner: The Cianbro Companies, Pittsfield, ME

Runner Up: Acadian Companies, Lafayette, LA

Category 3-A, Printed Materials, 250 or Fewer Employees

Winner: Cal-Tex Protective Coatings, Schertz, TX

Runner Up: Mid South Building Supply Inc., Springfield, VA

Category 3-B, Printed Materials, Over 250 Employees

Winner: Hot Dog on a Stick, Carlsbad, CA

Runner Up: Forsythe Technology, Inc., Skokie, IL

Category 4-A, Intranet, 250 or Fewer Employees

Winner: Foldcraft Co., Kenyon MN

Category 4-B, Intranet, Over 250 Employees

Winner: DCS Corporation, Lexington Park, MD

Runner Up: Holden Industries, Inc., Deerfield, IL

Category 5-A, ESOP Advertising – Ownership Marketing – General

Winner: Mid South Building Supply Inc., Springfield, VA

Runner Up: Hot Dog on a Stick, Carlsbad, CA

Category 5B, ESOP Advertising – Ownership Marketing – Web Sites

Winner: Burns & McDonnell, Kansas City, MO

Runner Up: Van Meter Inc., Waterloo, IA

Category 6-A, Special Events & Promotions, 1 Outstanding Event, 250 or Fewer Employees

Winner: Vermeer Equipment of Texas, Irving, TX

Runner Up: ComSonics, Inc., Harrisonburg, VA

Category 6-B, Special Events & Promotions, 1 Outstanding Event, Over 250 Employees

Winner: Acadian Companies, Lafayette, LA

Runner Up: Sleep Train, Rocklin, CA

Category 7-A, Special Events, Promotions, Series, 250 or Fewer Employees

Winner: Apache Hose & Belting Co., Inc., Cedar Rapids, IA

Runner Up: Priority Sign, Sheboygan, WI

Category 7-B, Special Events, Promotions, Series, Over 250 Employees

Winner: Dakota Supply Group, Aberdeen, SD

Runner Up: Glatfelter Insurance Group, York, PA

The ESOP Association Announces 2012 Silver ESOP Award Recipients

In April 2012, The ESOP Association presented 49 corporate members of the Association with a Silver ESOP Award to recognize their work in sustaining their ESOP for 25 years or more. All 241 Silver ESOP Award recipients were highlighted at The ESOP Association’s 35th Annual Conference in Washington, DC.

This is the fifth year the Silver ESOP Awards have been presented by the Association. In 2008, 117 corporate members were presented with the first annual Silver ESOP Awards; 2009, 12 members; 2010, 22 members; and in 2011, 41 members were honored. To be named a Silver ESOP Award recipient, a company must be a member of The ESOP Association and have an ESOP in place for 25 years or more.

“It is my pleasure to present these 49 companies with the 2012 Silver ESOP Award for excellence in sustaining their ESOP for 25 years,” said ESOP Association President J. Michael Keeling. “As recent research has shown, employees with employee stock ownership have more sustainable employment and were four times less likely to be laid off during the Great Recession than employees without employee stock ownership. Preserving locally-controlled jobs in today’s global economy is more likely when employees are owners.”

2012 Silver ESOP Award Recipients:

AMSTED Industries, Inc., Chicago, IL

Associated Integrated Marketing, Wichita, KS

Austin Industries, Inc., Dallas, TX

AWC Inc., Baton Rouge, LA

Bay Cities Container Corp, Pico Rivera, CA

Bimba Manufacturing Company, Monee, IL

Bonitz of South Carolina, Inc., Columbia, SC

Braas Company, Eden Prairie, MN

Brookfield Engineering Labs, Inc., Middleboro, MA

Bruckner Truck Sales, Inc., Amarillo, TX

Burns & McDonnell Engineers-Architects, Kansas City, MO

Clyde/West, Inc., Portland, OR

Community Bancshares, Inc., Neosho, MO

Contempora Fabrics, Inc., Lumberton, NC

CPP, Inc., Mountain View, CA

D. L. Evans Bank, Burley, ID

Davis, Gregory & Kyle, Inc., Factoryville, PA

DCS Corporation, Alexandria, VA

DimcoGray Company, Dayton, OH

Edney Distributing Co., Inc., Huron, SD

ELS, Inc., Arlington, VA

FBMC Benefits Management, Tallahassee, FL

Fred Weber, Inc., Maryland Heights, MO

Garland Industries, Inc., Cleveland, OH

The Gazette Company, Cedar Rapids, IA

Glatfelter Insurance Group, York, PA

Gopher Electronics Company, Saint Paul, MN

JBS United, Inc., Sheridan, IN

KAPCO, Brea, CA

Lerch Bates Inc., Littleton, CO

Lincoln Bancorp/Lincoln Savings Bank, Reinbeck, IA

Merchants Bank, South Burlington, VT

Mid-State Consultants, Inc., Nephi, UT

Neil H. Daniels, Inc., Ascutney, VT

New England Biolabs, Inc., Ipswich, MA

Nicholville Telephone Co., Inc., Nicholville, NY

Oxford Construction Company, Albany, GA

Pioneer Power, Inc., Saint Paul, MN

Reell Precision Manufacturing Corp., Saint Paul, MN

RHM Fluid Power, Inc., Westland, MI

Schaedler YESCO, Harrisburg, PA

Sletten, Inc., Great Falls, MT

St. John Holdings, Inc., Radnor, PA

Taggart & Associates, Inc., Boulder, CO

Temperature Systems, Inc., Madison, WI

Trachte Building Systems, Inc., Sun Prairie, WI

Wallace Eannace Associates, Inc., Plainview, NY

Wikoff Color Corporation, Fort Mill, SC

Woodfold-Marco Mfg., Inc., Forest Grove, OR

Randall English of Austin Industries, Inc. Named 2012 Employee Owner of the Year by The ESOP Association

Randall English of Austin Industries, Inc.’s Austin Bridge & Road, located in Irving, Texas, has been named the 2012 Employee Owner of the Year by The ESOP Association. The award was presented at the Association’s 35th Annual Conference in Washington, DC.

Mr. English is a second generation Austin Industries employee owner with a passion for his work and sharing his knowledge with others in the company. That willingness to share his passion extends to the ESOP (employee stock ownership plan) — he uses examples from his own work to explain to fellow employee owners how everything they do affects the bottom line and their personal share in the company’s profits. Mr. English strongly believes in the importance of being efficient and correct in his work and has become good at recognizing areas needing improvement and providing creative solutions to problems. It’s been said that if the name Randall English is mentioned at the company, you’ll hear these words: highly respected, likable, honest, funny, easy-going, energetic, and never quits. With a personal motto of “whatever it takes,” the descriptions are accurate. According to employee owners at Austin Industries, Mr. English gives 100% every day and leads by example.

Austin Industries, Inc. was founded in 1902 by Frank and George Austin to fabricate and install iron truss bridges in Texas and Georgia. Today, Austin Industries, Inc. oversees the operation of three companies — Austin Bridge & Road, Austin Commercial, and Austin Industrial. Austin Industries, Inc. is 100% employee-owned and employs more than 6,000 employee owners. For more information, please visit: http://www.austin-ind.com/.

“Randall is a true leader and a dedicated employee owner of the company. I’m pleased to be able to present him with the 2012 Employee Owner of the Year Award,” said ESOP Association President J. Michael Keeling. “He has helped significantly in creating the ownership culture at Austin Industries by holding himself up as an example to his fellow employee owners.”

Burns & McDonnell Named 2012 ESOP Company of the Year by The ESOP Association

Burns & McDonnell Engineers-Architects, an employee-owned company headquartered in Kansas City, Missouri, was named the 2012 ESOP Company of the Year by The ESOP Association. The award was presented at the Association’s 35th Annual Conference in Washington, DC.

Founded in 1898 by Clinton S. Burns and Robert E. McDonnell, Burns & McDonnell is a full-service engineering, architecture, construction, environmental and consulting solutions firm with regional offices across the country. The company celebrated 25 years of employee ownership in 2011 and is a 100% employee owned. The company, and the employee owners, believe employee ownership is what differentiates them from competitors. The company culture is driven by employee ownership and is part of everything they do from branding, advertising, to employee training. For more information on Burns & McDonnell, please visit: http://www.burnsmcd.com/.

Burns & McDonnell is a strong supporter of employee ownership and The ESOP Association. Employee owners of Burns & McDonnell participate in the Association’s Heart of America Chapter, are actively involved in Chapter events, presenting at conferences and seminars, and sharing insights about being a successful ESOP with companies in their area. The employee owners participate in government affairs activities — reaching out to 26 members of Congress to share information on employee ownership and the value of ESOP companies in the last year. The company constantly shares information about the ESOP, holds regular meetings to talk about the ESOP, hosts events for employee owners to share information, and offers educational information to nurture the company’s employee ownership culture.

“I’ve had the pleasure of visiting Burns & McDonnell and it was an amazing experience. I’m thrilled to be able to present the employee owners of Burns & McDonnell with the 2012 ESOP Company of the Year Award,” said ESOP Association President J. Michael Keeling. “The employee owners of Burns & McDonnell strive to make their company stronger each day. The company works to communicate the ESOP concept not only to the employee owners but to the ESOP community at large.”

Indiana Chapter Named 2012 ESOP Chapter of the Year by The ESOP Association

The Indiana Chapter of The ESOP Association was named the 2012 ESOP Chapter of the Year by The ESOP Association. The award was presented at the Association’s 35th Annual Conference in Washington, DC.

The Association’s Indiana Chapter experienced all time highs in meeting attendance over the last year and Chapter members outdid previous work in support of membership development, fundraising for the Association’s affiliated foundation, the Employee Ownership Foundation, and support of the Association’s government relations efforts. The Indiana Chapter was selected from among 18 Association Chapters across the United States for this honor.

“The leaders of the Indiana Chapter provide excellent programming and value to ESOP Association members in their state. I’m proud to honor the Indiana Chapter, and its members, with the 2012 ESOP Chapter of the Year Award for their work to promote employee ownership,” said ESOP Association President J. Michael Keeling.

Steven W. King of Gala Industries, Inc. Named 2012 Chapter Officer of the Year by The ESOP Association

Steven W. King of Gala Industries, Inc., located in Eagle Rock, Virginia, was named the 2012 Chapter Officer of the Year by The ESOP Association.  The award was presented at the Association’s 35th Annual Conference in Washington, DC.

Mr. King is the current President of The ESOP Association’s Mid-Atlantic Chapter and has been actively involved with both the Chapter and the Association for several years. He has proven his leadership skills in developing the Chapter’s innovative educational programming, government relations efforts, and membership development. The Mid-Atlantic Chapter includes members in Maryland, Virginia, West Virginia, and the District of Columbia.

“I’m proud to present Steven with the Association’s 2012 Chapter Officer of the Year Award,” said ESOP Association President J. Michael Keeling. “Under Steven’s guidance, the Mid-Atlantic Chapter has brought numerous educational opportunities to our members in the Mid-Atlantic region and we are pleased to honor him for his work in promoting employee ownership.”

Libby Perszyk Kathman, Inc. Wins 2012 Employee Ownership Month Poster Contest

Libby Perszyk Kathman, Inc., an employee-owned company located in Cincinnati, Ohio, has been selected by The ESOP Association as its 2012 Employee Ownership Month Poster Contest Winner.  The winning poster design was unveiled at the Association’s 35th Annual Conference in Washington, DC.

Libby Perszyk Kathman, Inc. (LPK), according to the company’s website, is the world’s largest employee-owned brand design agency. Founded in 1919, the company has remained true to its entrepreneurial roots: excellence in our product, leadership in our profession, respect for all individuals and uncompromising integrity in all matters. LPK strongly believes employee ownership is fundamental to the company’s success and that it creates a culture that attracts some of the industry’s best. For more information on LPK, please visit: http://www.lpk.com/.

LPK’s poster was chosen because of the idea it expressed: Succeed as One. The poster will be used by The ESOP Association to promote Employee Ownership Month, which takes place every October and is a celebration of the incredible spirit of employee ownership.

For more information about Employee Ownership Month, please visit: http://www.esopassociation.org/resources/resources_month.asp.

Brian Wurpts of SES Advisors, Inc. Receives 2012 Membership Recruitment Award from The ESOP Association

Brian Wurpts of SES Advisors, Inc., located in Philadelphia, Pennsylvania, was presented with The ESOP Association’s 2012 Membership Recruitment Award for a Professional Member. The award was presented at the Association’s 35th Annual Conference in Washington, DC.

Mr. Wurpts is an active member of The ESOP Association and the Association’s Pennsylvania/Delaware Chapter. He has been involved with the ESOP community for many years and his commitment to employee ownership in evident in the work he does to promote the cause of employee ownership by encouraging ESOP companies to become members of the Association.

“It is my pleasure to present the 2012 Membership Recruitment Award to Brian for the work he has done to promote employee ownership and the Association and its work to new members,” said ESOP Association President J. Michael Keeling.

Andrew Todhunter of KAPCO Named Outstanding Board of Governors Member by The ESOP Association

Andrew Todhunter, President of KAPCO, an employee-owned company located in Brea, California, was named the 2012 Outstanding Board of Governors Member by The ESOP Association.  The award was presented at the Association’s 35th Annual Conference in Washington, DC.

Mr. Todhunter is an active member of The ESOP Association’s Board of Governors and has served in numerous volunteer capacities for the Association over the years. He is involved on both the Chapter and National levels and has been actively working to educate the public about employee ownership.

“I am pleased to present Andrew with the 2012 award for Outstanding Board of Governors Member,” said ESOP Association President J. Michael Keeling. “Andrew is a strong advocate for employee ownership and has gone above and beyond in his role as a Board of Governors member.”

Pennsylvania/Delaware Chapter Recognized for Outstanding Membership Development by The ESOP Association

The Pennsylvania/Delaware Chapter of The ESOP Association was recognized for its commitment to membership development at the Association’s 35th Annual Conference in Washington, DC.

The Pennsylvania/Delaware Chapter demonstrated a focused commitment to membership in the last year, and as a result, directly increased membership in the Chapter. The Pennsylvania/Delaware Chapter includes Association members in Pennsylvania and Delaware. The Chapter was selected from among 18 Association Chapters across the United States for this honor.

“I am pleased to present members of the Pennsylvania/Delaware Chapter with the Outstanding Membership Development Award for their demonstrated commitment to increasing membership in The ESOP Association,” said ESOP Association President J. Michael Keeling.

 

Southwest Chapter Recognized for Outstanding Membership Recruitment by The ESOP Association

The Southwest Chapter of The ESOP Association was recognized for its commitment to membership recruitment at the Association’s 35th Annual Conference in Washington, DC.

Members of the Southwest Chapter met several targets in promotion of employee ownership in the southwest region and increased membership in the Chapter over the last year. The Southwest Chapter was selected from among 18 Association Chapters across the United States for this honor. The Southwest Chapter includes Association members in Arkansas, Louisiana, New Mexico, Oklahoma, and Texas.

“I’m pleased to present the Outstanding Membership Recruitment Award to members of the Southwest Chapter,” said ESOP Association President J. Michael Keeling. “Over the last year, leaders of the Southwest Chapter worked hard to meet a target prospect goal and to promote the cause of employee ownership among ESOP companies in their Chapter.”

New South Chapter Named Most Improved Chapter by The ESOP Association

The New South Chapter of The ESOP Association was named the Most Improved Chapter at the Association’s 35th Annual Conference in Washington, DC.

The New South Chapter was selected from among 18 Association Chapters across the United States for this honor. The Chapter includes Association members in Florida, Georgia, Alabama, Mississippi, and Tennessee.

“I’m pleased to present the Most Improved Chapter Award to members of the New South Chapter,” said ESOP Association President J. Michael Keeling. “The Chapter is focused on drawing ESOP companies from the region to their meetings and has seen an increase in attendance over the last year. We look forward to seeing great things from the New South Chapter in the coming years.”

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

The ESOP Association Announces 2012 Silver ESOP Award Recipients

The following press release was sent out by The ESOP Association this morning. Congratulations to the 2012 Silver ESOP Award Winners.

For Immediate Release: April 9, 2012

For More Information: Amy Gwiazdowski, 202/293-2971, amyATesopassociation.org

The ESOP Association Announces 2012 Silver ESOP Award Recipients

April 9, 2012 (Washington, DC) – The ESOP Association has presented 49 corporate members of the Association with a Silver ESOP Award to recognize their work in sustaining their ESOP (employee stock ownership plan) for 25 years or more. This year, the Silver ESOP Awards are being presented to companies that will be celebrating 25 years or more as an ESOP company in 2012.

This is the fifth year the Silver ESOP Awards have been presented by the Association. In 2008, 117 corporate members were presented with the first annual Silver ESOP Awards; 2009, 12 members; 2010, 22 members; and in 2011, 41 members were honored. To be named a Silver ESOP Award recipient, a company must be a member of The ESOP Association and have an ESOP in place for 25 years or more.

“It is my pleasure to present these 49 companies with the 2012 Silver ESOP Award for excellence in sustaining their ESOP for 25 years,” said ESOP Association President J. Michael Keeling. “As recent research has shown, employees with employee stock ownership have more sustainable employment and were four times less likely to be laid off during the Great Recession than employees without employee stock ownership. Preserving locally-controlled jobs in today’s global economy is more likely when employees are owners.”

2012 Silver ESOP Award Recipients:

AMSTED Industries, Inc., Chicago, IL

Associated Integrated Marketing, Wichita, KS

Austin Industries, Inc., Dallas, TX

AWC Inc., Baton Rouge, LA

Bay Cities Container Corp, Pico Rivera, CA

Bimba Manufacturing Company, Monee, IL

Bonitz of South Carolina, Inc., Columbia, SC

Braas Company, Eden Prairie, MN

Brookfield Engineering Labs, Inc., Middleboro, MA

Bruckner Truck Sales, Inc., Amarillo, TX

Burns & McDonnell Engineers-Architects, Kansas City, MO

Clyde/West, Inc., Portland, OR

Community Bancshares, Inc., Neosho, MO

Contempora Fabrics, Inc., Lumberton, NC

CPP, Inc., Mountain View, CA

D. L. Evans Bank, Burley, ID

Davis, Gregory & Kyle, Inc., Factoryville, PA

DCS Corporation, Alexandria, VA

DimcoGray Company, Dayton, OH

Edney Distributing Co., Inc., Huron, SD

ELS, Inc., Arlington, VA

FBMC Benefits Management, Tallahassee, FL

Fred Weber, Inc., Maryland Heights, MO

Garland Industries, Inc., Cleveland, OH

The Gazette Company, Cedar Rapids, IA

Glatfelter Insurance Group, York, PA

Gopher Electronics Company, Saint Paul, MN

JBS United, Inc., Sheridan, IN

KAPCO, Brea, CA

Lerch Bates Inc., Littleton, CO

Lincoln Bancorp/Lincoln Savings Bank, Reinbeck, IA

Merchants Bank, South Burlington, VT

Mid-State Consultants, Inc., Nephi, UT

Neil H. Daniels, Inc., Ascutney, VT

New England Biolabs, Inc., Ipswich, MA

Nicholville Telephone Co., Inc., Nicholville, NY

Oxford Construction Company, Albany, GA

Pioneer Power, Inc., Saint Paul, MN

Reell Precision Manufacturing Corp., Saint Paul, MN

RHM Fluid Power, Inc., Westland, MI

Schaedler YESCO, Harrisburg, PA

Sletten, Inc., Great Falls, MT

St. John Holdings, Inc., Radnor, PA

Taggart & Associates, Inc., Boulder, CO

Temperature Systems, Inc., Madison, WI

Trachte Building Systems, Inc., Sun Prairie, WI

Wallace Eannace Associates, Inc., Plainview, NY

Wikoff Color Corporation, Fort Mill, SC

Woodfold-Marco Mfg., Inc., Forest Grove, OR

All 241 Silver ESOP Award recipients will be honored at The ESOP Association’s Annual Conference in May (May 10 – 11, 2012) and highlighted at the 21st Annual Awards Banquet held on the evening of May 9th.

The ESOP Association is the national trade association for companies with employee stock ownership plans (ESOPs) and the leading voice in America for employee ownership.  The core cause of The ESOP Association is the belief that employee ownership will improve American competitiveness, increase productivity through greater employee participation, and strengthen our free enterprise economy. More information: website – www.esopassociation.org and blog – www.esopassociationblog.org.

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Filed under: Member Services, TEA Members, , ,

February 2012 Monthly Wrap-Up

In case you missed something this month, a re-cap is below.

We put out a call for AACE Awards submissions

Reminded readers of our Speaker Policies and Guidelines

Posted news from the Employee Ownership Foundation – Employee Owners’ Jobs More Stable in a Nervous Economy

Posted a letter to the editor of The Washington Post about encouraging employee ownership

More news from the Employee Ownership Foundation – Kelso Fellowship Funding Announced

Talked about President Obama’s FY 2013 Budget (Yes, we talked divorce on Valentine’s Day)

Announced the deadline for Edmunson Scholarships

A guest post from employee owner Mick Slinger at Van Meter Inc.

Announced updated Advocacy Kits

Talked about corporate tax reform

Posted our first vlog

Shared information on 401(k) plans

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

Guest Post – Iowa and ESOPs

We posted back in January about this topic:

Iowa Governor Talks ESOPs

Iowa Governor and ESOPs

We know our members in Iowa have been working with the Governor’s office and have been steadfastly promoting employee ownership in the state. When we heard that Mick Slinger, the CFO Van Meter Inc. (an ESOP Association member) sent an essay on ESOPs to The Gazette in Cedar Rapids, IA, we asked if we could reprint his essay here as a guest post.

Thanks to Mick and all our members in Iowa spreading the ESOP message.

The employee owners of Van Meter are pleased to see that Iowa lawmakers are considering a bill to encourage the creation of more Employee Stock Ownership Plans (ESOPs) in Iowa.

We clearly know from experience that ESOPs are good for the state.  They help save and create jobs.   They also help businesses be more competitive and successful, while at the same time creating a mechanism for the employee owners to share in that and accumulate significant retirement savings.  We believe this because we are an employee owned ESOP company.

Van Meter became an ESOP in 1993.  At that time, 30% of the company was sold to the employees through the use of an ESOP.   From 1993 to 2005, Van Meter continued to increase its employee ownership percentage to the point of becoming 100% employee owned in January 2005, where it still stands today.  Our goal is to stay 100% employee owned forever.   From 2005 to today, during periods of high uncertainty and through one of the worst economic downturns since the Depression, our business has grown over 8% annually.  In an industry with significant consolidation and movement of companies around the globe, the ESOP has been an effective growth and succession planning tool allowing our company and jobs to stay within Iowa.

At Van Meter, we work hard at building a culture of ownership and employee empowerment for the long-term success of our business.  The ESOP gives every employee owner a stake in that outcome.  Equity sharing is a benefit that pays for itself by putting everyone in the same boat.  We each share in the risks and rewards of being an owner, rising together as one.   Every employee owner has influence over the direction and success of our business.

We learned early on, however, that giving employees stock is not a magic pill.  Like any other thing, ownership needs to be taught.  We believe in a saying that if we capture the employees’ hearts, their minds will follow.   We invest heavily in the learning and development of our people.   At Van Meter, our company is the product, and our purpose is to create a culture where the right people come to work, stay, and achieve their potential.  We focus heavily on growth and opportunity for our people.  In doing that, our voluntary turnover is less than 4% annually, which leads to significant productivity gains.

Our culture is based on our core values, what we call our 5Ps.  People – our culture is committed to the development and well-being of our people.  We strive for 100% engagement.   Providers – take care of our customers and suppliers who provide us the opportunity to be in business.  Continuous imProvement – everyone everyday making improvements in the business;  Place – giving back to the communities where we blessed to work and live in;  Profit – we don’t run our business to make a profit, we make a profit to run our business.  In a nutshell, we are extremely committed to our employees, our communities and Iowa.

Since 2008, the beginning of the so called Great Recession, Van Meter has done just the opposite of what our competitors and what we hear many others have done and are doing.   Our motto was “why waste a good recession”.  So during this latest economic downturn, the employee owners of Van Meter committed to having no layoffs or workforce reductions.  We continued to invest and hire new people while everyone else was cutting back.  We believed that as the economy recovered we would be in a much stronger position in the long run, growing market share and providing additional job security and growth to our employee owners here in Iowa.  This has proven to be a good decision.

Not only do we invest heavily in our people, the ESOP has helped us to make significant investments in facilities across Iowa.  Since the great recession, employee ownership has allowed us to create fifty-five new jobs and add more than four million dollars in payroll, and also to invest over $8 million dollars in new inventory and $32 million in new facilities in Cedar Rapids, Iowa City and Sioux City and machinery and equipment.   This year, we have plans to build two more new facilities in Des Moines and Muscatine.

On the intangible side, we have things like an annual poster contest to help discover what employee ownership means to our people.  Outcomes have been phrases like; “Let’s pull together and brighten our future”; “The ESOP helps see our future more clearly”; “Where will you leave your footprint with employee ownership”; “Your ticket to our ESOP future – get in the game”; and “Get your two cents worth – it all adds up”.  Through the ESOP, employees recognize the opportunity they have to create financial security for themselves and for one another.

But beyond the numbers, the real success stories for Van Meter’s ESOP come from the heart.  We recently had an employee owner who retired early to pursue his real passion, going back to the family farm with his dad.   He had just turned fifty and had been with Van Meter over twenty years and participated in the ESOP since day one.  He shared the success of the Van Meter ESOP allowed him the financial freedom to retire early and he felt incredibly blessed for the opportunity to do this.   This is what makes our ESOP so special.

So if ESOPs are so great, why do we need legislation to encourage them?  In today’s credit environment, banks are hesitant to finance 100% of the ESOP transaction so sellers usually have to carry some of the debt.  The legislation creates a $1 million dollar fund to help defray some of the costs of setting up an ESOP and it would exempt business owners from capital gains tax.

We believe from what we contribute to our community in payroll and taxes that this legislation will more than pay for itself by stimulating economic growth in the state.  We became an employee owned company because we care deeply about our employees, communities and our state.  It would be devastating for our towns if locally owned businesses or profits were moved out of the state.  We need to save all the jobs and business we can.  In an ESOP company, we are dealing directly with owners who have a shared, vested interest in the long-term success of the business and community in which they live.  This legislation is a great way to promote growth, investment and job creation in Iowa.  We appeal to Iowa lawmakers: let’s keep our home grown businesses right here in Iowa.

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

ESOP Association Members Make Fortune’s List of the 100 Best Companies to Work For

Congratulations go out to five members of The ESOP Association that have been named to Fortune’s list of the 100 Best Companies to Work For:

Burns & McDonnell Engineers-Architects, Kansas City, MO

W. L. Gore & Associates, Inc., Newark, DE

TDIndustries, Inc., Dallas, TX

Publix Super Markets, Inc., Lakeland, FL

Schweitzer Engineering Laboratories, Inc., Pullman, WA

“This is what ESOP companies do — they create great place to work. Congratulations to our members on the list,” said J. Michael Keeling, ESOP Association president. “An ESOP Association survey conducted in 2011 showed that 92.2% of survey respondents reported that creating employee ownership through an ESOP was ‘a good business decision that has helped the company.’ In addition, 72.9% of respondents indicated the ESOP positively affected the overall productivity of the employees. It would be a shame if the Congressional bipartisan support for our modest national policy encouraging employee ownership was not enhanced as Congress looks for a ‘common’ ground policy encouraging U.S. based jobs. Five percent of the companies on this list are wholly or partially owned through the ESOP which is an amazing figure considering that ESOP companies only make up about .0025 percent of all businesses in America.”

To view the complete list, click here and more information about the companies is here.

If you would like to know how the companies are chosen, go here.

Filed under: Economic Performance, Employee Ownership Message, Member Services, News Links, TEA Members, , ,

It’s Not the Once but the Many

We talk a lot about meeting with your members of Congress — why it’s important, how to setup a meeting, goals, outcomes — and we think it’s just as important to highlight the successes.

Take Steven King, an employee owner at Gala Industries, Inc., an ESOP Association member located in Eagle Rock, VA. Mr. King has been writing letters and meeting with Congressman Bob Goodlatte of Virginia’s 6th District (Mr. King’s member of Congress.) for some time now, and when he was invited to an event being held by the Congressman in November 2011, Mr. King made the decision to go and speak to Congressman Goodlatte about ESOPs. He shared this email with the Association this week:

“To all:

In early November I was invited to attend a “Dutch Treat Luncheon” in Daleville with Congressman Bob Goodlatte, “to discuss issues of national and local importance.”  Having just mailed the Congressman a letter (See Attachment #2) asking him to cosponsor a bill (H.R. 1244) that had been introduced in the House of Representatives, I took advantage of the invitation, thinking it would be a great opportunity to personally ask him to co-sponsor the bill.  After listening to his presentation about our country’s ever growing debt issue, etc., those in attendance were able to ask the Congressman questions regarding pretty much anything.  Questions ranged from the need for Daylight Savings Time, to government involvement in the banking industry, to employment hiring practices.

Towards the end of the meeting, I finally addressed the Congressman regarding his past, positive support of ESOPs, and asked him to consider signing on as a cosponsor to the H.R. 1244, and also presented him another copy of the letter that I had mailed the week before.  Congressman Goodlatte spent several minutes discussing ESOPs and expressed his support for the ESOP concept, actually referencing a plan he and his chief of staff have to introduce some legislation to help ESOPs cut through some red tape that we have to deal with now.

I am happy to report that yesterday I received a letter from Congressman Goodlatte (See Attachment #3) telling us he had cosponsored H.R. 1244 and he “will work hard to see it signed into law.”

If you have any questions regarding this or any other ESOP issue, please feel free to ask.

Regards,

Steven King”

Letters of this nature are great to see and we thank Mr. King for his work on behalf of the ESOP cause. As Mr. King knows so well, persistent, respectful communication with an elected official is more important than relying on the one time-at-bat home run. A key point as Congress will review ESOP tax benefits at some point over the next two years.

If you’re interested and would like to learn more about meeting with your member of Congress, you can find the information on our website:

Advocacy Kit

Congressional Company Visit Kit

The Kits will be updated soon for 2012.

Got a story to share? Let us know.

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

AACE Awards – Looking Back at 2011 (part 8)

Part 8

Continuing with our re-cap of AACE Award entry posts… What we want to share in a series of posts are photos of this year’s entries.  Over the course of several weeks, all of the companies that entered this year’s awards program will be featured here.

If you want more information about the AACE Awards, you can find it here.

Today we bring you:

The Walman Optical Company, Minneapolis, MN

Woodward Communications, Inc., Dubuque, IA

Worm’s Way, Inc., Bloomington, IN

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

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