The ESOP Association Blog

Covering ESOPs and employee ownership

April 2015 Upcoming Events

Following is a list of ESOP Association Chapter events taking place in April 2015. Additional events can be found on the calendar.

 

PA/DE Chapter – 2015 Spring Conference (Malvern, PA)

April 2, 2015
PA/DE Chapter
2015 Spring Conference – Malvern, PA
1 Liberty Boulevard
Malvern, PA 19355
Click to register
2015 PA-DE Chapter Printable Spring Registration Form – (Malvern)
For more information contact Sue Crockett at scrockett@esopexec.org or 612.872.4375

 

New England Chapter – 2015 Spring Conference (Bedford, MA)

April 3, 2015
New England Chapter
2015 NE Spring Conference Agenda & Brochure – Bedford, MA
2015 New England Spring Conference Session Descriptions & Speaker Bios – Bedford
DoubleTree Hotel Bedford Glen
Bedford, MA
Click to register
For more information contact Shelly Dennis at sdennis@esopexec.org – 603.756.3441
New England Chapter Spring Conference Printable Registration Form – (Bedford)

 

California/Western States Chapter – 2015 Spring Seminar (Sacramento, CA)

April 8, 2015
CAWS Chapter
2015 Spring Seminar – Understanding the ESOP Benefit
Tesco Controls
8440 Florin Rd.
Sacramento, CA 95828
Click to register
For more information contact Jenifer McDonald at jenifer@caws-esop.org or 916.333.3280

 

California/Western States Chapter – 2015 Spring Seminar (Orange/San Diego, CA)

April 9, 2015
CAWS Chapter
2015 Spring Seminar – Understanding the ESOP Benefit
Kapco Global
3120 Enterprise St.
Brea, CA 92821-6236
Click to register
For more information contact Jenifer McDonald at jenifer@caws-esop.org or 916.333.3280

 

California/Western States Chapter – 2015 Spring Seminar (Salt Lake City, UT)

April 13, 2015
CAWS Chapter
2015 Spring Seminar – Understanding the ESOP Benefit
Architectural Nexus, Community Room
2502 E Parleys Way
Salt Lake City, UT 84109
Click to register
For more information contact Jenifer McDonald at jenifer@caws-esop.org or 916.333.3280

 

New England Chapter – 2015 CFO Conference (Hanover, NH)

April 13th &14th, 2015
New England Chapter
2015 CFO Conference – Hanover
Hosted by Hypertherm
Hanover Inn
2 E Wheelock St.
Hanover, NH 03755
Click to register
For more information contact Shelly Dennis at sdennis@esopexec.org or 603.756.3441
2015 New England Chapter Printable Registration Form – CFO 2015

 

California/Western States Chapter – 2015 Spring Seminar (Los Angeles, CA)

April 14, 2015
CAWS Chapter
2015 Spring Seminar – Understanding the ESOP Benefit
Bay Cities Container Corp.
5138 Industry Ave.
Pico Rivera, CA 90660
Click to register
For more information contact Jenifer McDonald at jenifer@caws-esop.org or 916.333.3280

 

Heart of America Chapter – Annual Spring St. Louis ESOP Seminar (Town & Country, MO)

April 15, 2015
Heart of America Chapter
2015 Heart of America Annual Spring Conference Brochure – St. Louis
Missouri Athletic Club West
1777 Des Peres Road
Town & Country, MO   63131
Click to register
For more information contact Karrie Imbrogno at karrie@esopchapters.com – 440.989.1552

 

Heart of America Chapter – Annual Spring Kansas City ESOP Seminar (Kansas City, MO)

April 16, 2015
Heart of America Chapter
2015 Heart of America Annual Spring Conference Brochure – Kansas City
Commerce Trust Building
922 Walnut Street, 15th Floor
Kansas City, MO   64141
Click to register
For more information contact Karrie Imbrogno at karrie@esopchapters.com – 440.989.1552

 

California/Western States Chapter – 2015 Spring Seminar (Phoenix/Tempe, AZ)

April 16, 2015
CAWS Chapter
2015 Spring Seminar – Understanding the ESOP Benefit
Sundt Construction
2620 South 55th Street
Tempe, AZ 85282
Click to register
For more information contact Jenifer McDonald at jenifer@caws-esop.org or 916.333.3280

 

California/Western States Chapter – 2015 Spring Seminar (San Francisco, CA)

April 16, 2015
CAWS Chapter
2015 Spring Seminar – Understanding the ESOP Benefit
Recology
50 California Street, 24th Floor
San Francisco, CA 94111
Click to register
For more information contact Jenifer McDonald at jenifer@caws-esop.org or 916.333.3280

 

Minnesota/Dakotas Chapter – Spring Chapter Meeting (Minneapolis, MN)

April 30, 2015
Minnesota/Dakotas Chapter
2015 Spring Chapter Meeting – Minneapolis
Ramada Plaza
Minneapolis, MN
CEO, CFO, and HR Roundtables will also be held at this conference.
For more information contact Sue Crockett at scrockett@esopexec.org or 612.872.4375

Filed under: Chapter News,

An ESOP Question Answered

At a March 18, 2015 Education & the Workforce Hearing with Department of Labor Secretary Thomas Perez, Congressman Brett Guthrie (R-KY) asked the Secretary about ESOPs. Below is Secretary Perez’s response.

Watch the video.

We plan to share this clip with our Kentucky members, but given the recent, and ongoing, discussions with the Department of Labor regarding ESOPs, we thought we’d share with our readers here.

Filed under: Employee Ownership Message, ,

ESOP Transactions

The Employee Ownership Foundation, the affiliated foundation of The ESOP Association, is collaborating with the National Center for Employee Ownership (NCEO) on ESOP transactions metrics. If you would like to participate in this survey, please see below.

Following is an explanation provided to the Foundation by the NCEO.

Share Your Data: The ESOP Transaction Survey

The NCEO requests the help of current ESOP companies to share some core measures of their ESOP transactions, such as the types of service providers involved, the percentage of shares, and the broad cost range.

You can learn more about the survey and then fill it out here. It should take no more than 15 minutes and requires minimal research, if any.

Your responses will be completely confidential, and the NCEO will release only aggregate results to avoid any exposure for individual companies or even small groups of companies.

The NCEO’s goal is to publish an easy-to-find document that can help business owners considering an ESOP ask the right questions and maximize the chances that companies end up with the best transaction for their situation.

Contact Nancy Wiefek at the NCEO (NWiefek AT nceo.org510-208-1312) with questions.

Filed under: Employee Ownership Foundation, , ,

AACE Awards 2015 – And the Winner is. . .

esopaacedarkerCongratulations to the 2015 AACE Award winners. Winners will be honored at the 24th Annual Awards Ceremony on May 6, 2015 in Washington, DC and all 2015 AACE Award entries will be on display during the Annual Conference. Join us in Washington, DC, connect with employee owners in the ESOP community and take the opportunity to view the creativity on display at the AACE Awards exhibition. More information about the Awards Ceremony and the Annual Conference can be found here.

Additional information about the AACE Awards can be found here.

 

2015 winners are:

Category 1A, Total Communications, 250 or Fewer Employees

Winner: MidSouth Building Supply, Inc., Springfield, Virginia

Runner-Up: BL Companies, Inc., Meriden, Connecticut


Category 1B, Total Communications, Over 250 Employees

Winner: Recology, San Francisco, California

Runner-Up: Burns & McDonnell, Kansas City, Missouri

 

Category 2A, Presentation Videos, 250 or Fewer Employees

Winner: PERRY ProTECH, Limo, Ohio
Winning Video: ESOP’s Gonna Take Us Far

Runner-Up: Webb Landscape, Inc., Bellevue, Idaho
Winning Video: Webb’s Employee Stock Ownership Plan

 

Category 2B, Presentation Videos, Over 250 Employees

Winner: Big G Express, Inc., Shelbyville, Tennessee
Winning Video: Big G Express Employee Ownership

Runner-Up: Van Meter Inc., Cedar Rapids, Iowa
Winning Video: Welcome to Employee Ownership

 

Category 3A, Printed Materials, 250 or Fewer Employees

Winner: BL Companies, Inc., Meriden, Connecticut

Runner-Up: Sentry Equipment Corp., Oconomowoc, Wisconsin


Category 3B, Printed Materials, Over 250 Employees

Winner: Van Meter Inc., Cedar Rapids, Iowa

Runner-Up: Eagle Communications, Inc., Hays, Kansas

 

Category 4A, Intranets, 250 or Fewer Employees

Winner: Sentry Equipment Corp., Oconomowoc, Wisconsin


Category 4B, Intranets, Over 250 Employees

Winner: Acadian Ambulance Service, Inc., Lafayette, Louisiana

Runner-Up: Chemonics International Inc., Washington, DC

 

Category 5A, ESOP Advertising/Ownership Marketing, 250 or Fewer Employees

Winner: Carl Warren & Company, Placentia, California

Runner-Up: MidSouth Building Supply, Inc., Springfield, Virginia


Category 5B, ESOP Advertising/Ownership Marketing, Over 250 Employees

Winner: Burns & McDonnell, Kansas City, Missouri

Runner-Up: Recology, San Francisco, California

 

Category 6A, Special Events & Promotions – One Outstanding Event, 250 or Fewer Employees

Winner: ComSonics, Inc., Harrisonburg, Virginia

Runner-Up: Fabric Services, Bristol, Indiana


Category 6B, Special Events & Promotions – One Outstanding Event, Over 250 Employees

Winner: HISCO, Inc., Houston, Texas

Runner-Up: Glatfelter Insurance Group, York, Pennsylvania

 

Category 7A, Special Events & Promotions – Series of Events, 250 or Fewer Employees

Winner: Technomics, Inc., Arlington Virginia

Runner-Up: Wiley|Wilson, Lynchburg, Virginia


Category 7B, Special Events & Promotions – Series of Events, Over 250 Employees

Winner: Glatfelter Insurance Group, York, Pennsylvania

Runner-Up: Eagle Communications, Inc., Hays, Kansas

 

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.

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

March 2015 ESOP Report

The March 2015 ESOP Report newsletter is now available for members. To access this month’s issue, you’ll need to sign into The ESOP Association’s website. The Member Sign In button is located at the top of the page.

To get to the ESOP Report, click Meet & Learn. A link to the ESOP Report is located on the left side menu.

March2015ESOPReportCOVERsmall

Filed under: Member Services, Publication, ,

Updated Publication: Issue Brief #23

issuebriefpic#23White Paper on Recommended Procedure for ESOP Companies in Response to Auditors Request for ESOP Valuation Report has recently been updated by The ESOP Association’s Advisory Committee on Valuation.

Issue Briefs are one to three page papers discussing a variety of legal, financial and operational issues relating to ESOPs. These briefs are updated regularly. All files are available in .pdf format.

Members FREE / Non-Members can purchase Issues Briefs for $6.00 on the website

Members can visit the website to download free Issue Briefs or call 202/293-2971, email pubs@esopassociation.org.

Filed under: Issue Brief, Publication,

2015 Annual Conference Preliminary Agenda Available

esop-slide-template - 2015 Annual Conference

The Preliminary Agenda for The ESOP Association’s 2015 Annual Conference is now available on the Association’s website.

Take a look and plan your time at the 2015 Conference this May. We have sessions to benefit attendees from every sector of the employee ownership community.

The on-line registration, a link for on-line hotel reservations, and a printable conference registration form are also available on the website.

The website will be updated as new information becomes available so check back often.

If you have questions, contact The ESOP Association at 202-293-2971 and ask for Maya Van Buren or Rosemary Clements or send an email to meetings@esopassociation.org.

“The ESOP Association Where the ESOP Community Meets”

Filed under: Conference Information,

March 2015 Outside Board Registry Now Available

The ESOP Association’s Outside Board Registry — a list of potential board members knowledgeable about and familiar with ESOPs and employee ownership — has been updated for March 2015. It’s now available for members on the website.

Members of The ESOP Association can be listed free of charge in the registry. To be listed, participants must be employed at or retired from a current ESOP Association member company, or be a current member of the Association in any member category. There is no charge for the registry if requested by a member of the Association.

If you would like to be included in this registry, contact Sharon Spencer at Sharon AT esopassociation.org.

The registry can be found on The ESOP Association’s website under Network. To access the information, you will need to login. The member login is at the top of the page. The Outside Board Register is a member service provided by The ESOP Association.

Filed under: Member Services,

ESOP Association Members Make Fortune’s 2015 100 Best Companies to Work For List

We noted this news on Twitter recently but wanted to once more congratulate four members of The ESOP Association that have been named to Fortune’s list of the 100 Best Companies to Work For. Way to go ESOP companies!

Burns & McDonnell Engineers-Architects, Kansas City, MO

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

Publix Super Markets, Inc., Lakeland, FL

TDIndustries, Inc., Dallas, TX

To view the complete list, click here.

Filed under: TEA Members

The Department of Labor Seeks Comments on Proposed Regulation on the Definition of Adequate Consideration

In lieu of mandating that appraisers of private company stock held, or stock held by an ESOP, be ERISA fiduciaries, the Department of Labor is seriously considering reissuing the May 17, 1988, proposed “Adequate Consideration” regulation. In turn, a senior official of the Department has asked that The ESOP Association provide its thinking as to what a re-proposed Adequate Consideration regulation should provide in terms of ensuring ESOP appraisals be in accord with the laws governing private company ESOP appraisals.

The Association’s Washington office committed to the Department to honor its request for input. Thus, the Association’s Advisory Committee on Legislative and Regulatory Issues, and its Advisory Committee on Valuation, are developing a response for the Association to the Department’s request.

Discussion about content of the proposed 1988 Adequate Consideration regulation were a focus of the recent Professional Forum held in New Orleans in February 2015.

A copy of the proposed 1988 regulation is available on the Association’s website on the Legislative and Regulatory Issues Committee’s page. You will need to login to access the file. Once logged in:

Go to -> About the Association

On left side menu click -> Advisory Committees

Then -> Legislative & Regulatory

It’s posted under the section titled ESOP Regulations Needed Guidance

In 1988, The ESOP Association included information in the ESOP Report on this proposed regulation. To read that story, ESOP Report Adequate Consideration Article Feb 1988.

Filed under: Government Affairs, ,

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