The ESOP Association Blog

Covering ESOPs and employee ownership

The ESOP Association’s Outside Board Registry

As a member service, The ESOP Association maintains an Outside Board Registry. This registry is a list of potential board members knowledgeable about and familiar with ESOPs and employee ownership.

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

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, Publication, TEA Members, , , ,

The ESOP Association Announces 2014 Silver ESOP Award Recipients

The ESOP Association sent out the following release this morning announcing the 2014 Silver ESOP Award Recipients. We’re sharing with readers here. Congratulations to all 2014 recipients.

For Immediate Release: April 16, 2014

For More Information: Amy Gwiazdowski, 202/293-2971, amy AT

The ESOP Association Announces 2014 Silver ESOP Award Recipients

April 16, 2014 (Washington, DC) – The ESOP Association has presented 45 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 2014.

This is the seventh 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; 2011, 41 members; 2012, 49 members; and in 2013, 26 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 45 ESOP companies with the 2014 Silver ESOP Award for excellence in sustaining their ESOP for 25 years,” said ESOP Association President, J. Michael Keeling. “Research proves that employee owned companies provide more sustainable employment and preserve locally-controlled jobs in today’s global economy.”

2014 Silver ESOP Award Recipients:

Accutrex Products, Inc., Canonsburg, PA

AGM Container Controls, Inc., Tucson, AZ

Allen Insurance and Financial, Camden, ME

American Technical Publishers, Inc., Orland Park, IL

Atlantic Track & Turnout Company, Bloomfield, IN

Avery W. Hall Insurance Agency, Inc., Salisbury, MD

Chesapeake Financial Shares, Inc., Kilmarnock, VA

Citizens Telephone Company of Higginsville, Higginsville, MO

Cleaves-Bessmer-Marietti, Inc., Kansas City, MO

Delta Star, Inc., Lynchburg, VA

Diversified Industrial Capital Group, Inc., Cincinnati, OH

ESOP Services, Inc., Scottsville, VA

Financial Corp. of LA, Crowley, LA

First Citizens Bankshares, Waxahachie, TX

Floturn, Inc., Fairfield, OH

H & G Sales, Inc., Saint Louis, MO

Harps Food Stores, Springdale, AR

Houchens Industries, Inc., Bowling Green, KY

J. F. White Contracting Company, Framingham, MA

Johnson Supply, Houston, TX

Leighton Enterprises, Inc., Saint Cloud, MN

Mattern & Craig, Inc., Roanoke, VA

McBride & Son Companies, Inc., Chesterfield, MO

McGarvin-Moberly Construction Company, Worland, WY

Morley Builders, Santa Monica, CA

Morrow Insurance Agency, Inc., Hendersonville, NC

Moss Engineering Corp., Fort Wayne, IN

National Wire & Cable Corporation, Los Angeles, CA

NCM Associates, Inc., Shawnee Mission, KS

Newton Manufacturing Company, Newton, IA

NTH Consultants, Ltd., Northville, MI

Ollis & Company, Springfield, MO

ParEn, Inc. Dba Park Engineering, Honolulu, HI

Physical Sciences Inc., Andover, MA

Plastic Products Company, Inc., Lindstrom, MN

Pleune Service Company, Grand Rapids, MI

SC2 Inc., Peoria, IL

Scicom Data Services, Minnetonka, MN

SECHAN Electronics, Inc., Lititz, PA

Southeast Power Systems, Inc., Orlando, FL

SPS Companies, Inc., Minneapolis, MN

The Bank NA, McAlester, OK

Tunnell Consulting, Inc., King of Prussia, PA

Unette Corporation, Randolph, NJ

Vigo Coal Company, Inc., Evansville, IN

All 312 Silver ESOP Award recipients will be honored at The ESOP Association’s Annual Conference in May (May 8 – 9, 2014) and highlighted at the 23rd Annual Awards Ceremony held on the evening of May 7th.


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 – and blog –

Filed under: Silver ESOP Awards, 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 with information and photos. We’ll include as many member posts as we can.

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

ESOP Association Welcomes New Members

Welcome to our new members!

Corporate members:

Acme Mechanical Contractors, Manassas, VA

Avtask, Inc., Wright City, MO

Central Milling Holdings, Inc., Logan, UT

Construction Midwest Inc., New Hope, MN

E. T. Horn Company, La Mirada, CA

Edminster Hinshaw Russ & Associates Dba EHRA, Houston, TX

Health Management Associates, Tallahassee, FL

INSPRO, Inc., Lincoln, NE

J. F. White Contracting Company, Framingham, MA

Kentwood Office Furniture, Grand Rapids, MI

McKay Nursery Company, Waterloo, WI

Morley Builders, Santa Monica, CA

Northwest River Supplies, Inc., Moscow, ID

Palmer Engineering, Winchester, KY

PFS Corporation, Cottage Grove, WI

Professional Risk Associates, Midlothian, VA

Rainbow Tree Company, Hopkins, MN

Reese Central Wholesale, Inc., Indianapolis, IN

Robinson Home Products Inc., Williamsville, NY

Select Health Care, Inc., Rome, GA

Sierra Pacific Engineering and Products, Long Beach, CA

Sterling Global Operations, Inc., Lenoir City, TN

Storage Solutions, Westfield, IN

The Bernard Group, Inc., Chaska, MN

TRS Group, Inc., Longview, WA

W.B. Young Co., Inc., Marshall, MO

Professional members:

Mr. Larry Guenther, BMO Harris Bank N.A., Omaha, NE

Mr. Kevin Munro, BMO Harris Bank N.A., Omaha, NE

Ms. Linda Stanley, Bonn, Dioguardi & Ray, LLP, Rochester, NY

Mr. Jamie Kuntz, Brady Martz & Associates, PC, Grand Forks, ND

Mr. Kevin Kellner, Bremer Bank, Saint Paul, MN

Ms. Rose Newport, Butcher Joseph Hayes LLC, Clayton, MO

Mr. Gilbert C. Van Loon, Butler Snow, Ridgeland, MS

Mr. Ted Margarit, Chartwell Capital Solutions, Minneapolis, MN

Ms. Beth Auterman, CliftonLarsonAllen, Champaign, IL

Ms. Annette Smith, Expense Reduction Analysts, Inc., Addison, TX

Ms. Cynthia Shupe, Fennemore Craig, Phoenix, AZ

Mr. Karl Buettner, Gatehouse Ventures, Devault, PA

Mr. Brad Boggs, GBQ Consulting LLC, Columbus, OH

Mr. Daniel N. Janich, Greensfelder, Hemker & Gale, P.C., Chicago, IL

Mr. David N. Levine, Groom Law Group, Chartered, Washington, DC

Mr. Christopher Nakamura, JP Morgan Chase, New York, NY

Mr. Alexander L. Mounts, Krieg DeVault LLP, Minneapolis, MN

Mr. Scott Morrisson, Krieg DeVault LLP, Indianapolis, IN

Mr. Yue Gao, Menke & Associates, Inc., San Francisco, CA

Mr. Zaldy Jucal, Menke & Associates, Inc., Los Angeles, CA

Ms. Maycel Livica, Menke & Associates, Inc., Las Vegas, NV

Mr. Thomas Welch, Palisade Asset Management, LLC, Minneapolis, MN

Mr. Peter D. Rocca, Palisade Asset Management, LLC, Minneapolis, MN

Mr. Patrick H. Flynn, Private Capital Corporation, San Rafael, CA

Mr. Michael Kouyoumdjian, Roorda, Piquet & Bessee, Inc. CPAs, Riverside, CA

Mr. Steve Smith, Sheldrick, McGehee & Kohler, LLC, Jacksonville, FL

Mr. Charles Dyke, Trucker Huss APC, San Francisco, CA

Mr. Stanley Slabas, Verit Advisors, LLC, Chicago, IL

Ms. Cindy Flanders, Verit Advisors, LLC, Chicago, IL

Mr. Anthony J. Eppert, Winstead PC, Houston, TX

Mr. Daivd W. Jackson, Winstead PC, Houston, TX

Ms. Kendra L. Castelloni, Wintrust Financial Corporation, Chicago, IL

Mr. Lucas Denberg, Zick Business Advisors, Inc., Englewood, CO

More information on ESOP Association membership here.

Filed under: Member Services, TEA Members,

ESOP Association Members Make Fortune’s 2014 100 Best Companies to Work For

Congratulations go out to four 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

Publix Super Markets, Inc., Lakeland, FL

TDIndustries, Inc., Dallas, TX

“Congratulations to our members,” said ESOP Association President, J. Michael Keeling. “Employees with employee stock ownership, including those with ESOPs, in general, have more sustainable employment. Our national leaders need to take note and understand that we need national policies to encourage employee stock ownership among working Americans. It’s the best jobs policy we have.”

To view the complete list, click here.

Filed under: News Links, 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, ,

2014 AACE Awards Program

esopaacedarkerThe AACE Awards program will see a few changes in 2014. Following is a brief roundup; for more information, please visit the AACE Awards page on The ESOP Association’s website.  Additional information will be posted in the coming weeks.

We’re looking forward to another year of exceptional entries from ESOP Association members.

New Deadline

The new deadline will be February 14th (Valentine’s Day) for all materials.

Presentation Videos

All presentation videos should be put on YouTube, with a link provided via email by February 14th. There is a new five (5) minute time limit. Be sure to also provide the link on the entry form.

Internet Entries

Links to internet entries should also be provided via email by February 14th. Be sure to also provide the link on the entry form.

Intranet Entries

A link to a web address is preferred (limited access if needed), along with a password. Be sure to also provide the web address and password on the entry form. Intranet entries can be printed, but text must be large enough to read easily. Full page screen shots are acceptable, showing what would be available in a browser. You may black out private information. As an alternative, a CD/DVD can be sent in the formats of PDF (readable in the free version of Adobe Acrobat), JPG or PNG. Label clearly. (All deadlines are arrival by February 14th).

Links for presentation videos, internet entries, and intranet entries should all be provided via email to PatBarnesArt AT

Categories Prepared As Separate Units

Each category should be entered as a separate unit, either in a (tabbed) larger notebook(s) or in individual smaller notebooks. It is very important that these be labeled and easy for judges to find. There is no need to send another notebook for the Total Communications Category, unless there are additional materials not included in the other individual units. This category should also be marked on the entry form.

For questions regarding these changes or about the AACE Awards program, please contact Pat Barnes at PatBarnesArt AT, or call (304) 876-3624.

Filed under: AACE - Annual Awards for Communications Excellence, Member Services, TEA Members, , , ,

Carolinas Chapter Hosts ESOP U Summer Conference

Carolinas Chapter members met at the Pinehurst Resort on August 15-16 for the Sixth Annual ESOP U Summer Conference and Golf Outing. Members raised $651 for the Employee Ownership Foundation at the Golf Outing and during a Chinese Auction at the Conference. Invited guest speakers included Frieda Takaki, Chair of the Employee Ownership Foundation, Lonnie Peppler-Moyer, Board of Governors members, and ESOP Association President, J. Michael Keeling.


Filed under: Chapter News, Employee Ownership Foundation, , ,

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 88 other followers

Proudly Celebrating the ESOP Fiduciary Insurance Member Program

Flickr Stream

2014 Annual Conference in Washington DC

More Photos

Get every new post delivered to your Inbox.

Join 88 other followers