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

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.

July 2013 Re-Cap

It’s the 31st of July which means it’s time for the monthly link up.

Tax Reform Update from July 3rd – Senate Opens Process to Decide What Tax Benefits to Keep

Senator Kelly Ayotte Seeks Cosponsors for S. 273

Help Save ESOP Tax Law

ESOP Association member, C.S. Davidson, Inc. Honored with Well Workplace Award through the Lancaster County Business Group on Health

Center for American Progress Report Cites Need for More Inclusive Capitalism

ESOP Association President Participates in Senate Small Business Committee Tax Roundtable

July 2013 ESOP Report was released

AICPA Supports Bills to Block Change in DOL Fiduciary Rule for Appraisers of ESOPs

The ESOP Association Announced a New Issue Brief from the Advisory Committee on Valuation — White Paper on Valuing Synthetic Equity

Once Again: Save ESOPs

A reminder about the upcoming 2013 Employee Owner Retreat

Coalition to Protect Retirement Sends Letter to Senate Regarding Tax Reform; Retirement Savings Network Also Sends Letter

ESOP Association Member, Carl Warren & Company, Honored as 2013 ESOP Company of the Year

Announcing a New Issue Brief — White Paper on Valuing Synthetic Equity

Issue Brief GraphicThis Issue Brief White Paper is to address issues that may arise when valuing the equity in ESOP-owned companies that have synthetic equity, or similar arrangements, embedded in their capital structure. It is specifically addressed to ESOP trustees and fiduciaries charged with approving the valuations of ESOP held employer securities. This Issue Brief White Paper was recently released by The ESOP Association’s Advisory Committee on Valuation.

The ESOP Association wishes to acknowledge, and express its thanks, to the volunteer members of the Association’s Advisory Committee on Valuation who worked on this project and the Committee Chair, Jeffrey Tarbell, ASA, CFA, Director, Houlihan Lokey, San Francisco, CA.

Valuing Synthetic Equity is available on The ESOP Association’s website, www.esopassociation.org. For additional information, email pubs@esopassociation.org, or call 202/293-2971.

Issue Briefs are FREE to Association members

Non-Member Price $6.00

New White Paper on Valuation Published by The ESOP Association

Issue Brief #27, A Framework for Understanding the Impact of Repurchase Obligation on Share Price, has been published by The ESOP Association. It was written by members of the Association’s Advisory Committee on Valuation. Special thanks to the members of the Committee and Committee Chair, Jim Ahern, Managing Director of ComStock Advisors of Wheaton, IL for their work on this project.

The Preamble:

The ESOP Association’s Advisory Committee on Valuation (“ACV”) of recently published Issue Brief No. 25, The Integrated Relationships of ESOP Repurchase Obligation and Valuation, to help further the discussion of the impact of repurchase obligation on the valuation of ESOP companies.  That White Paper stressed the importance for private companies to plan for and manage their ESOP repurchase obligation in the context of a retirement benefit, ownership structure, and demand for capital.  The ACV continues the discussion in this white paper by introducing the concept of opportunity cost.

Members of The ESOP Association can download a copy of the Issue Brief in the members only section of the website. Issue Briefs are free to Association members. Non-Members can purchase the Issue Brief online or by calling 202/293-2971.