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!

RELEASE: The ESOP Association Announces 2015 Silver ESOP Award Recipients

The following release was sent out by The ESOP Association today. Congratulations to all 2015 Silver ESOP Award Recipients.

For Immediate Release: April 15, 2015

The ESOP Association Announces 2015 Silver ESOP Award Recipients

April 15, 2015 (Washington, DC) – The ESOP Association has presented 48 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 2015.

This is the eighth 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; 2013, 26 members; and in 2014, 45 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 the following 48 ESOP companies with the 2015 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. The 300 plus Silver ESOP companies who are members of the Association prove that employee stock ownership through the ESOP is not a short-term corporate model.”

2015 Silver ESOP Award Recipients:

Acme Rigging & Supply Co., Inc., Ukiah, CA

Alpine Lumber Company, Westminster, CO

Ankrom Moisan Architects, Inc., Portland, OR

Aubrey Silvey Enterprises, Inc., Carrollton, GA

AVI Systems, Inc., Lenexa, KS

Barkley, Kansas City, MO

Cactus Feeders, Inc., Amarillo, TX

Carbo Forge, Inc., Fremont, OH

Cellusuede Products, Inc., Rockford, IL

Central Bag Company, Leavenworth, KS

Consulting Engineers Group, Inc., Mount Prospect, IL

CSR, Incorporated, Arlington, VA

Dealers Electrical Supply Co., Waco, TX

Dental Health Services, Inc., Long Beach, CA

Diamond Saw Works, Inc., Chaffee, NY

Dynetics, Inc., Huntsville, AL

ESOP of People’s Bank and Trust Co., Byrdstown, TN

First State Bancorp of Monticello Inc., Monticello, IL

Hainje’s, Inc., Brewton, AL

Hanson Group, Inc., Springfield, IL

Hoffman & Hoffman, Inc., Greensboro, NC

Hyspeco, Inc., Springfield, MO

ICM, Inc., Jacksonville, AR

Kapco Global, Brea, CA

Keenan Energy Company, Columbia, SC

Kleinfelder, Inc., Oakland, CA

Lesman Instrument Company, Bensenville, IL

Los Alamos National Bank, Los Alamos, NM

Lumbermen’s, Inc., Grand Rapids, MI

Marco, Saint Cloud, MN

Market Contractors, LTD., Portland, OR

McCreary Bancshares, Inc., Whitley City, KY

McLean Contracting Company, Glen Burnie, MD

Moss Engineering Corp., Fort Wayne, IN

Olum’s of Binghamton, Inc., Vestal, NY

Parksite Inc., Batavia, IL

Plastic Products Company, Inc., Lindstrom, MN

Rapid Line Inc., Grand Rapids, MI

Saginaw Bay Underwriters, Saginaw, MI

Spirol International Holding Company, Danielson, CT

TDIndustries, Inc., Dallas, TX

Tecolote Research, Inc., Goleta, CA

The Feingold Companies, Worcester, MA

The Plastic Forming Company, Inc., Woodbridge, CT

TriMark Corporation, New Hampton, IA

United States Sugar Corporation, Clewiston, FL

Watkins Ross & Company, Grand Rapids, MI

Your Building Centers, Inc., Altoona, PA

Over 300 Silver ESOP Award recipients will be honored at The ESOP Association’s Annual Conference in May (May 7 – 8, 2015) and highlighted at the 24th Annual Awards Ceremony held on the evening of May 6th.

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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.

 

More Information:

Amy Gwiazdowski

202/293-2971

amy@esopassociation.org

@ESOPAssociation

May 2014 Wrap-Up

It’s June and that means it’s time for a May link round up.

Moody’s Collision Centers, Inc. hosted an event with Senator Susan Collins in Gorham, ME

We shared a photo of the 2014 Employee Ownership Month Poster Contest Winner

The May 2014 ESOP Report was released

We highlighted the ABCs of ESOPs

The Employee Owner Retreat is open for registration

Big G Express hosted at event with Congresswoman Diane Black in Shelbyville, TN

We shared some photos from the 2014 Annual Conference in Washington, DC

The Leading in an Ownership Setting Program is open for registration

We featured items from the Employee Ownership Foundation Auction that took place at the Annual Conference

We announced the 2014 ESOP Award Winners

We shared video highlights from the Awards Ceremony

We shared a link to the Annual Conference Lobbying Kit

We extended an invitation to Conference attendees to visit the AACE Awards display

The Annual Conference App was announced

2014 Award Winners

The following press releases were sent out by The ESOP Association announcing the winners of the 2014 AACE Awards and the 2014 ESOP Awards. We’ve also included news and announcements regarding new Board of Directors members, new Advisory Committee Chairs, and the announcement of the 2014 – 2015 Kelso Fellowships. All of this information is available on The ESOP Association’s website.

Congratulations to all the 2014 award winners.

The ESOP Association Honors Members for Excellence in Employee Ownership Communications

The ESOP Association is pleased to announce the 2014 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 37th 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 2014 AACE Award winners are:

Total Communications Program, 250 or Fewer Employees

Winner: PERRY proTECH, Lima, Ohio

Runner Up: Salem Distributing Company, Inc., Winston-Salem, North Carolina

Total Communications Program, Over 250 Employees

Winner: Van Meter Inc., Cedar Rapids, Iowa

Runner Up: Recology, San Francisco, California

Video, 250 or Fewer Employees

Winner: Engineering America, Inc., Saint Paul, Minnesota

Video, Over 250 Employees

Winner: Austin Industries, Inc., Dallas, Texas

Runner Up: The Haskell Company, Jacksonville, Florida

Printed Materials, 250 or Fewer Employees

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

Runner Up: PERRY proTECH, Lima, Ohio

Printed Materials, Over 250 Employees

Winner: Eagle Communications, Inc., Hays, Kansas

Runner Up: Van Meter Inc., Cedar Rapids, Iowa

Intranet, Over 250 Employees

Winner: Recology, San Francisco, California

Runner Up: Maine Drilling & Blasting, Inc., Gardiner, Maine

ESOP Advertising, Ownership Marketing – General

Winner: Carris Reels, Inc., Proctor, Vermont

Runner Up: Van Meter Inc., Cedar Rapids, Iowa

ESOP Advertising, Ownership Marketing – Website

Winner: Burns & McDonnell, Kansas City, Missouri

Runner Up: Van Meter Inc., Cedar Rapids, Iowa

Special Events & Promotions, 1 Outstanding Event, 250 or Fewer Employees

Winner: Wiley|Wilson, Lynchburg, Virginia

Runner Up: Priority Sign, Sheboygan, Wisconsin

Special Events & Promotions, 1 Outstanding Event, Over 250 Employees

Winner: Douglas Machine Inc., Alexandria, Minnesota

Runner Up: CarePro Health Services, Cedar Rapids, Iowa

Special Events & Promotions, Series, 250 or Fewer Employees

Winner: Adworkshop, Inc., Lake Placid, New York

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

Special Events & Promotions, Series, Over 250 Employees

Winner: Entertainment Partners, Burbank, California

Runner Up: Apache Inc., Cedar Rapids, Iowa

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Steve Earle of Mid South Building Supply, Inc. Named 2014 Employee Owner of the Year by The ESOP Association

Steve Earle of Mid South Building Supply, Inc., located in Springfield, Virginia, has been named the 2014 Employee Owner of the Year by The ESOP Association. The award was presented at the Association’s 37th Annual Conference in Washington, DC. 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.

Mr. Earle is the Director of Installations – Cabinetry for Mid South Building Supply, Inc. He joined the company in 2002 and has been actively involved since he became an employee owner. Continually working to explain the concept of shared ownership to his fellow employee owners, he is a member of the company’s Board of Directors and an ESOP Trustee. He ran for election to this position in 2006 and has been elected every year since. As stated by Mid South’s President, Drew Tavss, “We not only found an ESOP cheerleader, but a true leader.” Mr. Earle’s ESOP involvement goes beyond Mid South: he’s an active member of the Association’s Mid-Atlantic Chapter, volunteering his time as Vice President of the Capital Region; a speaker on ESOP issues at both Chapter and National meetings; he participates in the Association’s AACE Awards competition on a yearly basis; participates in Employee Ownership Month activities each October; and still finds time to mentor Mid South employees on ESOP issues. He understands what it means to be 100% employee owned and 100% customer committed.

Mid South Building Supply, Inc. is a wholesale distributor of residential building products. The company supplies remodeling contractors and residential home builders and specializes primarily in kitchen and bath cabinetry, exterior siding products, and new and replacement windows and doors. The company was founded in 1966 and remained family owned until 1985 when its founders sold the business to the Mid South Building Supply Employee Stock Ownership Trust. Mid South immediately became one of the first 100% employee-owned, 100% bank-financed transactions to occur in the ESOP community. More information about Mid South Building Supply: http://www.msbs.net/.

“Steve is a true ESOP leader, not only at his company, but in the ESOP community as well. I’m pleased to present him with the 2014 Employee Owner of the Year Award,” said ESOP Association President, J. Michael Keeling. “Steve makes employee ownership real for his fellow employee owners at Mid South and he has carried that message to other companies and to members of Congress. The ESOP community could not ask for a better ambassador.”

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Dakota Supply Group Named 2014 ESOP Company of the Year by The ESOP Association

Dakota Supply Group, an employee-owned company headquartered in Fargo, North Dakota, was named the 2014 ESOP Company of the Year by The ESOP Association. The award was presented at the Association’s 37th Annual Conference in Washington, DC. 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.

Since Dakota Supply Group’s establishment in 1898, the company and employee owners have worked hard at making a name as a full-line distributor of electrical, plumbing, HVAC, refrigeration, communications, utility, automation, waterworks, filtration and metering technology products and systems. In 1996, the company became an ESOP, and in May 2006, Dakota Supply Group became 100% employee owned. Continually growing since 1898, the company has had 10 acquisitions since 1999 and Dakota Supply Group now numbers 595 employee owners and over $350 million in sales. For more information about the company: http://dakotasupplygroup.com.

Dakota Supply Group is a strong supporter of employee ownership and its employee owners strive to represent the company at both Chapter and National ESOP Association events. Employee owners are regular attendees at Minnesota/Dakotas Chapter meetings and enthusiastically participate on Chapter committees and as presenters at Chapter and National conferences. The company actively recruits “Dakotas” ESOP companies to join the Chapter and was a catalyst for changing the Chapter name to accurately represent North Dakota and South Dakota. Working to strengthen employee ownership in America, the employee owners of Dakota Supply Group meet with members of Congress and work to promote ESOP issues not only in their home state but on the national level as well.

“I’m delighted to present the employee owners of Dakota Supply Group with the 2014 ESOP Company of the Year Award,” said ESOP Association President, J. Michael Keeling. “The employee owners integrate the ESOP into all they do at the company and also endeavor to share that ESOP spirit with the community. Dakota Supply Group is an example of the value and potential that employee ownership can bring to a company.”

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Southwest Chapter Wins Big at ESOP Association’s Annual Conference in Washington, DC

Named 2014 ESOP Chapter of the Year

Recognized for Chapter Membership Recruitment

The Southwest Chapter of The ESOP Association was named the 2014 ESOP Chapter of the Year for the second consecutive year by the Association. Additionally, the Chapter was recognized for its commitment to membership recruitment for the third year in a row. The awards were presented at the Association’s 37th Annual Conference in Washington, DC. 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 Association’s Southwest Chapter experienced all-time highs in meeting attendance in 2013 and Chapter members outdid previous work in fundraising for the Association’s affiliated foundation, the Employee Ownership Foundation, and support of the Association’s government relations efforts. The Chapter of the Year Award recognized the Chapter members’ overall work in spreading the employee ownership message in 2013. Members of the Southwest Chapter also met several targets in the promotion of employee ownership in the Southwest region as well as Chapter membership goals in 2013 earning the Chapter recognition for membership recruitment.

The Southwest Chapter was selected from among 18 Association Chapters across the United States for these honors. The Southwest Chapter includes members in Arkansas, Louisiana, New Mexico, Oklahoma, and Texas.

“For the second year in a row, I’m pleased to present the leaders of the Southwest Chapter, and its members, with the 2014 ESOP Chapter of the Year Award. I’m also proud to recognize the Chapter for its membership recruitment efforts for the third consecutive year,” said ESOP Association President, J. Michael Keeling. “The Chapter provides excellent programming and value to ESOP Association members in the Southwest region and members worked hard to meet target prospect goals and to promote the cause of employee ownership among ESOP companies in the Chapter.”

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Tracy Woolsey Named Chapter Officer of the Year by The ESOP Association

Tracy E. Woolsey of Horizon Bancorp, located in Michigan City, Indiana, was named the 2014 Chapter Officer of the Year by The ESOP Association. The award was presented at the Association’s 37th Annual Conference in Washington, DC. 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.

Ms. Woolsey has been actively involved with the Association on both the Chapter and National levels for several years. She is currently President of the Association’s Indiana Chapter and has been influential in the development of the Chapter’s programming and events. Ms. Woolsey has been active in sharing the employee ownership message and working to promote the Association to new members in the Indiana Chapter.

“I’m proud to present Tracy with the Association’s 2014 Chapter Officer of the Year Award,” said ESOP Association President, J. Michael Keeling. “She has contributed to not only the Chapter but the Association as a whole with her leadership of the Indiana Chapter. I’m pleased to present Tracy with this award for her work in promoting the employee ownership message and The ESOP Association.”

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Heart of America Chapter Recognized for Outstanding Membership Development by The ESOP Association

The Heart of America Chapter of The ESOP Association was recognized for its commitment to membership development at the Association’s 37th Annual Conference in Washington, DC. 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 Heart of America Chapter demonstrated a focused commitment to membership development in the last year, and as a result, directly increased membership in the Chapter. The Chapter saw a 9% increase in membership in 2013. The Chapter was selected from among 18 Association Chapters across the United States for this honor. The Heart of America Chapter includes Association members in Kansas and Missouri.

In 2007, the Heart of America Chapter was recognized by The ESOP Association for its commitment to membership recruitment.

“I’m pleased to present the Heart of America Chapter with an Outstanding Membership Development Award for their commitment to increasing membership in The ESOP Association,” said ESOP Association President, J. Michael Keeling.

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Indiana Chapter Recognized for Outstanding Membership Development by The ESOP Association

The Indiana Chapter of The ESOP Association was recognized for its commitment to membership development at the Association’s 37th Annual Conference in Washington, DC. 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 Indiana Chapter demonstrated a focused commitment to membership development in the last year, and as a result, directly increased membership in the Chapter. The Chapter saw a 10% increase in membership in 2013. The Chapter was selected from among 18 Association Chapters across the United States for this honor. The Indiana Chapter represents Association members in Indiana.

In 2006, the Indiana Chapter was recognized for its commitment to membership recruitment, and in 2012, the Chapter was named the ESOP Chapter of the Year by The ESOP Association.

“I’m pleased to present the Indiana Chapter with an Outstanding Membership Development Award for their commitment to increasing membership in The ESOP Association,” said ESOP Association President, J. Michael Keeling.

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Entertainment Partners Wins 2014 Employee Ownership Month Poster Contest

Entertainment Partners, an employee-owned company located in Burbank, California, has been selected by The ESOP Association as its 2014 Employee Ownership Month Poster Contest Winner. The winning poster design was unveiled at the Association’s 37th Annual Conference in Washington, DC. 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.

Entertainment Partners’ mission is to wow clients by delivering personalized client service and innovative, reliable solutions. The company provides payroll services, production employee services, residuals and talents payments, central casting, and production incentives to the entertainment industry. The employee owners of Entertainment Partners number more than 700, with offices in Alabama, Alaska, California, Connecticut, Florida, Georgia, Louisiana, New Mexico, New York, North Carolina, and Pennsylvania. Since 2004, Entertainment Partners has been fully owned by the employees. More information about Entertainment Partners: http://www.entertainmentpartners.com.

Entertainment Partners’s poster was chosen as the 2014 winner because of the idea it expressed: We Own Our Future. This is the second time Entertainment Partners has won this award; the first win was in 2010.

The winning 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/advocate/employee-ownership-month.

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Kathryn Daly Named Outstanding Board of Governors Member by The ESOP Association

Kathryn A. Daly, Managing Director of Chartwell Capital Solutions, located in Portland, Oregon, was named the 2014 Outstanding Board of Governors Member by The ESOP Association. The award was presented at the Association’s 37th Annual Conference in Washington, DC. 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.

Ms. Daly is an active member of The ESOP Association’s Board of Governors and has served in numerous volunteer capacities for the Association; most recently as the Chair of the Advisory Committee’s Chairs Council and as a member of the Association’s Board of Directors. She is involved on both the Chapter and National levels and has been actively working to promote the Association and employee ownership in America.

“I’m proud to present Katie with the Association’s 2014 award for Outstanding Board of Governors Member,” said ESOP Association President, J. Michael Keeling. “Katie is a committed advocate of employee ownership and has shown leadership at the Chapter level as well as taking on additional involvement in programs on the National level. I’m pleased to present her with this award for her work in helping to grow the cause of employee ownership.”

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Brian Bornino Receives 2014 Membership Recruitment Award from The ESOP Association

Brian D. Bornino of GBQ Consulting LLC, located in Columbus, Ohio, was presented with The ESOP Association’s 2014 Membership Recruitment Award for a Professional Member. The award was presented at the Association’s 37th Annual Conference in Washington, DC. 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.

Mr. Bornino is enthusiastically involved in the work of The ESOP Association, and in particular, the Ohio/Kentucky Chapter of the Association. His commitment to employee ownership through the ESOP concept is evident in the work he has done, not only for his clients, but for the Association. Mr. Bornino actively educates companies about the Association and promotes the cause of the Association as well.

“It is my pleasure to present Brian with the 2014 Membership Recruitment Award 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.

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The ESOP Association Announces New Board of Governors Members

The following ESOP Association members have been elected to serve on The ESOP Association’s Board of Governors starting May 1, 2014.

For election to another three-year term to the Board of Governors as a representative of a Corporate Member of The ESOP Association:

  • Carey Chen, CFO &VP/GM Light Industrial Businesses, Hypertherm, Inc., Hanover, New Hampshire

For election to another three-year term to the Board of Governors as a representative of a Professional Member of The ESOP Association:

  • Susan Ledingham, Sr. Administrator, SES Advisors, Inc., Brunswick, Georgia
  • Andrew Ward, Managing Director, Stout Risius Ross, Inc., Chicago, Illinois

For election to the Board of Governors for the first time for a three-year term as a representative of a Corporate Member of The ESOP Association:

  • David R. Corbin, COO, Steve Silver Company, Forney, Texas
  • Roseline H. Marston, President, A.D. Marble & Company, Inc., Conshohocken, Pennsylvania
  • Raman Venkat, Office of the CEO/CFO, LeFiell Manufacturing Company, Santa Fe Springs, California

For election to the Board of Governors for the first time for a three-year term as a representative of a Professional Member of The ESOP Association:

  • Scott D. Miller, CPA/ABV, CVA, President, Enterprise Services, Inc., Delafield, Wisconsin

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The ESOP Association Announces New Advisory Committee Chairs

On May 1, 2014, two ESOP Association members were elected as Advisory Committee Chairs of The ESOP Association. These Committees are comprised primarily of members of the Association who work in the area of their Committee’s jurisdiction. The Advisory Committees play important roles in developing services for members of the Association and are comprised of both corporate and professional members of the Association.

In addition to the new Chairs, Peter J. Shuler of Crowe Horwath LLP, Columbus, Ohio, was named Chair of the Association’s Advisory Committee’s Chairs Council on May 1, 2014.

New Advisory Committee Chairs:

  • Ted M. Becker, Drinker Biddle & Reath, Chicago, Illinois; Chair of the Association’s Interdisciplinary Advisory Committee on Fiduciary Issues
  • Barbara M. Clough, QPA, QKA, Blue Ridge ESOP Associates, East Providence, Rhode Island; Chair of the Association’s Advisory Committee on Administration

Current Advisory Committee Chairs:

  • Steven B. Greenapple, Esq., Steiker, Fischer, Edwards & Greenapple. P.C., Cedar Knolls, New Jersey; Chair of the Association’s Advisory Committee on Legislative & Regulatory Issues
  • Michael J. Harden, Eureka Capital Partners, LLC, Costa Mesa, California; Chair of the Association’s Advisory Committee on Finance
  • Rod Reinertson, Van Meter Inc., Cedar Rapids, Iowa; Chair of the Association’s Committee on Ownership Culture
  • Jeffrey S. Tarbell, Houlihan Lokey, San Francisco, California; Chair of the Association’s Advisory Committee on Valuation

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Employee Ownership Foundation News

Louis O. Kelso Fellows Chosen by Rutgers University

Employee Ownership Foundation Provides Grant for Fellowship Program

The Employee Ownership Foundation is proud to announce the recipients of the Louis O. Kelso Fellowships for 2014 – 2015. The Louis O. Kelso Fellowships are awarded to scholars studying broadened ownership of capital in the U.S. The Fellowships are part of the national fellowship program on employee stock ownership of the School of Management and Labor Relations (SMLR) at Rutgers University. For additional information about the Kelso Fellowships and the SMLR, please visit: http://smlr.rutgers.edu/kelso-fellows.

“The Employee Ownership Foundation is pleased to sponsor the Louis O. Kelso Fellowships through the Rutgers University’s School of Management and Labor Relations,” said Employee Ownership Foundation Chair, Frieda S. Takaki. “We are proud to support this scholarly research on the impact of employee ownership on employees, their companies, the communities, and, yes, our country.”

2014 – 2015 Louis O. Kelso Fellows:

Karla Walter: Master of Urban Planning and Policy, Economic Development, University of Illinois at Chicago, American Worker Project, Center for American Progress, Washington, District of Columbia. Research topic: Federal and State policies on inclusive capitalism in the United States.

Richard Van Doel: PhD candidate in Organizational Leadership, Indiana Wesleyan University, Marion, Indiana. Research topic: Stewardship characteristics of leaders in employee-owned companies.

Vernon Woodley: Assistant Professor in Sociology and Anthropology, Eastern Illinois University, Charleston, Illinois. Research topic: Factors influencing firm decisions to create an ESOP in the United States.

Frank Mullins: Assistant Professor of Management, North Carolina A&T University School of Business and Economics, Greensboro, North Carolina. Research topic: The use and effectiveness of employee ownership in family firms in the United States.

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April 2014 Wrap-Up

It’s been a while, so we thought, why not share some links. Here’s a look back at some April 2014 info.

The 2014 AACE Award winners were announced.

ESOPs were debated at the Supreme Court.

The 2014 Silver ESOP Award Recipients were announced.

We updated the Association’s Outside Board Registry.

We noted a few resources on the Association’s website.

The April 2014 ESOP Report was published.

The 37th Annual Conference App was released.

If you’re joining us at the 37th Annual Conference, here are a few bits of useful info.

The Employee Ownership Foundation announced prizes for the Auction being held at the Annual Conference.

Congratulations to this year’s Chapter award winners.

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 esopassociation.org

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.

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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.

ESOP Association Announces 2013 Award Winners

The following press releases were sent out by The ESOP Association announcing the winners of the 2013 AACE Awards and the 2013 ESOP Awards. We’ve also included news and announcements regarding new Board of Directors members, new Advisory Committee Chairs, and the 2013-2014 Kelso Fellowship recipients. All of this information is available on The ESOP Association’s website.

Congratulations to all the 2013 award winners.

2013 AACE AWARD WINNERS

The ESOP Association Honors Members for Excellence in Employee Ownership Communications

The ESOP Association is pleased to announce the 2013 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 will be presented at the Association’s 36th 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 2013 AACE Award winners are:

Category 1-A, Total Communications Program, 250 or Fewer Employees

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

Runner Up: Murray Securus, Lancaster, PA

Category 1-B, Total Communications Program, Over 250 Employees

Winner: DCS Corporation, Alexandria, VA

Runner Up: Dakota Supply Group, Fargo, ND

Category 2-A, Video, 250 or Fewer Employees

Winner: PERRY ProTECH, Lima, OH

Runner Up: Owner Revolution Inc., Adair, IA

Category 2-B, Video, Over 250 Employees

Winner: Burns & McDonnell, Kansas City, MO

Runner Up: Acadian Ambulance Service, Inc., Lafayette, LA

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

Winner: Lefiell Manufacturing Company, Santa Fe Springs, CA

Runner Up: MidSouth Building Supply Inc., Springfield, VA

Category 3-B, Printed Materials, Over 250 Employees

Winner: KAPCO, Brea, CA

Runner Up: Dakota Supply Group, Fargo, ND

Category 4-A, Intranet, 250 or Fewer Employees

Winner: Wiley & Wilson, Inc., Lynchburg, VA

Runner Up: Monroe Publishing Company, Monroe, MI

Category 4-B, Intranet, Over 250 Employees

Winner: Holden Industries, Inc., Deerfield, IL

Runner Up: The Sleep Train, Inc., Rocklin, CA

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

Winner: Carl Warren & Company, Placentia, CA

Runner Up: Burns & McDonnell, Kansas City, MO

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

Winner: Van Meter Inc., Cedar Rapids, IA

Runner Up: Carris Reels, Inc. Proctor, VT

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

Winner: Priority Sign, Sheboygan, WI

Runner Up: Vermeer Texas-Louisiana, Inc., Irving, TX

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

Winner: Travel & Transport, Inc., Omaha, NE

Runner Up: Carris Reels, Inc., Proctor, VT

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

Winner: Admix, Inc., Manchester, NH

Runner Up: Toll Company, Plymouth, MN

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

Winner: Glatfelter Insurance Group, York, PA

Runner Up: Recology, San Francisco, CA

 

2013 SILVERS ESOP AWARD WINNERS

 

The ESOP Association Announces 2013 Silver ESOP Award Recipients

The ESOP Association has presented 26 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 2013.

This is the sixth 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; and in 2012, 49 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 26 companies with the 2013 Silver ESOP Award for excellence in sustaining their ESOP for 25 years,” said ESOP Association President, J. Michael Keeling. “Research proves that ESOPs, and companies with other forms of employee stock ownership, provide more sustainable employment. Policies to encourage employee stock ownership, and new policies to increase ownership among more working Americans, need to be considered by our national leaders.”

2013 Silver ESOP Award Recipients:

Anderson & Associates, Inc., Blacksburg, VA

Beacon Technical Industries, Inc., Atlanta, GA

Bobbitt Design Build, Inc., Raleigh, NC

Bradford Company, Holland, MI

Brunson Instrument Company, Kansas City, MO

Century Bank & Trust, Coldwater, MI

DCI, Inc., Saint Cloud, MN

Dexter Apache Holdings, Inc., Fairfield, IA

Energy Product Sales, Saint Paul, MN

Forsythe Technology, Inc., Skokie, IL

Frank P. Langley Co., Inc., Amherst, NY

Gardener’s Supply Company, Burlington, VT

Howard’s Appliances, Inc., La Habra, CA

ITA Group, Inc., West Des Moines, IA

John Latta Associates, Inc., Portland, OR

John W. Danforth Co., Tonawanda, NY

Keenan & Associates, Torrance, CA

Keller, Inc., Kaukauna, WI

Lamp, Rynearson & Associates, Inc., Omaha, NE

Pension Works, Inc., Colchester, VT

Precise Metal Products Company, Phoenix, AZ

RPM, Inc., Grand Rapids, MI

SJE-Rhombus, Detroit Lakes, MN

Staab Construction Corporation, Marshfield, WI

West Valley Construction Co., Inc., Campbell, CA

Wheaton Van Lines, Inc., Indianapolis, IN

All 267 Silver ESOP Award recipients were honored at The ESOP Association’s Annual Conference in and highlighted at the 22nd Annual Awards Ceremony held on the evening of May 8th.

2013 ESOP AWARD WINNERS

 

Markita Madden-Puckett of ComSonics, Inc. Named 2013 Employee Owner of the Year by The ESOP Association

Markita Madden-Puckett of ComSonics, Inc., located in Harrisonburg, Virginia, has been named the 2013 Employee Owner of the Year by The ESOP Association. The award was presented at the Association’s 36th Annual Conference in Washington, DC.

Markita Madden-Puckett is a Customer Service Representative for the Western Repair Services Division of ComSonics, Inc. She joined ComSonics in 2001 and has exceeded all expectations of an employee owner. She is head of the company’s ESOP (employee stock ownership plan) Employee Advisory Committee, she has been chair for the last three years, and is active in all aspects of ESOP education at the company. She plans the company’s annual Participant’s Meeting, organizes Employee Ownership Month activities which include education about the company’s ESOP, mentors new employee owners, and conducts a new participants lunch for employee ownership who are eligible for participation in the ESOP. Ms. Madden-Puckett is a strong advocate for the ESOP outside of the company as well. She actively attends both Chapter and National ESOP Association events, and has been a conference speaker multiple times sharing her experiences and ideas with other ESOP companies. She has also taken the time to meet with her member of Congress to discuss the value of employee ownership through the ESOP.

ComSonics, Inc., according to the company’s website, has been building solutions for the cable television industry for over 40 years. Also under the ComSonics, Inc. umbrella is ComSonics Repair Services, ComSonics Mobile Calibration, and CEMSI, the electronic manufacturing service. For more information, please visit: www.comsonics.com.

“Markita is a born leader and a dedicated employee owner of ComSonics. I’m pleased to be able to present her with the 2013 Employee Owner of the Year Award,” said ESOP Association President, J. Michael Keeling. “Her work to promote employee ownership has been felt not only at ComSonics, but throughout the Association’s Mid-Atlantic Chapter and the Association as a whole. Markita has spread the employee ownership message to members of Congress, to companies in her state of Virginia, and shared her experiences with other employee owners. She has made employee ownership real for her company and fellow employee owners.”

 

Carl Warren & Company Named 2013 ESOP Company of the Year by The ESOP Association

Carl Warren & Company, an employee-owned company headquartered in Placentia, California, was named the 2013 ESOP Company of the Year by The ESOP Association. The award was presented at the Association’s 36th Annual Conference in Washington, DC.

Founded in 1944, Carl Warren & Company has provided claim and litigation management services to clients for almost 70 years. The employee-owned company employs approximately 350 individuals with 35 offices across the United States. In 1975, the company established the ESOP (employee stock ownership plan), and 38 years later, the company and employee owners are even more dedicated to the ESOP. The employee owners of Carl Warren have built a culture they are proud of and devote time to the ESOP community and share the idea of employee ownership with companies in their area. For more information, please visit: http://www.carlwarren.com.

Carl Warren & Company is a strong supporter of employee ownership and The ESOP Association. Employee owners attend Chapter and National events, present at conferences and seminars, sharing insights on what it means to be an ESOP company. The company takes advantage of every opportunity to share information about the ESOP, holds regular meetings to talk about the ESOP internally, hosts events for employee owners to share information, and offers educational information to nurture the company’s employee ownership culture. As the company says, “What does it take to build and maintain a successful ESOP? It takes grit, true grit and that is the stuff Carl Warren & Company is made of.”

“I’m thrilled to be able to present the employee owners of Carl Warren & Company with the 2013 ESOP Company of the Year Award,” said ESOP Association President, J. Michael Keeling. “Carl Warren is an ESOP company that values employee involvement, strives to communicate its goals, and accomplishes them. They communicate the ESOP concept not only to the employee owners but to the ESOP community at large.”

 

John P. Murphy of Atlantic Management Company, Inc. Receives 2013 Membership Recruitment Award from The ESOP Association

John P. Murphy of Atlantic Management Company, Inc. located in Portsmouth, New Hampshire, was presented with The ESOP Association’s 2013 Membership Recruitment Award for a Professional Member. The award was presented at the Association’s 36th Annual Conference in Washington, DC.

Mr. Murphy is actively involved in the work of The ESOP Association and in particular, the New England Chapter of the Association. His commitment to employee ownership through the ESOP concept is evident in the work he has done not only for his clients but for the Association. Mr. Murphy actively educates companies about the Association and promotes the cause of the Association as well.

“It is my pleasure to present the 2013 Membership Recruitment Award to John 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.

 

Ronald J. Gilbert of ESOP Services, Inc. Named Outstanding Board of Governors Member by The ESOP Association

Ronald J. Gilbert, President of ESOP Services, Inc., located in Scottsville, Virginia, was named the 2013 Outstanding Board of Governors Member by The ESOP Association. The award was presented at the Association’s 36th Annual Conference in Washington, DC.

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

“I am pleased to present Ron with the 2013 award for Outstanding Board of Governors Member,” said ESOP Association President, J. Michael Keeling. “Ron is a longtime advocate of employee ownership and has done more than anticipated in his role as a Board of Governors member of The ESOP Association.”

 

ComSonics, Inc. Wins 2013 Employee Ownership Month Poster Contest

ComSonics, Inc., an employee-owned company located in Harrisonburg, Virginia has been selected by The ESOP Association as its 2013 Employee Ownership Month Poster Contest Winner. The winning poster design was unveiled at the Association’s 36th Annual Conference in Washington, DC.

ComSonics, Inc., according to the company’s website, has been building solutions for the cable television industry for over 40 years. Also under the ComSonics, Inc. umbrella is ComSonics Repair Services, ComSonics Mobile Calibration, and CEMSI, the electronic manufacturing service. For more information, please visit: www.comsonics.com.

ComSonics’s poster was chosen because of the idea it expressed: ESOP, As American as Me. 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/advocate/employee-ownership-month.

2013 ESOP AWARD WINNERS – CHAPTER WINNERS

Rod Reinertson of Van Meter Inc. Named 2013 Chapter Officer of the Year by The ESOP Association

Rod Reinertson of Van Meter Inc., located in Cedar Rapids, Iowa, was named the 2013 Chapter Officer of the Year by The ESOP Association. The award was presented at the Association’s 36th Annual Conference in Washington, DC.

Mr. Reinertson has been actively involved with the Association on both the Chapter and National levels for several years. He is currently President of the Iowa/Nebraska Chapter of the Association and has been instrumental in the development of the Chapter’s programming and educational events targeting members in Iowa and Nebraska. He has been active in sharing the employee ownership message with members of Congress and working to promote the Association and its message to new members in the Iowa/Nebraska Chapter.

“I’m proud to present Rod with the Association’s 2013 Chapter Officer of the Year Award,” said ESOP Association President, J. Michael Keeling. “Under Rod’s guidance, the Iowa/Nebraska Chapter has brought quality educational opportunities to our members in the region and we are pleased to honor him for his work in promoting employee ownership.”

Southwest Chapter Named 2013 ESOP Chapter of the Year by The ESOP Association

The Southwest Chapter of The ESOP Association was named the 2013 ESOP Chapter of the Year by The ESOP Association. The award was presented at the Association’s 36th Annual Conference in Washington, DC.

The Association’s Southwest Chapter experienced all-time highs in meeting attendance over the last year and Chapter members outdid previous work in support of membership recruitment, fundraising for the Association’s affiliated foundation, the Employee Ownership Foundation, and support of the Association’s government relations efforts. The Southwest Chapter was selected from among 18 Association Chapters across the United States for this honor. The Southwest Chapter includes members in Arkansas, Louisiana, New Mexico, Oklahoma, and Texas.

“The leaders of the Southwest Chapter provide excellent programming and value to ESOP Association members in the Southwest region. I’m proud to honor the Southwest Chapter, and its members, with the 2013 ESOP Chapter of the Year Award,” said ESOP Association President, J. Michael Keeling.

Carolinas Chapter Recognized for Outstanding Membership Development by The ESOP Association

The Carolinas Chapter of The ESOP Association was recognized for its commitment to membership development at the Association’s 36th Annual Conference in Washington, DC.

The Carolinas Chapter demonstrated a focused commitment to membership development in the last year, and as a result, directly increased membership in the Chapter. The Chapter saw a 13.9% increase in membership in 2012. The Chapter, which includes members in North Carolina and South Carolina, was selected from among 18 Association Chapters across the United States for this honor.

“The Carolinas Chapter set a goal of increasing membership by 8% in 2012 and have met that goal and gone above,” said ESOP Association President, J. Michael Keeling. “I’m pleased to present an Outstanding Membership Development Award to the Carolinas Chapter for their commitment to increasing membership in The ESOP Association.”

 

Michigan Chapter Recognized for Outstanding Membership Development by The ESOP Association

The Michigan Chapter of The ESOP Association was recognized for its commitment to membership development at the Association’s 36th Annual Conference in Washington, DC.

The Michigan Chapter demonstrated a focused commitment to membership development in the last year, and as a result, directly increased membership in the Chapter. The Chapter saw an 11.2% increase in membership in 2012. The Chapter was selected from among 18 Association Chapters across the United States for this honor.

“I am pleased to present members of the Michigan Chapter with an Outstanding Membership Development Award for their commitment to increasing membership in The ESOP Association,” said ESOP Association President, J. Michael Keeling. “The Michigan Chapter went above and beyond in sharing the employee ownership message with ESOP companies in their state.”

 

Northwest Chapter Recognized for Outstanding Membership Development by The ESOP Association

The Northwest Chapter of The ESOP Association was recognized for its commitment to membership development at the Association’s 36th Annual Conference in Washington, DC.

The Northwest Chapter demonstrated a focused commitment to membership development in the last year, and as a result, directly increased membership in the Chapter. The Chapter saw an 11.3% increase in membership in 2012. The Chapter was selected from among 18 Association Chapters across the United States for this honor. The Northwest Chapter includes members in Alaska, Montana, Idaho, Oregon, Washington, and Wyoming.

“I’m pleased to present the Northwest Chapter with an Outstanding Membership Development Award for their commitment to increasing membership in The ESOP Association,” said ESOP Association President, J. Michael Keeling. “The Northwest Chapter is a growing Chapter and we are very happy to see new opportunities for members in this region.”

 

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, for the second year in a row, at the Association’s 36th Annual Conference in Washington, DC.

Members of the Southwest Chapter met several targets in the promotion of employee ownership in the southwest region and also met Chapter membership goals in 2012. 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

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

ESOP ASSOCIATION ANNOUNCEMENTS

The ESOP Association Announces New Advisory Committee Chairs

On May 1, 2013, three ESOP Association members became new Advisory Committee Chairs of The ESOP Association. These committees are comprised primarily of members of the Association who work in the area of their Committee’s jurisdiction. The Advisory Committees play important roles in developing services for members of the Association and comprised of both corporate and professional members of the Association.

New Advisory Committee Chairs:

  • Steven B. Greenapple, Esq., Steiker, Fischer, Edwards & Greenapple. P.C., Cedar Knolls, NJ, Chair of the Association’s Advisory Committee on Legislative & Regulatory Issues
  • Jeffrey S. Tarbell, Houlihan Lokey, San Francisco, CA, Chair of the Association’s Advisory Committee on Valuation
  • Michael J. Harden, Eureka Capital Partners, LLC, Chair of the Association’s Advisory Committee on Finance

Current Advisory Committee Chairs:

  • Peter J. Shuler, Crowe Horwath LLP, Columbus OH, Chair of the Association’s Advisory Committee on Administration
  • Dan Marcue, Woodward Communications, Inc., Dubuque, IA, Chair of the Association’s Committee on Ownership Culture
  • Steven D. Smith, Krieg DeVault LLP, Atlanta, GA, Chair of the Association’s Interdisciplinary Advisory Committee on Fiduciary Issues

David L. Kelly Elected Chair of The ESOP Association

Members Installed to Board Positions

David L. Kelly, Executive Vice President and Chief Financial Officer of Acadian Ambulance Service, Inc., located in Lafayette, LA, has been elected to serve as Chair of The ESOP Association. 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.

Mr. Kelly is an active member of The ESOP Association and the Association’s Southwest Chapter. He has served on The ESOP Association’s Board as Vice Chair for the last two years. His term as Chair began May 1, 2013 and will continue until April 30, 2015.

“David has been active in the ESOP community and with the Association for many years,” said ESOP Association President, J. Michael Keeling. “His contributions have increased the effectiveness of Association services and we are excited David will be the Chief Elected Officer of the Association and the primary driver of the Association’s mission to advocate and educate for employee ownership.”

In addition to Mr. Kelly’s election to Chair, Cindy Turcot, Chief Operating Officer of Gardener’s Supply Company in Burlington, VT will become Vice Chair of the Association; David Fitz-Gerald, Vice President, CFO and Treasurer of Carris Reels, Inc. in Proctor, VT will become Secretary/Treasurer; Mark R. Lomele, Senior Vice President and Chief Financial Officer of Recology in San Francisco, CA will become Immediate Past Chair. Joining the Association’s Board as At-Large Board Members representing corporate members: Andrew Kulesza, Chief Financial Officer of R.E. Kramig & Co., Inc. in Cincinnati, OH and J.L. Nichols, III, Chief Executive Officer of Nichols Foodservice, Inc., in Wallace, NC. Joining the Board as an At-Large Board Member representing a professional member: Susan D. Lenczewski, Counsel, Fafinski Mark & Johnson, P.A., in Eden Prairie, MN. Returning Board members: Chair of the Employee Ownership Foundation, Frieda S. Takaki, President/CEO of CHART Rehabilitation of Hawaii, Inc., Honolulu, HI; Chair of the State & Regional Chapter Council, Dan Marcue, Human Resource Director of Woodward Communications, Inc., Dubuque, IA; and Chair of the Advisory Committee’s Chairs Council, Kathryn Daly, Managing Director of Chartwell Capital Solutions, Portland, OR.

The Board of Directors is the premier governing body of The ESOP Association. Seven members of its ten person Board of Directors are elected by the Association’s Board of Governors who are elected by Association members.

LIFE SERVICE AWARD

Frieda S. Takaki Receives Life Service Award from The ESOP Association

For her impressive contributions to the employee ownership community and her commitment to The ESOP Association, Frieda S. Takaki, President and CEO of CHART Rehabilitation of Hawaii, Inc. has been awarded The ESOP Association’s Life Service Award, the Association’s highest honor. The award was presented at the Association’s 36th Annual Conference in Washington, DC. The ESOP Association is the national trade association for companies with employee stock ownership plans (ESOPs) and the leading voice on employee ownership in America.

Ms. Takaki is the current Chair of the Employee Ownership Foundation, The ESOP Association’s affiliated 501(c)(3) Foundation dedicated to promoting employee ownership. She is active in the Hawaii Chapter of The ESOP Association and has served on the Executive Committee’s State & Regional Chapter Council. From 2007 – 2009, Ms. Takaki served as Chair of The ESOP Association.

CHART Rehabilitation of Hawaii, Inc., located in Honolulu, HI, is a multi-disciplinary outpatient physical rehabilitation clinic and is one of the most innovative and comprehensive orthopedic rehabilitation centers in the country. CHART pioneered the active rehab concept in the state of Hawaii in 1979 specializing in work injury and auto accident patients. Ms. Takaki has been with CHART since 1983 and was promoted to President and CEO in 1989.

“Frieda has been active in the ESOP community for many years and is always enthusiastic about her work for the Foundation and the Association,” said President of Employee Ownership Foundation and The ESOP Association, J. Michael Keeling. “She is a dynamic leader who consistently goes above and beyond to advocate for ESOPs and employee ownership in America. Her leadership of the Employee Ownership Foundation has made both the Foundation and the Association better and I am proud to present her with this honor.”

EMPLOYEE OWNERSHIP FOUNDATION NEWS – KELSO FELLOWSHIPS

Louis O. Kelso Fellows Chosen by Rutgers University

Employee Ownership Foundation Provides Grant for Fellowship Program

The Employee Ownership Foundation, is proud to announce the recipients of the Louis O. Kelso Fellowships for 2013- 2014. The Louis O. Kelso Fellowships are awarded to scholars studying broadened ownership of capital in the U.S. The Fellowships are part of the national fellowship program on employee stock ownership of the School of Management and Labor Relations at Rutgers University. For additional information about the Kelso Fellowships and the SMLR, please visit: http://smlr.rutgers.edu/kelso-fellows.

“The Employee Ownership Foundation is pleased to once again sponsor the Louis O. Kelso Fellowships through the Rutgers University’s School of Management and Labor Relations,” said Employee Ownership Foundation Chair, Frieda S. Takaki. “We are proud to support this scholarly research on the impact of employee ownership on employees, their companies, the communities, and, yes, our country.”

Kyongji Han, Ph.D. candidate, School of Management and Labor Relations, Rutgers University. New Brunswick, NJ and Assistant Professor (beginning September 2013), University of Minnesota Labovitz School of Business and Economics, Duluth, MN.

Research Question: How do individual workers respond to aspects of their Employee Stock Ownership Plan (ESOP) and how does this response relate to team performance?

Molly Noble, Ph.D. candidate, Department of Sociology, University of Wisconsin, Madison, WI.

Research Question: How do firms access financing in industries where employee ownership is prevalent and what is the role of the type of employee ownership arrangements in financing?

Stephen H. Wagner, Assistant Professor, Governors State University, University Park, MI. (Ph.D. in Organizational and Industrial Psychology from Northern Illinois University in 2000.)

Research Question: What are the effects of changes in the market value of ESOPs on the mental health of the worker owners?

Tricia McTague, Assistant Professor, Department of Sociology, Eastern Michigan University, Ypsilanti, MI. (Ph.D. in Sociology from North Carolina State University in 2010).

Research Question: What can we learn from the experience of workers in the seventy-five unionized ESOP Homeland Food Stores in Oklahoma and Texas about the relevance of employee ownership to unionized workers?

Tom Malleson, Lecturer, University of Toronto, Department of Political Science. Toronto, Canada. (Ph.D. in Political Theory from the University of Toronto in 2012)

Research Question: What kind of economic arrangements would successfully institutionalize political philosopher John Rawls’ Property-Owning Democracy and create broad-based citizen capital ownership?

The ESOP Association Announces 2013 Silver ESOP Award Recipients

The ESOP Association sent out the following release this morning. We wanted to share the news with readers here. Congratulations to the 2013 ESOP Silver Award Recipients.

For Immediate Release: March 26, 2013

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

The ESOP Association Announces 2013 Silver ESOP Award Recipients

March 26, 2013 (Washington, DC) – The ESOP Association has presented 26 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 2013.

This is the sixth 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; and in 2012, 49 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 26 companies with the 2013 Silver ESOP Award for excellence in sustaining their ESOP for 25 years,” said ESOP Association President, J. Michael Keeling. “Research proves that ESOPs, and companies with other forms of employee stock ownership, provide more sustainable employment. Policies to encourage employee stock ownership, and new policies to increase ownership among more working Americans, need to be considered by our national leaders.” 2013 Silver ESOP Award Recipients:

Anderson & Associates, Inc., Blacksburg, VA

Beacon Technical Industries, Inc., Atlanta, GA

Bobbitt Design Build, Inc., Raleigh, NC

Bradford Company, Holland, MI

Brunson Instrument Company, Kansas City, MO

Century Bank & Trust, Coldwater, MI

DCI, Inc., Saint Cloud, MN

Dexter Apache Holdings, Inc., Fairfield, IA

Energy Product Sales, Saint Paul, MN

Forsythe Technology, Inc., Skokie, IL

Frank P. Langley Co., Inc., Amherst, NY

Gardener’s Supply Company, Burlington, VT

Howard’s Appliances, Inc., La Habra, CA

ITA Group, Inc., West Des Moines, IA

John Latta Associates, Inc., Portland, OR

John W. Danforth Co., Tonawanda, NY

Keenan & Associates, Torrance, CA

Keller, Inc., Kaukauna, WI

Lamp, Rynearson & Associates, Inc., Omaha, NE

Pension Works, Inc., Colchester, VT

Precise Metal Products Company, Phoenix, AZ

RPM, Inc., Grand Rapids, MI

SJE-Rhombus, Detroit Lakes, MN

Staab Construction Corporation, Marshfield, WI

West Valley Construction Co., Inc., Campbell, CA

Wheaton Van Lines, Inc., Indianapolis, IN

All 267 Silver ESOP Award recipients will be honored at The ESOP Association’s Annual Conference in May (May 9 – 10, 2013) and highlighted at the 22nd Annual Awards Ceremony held on the evening of May 8th.

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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.