November 2012 ESOP Report

The November 2012 issue of the ESOP Report is now available for download on The ESOP Association’s website. To download this month’s issue, you’ll need to sign into the website. The Member Sign In button is located at the top of the page. To get to the ESOP Report, click on Meet & Learn. A link to the ESOP Report is located on the left side menu.

October 2012 ESOP Report

The October 2012 issue of the ESOP Report newsletter is now available on The ESOP Association’s website. You’ll need to login to the members only section to access your copy. Go to www.esopassociation.org and click on the members login link at the top right corner of the homepage. The link for the ESOP Report is in the left side menu of the members only section.

The ESOP Association Introduces New Publication on Financing ESOP Transactions

Publications Highlight

NEW — A Guide to Financing ESOP Transactions

Authored by top ESOP experts in the country, this book provides an overview of how ESOPs function and how they are financed. Chapters include the legal and structuring requirements of ESOPs and the loan requirements. The first two chapters are geared to both the advanced reader looking to brush up on some basic concepts, or for an individual relatively new to the world of ESOPs who wants a basic overview before diving into the more advanced technical information. The remaining four chapters delve into the detailed information that is the cornerstone of this book, including that what is most important to lenders involved in making ESOP loans, other professionals seeking guidance on how to better serve their clients and corporate executives active in corporate financings.

Chapter 1 – Tax Incentives for ESOP Companies

Chapter 2 – Legal Requirements for ESOPs

Chapter 3 – Underwriting Considerations in Financing ESOP Companies

Chapter 4 – Junior Debt

Chapter 5 – Equity

Chapter 6 – Documenting Loans to ESOP Companies

Glossary

Available as a book packaged with a CD, or electronic file format. Over 100 pages in length.

Members $50 / Non-Members $150 (plus S&H)

 To order A Guide to Financing ESOP Transactions, visit the website,  or call 202/293-2971.

September 2012 ESOP Report

The September 2012 issue of the ESOP Report newsletter is now available on The ESOP Association’s website. You’ll need to login to the members only section to access your copy. Go to www.esopassociation.org and click on the members login link at the top right corner of the homepage. The link for the ESOP Report is in the left side menu of the members only section.

August 2012 ESOP Report

The August 2012 issue of the ESOP Report newsletter is now available on The ESOP Association’s website. You’ll need to login to the members only section to access your copy. Go to www.esopassociation.org and click on the members only link at the top right corner of the page. The link for the ESOP Report is in the left side menu of the members only section.

April 2012 ESOP Report

The April 2012 issue of the ESOP Report newsletter is now available on The ESOP Association’s website. You’ll need to login to the members only section to access your copy. Go to www.esopassociation.org and click on the members only link at the top right corner of the page. The link for the ESOP Report is in the left side menu of the members only section.

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.