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

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Restek Celebrates EOM with Life Long Learning

Today’s Employee Ownership Month (EOM) story comes from ESOP Association member, Restek Corporation.

On October 1st, Restek had two L3 (Life Long Learning) ESOP presentations from Jeff Gelburd of Murray Securus and Loren Rodgers of the National Center for Employee Ownership (NCEO) to kick-off ESOP month. Jeff’s presentation outlined his ESOP history, what Murray Securus has achieved as an ESOP and what it means to be a successful ESOP. Loren’s presentation outlined the varieties of ESOPs around the world, the state of ESOPs and data on effective ESOPs. We also had a Roundtable event with our ESOP Trustees and EOCT (Employee Owners Communication Team) where we received great suggestions, ideas and feedback from Loren. We also started our ESOP trivia game the same day. I attached our agenda for ESOP month as well. Our first day of events was very informative for our employees.

Restek’s October ESOP Month Activities

  • October 1st
    • Jeff Gelburd from Murray Securus will talk to us about how the ESOP at Murray Securus functions
    • Loren Rodgers from the National Center for Employee Ownership (NCEO) will present on the current state of ESOPs and will share some motivational words about being an ESOP company
  • October 10th
    • The EOCT will be re-showing the “We the Owners” DVD – A documentary about 3 different ESOPs are set up
    • We’ll be giving out a limited number of Restek’s ESOP poster magnets!
  • October 24th
    • Another screening of “What the Heck is an ESOP,” narrated by your favorite mad scientist, Scott Grossman, explaining how Restek’s ESOP works
    • Attendees will be entered into a raffle to win full sized Restek ESOP posters!
  • October 30th
    • Rebecca DeHainuat from our 401(k) provider will be coming to explain:
      • Accessing & Using the John Hancock Participant Website, including
      • Retirement Goal Setting
      • Retirement Fitness Quiz and Calculators

Restek EOM - JeffGelburd2013  Restek EOM - LorenRodgers2013

Restek EOM - LorenRodgersRoundtableThanks to Mike Shuey of Restek for sharing the company’s 2013 EOM events.

Got a story? Tell us all about it – media AT esopassociation.org.

Pennsylvania ESOP Companies Gather to Discuss Employee Ownership

Since the official start of Employee Ownership Month is just a few days away, we thought we’d highlight a company event that can be used during October to celebrate employee ownership at your company. Why not reach out to your ESOP company neighbors and share some ideas in October!

On August 15th, three Pennsylvania ESOP companies met to share information about the ESOP structure and ideas for building an employee ownership culture. Participating companies and ESOP Association members:

C.S. Davidson, York, PA (C.S. Davidson hosted the event)

Flinchbaugh Engineering, York, PA

Restek Corporation, Bellefonte, PA

According to Mike Shuey, an employee owner of Restek Corporation, “It was an excellent session and proved to be very valuable for all attendees.”

CS Davidson York PA

Lunch

RoundtableEmployeeBuiltPatio