Employee stock ownership plan

Shorr Packaging Visits Capitol Hill to promote ESOPs (Employee Stock Ownership Plans)

Retrieved on:

Friday, August 9, 2019

Cooperatives, Employee stock ownership, Packaging and labeling, Shorr, Television series, Employee stock ownership plan

In addition to lobbying efforts, Shorr took the opportunity to network with other Illinois ESOP employee-owners and gain insight into how others promote and integrate ESOPs within their company.

Key Points:

In addition to lobbying efforts, Shorr took the opportunity to network with other Illinois ESOP employee-owners and gain insight into how others promote and integrate ESOPs within their company.
Overall, these companion bills encourage the establishment of S corporation ESOPs, thus promoting retirement security and employee ownership.
Shorr Packaging Corp. is one of the nation's oldest and largest independent distributors of packaging materials and equipment.
Headquartered in Aurora, Illinois, Shorr Packaging is a 100% employee-owned company specializing in comprehensive packaging solutions for businesses of any size and industry.

D.A. Davidson Serves as Exclusive Financial Advisor to Command Center in Merger with Hire Quest

Retrieved on:

Wednesday, July 17, 2019

Professional services, Other Professional Services, Human resources, Finance, Consulting, Cooperatives, Employee stock option, Employee stock ownership plan, Companies

Davidson & Co. announced today that it served as exclusive financial advisor to Command Center, Inc. (NASDAQ: CCNI) in its merger with Hire Quest Holdings, LLC, in an all-stock transaction.

Key Points:

Davidson & Co. announced today that it served as exclusive financial advisor to Command Center, Inc. (NASDAQ: CCNI) in its merger with Hire Quest Holdings, LLC, in an all-stock transaction.
Command Center, headquartered outside of Denver in Lakewood, Colorado, is a national provider of on-demand and temporary staffing solutions.
Command Center has issued 9,837,336 shares of its common stock to Hire Quests security holders, representing approximately 68% of the companys outstanding stock post-transaction.
Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions and municipalities nationwide.

Annaly Capital Management, Inc. Provides Update on Employee Stock Ownership Guidelines and Recent Purchases by Officers and Directors

Retrieved on:

Monday, July 8, 2019

Commercial Building & Real Estate, Construction & Property, Finance, Banking, REIT, Professional services, Residential Building & Real Estate, Economy, Finance, Corporate finance, Financial markets, Equity securities, Corporate law, Annaly Capital Management, Employee stock ownership plan, Stock, Annaly, Common stock, New York Stock Exchange

Annaly Capital Management, Inc. (NYSE: NLY) (Annaly or the Company) today announced an update on its Employee Stock Ownership Guidelines and recent stock purchases by the Companys Executive Officers and Directors, further substantiating Annalys alignment with shareholders and significant ownership culture throughout the Company.

Key Points:

Annaly Capital Management, Inc. (NYSE: NLY) (Annaly or the Company) today announced an update on its Employee Stock Ownership Guidelines and recent stock purchases by the Companys Executive Officers and Directors, further substantiating Annalys alignment with shareholders and significant ownership culture throughout the Company.
Beginning in 2016, Annaly implemented broad-based Employee Stock Ownership Guidelines, further solidifying its commitment to aligning the interests of its employees with those of its stockholders to foster long-term value creation.
As of June 30, 2019, 100% of employees subject to the guidelines for over one year have purchased shares of Annaly common stock.
Since implementing the guidelines in March 2016, total ownership of Annaly common stock by current Executive Officers has increased by over $12 million to a total of over $21 million.

DCS Corporation Honored for Excellence in "Employee Ownership" Communications

Retrieved on:

Tuesday, July 2, 2019

Computer networks, Internet privacy, Cooperatives, Employee stock option, Employee stock ownership plan, AACE, Intranet

WASHINGTON, July 2, 2019 /PRNewswire/ --The ESOP Association recognized DCS Corporation as the recipient of the 2019 Annual Award for Communications Excellence (AACE) in the category of "A Series of Special Events, More than 250 Employees".

Key Points:

WASHINGTON, July 2, 2019 /PRNewswire/ --The ESOP Association recognized DCS Corporation as the recipient of the 2019 Annual Award for Communications Excellence (AACE) in the category of "A Series of Special Events, More than 250 Employees".
The AACE Awards are sponsored each year by the Association to recognize the outstanding communications and educational programs of its members.
Video, Printed Materials, Intranet, Employee Ownership Marketing, One Special Event, Series of Special Events, and Total Communications.
DCS Corporation offers advanced technology and management solutions to Government agencies in the Department of Defense and the national security sector.

Torchbox Transfers 100% of Business to Employee Ownership Trust in UK Agency First

Retrieved on:

Thursday, June 27, 2019

Wagtail, Employee stock ownership plan, National Health Service, Bristol, Local government in England, Geography of England, Governance of England

BRISTOL, England, June 27, 2019 /PRNewswire/ -- Torchbox, a digital agency with 65 employees and offices in Bristol and Oxfordshire, has become the first digital agency in the UK to transfer 100% of its business to its employees.

Key Points:

BRISTOL, England, June 27, 2019 /PRNewswire/ -- Torchbox, a digital agency with 65 employees and offices in Bristol and Oxfordshire, has become the first digital agency in the UK to transfer 100% of its business to its employees.
It created Wagtail, the popular open source CMS now used by the NHS, NASA and Google.
Torchbox founders Olly and Tom will be part of the Trust for five years, until their majority stake is repaid by the business.
Torchbox's news coincides with Employee Ownership Day 2019 , which aims to highlight the benefits of employee ownership and celebrate the successes of the UK's 300 employee owned businesses.

Katahdin Bankshares Corp. Announces Stock Buyback Program

Retrieved on:

Wednesday, June 26, 2019

Katahdin, OTC Markets Group, Employee stock ownership plan, Buyback, Companies

HOULTON, Maine, June 26, 2019 /PRNewswire/ --Katahdin Bankshares Corp. (OTCQX:KTHN), parent company of Katahdin Trust Company, announced that its Board of Directors has approved a Stock Buyback Program.

Key Points:

HOULTON, Maine, June 26, 2019 /PRNewswire/ --Katahdin Bankshares Corp. (OTCQX:KTHN), parent company of Katahdin Trust Company, announced that its Board of Directors has approved a Stock Buyback Program.
The Program authorizes the purchase ofup to $2,000,000 of the Company's outstanding shares of Common Stock through December 31, 2020.
Shares may be repurchased by the Company and may be purchased by Katahdin Trust Company's Employee Stock Ownership Plan (ESOP).
Katahdin Bankshares Corp., parent company of Katahdin Trust Company, stock is quoted on the OTC Markets quote board OTCQX under the symbol KTHN.

Rutgers University Appoints Record Number of Research Fellows to Study Employee Share Ownership and Profit Sharing

Retrieved on:

Thursday, June 20, 2019

If the goal is financial inclusion and an economy that builds the middle class, then encouraging serious research on both employee share ownership and profit sharing makes a lot of sense, said Joseph Blasi, the J. Robert Beyster Distinguished Professor and Director of the Rutgers Institute for the Study of Employee Ownership and Profit Sharing.

Key Points:

If the goal is financial inclusion and an economy that builds the middle class, then encouraging serious research on both employee share ownership and profit sharing makes a lot of sense, said Joseph Blasi, the J. Robert Beyster Distinguished Professor and Director of the Rutgers Institute for the Study of Employee Ownership and Profit Sharing.
The Rutgers fellowships, awarded competitively, enable scholars to advance the study of shares and their impact on the economy.
Topics include broad-based employee share ownership, equity compensation, gain sharing, profit sharing, and worker-cooperatives.
The Rutgers Institute for the Study of Employee Ownership and Profit Sharing at SMLR is the first academic institute dedicated to researching broad-based capital shares and their impact on the economy.

Unprecedented Political Consensus Found in Decades Long Employee Ownership Research

Retrieved on:

Friday, May 24, 2019

Employee benefits, Cooperatives, Employee stock option, Employee stock ownership plan, Ownership, Profit sharing, Organizations, Human behavior

The research was conducted by theRutgers Institute for the Study of Employee Ownership and Profit Sharing and funded by the EOF.

Key Points:

The research was conducted by theRutgers Institute for the Study of Employee Ownership and Profit Sharing and funded by the EOF.
"These results show that employee ownership is the equivalent of a political unicornsomething very large majorities of Americans agree upon, completely independent of political leanings," said Jim Bonham, President of the Employee Ownership Foundation.
After decades in Washington, I can say this level of political agreement is truly unique and shows that employee ownership transcends our nation's political divide."
More than a third of respondents38 percentare more likely to purchase goods or services from a firm with employee share ownership.

72% Of Republicans and 74% of Democrats Agree on This: They Prefer to Work for an Employee-Owned Company

Retrieved on:

Friday, May 24, 2019

Public policy, Government, Congressional News, Views, Elections, Campaigns, Labor, Other Policy Issues, Public policy, State, Local, White House, Federal Government, Profit, Profit sharing, Employee stock ownership plan

Democrat or Republican, female or male, black or white, union or non-union, a majority of respondents said they prefer to work for a company with employee share ownership.

Key Points:

Democrat or Republican, female or male, black or white, union or non-union, a majority of respondents said they prefer to work for a company with employee share ownership.
The National Opinion Research Center at the University of Chicago administers the GSS to study trends in American society.
Given a choice between two similar jobs, 61 percent of respondents said they prefer to work for a company that shares ownership or profits over one that does not.
For instance, nearly 70 percent of workers in an ESOP company also have profit sharing.

Janet Edmunson Wins Life Service Award from The ESOP Association

Retrieved on:

Friday, May 24, 2019

Cooperatives, Employee stock option, Employee stock ownership plan, ESOP

WASHINGTON, May 24, 2019 /PRNewswire/ --Janet Edmunson, founder of JME Insights in South Portland, ME, has been named the 2019 Life Service Award winner by The ESOP Association.

Key Points:

WASHINGTON, May 24, 2019 /PRNewswire/ --Janet Edmunson, founder of JME Insights in South Portland, ME, has been named the 2019 Life Service Award winner by The ESOP Association.
The Life Service Award honors individuals who've made a significant, long-term contribution to employee ownership and the ESOP community.
During the last five years of Charles' life, as he grappled with a degenerative neurological disease, Janet cared for him and helped him write the book Paradoxes of Leadership .
The Life Service Award honors individuals who've made a significant, long-term contribution to employee ownership and the ESOP community.