ESOP | Jotup

ButcherJoseph & Co. Announced Finalists for Five M&A Deal of the Year Awards

Retrieved on:

Wednesday, September 6, 2023

Uncertainty, ESOP, Sale, Consumer, Environment, Pharmaceutical industry

Saint Louis, MO, September 2023 – The M&A Advisor announced the finalists of the 22nd Annual M&A Advisor Awards across several categories of M&A Transactions.

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Saint Louis, MO, September 2023 – The M&A Advisor announced the finalists of the 22nd Annual M&A Advisor Awards across several categories of M&A Transactions.
ButcherJoseph & Co. has been nominated as finalists for its sell-side advisory role in two transactions across five award categories.
The sale of NEDCO Supply to Codale Electric Supply, Inc. was nominated for two awards: M&A Deal of the Year and the Industrials Deal of the Year, both for transactions ranging in the $100mm -$250mm category.
The nomination finalists, representing over 450 participating companies, will be judged by an independent panel of industry experts.

IF Bancorp, Inc. Announces Results for Fourth Quarter and Fiscal Year Ended June 30, 2023

Retrieved on:

Thursday, August 31, 2023

Banking, Accounting, Professional Services, Finance, Borrowing base, COVID-19, PSLRA, Clifton Bancorp, Inc., Accounting standard, ESOP, Sale, Depreciation, ASU, Security (finance), Annual report, Hudson City Bancorp, Cryptocurrency, Bank

Interest income increased to $32.1 million for the year ended June 30, 2023, from $24.8 million for the year ended June 30, 2022.

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Interest income increased to $32.1 million for the year ended June 30, 2023, from $24.8 million for the year ended June 30, 2022.
Interest expense increased to $10.1 million for the year ended June 30, 2023, from $2.5 million for the year ended June 30, 2022.
Non-interest income decreased to $4.1 million for the year ended June 30, 2023, from $5.5 million for the year ended June 30, 2022.
Non-interest expense increased to $20.0 million for the year ended June 30, 2023, from $19.4 million for the year ended June 30, 2022.

MGI - Media and Games Invest SE: Stable Revenue and EBITDA Development Compared to Last Year Driven by Market Share Gains, Resilient to Market Headwinds – Updated Guidance

Retrieved on:

Thursday, August 31, 2023

MGI - Media and Games Invest SE: Stable Revenue and EBITDA Development Compared to Last Year Driven by Market Share Gains, Resilient to Market Headwinds – Updated Guidance

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MGI - Media and Games Invest SE: Stable Revenue and EBITDA Development Compared to Last Year Driven by Market Share Gains, Resilient to Market Headwinds – Updated Guidance
MGI - Media and Games Invest SE: Stable Revenue and EBITDA Development Compared to Last Year Driven by Market Share Gains, Resilient to Market Headwinds – Updated Guidance
Revenues of 76.2 mEUR in Q2 2023 (Q2 2022: 78.1 mEUR)
Revenue normalized for divestments and FX increased 3% year-over-year.
EBITDA increased faster than revenues, driven by efficiency gains achieved through reduced tech costs following the integration of several acquired tech platforms.
While Further Investing in Growth
In H1 2023, technology and maintenance costs were reduced by tech platform integrations.
Year-over-year, our adjusted EBITDA was stable with EUR 21.3m, representing an improved margin of 28%, underscoring our strong cost control.

Information on the Total Number of Voting Rights and Shares

Retrieved on:

Wednesday, August 30, 2023

Disclosure, Mont-Saint-Guibert, CET, ESOP, Harry's Law (season 2), Brussels Stock Exchange, Security (finance)

Mont-Saint-Guibert (Belgium), August 30, 2023, 10:30 pm CET / 4:30 pm ET – In accordance with article 15 of the Law of 2 May 2007 on the disclosure of large shareholdings, Nyxoah SA (Euronext Brussels and Nasdaq: NYXH) publishes the below information following the issue of new shares.

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Mont-Saint-Guibert (Belgium), August 30, 2023, 10:30 pm CET / 4:30 pm ET – In accordance with article 15 of the Law of 2 May 2007 on the disclosure of large shareholdings, Nyxoah SA (Euronext Brussels and Nasdaq: NYXH) publishes the below information following the issue of new shares.
Total number of securities carrying voting rights: 28,673,985 (all ordinary shares)
Number of rights to subscribe to securities carrying voting rights not yet issued:
100 “2018 ESOP Warrants” issued on December 12, 2018, entitling their holders to subscribe to a total number of 50,000 securities carrying voting rights (all ordinary shares);
410,500 “2020 ESOP Warrants” issued on February 21, 2020, entitling their holders to subscribe to a total number of 410,500 securities carrying voting rights (all ordinary shares); and
1,265,500 “2021 ESOP Warrants” issued on September 8, 2021, entitling their holders to subscribe to a total number of 1,265,500 securities carrying voting rights (all ordinary shares); and
700,000 “2022 ESOP Warrants” issued on December 28, 2022, entitling their holders to subscribe to a total number of 700,000 securities carrying voting rights (all ordinary shares).

EA COLLECTIVE NAMES NEW CHIEF EXECUTIVE OFFICER, LUCY STRATTON

Retrieved on:

Tuesday, August 29, 2023

EAC, EA, Growth, Hand, Partner (business rank), ESOP, Culture, Management

CHICAGO, Aug. 29, 2023 /PRNewswire/ -- Chicago-based EA Collective, a group of creative agencies, announces today the promotion of Lucy Stratton to the position of Chief Executive Officer.

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CHICAGO, Aug. 29, 2023 /PRNewswire/ -- Chicago-based EA Collective, a group of creative agencies, announces today the promotion of Lucy Stratton to the position of Chief Executive Officer.
EA Collective Names New Chief Executive Officer, Lucy Stratton
Earlier this month, EAC announced its official transition to an Employee-Owned (ESOP) organization.
In 2007 Lucy Stratton walked in the front door of Agency EA with her resume in hand.
As Chief Executive Officer, Lucy will be responsible for guiding strategic direction, fostering innovation, and ensuring continuous delivery of the highest quality work across EA Collective and its divisions, Agency EA , Storyhorse and Studio Sage .

Verit Advisors® is Pleased to Announce the Sale of EA Collective to an Employee Stock Ownership Plan

Retrieved on:

Tuesday, August 22, 2023

Retirement, Employee Stock Ownership Plan, ESOP, Culture, Video game

Through the ESOP, the employees of EA Collective became 100% shareholders of the Company.

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Through the ESOP, the employees of EA Collective became 100% shareholders of the Company.
EA Collective, founded in 1999, is a premier full-service brand experience agency that caters to brands with diverse creative and production needs.
Verit Advisors' team, led by Jake Cravens, collaborated with the EA Collective ownership and management team to custom design an optimal transaction based on Verit’s extensive experience with private business ownership transition.
The ESOP preserves the Company’s legacy, mission, and values while maximizing shareholder objectives and creating a meaningful retirement benefit for current and future EA Collective employees.

First Wave of Retirement Plans Transition to Ascensus Platform, Expanded Web Experiences, and Enhanced Efficiency

Retrieved on:

Monday, August 21, 2023

Communication, Small business, DC, Research, ESOP, Thought, Musto, Retirement, Creative, Practice management, Pai, Financial adviser, Ascensus

DRESHER, Pa., Aug. 21, 2023 /PRNewswire/ -- Ascensus, whose technology and expertise help millions of people save for a better future, has upgraded the first wave of acquired Newport retirement plans to its purpose-built recordkeeping platform and enhanced web experiences.

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DRESHER, Pa., Aug. 21, 2023 /PRNewswire/ -- Ascensus , whose technology and expertise help millions of people save for a better future, has upgraded the first wave of acquired Newport retirement plans to its purpose-built recordkeeping platform and enhanced web experiences.
The initial group of plans made the move in recent weeks and represent the first to receive the benefits of the post-merger unification of Ascensus, Newport, and PAi.
"We are thrilled to say the Ascensus migration project has been carried out with great communication and no surprises," said Don Recker, partner and director of Corporate Retirement Plans for Creative Planning Retirement Services.
For financial and retirement advisors: Enhanced practice management support delivers new ideas, tools, and resources to help advisors grow and manage their practice, including a new advisor toolkit .

BDO USA Stewards Transformative Next Chapter With ESOP

Retrieved on:

Monday, August 14, 2023

Finance, Consulting, Banking, Accounting, Professional Services, McDermott Will & Emery, Employee Stock Ownership Plan, Culture, APO, ESOP, BDO, Trust, Stout, Growth, NYSE, Management

When effective, BDO would be the first large public accounting firm to implement an ESOP.

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When effective, BDO would be the first large public accounting firm to implement an ESOP.
With more than 10,000 participating employees, BDO would be among the largest ESOPs in the country.
It is a game-changer for our people, clients and communities, designed to improve lives for generations to come,” said Wayne Berson, CEO of BDO USA.
“The ESOP also has material benefit to the firm,” notes Steve Ferrara, Chief Operating Officer of BDO USA.

California Drywall Announces Transition to 100% Employee Stock Ownership Plan (ESOP)

Retrieved on:

Monday, August 14, 2023

Interior Design, Architecture, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Building Systems, Workforce, Growth, Retirement, Multimedia, Southern California drywall strike, Strategic planning, ESOP, Drywall, Renewable energy, Management

California Drywall, a leading provider of top-quality drywall solutions in the region, is thrilled to announce a significant milestone in the company's history.

Key Points:

California Drywall, a leading provider of top-quality drywall solutions in the region, is thrilled to announce a significant milestone in the company's history.
Effective 8/14/23, California Drywall will be transitioning to a 100 percent Employee Stock Ownership Plan (ESOP), ensuring a bright and sustainable future for the company and its dedicated employees.
Their expertise, experience, and commitment to excellence will continue to guide California Drywall on its path to continued growth and success.
In conjunction with this announcement, the previous owner, Steve Eckstrom, will be retiring from his position at California Drywall.

Creative agency group, EA Collective becomes 100% Employee Owned

Retrieved on:

Friday, August 18, 2023

Employee Stock Ownership Plan, Hilton Worldwide, Culture, Workplace, EA, Crain's Chicago Business, Samsung, ESOP, Organization, Obama Foundation, Zoom, HubSpot, Growth, Video game

CHICAGO, Aug. 18, 2023 /PRNewswire/ -- Today Chicago-based EA Collective, a group of creative agencies, announces its transition from private ownership to an Employee Stock Ownership Plan (ESOP) company. EA Collective's agencies include Agency EA, Studio Sage, and Storyhorse. The transition to an ESOP protects the employees and gives them the opportunity to grow their stakes in the future growth of the business.

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CHICAGO, Aug. 18, 2023 /PRNewswire/ -- Today Chicago-based EA Collective , a group of creative agencies, announces its transition from private ownership to an Employee Stock Ownership Plan (ESOP) company.
EA Collective's agencies include Agency EA , Studio Sage , and Storyhorse .
As part of the transition, Rooney and Martinez will transition to serving on the Board of Directors for EA Collective.
In 2020, EA Collective was introduced, to serve as the parent company to Agency EA.