Employee stock ownership

Monteith Construction Corp. Adopts an Employee Stock Ownership Plan (ESOP), Positions Company for Long-Term Growth, Team Success

Retrieved on: 
Tuesday, March 5, 2024

WILMINGTON, N.C., March 5, 2024 /PRNewswire/ -- Monteith Construction Corp.—including the companies Monteith Construction and its wholly-owned subsidiaries Grey Interiors, and Citadel Masonry—today announces the adoption of an Employee Stock Ownership Plan (ESOP), creating a strategic growth plan that directly reflects the company's commitment to holistic team success.

Key Points: 
  • WILMINGTON, N.C., March 5, 2024 /PRNewswire/ -- Monteith Construction Corp.—including the companies Monteith Construction and its wholly-owned subsidiaries Grey Interiors , and Citadel Masonry —today announces the adoption of an Employee Stock Ownership Plan (ESOP), creating a strategic growth plan that directly reflects the company's commitment to holistic team success.
  • "We have always led with culture, so making Monteith a place where everyone shares in ownership is the natural next step in our evolution."
  • "This is about putting ownership into the hands of the people who drive our success," adds CEO and President Bryan Thomas.
  • "Our team brings passion and grit to work each day, and the ESOP now provides a long-term, wealth-building benefit without changing any of our company values.

Empowering Massachusetts' Workforce: John Biagioni Joins Employee Ownership Advisory Board

Retrieved on: 
Monday, March 4, 2024

WORCESTER, Mass., March 4th, 2024 /PRNewswire-PRWeb/ -- In a significant move acknowledging the vital role of employee ownership in shaping a more inclusive and sustainable economy, Governor Maura Healy has announced the appointment of John Biagioni, President of Lampin Corporation, to the Employee Ownership Advisory Board for the Commonwealth of Massachusetts.

Key Points: 
  • WORCESTER, Mass., March 4th, 2024 /PRNewswire-PRWeb/ -- In a significant move acknowledging the vital role of employee ownership in shaping a more inclusive and sustainable economy, Governor Maura Healy has announced the appointment of John Biagioni , President of Lampin Corporation, to the Employee Ownership Advisory Board for the Commonwealth of Massachusetts.
  • The appointment fortifies the Commonwealth's dedication to promoting employee ownership as a key strategy for economic development and corporate responsibility.
  • The Employee Ownership Advisory Board plays a crucial role in advising on policies and strategies that encourage the growth of ESOPs and worker cooperatives, fostering a business environment where employees are stakeholders in their companies' success.
  • "I am honored to join the Employee Ownership Advisory Board and look forward to contributing to the Commonwealth's efforts in promoting a business culture that recognizes the value of every employee," said John Biagioni.

Rutgers Appoints 33 Research Fellows to Study a Key Gateway to Wealth for the Middle Class: Employee Share Ownership

Retrieved on: 
Tuesday, February 13, 2024

The Rutgers Institute for the Study of Employee Ownership and Profit Sharing has announced the appointment of 33 research fellows to join its global network of scholars and subject matter experts.

Key Points: 
  • The Rutgers Institute for the Study of Employee Ownership and Profit Sharing has announced the appointment of 33 research fellows to join its global network of scholars and subject matter experts.
  • They will explore business models that enable workers to build wealth on top of wages, creating new opportunities to strengthen the middle class and close racial and gender wealth gaps.
  • “These fellows are advancing understanding of employee share ownership, profit sharing, and similar tools for sharing wealth and profits, in important ways.
  • The Institute is the world’s leading academic research hub dedicated to employee share ownership, equity compensation, profit sharing, and worker cooperatives.

Radiance Technologies Promotes Mrs. Mardina Wammack to Chief Financial Officer

Retrieved on: 
Tuesday, January 16, 2024

HUNTSVILLE, Ala., Jan. 16, 2024 /PRNewswire/ -- Radiance Technologies (Radiance) is pleased to announce the promotion of Mrs. Mardina Wammack to Executive Vice President and Chief Financial Officer (CFO).

Key Points: 
  • HUNTSVILLE, Ala., Jan. 16, 2024 /PRNewswire/ -- Radiance Technologies (Radiance) is pleased to announce the promotion of Mrs. Mardina Wammack to Executive Vice President and Chief Financial Officer (CFO).
  • As CFO, Mrs. Wammack will oversee the financial operations of the company and administer its Employee Stock Ownership Program (ESOP).
  • Mrs. Wammack brings approximately 30 years of experience in accounting, finance, and business operations to this role.
  • She has completed Radiance University's Illuminate Leadership Program and was part of the first cohort to complete Radiance's MBA program with Auburn University.

PagerDuty Announces Third Quarter Fiscal 2024 Financial Results

Retrieved on: 
Thursday, November 30, 2023

This news release with the financial results will be accessible from PagerDuty’s website at investor.pagerduty.com prior to the conference call.

Key Points: 
  • This news release with the financial results will be accessible from PagerDuty’s website at investor.pagerduty.com prior to the conference call.
  • Supplemental Financial and Other Information:
    Supplemental financial and other information can be accessed through PagerDuty’s investor relations website at investor.pagerduty.com.
  • Specifically, PagerDuty excludes the following from its historical and prospective non-GAAP financial measures, as applicable:
    Stock-based Compensation: PagerDuty utilizes stock-based compensation to attract and retain employees.
  • PagerDuty encourages investors to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures, which it includes in press releases announcing quarterly financial results, including this press release, and not to rely on any single financial measure to evaluate PagerDuty’s business.

Sullivan Tire Announces Employee Stock Ownership Plan

Retrieved on: 
Friday, November 3, 2023

Sullivan Tire and Auto Service today announced a new Employee Stock Ownership Plan that will turn over ownership of the 68-year-old, family-owned company to its employees.

Key Points: 
  • Sullivan Tire and Auto Service today announced a new Employee Stock Ownership Plan that will turn over ownership of the 68-year-old, family-owned company to its employees.
  • “We are honored and proud that the future of Sullivan Tire will be shepherded by the people who have all played a role in helping us accomplish the brand recognition that is prevalent throughout New England,” said Paul Sullivan.
  • The foundation on which Robert J. Sullivan started Sullivan Tire in 1955 was, “Treat everyone, customers and fellow employees, as you would a member of your family,” and that tradition continues today.
  • Sullivan Tire continues to grow with more than 1,500 employees and locations in Massachusetts, New Hampshire, Rhode Island, Connecticut and Maine.

SeedBlink joins forces with Promocrat to enhance startups' investment readiness with educational resource

Retrieved on: 
Tuesday, September 12, 2023

BUCHAREST, Romania, Sept. 12, 2023 (GLOBE NEWSWIRE) -- SeedBlink announces a new partnership with the esteemed Promocrat growth marketing agency.

Key Points: 
  • BUCHAREST, Romania, Sept. 12, 2023 (GLOBE NEWSWIRE) -- SeedBlink announces a new partnership with the esteemed Promocrat growth marketing agency.
  • The findings made by SeedBlink after nearly 6,000 European entrepreneurs competed for successful funding on SeedBlink inspired this collaborative project.
  • This document lays out a clear roadmap with 53 tried-and-true ideas for transforming hopeful businesses into efficient investment magnets.
  • Nimity , our equity management solution, and our educational arm in development with Promocrat are all part of this commitment."

PagerDuty Announces Second Quarter Fiscal 2024 Financial Results

Retrieved on: 
Thursday, August 31, 2023

PagerDuty, Inc. (NYSE:PD), a leader in digital operations management, today announced financial results for the second quarter of fiscal 2024, ended July 31, 2023.

Key Points: 
  • PagerDuty, Inc. (NYSE:PD), a leader in digital operations management, today announced financial results for the second quarter of fiscal 2024, ended July 31, 2023.
  • The section titled “Non-GAAP Financial Measures” below contains a description of the non-GAAP financial measures and reconciliations between historical GAAP and non-GAAP information.
  • Specifically, PagerDuty excludes the following from its historical and prospective non-GAAP financial measures, as applicable:
    Stock-based Compensation: PagerDuty utilizes stock-based compensation to attract and retain employees.
  • PagerDuty encourages investors to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures, which it includes in press releases announcing quarterly financial results, including this press release, and not to rely on any single financial measure to evaluate PagerDuty’s business.

Leaders From the Private and Public Sector Will Convene for the Employee Ownership Ideas Forum

Retrieved on: 
Monday, June 12, 2023

Policymakers, researchers, employee-owned companies, and economic experts will convene for the Employee Ownership Ideas Forum to explore how the U.S. can grow employee share ownership.

Key Points: 
  • Policymakers, researchers, employee-owned companies, and economic experts will convene for the Employee Ownership Ideas Forum to explore how the U.S. can grow employee share ownership.
  • Republican Senator Marco Rubio of Florida and Democratic Senator Chris Van Hollen of Maryland recently introduced the Employee Equity Investment Act , to support the growth of employee ownership.
  • Panelists at the two-day forum will dive into issues including the latest research on the benefits of employee ownership for workers, business and communities.
  • Additionally, panelists will discuss innovative ideas for strengthening employee ownership, focusing on collaborative efforts between the government, the private sector, and philanthropies.

Capstone Partners Broadens Service Offerings with Formation of ESOP Group

Retrieved on: 
Wednesday, June 7, 2023

BOSTON, June 7, 2023 /PRNewswire/ -- Capstone Partners, a leading middle market investment banking firm, has launched the formation of an Employee Stock Ownership (ESOP) Advisory Group ("the Group"), amplifying its full-scope suite of solutions offered to clients. This strategic expansion underscores Capstone's commitment to providing comprehensive financial solutions to clients and represents a significant milestone in the company's continued growth.

Key Points: 
  • BOSTON, June 7, 2023 /PRNewswire/ -- Capstone Partners, a leading middle market investment banking firm, has launched the formation of an Employee Stock Ownership (ESOP) Advisory Group ("the Group"), amplifying its full-scope suite of solutions offered to clients.
  • New service line bolsters the firm's fully integrated suite of solutions with a unique alternative for clients.
  • The firm has immediate expansion plans in place to continue to bolster the breadth of the Group.
  • Capstone remains steadfast in expanding its positioning to optimize client outcomes by offering expert advisory services across all possible avenues."