Join your fellow employee owners and a roster of ESOP experts at our new series of webinars. The webinars cover a range of issues, relevant for those considering setting up an ESOP, new ESOP companies, and mature ESOPs. As always, members of Ohio’s Employee Owned Network have unlimited registrations to all of our webinars. For non-members, the cost to attend is $50 per person/per webinar (attendees will be invoiced at the completion of the webinar). Join The Network ! Recorded and archived webinars from previous series are also available. Network members have free unlimited access to archived webinars; non-members can access archived webinars at a nominal cost. Contact Kelley Fitts for details.
Summer 2017 Webinars
This session will discuss: perceptions and misperceptions of employee owners’ roles; required legal roles in an ESOP vs. roles we choose; and defining your company’s ownership expectations. All stages of ESOP culture development can benefit from roles clarity, and this session will provide you with an outline of how to accomplish this, while providing examples of how defining/redefining ownership is the key to getting your ownership culture to the next level. To view this webinar, please contact Kelley Fitts at firstname.lastname@example.org
There are many advantages to having qualified employees of the company serve as ESOP fiduciaries – whether as trustee or as a member of the ESOP administration committee. But they should have the appropriate training for that role. This session will provide a full overview of the role and responsibilities of company employees who serve as an ESOP fiduciary. Register Here
Collaborative Cultures, Collaborative Workplaces
Wed. August 16, 2017 10:00 AM EST
Presented by Chris Cooper, Ohio Employee Ownership Center
Research is consistently showing that in order to reach their full potential, ESOPs need to create a different, more participatory culture. Getting your people collaborating and working together towards common goals is key to this transformation. This session will provide an overview of the key ideas, tools, procedures, and processes that will help you establish a collaborative culture in your company. Register Here
This webinar will provide a basic understanding of the process of completing a repurchase obligation forecast and the factors and assumptions that affect the outcome of the forecast. We will also explore the impact of specific plan provisions (such as distribution timing and segregating accounts), the impact of the distribution mechanics (recycling vs. redeeming), and interplay between the stock value and the repurchase obligation. Register Here
Presented by Davin Gustafson, Apple Growth Partner
This session, a continuation of the Understanding Your ESOP Repurchase Obligation webinar of two weeks ago, will cover ideas for incorporating your repurchase obligation plan into your company’s business or strategic plan. Covered topics will include strategies, funding vehicles, and a discussion of the mechanics of ESOP repurchase. Register Here
First Quarter 2017 Webinars
How to Communicate Stock Value to ESOP Participants
Date & Time: Wed, Feb 22, 2017 10:00 AM EST
Presented by Jim Bado, Workplace Development Inc., and Brian Bonino, GBQ Partners LLC
One of the most highly anticipated moments in the year for your fellow ESOP participants is when they learn the value of company stock, and the value of their ESOP accounts. Depending on what has happened over the last year (has the stock value gone up or down?) this “moment of truth” can be an interesting experience. This session will provide an overview of the pros and cons, dos and don’ts that you need to know to communicate stock value effectively and engage employees as owners. If you would like access to this webinar, please contact Kelley Fitts, email@example.com
The Successful Sale to an ESOP: Transitioning Leadership and Governance
Date & Time: Wed, Mar 1, 2017 10:00 AM EST
Presented by Martin Staubus, The Beyster Institute
Most ESOPs are established as a way for a founder/owner to exit and pass on company ownership to the employees. Pre-transaction, all real authority at the company has typically resided in the owner, who is the shareholder, the board, and the CEO. Upon the owner’s exit, he or she will be leaving all three of these roles. It will be critical to the success of the post-transaction employee-owned company that the transition of authority to new people be handled smartly. In this session we’ll examine how to plan for and manage this transition successfully.
ABCs of ESOPs for ESOP Participants
Wed, Mar 29, 2017 10:00 AM EST
Presented by Phillip DeDominicis, Menke & Associates
This session will cover the basics that every employee owner needs to know: What is an ESOP, why we have one, what does it mean to be an employee and an owner, and more. Bring your questions and your curiosity! If you would like access to this webinar, please contact Kelley Fitts, firstname.lastname@example.org
Selling the Business to Your Employees Using an Employee Stock Ownership Plan (ESOP)
Wed, Apr 12, 2017 10:00 AM EST
Presented by Dale Vlasek, McDonald Hopkins
An Employee Stock Ownership Plan (ESOP) can be an appealing option for a small business owner as they look to exit their business, gain some personal liquidity, finance growth in their business, unleash their employees’ entrepreneurial drive, or all of the above. This overview session will cover the uses, techniques, and dos and don’ts of selling some or all of the business to the employees. This session is targeted to business owners and their advisors interested in exploring the ESOP option If you would like access to this webinar, please contact Kelley Fitts, email@example.com
The Antioch Company ESOP: A Prudence Playbook for Board Members, Independent Fiduciaries and Conflicted Fiduciaries
Date & Time: Wed, May 24, 2017, 10:00 AM EST
Presented by Michael L. Scheier, Keating Muething & Klekamp PLL
This webinar will cover how one employee-owned company protected its fiduciaries from an unexpected business downturn through a well-managed ESOP, a prudent transaction structure, fiduciary insurance coverage, and a well-planned court strategy. The lessons from Fish v. GreatBanc and the court’s praise for the fiduciary defendants in a lengthy written opinion have taken on even greater consequence in light of several recent decisions critical of fiduciary conduct that hit the fiduciary defendants with multimillion dollar damage awards.
Archived 2017 Webinars:
Helping Your Employees to Think and Act Like Owners
Date & Time: Wed, Jan 18, 2017, 10:00 AM EST
Presented by Chris Cooper, Ohio Employee Ownership Center
Regardless of whether your organization is a new or mature ESOP, you will always need to understand how to motivate your employees to act and think like owners. This session will delineate the attitudes and behaviors that employees bring with them when they jon your organization; and will provide an easy framework for bringing out the “entrepreneurial owner” that exists in all of us.
Archived webinar is available. Contact Kelley Fitts for details
Recruiting, Managing and Retaining Millennials to Your Employee-Owned Organization
Date & Time: Wed, Jan 25, 2017, 10:00 AM EST
Presented by Dan Simovic, TAMS Group
As the baby boomer generation begins their retirement process, it is important that we understand how to “refill the tank” and attract the best talent from the new generation(s) of job seekers. This session will provide a background understanding of the motivations of millenials, and how to attract, manage and retain the best and the brightest to your organization.
Archived webinar is available. Contact Kelley Fitts for details
More Webinars Coming Soon! Topic areas will include:
Managing Your Repurchase Obligation
ESOP Administration Issues, and Solutions
Sharing the Numbers: Getting Started
Understanding your Fiduciary Responsibilities
S Corporation ESOPs
Understanding ESOP Valuations
Previous webinars – 2016 – Recordings are archived and available for viewing
Members of Ohio’s Employee Owned Network have free unlimited access to archived OEOC webinars. Contact Kelley Fitts at firstname.lastname@example.org for information on how to access the webinar archive. Non-members of the OEOC can access the archive for a fee of $25 per webinar.
ABCs of ESOPs for Participants – January 27th 10 am EST – Presented by Phil DeDominicis, The Menke Group – Just like the title says, this session will provide ESOP participants, both new and veteran, the information they need to understand their ESOP, from the top to the bottom.
To access this webinar, please contact Kelley Fitts at email@example.com
Selling Your Business To Your Employees via an ESOP – February 10th 10 am EST – Presented by Phil DeDominicis, The Menke Group – This session will cover what every business owner or manager needs to know about instituting an ESOP as a part or all of your ownership succession plan. To access this webinar, please contact Kelley Fitts at firstname.lastname@example.org
Demystifying ESOP Benefit Distributions – February 17th 10 am EST – Presented by Pete Shuler, Crowe Horwath – Distributions can be the most confusing aspect that you will encounter with regard to your ESOP. This webinar will provide a review of the legal framework for distributions, but will quickly get into the mechanics of distributions. You will learn how to determine who gets a distribution, the amount they are entitled to receive, and the form of their payment. Also discussed will be forms and disclosures you must provide and the correct handling of tax withholding and reporting. To access this webinar, please contact Kelley Fitts at email@example.com
Does Your ESOP Plan Support Your Business Plan? – March 9th 10 am EST – Presented by David Johanson, Hawkins Parnell Thackston & Young – A poorly designed ESOP Plan can create incentives and behaviors that aren’t aligned with your overall business strategy. This session will provide an overview of some of the more common plan provisions that can create problems. To access this webinar, please contact Kelley Fitts at firstname.lastname@example.org
Keys for a Successful Employee Ownership Culture – April 6th 10am EST – Presented by Jim Bado, Workplace Development – Whether you have a successful (or unsuccessful) culture can make the difference between whether of not you have a successful business. This session will cover a number of best practices for developing your ownership culture regardless of where you’re starting from in the process. To access this webinar, please contact Kelley Fitts at email@example.com
How the ESOP Fits in Your Overall Benefits Package – May 11th 10 am EST – Presented by Rachel Markun, Hawkins Parnell Thackston & Young – Your total Benefits and Rewards package is an important expenditure for your business. This session will explore the options when structuring a comprehensive benefit and compensation plan for your company. We will examine the tax issues with Employee Benefit Plans in general as they are related to either an S-Corp or C-Corp ESOP. To access this webinar, please contact Kelley Fitts at firstname.lastname@example.org
Motivating Your Employee Owners: How to get the best from your people – May 25th 10 am EST – Presented by Martin Staubus, Beyster Institute – The evidence is clear: simply putting stock in an ESOP does almost nothing to motivate employees and boost performance. So what can management do to engage employees and get them to bring their “A-game” to the workplace?” This webinar will review what has been learned over many decades about getting the best from our teams, individually and collectively. To access this webinar, please contact Kelley Fitts at email@example.com
Dot Your I’s and Cross Your T’s: Legal Considerations for an ESOP Acquiring Another Company – June 15th 10am EST – Presented by Jim Steiker, SES Advisors, Inc. – Acquiring another company can be a compelling part of your business growth strategy; It also requires a managed due diligence process that covers all the bases. This session will provide you with a primer on that process so you avoid the pitfalls. To access this webinar, please contact Kelley Fitts at firstname.lastname@example.org
New Trends with S Corporation ESOPs – July 13th 10 am EST – Presented by Dave Gustafson, Apple Growth Partners – As more and more ESOP companies are organized as S Corporations, staying current on regulations, trends, and other factors related to the S Corp ESOP is vitally important. This session will cover the new, the exciting, and the innovative. To access this webinar, please contact Kelley Fitts at email@example.com
Funding an Acquisition With Your ESOP – July 27th 10am EST – Presented by Jim Steiker, SES Advisors, Inc. – In this second of two webinars on acquisitions, this session will look at strategies, benefits, and potential issues with financing an acquisition via your ESOP. Covered topics include an overview of the regulations and law about about doing so, as well as innovative planning techniques that are available. To access this webinar, please contact Kelley Fitts at firstname.lastname@example.org
Additional Upcoming Topics
- Your ESOP Committee: Beyond Event Planning
- Accounting 101 for ESOP Companies
- Understanding Business: Financial Terminology and Concepts for Non-Financial People
Remember, Members of Ohio’s Employee Owned Network receive unlimited registrations to all of our webinars. In addition, all webinars will be recorded, and members of Ohio’s Employee-Owned Network will have free access to those recordings as well. Not a member but interested in learning more? Click Here for details or contact me at via email or phone 330-672-0338.
2014-15 Archived Webinars: For access to archived webinars, contact Kelley Fitts (330-672-3028). Access for archived webinars are FREE for OEOC members; $25/webinar for non-members.
- Marketing Your Employee Ownership to Customers, Clients and the Public – Martin Staubus, The Beyster Institute
- The ABCs of ESOPs for New Employee Owners and those “old timers” needing a refresher – Phil DeDominicis, The Menke Group
- Should We Sell Our ESOP Company? – Alberto del Pilar, ButcherJoseph & Co.
- Questions Internal Trustees Should Ask Valuation Advisors about Their ESOP Stock Valuation – Brian Bornino, GBQ Consulting LLC
- ESOP Administration Q & A – Pete Shuler, Crowe Horwath LLP
- The Role of an ESOP Administration Committee – Michelle Buckley, Meaden & Moore, LTD
- Strategic Talent Management: Know your People as well as you Know your Numbers – Stacy Feiner, BDO USA
- Acquisitions 101 for ESOP Companies – Tim Jochim, ESOP Plus: Schatz Brown Glassman Kossow LLP
- Tax Issues for Mature ESOPs – Dale Vlasek & Mark Klimek, McDonald Hopkins
- An ESOP Case Study: The Numbers Behind Selling to an ESOP – Julie Williams, Chase & Ted Lape, Lazear Capital Partners LTD
- So You Want to Put ESOP Participants on the Board of Directors… – Martin Staubus, The Beyster Institute
- Communicating Good (and Bad) News to Employee Owners – Cathy Ivancic, Workplace Development, Inc.
- Managing Growth in Your ESOP Company – Jeffrey Buettner, ButcherJoseph & Co.
- Ideas for Better ESOP Communications – Chris Cooper, Ohio Employee Ownership Center
- Tools and Strategies for Managing Your Repurchase Obligation – Tina DiCroce & Ashleigh Newlin, ESOP Economics, Inc.
- Understanding Your ESOP Statement and Stock Valuation – Bill McIntyre, Ohio Employee Ownership Center
- S Corporation Issues 1 – Mark Swanson, Crowe Horwath, Columbus OH
- S Corporation Issues 2 – Dave Gustafson, Apple Growth Partners, Akron OH
- ABCs of ESOPs for New Participants – Mark Mills, Mills Potoczak, Columbus OH
- Age 55 Diversification 101 – Mark Swanson, Crowe Horwath, Columbus OH
- Repurchase Obligation 1: Design Your Plan for Success – Dave Gustafson, Apple Growth Partners, Akron OH
- Repurchase Obligation 2: Financing Options - Alberto del Pilar, Butcher Joseph Hayes, St. Louis MO
- Internal or External Trustee? – Harvey Katz, FoxRothschild, New York NY
- Your Responsibilities as an Internal Trustee – Martin Staubus, Beyster Institute San Diego CA
- Managing Your New ESOP Company - Martin Staubus, Beyster Institute San Diego CA
- Managing Your Mature ESOP Company – Jeffrey S. Buettner, Butcher Joseph Hayes, St. Louis MO
- ABCs of ESOPs for Selling Owners and Their Advisors – Tim Jochim, Schatz Brown Glassman Kossow LLP, Columbus OH
Interested in joining Ohio’s Employee Owned Network? Click here for more information.
To answer any questions you may have, or for further information concerning these events please email Chris Cooper at the Ohio Employee Ownership Center or call 330-672-3028.