In March and April of 2012, the OEOC offered five one-hour webinars covering a variety of topics and presented by experienced professionals. These webinars present a convenient way to learn about important ESOP topics from your computer.
The following archived webinars are now available;
- Basic ESOP Administration Primer
- Repurchase Obligations: Moving From Study To Strategy
- Avoiding the Seven Deadly SIns in setting up an ESOP
- ESOP Benefit Distributions… a Critical Administratie Issue
- Valuation – a Black Box Demystification… Understanding the ESOP Valuation Report
For more information and to view any of these recordings, click here.
Earlier this month, SS&G, an employee-owned accounting firm based in Montrose, Ohio, celebrated their 25th anniversary. SS&G began with only 2 employees, and since then the firm has grown to become the 41st largest accounting firm in the US with more than $70 million in revenue last year and more than 450 employees. To celebrate their anniversary, the firm hosted a luncheon program for the Greater Akron Chamber’s Young Professional Network members. Read more on this story from the Beacon Journal.
Business Wire recently announced the accomplishments of Neuberger Berman since they converted to employee-ownership three years ago. In their goal to become 100% employee owned, the company committed to and began payments on equit purchases from Lehman Brothers Holding in April 2012. Since March of 2011, they have acquired $11.5 in new institutional business and increased mutual fund assets by 11%.
Long Island Business News reported that the employees of Peerless Electronics have purchased 100% of the firm through an ESOP as of May 30. The executives agreed that an ESOP was the best way to “ensure the continued success of Peerless for the benefit of its employees, customers and suppliers.
Six of the 86 winners of the Leading Edge Awards for 2010 are ESOPs. They are Delta Systems, EBO Group Inc., Falcon Industries, Garland Industries, Plasticolors and Rable Machine. The award recognizes northeast Ohio middle market companies that are highest in compensation, earnings, and local purchasing…all factors that create value for the local economy. Despite the downturn, winners showed resilience and the ability to innovate, grow and create value.
The Leading EDGE featured company this year was EBO Group, a winner in several past years. At the awards dinner, company founder Dave Heidenreich gave the keynote presentation on his companies–strategies for success through employee ownership and success sharing. Dave started an EBO or Excellence-by-Objective Process in 1984, focusing each employee on ideas for individual and company growth. He is also a longtime member of the OEOC’s Advisory Board.