Episode 11: Beyond COVID - Keeping Your ESOP On Track

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Summary

We’re getting to the end of year, and a general theme of our upcoming programming, as well as many of our conversations with companies and advisors alike, focuses on taking stock of what’s happened, and is still happening, and how we are looking at, and planning for, the future. In this episode of the Owners At Work podcast we’re highlighting a couple of recent conversations on this theme. First up we have Tina DiCroce and Collin Mayer of Chartwell talking about the impacts of Covid on repurchase and sustainability, a key issue for ESOP companies. And then we talk with Nick Sypniewski of Comstock Advisors about the covid impacts for business valuations, and the general outlook for the economy, heading into 2021. As always, we welcome your feedback on the discussion and the episode.

            

Guest Bios

Tina Dicroce

Tina Dicroce is Vice President at Chartwell where she is a leader in Chartwell’s Repurchase Obligation and Sustainability practice, working with ESOP companies to develop custom solutions for achieving long-term sustainability. With a strong background in ESOP repurchase obligation modeling and plan design consulting, Tina works with Chartwell clients on comprehensive studies which provide analysis of the impact on a company’s financials of all future claims on capital, and go beyond what is typically explored in a traditional ESOP sustainability study, delving deeper into a company’s strategic plan and exploring broader issues like compensation and optimal capital structure. Throughout her career, Tina has worked with companies of all sizes in diverse industries across the country.

Collin Mayer

Collin Mayer is a Senior Associate at Chartwell where he is a member of Chartwell's Valuation and Transaction Opinions practice, focusing primarily on Employee Stock Ownership Plans.  Collin joined the firm in 2012 and is experienced in providing independent financial advisory services to ESOP trustees and other corporate fiduciaries.  Collin is passionate about employee ownership and partnering with fiduciaries, boards of directors, legal advisors, management teams, and other transaction counterparties. Throughout his career, Collin has worked within a diverse array of industries and has extensive experience valuing general and specialty contractors and manufacturers. Collin co-leads the firm’s on-campus recruiting efforts and is heavily involved in training and development.

Nick Sypniewski  

Nick, an Accredited Senior Appraiser (ASA) of the American Society of Appraisers, is Managing Director in ComStock Advisors’ Cincinnati office. He has 25 years of experience in valuation, finance, and banking.  Nick has completed valuations for ESOPs, estate taxes, estate planning, gifting, mergers, acquisitions, sales, lending, litigation support, and marital dissolution. In addition to appraising businesses, he has appraised intellectual property including patents and trademarks. His consulting experience on behalf of ESOPs includes feasibility studies, implementation of ESOPs, purchases of large blocks of stock, annual updates, sales of ESOP companies, and acquisitions of companies by ESOP companies.

            

About the Podcast

The Owners at Work Podcast is a continuation of the biannual Owners at Work Newsletter which ran for 19 years (1990-2019). We are hoping to continue the same conversations and focus on providing updates on everything employee ownership. We plan to interview practitioners with expertise in different facets of employee ownership, academics doing new and interesting research, and most importantly, individuals who have a personal experience with employee ownership, including current and former employee-owners, mid-level to C suite management, and selling owners.

We Want to talk to YOU!

We want to produce a show that engages with relevant questions and provides practical lessons and information. We want this podcast to include the voices of those who practice employee-ownership each and every day. To that end we want to hear from you! We want to highlight what you are doing, whether you are an employee-owned company, a practitioner, or researcher.

***Please reach out via email: oeoc@kent.edu

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