News - 2/11 - SES Advisors
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News & Events

At King Arthur Flour, Savoring the Perks of Employee Ownership

Last month, a recipe for lemon cake filled with pastry cream and lemon curd spread quickly on Facebook, garnering 6,200 shares and 9,900 likes. Of the 300-plus commenters, some had followed the recipe and were displaying photos of their frosted creations, while others asked baking questions or inquired about dairy- and gluten-free versions of the recipe. Another contingent was just plain hungry. “I need a piece of that cake right now,” one person wrote. The recipe and the Facebook page are those ... Read more

King Arthur Flour Named 2016 Employee-Owned Company of the Year

King Arthur Flour, an employee-owned company headquartered in Norwich, Vermont, was named the 2016 ESOP (Employee Stock Ownership Plan) Company of the Year by The ESOP Association. The award was presented at the Association's 39th Annual Conference in Washington, DC on May 18, and accepted by several employee-owners on King Arthur Flour's Ownership Culture Team. The award recognizes a company that shows a strong commitment to employee ownership–which includes promoting employee participation, wealth creation, and individual dignity and worth. Read the entire ... Read more

National employee stock ownership plan (ESOP) attorney to speak on best practices of making the ESOP transition

Steiker, Greenapple & Fusco P.C., will be offering their expertise in employee stock ownership plans (ESOP) on June 2nd at the Vermont Employee Ownership Center Conference and on June 7th at The ESOP Association's 2016 Super Regional Board of Directors & Trustee Conference for the PA/DE, NY/NJ and New England Chapters. On June 2nd, SG&F will be speaking at the 2016 Vermont Employee Ownership Conference at Champlain College in Burlington, Vermont. With co­speakers David Stiller from Heritage Aviation and John Brady of ... Read more

More worker-owned businesses are sprouting

A growing number of employers are devising an innovative remedy for wage stagnation and income inequality: turning their workers into owners. Last month, top Greek yogurt maker Chobani cast a national spotlight on the trend by announcing that the company’s 2,000 full-time employees will receive shares worth up to 10% of the company’s value when it goes public or is sold. Yet the two most prominent ways to give workers significant stakes — employee stock ownership plans (ESOPs) and worker cooperatives — go ... Read more

The Michigan Chapter of The ESOP Association has named Koops, Inc. the 2016 Company of the Year

Koops, Inc., a systems integrator company offering custom automation solutions, has received the distinction of being named ESOP Company of the Year by The ESOP Association of Michigan. Winning the ESOP Company of the Year award is an honor based on a few specific criteria. Most importantly, the winning company must demonstrate a commitment to encouraging a sense of employee ownership, as shown by the company's involvement with The ESOP Association, the way the company communicates with employees and the way it ... Read more

Marketing Firm Benefits from ESOP implementation

Nina Hale is a grateful capitalist. A veteran marketer for years at other companies, Hale, 49, launched her eponymous digital-marketing agency, Nina Hale Inc., in 2005. She invested $2,700 in a computer, phone and a month’s rent for a small office in the Lyndale-Lake neighborhood of south Minneapolis. This year, the downtown agency of 60 employees expects profitable revenue of $9 million-plus. In early 2014, Hale projected the firm would grow revenue by 8 percent annually over four years. It grew 30 percent in each ... Read more

Mark Your Calendars: Upcoming Learning Opportunities

News & Events Mark Your Calendars: Upcoming Learning Opportunities Author: Beth Chambers   Speakers from SES Advisors and our sister law firm, Steiker, Greenapple & Fusco, will be at a number of upcoming events. For more information, follow the links below or contact us. November 12–13, 2015 — Several of our advisors will be presenting at The ESOP Association’s 2015 ESOP Conference and Trade Show in Las Vegas: Jim Steiker will discuss “Duties and Responsibilities of Trustees.” Tina Fisher will discuss “Diversification and Current Trends, Including Mandatory Diversification.” Steve ... Read more

AACE 2015 Winners have been announced

SES Advisors would like to congratulate all of the ESOPs who were nominated for an AACE 2015 award. We would especially like to send our warmest congratulations to our client Fabric Services who were runner up in the category "Special Events & Promotions – One Outstanding Event, 250 or Fewer Employees" From The ESOP Association Website: The Annual Awards for Communications Excellence (AACE) are sponsored by The ESOP Association to recognize the outstanding communications programs of its members. AACE winners are chosen by a ... Read more

Hannibal Industries Features in LA Times for their Impressive & Strategic Growth

SG&F sends a hearty congratulations our client, Hannibal Industries, whose strategic and impressive recovery was featured in a recent LA Times article. Hannibal Industries, a large scale, California-based manufacturing company, became an employee owned company via ESOP in 2008.  Then the Recession hit, slashing Hannibal’s revenue in half, and causing a 50% reduction in its workforce.  Since then, the company successfully fought for survival, reinventing itself with efficiency, innovation and creative repurposing.  It is now on target to exceed its pre-2008 revenues ... Read more

Celebrating 25 years or more as an ESOP company

SES Advisors is proud to congratulate three of our long time clients who have been awarded The ESOP Association's 2014 Silver ESOP Award. Congratulations to: SECHAN Electronics, Inc. Lititz, PA Tunnell Consulting, Inc., King of Prussia, PA Unette Corporation Randolph, NJ We are proud of these three clients, but also all of the award winners who have shown a strong commitment to Employee Ownership. As ESOP Association President, J. Michael Keeling recently said: “Research proves that employee owned companies provide more sustainable employment and preserve locally-controlled jobs in today’s global economy.” ... Read more
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