Jasper Holdings, Inc. announces record ESOP Value for 2022

Associate-Owner shareholders of the Jasper Holdings, Inc. Employee Stock Ownership Plan (ESOP) were presented on April 27th with some outstanding news. Jasper Holdings, Inc. Chairman/CEO Doug Bawel announced a new all-time record price of $873.48 per share based on their performance and market conditions.

“This is up $99.10 per share, a 12.84 percent increase in a very turbulent 2022 with inflation, increased interest rates, and a down stock market,” said Bawel.

He went on to explain, “When the stock market declined 15 to 20-plus percent in 2022, and we are up 12.8 percent, that’s awesome! A total of 37,291 new shares were distributed, bringing the total ESOP value allocated to shareholders to over $447 million in current value since its inception in 2009.”

ESOP has truly been a game changer for our associate owners in their retirement strategy. The company has a total of 2,641 active associate shareholders today; 1,083, or 35 percent of those, have greater than $100,000 in stock, and 1,576, or 51 percent, have greater than $50,000.

“This is all in addition to our matching 401k retirement plan, which has over $258 Million invested in a fully funded trust,” Bawel added.

“Today, our market capitalization is in excess of $1.257 billion, a $143 million increase over 2021,” Bawel said. “This is awesome! Our JASPER family has been truly blessed by great customers who have been patient through these material and labor shortages.”

“Our success directly reflects our associate owners and their commitment to do it right in these challenging times,” Bawel added. “We have been blessed with great associate owners who have continued to stay focused on what is in our control; a never-ending commitment to improvements in safety, quality, productivity, customer service, and reduction of waste.”

As seen in the Dubois County Free Press.