Destinations by Design (DBD), a provider of high-quality destination management and event services to the incentive and corporate markets in Las Vegas for 28 years, has announced that effective November 5, 2018, the company's stock has been sold to its employees through an Employee Stock Ownership Plan (ESOP).
Read MoreThe shareholders of Miller/Howard Investments, Inc., an East Coast based money manager, have sold 100% of their ownership to its newly-formed ESOP. The ownership transaction will facilitate a transition of day to day management to a new generation of employees. All employees of the firm will now enjoy the benefits of ownership as ESOP participants. This was a complicated deal due to the regulatory and compliance requirements related to investment management companies and Pilot Hill Advisors is proud to have assisted Miller/Howard on this successful transaction.
Read MoreTodd Moreland says he wanted to be an electrician since he was 16 years old at Ooltewah High School, following in the footsteps of both his father and grandfather.
Read MoreBurlington, Vermont, Oct. 09, 2018 (GLOBE NEWSWIRE) -- Gardener's Supply, one of the nation's largest multi-channel marketers of gardening products and accessories, has announced a new organizational structure and management team. Gardener's Supply was founded by Will Raap in 1983 in Burlington, VT, and is 100% employee-owned. The management change will support the company's growth and plans to expand retail capacity to reach existing and new customers across the U.S.
Read MoreCINCINNATI--(BUSINESS WIRE)--Oct 9, 2018--The Board of Directors of The Procter & Gamble Company (NYSE:PG) declared a quarterly dividend of $0.7172 per share on the Common Stock and on the Series A and Series B ESOP Convertible Class A Preferred Stock of the Company, payable on or after November 15, 2018 to Common Stock shareholders of record at the close of business on October 19, 2018, and to Series A and Series B ESOP Convertible Class A Preferred Stock shareholders of record at the start of business on October 19, 2018.
Read MoreA letter to the president from members of Congress asks for protection against the DOL's practice of "regulation through litigation."
Read MoreAstro Machine Works has been a staple in the Lancaster County economy since 1984 and continues to be an industry leader in custom machining and fabrication. Located in Ephrata the company has expanded to over 100 employees during their 34 years in business and almost quadrupled their sales from 2006 to 2017 to just under $26 million.
Read MorePresident Donald Trump this week received a letter from 27 influential members of the House of Representatives, urging him to rein in overzealous and unfair enforcement of regulations that apply to ESOP companies.
Read MoreA significant split among circuit courts on this issue remains unresolved.
Read MoreWalmart-backed Flipkart will offer its employees an opportunity to cash in on part of their stockholding in the company at $126-128 per share, according to an e-mail to staff.
Read MoreWhen the owners of Mountainland Supply in Orem, Utah, were ready to get liquidity for their ownership, they could have sold to an outsider.
Read MoreSummit, NJ: Pilot Hill Advisors LLC is pleased to announce the newly formed Employee Stock Ownership Plan (ESOP) of Wright Architectural Millwork Corp. recently acquired 100% of the company's shares.
Read MoreReliance Trust Co. Inc. has agreed to a $4.5 million deal to settle claims from the U.S. Department of Labor that it breached the Employee Retirement Income Security Act when it caused Tobacco Rag Processors Inc. workers to pay too much for shares of the company's stock in 2011.
Read MoreAfter more than 40 years in business, California's Sun Light & Power announced the implementation of an Employee Stock Ownership Plan (ESOP) giving 100% ownership to the company's 80+ employees.
Read MoreIn the past few years, Mark Barnes and wife, Perri, were excited to prepare for their retirement from the lawn care and snow removal business, Barnes Inc., that they founded in 1981. But there was one thing that worried them: What would happen to their 145 employees — 175 during winter months — after they stepped down?
Read MoreDE SMET, S.D., Aug. 21, 2018 /PRNewswire/ -- Legend Seeds proudly announces its transition from a family-owned independent regional seed leader, to an employee-owned independent regional seed leader through an Employee Stock Ownership Plan (ESOP) as of August 1, 2018.
Read MoreBETHEL, Conn., Aug. 15, 2018 /PRNewswire/ -- BranchServ, a Division of Custom Vault Corporation, announced that revenues in the first half of 2018 were its strongest to date, topping several years of successive double-digit growth. Strong successes in its service business have complemented stellar security and automation equipment sales to drive performance.
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