ESOP Economics is proud to be a Gold sponsor at the ESOP Association’s 22nd Annual Multi-State Chapter conference for the PA/DE and NY/NJ chapters, being held September 14 – 15, in Scranton, PA.
Ashleigh Newlin and Tina DiCroce, Directors at ESOP Economics, will also be speaking in separate break-out sessions on Thursday.
Ashleigh will present a beginner session on Thursday morning on “Fundamentals of Repurchase Obligation”, which will cover the basics of repurchase obligation – what is it, what drives it, and what can you do to manage it? The forecasting process will also be discussed.
Tina will be presenting Thursday afternoon as part of a panel discussion with Renee Stadtmueller (Blue Ridge ESOP Associates) and Stephen Glinski (Omni Cable) on the topic: “How a Repurchase Obligation Study Can Help You Optimize Your ESOP.” This intermediate level session will focus on the choices you have regarding how to handle distributions from the ESOP, such as distribution policy (timing and form) and how repurchased shares are handled (recycling vs. redeeming), including the pros and cons of each option, administrative concerns, and the impact on future cash flow requirements and benefit levels. The CFO of a successful ESOP company, Omni Cable, will share how his company altered its strategy to manage a “repurchase surprise”, as well as how to effectively communicate these kinds of challenges and decisions to the Board and the employee-owners.
For more information about the conference, including registration information, visit the ESOP Association's website.
The ESOP Association (TEA), founded in 1978, is the largest employer sponsored advocacy and education association focused on retirement savings in America, is a national non-profit membership organization, with 18 local Chapters, serving approximately 2,500 employee stock ownership plan (ESOP) companies, professionals with a commitment to ESOPs, and companies considering the implementation of an ESOP. The Association’s focus is on preserving and promoting employee stock ownership through the ESOP structure. Enhancing laws before Congress and regulatory agencies that govern ESOPs and providing its members with expert educational ESOP programming and information are its main concentrations.