Is an ESOP Right for You? An In-Depth Look at Employee Stock Ownership Plans
A seminar specifically designed for companies considering an ESOP
October 17–18, 2018 :: Memphis, TN
About This Meeting
Learn how you can enhance your company's legacy and benefits plan with an ESOP—the most tax-efficient method of exit planning. The seminar will cover valuation, financing, legal issues and plan design, issues for selling shareholders, and communication and ownership culture.
This seminar is also an excellent way for new employees at an ESOP company to gain an understanding of how ESOPs work. To maintain the integrity of this meeting, registration is restricted to companies that either have an ESOP or are considering one
(see below under "Registration").
This event has already taken place. Please see our upcoming in-person meetings and Webinars.
October 17, 2018
Check-in and Refreshments
Welcome and Introduction
Loren Rodgers, NCEO
An ESOP Company Perspective
Jennifer Webster, Barr Brands International
ESOP Transaction Structures
Ted Margarit, Chartwell
Assessing ESOP Feasibility
Tim Jochim, Walter Haverfield
Table Talks: Roundtable Discussion Groups
Plan Design and Operation
Tabitha Croscut, Devine, Millimet & Branch, PA
Wine and Cheese
Join your co-attendees and presenters for wine and cheese and get those last-minute questions answered
October 18, 2018
Welcome and Recap
Loren Rodgers, NCEO
Determining Stock Value
Chuck Coyne, Empire Valuations Consultants, LLC
Financing an ESOP
William A. Stewart, PCE Investment Bankers
James Steiker, SES ESOP Strategies, a Stevens & Lee/Griffin Company
Lunch with the Experts
Incentive Compensation for ESOP Companies
Matthew G. Keene, Chartwell
Alternatives to an ESOP
Timothy Jamison, Prairie Capital Advisors, Inc.
Investing the 1042 Rollover
Nicholas J. Francia, The Capital ESOP Group - UBS
Ownership Communications and Culture, Recent Research
Loren Rodgers, NCEO
Empire Valuation Consultants, LLC
Chuck is a managing director of Empire Valuation Consultants. He has over 30 years' professional experience providing financial consulting, business appraisals, ESOP feasibility, and transaction consulting, due diligence, and expert witness testimony on business valuation matters. Chuck has extensive experience with the valuation of business assets and interests for purposes of ESOPs, providing ESOP feasibility studies, plan design, and implementation consulting services. He has assisted over 100 companies in exploring the feasibility of utilizing an ESOP and implementing an ESOP for business succession purposes.
Devine, Millimet & Branch, PA
Tabitha is a shareholder and chairperson of the ESOP team at Devine, Millimet & Branch. Tabitha's national legal practice is focused on ESOPs, counseling clients regarding transactional, compliance, and fiduciary issues, and representing companies, sellers, and trustees in transactions. Tabitha serves as a director of the Vermont Employee Ownership Center, is an active member of the ESOP Association and the NCEO, and serves as a trustee for the Employee Ownership Foundation.
Nicholas J. Francia
UBS- The Capital ESOP Group
Nick is a member of UBS- The Capital ESOP Group and his role includes creating tailored cash-flow models comparing a taxable sale of privately held businesses to a §1042 tax-deferred sale to an ESOP. His passion is educating business owners on tax-efficient exit strategies, empowering them to make informed decisions. Nick is committed to helping clients recognize their options, understand the pros and cons of each strategy, and choose which succession plan is best.
Prairie Capital Advisors, Inc.
Tim is responsible for business development and growth initiatives focused on new and mature ESOP opportunities. He advises companies and principals on valuation and ownership transition issues, specifically ESOP formation and implementation. Services include adequate consideration analyses, feasibility studies, transaction financing and restructuring, fairness and solvency opinions, post-transaction cash flow analyses, and annual valuations. Tim has performed valuations and mergers and acquisitions on a variety of companies in various industries.
Walter Haverfield LLP
Tim, a partner at Walter Haverfield LLP, is a national authority on business succession and ESOPs and a trusted advisor to clients in succession planning, business transactions, legacy planning and corporate governance. He also has expertise in mergers and acquisitions, corporate finance, employee benefits and corporate tax. He is a frequent speaker to business and trade organizations on business succession, ESOPs and corporate governance. Tim is a member of the NCEO, the ESOP Association, and is co-founder of the Ohio/Kentucky Chapter of the Association.
Matthew G. Keene
Matt leads Chartwell's executive compensation consulting practice. He works with privately held companies to obtain relevant pay data and achieve key goals for compensation programs, with a special focus on ESOP companies and equity-based incentives. Over the past 25 years, Matt has worked with companies on all aspects of qualified and non-qualified plan origination, operation, and termination. Matt currently serves on the board of the NCEO and is a frequent speaker and writer on topics relating to executive compensation and ownership transition alternatives.
Ted is a member of Chartwell's corporate finance practice, where he focuses on providing holistic ownership transition strategies, including the execution of ESOP transactions and/or traditional sell-side processes to strategic and private equity buyers. Prior to Chartwell, Ted was an investment banker at Harris Williams & Company and Lazard Middle Market, where he advised both family and private equity held companies on their sale.
National Center for Employee Ownership
Loren joined the NCEO in 2005 and became its executive director in 2010. He writes extensively on employee ownership and has spoken at events around the world. Since entering the field in 1995 as a consultant, he has worked with hundreds of companies. His expertise includes ESOPs, equity compensation, best practices for employee ownership companies, research, effective communications, employee motivation, corporate governance, ESOP transactions and operations, and business literacy.
SES ESOP Strategies, a Stevens & Lee/Griffin Company
Jim, from SES ESOP Strategies, a Stevens & Lee/Griffin Company
, is a corporate, pension, and tax attorney and financial advisor with 30+ years of experience in ESOPs and other employee ownership matters. Jim is past chair of the ESOP Association's Advisory Committee on Finance and serves on the ESOP Association Board of Governors. He is a past trustee of the Employee Ownership Foundation and a past member of the board of the NCEO. A frequent speaker and author, he serves as a director of nine ESOP companies.
William A. Stewart
PCE Investment Bankers
A PCE partner and head of the firm's ESOP practice, Will is considered an expert in the ESOP community. Having a deep understanding of the benefits business owners and employees realize through an ESOP, Will welcomes the opportunity to advise owners on their transaction options. He offers clients a personalized approach in identifying, implementing, and executing an ESOP suitably structured for the future well-being and sustainability of their businesses.
Barr Brands International
Jennifer Webster has been an employee owner at Barr since 2004 and is the director, corporate finance and treasury. She leads the audit, tax, financial reporting and treasury functions and is the financial administrator of the ESOP plans. Prior to joining Barr, she managed accounting and treasury functions at Onyx Medical and Cleo. Jennifer has a MBA from Christian Brothers University and a BBA/Accounting from the University of Memphis.
The meeting will be held at the Sheraton Memphis Downtown Hotel
, located at 250 North Main Street, Memphis, TN. Sleeping rooms are available for our group at a special rate of $159. To make a reservation, please call Sheraton Reservations at 800-325-3535 by September 26, 2018. Please mention the National Center for Employee Ownership (NCEO) when making your reservation.
Continuing Education Credit
The National Center for Employee Ownership (NCEO) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org
This program is a "group-live" offering and provides 11.00 hours of CPE credit for accountants in the area of "specialized knowledge and applications." The material is basic level. No prerequisites or advanced preparation is needed. For more information regarding administrative policies such as complaint and refund, please contact the NCEO at 510-208-1300.
The National Center for Employee Ownership (NCEO) is registered with the IRS as an approved provider of continuing education credit. This program provides 3.00 hours of IRS credit for Enrolled Retirement Plan Agents. Programs listed in other areas of our Web site are not approved for continuing education credit for Enrolled Retirement Plan Agents. Attendees must provide a PTIN with their registration in order to obtain IRS CE credit. Continuting education credit is not mandatory for tax return preparers.
This program is valid for 8.25 PDCs for the SHRM-CPSM or SHRM-SCPSM.