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").
October 17, 2018
Welcome and Introduction
Loren Rodgers, NCEO
An ESOP Company Perspective
ESOP Transaction Structures
Ted Margarit Chartwell
Assessing ESOP Feasibility
Peter E. Jones, ESOP Plus: Schatz Brown Glassman LLP
Table Talks: Roundtable Discussion Groups
Plan Design and Operation
Tabitha Croscut, Devine, Millimet & Branch, PA
Adjourn: 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 Valuation Consultants, LLC
Financing an ESOP
William A.Stewart, PCE Investment Bankers
James Steiker, SES Advisors, Inc.
Lunch with the Experts
Incentive Compensation for ESOP Companies
Timothy J. Cleary, Chartwell
Alternatives to an ESOP
Timothy Jamison, Prairie Capital Advisors, Inc.
Investing the 1042 Rollover
Nicholas J. Francia, UBS-The ESOP Capital Group
Ownership Communications and Culture, Recent Research
Loren Rodgers, NCEO
Timothy J. Cleary
Tim leads Chartwell's ownership advisory practice, helping privately held and mature ESOP-owned businesses assess and respond to the challenge of driving healthy, sustainable growth. He has been assisting business owners and ESOP companies since 1987. His prior legal, tax, and administrative experience allows him to design creative and practical solutions that drive performance improvements. Tim is an active member of the ESOP Association, the NCEO, and Employee Owned S Corporations of America (ESCA).
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 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.
Peter E. Jones
ESOP Plus: Schatz Brown Glassman LLP
Peter is a partner with ESOP Plus: Schatz Brown Glassman LLP. Peter structures and implements business succession transactions throughout the U.S. with an emphasis on ESOP transactions. He designs ESOP plans and advises ESOP companies with their continuing regulatory compliance. Peter is a member of the American Bar Association, the NCEO, and the ESOP Association. Peter frequently speaks on matters pertaining to ESOPs.
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 Advisors, Inc.
Jim is chairman/CEO of SES Advisors, Inc. and founding partner/chairman of its sister law firm, Steiker, Greenapple & Fusco, P.C. Jim 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.
The meeting will be held at the Sheraton 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 reservations at 800-325-3535 by September 16, 2018. Please mention the National Center for Employee Ownership (NCEO) when making your reservation.
Registration (Companies Only, Not Service Providers)
Registration is restricted to companies that have an ESOP or are considering one. To register, choose the number of attendees from the drop-down list below, add it to your cart, and on the first screen of checkout enter the attendee name(s) and email(s) in the box at the bottom of the form.
All meeting registrations must be prepaid.
NCEO members: $195.00 for the first person and $170.00 for each additional person through September 16; $245.00 for the first person and $220.00 for each additional person thereafter. (If you are not an NCEO member but join when you register, you will receive the member price.)
Nonmembers: $260.00 for the first person and $240.00 for each additional person through September 16; $310.00 for the first person and $290.00 for each additional person thereafter.
Note to service providers: Service providers may attend by sponsoring the seminar (with a speaking or nonspeaking sponsorship). Otherwise, service providers who are new to employee ownership may be given special consideration to attend by contacting NCEO Webinar and Seminar Director Colleen Kearney at email@example.com or 510-208-1311.
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.
A full refund will be issued, less a $50.00 administrative fee, if the request is received by the close of business on September 16, 2018. Cancellations made after that date and before our guarantee date of October 11, 2018, will be eligible for credit toward another program, minus a $50.00 administrative fee. Those cancelling on or after the guarantee date will not receive a paper credit or a refund.