ESOP Overview - An Introduction to ESOPs
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This replay was recorded on October 23, 2018.
About This Meeting
This session is a one-hour overview of to the main features of employee stock ownership plans (ESOPs). It is appropriate for people familiar with basic business and finance topics but new to ESOPs and for those responsible for ESOP communication. The session will cover the current status of ESOPs in the US and some highlights on their performance. The NCEO will use graphics, examples, and simple explanations to provide a general introduction to the features common to all ESOPs. NOTE: Every ESOP is different. This session does not attempt to teach people the specifics of how any particular ESOP works.
Edward C. Renenger
SES ESOP Strategies
Ed Renenger is COO of SES ESOP Strategies, a Stevens & Lee/Griffin affiliated company, and Co-Chair of Stevens & Lee's ESOP Group and the Employee Benefits and Executive Compensation Group. He concentrates his practice in helping companies navigate the complexities of employee stock ownership plans (ESOPs). In this capacity, Ed advises business owners on how to sell their companies to employees through an ESOP. This process typically involves working with the company to first determine the feasibility and impact of creating an ESOP, consulting on whether the ESOP accomplishes the goals of the relevant stakeholders, designing the appropriate structure to accomplish those goals, implementing the transaction and then assisting the company with the ongoing administration and compliance of the ESOP.
Mark B. Russell
SES ESOP Strategies
Mark Russell is part of SES ESOP Strategies and is also Head of Griffin Financial Group's ESOP Group. He works with investment banking clients and their principals providing merger and acquisition advisory services and private placements of debt and capital. Mark works extensively with business owners, evaluating their business and personal situations and assisting them in preparing for succession of or exit from their businesses. To accomplish this, he takes business owners through a process designed to help them identify their goals and objectives, then performs an exhaustive analysis of various alternatives (including management buyouts, ESOPs, recapitalizations, and minority or majority sales of the business) to ensure business owners have all of the information necessary to decide the best path to achieve their goals. Finally, he assists business owners in optimizing the strategies designed to achieve the desired outcome.