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IN-PERSON MEETING

ESOP Nuts and Bolts: What You Need to Know About Employee Stock Ownership Plans

This meeting is generously hosted by employee owned Wright Service Corp.

August 7, 2019 :: West Des Moines, IA

About This Meeting

This meeting covers the essentials of how an employee stock ownership plan (ESOP) works. Held at a leading ESOP company, it also provides an opportunity to learn about employee ownership from employee ownership companies. The session is aimed at people thinking about an ESOP, but may also be useful as a review for people in ESOP companies who want to know more about how the plans work.

Program

8:30 AM
Check-in and Refreshments
9:00 AM
Welcome and Introduction
TBA, National Center for Employee Ownership
9:25 AM
An ESOP Company Perspective
,
9:45 AM
What Is An ESOP and What Can You Use It For?
Hillary Hughes, Prairie Capital Advisors, Inc.
10:30 AM
Break
10:45 AM
What's Your Company Worth? ESOP Valuation
Lindy D. Ireland, BCC Advisers
11:30 AM
ESOP Feasibility
Joel David, Principal Financial Group
12:15 PM
Lunch
1:15 PM
ESOP Plan Designs That Work
2:00 PM
How to Finance an ESOP
2:45 PM
Who Runs This Thing? ESOP Fiduciary Issues
Victor Aspengren, Prairie Capital Advisors, Inc.
3:30 PM
Break
3:45 PM
Small Group Discussions
4:30 PM
Adjourn

Presenters

Victor N. Aspengren

presenter photologo

Prairie Capital Advisors, Inc.

Victor is a director at Prairie Capital Advisors, Inc. He has been heavily involved in ownership transition work for over 15 years. As part of Prairie Capital Advisors' Cedar Rapids office, he provides Midwest and national business owner clients the expertise needed for their ownership transition planning and implementation needs. As former CEO and HR manager at ESOP-owned companies, he has lived the ownership transition experience. Victor is a past chair of the board of directors of the National Center for Employee Ownership (NCEO).

Joel H. Davis

presenter photologo

Principal Financial Group

Joel is vice president-ESOP consulting at Principal and has more than 21 years of experience working with ESOPs and the companies that sponsor them. His technical areas of expertise involve ESOP feasibility consulting, repurchase liability and sustainability analysis, plan design, and administration. He is a member of the National Center for Employee Ownership, the ESOP Association (TEA), the Ohio Employee Ownership Center, and the Minnesota Chapter of TEA.

Hillary Hughes

presenter photologo

Prairie Capital Advisors, Inc.

Hillary is vice president at Prairie Capital Advisors, Inc., an investment banking firm specializing in ESOP advisory services to support growth and ownership transition strategies of middle-market companies. Hillary provides project management services, corporate valuations, and related transaction analyses in support of capital structuring engagements, including ESOPs. In addition, Hillary is a frequent speaker in forums around the country on topics including valuation, ESOPs, and ownership transition planning.

Lindy D. Ireland

presenter photologo

BCC Advisers

Lindy is vice president and shareholder at BCC Advisers, providing valuation services and consulting to ESOPs and those exploring employee ownership. With over 25 years of experience in financial compliance, planning, and analytical roles, her practice includes annual valuations, peer reviews, fairness opinions, and consulting. She is a frequent speaker at professional conferences and forums.

Meeting Site

The meeting will be held at Wright Service Corp., located at 5950 Grand Avenue, West Des Moines, IA 50266. Wight Service Corp has generously provided the facilities, the food and beverage for this meeting, as well their experience as an employee owned company. Our host company recommends the Holiday Inn Jordan Creek, located at 6075 Mills Civic Parkway, West Des Moines, IA 50266. Rooms are available at a special corporate rate for this meeting. You can reserve a room one of two ways:

Online by using this link.
1. When you click the link, it'll take you to the date request page. Choose the dates you are staying and click the button "Check Availability."
If the corporate rate of $109/night does not appear in your search, please refresh the page and try the search again.
2. Select your room (one bed, two beds, suite [$119/night] or standard)
3. Select WRIGHT SERVICE CORPORATION under the "Your Preferred Rate" section
4. Continue with the booking process.

Calling the hotel directly at 877.666.3243 saying you have a preferred corporate rate under Wright Service Corp.

Registration

All meeting registrations must be prepaid.

NCEO members: $75.00 per person. (Not a member yet? Join during checkout for only $90. Membership is a great way to learn more about employee ownership.)

Nonmembers: $75.00 per person.

This meeting is not yet open for registration. Please check back in the future.

Cancellation Policy

A full refund will be issued, less a $20.00 administrative fee, if the request is received by the close of business on July 8, 2019. Cancellations made after that date and before our guarantee date of July 24, 2019, will be eligible for credit toward another program, minus a $20.00 administrative fee. Those cancelling on or after the guarantee date will not receive a paper credit or a refund.