Recorded Wednesday April 1st, 2020 at 12:30pm EST/ 9:30am PST

 

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About the Webinar

Companies must manage plan distributions, but stock valued as of December 31, 2019, will not reflect the economic disruption caused by COVID-19. We will cover the interrelated issues of ESOP valuation standards, delayed distributions, equity compensation, and partial plan terminations, with a focus on plan amendments, interim valuations, and other steps companies can consider.

This webinar is provided a service of the NCEO staff and board to the employee ownership community.

Presenters

Barbara M. Clough

Newport Group

Barbara is a director at Newport Group in the firm's national ESOP administration and consulting practice. Barbara is responsible for client relations, plan administration, and compliance for ESOP plan sponsors as well as client relations, training, mentoring, and managing the ESOP team. Barbara holds a BS from UMass. She is an NCEO board member, immediate past chairwoman of the ESOP Association's Administrative Advisory Committee, ASPPA credentialed, and a frequent speaker/author.

Kevin Long

Employee Benefits Law Group

Kevin guides public and private companies and their advisors through ESOP feasibility studies, designs, transactions, terminations, and IRS/DOL ESOPs, KSOPs, EIAPs audits . He and his team of experts craft ESOPs to the specific needs of business owners who are looking for the most rewarding succession plans from the businesses they’ve worked to hard build. Co-author of "ESOPs for Administrators,” he's a California State Bar certified tax law specialist.

Steve Nelson

Chartwell

Steve leads Chartwell's valuation and transaction opinions practice. He has provided financial advisory services to privately held companies for more than 25 years and is an expert on valuation issues related to employee stock ownership plans. He also advises clients on a variety of corporate finance, valuation, financial fairness, mergers, acquisitions, divestitures, and general corporate-related matters. Steve is an active member of the ESOP Association and the NCEO.