2009 Silver ESOP Award Winners

  

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Here is the entire announcement:

April 15, 2009 (Washington, DC) – The ESOP Association has presented 12 corporate members of the Association with a Silver ESOP Award to recognize their work in sustaining their ESOP (employee stock ownership plan) for 25 years or more. This year, the Silver ESOP Awards are being presented to companies that will be celebrating 25 years as an ESOP company in 2009.

This is the second year the Silver ESOP Awards have been presented by the Association.

In 2008, 130 corporate members were presented with the first annual Silver ESOP Awards.

To qualify as a Silver ESOP Company, winning companies had to have an ESOP in place for 25 years or more, from 1983 on.

"It is my pleasure to present these companies with the 2009 Silver ESOP Award for excellence in sustaining their ESOP for 25 years. Congratulations to all," said J. Michael Keeling, president of The ESOP Association. "In the fall of 2008, 92.4% of ESOP Association members responding to an Economic Performance Survey reported that creating employee ownership through an ESOP was 'a good business decision that has helped the company.' In today's economic conditions, this is an amazing figure but not an unbelievable one. As these Silver ESOP Award winners have clearly shown, sharing wealth with employee owners creates greater economic prosperity and strengthens our free enterprise system. This is the direction we need to move to turn our economy around."

The list of 2009 Silver ESOP Award Winners:

Alpine Bank, Grand Junction, CO
Bridge Community Bank, Mechanicsville, IA
Capital Fire Protection Co., Columbus, OH
EMA Group, Inc., St. Paul, MN
James M. Pleasants Co., Inc., Greensboro, NC
Kerotest Manufacturing Corp., Pittsburgh, PA
Medler Electric Company, Alma, MI
Midway Ford Truck Center, Inc., Kansas City, IA
SRC Holdings Corp., Springfield, MO
Stylmark, Inc., Minneapolis, MN
Western Building Products, Inc., Milwaukee, WI
YSI, Incorporated, Yellow Springs, OH

All 2009 Silver ESOP Award winners will be honored at The ESOP Association's Annual Conference in May and highlighted at the 18th Annual Awards Banquet held on the evening of May 5th.

To be named a Silver ESOP Award winner, a company must be a member of The ESOP Association and have an ESOP in place for 25 years or more.