March 2025 ESOP Report
Welcome to your March issue of the ESOP Report. This month we've packed the report with tons of articles and news about ESOPs that you won't want to miss!
A "Kind" Term to differentiate ESOP Association Resources from other articles.
The ESOP Association
Resources
The ESOP Association Congratulates Lori Chavez-DeRemer on Her Bipartisan Senate Confirmation as U.S. Secretary of Labor
The U.S. Senate today confirmed Lori Chavez-DeRemer to be Secretary of Labor in a bipartisan vote of 67-32. Democratic Senators Bennet (CO), Cortez Masto (NV), Gallego (AZ), Hassan (NH), Hickenlooper (CO), Kaine (VA), Kelly (AZ), Klobuchar (MN), Ossoff (GA), Peters (MI), Rosen (NV), Schiff (CA), Shaheen (NH), Slotkin (MI), Warner (VA), Warnock (GA), and Whitehouse (RI) voted to confirm Chavez-DeRemer.
Head of DOL’s Division of Employee Ownership Reinstated
The ESOP Association has been informed that the chief of DOL’s Division of Employee Ownership, Hilary Abell, has been reinstated, effective Monday, March 10. TEA is grateful to the Trump Administration for this rapid decision.
How a SWOT Analysis Influences ESOP Valuations
At a recent ESOP Association conference session on valuation issues, an ESOP company executive happened to remark, “Our annual valuation reports have never had a SWOT analysis (Strengths, Weaknesses, Opportunities, Threats).” One may not realize it, but such an analysis can take many forms which are used to assess a company’s risk.
ESOPs in the News: Gemini Industries, Inc. Announces Acquisition, Facility Expansion
Exciting news to share about Gemini Industries, a 100 percent employee-owned leading manufacturer of innovative wood coating solutions headquartered in
El Reno, Oklahoma.
The ESOP Association’s Fiduciary Guidebook is Now Available!
The ESOP Association is thrilled to announce the release of its comprehensive ESOP Association Fiduciary Guidebook – a must-have resource for anyone involved in managing an ESOP.
ESOP Legislation Gaining Momentum in State Legislatures
ESOPs are gaining momentum in state legislatures across the country, with an increasing number of states passing or considering laws to support employee ownership. These legislative initiatives recognize the economic and social benefits of ESOPs and aim to make transitions to employee ownership easier and less costly.
TEA CELEBRATES YVONETTE BROWN’S 20th ANNIVERSARY!
Milestone alert! In February, Accounting Manager Yvonette Brown marked her 20th Anniversary at The ESOP Association!
Charleston’s Southern Charm a Big Hit With ESOP Professionals
With record-setting attendance driven by increased attention on the public release of the Biden Administration Department of Labor’s proposed adequate consideration regulation draft, The ESOP Association’s Professionals’ Forum was a huge success.