Put an Employee Stock Ownership Plan to Work for You! Join us for the Introduction to ESOPs Seminar scheduled to be held in Mankato on Wednesday, May 21, 2008 . Seminar Location:
Technology Plus, Classroom B
1961 Premiere Drive
Mankato, MN Attend our groundbreaking seminar and learn the latest about how ESOPs can help you: Who Should Attend? Owners or employees of companies interested in exploring an ESOP as a business succession planning tool, as well as attorneys, accountants, bankers and financial consultants who work with privately-held companies. Seminar Faculty John Babcock, JD, CPA, is an attorney with the Rinke-Noonan Law Firm in St. Cloud. He practices in all phases of tax law, including the development of business succession plans, estate planning and the installation of ESOPs. Deb Karlsrud is a Manager in the ESOP Consulting Group of RSM McGladrey Retirement Resources in Minneapolis. Her experience has been focused on ESOP consulting, recordkeeping, compliance and plan document issues. Deb has also served as controller for a small business and coordinator of benefit plans for an ESOP company. Chris Bohl is a Senior Vice President of Business Banking for Bremer Bank in St. Louis Park. Chris has over 10 years of commercial banking experience, with expertise in financing ESOP transactions. Steve Nelson is Managing Director of Chartwell Capital Solutions' ESOP practice in Minneapolis. He has provided financial advisory services to privately-held companies since 1991, and is a recognized authority on ESOP business valuation and ownership transition issues. Roger Ryberg is an employee-owner and President of Windings, Inc., a New Ulm-based company that manufactures custom-built electric motor/generator components and assemblies. The company was established in 1965 and acquired by Roger and his family in 1983. In 1998, Windings, Inc. formed an ESOP for the planned purchase and transition of company stock to its employees. | Seminar Program
9:00 a.m. WELCOME & INTRODUCTION 9:15 a.m. WHAT IS AN ESOP? - The history of ESOPs and a review of basic terms.
- How does an ESOP work?
- What are the most common uses for an ESOP?
- What are the benefits of an ESOP to the company, its owners and employees?
- Examples of both leveraged and non-leveraged ESOP structures.
10:15 a.m. BREAK 10:30 a.m. WILL AN ESOP WORK FOR YOU? - How does a company establish an ESOP?
- What conceptual and technical issues need to be addressed?
- What questions need to be answered in order to determine if an ESOP is a feasible ownership vehicle for your company?
11:20 a.m. FINANCING AN ESOP - How does a company finance an ESOP transaction?
- What are the general credit requirements, information needs and collateral considerations required by most banks when lending to ESOP companies?
- What factors determine whether to use bank debt or seller financing?
12:15 p.m. LUNCH WITH OUR EXPERTS - An opportunity to visit with our seminar experts over lunch and ask questions to help you determine whether an ESOP makes sense for your company.
1:00 p.m. VALUING YOUR COMPANY - An overview of business valuation concepts, terms and methods.
- Why ESOP sponsor stock valuations need to be established at various stages of the planning, establishment and ongoing administration of an ESOP.
- Issues and considerations unique to valuations for ESOP purposes.
1:45 p.m. CREATING AN OWNERSHIP CULTURE - First-hand experience from the President of Windings, Inc., an ESOP company located in New Ulm.
2:45 p.m. QUESTIONS FOR OUR EXPERTS 3:00 p.m. ADJOURN |
