May 2, 2006

Annual Conference Sets Record; Innovations Awards Announced

NCEO founder and senior staff member

The NCEO/Beyster Institute Conference in St. Paul drew a record 770 attendees. A highlight of the conference was the first annual Employee Ownership Innovations Awards. The grand prize winner this year was Reflexite Corporation, whose innovative plan structures and longstanding commitment to ownership have made it an outstanding employee ownership company for many years. Other winners were Hot Dog on a Stick, for its ability to create ownership culture in the challenging environment of fast food outlets; Calibre Systems, for its overall integration of employee involvement, corporate governance, and plan structure into an effective ownership package; and SmithBucklin Corporation, for its creative plan structure in which employees were able to invest their 401(k) assets in company stock but were provided with protection against the price declining.

If your company is interested in applying for the award next year, contact Loren Rodgers at [email protected] or visit the NCEO Web site starting in November 2006. The awards are sponsored by TEOCO, an employee-owned software company in Fairfax, VA.

Save the dates March 21-23, 2007, for the annual conference in San Diego next year. Escape winter and join us for what we are sure will be another successful event!