Lifetouch Sells to Shutterfly

Lifetouch, the sixth-largest majority employee-owned company in the U.S., has been sold to Shutterfly for $825 million. The company had over 16,000 participants in its ESOP.

Lists of ESOP Companies Now Available

The NCEO has cleaned up and packaged data from the U.S. Department of Labor on ESOP companies. The lists are available for all or part of the U.S. and include basic information about the companies, such as names, locations, and plan age.

Loan Funded Share Plans in Australia

In an interesting variation on employee stock purchase plans, loan funded share plans (LFSPs) in Australia allow an employer to make an interest-free loan to employees to buy shares. The shares are held in trust by the employer until the loan is repaid.

Local Employee Ownership Conferences Continue Online

Adapting to the socially distanced world, both the Vermont Employee Ownership Center (VEOC) and the Ohio Employee Ownership Center (OEOC) have moved their annual conferences online.

Looking for Burn Rates?

Many companies issuing equity awards want to know what their industry practices are for "burn rates." Burn rates are the percentage of shares available each year under the company's various individual equity plans.

Loren Rodgers to Join NCEO Staff

Loren Rodgers, a long-time senior principal of Ownership Associates, has joined to the NCEO staff. Loren will be working on ownership culture, research, and ESOP issues.