Bloomberg BNA, a leading resource for legal, tax and business information, invites business owners, tax and finance directors and in-house counsel to learn how employee stock ownership plans (ESOPs) can support growth and ownership transition strategies.
ESOPs are commonly used by an owner seeking to retire, however, in today’s business market of successful start-ups, there’s an opportunity to consider them earlier in the lifecycle of the company. ESOPs, when done properly, may position the company for financing, allow for acquisitions, help attract and retain top talent in a competitive environment, and create wealth for owners and employees.
Register today to:
Networking reception to follow.
Registration is closed for this event. Thank you for your interest.
3:00 PM Registration and Networking Coffee
3:28 PM Welcoming Remarks
3:30 PM Identifying the Value Opportunity
Join Bloomberg BNA for a conversation about the value that ESOPs may create for a business – profitability, employee retention, talent management, retirement savings, etc. Our expert will put ESOPs in context about the opportunity and the risk to help business owners determine whether this is the right option for them.
3:50 PM Wealth Creation, Succession Planning, Plan Design and Case Study Discussion
Seen through the lens of a case study, this segment will focus on how an ESOP, designed properly, can provide business owner’s a valuable tool for succession planning while offering an opportunity for wealth creation for all stakeholders.
4:30 PM Valuation & Financing Approaches, Legal Issues and Preparing for the Sale
Experts will provide insights on the legal, financial and fiduciary responsibilities of trustees. This session will help you consider the approaches and issues you need to take into account as you prepare for the sale of your company to an ESOP.
5:10 PM Closing Comments
5:15 PM Networking Reception--Meet the speakers!
Dr. Bill Castellano is the Associate Dean and Professor of Strategic HR Management at Rutgers University School of Management and Labor Relations. He is the former Executive Director of the Center for Management Development and Director of the Center for HR Strategy. His research, teaching, and consulting activities are focused on the effective management of human capital, employee engagement, and developing leaders for the challenges of the 21st century. Bill has over thirty years of experience working in corporate, entrepreneurial and research environments where he was involved with human resource strategies and practices that supported both individual business groups and the global enterprise. Bill is an accomplished researcher publishing his work in practitioner and academic journals and is a frequent speaker at national HR and business conferences.
Steven M. Etkind oversees the firm’s Tax, Trusts and Estates, ERISA and Employee Stock Ownership (ESOP) Groups. He is also a Certified Public Accountant. Mr. Etkind has created hundreds of estate plans, ranging from a few million dollars in size to those in the hundreds of millions of dollars. Mr. Etkind has represented trust companies or business owners in numerous ESOP transactions, advised many businesses and private investment partnerships on taxation, corporate transactions, business succession issues and employee incentive strategies.
Prior to joining Sadis & Goldberg, Mr. Etkind was associated with a New York City-based law firm with practices in hedge funds and other private investment funds, tax and estate planning and corporate and tax representation of privately held companies.
Christopher Mackin is the Founder and President of Ownership Associates, Inc. of Cambridge, MA. Ownership Associates provides “after the transaction” assessment, training and corporate governance services to companies broadly owned by their employees through Employee Stock Ownership Plans (ESOPs). Chris also serves as a partner at American Working Capital, LLC, an investment banking firm based in Chicago and New York that specializes in broad based employee ownership transactions.
In addition to consulting, Chris serves a Lecturer at the Rutgers University School of Management and Labor Relations where he teaches an undergraduate survey course called Employee Ownership and Group Incentives. Chris held the Sidney Harman Fellowship at the Kennedy School of Government of Harvard University from 1978-80 and earned a Doctorate in Human Development at the Harvard Graduate School of Education in 1984 with a thesis called The Social Psychology of Ownership: A Case Study of a Democratically Owned Firm.
Russell Seacor is the founder, Chief Executive Officer and Chief Financial Officer of Clean Air Quality Service, Inc. (“CAQS”). CAQS is a provider of heating, ventilation, air conditioning and refrigeration services to the Tri-State (New York, New Jersey & Connecticut) area. In 2015, Mr. Seacor and his partners sold 100% of CAQS to an Employee Stock Ownership Plan.
John N. Vitucci is a Principal in the Employee Benefits Services Practice at PKF O’Connor Davies and has more than 30 years of experience working with Fortune 500 corporations and investment banks in all areas of employee benefits, executive compensation and ERISA. John is currently an adjunct professor at Columbia University where he teaches Pensions & ERISA and Oral Communications for Actuaries in the Actuarial Masters Program. John founded Pension Equity Advisors LLC.
John was a senior partner at Deloitte Tax LLP where he worked for 24 years. He was the National Employee Benefits Leader, Northeast Employee Benefits Leader and member of the Northeast Tax Management Committee. His primary focus was in serving clients and the development of new employee benefit products. He was previously a pension specialist with the Employee Plans Division of the Internal Revenue Service.
John has as spoken at numerous seminars on employee benefits, has published many articles, and has been quoted in numerous publications, including The Wall Street Journal. He previously chaired the Employee Benefits Committee for the New York State Society of Certified Public Accountants. He was the chairperson of Foundation for Accounting Education’s 1994 and 1995 Employee Benefits Conference. He was a contributing editor of the employee benefits column for The CPA Journal for 4 years.
Kjersti Cory joined GreatBanc Trust Company in 2016. Prior to joining GreatBanc Trust, Ms. Cory opened the Illinois office of Bankers Trust Company Employee Stock Ownership Plan (ESOP) Services. She has worked with employee-owned companies since the 1990s, providing trustee and ESOP transactional services to clients throughout the country. Ms. Cory’s experience includes the implementation of new ESOPs, second-stage ESOP transactions, redemption and sales transactions, mergers and acquisitions, as well as refinancing, restructuring, bankruptcy and liquidation transactions.
Ms. Cory earned a bachelor of science in business administration degree, with an emphasis on finance, from the University of Missouri, and a master of business administration from Quincy University. She is a member of the ESOP Association and its Administrative Advisory Committee. Ms. Cory is also a member of the National Center for Employee Ownership and the Ohio Employee Ownership Center at Kent State University.
Ms. Cory currently serves as Senior Vice President in the Qualified Retirement Plans Services group
Alfred W. Fiore is a Principal of the Firm who focuses on providing clients with strategic consulting services. His leadership experience includes close and direct involvement with corporate executives, boards of directors and compensation committees in developing and implementing their incentive-driven compensation programs for senior management and directors.
Mr. Fiore’s broad background includes twenty-five years with a Big Four accounting firm. As an audit partner in the New York office, Mr. Fiore was a member of the Operating Committee and was responsible for a segment of the audit practice specializing in manufacturing and financial services clients. In addition, he was a member of the firm’s Paris office where he served on the Professional Practice Committee and coordinated the services provided to several multinational corporations by the firm’s European offices. Subsequently, Mr. Fiore has served as an independent director and has provided strategic consulting services to clients across a broad range of industries.
Mr. McGinley operates out of and manages Prairie Capital Advisors’ Atlanta office. He specializes in all aspects of ownership transition financial advisory services to business owners, Boards of Directors and trustees, including Employee Stock Ownership Plans (ESOPs), mergers and acquisitions (M&A), capital raising, and the valuation of businesses and business interests for gift and estate tax planning, strategic planning, financial accounting and reporting, buy-sell agreements and dispute resolution. He currently serves as a member of The ESOP Association’s Valuation Advisory Committee.
Mr. McGinley provides financial advisory services primarily to middle market, privately held businesses in a wide range of industries such as: architecture/engineering/construction firms, automotive, biotechnology, chemical, consumer goods, distribution, energy, entertainment, financial services (including accounting, banking and investment management), government contractors, food and restaurant, health care and dentistry, technology, management consulting and other service related firms, manufacturing, oil and gas, pharmaceutical, public relations, retail, transportation, telecommunications and utilities.
Allyson Versprille is a reporter in Bloomberg BNA’s Arlington office, covering federal tax news including estate and gift tax, trusts, tax-exempt bonds and financial instruments. She also covered President Donald Trump’s transition into office, offering insight into how his agenda and executives orders would impact tax policy. A University of Virginia graduate, Versprille interned at Bloomberg LP in New York and worked at National Defense Magazine in Arlington before joining Bloomberg BNA.
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