Kovach is Now 100% Employee-Owned!
What is an ESOP?
An Employee Stock Ownership Plan (ESOP) gives Employees an ownership interest in the Company through shares of stock. With a 100% ESOP Owner Company, Employees are not just working for the Company – they are now working as Owners of the Company
What Changes?
The organizational structure of the Company does not change. We still have a President and the same leadership team. The shares issued through the ESOP will be non-voting shares. Clients and Employees can still expect the same great Kovach and more
Key Benefits
- Ownership Mentality:
Every Employee has a stake in the Company’s success. Hard work directly contributes to the growth of Kovach, and in turn, personal financial growth. - Job Satisfaction:
Studies show that Employee-Owned Companies often have higher job satisfaction, better retention rates, and stronger team collaboration. - Self-Development:
Small improvements of just 1% better for each Employee-Owner lead to compounded accomplishments and progress for the Company as a whole.
Building a Lasting Legacy Together
This is an exciting new chapter in Kovach’s 54 year story, and we’re thrilled to share this journey with you. Together, we’ll continue building success for the Company and for ourselves.
For any questions about our ESOP or how it will benefit you, please contact the ESOP Committee esop@kovach.net or attend one of our upcoming info sessions.