On June 2, 2016, Moretrench employee-owners gathered in Rockaway, NJ for our Annual ESOP Shareholders’ Meeting and Service Awards Presentation. It was an exciting event, as the new stock price was announced and employee-owners received their Employee Stock Ownership Statements showing their updated individual stake in the 100% employee-owned company. Special recognition was given to the eighteen employees who recently became 100% vested and the thirteen employee-owners who reached 5, 10, 15, 20, and 25 years of service to the company.
CEO, Art Corwin and CFO, Rich Telesmanich discussed the 2015 financial results of the company, along with the bright outlook for the future.
Being a 100% employee-owned company is not only about the financial benefit, it is an important part of our corporate culture.