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Articles Tagged with ''ESOP''

The Next Generation

Exploring the Possibilities of Employee Stock Ownership Plans

Along with playing a role in establishing a succession plan, ESOPs offer a range of other benefits for dealer-principals and their employees.
By Dave Kanicki posted on March 12, 2015 | Posted in Operations & Finance, Dealer Succession

Farm equipment dealers who are looking to establish a succession plan for their companies to ensure their dealerships remain viable business entities, whether or not they remain at the helm of the company, are taking a close look at the potential role that an Employee Stock Ownership Plan (ESOP) could play in the process.


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Clint Schnoor

[Webinar] Is an ESOP Right for Your Dealership?

July 16, 2014 | Posted in Dealer Succession
Clint Schnoor is the president of Agri-Service, a 10-store AGCO dealership based in Idaho. In this webinar, Schnoor explains the pros and cons of employee ownership, the cultural and operational changes involved and share solid advice based on his experience going through the change in ownership structure. [To view any of our webinar replays, you must be logged in with a free user account.]
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Employee Ownership (ESOPs)

Clint Schnoor, Chief Operating Officer and Director, Agri-Service Inc.
March 13, 2013 | Posted in Dealer Succession
Agri-Service's Clint Schnoor walked attendees through the nuts-and-bolts of the Employee Stock Ownership Plan (ESOP) structure. Schnoor, who is president of an ESOP association, explained that ESOPs are qualified retirement plans designed to own the stock of the sponsoring company. Agri-Service, a 9-store AGCO group, was founded in 1990 and moved to an ESOP in 2010. In effect, all 170 employees are now "owners."?
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