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The Pinske Edge now an ESOP company

Submitted by admin on Wed, 05/04/2016 - 12:13pm
PLATO — The Pinske Edge, a premier company providing surfaces and specialized tooling for residential and commercial applications, is proud to announce it is now a 100 percent employee-owned company.
 
This announcement of the Employee Stock Ownership Plan & Trust (ESOP) was made to The Pinske Edge employees at a special meeting held at the company’s headquarters in Plato.
 
An ESOP is an employee benefit plan, which provides company stock to employees as part of their retirement benefits. As a 100 percent ESOP owned company, all of The Pinske Edge, Inc., stock is now held in trust by the ESOP exclusively for the benefit of The Pinske Edge employees.
 
“I’ve been thinking about an ESOP for the last few years and I’m very happy that this has finally become a reality,” said Chief Executive Officer (CEO) Tom Pinske.
 
For more see the May 4 print edition of The Chronicle.