Taking Ownership
Employee Stock Ownership Plan (ESOP)
SPAN is excited to announce that effective January 1, 2018, 100% of the company’s stock has been sold to its employees through an Employee Stock Ownership Plan (ESOP). This transaction gives all eligible employees a financial interest in the success of the business, uniting them all as co-owners!
King Husein (CEO) made the grand announcement companywide on July 10, 2018 – 6 months after celebrating the company’s 38th year anniversary. King’s vision has always been that the company will continue to live up to its legacy and core values that have been entrenched in the company since its inception in 1980. As opposed to selling the company, the ESOP is an excellent way to assure:
- Continuation of the culture, values, leadership, and company operations that have made SPAN the leader in the steel building industry
- Retention and the reward of valued long-term employees
- Long term company success and profitability; in the hands of hardworking employees
- Continually enhanced product offered to Clients in the future
“Selling the company really felt like I would have been pulling the rug out from underneath everyone,” King stated while reflecting on his decision process. The final decision of transitioning to an ESOP offers an exciting alternative that really stands to benefit and empower employees who continue to invest in the company – because they are now investing directly into their future.
The First Step
If you are a lot like us, we want to hear from you!
Thank you for your interest in SPAN. As we continue to grow, we regularly re-evaluate our staffing needs. We are always interested in reviewing resumes of strong potential candidates. We periodically have opening for: building erectors, site superintendents, business development, and administrative assistants. In addition to the following positions, please visit us on LinkedIn for more information/opportunities.