Jasper Holdings, Inc. announces ESOP share value
Thu, 05/05/2022 - 10:39am admin
Associate-owner shareholders of the Jasper Holdings, Inc. Employee Stock Ownership Plan (ESOP), were presented Tuesday with some outstanding news. Jasper Holdings, Inc. Chairman/CEO Doug Bawel announced a new all-time record price of $774.38 per share. “This is up $214.58 per share over our previous record, a 37% increase in one year,” said Bawel. He went on to explain, “a total of 36,854 new shares were distributed, bringing the total ESOP value allocated to shareholders to over $367 Million since its inception in 2009.”
Bawel shared, “Our ESOP has truly been a gamechanger for our associate-owners in their retirement strategy. We have a total of 2,529 active associate-shareholders today; 954 or 37% of those have greater than $100,000 in stock, and 1,468, or 58%, have greater than $50,000.”
“This is all in addition to our matching 401k retirement plan, which has over $245 Million invested,” he said.
“Today, our market capitalization is in excess of $1.115 Billion, a $291 Million increase over 2020. This is Awesome!” Bawel said. “Our Jasper family has been truly blessed by great customers who have been so patient through these material and labor shortages.”
He added, “Our success is a direct reflection of our associate-owners and their commitment to do it right in these challenging times. We have been blessed with great associate-owners who have continued to stay focused on what is in our control; a never-ending commitment to improvements in safety, quality, productivity, customer service, and reduction of waste.”