Jasper Holdings announces record ESOP share value
Associate-Owner shareholders of the Jasper Holdings Inc. Employee Stock Ownership Plan were presented with news April 29 of record price per share.
Doug Bawel, chairman/CEO of Jasper Holdings, announced a new all-time record price of $559.80 per share.
“This is up $83.50 per share over our previous record,” said Bawel.
He went on to explain that a total of 36,354 new shares were distributed, bringing the total ESOP value allocated to shareholders to more than $209 million since its inception in 2009.
“Our ESOP has truly been a game changer for our associate-owners in their retirement strategy,” Bawel said. “We have a total of 2,630 active associate-shareholders today; 705 of those have greater than $100,000 in stock, and 1,209, or 46%, have greater than $50,000.”
This is in addition to the company’s matching 401k retirement plan, which has more than $245 million invested.
“Today, our market capitalization is in excess of $806 million, a $121 million increase over 2019,” said Bawel. “Simply unbelievable. Our Jasper family has been truly blessed by our customers in so many ways this past year, and we need to continue to earn their business.
“Let’s make sure we stay focused on what is in our control; a never-ending commitment to improvements in safety, quality, productivity, customer service and reduction of waste,” he said.