27 Nov November ESOP Spotlight
11.27.2023
Welcome to Eagle & Fein, P.C.
The Eagle Wealth Planning Institute is pleased to present to you our November ESOP Spotlight.
This month, we teamed up with Mark Thompson! Mark is the Vice President of Finance at Wood-Mizer Holdings, Inc.
Mark Thompson, MBA, served twenty years as the Chief Financial Officer of Wood-Mizer Holdings, Inc. Wood-Mizer is a world leader in sales, manufacture and distribution of portable and static band sawmills, blades and services. This forty-one-year-old company employs 1,100 personnel in twenty-five countries with subsidiaries on every continent. In addition, Wood-Mizer supports over one hundred distributors world-wide. Wood-Mizer’s ESOP was established in 2004 and is now a 100% ESOP owned company. Mark has served the company since the inception of the ESOP, has served on its Board of Directors and as the Chair of the ESOP Administration Committee.
Mark also serves as an external director for Barry Co, Otto-Meyer, Inc and DK Pierce & Associates, all ESOP companies.
Brain Eagle and Mark Thompson discussed the following ESOP questions:
- Tell us about your ESOP experience as a participant since 2004.
- Did the ESOP have an impact on you staying with the company?
- Do you think being an employee-owned company has helped the company culture?
- As you’re heading into retirement, when it came time to diversify your account, what factors did you consider?
- What advice do you have for new employees just starting in an employee-owned company?
Check out the full video below!