Meaning of ESOP
Employee Stock Ownership Plan
The practice of communicating with employees via the numbers
What is Open Book Management?
Number of GUY offices
What is two?
Using past financial performance and current conditions to predict future company performance
What is forecasting?
Forecasting helps us
Number of shareholders who own GUY stock
What is 2?
Rebecca owns 255 shares (51%) and the ESOP Trust owns 245 shares (49%). ESOP members own equity in the Trust - they do not own shares of stock.
What came first at GUY: ESOP or GGOB?
What is ESOP?
GUY became an ESOP in 2013 when Julie Guy began to move toward retirement. GGOB came later to help employees learn to think and act like owners.
Fun way to correct a weakness, develop new habits, or pursue opportunities.
What is a Mini-Game or Micro-Game?
Mini-games are company wide while micro-games are for individuals, teams, or departments.
GUY has been in business since...
What is 1987?
GUY's critical number
What is PBT (profit before taxes)?
Group that directs the ESOP Trustee how to vote ESOP shares
What is the ESOP Plan Committee?
Members of the ESOP Plan Committee are Rebecca Alvarez, Aaron Peck, Michael Twyman, Pete Ellis, Brandon Travers, and John Blickensderfer.
Pete is also the ESOP Trustee.
Way GUY follows the action and keeps score
What is a Huddle?
GUY has financial huddles every other week, when we forecast revenues and expenses for the current and next month.
Group that appoints the ESOP Plan Committee and ESOP Trustee, hires the President, and establishes corporate bylaws
What is the Board of Directors?
Members of the Board of Directors are Rebecca Alvarez, Michael Twyman, Aaron peck, Pete Ellis, and Brandon Travers.
Money owed by a company.
What is Accounts Payable?
Person who has daily control over the company based on authorities delegated by the Board of Directors
Who is the President (Rebecca Alvarez)?
Way GUY provides a stake in the outcome
What is the bonus plan?
Name one of the four circumstances when ESOP members vote
What is relocate the company, buy a company, sell a company, or make a major purchase that has a significant impact on the financials