Events


Webinar | ESOPs – Trustee & Board of Directors; Fiduciary & Fiduciary

Please don't forget to ADD this event to your CALENDAR!
Monday, June 15, 2020
04:00 PM - 05:00 PM CST

02:00 PM - 03:00 PM (Pacific)
03:00 PM - 04:00 PM (Mountain)
05:00 PM - 06:00 PM (Eastern)

WEBINAR
Zoom Invitation Will Be Shared the Day of the Event

Register

Overview

ESOP-owned companies have another fiduciary at the table beyond the board of directors; the trustee of the ESOP.  This webinar will explore this unique dynamic, from the perspective of a board member, a trustee of the ESOP and a legal advisor to each. The goal of this webinar is to raise awareness of this particular dynamic amongst current and prospective board members of ESOP-owned companies.

Thank you to our National and Gold Chapter Sponsors!

061120_PDA_Sponsors_-_Logos_Only

Panelists

Bloom

Lee Bloom
Managing Director
Aldine Advisors

Mr. Bloom is the founder of Aldine Advisors LLC, providing management and financial decision support to closely-held and ESOP owned companies.  Prior to forming Aldine Advisors, Mr. Bloom worked in the valuation practice at Duff & Phelps for over 20 years. Mr. Bloom is a past chair of the Valuation Advisory Committee of the ESOP Association. Currently, Mr. Bloom serves on the boards of directors of Universal Technologies of Wisconsin and Xtek Corporation. He has previously served on the boards of Best Travel & Tours, First Empire Securities, Valin Corporation, Recology Inc., and Blue Heron Paper Company. Mr. Bloom graduated from Washington University in St. Louis where he received his BSBA and MBA degrees.

Heeter

Rich Heeter
Managing Director
Capital Trustees

Rich Heeter is the founder and Managing Director of Capital Trustees, LLC.,  providing Independent Trustee and Fiduciary services for ESOP transactions and ongoing engagements. Capital Trustees has been engaged as Transaction Special Fiduciary/Trustee by companies ranging in size and value from $1.0 million and 15 employees, to $400 million and 3,000 employees.  Additionally, Capital Trustees serves as ongoing Trustee to approximately 40 ESOP owned companies and has performed engagements throughout the U.S.  Rich has served as an ESOP Trustee since 2008. During the past 12 years, he has been involved in over 100 transactions. A Penn State graduate, Rich has also earned both the Chartered Financial Consultant (ChFC) and Chartered Life Underwriter (CLU) designations from the American College. 

Woolsey

Tracy Woolsey
Senior Vice President
Horizon Trust & Investment Management

Tracy E. Woolsey, is a Senior Vice President and Employee Benefits Officer at Horizon Trust & Investment Management, located in Michigan City, IN where she serves on several committees.  Among her responsibilities, Tracy oversees our ESOP Trustee practice group; employee benefit plan administration; retirement plan design, implementation, development, research and compliance; new business development; employee education; and retirement planning seminars.    Prior to joining Horizon in 1999, Tracy was an Employee Benefits Consultant with Crowe LLP.  She currently serves as the Immediate Past President of the Indiana Chapter of The ESOP Association and is the current Chair of the ESOP Associations Fiduciary Committee and was a past member of the ESOP Association’s Ownership Culture Committee.  Tracy is a regular speaker at various ESOP events and has published several articles about ESOPs.

Stewart

Tim Stewart
Partner
DeWitt LLP

Tim Stewart is an attorney and partner at DeWitt LLP.  For 15 years, Tim has handled all aspects of Employee Stock Ownership Plans (ESOPs), from inception to termination and everything in between. Tim and DeWitt have worked with ESOPs of small businesses with fewer than 25 participants and very large corporation ESOPs with thousands of participants. Because all ESOPs are governed by federal law (ERISA), Tim represents ESOP companies in our home states of Wisconsin and Minnesota and throughout the Midwest.  DeWitt’s ESOP Practice Group now has over 100 ESOP company clients.

Moderator

Schumacher

John Schumacher
Managing Director
Adamy Valuation

Mr. Schumacher is a Managing Director with Adamy Valuation. He has extensive experience in providing financial opinions and valuation advisory services to companies, trustees, financial sponsors, and legal counsel on behalf of their clients. Mr. Schumacher leads Adamy’s Chicago office. His work with ESOP-owned companies includes as a valuation advisor to ESOP trustrees in ESOP implementation transactions, on-going annual valuations for administration of the ESOP and as a litigation consultant and/or expert. John’s experience encompasses a wide range of industries and has included companies of varying sizes, from startup to mature large cap publicly-traded companies. Mr. Schumacher earned an undergraduate degree from Drake University and an MBA degree from the University of Michigan Business School (nka Ross).

Register