A-1 INTRODUCES AN EMPLOYEE STOCK OWNERSHIP PLAN, GIVING EMPLOYEES A STAKE IN ITS FUTURE
FORT PIERCE, Fla., February 23, 2023 – A-1 Global Holdings, Inc., A-1 Global Holdings, Inc., a leading manufacturer of pre–engineered wood trusses and wall panels, today announced the introduction of a company Employee Stock Ownership Plan (A-1 ESOP), enabling eligible employees to benefit directly in A-1’s future prosperity as owners.
The A-1 ESOP will enable employees to acquire at no cost shares of stock in A-1 Global Holdings, Inc., the parent company for all A-1’s manufacturing operations.
“It’s an exciting time to be an A-1 employee,” said Herring, CEO, and Chairman of A-1 Global Holdings. “Given our strong growth prospects, creation of the A-1 ESOP recognizes the tremendous contribution our employees have made to A-1’s success. Participation is going to be both a source of employee pride and financial security for A-1 employees.”
The A-1 ESOP will be governed by an independent trustee to safeguard employee interests. By giving eligible employees a stake in the company, the A-1 ESOP is expected to enhance the Company’s culture and drive future growth. All A-1 employees share the Company’s core values of “Own it, Passionate, Honesty, and Respect.” Now they will be able to live out those values and reap the rewards as Company owners.
“The A-1 ESOP represents the perfect alignment of Company goals, values, and rewards,” said Jan S. Beck, President of A-1 Global Holdings. “It makes clear that our people are front and center, and that’s exactly how we want it.”
About A-1 Global Holdings
Founded in 1977, A–1 has over 365 employees is a leading manufacturer of pre–engineered wood trusses and EZWALL® framing solutions. The Company recently reorganized as A-1 Global Holdings, Inc., the new parent company for A-1 Industries of Florida, Inc., A-1 Industries of Georgia, LLC, and all future A-1 entities. A-1 currently has manufacturing facilities in Fort Pierce, Fla., and Bainbridge, Ga., and multiple employment opportunities for candidates who share the Company’s Core Values – Own it, Passionate, Honesty, and Respect.