Wednesday, March 28, 2018

Whoa! Stock Valuation is UP!

 recent company email: The ESOP Trustee (GreatBanc Trust) has completed its annual valuation and determined the value of ___ Stock to be $5,108 per share, an increase of 30.7% from the previous valuation.  ___'s strong performance in 2017 and outlook for the future were key drivers, but other factors contributed as well.  These included a strong stock market, good performance by comparable companies, solid global economic conditions and the positive effects of the recent change in U.S. Tax rates.

The value of ___ Stock in participants' accounts in both the ___ Legacy Stock and ___ ESOP Leveraged Stock Funds, has been adjusted by Vanguard to reflect this new price.  In addition, ___ has made the necessary contributions to the ESOP Trust for Plan year 2017 and a new allocation of ___ Stock will be made to the ___ ESOP Leveraged Stock Fund accounts of all eligible KSOP participants based on the new stock value.   Both the stock price change and the new contributions will be visible in participant accounts by March 30th.

Congratulations to our Team Member Owners!




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