Spectrum is proud to be an employee owned company. In 2007, the Spectrum Employee Stock Ownership Plan (ESOP) was established and it made 30% of the company’s common stock available to Spectrum employees. And in March 2014, the ESOP was expanded to 45%. The ESOP is designed to give our employees a vested interest in Spectrum through ownership of company stock. It gives our employees an additional incentive to be responsive to our customer needs and provides an opportunity to share in the growth and success of the company.
Spectrum’s ESOP is a qualified retirement plan in which ESOP contributions are 100% company provided. Shares of Spectrum stock have been released to over 300 employee-owners.