WHAT DOES IT MEAN
TO OWN SHARES IN BOUDREAU?
When you own SHARES (also known as "equity") in a company - in this case, Boudreau - it is a type of security that signifies part ownership in the company. This part ownership entitles the shareholder (or, in this case, the employee) to that portion of the company's assets and earnings.
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Because you are an Employee Owner, this means that you will also have a responsibility to help take care of the company. But what does this REALLY mean?
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Well, it simply means that you need to be smart and work hard! Don't let waste and carelessness hurt your hard work. Pay attention to your actions, and encourage those around you to be responsible with Boudreau, too!
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We give you the seed to plant, but your hard work is what grows the tree!
HOW DO BPC SHARES GAIN VALUE?
Every year, an independent appraiser audits and values the company based on our performance and financials. This means that the more efficient and profitable the company has been, the higher the share value of the company will be.
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Although it's up to the independent appraiser to determine the company's value based on our performance and financials, it's up to all of us - the Employee Owners - to make sure the company continues to perform at its best. And the best way to do this is to work hard, be responsible with our time and equipment, and encourage those around us to do the same!
HOW DO I STAY INFORMED?
Each year, employee owners will receive formal financial statements of their account and the amount of BPC shares they have, usually around June.
These reports will show BPC’s share value after END OF YEAR audits have been conducted, and will also show if the share value has gone up or down from year to year.
HOW MANY SHARES DO I GET?
BPC Shares get allocated on a point system, based on years of service and compensation. This means that you get 1 point per year of service at BPC, plus 1 point for every $5,000 of compensation that you earn.
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For example, if you've worked here for 10 years, and you make $50,000 per year:
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10 years = 10 points
$50,000 / $5,000 = 10 points
10 + 10 = 20 points allocated to you!
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Shares will be pro-rated based on the total number of available shares, divided by the number of points issued to each employee.