Associate-Owner shareholders in the Jasper Engines & Transmissions Employee Stock Ownership Plan (ESOP) were treated to another record-setting share value April 25th. A total of $9,963,676 in new shares was distributed to 2,316 eligible Associate-Owners.
JASPER® share value has experienced rocket ship growth since the inception of its ESOP in 2009 at $2.30 per share. JASPER Chairman/CEO Doug Bawel was thrilled to announce to Associate-Owners the 100% Associate-Owned company’s new share value was $220.55 for 2016, up 20.6% over 2015!
“To put your company in perspective,” Bawel told Associate-Owners, “the NASDAQ, S & P 500, and the Dow averaged 10.1% growth in 2016, and you averaged 20.6%, which is double what those three did last year.”
Bawel shared, “JASPER has been blessed, and has so much to be thankful for, including four record-setting years.” He added the company is very thankful for all the hours, efforts and 18,400+ Continuous Improvement ideas of our Associate-Owners in making 2016 such a success. “As you can see, we have had great growth in our share value since we started our plan, and we have outperformed Apple, Ford, Microsoft, General Electric and 98% of all publicly-traded companies.
“If we stay committed to Safety, Quality, Productivity, Customer Service and Reduction of Waste, we can, and will continue, to be very successful,” he added.
Today, Jasper-Weller has 11 remanufacturing plants, 75 branch locations and 3000+ Associate-Owners across the United States.
Country music singer/songwriter, Colton James, has become a regular visitor at Jasper Engines & Transmissions in recent months, not only to show his support for the 190 military veteran Associate-Owners that work at our facilities, but to share information about his project Harvest 4 Heros.
Harvest 4 Heroes helps fund the support for our wounded war veterans in providing them an opportunity to visit a retreat just outside Norfolk, Virginia. This retreat is designed to meet the needs of our wounded veterans and provide bonding opportunities for them and their families while partaking in hunting, fishing, camping and other outdoor activities.
His most recent visit was on April 5th to shoot a music video for his song, "Brave Men", a tribute to all who served in the Armed Forces. Some of JASPER's military veteran Associates were asked to participate in James' video, and contribute a picture of themselves in uniform for the video shoot.
"We are really excited to be at Jasper Engines & Transmissions, in the fact that you employ so many veterans across the country," said James. "One thing this video is going to stand for is going to be representing what all our brave men and women do."