OUR COMMITMENTS
As a driving force for industrial and economic innovation around the globe
To make our vision a reality, StoneAge Holdings commits to …
| • | Uniting strategic resources, talent, and assets to rigorously generate powerful, positive outcomes for the industries we serve. |
| • | Fostering a relentless culture of ownership and innovation that serves as the fuel for ground-breaking industrial, technological, and economic progress. |
| • | Radically embrace and celebrate the authenticity, vulnerability, and differences of all individuals in the organization to encourage deeper connections and collaboration towards collective goals. |
Economic Empowerment through Employee Ownership
StoneAge Holding is 100% employee-owned through our Employee Stock Ownership Plan (ESOP). As a result, employees receive lucrative profit sharing and retirement fund distributions that are a direct reflection of their efforts to drive company success. The Board of Directors and Executive Management Team take pride in creating rewarding careers and the chance to work alongside remarkable colleagues to achieve something truly meaningful together.
As a 100% employee-owned company, StoneAge Holdings is committed to being an impactful and positive presence in the lives of its employees, customers, partners, and local communities. StoneAge sustains its company culture and inspires customer loyalty by staying true to its “Own It Mindset” core values and creating long-term success for all stakeholders.
What is an ESOP?
An ESOP is an ownership model that is best accessed at retirement, similar to a 401(k) plan, but instead of investing in the stock market, the ESOP trust buys company stock and holds its assets in a trust for employees. An ESOP can own just a small percentage of the company or up to 100 percent of it. As ESOP participants, company employees accrue shares in the plan over time and are paid out by the company repurchasing their shares, typically after they leave the company. ESOP benefits are maximized the longer an employee says with the company and when they roll the cash into an IRA until retirement age. Proven to be a robust, successful model for companies, broad-based employee ownership is becoming more popular throughout the United States, generally for companies with 50 – 1,000 employees.
OWN IT MINDSET
Employees of StoneAge Holdings passionately embody the OWN IT mindset. With a collective focus on problem solving and creating solutions, the team takes ownership of the work they do and measures success by the quality and impact of that work.
When employees act like owners (because they are owners), a tangible spirit for continuous improvement, accountability, and responsibility for the company’s success is revealed. They never say, “that’s not my job,” but instead own their actions and graciously succeed or fail as a team.
Taking Ownership
Igniting success
Being 100% employee-owned fosters a culture where success isn’t just completing tasks, but genuinely taking ownership of one’s work.
One Team
One Vision
When we treat each other as owners, we celebrate achievements and learn from challenges, uniting to conquer ambitious goals.
Accountability
Breeds Innovation
Employees embracing OWN IT thrive with accountability and collaboration, owning their duties and working together for a bigger impact.
Testimonial
“We are creating a sustainable, forward-thinking company committed to improving the lives of its employees. We are proud that all our employees share in the success of StoneAge and find deeper meaning in their work”
— Fritz Kin, Board Member