CHUCK & DON’S LEADERSHIP TEAM PUTS EMPLOYEES FIRST THROUGH EMPLOYEE STOCK OWNERSHIP PLAN


We Make Pets Happy!

Employees to become primary shareholders of the company by 2020

MAHTOMEDI, Minn. Chuck & Don’s, the local destination pet supplies store with excellent customer service and a wide selection of products, put an Employee Stock Ownership Plan (ESOP) into place in 2014. With October being National Employee Ownership Month, the Chuck & Don’s team is reminded of their financial decision and the importance of each employee.

Chuck & Don’s has a long-standing reputation for being a progressive and positive place of employment. The company was one of the first to enact minimum wage increases in Minnesota in 2014, earning Chuck & Don’s a visit from the Secretary of Labor. Additionally, Chuck & Don’s has also been named a top workplace by Minnesota Business and the Star Tribune. Implementing ESOP is just another way that the Chuck & Don’s leadership team — spearheaded by Chief Financial Officer and Integrator (COO) Thomas Murphy — is showing value to its employees.

Since joining Chuck & Don’s in 2013, Thomas Murphy has been an integral part of the brand’s growth as the local destination pet supplies store with excellent and knowledgeable customer service. In his role, Tom oversees the Chuck & Don’s finance, information technology and human resources departments, as well as provides strategic financial support to Chuck & Don’s in relation to budget management, cost benefit analysis, forecasting needs and securing new funds.

As part of the leadership team, Tom continues to foster a progressive, employee-friendly environment that has earned the confidence, approval and loyalty of its workforce. He also works to manage the ESOP plan, which provides a wide variety of benefits to employees and will allow Chuck & Don’s employees to become the primary shareholder by 2020. As Chuck & Don’s grows in value, team members will specifically and significantly benefit. Every team member who meets the eligibility criteria will become member of the ESOP.

“Just as our customers are an important piece of our business, so too are our employees,” said Bob Hartzell, CEO and President of Chuck & Don’s. “Employee ownership is an important piece of our business model, and we look forward to all the value it will continue to bring in the future.”

The ESOP provides Chuck & Don’s yet another opportunity to attract, retain and reward the very best staff, which helps ensure that the customer receives excellent service every time.

To learn more about Chuck & Don’s, visit www.chuckanddons.com.

###

About Chuck & Don’s

Founded by Charles “Chuck” Anderson and Don Tauer in 1990, Chuck & Don’s is the local destination pet supply store offering brand name, specialty and hard-to-find pet foods and supplies for dogs, cats, small animals, birds, reptiles and aquatic creatures. Chuck & Don’s is known for its outstanding customer service, highly knowledgeable staff and commitment to the communities it serves.  Chuck & Don’s has 28 Minnesota, 10 Colorado locations and one location in Wisconsin. Chuck & Don’s was featured on the Inc. 5000 list of fastest-growing companies in 2016 and has been named a top workplace by Minnesota Business and the Star Tribune. Shop online for all your favorite Chuck & Don’s products at select locations. To learn more, visit www.chuckanddons.com.

Employee Owned


people-and-pets

Did you know that in 2014, Chuck & Don’s adopted and implemented an employee stock ownership plan (ESOP)?

An ESOP makes all eligible employees a shareholder of Chuck & Don’s. As Chuck & Don’s grows in value, our team members will benefit significantly. Every team member who meets the eligibility criteria is a member of the ESOP.

The ESOP is a qualified retirement plan (per the U.S. Department of Labor) which protects the employees and governs the plan. When team members retire or leave Chuck & Don’s for any reason, the value of their Chuck & Don’s stock, converted to cash, will go with them.

Implementation

To build on our initiative, we created a team member ESOP committee. Our committee will be comprised of non-executive team members. They will keep team members engaged and informed regarding the ESOP, as well as train team members on the benefits of being part of an ESOP. In essence, the committee will help bring the ESOP to life!

Goal

Our goal is for Chuck & Don’s to continue to grow in value with all shareholders benefiting. The ESOP provides us yet another opportunity to attract, retain and reward the very best staff, which helps ensure, you, our customer receives the excellent service you deserve.