Company Does Not Plan to Change Its Management Structure
HANOVER, N.H. — Hypertherm announced the transfer of its common stock into an Employee Stock Ownership Plan (ESOP), making the company 100 percent employee owned under an S Corporation structure.
Previously, Hypertherm’s ESOP, known internally as the Hypertherm Stock Ownership Plan, or HSOP, held approximately one-third of the company’s stock. Controlling shareholders Dick and Barbara Couch created the plan in 2001, followed by a Global Stock Value Program (GSVP) for international associates in 2004.