4
THE DAVEY BULLETIN
|
May/June 2021
ASK THE CEO
ANSWERING YOUR EMPLOYEE OWNERSHIP QUESTIONS
Q. Where are the best places
to find information on stock
ownership opportunities?
A. The DaveyConnect mobile app
"Employee Ownership" category
contains a wealth of information
on stock ownership programs, and
the E.O. Corner quick link within
DaveyConnect is where you can
find current resources such as an
employee ownership PowerPoint,
FAQ sheet and more. The
"Treasury/Stock" page on the
Davey Portal, accessible online
through SharePoint, has enrollment
documents available for download
and other materials.
There also is a page on our
website, Davey.com/shareholders,
that houses shareholder meeting
information, proxy materials,
annual reports and more.
You can also email the
corporate treasury team at
Treasury@davey.com with questions
about employee ownership.
Q. What is the Employee Stock
Purchase Program (ESPP)
and how does it work?
A. The ESPP offers employees the
ability to purchase Davey stock at a
15 percent discount off the current,
fair market value.
The ESPP works through after-tax
automatic payroll deduction and is
our most popular stock purchase
program. You are eligible to sign up
at any point after 1 year of service,
and there are two open enrollment
periods per year starting January 1
and June 1 when changes can be
made to your ESPP withholdings.
This year we sent out a survey
through DaveyConnect asking
employees to answer a few questions
about employee ownership at Davey.
We appreciate the participation and
feedback we received from all the
survey respondents. Know that we're
looking at these survey results and
we are taking your responses seriously.
We're working to address areas
where you expressed concerns and
to improve communication
on employee ownership.
Your input is very
important and
valued. Our
goal is to make
improvements based
on your comments and
suggestions. That is the essence
of an employee-owned company.
Here are answers
to a few select questions you
submitted through the survey
in February.
Q. Will there ever be an online
portal to access our shareholder
information?
A. Yes. We are currently developing an
online shareholder portal that will
allow shareholders to view basic
information, such as total common
stock shares owned. Our goal is to
start beta testing the shareholder
portal this summer with a target
rollout in the second half of 2021.
Q. What happens to my stock if
I leave the company?
A. You retain ownership of your
shares and may choose to sell your
shares back to Davey when they
are eligible for redemption.
Improving communication about
employee ownership programs here
at Davey remains a priority. This
Bulletin issue includes coverage of
this year's Davey Annual Shareholders'
Meeting on pages 24-25, and
DaveyConnect remains an easily
accessible source of information about
employee ownership programs.
If you have further questions, don't
hesitate to reach out to the Treasury
team for additional information on
employee ownership at Davey.
Pat Covey
Davey Chairman, President and CEO
