Davey Tree Flipbooks

W ith employee owners, Davey feels more like a big family. And I work harder for my family." Tracy Layne (pictured left) worked for several other companies before working for Davey. But he never before had the opportunity to become an employee owner. "I've realized the longer you work here, the more you learn about company stock," Layne explains. "I never knew much about stock, let alone purchasing stock, but as I'm starting to think ahead to retirement, I think it's awesome. It's a great opportunity." As a foreman at Davey's Northeast Cleveland R/C office, Layne purchases stock because he believes in the company. "I'm proud to talk about Davey and its employee- ownership status," he says. "Owning stock helps me feel better about the job I do, but it also provides reassurance to clients about the services they receive." According to Davey Mechanic and employee owner Glenn Reedy, clients do appreciate learning more about Davey's culture and employee ownership. "When you're getting a piece of the company, you respect other employ- ees and the equipment and tools you use to do your job," Reedy explains. "You take pride in what you're doing, which is great for the future of the business; you're part of the bigger picture." Reedy has enjoyed taking advantage of the opportunity to purchase Special: Employee Ownership 101 '' SO, YOU WANT TO BECOME AN EMPLOYEE OWNER, TOO? Well, you have some options. Here are a few: OPTION NO. 1: EMPLOYEE STOCK PURCHASE PLAN Who can participate? All full-time employees with at least one year of service are eligible. What are the requirements? Employees must use payroll deductions to purchase shares, which are discounted 15 percent. These funds from payroll deductions accumulate with inter- est and are converted to Davey stock twice a year. A completed payroll deduction authoriza- tion form is required, and open enrollment is twice a year. OPTION NO. 2: 401KSOP Who can participate? Most non-union employees may participate, including those at least 21 years old who have worked at Davey for at least one year. What are the requirements? Under Davey's auto-enroll policy, employees are automatically enrolled at a 1 percent contribution after one year of service. Employees may choose to opt out or change their contribution at that time as well. The Company 401KSOP match is made in Davey stock. OPTION NO. 3: DIRECT STOCK PURCHASE Who can participate? Full-time employees may purchase shares directly after 90 days of service. What are the requirements? Employees may return a check payable to Davey for the amount of shares they wish to purchase (at no discount). company stock throughout his 18-year Davey career. And now, among his many fellow employee owners at Davey's East Cleveland R/C office, the feeling is mutual. As he says, "How could you go wrong?" It's MyDavey. Whether you're new to or unfamiliar with Davey's employee ownership culture and opportunities, or you're a veteran interested in stories from other employee owners, consider the MyDavey Bulletin as your resource for the information you need. If you have questions about the Employee Ownership 101 feature or an employee ownership story to share, contact us at bulletin@davey.com. 28 | May/June 2014 A Business to Call Our Own Davey is proud of its employee ownership culture. Here's why you should be, too.

• Cover