So did you hear the rumor? Maybe you got the information first hand, or read it in an email or saw it posted online somewhere. Certainly, as avid followers of this blog, you would recall me hinting about the possibility last September right here in this space. Right? That’s right – DISTek now has a new majority owner!
When last I wrote in this space, way back in February, I told of how I was starting to begin to really feel like an owner of the company. It had been over 3 years since DISTek founder, Matt Dickinson, decided to share a part of his company with his employees by forming an ESOP – an Employee Stock Ownership Plan. Yet none of us were handed a new job description with the title “owner,” but that’s what we are now – employee owners. And as each year passes, more information and knowledge about this whole ownership thing comes before us.
Just recently I was awarded a Certificate of Appreciation for ten years of excellent service and valuable contributions to DISTek Integration. Needless to say, I'm quite thankful and happy to have been involved with DISTek for the past ten years. Wow! I’ve been employed here for ten years? It sure doesn’t feel like ten years. Maybe that’s partly because since December of 2014, I, like many others at DISTek, became employee owners, after DISTek founder Matt Dickinson decided to share a part of his company with his employees by forming an ESOP – an Employee Stock Ownership Plan. That's right, DISTek is employee owned.
Please join many of our fellow DISTek employee-owners on Tuesday, October 10th, 2017 from noon until 4pm as we host an American Red Cross Blood Drive. We're located in the Cedar Falls Technology Park at 6612 Chancellor Drive, Cedar Falls, Iowa.
When DISTek began its 25th year in business back in March, we knew we wanted to celebrate this rather significant milestone, maybe have a party, take in a ball game, go out to dinner, or have a family picnic. 25 years ago, any of these ideas would have been possible with not much more effort than calling the wife, locking up the office, and heading uptown. Ah, the simpler times of yesteryear!
Early last year, I wrote in this space about my new title – “employee owner,” after DISTek founder Matt Dickinson decided to share a part of his company with his employees by forming an ESOP – an Employee Stock Ownership Plan.
I noted back then that my immediate responsibilities wouldn’t change, and from the standpoint of my day-to-day tasks, they really haven’t.
There is a long standing tradition of giving back at DISTek, not only during the holiday season, but throughout the year. And even though DISTek has been conducting a weekly Casual for a Cause event for many years, where employees can dress casually on Friday’s with just a small contribution to a chosen cause, this year we made a small improvement that has had a big impact. Our employee-owners can recommend a particular cause and, if chosen, that cause receives the donations for the entire month. Not only does this provide a larger monetary donation to the worthy cause, but creates broader exposure for the cause as we internally promote it for the entire month. As an added bonus, this year we were able to secure some matching funds from the DISTek budget, further increasing the monetary donation each month and expanding on one of our core values - community.