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Hypertherm Transitions to a 100 Percent Employee-owned Company

2014-01-14 06:00:00| Industrial Newsroom - All News for Today

HANOVER, NH &ndash; Hypertherm, a U.S. based manufacturer of plasma, laser, and waterjet cutting systems, today announced the transfer of all its common stock into an Employee Stock Ownership Plan (ESOP), making the company 100 percent employee owned under an S-Corporation structure.<br /> <br /> Previously, Hypertherm&rsquo;s ESOP, known internally as the Hypertherm Stock Ownership Plan or HSOP, held approximately one-third of the company&rsquo;s stock. Controlling shareholders Dick and ...

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