Kurt Wilson News

SeaDek Marine Products, a producer of marine non-skid products, has become an employee-owned company. The company’s principal owners Kurt Wilson, Jim Wilson, Jason Gardner and Chuck Yates have extended ownership to more than 70 full-time staff members through the implementation of an Employee Stock Ownership Plan (ESOP). In addition to helping create financial security for employees, the plan is designed to encourage and reward increased employee productivity and efficiency. According to the Menke Group, who assisted with the ESOP implementation, a five or 10 percent increase in individual employee productivity can result in increasing company profitability by 50 percent or more.