An employee-
owned company.

In 2024, LamTech transitioned to an ESOP (Employee Stock Ownership Plan), becoming 100% employee-owned. This marked an important step in the company’s evolution. Employee ownership reinforces a culture where accountability, quality, teamwork, and continuous improvement are directly connected to long-term shared success.

Ownership in practice

At LamTech, ownership shows up in how teams collaborate, solve problems, improve operations, manage resources, and stay focused on customer success.

Laminate Technologies has proudly been 100% employee-owned since 2024.

Employee ownership gives every team member the opportunity to grow financially as LamTech grows. Each year, shares of company stock are contributed to our ESOP, allowing employee-owners to build long-term value. As our company performs better, those shares can increase in value, connecting individual effort with collective success.

FAQs

An ESOP (Employee Stock Ownership Plan) is a retirement plan that gives employees ownership in the company. Instead of buying stock, employees earn shares over time through company contributions, at no cost to them.

Each year, LamTech contributes shares to employee accounts. As the company grows and performs well, those shares can increase in value, building long-term financial benefits for every employee-owner.

You automatically become part of the ESOP after completing the required period of service, being at least 21 years old, and working at least 1,000 hours in a year.

There’s no action required and no cost to participate.

Vesting determines what percentage of your ESOP account is fully yours. At LamTech, you become 100% vested after six years of service. Once vested, your shares can’t be taken back, even if you leave the company.

When employment ends, your ESOP account is converted to cash based on the value of LamTech stock. Payment timing depends on your vesting and the reason for leaving, such as retirement or other circumstances.

Employee ownership links everyone’s financial success to the company’s performance. When we collaborate, innovate, and deliver strong results, it benefits not only the business but every employee-owner directly.

All Laminate Technologies employees become eligible to participate in the ESOP after meeting the service requirements. The best way to get started is by joining our team — visit our Careers page.

Work with a team that has a stake in your success.