What’s your favorite holiday? If you ask anyone at Gibson you likely won’t hear the standard responses of Christmas, Halloween, or their birthday. Instead they’ll say Statement Day.
So what is Statement Day?
As an ESOP, our employees are all owners in the organization. They all have the opportunity to earn additional funds for their retirement based on the financial performance of our company. Statement Day is the annual event where we announce the company’s most recent stock valuation, and explain to employees what this means for their retirement. They receive a statement showing their new retirement account balance.