The employee-owners of SRC have a lot to celebrate this year. Not only does 2023 mark the company’s 40^th anniversary, but the ten businesses that comprise SRC Holdings continue to set records with their performance despite the challenges of high inflation, soaring interest rates, and continued supply chain challenges.

SRC’s remarkable success was driven home on the evening of June 15, 2023, when many of the company’s 2,000 associates gathered to learn the latest stock price of their business. Unlike companies traded on public exchanges, SRC is 100% owned by an employee stock ownership plan, or ESOP, which is a retirement benefit for participants.

Every year, companies with an ESOP are required to contract with a third-party to update the value of their business. The SRC associates, many with family members in tow, gathered to hear the results of that valuation, which drives the stock price of the shares in the ESOP held by the associates.

Jack Stack, the president and CEO of SRC Holdings, stood at a podium to deliver the big news: the company’s value leapt by 20% over the past year.

The crowd gasped, and then went wild with applause.

“You have built an outrageously successful company over the past 40 years,” Stack told the audience. “And you have positioned yourself for one heckuva run for the future.”

In other words, for the employee-owners at SRC, the best is yet to come.

Read the full story on SRC's website.