2018 ESOP STOCK PRICE ANNOUNCED
BIG G’S 10TH ANNUAL ESOP MEETING AT THE NASHVILLE ZOO Wow! I can’t think of another word that properly describes how I feel about our 10th annual ESOP meeting on July 13 at the Nashville Zoo! I’ll say it again … WOW!
Much of the improvement in our value was driven by a strong pricing environment in 2018. In fact, we grew our linehaul revenue 12% despite the growth in the number of units generating revenue increasing only marginally. Needless to say, this trend is likely not sustainable with the uncertainties of the economy in the next 12–18 months. However, revenue growth is vital to our stock price, so it is likely that any growth in revenue over that period going forward will stem from internal growth or acquisition of another company rather than pricing increases. We also announced that we are preparing to finalize plans for a new driver service facility at 840. This new facility will allow us to better take care of our professional drivers and will allow us to provide better facilities for maintenance and operations personnel who work out of that location. There were several other great moments I won’t list, but if you’d like to see a video of the meeting and get a view of the great crowd we had, go to Facebook or YouTube. (Youtu.be/-4OgV_TN27s) One final note: On Saturday, Aug. 17, we will have a family gathering at the Tennessee Smokies baseball game, and we hope to see as many of you there as possible. Watch for details on how to sign up to attend! Thank you for all you do to make the Big G family of companies great! –Randy Vernon, President
Any time we can get a few folks together to talk about all the great things going on at the Big G family of companies is impressive enough, but to have over 400 at one time, well, that is just incredible! The highlight of the meeting was naturally the announcement of our 2018 stock price, which came in at $49.40 per share. That is a $4.64 per share increase. When you take into account the additional shares granted to employee-owner accounts, the average ESOP account value went up significantly! This is pretty impressive considering all that is required to benefit from the ESOP is a little hard work and loyalty!
Made with FlippingBook - professional solution for displaying marketing and sales documents online