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Official SeaDek Press Release:
Rockledge, FL (September 9, 2015) – SeaDek Marine Products, an industry leader in innovative marine non-skid products, has announced that they have become an Employee Owned Company.
With the help of The Menke Group, the principal owners of SeaDek; Kurt Wilson, Jim Wilson, Jason Gardner and Chuck Yates, have extended ownership to over seventy 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, a 5% or 10% increase in individual employee productivity can result in increasing company profitability by 50% or more. The ESOP creates a direct link between employee productivity and employee benefits.
"In the earliest days of SeaDek it was an entrepreneurial spirit that drove us to change the way boaters connect with their boats," said Kurt Wilson, company president. "We've worked hard to foster that same spirit in our employees so they're committed to the ongoing problem-solving process that is at the core of any growing business. We let them be creative in their work and then take responsibility for it. It's worked well for us and our people take great pride in what they do. Now, we're taking idea of employee entrepreneurship to its full expression. We're giving everyone in the company an ownership stake in SeaDek. It's a very exciting time for us."
About SeaDek
SeaDek Marine Products is the leading manufacturer of a range of EVA non-skid products for marine and water-sports use. Made in the U.S.A., SeaDek is a viable alternative to carpet and molded-in nonskid products. The company's line of products are targeted to OEM boat builders, resellers and end-users, including well-known boat manufacturers such as Sea Ray Boats, Nautique Boats, Monterey Boats, Yamaha Boats and others. The company saw early success manufacturing cutting-edge surf products and nonskid traction pads, including X-Trak® Surf Traction and K-Grip®, a line of pads designed for world champion surfer Kelly Slater. The company later expanded its product offerings to the marine industry thanks to their innovations in marine-grade EVA decking materials.
In 2014, SeaDek moved from its original 17,000 square foot building into their current 72,000 square foot facility. An economic recovery in the marine industry has helped them create steady growth, bringing jobs and opportunities to the communities along Florida's Space Coast.
Rockledge, FL (September 9, 2015) – SeaDek Marine Products, an industry leader in innovative marine non-skid products, has announced that they have become an Employee Owned Company.With the help of The Menke Group, the principal owners of SeaDek; Kurt Wilson, Jim Wilson, Jason Gardner and Chuck Yates, have extended ownership to over seventy 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, a 5% or 10% increase in individual employee productivity can result in increasing company profitability by 50% or more. The ESOP creates a direct link between employee productivity and employee benefits.
"In the earliest days of SeaDek it was an entrepreneurial spirit that drove us to change the way boaters connect with their boats," said Kurt Wilson, company president. "We've worked hard to foster that same spirit in our employees so they're committed to the ongoing problem-solving process that is at the core of any growing business. We let them be creative in their work and then take responsibility for it. It's worked well for us and our people take great pride in what they do. Now, we're taking idea of employee entrepreneurship to its full expression. We're giving everyone in the company an ownership stake in SeaDek. It's a very exciting time for us."
About SeaDek
SeaDek Marine Products is the leading manufacturer of a range of EVA non-skid products for marine and water-sports use. Made in the U.S.A., SeaDek is a viable alternative to carpet and molded-in nonskid products. The company's line of products are targeted to OEM boat builders, resellers and end-users, including well-known boat manufacturers such as Sea Ray Boats, Nautique Boats, Monterey Boats, Yamaha Boats and others. The company saw early success manufacturing cutting-edge surf products and nonskid traction pads, including X-Trak® Surf Traction and K-Grip®, a line of pads designed for world champion surfer Kelly Slater. The company later expanded its product offerings to the marine industry thanks to their innovations in marine-grade EVA decking materials.
In 2014, SeaDek moved from its original 17,000 square foot building into their current 72,000 square foot facility. An economic recovery in the marine industry has helped them create steady growth, bringing jobs and opportunities to the communities along Florida's Space Coast.
