Related Professionals
READING, PA, November 9, 2017 – Stevens & Lee/Griffin’s Edward C. Renenger spoke at the 2017 Multi-State ESOP Conference hosted by the Pennsylvania/Delaware and New York/New Jersey Chapters of the ESOP Association in Scranton, PA, on September 14, 2017.
Mr. Renenger co-presented an advanced-level technical session, “Anatomy of a Live ESOP Transaction.” The presentation covered many of the key legal and financial issues that are negotiated during an ESOP transaction.
Mr. Renenger, Co-Chair of the ERISA, Employee Benefits and Executive Compensation Department at Stevens & Lee, concentrates his practice in helping companies navigate the complexities of employee stock ownership plans (ESOPs). In this capacity, Mr. Renenger advises business owners on how to sell their companies to employees through an ESOP. This process typically involves working with the company to first determine the feasibility and impact of creating an ESOP, consulting on whether the ESOP accomplishes the goals of the relevant stakeholders, designing the appropriate structure to accomplish those goals, implementing the transaction and then assisting the company with the ongoing administration and compliance of the ESOP.
Mr. Renenger also advises on other ESOP-related transactions, including situations where ESOP-owned companies sell to outside buyers when they have determined that exiting the ESOP structure is appropriate for shareholders. He works with the entire range of ESOP-owned companies, including S Corporations, C Corporations, private companies, publicly traded companies, companies that are wholly owned by the ESOP trust and companies in which the ESOP is a minority owner. Mr. Renenger also counsels ESOP trustees on their fiduciary obligations under ERISA in ESOP-related transactions and when unique situations arise in an already established ESOP.
He holds a J.D., magna cum laude, from Georgetown University Law Center and a B.A., summa cum laude, from The Catholic University of America.
