Setpoint Employees Offered Stock Purchase

Ogden, Utah, May 2009 – Setpoint Systems, Inc., an open book company, has taken the open book philosophy to the next step.  Setpoint has recently offered a significant stake in the company to all of its employees in a stock purchase made possible by Joe VanDenBerghe, a co-founder, selling his shares.

“We have always believed in open book management, it creates employees who have a psychic ownership in the company.  Even though our employees didn’t own stock they acted like they did because they understood the numbers” says Joe Knight, the CFO at Setpoint.  “Now with the stock purchase we have changed this psychic ownership into actual ownership for several employees in the company.”

Brad Angus, CEO said “This is a natural next step in our open book philosophy to have more employees become owners in the business. It better positions Setpoint for growth in the years to come. Amazing things happen when everyone in the organization is rowing in the same direction with the same goals.”

 

About Setpoint:

Setpoint provides lean automation engineering services specializing in the design, build, and controls programming of turn-key custom automated solutions. Setpoint has more than 17 years of experience designing and building lean automated solutions for a wide range of manufacturers. All of Setpoint’s employees have been trained in the TPS methodology and have direct experience with some of the most discerning manufacturers practicing lean manufacturing principles today.

 

For more information please contact:

Kara Smith
Setpoint Systems, Inc.
Phone 801-621-4117

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