Ogden, Utah, February 2010 – Setpoint Systems, Inc., an open book company, has recently offered their employees the option of purchasing additional stock in the company. This stock purchase was made possible by Joe Cornwell, a co-founder, selling a significant portion of his shares.
“With this stock purchase we now have over 50% of our employees who have purchased stock and are now owners in Setpoint. It’s great to have many of our employees involved as owners, it really ties into our open book philosophy. While co-founder Joe Cornwell sold a portion of his shares he is still a significant owner and a big part of Setpoint Systems” says Joe Knight, the CFO at Setpoint.
Brad Angus, CEO said “This is an opportunity for employees to take ownership in every facet of the company rather than focusing on just their area of expertise. The employees like having an investment with growth potential that they can directly affect.”
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 Toyota Production System methodology and have direct experience with some of the most discerning manufacturers practicing lean manufacturing principles today.
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Setpoint Systems, Inc.