{"id":4524,"date":"2016-09-20T13:09:42","date_gmt":"2016-09-20T17:09:42","guid":{"rendered":"http:\/\/randpc.com\/blog\/?p=4524"},"modified":"2021-01-21T12:35:25","modified_gmt":"2021-01-21T17:35:25","slug":"rand-welcomes-new-shareholders","status":"publish","type":"post","link":"https:\/\/m.randpc.com\/blog\/rand-welcomes-new-shareholders\/","title":{"rendered":"RAND Welcomes New Shareholders"},"content":{"rendered":"<div id=\"attachment_4525\" style=\"width: 495px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-4525\" class=\"wp-image-4525 size-large\" src=\"https:\/\/randpc.com\/blog\/wp-content\/uploads\/DSC02941s-485x323.jpg\" alt=\"RAND Engineering &amp; Architecture 2016 Shareholders\" width=\"485\" height=\"323\" srcset=\"https:\/\/m.randpc.com\/blog\/wp-content\/uploads\/DSC02941s-485x323.jpg 485w, https:\/\/m.randpc.com\/blog\/wp-content\/uploads\/DSC02941s-150x100.jpg 150w, https:\/\/m.randpc.com\/blog\/wp-content\/uploads\/DSC02941s-300x199.jpg 300w, https:\/\/m.randpc.com\/blog\/wp-content\/uploads\/DSC02941s-768x511.jpg 768w, https:\/\/m.randpc.com\/blog\/wp-content\/uploads\/DSC02941s.jpg 973w\" sizes=\"auto, (max-width: 485px) 100vw, 485px\" \/><p id=\"caption-attachment-4525\" class=\"wp-caption-text\">RAND's shareholders celebrate a second year of employee ownership.<\/p><\/div>\n<p>RAND welcomed eight new shareholders and honored all current shareholders last Thursday with a gathering of employees, family, and friends at RAND's office in Chelsea.<\/p>\n<p>As a Design Professional Corporation, RAND Engineering &amp; Architecture, DPC's corporate structure allows licensed and non-licensed professional staff alike to purchase shares in the company.\u00a0A total of 37\u00a0employees are now official owners of RAND\u00a0under RAND's Equity Stock Purchase Plan, now in its second year.<\/p>\n<p>Shares in the stock purchase plan, which are privately held and are not traded on a public exchange, are funded by the company\u2019s profit sharing plan and offered for purchase to employees who have been with the company for at least three years. Employees who have been with the company for 10 years or more also have the opportunity to buy up to $15,000 in matching shares.<\/p>\n<p>\"Our profit sharing and stock purchase plans are benefits we're incredibly proud to provide,\" said RAND President Stephen Varone, AIA. \"Our employees have always been proactive and motivated, and their commitment and investment\u00a0in the firm ensures RAND's long-term stability and growth.\"<\/p>\n<p>\"Giving employees a direct stake in RAND empowers them and bonds us professionally and financially,\" said Peter Varsalona, PE, RAND's Principal &amp; Vice President. \"As we add more and more shareholders and their equity in the firm grows, we are paving the way for a strong future.\"<\/p>\n<hr \/>\n<p><em>Jennifer Wu is RAND's Marketing Associate<\/em>.<\/p>","protected":false},"excerpt":{"rendered":"<p>RAND welcomed eight new shareholders and honored all current shareholders last Thursday with a gathering of employees, family, and friends at RAND's office in Chelsea. As a Design Professional Corporation, RAND Engineering &amp; Architecture, DPC's corporate structure allows licensed and...<\/p>\n <span class=\"read-more\"><a href=\"https:\/\/m.randpc.com\/blog\/rand-welcomes-new-shareholders\/\" class=\"more-link\" title=\"Read More\"><strong>Read more<\/strong><\/a><\/span>","protected":false},"author":13,"featured_media":4525,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[293,94,309,51,431],"tags":[334,460,332,457,54,458,459,371,384,333],"class_list":["post-4524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-careers","category-company-events","category-company-news","category-employees","category-party","tag-design-professional-corporation","tag-dpc","tag-employee-benefits","tag-employee-stock-purchase-plan","tag-employees-2","tag-equity-stock-purchase-plan","tag-profit-sharing-program","tag-rand","tag-rand-engineering-architecture","tag-shareholders"],"_links":{"self":[{"href":"https:\/\/m.randpc.com\/blog\/wp-json\/wp\/v2\/posts\/4524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/m.randpc.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/m.randpc.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/m.randpc.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/m.randpc.com\/blog\/wp-json\/wp\/v2\/comments?post=4524"}],"version-history":[{"count":0,"href":"https:\/\/m.randpc.com\/blog\/wp-json\/wp\/v2\/posts\/4524\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/m.randpc.com\/blog\/wp-json\/wp\/v2\/media\/4525"}],"wp:attachment":[{"href":"https:\/\/m.randpc.com\/blog\/wp-json\/wp\/v2\/media?parent=4524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/m.randpc.com\/blog\/wp-json\/wp\/v2\/categories?post=4524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/m.randpc.com\/blog\/wp-json\/wp\/v2\/tags?post=4524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}