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ATI Establishes an Employee Stock Ownership Plan (ESOP)
Becomes an Employee-Owned Company
Apex, NC,
June 28, 2012
ATI Industrial Automation has established an Employee Stock Ownership Plan (ESOP). An Employee Stock Ownership Plan is a federally-qualified employee benefit plan which makes employees owners in the company. Employee-owners will benefit from the growth of the company that occurs by providing superior products and outstanding customer service.
ATI was created in 1989 out of a small office in Garner, NC, by three engineers and current ATI
employees, Keith Morris, CEO; Robert Little, COO; and Dwayne Perry, Chief Sensor
Technologist. Their mission: to produce the best robotic productivity tools
available. Over the last 23 years, ATI has grown from a handful of employees to
over 170, with their corporate and manufacturing headquarters in Apex, NC and
offices in Michigan, China, and Brazil.
Since 1998, ATI has increased its
revenue tenfold and has become the leading supplier of Robotic Tool Changers and Multi-Axis Force/Torque Sensors. ATI continues to engineer the most reliable and accurate robotic end-effectors available. "Our employees have an extreme focus on customer satisfaction, engineering, and quality. The Employee Stock Ownership Plan will increase that focus further by empowering employees with a share in the company's success and benefiting directly from the company's profitability." said Keith Morris, CEO, ATI Industrial Automation.
ATI's Robert Little, COO, states, "Our employees have already been acting as owners by demonstrating exceptional dedication, detail, and diligence in performing the day-to-day responsibilities of their jobs. Now they are owners."
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