News and Events
Rep. Virginia Foxx Meets With Salem Distributing
Last week, ESCA member company Salem Distributing Company, Inc. met with Congresswoman Virginia Foxx (R-NC-5) in her district office. Because Congresswoman Foxx chairs the Committee on Education and the Workforce, which has jurisdiction over Department of Labor issues, Salem Distributing CEO Mike Willard and Controller Gale Marett focused their discussion on the Department of Labor's approach to ESOPs. Our goal for this meeting was to encourage Congresswoman Foxx to convey her support for ESOPs and concerns about aggressive enforcement efforts to Secretary Alexander Acosta. We appreciate her willingness to speak with Secretary Acosta on behalf of ESCA member companies and look forward to continuing to work with her on DOL and other issues in the future.
Salem Distributing Company is a 100% employee-owned international company with a support staff of 50 employee owners in the Winston-Salem, North Carolina corporate headquarters. In addition, sales representatives and support staff are strategically located throughout the United States and Canada with warehouses maintained in Winston-Salem, NC, Los Angeles, CA and Toronto, Canada. The company works in four distinct industries: glass, stone, precision electro-optical and ophthalmic.
We thank Salem Distrubuting for meeting with Congresswoman Virginia Foxx! If your company needs assistance in planning or hosting a district event, please contact Matt Pearce (firstname.lastname@example.org). If you company has a visit planned, please be sure to email Matt following the visit with a brief update and a few pictures.
Congresswoman Virginia Foxx, Salem Distributing CEO Mike Willard and Salem Distributing Controller Gale Marett.
SALEM Awards Territory
Salem Distributing Company, Inc. is pleased to announce the appointment of Mr. Serban Cornicioiu to additional territories in the Northeast US. Specifically, Serban will add Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont to his existing territories of New Jersey, New York and Pennsylvania.
In his expanded position as Regional Account Manager, Serban will be responsible for maintaining existing customer relationships and developing new prospects and additional flat glass and stone fabrication supply and machine sales. His territory, now covering the entire Northeast region for SALEM Flat Glass & Mirror and SALEM Stone, will continue to be serviced through our east coast corporate office located in Winston-Salem, NC.
Serban brings numerous years of knowledge and successful sales experience in tooling, supplies, service, and machinery for both the stone and glass industries. We commend Serban’s proven track record for success and are confident in his ability to develop his new territory and deliver formulas for success to his customers. Being based out of New York, NY, Serban’s territory knowledge, drive to succeed, and persistence will serve him and the company very well in this expanded sales role.
About Salem Distributing- Salem Distributing Company, Inc. is a 100% Employee Owned International Company with a support staff of over 50 employee owners in the corporate offices in Winston Salem, NC. In addition, sales staff is strategically located throughout the United States and Canada and warehouses are maintained in Winston Salem, NC; Los Angeles, CA; and Toronto, CA.
Salem Distributing Company successfully provides equipment, supplies, industry experience service and support for four distinct industries as SALEM Flat Glass & Mirror, SALEM Stone, SALEM Vision and SALEM Advanced Surfaces. With Salem, it is not just about machinery and supplies. It is also about providing Knowledge, Service, and Value to our customers. Your success is our success and we deliver that every day.
News - Virginia Foxx Visits Salem
May 9, 2016 - On her way back to D.C., Congresswoman Virginia Foxx visited with SALEM Distributing Company, Inc. of Winston-Salem, NC. Salem, joined by fellow employee owned company, Computer Credit, Inc. -also of Winston-Salem, discussed the beneficial impact of Employee Stock Ownership Plans (ESOP) on employees, communities and government.
There is overwhelming evidence that ESOP companies are more productive, profitable and more sustainable. During economic downturn, ESOP companies were four times more likely to retain jobs and during the Great Recession the Federal government recognized substantial savings when compared to foregone tax payments by laid off employees of conventionally owned companies. For every $1 in tax expenditures to promote employee stock ownership, the Federal government collected $13 in taxes! Also, more than half of ESOP companies have two retirements plans and average account balances for these employees are much higher than data reported for average 401(k) accounts.
Asked to consider support for H.R 2096 -Promotion and Expansion of Private Employee Ownership Act of 2015, Congresswoman Foxx shared her enthusiasm to support employee owned companies and revealed a few statistics from her ESOP research as well. She encouraged everyone to stay involved and contact her for a visit to her office in D.C.!
SALEM was awarded the 2016 Company of the Year by the Carolinas Chapter of the ESOP Association for commitment and pride in promoting our ESOP.