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Littleton Coin Co. Becomes an Employee-Owned Company

January 5, 2017 in Coins, Collecting, Education, History, News, Numismatica, Numismatics, Press Releases, USA Coins, World Coins

By:  News.CoinUpdate.com (Coin Update News)

(Littleton, New Hampshire)—Littleton Coin Company, one of America’s largest coin and currency dealers, today announced the formation of an Employee Stock Ownership Plan (ESOP). Owner David Sundman and his family have sold all of their stock in the company to the ESOP, making Littleton Coin a 100% employee-owned company effective January 1, 2017. Mr. Sundman will continue in his current role as President of the Company.

What is an ESOP?

An ESOP is a type of employee benefit plan most commonly used to transfer ownership of successful, privately owned companies as the owners approach retirement age. This supports job security for the… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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