Let’s simply put this in modern terms the young folks can understand: Employee ownership FTW. We’ve seen lots of craft breweries selling to multinational beverage giants (and we suppose that’s cool), but we’re seeing just as many craft brewing companies handing over ownership to the hard-working employees that made the brand a success in the first place (which is way cooler). The next on that list is Evans Brewing Co., which has approved a stock option plan to pave the way for stock to be granted to employees who contribute to the growth of the company.
Two million shares of common stock have been authorized and reserved pursuant to the plan.
“The approval of the 2015 Stock Option Plan is an important step in Evans Brewing Co.’s commitment to making employees part owners of the company,” said President Mike Rapport. “Our employees are extremely important to our success, and we strongly believe that they should be rewarded for their efforts. Stock ownership will allow employees who play key roles in the growth of Evans Brewing Company to have a longer-term stake in the company and to be literally invested in our future success.”
Wait? Is it just for employees or can the guys at CBB invest too? Luckily, Evans Brewing plans to have its stock listed and traded on the U.S. stock market, so craft beer fans and the general public can join existing stockholders and employees in owning a piece of an award-winning craft brand well positioned for growth.