SRS Announces $250 Million Distribution to Employees
SRS Distribution Inc. (“SRS”), a leader in the building products distribution industry, announced that two-thirds of its employees will share a distribution of over $250 million as part of its company equity programs. Dan Tinker, President & CEO, recently announced the exciting news to employees, recognizing them for their continued hard work, dedication and commitment to achieving the goals of SRS.
-Two-thirds, or over 4,300 employees, will participate in the distribution
-Distribution is part of Company’s goal to provide broad-based equity incentives and ownership opportunities for employees
“We are committed to changing our employees’ lives for the better,” said Mr. Tinker. “Throughout our history, we have focused on providing unique and substantial benefits to our employees, including broad equity participation that drives engagement and loyalty. We are excited to announce this distribution of over $250 million to more than 4,300 truly deserving SRS employees for all that they do to drive value for our customers and that we believe is unprecedented in our industry’s history.”
Since its inception, SRS has been committed to broad-based equity incentives and ownership by its employees as highlighted by the ability for all employees to invest directly in the equity of SRS. SRS also grants stock options to many of its employees, including its branch managers, and recently expanded its equity incentive programs by creating the Equity Growth Incentive Plan. This unique equity incentive plan provides front-line employees, not already part of the company’s stock option program, such as drivers, loaders and inside sales, with the opportunity to participate in the growth of SRS’s equity value. SRS has grown its employee base by approximately 50% over the past three years.
About SRS Distribution
Founded in 2008 and headquartered in McKinney, TX, SRS has grown to become one of the largest and fastest growing building products distributors in the United States. Since our inception, we have established a differentiated growth strategy and entrepreneurial culture that is focused on serving our customers, partnering with our suppliers, and attracting the industry’s best talent. We currently operate under a family of distinct local brands encompassing more than 450 locations across 45 states. For more information visit www.srsdistribution.com.
Source: SRS Distribution, Inc.