Important Company Update: Transitioning from LLC to Corporation in Preparation for ESOP Ownership

We are excited to share an important development in our company's evolution. After careful consideration and planning, we have made the strategic decision to change our legal structure from a Limited Liability Company (LLC) to a Corporation. This change is a critical step as we prepare to transition into an Employee Stock Ownership Plan (ESOP)-owned corporation.

Why This Change?

The decision to transition from an LLC to a corporation aligns with our long-term vision to empower our employees and drive sustainable growth. An ESOP allows employees to become stakeholders in the company, sharing in the success they help to build. However, ESOPs require the company to be structured as a corporation that can issue stock.

By becoming a corporation, we can:

- Issue stock to employees as part of the ESOP.

- Enhance our governance structure to support broader ownership.

- Improve access to capital markets if needed in the future.

- Foster a culture of ownership and engagement among our team.

What Does This Mean for Our Employees and Partners?

For our employees, this transition strengthens their role in the company’s future. Under the ESOP, they will gain ownership interests, aligning their incentives with the company’s performance and long-term success.

For our partners and clients, this means we are building a company with a strong foundation, focused on stability, growth, and shared prosperity. Our commitment to quality and service remains steadfast through this transition.

Next Steps

We are actively working with legal and financial advisors to ensure a smooth and compliant transition. This process involves:

- Filing the necessary documentation to form a corporation.

- Establishing the ESOP trust and framework.

- Communicating regularly with employees throughout the transition.

- Maintaining business operations without interruption.

We are dedicated to transparency and will provide updates as we move forward.

A Shared Future

This change reflects our belief in the power of shared ownership to drive innovation, dedication, and excellence. We look forward to this new chapter and the opportunities it will bring for all members of our company family.

Thank you for your continued support as we embark on this exciting journey.

If you have any questions or would like more information about the transition, please contact our management team.