nceo home | nceo - is an esop right for you? company...1983 1985 1988 1998 2003 2005 pmi receives...

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An ESOP Company Perspective Is an ESOP Right for You?

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Page 1: NCEO Home | NCEO - Is an ESOP Right for You? Company...1983 1985 1988 1998 2003 2005 PMI receives national accreditation from ABHES and receives Title IV approval Richard Luebke, Sr

An ESOP Company Perspective

Is an ESOP Right for You?

Page 2: NCEO Home | NCEO - Is an ESOP Right for You? Company...1983 1985 1988 1998 2003 2005 PMI receives national accreditation from ABHES and receives Title IV approval Richard Luebke, Sr

Our Founders:

Dick and JoAnn Luebke

Page 3: NCEO Home | NCEO - Is an ESOP Right for You? Company...1983 1985 1988 1998 2003 2005 PMI receives national accreditation from ABHES and receives Title IV approval Richard Luebke, Sr

Founded in Tucson in 1972

It all began with four students, one instructor

and one classroom

Page 4: NCEO Home | NCEO - Is an ESOP Right for You? Company...1983 1985 1988 1998 2003 2005 PMI receives national accreditation from ABHES and receives Title IV approval Richard Luebke, Sr

Pima Medical Institute is a

private, post secondary

school…family and employee

owned

“Our mission is to improve the

quality of people’s lives by

providing the best value in

medical career education.”

Page 5: NCEO Home | NCEO - Is an ESOP Right for You? Company...1983 1985 1988 1998 2003 2005 PMI receives national accreditation from ABHES and receives Title IV approval Richard Luebke, Sr

Our wide range of Certificate

Programs include:

Dental Assistant

Pharmacy Technician

Phlebotomy Assistant

Medical Administrative Assistant Veterinary Assistant Medical Assistant

Page 6: NCEO Home | NCEO - Is an ESOP Right for You? Company...1983 1985 1988 1998 2003 2005 PMI receives national accreditation from ABHES and receives Title IV approval Richard Luebke, Sr

Our wide range of Degree

Programs include:

Veterinary Technician

Radiography Respiratory Therapy

Nursing Physical Therapist Assistant

Page 7: NCEO Home | NCEO - Is an ESOP Right for You? Company...1983 1985 1988 1998 2003 2005 PMI receives national accreditation from ABHES and receives Title IV approval Richard Luebke, Sr

Our focus is …. STUDENTS!

Page 8: NCEO Home | NCEO - Is an ESOP Right for You? Company...1983 1985 1988 1998 2003 2005 PMI receives national accreditation from ABHES and receives Title IV approval Richard Luebke, Sr

COMPANY HISTORY

1972

1982 1984 1986 1989 2002 2004

1983 1985 1988 1998 2003 2005

PMI receives

national

accreditation

from ABHES and

receives Title IV

approval

Richard Luebke,

Sr. founds PMI

with the opening

of the Tucson

campus

Richard Luebke Jr.

joins PMI

Mark Luebke

joins PMI

Albuquerque

campus opened

Mesa

Campus opened

Denver

campus

opened

Seattle

campus opened

Chula Vista

campus opened

Colorado Springs

campus opened

ESOP

established

Las Vegas

campus opened

Renton campus

opened

Albuquerque

West campus

opened

2008 2010

2006 2009

East Valley

campus opened

Houston campus

opened through

partnership with

Memorial

Hermann

Hospital

Aurora campus

opened

Online

platform

launched

Dillon campus

opened

2015

2017

San Marcos

campus opened

2014

El Paso and Phoenix

Campuses opened

San Antonio

campus

opened

2019

Page 9: NCEO Home | NCEO - Is an ESOP Right for You? Company...1983 1985 1988 1998 2003 2005 PMI receives national accreditation from ABHES and receives Title IV approval Richard Luebke, Sr

ESOP in 2002

After 30 years, our Founders were ready to start the

next chapter of life

Sold 30% of their shares to create an ESOP

Short-term five year loan of $3.5-MM

Several transactions since 2002

2015 transaction / over 50%

ESOP is now at 61% - family trust has 39%

Biggest challenge: governed by the Department of

Education

Composite score: three (3) financial ratios

Page 10: NCEO Home | NCEO - Is an ESOP Right for You? Company...1983 1985 1988 1998 2003 2005 PMI receives national accreditation from ABHES and receives Title IV approval Richard Luebke, Sr

ESOP SHARE PRICE

GROWTH

Page 11: NCEO Home | NCEO - Is an ESOP Right for You? Company...1983 1985 1988 1998 2003 2005 PMI receives national accreditation from ABHES and receives Title IV approval Richard Luebke, Sr

ESOP COMMUNICATION

ESOP Champions at every campus and corporate

offices

El ESOP Tour – CEO/VP visit every location

ESOP Summit – gathering of all ESOP Champions

Page 12: NCEO Home | NCEO - Is an ESOP Right for You? Company...1983 1985 1988 1998 2003 2005 PMI receives national accreditation from ABHES and receives Title IV approval Richard Luebke, Sr

ESOP COMMUNICATION

ESOP Newsletters

Stories; informative industry articles

ESOPtober – theme from El Tour

Tchotchkes and trinkets

Building/Growing an Employee Ownership Culture

OBM and Financial Literacy

Page 13: NCEO Home | NCEO - Is an ESOP Right for You? Company...1983 1985 1988 1998 2003 2005 PMI receives national accreditation from ABHES and receives Title IV approval Richard Luebke, Sr

OUR ESOP PARTNERS

THIRD PARTY ADMINISTRATOR

APPRAISER

TRUSTEE

INVESTMENT MANAGERS FOR THE ESOP TRUST

ESOP ECONOMICS

CERTIFIED EO

CONFERENCES / SEMINARS

LOCAL NETWORK / ESOP COMMUNITY

Page 14: NCEO Home | NCEO - Is an ESOP Right for You? Company...1983 1985 1988 1998 2003 2005 PMI receives national accreditation from ABHES and receives Title IV approval Richard Luebke, Sr

FRONT

RECEPTION

and

ADMISSIONS

FINANCIAL

AIDREGISTRAR

FACULTY

FACULTY

COORDINATOR

and

PROGRAM

DIRECTOR

STUDENT

SERVICES

CAREER

SERVICES

CORP/CAMPUS

DIRECTORSC.E.O.

Page 15: NCEO Home | NCEO - Is an ESOP Right for You? Company...1983 1985 1988 1998 2003 2005 PMI receives national accreditation from ABHES and receives Title IV approval Richard Luebke, Sr

GRADUATES & ALUMNI

SUCCESS STORIES

Page 16: NCEO Home | NCEO - Is an ESOP Right for You? Company...1983 1985 1988 1998 2003 2005 PMI receives national accreditation from ABHES and receives Title IV approval Richard Luebke, Sr

Q & A

Page 17: NCEO Home | NCEO - Is an ESOP Right for You? Company...1983 1985 1988 1998 2003 2005 PMI receives national accreditation from ABHES and receives Title IV approval Richard Luebke, Sr

Liby Lentz

Vice President

Human Resources Director

Pima Medical Institute

[email protected]

Mariah Soland

Human Resources Coordinator

Pima Medical Institute

[email protected]