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We Just Became An ESOP….But What Does That Mean?

Posted on by Lindsey Burbee

We want you to join our team. Not only is it a special place to work, Melink became an Employee Stock Ownership Plan (ESOP) in 2018 and here’s what that means to you as an employee of Melink.

Melink is unique. An ESOP is a rare and valuable benefit. Melink offers this unusual opportunity for employee wealth building.

Another unique feature at Melink is that it is provided to employees with no out-of-pocket cost.  And is a qualified defined contribution retirement plan that is invested primarily in the common stock of the sponsoring company. Unlike a 401k plan, which requires an employee to contribute his or her own money, there’s no cost to employees.

Melink’s ESOP directly correlates to our company culture.  We act like a start up every day and our ESOP helps us to further build our ownership culture that rewards people both monetarily and intrinsically.  Employees are part of something bigger at Melink, because everyone is working to build his or her (and everyone else’s) successful future.  Increased company performance typically leads to a higher share price and therefore a higher balance in employee ESOP accounts. Simply put, when the company does better so will our employees. The ESOP plan provides a return on their sweat equity.

At Melink, we value our employees’ ideas, opinions and inputs to successfully serve our customers and growing the business.  Melink is building and sustaining an environment that fosters an ownership culture.

Sustaining A Great Place To Work

Posted on by Lindsey Burbee

During almost every interview or conversation I have with a non-Melinker, I am asked why I love Melink. My response is always the same, the employees!I am grateful for the “Good Mornings” as employees pass my office, to hear Lorie’s laughter, the conversations at the coffee pot, and sharing thoughts and ideas with my teams.  If you know Melink, you know that we are a leader in energy-efficiency and sustainability practices, but our biggest asset and greatest advantage is our employees.

Every year, one of our top strategic objectives is to ensure our organization is considered a Great Place to Work.  I am proud to say that for the last 2 years we have accomplished that goal! It’s very gratifying to know that 93% of our employees told the institute they feel management is honest and ethical in its business practices. What’s more, 96% indicated they have great pride in who we are and what we do!

So, how do we sustain and keep that momentum?

We have to be transparent about our goals and actions, and very intentional about making sure we are meeting the needs of our employees and providing a satisfying work life, which can certainly be tricky with half of our employees being remotely located across the world. That is why I love Springtime at Melink as we approach our Annual Company Meeting.  This is our own version of a big Family Reunion! We get the chance to be together in one and ensure all voices are heard. All employees gather at our headquarters in Milford, Ohio to reconnect (or meet for the first time!), catch up, and learn more about each other.  We share thoughts, conduct training, share our hopes and concerns for the coming year, and of course have fun!  We will beat up new processes, challenge each other to meet our customer needs, and focus on delivering the best results to achieve our annual and strategic goals. It is an all-hands-on-deck, no holding anything back type of week!

Our 2018 meeting is right around the corner and the planning is almost finished. Food has been ordered, hotels confirmed, flights are scheduled, and agendas finalized. Our remote employees will start to arrive tomorrow. Our days may be packed with educational sessions, brainstorming meetings, internal presentations, and forecasting, but we have plenty of fun planned too!  This year we are excited to have Scott Tallman share his BBQing talents for a cookout, and enjoy a dinner cruise down the Ohio River (thanks Lorie!).

The energy is building and we will soon conduct our survey again. How did we measure up? How do we impact our employees? How do we continue to keep them engaged? While I have a good pulse on where we stand, I can’t wait to show the world once again how Melink stacks up as a Great Place To Work!

Melink to become an ESOP!

Posted on by Lindsey Burbee

In the next few weeks, Melink Corporation will become an employee-owned company. As the founder, owner, and CEO, I have decided to sell my shares to an Employee Stock Ownership Plan (ESOP) which will then distribute shares to our full-time employees over time. The reason is, I want our employees to feel ever more invested in Melink and its vision, mission, and values. And I want them to become beneficiaries of their investment of time, passion, and sacrifice when they retire.

After 31 years of building Melink Corporation into a national sustainability and clean energy leader, I will continue serving as CEO but increasingly focus on strategic and long-term opportunities. For example, after implementing the ESOP, I will focus on designing and constructing our second net-zero energy headquarters for future growth and expansion. I will also continue innovating new products and services, with our most recent ones being Positiv and Manifest. And I will serve as CEO of Melink Solar & Geo, a sister company of Melink Corporation, with the goal of mainstreaming the two most promising building technologies (solar PV and geothermal HVAC) from an energy and carbon reduction standpoint.

As many know, Melink Corporation could have been sold to a public company or private equity firm. The market is ripe for mergers and acquisitions in this new low-tax environment. But I did not want to make my legacy about selling out to the highest bidder and then losing everything I spent my life creating. My vision is that Melink Corporation should become a billion-dollar company by helping lead the clean energy revolution and solving one of the world’s most serious challenges: climate change. And I want to ensure that our family and high-performance culture thrives … and inspires other companies on how to achieve organizational excellence.

Moreover, the ESOP will allow Melink to attract and retain the best possible talent. Rather than our employees only buying stocks and mutual funds of other companies through their 401K plans, they will own the very company in which they spend the majority of their time and invest their hearts, minds, and souls. They will be even more proud to sell our awesome solutions and provide great customer service. They will respect and honor, but also hold accountable, their fellow workers all the more with their best efforts and intentions. Success will beget success.

This is not a get-rich quick scheme. It is a build wealth slowly plan. And it is a commitment and investment in our employees that will empower everyone to think and act like owners. And serve as true leaders to the world at large, our country, and our communities.

Happy Holidays from Melink

Posted on by Lindsey Burbee

As CEO of one of the greenest companies on Earth, I want to take this opportunity to thank our many customers!  Together, we are changing the world one building at a time … by saving energy and reducing the carbon footprint of millions of square feet every year.

Since the spirit of the Holidays is about giving, let me share some ideas about how you can accelerate your journey to a clean energy future at your business and home:

  • Replace your high-usage lights with LEDs.
  • Improve your building envelope with additional attic insulation and triple-pane windows.
  • Upgrade to a geothermal HVAC system when it is time to replace your existing system.
  • Install a heat-pump water heater – and connect to your geothermal system after it is upgraded.
  • Purchase only high-efficiency appliances.
  • Install a solar PV array on your roof, ground, or parking lot to offset your remaining electrical loads.
  • Select the green power option from your local utility for any power you buy form the grid.
  • Purchase or lease only hybrid and preferably electric cars, vans, and trucks.
  • Install EV charging stations at work to educate and inspire your employees and visitors.
  • Install a battery storage system to reduce peak demand charges and ensure against power outages.

Every homeowner and business can reduce its energy/carbon use by 50% or more.  In fact, many of the largest and most successful businesses, universities, and governments across the U.S. and world have already achieved carbon neutrality.

This is about our economy, security, environment, and health!  We can be part of the problem or part of the solution.  Be a leader, do the right things, and your brand and business will benefit.

Thanks again for the privilege and honor of working with all of you. We’re humbled by your passion and trust to make the world a better place for us and future generations.

Cheers!

Steve Melink

CEO

Melink Corporation        

Meet Jason O’Connell, Intelli-Hood Technical Support Specialist

Posted on by Lindsey Burbee

Jason has been with Melink’s technical support team for 2 and a half years. If you have ever called in with a question or need help troubleshooting for Intelli-Hood, Jason may have been the man on the other side of the phone! He has a passion for solving problems and learning more about every person he helps.

Business Unit and Job Title

Intelli-Hood Technical Support

What does your job entail?

Fielding calls and emails from sites which employ one or multiple versions of our Intelli-Hood system. I help to troubleshoot and in most cases can either repair remotely or diagnose the issue and supply the appropriate parts to rectify the issue.

What is your personal philosophy?

Work smarter… not harder.

 What did you do before coming to Melink?

Field Service Engineer – Extremity MRI

What is your favorite aspect of working at Melink?

People. The ones I work with and the ones I help.

What do you like to do in your time off?

Spend time with my family and work on my MINI.

Tell us something that might surprise us about you.

I love sci-fi and horror movies and listen to EDM when I’m in a bad mood

What are you most proud of?

My son. I never thought I would actually be a father until I was. Now he is the most important thing in my life and I will move heaven and earth to make sure he is taken care of and knows he is loved.

What are your hopes for our industry?

My hope is that everyone wakes up and realizes how much in their lives is truly wasteful. So many products we use every day are sold in containers that cannot be degraded yet we throw them away and they get to fill a giant hole in some landfill. Reduce the products we buy that use these containers, reuse the containers for other purposes or recycle the container appropriately.

Motto or personal mantra?

Love yourself because being loved starts inside. If you CAN’T love yourself, you need to rethink where you are or what you are doing.