In 2004, Specialized Engineering transferred partial ownership of the Company to the employees of Specialized Engineering via an Employee Stock Ownership Plan. Extending ownership to employees serves two purposes. The Specialized Engineering Employee Stock Ownership Plan offers the opportunity for employee-owners to build up significant retirement savings. In addition, giving our employees a personal stake in the success of the Company creates a total ownership environment. This incentive to think and act like an owner translates into superior service to the client – every project, every day. As a result, Specialized Engineering is a leading competitor in the marketplace. Specialized Engineering is 100% ESOP.