Commonly Asked Questions

Aegis makes all decisions through its fiduciary committee that consists of experienced attorneys, a certified public accountant and an accredited valuation advisor. One of the most important fiduciary decisions a trustee makes concerns the valuation of the stock it purchases on behalf of the participants. An ESOP trustee is prohibited by law from paying more than fair market value for the stock. Aegis works closely with its independent financial advisor to arrive at the appropriate price. The collective expertise of the committee members assures that the ESOP participants pay no more than fair market value for the stock. The professionals with valuation and financial expertise work closely with the independent financial advisor. Aegis’s legal team communicates with the financial advisor regularly to discuss anything in Aegis’s due diligence review that may have an impact on value. The committee also focuses on loan terms, compensation for the selling shareholders, board composition, synthetic equity and other pertinent issues.

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