KI Completes Transition to Employee Stock Ownership Plan

Global furniture manufacturer KI has announced its complete transition to 100-percent employee ownership

KI has completed its transition to 100-percent employee ownership through its Employee Stock Ownership Plan or ESOP. The global furniture manufacturer completed this move in April.

“This change marks the culmination of my lifelong dream to transform KI into an independent, privately held, employee-owned enterprise,” said Dick Resch, KI CEO. “It’s a pivotal moment in our company’s history and paves the way for future generations of KI employees to share in the company’s growth and success.”

KI has more than 2,000 employees worldwide. Prior to the transition to full employee ownership, the company was primarily owned by members of the Resch family and the KI ESOP. The ESOP represents a stable ownership structure that will enable the company’s growth over the long term. The transformation also gives KI employees greater 
opportunity to take part in the benefits of stock ownership. KI is now among the 50 largest ESOP companies in the United States.

“At KI, we take pride in our unique company culture and unwavering commitment to our employees and customers,” Resch added. “Complete employee ownership will ensure that our team, and the company, continue to thrive for years to come.”

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