We have BIG news to share.
Starting today, P. Terry’s is becoming employee-owned through an Employee Ownership Trust (EOT).
Patrick and Kathy Terry aren’t going anywhere. This step helps ensure that the values they’ve built P. Terry’s on, including taking care of people, serving quality food, and supporting our communities, continue for generations to come.
An Employee Ownership Trust allows our employees to share in the long-term success of the company while helping preserve P. Terry’s independence, mission, and culture. Simply put, we’re investing in the people who make P. Terry’s possible every day.
We’re also excited to introduce a new profit-sharing program for employees with at least two years of tenure. Beginning this year, 5% of operating income will be distributed among eligible employees, with plans to increase that amount to as much as 20% over time.
As Kathy Terry shared:
“From the beginning, we believed that taking care of people and building a great business weren’t competing ideas. This transition is the most honest expression of that belief we’ve ever made.”
P. Terry’s has always belonged to the people who show up every day. Now, it’s official.
Thank you for supporting P. Terry’s and the people who make it what it is.
