Employee Stock Ownership Plan (ESOP) Re-Purchases One Million Shares
Torch Technologies, a premier provider of superior scientific and engineering services, today announced the completion of the purchase of Torch Technologies stock by our Employee Stock Ownership Program. This purchase is just one of the ways that Torch is fulfilling our commitment to employee ownership.
One million shares of stock were purchased with contributions from the company and distributed to our employees via the Employee Stock Ownership Program. Our goal is to reward the people who make us successful by placing the ownership of the company in their hands. We believe that pride in ownership results in a firm commitment to excellence from our employee-owners. This commitment to excellence contributed to extraordinary growth in 2005.