Daseke Inc. Announces New Stock Plan for its Drivers

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Source: www.farm8.staticflickr.com

Daseke Inc. announced a new stock plan designed around professional company truck drivers

Daseke Inc., North America’s largest consolidator of the open deck transportation and logistics market, has announced a new stock plan designed around professional truck drivers. Daseke Inc. became a public company earlier this year and it is traded on NASDAQ under the symbols DSKE and DSKEW.

Under the new stock plan, an estimated 1 million shares of common stock with a current valuation of around $9.9 million, have been reserved for the 2017 employee stock awards program. Approximately 2,100 company drivers and 800 support team employees will be awarded restricted stock units.

The restricted stock units or the “stock grants” are the units with the right to receive common stock, subject to various vesting, transfer and other restriction. These stock grants will be eligible to all company drivers and support team employees already working for Daseke Inc. and anyone who joins the company in 2017.

Source: www.mms.businesswire.com

“I’ve said from day one that people make the difference – we invest in people. In our industry, professional truck drivers truly are the heart and soul of everything we do,” said Don Daseke, president and CEO of Daseke.

“We want professional truck drivers and all our support team employees to have ownership in Daseke. To our knowledge, we are the first public for-hire trucking company to have a program that makes professional truck drivers company shareholders,” said Daseke.

“It’s very exciting for me personally. A driver stock program was something I have been passionate about from the very beginning. This is about being an owner. We want people to come together, be empowered and build our company with the mindset of ownership.”

However, stock grants will be awarded only after one full quarter of service. So, the professional company drivers and team employees who were hired in the first quarter of this year, will be granted stocks in July this year.

“This is a program that is above and beyond what our operating companies already have in place with new hires, and it rewards those drivers who help us build the future,” continued  Daseke. “What’s more, we offer industry leading benefits, such as a 401(k) match of up to 4 percent, and a top-tier health care plan.”

Daseke Inc., has recently merged with Big Freight and Schilli Companies. So, Daseke Inc., now has 11 companies with over 3,500 trucks and 7,300 open deck trailers. Many of the companies within Daseke have been named as a Best Fleet to Drive For by the Truckload Carriers Association, as well as have won numerous safety awards.

Source: www.daseke.com

“We’re focused on quality,” said Daseke. “We continue to grow, recently adding two new premier companies to our family – The Schilli Companies, headquartered in Indiana, and Big Freight Systems, headquartered in Manitoba, Canada. We want our people to experience ownership as we work every day to build value for our customers and our owners.”