25 Jul 2017
Bastian Solutions Response
8yWe are very excited about our acquisition by Toyota. They are a great company and are committed to maintaining our culture.
The decision to replace the employee stock plan with a flexible service appreciation award was made 2014 which is 3 years before Toyota acquired Bastian Solutions; and at a time where there was no intention to sell the company. The stock appreciation plan mentioned within this review was a very rigid government restricted program and did not allow flexible earnings which was burdensome to hundreds of participants. The new service award plan provides an on the spot cash bonus to those who have committed years of service to our company, without the mandatory 409A regulations. This new service award plan has been very popular for the vast majority of all Bastian Solutions employees.