Episode Details
Back to Episodes280. Spinato’s Pizzeria goes 49% Employee Owned (ESOP)
Description
Tempe-based Spinato’s Pizzeria has embarked on an ownership structure that only 7,000 businesses around country and only one percent of Arizona companies offers, an Employee Ownership Stock Plan (ESOP).
Since opening 51 years ago, Spinato’s has grown to six Phoenix-area locations with more than 420 employees. The pizza company is the Official Pizza of the Phoenix Suns and Phoenix Mercury (NBA and WNBA basketball teams) and the Official Pizza of the Arizona Cardinals (NFL football team). With the ESOP announcement, 150 Spinato’s employees join the six family members as owners.
This week on The Hot Slice, we sit down with Anthony Spinato, President & CEO, to learn all about the new ESOP. We dive into what led the family to create the ESOP and the process to make it a reality. Listen to the goosebump moment when Anthony shared the news with longtime team members.
Read Spinato’s ESOP Announcement.
Learn more about Spinato’s and on Instagram @ spinatospizza.