READING, PA, May 11, 2020 – Edward C. Renenger, President and CEO of SES ESOP Strategies, presented a webinar as part of The ESOP Association’s COVID-19 Action Center Webinar Series on May 4, 2020.
Mr. Renenger co-presented “I Took a PPP Loan – Should I Give it Back?” Congress has granted a safe harbor to return Payroll Protection Program (PPP) money and it will presume the original certification for the need was made in good faith. The webinar examined business owners’ options regarding PPP funding and focused on the business owners who applied for and received PPP funding, but who are now re-evaluating the decision to accept the funds.
In addition to his role as President and CEO of SES ESOP Strategies, Mr. Renenger is Co-Chair of the ESOP Group and the Employee Benefits and Executive Compensation Group at Stevens & Lee, an affiliated company of SES ESOP Strategies. In this capacity, he assists companies in navigating the complexities of ESOPs, and advises business owners on how to sell their companies to employees through an ESOP, as well as other ESOP-related transactions.
He works with the entire range of ESOP-owned companies, including S Corporations, C Corporations, private companies, publicly traded companies, companies that are wholly owned by the ESOP trust and companies in which the ESOP is a minority owner. Mr. Renenger also counsels ESOP trustees on their fiduciary obligations under ERISA in ESOP-related transactions and when unique situations arise in an already established ESOP.
He holds a J.D., magna cum laude, Order of the Coif, from Georgetown University Law Center and a B.A., First in Class, summa cum laude, Phi Beta Kappa, from The Catholic University of America.
Edward C. Renenger