Ennis CEO: GOP Tax Cuts "have improved the prospects of the American worker and American company success"

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Posted by Andreas Hellmann on Monday, September 10th, 2018, 12:49 PM PERMALINK

With help from the Tax Cuts and Jobs Act, Ennis, Inc. of Midlothian, Texas awarded a special bonus to more than 2,200 non-management employees.

The GOP tax cuts "have improved the prospects of the American worker and American company success" as noted by an Ennis press release:

Keith S. Walters, Chairman, President and Chief Executive Officer of Ennis, Inc. (NYSE: EBF), a manufacturer of business forms and other business products headquartered in Midlothian, Texas, announced today that in conjunction with the signing of the Tax Cuts and Jobs Act of 2017, the Ennis Board of Directors has approved a special one-time bonus to more than 2,200 non-management employees in the amount of $500.00 each.  This payment will take place with the first payroll period in January 2018.

In addition, in response to this landmark act the Board of Directors has declared a special one-time cash dividend of $0.10 a share of our common stock.  The dividend will be paid on February 9, 2018 to shareholders of record on January 12, 2018.

“Congress and the President by their passage of this historic law have improved the prospects of the American worker and American company success.  We recognize this historic opportunity for our Company, our employees and our shareholders,” said Mr. Walters.

Founded in 1909, Ennis has been engaged in the production and sale of business forms and other business related products. The Company is one of the largest private-label printed business product suppliers in the United States.

View the Texas list of tax reform good news here, and the national list here.

Photo Credit: Ennis Inc.

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