Taylor Guitars has announced its transition to 100% employee ownership through an Employee Stock Ownership Plan (“ESOP”).
“We have delighted in giving people the joy of music and hope to do so for generations to come,” Bob Taylor, co-founder and President of Taylor Guitars, said in a media statement.
“Becoming 100% ESOP allows us to ensure our independence for the long-term future and continue to realize our vision for the company as an innovative guitar manufacturer,” he added.