FALL 2015 Suit-Kote Makes History in Cortland County Suit-Quotes Fall 2015 1 President’s Perspective FRANK SUITS, Jr. Another year is officially in the books and Suit-Kote has added another successful chapter to our history. The 2015 work season was filled with historic events, strategic improvements and superior workmanship. Suit-Kote remains strong with an exciting future on the horizon. We have grown nearly every facet of the business in the last decade and are now poised to continue on this path of strength in the industry. We are prepared to meet the needs of our customers and our employees, but we are also aware of the many challenges that lie ahead as well. We intend to continue our approach of vertically integrated managed growth while at the same time keeping our eye on never ending increases in material costs and government regulation. As you will see as you page through this edition of Suit-Quotes, there is a lot going on at SuitKote. We have made tremendous progress in getting government officials to adopt innovative ways to use their limited resources by opting for maintenance first plans and to create “think outside the box,” funding plans. An example of this type of change is the Truxton-Tully Road project. Working alongside our government officials we were able to properly repair a road while saving the taxpayer money. In essence, we put our reputation on the line to move the industry forward and my thanks go out to those who did such a great job from the beginning to the end. This year, like so many others, we set our focus on safety because nothing matters more to us than getting everyone home to their families at the end of the day. We are so very proud to have one of the best safety records in our industry and we realize this is the result of the efforts of everyone. Our Safety Department has done a great job of improving communication and making sure everyone follows the best safety practices each and every day of the year. Rest assured, we plan to keep devoting all of the necessary resources and equipment necessary to keep you safe and sound throughout spring, summer and fall of each year. In addition to the strides we are making in the field, our Board of Directors has committed resources to upgrade our technology and services at each Suit-Kote location. Our computer systems are being designed to make work more efficient and our new website is more functional than ever. As the calendar changes each year, we are doing everything we can to stay ahead of the curve and take advantage of technological advances. Suit-Kote was founded in 1921 and we have had so many talented individuals represent our Company with skill, integrity and passion. And we have been fortunate to have some of those who have dedicated their entire professional life to our cause. I can think of very few who have upheld the values of this Corporation more than Larry Preston. Larry is retiring this year after 43 years wearing green. Although I am sad to see him go, I can’t explain how much he has meant to this company. He has always been there for us filling whatever role was asked of him, and always with a smile. He has gone above and beyond the call of duty countless times and I am proud to call him my friend. Larry, your family at Suit-Kote will miss you and we wish the very best life has to offer in retirement. I hope you all have a great off season of rest and relaxation - you earned it! 2 Suit-Kote Corporation table of contents 4. Suit-Kote.com 6. News From Around the Company 8. Suit-Kote Employee Health Insurance New and Improved Website What’s new(s) in the Suit-Kote family Still among the best plans in the nation 10. Tully-Truxton Road Project Makes History Cost effective pathway to the future 12. Take Control of Your Healthcare Costs Activate your Ally Health membership today 14. Safety Spotlight An update from our Safety Department 16. Be a Smart Health Care Consumer New mail order vendor begins January 1st 18. Planning for Your Financial Future 401K investing tips 19. NYSDOT Needs Equal Funding Transportation industry prepares to fight for funding parity 20. Jerry Townsend Proves Heroes Wear Green A miraculous story of strength and heroism 21. A True Gentleman Retires after 43 Years Larry Preston’s legacy will live on 22. Dick Schutz Closes the Door on a Successful Career Ryan DuBois offers a tribute to his mentor 23. $18.5 Trillion? The problem is most people don’t know what it means Suit-Quotes Fall 2015 3 The New and Improved www.suit-kote.com Have you been to www.suit-kote.com lately? If you have, you will notice it looks a lot different. Earlier this year, the Company’s website received a makeover and had many new features added in hopes of giving visitors a better understanding of who we are and what we do! In addition, we also added some resources for our employees. The new design of the site was created to make it easier to navigate and we gave it a sleeker look. By incorporating more images, we hope to better illustrate how diverse Suit-Kote is and how we are able to cover all of the territory between Watertown, NY and Pittsburgh, PA. Now with the simple click of a button you can learn about each location and what type of services they offer. You can see where we manufacture asphalt emulsion, where we store it and how we move it. All too often people lose sight of the teamwork that makes Suit-Kote successful, but now all you have to do is go to www.suit-kote.com and you can learn it all right there. Shop Suit-Kote There is a new Suit-Kote store open for business. This store is fully functional and is the place you can order t-shirts, hats, jackets and much more with the Suit-Kote named branded on it. In addition, employees can go to the site to order their uniforms at the beginning of the year, making it easier to get what you need before the start of the season. By following a few simple steps, you can order your uniform and have it delivered right to your home. This site comes with all of our policies, procedures and employee allowances printed right there, so it really is your one stop shop for everything Suit-Kote. 4 Suit-Kote Corporation Job Openings This year the Suit-Kote job application process was put online. Instead of visiting the office to fill out an application, those interested in working for Suit-Kote can apply from their computer, tablet or smartphone. We have simplified the process and have made it more user friendly, allowing applicants to be notified electronically of receipt of their application and also allows us to better communicate with them throughout the entire process. This new application system now lists each of the openings we have company wide with a job description and the location where the opening is available. Current employees can use this function to apply for jobs within the company as well. Prior to the beginning of the work season, employees are free to apply for job openings within the company that might be of interest. Suit-Kote Video We have reproduced a promotional video detailing many of our products and processes. Visitors to the site can now watch us in action and see how roads are made and maintained. Contact us The new website now allows anyone to communicate directly with Suit-Kote. This tool has been invaluable since it began. Rarely a day goes by without a grateful motorist sending a note about how courteous and helpful our road crews have been. It also allows prospective customers a place to inquire and get in touch with the right people making for a positive experience. Suit-Quotes Fall 2015 5 News from around the company Suit-Kote wins the Vision Award Saratoga Hilton Saratoga Springs, NY September 15 - 18, 2015 C. , IN YS NEW RK Walk a Mile in our Shoes OF HI GH W A TE ASSOC IAT STA I Conference, Education Symposium & EXPO ENTS ND TE TOWN SUPE RI OF N N O 86th Annual NYSAOTSOH 86th Annual Conference, Education Symposium & EXPO ANNUAL BANQUET Thursday, September 17, 2015 Saratoga Hilton, Saratoga Springs, NY YO Banquet sponsored by: Suit-KoteTonight’s has played a ismajor roleininpart promoting the VANTAGE industry, but we have been exceptional in helping EQUIPMENT the Master town ofhighway superintendents across New York. Vision Award Ceremonies: Bernie 2015 Recipient: Meyer, Town of were Canaan recognized These efforts at the New York State Suit-Kote Corporation Association of Town Superintendents Highways 86th Tom Hoyt, Townof of Windham, National Anthem: Sarah Vendor Liaison Chair Page Conference. - Daughter of Russ Page, Annual NYSAOTSOH President Mahar, Town of The Benediction: VISION Pat Award is given each year at the Town Executive Committee Plaques: Denmark Page, Town of Leicester who and Highway Conference to an Russ associate member has Jeff Griswold, Town of Preble Recognition of Past Presidents demonstrated exceptional service to New York’s local & Special Guests: Keith President and Incoming Hurtgam,industry. Town of Hartland highway President Acknowledgment: Golf Prizes: Pat Mahar and Matt Brayman, Stadium International Trucks Russ Page, President 2014-2015 and Jeff Griswold, Incoming President 2015-2016 Mike Murphy was on hand to accept the award on Lexie Paddon, behalf of the more than 700Performance Suit-Koteby:men and women Mohonasen High School Choir who made it possible. and Acapella Group Evening Entertainment: Human Resources Update The Accents Band, Compliments LADA Prizes: Jack Hill, LADA of Beam Mack/Mack Trucks Both the job application and online return to work 100% County Membership Wine and Soda during process were implemented Beer, this year, and have been Participation: The Accents Band Meyer, Town ofThey CanaanhaveCompliments of Beam veryBernie successful. made the company more Mack/Mack Trucks compliant in the event of an audit, saved employees time and reduced both the amount of paper needing to be printed and foot traffic throughout the office. For the online job application, managers can request an open position be posted or taken down from the website, and it can be done in a matter of seconds. For the online return to work process, employees were able to complete their return to work forms in the comfort of their home before they started the work season. 6 Suit-Kote Corporation A couple of the projects that will be completed throughout the offseason for 2016 are the online new hire orientation process and online exit/layoff form process. Many of the forms that are completed during the online return to work process are the same forms as what will need to be completed during the new hire orientation, so much of that workflow has already been created and tested. Like the new return to work process, the new hire orientation will save employees time by only typing in their information once and having that information automatically prefill throughout the rest of the forms. New York State Extends Suit-Kote’s PDH Accreditation The New York State Education Department renewed SuitKote’s continuing education certification for professional engineers. This license allows the Company to share our road maintenance knowledge with engineers across the state. By teaching our craft to the engineering community it allows us to properly illustrate best practices and more importantly, best uses for our industry’s products and processes. We are honored the state once again recognizes SuitKote as an industry leader with the qualifications and experience to share our expertise with professional engineers. NYS Thruway Tests our New Highly Modified Asphalt (HIMA) Suit-Kote Micro-Surfaced a 12.75 mile (one lane section, driving lane) of the NYS Thruway with our new HIMA (Highly Modified Asphalt) micro surfacing product. This product has 6% polymer modified asphalt which is 2 to 3 times the normal amount of polymer than a typical polymer modified AC. The project went from the PA line east bound 12.75 miles. The idea of using this product on the Thruway was sparked in October of 2013 while teaching a PDH training session for the Thruway’s Buffalo Division. Gary Risley continued to work with Thruway officials and was successful in getting them to test our new HIMA micro surfacing product, which seemed like a perfect fit for this application. continue to utilize a McConnaughay mill, which we have used in producing PMA in Cortland since 1996. The project was completed in September and it amounted to approximately 1,100 tons of HIMA Micro-Surfacing. The product performed so well the project was expanded to install a 5 mile section of centerline repair utilizing the HIMA micro product. As a result of this cooperative effort, SuitKote is in discussions with the Thruway’s Chief Engineer and Director of Maintenance and Operations to offer a comprehensive PDH training segment for these types of applications so its use can be expanded to the entire Thruway system. Construction of Tonowanda Polymer Modified production Facility Completed On September, 5, 2015, Mark, Dean, and the guys began producing Polymer Modified Asphalts (PMA) at the Suit-Kote Tonawanda facility. From breaking ground in March to September, this facility has taken shape to become similar to the Cortland facility – a concentrate tank and letdown tank, which will feed the existing storage tanks for the distribution of Polymer Modified Grade asphalts. The actual production facilities are indoors, allowing production to continue during inclement weather. We So far, the guys have produced over 1 million gallons in good order. They will be able to produce multiple grades that can be used in New York, Pennsylvania and Canada. This winter, we’re looking to add lab testing equipment for PMA in western New York. This will insure quick and precise turnaround in producing various grades. We appreciate the efforts of everybody that has had a hand in getting this facility up and running! Belmont Adds a New Face Rich Hampshire has joined Suit-Kote Belmont as Lab Tech/ Assistant Mill Operator. Rich is a veteran of the United States Navy and has more than thirty years of experience in the Construction Trades and Electrical Industries. Oriskany Expands Territory Suit-Kote Oriskany has expanded east into Fulton, Montgomery and Schoharie Counties. Steve Gloo has been chosen to be our sales representative for this new market area. Oriskany would like to welcome the following new employees: Al Shephard - Transport, Charles Hayes - Distributor, David Jeanotte - Yard and Gretchen VanSlyke has returned as our Administrative Assistant. Watkins Glen Kevin Palmer found a wallet in the road with a large amount of cash in it. He managed to track down the person and return the wallet to a very grateful individual. Congratulations to Kevin for doing the right thing! Buffalo Congratulations to Mike and Mary Kehl whose daughter Jessie is expecting to give birth to their first grandchild any day now. Suit-Quotes Fall 2015 7 Suit-Kote Employee Health Insurance Still among the best plans in the nation It seems like every time you turn on the tv or read a newspaper you find something about the skyrocketing costs of healthcare in the United States. Our government leaders in Washington used this issue to institute a “fix” called the Affordable Care Act, also known as Obamacare. According to many experts in the field, this program has only made it worse and luckily, Suit-Kote made dramatic changes to its’ own plan to minimize the damage. A few years ago, Suit-Kote’s health insurance costs were rising out of control. We were on the verge of losing significant coverage for everyone in the plan. Our plan was in a state of what some refer to as a death spiral because it was completely unsustainable. Something had to be done quickly to ensure our families remained covered with a program flexible enough to meet the ever changing demands and regulations of this industry. On October 1, 2012 Suit-Kote Corporation made a major change to its’ health insurance plan and the philosophy of delivering this much needed coverage. We moved to consumer based health insurance model utilizing a high deductible heath plan (HDHP) with an associated health savings account (HSA). On day one of the plan, the SuitKote Board of Directors (BOD) voted to jump start each and every employee’s HSA account by contributing $2,000 for those who had single coverage and $3,400 for two person and family participants. This was done to give everyone an opportunity to learn more about how to use this new system, but to also to make people have a financial stake in their health care costs. Another important change made in October of 2012 was resetting our coverage year to coincide with a calendar 8 Suit-Kote Corporation year. In essence, this change meant the new plan that was instituted would reset just three months later, and all employees would be eligible for another $2,000/$3,400 to be contributed into their HSA by the Company. It was important to the BOD that everyone get an opportunity to save as much money in this account to be used for years to come. At the conclusion of 2013, an analysis was done and all of our efforts were deemed a success because we had finally slowed down our health insurance cost curve, but still more had to be done. After considering several ideas, the BOD decided to increase the cost of the premium on employee dependents who are members of the plan. Although it may have been difficult for some, this tax deductible payment made by plan participants who cover family members is still well below the New York State and national averages. EMPLOYEE PREMIUM CONTRIBUTIONS SINGLE COVERAGE: National average - $1,146 (18% of total cost) Northeast - $1,309 (19% of total cost) Suit-Kote - $0 (0% of total cost) FAMILY COVERAGE National average - $4,549 (24% of total cost) Northeast - $4,318 (23% of total cost) Suit-Kote - $2,600 (16% of total cost) Source: Kaiser/HRET Survey of Employer-Sponsored Health Benefits Suit-Kote’s health insurance plan premium costs are not quite as high as the employee contributions when compared to the nation. Put simply, Suit-Kote contributes more towards the health care premium while other employers simply pass it on to the employees and their families. When compared to how much of the health insurance premium employers pay Suit-Kote picks up a greater share than most other companies. and independent authorities to track corporate contributions across the country. As you can see in the chart Suit-Kote contributes more than twice the as much than the average employer. EMPLOYER PREMIUM CONTRIBUTIONS SINGLE COVERAGE: National average - $5,143 (82% of total cost) Northeast - $5,268 (80% of total cost) Suit-Kote - $5,241.84 (100%) FAMILY COVERAGE: National average - $14,525 (76% of total cost) Northeast - $14,780 (77% of total cost) Suit-Kote - $13,252 (84% of total cost) Source: Kaiser/HRET Survey of Employer-Sponsored Health Benefits 2016 is the year when Obamacare’s next big step toward full implementation and the fact that many of the insurers in the “Healthcare Marketplace,” have already folded or dropped out it is placing quite a strain on the health insurance industry. Suit-Kote is faced with another decision - significantly reduce coverage or alter the corporate contribution to HSA ‘s. After careful deliberation and analysis of the projected average HSA balance each participant has, the BOD decided the best way to move forward was by reducing the corporate contribution to $1,000 for single participants and to $2,600 for two-person and family plan members. Suit-Kote understands this is not a welcomed change, but it was the best option available. A vast majority of our participants have saved more than enough money to keep their out-of-pocket costs stable, but those who have higher healthcare needs are likely to be EMPLOYER HSA slightly affected by this CONTRIBUTIONS decrease. SINGLE COVERAGE Although this change National average - $515 may seem unfortunate, Eastern Region - $446 Suit-Kote still far exceeds Suit-Kote - $1,000 the contribution of virtually any company FAMILY COVERAGE in America. There National average - $890 are several studies Eastern Region - $667 conducted by health Suit-Kote - $2,600 insurance companies Many of the changes being made to our plan are not being done purely because of the increasing cost of health care, instead they are a decision of necessity resulting from government intervention. Still looming on the horizon is the Affordable Care Act’s high-cost plan tax (HCPT), sometimes called the “Cadillac plan” tax. This tax will be implemented in 2018 is likely to affect as much as 46% of employers with more than 200 workers. Amazingly, the effective ways to avoid paying this tax requires employers to: 1. Increasing the deductible and other cost sharing; 2. Eliminating covered services; 3. Capping tax-preferred savings accounts like Flexible Spending Accounts (FSAs), Health Savings Accounts (HSAs), or Health Reimbursement Arrangements (HRAs); 3. Eliminating higher-cost health insurance options; 4. Using less expensive (often narrower) provider networks; 5. Offering benefits through a private exchange. Source: How Many Employers Could be Affected by the Cadillac Plan Tax?- by Gary Claxton and Larry Levitt. Essentially, the Affordable Care Act was created to stop employers from offering generous health insurance plans. It is believed their reason for doing this was to decrease the overall cost of health care in this country by forcing companies to cut services and increase costs to plan participants. The more we learn about the ACA, the more understandable it becomes that so many have fought so hard to stop it. Suit-Kote will continue to move forward offering the best possible health insurance plan to its employees and their families, but we hope our workforce understands that many of the changes we make are not our choice, instead they are being forced upon us by Washington and Albany. Suit-Quotes Fall 2015 9 Suit-Kote, Cortland County and NYSDOT Make History Together A two-lane blacktop road in Cortland County, N.Y., benefited from a sophisticated pavement preservation overlay that combined two lifts and two types of asphalt emulsions, that are anticipated to provide a high level of service in the years to come. It’s no secret local government agencies across the United States have been forced to do more with dwindling resources. They have been charged with finding new, innovative ways to repair and maintain our transportation infrastructure at a lower cost, because if we continue with past practices, soon our system will be unsustainable. In recent years a need to rehabilitate the Truxton-Tully Road was identified, and was selected to be a full road reconstruction project completed with costly land acquisitions, structural improvements and an HMA binding and wearing layer. Local and state officials employed a new approach to funding by applying the New York State DOT’s Forward Four philosophy to this project. This idea tries to match projects by using four determining criteria to qualify. First, it must benefit the overall transportation system, not just a specific project. It must focus on pavement preservation and optimize return on investment. And finally, it must meet strict sustainability guidelines. Subsequent to ironing out funding mechanisms, officials from Cortland County and locally based Suit-Kote Corp. engineers worked together to find a solution that would use alternative products and material formulations, resulting in a safe, durable roadway, and capable of achieving the same life cycle as other more costly, conventional processes. Eventually the project was funded with 80 percent federal (MAP-21 and STP-Flex funding), 13 percent State of New York (Marchiselli funding), and 7 percent Cortland County funds. High-Float Emulsions After realizing there were not enough funds to complete the project as first envisioned, combined with a change to the Federal Aid project criterion enacted by the FHWA, it spurred a completely new approach to deciding how to best address the issues with Truxton-Tully Road. 10 Suit-Kote Corporation Although it was new to NYS DOT, Suit-Kote decided to propose a process we had perfected in many counties and local communities across New York. For the binder course, we proposed to use a dense graded cold mix utilizing a high float, medium-set, hard-based asphalt emulsion (commonly referred to as HFMS-2GH), with a top course mix paver with slight modifications, such as wider screed plate and a modified angle of attack. In the process, Suit-Kote found it to be important to hold the rollers back from the pavers in order to enhance the mix cure and set characteristics. After compaction the paving course is ready to accept traffic much like conventional hot mix paving. consisting of a similar dense graded cold mix with smaller aggregate for a smoother, tighter finish. Work crews would return to the project later to install a surface treatment wearing course that consisted of an application of high float rapid-set, polymer-modified surface treating emulsion (HFRS-2P) and NYS DOT approved 1A-sized aggregate. What sets this particular process apart from others is that the HFMS-2GH contains 70 percent residual asphalt content where conventional medium-set emulsions contain only 65 percent, thus promoting maximum adhesion, flexibility and coating. Cortland County officials embraced this alternate plan utilizing a special specification section of the regulations and presented it to the NYS DOT Region 3 materials engineer’s office. This new cooperative effort of a private company – along with state and local government officials – proved to be a ground-breaking partnership. This alternate strategy was accepted and the project was successfully completed in late September 2015. Topped with Chip Seal The final phase of this project was a surface treatmentwearing course, known to many in the industry as a “chip seal.” This process was ultimately chosen because it offered the most cost-effective and durable wearing solution. By using a high float polymer modified asphalt emulsion, it allowed for quicker adhesion and increased aggregate retention. Suit-Kote Corp was the materials supplier and the contractor for the entire project. Subcontractors were used for various structural enhancements needed to stabilize the road. For the first time in New York State history, a federally funded total reconstruction project was converted to a cost-effective preservation project that would instead utilize dense graded cold-mix asphalt with a specialized enhanced HFMS-2GH, consisting of 70 percent asphalt. In the end, this project represents a win for cooperation between the private and public sectors, but most of all it is a resounding victory for the taxpayer. The project ran smoothly, with the dense graded cold mix being manufactured offsite at a nearby Suit-Kote quarry, and was applied using conventional paving techniques. As this road originally was constructed over a frost-susceptible subbase, dense graded cold mix is the product of choice because if cracking occurs, it will heal itself. On a more technical side, the mixture gradation for binder and surface mixes are very similar to Superpave 19mm and 12.5 mm. During construction Suit-Kote utilized a portable mixing unit (pugmill) that was equipped with a split bin hopper and calibrated belt scales to produce the dense graded cold mix material, along with a conventional hot Suit-Quotes Fall 2015 11 Take Control of your Heath Care Costs Activate your ALLYHEALTH Membership Today The Healthcare Industry is changing. Costs continue to rise at record levels and more and more families need to find more cost effective ways of getting the help they need. Suit-Kote would like to reintroduce you to the future of medicine. As part of your health insurance plan, you are eligible to access Ally Health at no additional cost. As with many employers like Suit-Kote that provide health benefits to their employees, healthcare is a complex issue for us, and we know it is for you as well. It affects each of us in different ways. As a company, our goal is to provide our employees with the best Healthcare possible in as cost-effective a manner as possible. To help us with this goal, we’re very excited to remind you of the addition of our new Telehealth program that will provide you and your family with access to care on your schedule. Anytime. Anywhere. Twenty-four hours a day. Three hundred sixty-five days a year. We have partnered with Ally Health and this service is already available to you and your family. What AllyHealth Does for You We know that your health needs don’t always revolve around your doctor’s schedule. After-hours care can leave you waiting for hours to see a doctor, instead of resting and recovering. AllyHealth allows you and your family to see doctors and pediatricians from the comfort of your home via video chat or phone. All of AllyHealth’s doctors are Board Certified and trained to deliver the highest quality in medical care anytime, anywhere. These doctors have the ability to diagnose you, prescribe medicine when appropriate, and send prescriptions directly to your pharmacy of choice. And there is NO COST for you to consult with a doctor, so use it as much as you need! Plus, as an AllyHealth member, you and your family will also get unlimited access to medical bill negotiation specialists, discounts on prescription medications at your local pharmacy and more. For a complete list of services included in the program and how they work, visit AllyHealth.net. 12 Suit-Kote Corporation Suit-Quotes Fall 2015 13 Safety Spotlight On August 27th a tanker hauling milk was passing one of our CIPR trains and tipped over into a swamp. A number of our employees saw the tanker tipping over and immediately ran toward the tractor and jumped into the water. The cab of the tractor was beginning to fill with water and when one of our employees, Eric Hill reached the window of the passenger side, he saw the hand of the driver pushing against the window. He tried breaking the window, but could not. He then started to try and open the door, but could not until a number of other Suit-Kote employees joined. They successfully opened the door and saved the driver from drowning to death. The driver suffered only a minor cut and was very thankful for the actions of our crew. On September 10th an amish buggy with a father, mother, toddler and baby were passing a CIPR train when the horse spooked and dragged the family into a swamp. Jeff O’Shea was acting as a pilot truck and saw the incident in his rearview mirror and immediately jumped out of his truck and jumped into the swamp to help the family. His first two questions were, “Was anybody thrown into the water and are there any babies in the water?” The woman said no and handed her baby and toddler to Jeff to bring to safety. Another Suit-Kote employee jumped out of his truck to help aide in rescuing the family from the ditch. The family was not injured and was also extremely grateful for the response from our crew members. These stories should make all of us proud to work at a company with employees who act so courageously and this article serves to recognize Eric, Jeff and their respective crew members for acting so selflessly. Environmental Regulatory Compliance - A Job Well Done By: Katie Niver Throughout the 2015 operating season, staff of all SuitKote facilities not only worked hard to keep the pavers paving and crews operating, but to keep their facilities in regulatory compliance, resulting in one of the smoothest seasons on record from an environmental regulatory compliance perspective. Throughout the season, many facilities were subject to New York State Department of Environmental Conservation inspections. All inspections were successfully managed, with the majority of facilities receiving no fines thanks to the hard work that SuitKote employees put in on a daily basis to maintain an environmentally compliant and safe work place. Across the company, facilities do an excellent job to ensure compliance, from Suit-Kote Tonawanda successfully passing their annual Coast Guard Inspection and EPA Audit to the staff of Suit-Kote Watkins Glen and Jamestown working diligently to shift regulatory programs based on the ever changing State regulations. Facility staff are responsible for not only attending annual safety training every year, but have the added responsibility of conducting mandatory onsite training as well. These onsite trainings vary from making several phone calls to mobilization of the company’s Spill Response Unit followed by an actual boom deployment across the Tioughnioaga 14 Suit-Kote Corporation River. This year, the Spill Response Unit received an upgrade with the purchase of a new trailer, which houses all of the spill response materials. This upgrade will help ensure that Suit-Kote has the ability to respond quickly to an environmental emergency and help do our part in protecting our workplace and the environment. To date, the 2015 season is an environmental success and with everyone continuing to strive for excellence, we expect the remainder of this season and the 2016 season will be just as great! Propane Leak Near-Miss Prevented By: Josh Lynn On June 12th, Joe Goodman (Suit-Kote employee) identified the release of propane gas near a local LPG containment. A steady stream of compressed liquefied propane gas was leaking from the relief valve on a 20 lb cylinder. The Suit-Kote employee immediately notified the Safety Department of the leak. The cylinder was placed off to the side so that it was not around any ignition sources / flammables. The propane cylinder supplier was called and notified of the incident. About 30 minutes later the supplier arrived. You can see in the picture below, how much pressure had built up inside the cylinder. There was a bulge around the weld seam. The pressure was so severe that the supplier had to release the liquefied propane gas at the Suit-Kote facility so that it did not rupture while in transport. The propane supplier thanked Joe for detecting the leak. Normally when a propane cylinder is filled; there is an OPD (Overfilling Prevention Device) valve that prevents the cylinder from being overfilled. In this case, the OPD valve had failed and the cylinder was filled beyond its working capacity. This is what caused the release of propane. If this problem was not detected, there was a serious chance that the cylinder would have ruptured. This could have caused a chain reaction and sent the other propane cylinders off like missiles. These cylinders could have launched into surrounding tanks, buildings or even at employees. This may have lead to a potential spill, property damage, injuries or worse. Because of Joe’s attention to detail, we were able to go home at the end of the day. Below are some basic tips for inspecting or handling propane cylinders: • Inspect the cylinder for damage - Cracks / broken weld points / rust • Never place your face over or in front of a Relief Valve • Always wear PPE (gloves & safety glasses) when handing/ changing tanks • Beware of flammability / ignition sources • Listen for gas escaping • Smell to see if odor is present • Look for frost on the coupling • Inspect the valve • Store cylinder with relief valve facing up on 33 lb cylinders and place 20 lb cylinders upright. • Static Electricity can also ignite propane vapor as well as a cigarette or open flame. • Be aware of emergency procedures BEFORE there is an emergency An Update on Jamey Crumb By: Paige Bliss On June 3rd, Jamey Crumb was pushing recycle material off the wing of a paver into the hopper with a 5 foot long shovel as part of his job as a laborer on a cold in-place recycling train crew. In the process of completing this task, the webe rolled onto his steel toed boot and struck his leg causing a compound fracture to his tibia and fibula. John Gilbert, the crew foreman, pulled Jamey away from the machinery and Jamey’s crew immediately called 911 while providing as much comfort as they could to Jamey. Jamey was transported to Strong Memorial Hospital and was eventually sent to the operating room for surgical repair of his fractures and was released from the hospital a few days later. Shortly after this accident we produced a toolbox talk to explain the accident to the workforce. We wanted to take this opportunity to provide an update on Jamey’s recovery. It has been a long four months for Jamey. Jamey’s recovery is progressing and he is positive about the steps he has made so far. He has monthly follow ups to check his bone growth and has recently started physical therapy. Speaking for everyone at Suit-Kote, we are all happy that Jamey is continuing to heal and we wish him the best throughout the remainder of his recovery. Suit-Quotes Fall 2015 15 Understanding and Maximizing your Comprehensive Benefit Plans Since 2012 Falcone Associates, Inc. has had the distinct privilege of working with Suit-Kote Corporation on the employee benefits programs offered to you. We have come to know many of you and your dependents through open enrollment meetings, calls By: Bernard Gleeson to our office and safety meetings. Our commitment to you is to provide you with the highest level of service possible. With health care expenses continuing to rise, modifications have had to be made to your health program to ensure its sustainability. While change is sometime unexpected, we have worked diligently together with Suit-Kote to assess plan benefit levels and costs. critical care services you avoid using your HSA card, thus preserve your HSA dollars. Suit-Kote Corporation was one of the first employers in the upstate region to offer this progressive and valuable benefit. There is more information contained within on ALLYHEALTH and instructions on how to activate your account. We encourage you to become familiar with this program and treat it as part of your overall health plan. MAIL ORDER PRESCRIPTION DRUG PROGRAM Beginning January 1, 2016 Express Scripts Home Delivery Pharmacy will fill your new and refill mail order prescriptions. PrimeMail will no longer serve as the prescription mail order vendor. The old saying that “Nothing is good nor bad unless by comparison” holds true. As we assess the benefit levels of the Suit-Kote health program and compare it to regional and national data, it is evident that The Suit-Kote plan remains above the highest averages. In January of 2015 a telemedicine program called ALLYHEALTH was introduced to Suit-Kote employees. This new benefit was offered at no additional cost to Suit-Kote employees. The ALLY HEALTH telemedicine program was offset in place to assist Suit-Kote employees in managing their out of pocket medical expenses while preserving their HSA account balances. BE A SMART CONSUMER To provide an analogy, would you drive to Grocery Store A to buy milk when you have a coupon for a free gallon of milk at Grocery Store B? Probably not! So as you look at your total health program through Suit-Kote, look at ALLYHEALTH as that free coupon. You have 24 hour 365 day access to board certified physicians free of charge for unlimited calls and for all your eligible dependents, even if they are not insured under the SuitKote medical plan. By using the ALLHEALTH telemedicine plan for non- 16 Suit-Kote Corporation If you have prescription(s) with PrimeMail with refills remaining after January 1, 2016, your prescriptions will automatically transfer to Express Scripts Home Delivery Pharmacy. You will not need to take any action. (Some specialty medications and compounds will require a new prescription before refill can be dispensed) Refills can be requested from Express Scripts Home Delivery Pharmacy beginning January 1, 2016. Ordering refills is easy; they can be ordered online, by phone or through the mail. You can use your PrimeMail prescription numbers to order your first refill with Express Scripts. Starting January 1, 2016 you can access forms online at Express-Scripts.com, or call Member Services at 1-855315-5220. You will be receiving additional information at your home about this change. Please look for this information and keep it handy. PLEASE NOTE: This change only impacts mail order prescriptions. If you are not currently using the mail order program, there will be no impact to you. BE A SMART CONSUMER If you or a covered dependent are taking a maintenance medication, the Express Scripts Home Delivery Pharmacy program will likely benefit you. Using the mail order program you will receive a 90 day (3 month) supply of medication for just 2 copayments after your deductible. HOUSE KEEPING ITEMS Flu Shots Suit-Kote conducted a Flu Clinic in October. If you have not received a flu shot we would encourage you to do so. Flu shots are NOT subject to the deductible under the SuitKote medical plan. They are paid 100% when administered by a participating provider. You may receive your flu shot at your physician’s office, Rite Aid Pharmacy and Wegmans to name a few. A Reminder on Preventive Health Care Services Preventive Services are NOT subject to the health plan deductible and covered at 100% so go ahead and schedule your preventive visits. Preventive Services include: • Well Child Visits • Adult Routine Physical Exams • Adult and Child Immunizations • Mammography • Pap Smear • Routine GYN Exam • Prostate Screening • Preventive Colonoscopy Lost or misplaced an ID card We can have your medical or dental ID card replaced and provide you a temporary ID card immediately while you wait for the new ID card to arrive. Update on access to Explanation of Benefits (EOBs) for Dental Plan. Effectively immediately, to request a copy of an EOB for dental claims processed prior to January 1, 2015 you must contact Member Services using the service phone number on your Dental ID card. Questions, Concerns or When in Doubt, Call Us The team at Falcone Associates, Inc. is here to assist you. Our staff will provide you with prompt, thorough and easy to understand answers to your benefit questions. We understand that your Suit-Kote benefits are important to you yet sometimes can be complex. Please call us, we are happy to help. What is my role in helping curb rising health care costs? We all have a part in helping curb rising health care costs. Taking better care of ourselves. Weight loss, stopping the use of tobacco products, exercise, better eating and nutrition habits all have a positive impact on health care costs, but more importantly, quality of life. Excellus offers many programs at no charge to help insured adopt a healthier lifestyle. Go to www.excellusbcbs.com FA LCO E A S S OC I A T E S I N C O R P O R A T E D 9011 Lodi Street • Syracuse, NY 13203 Phone 315-422-6128 • Fax 315-422-3746 Renee Guariglia Executive Vice President Project Co-Leader, ext: 239 [email protected] Bernard Gleeson Vice President Project Co-Leader, ext: 257 [email protected] Debbie Crouch, ACSR Employee Benefits Consultant, ext: 258 [email protected] Cindy Shepard Employee Benefits Consultant, ext. 242 [email protected] Sue Gardner Account Administrative Support, ext. 243 [email protected] Suit-Quotes Fall 2015 17 Planning for your Financial Future Investing in Your 20s Head or heart: How do and 30s: Millennials you make decisions? While the baby boomer generation Think Differently Staying socially and emotionally engaged may be key to investing for your future Millennials are often criticized in the press for putting off financial planning and being too risk-averse. According to a 2014 survey, millennials devote less than one-third (28%) of their portfolio to stocks and over half (52%) to cash, while non-millennials keep almost half of their portfolio (46%) in stocks and less than a quarter (23%) in cash. If you fit this picture, there may be a good reason you’ve put off saving and investing. For one, you’ve just witnessed the effects the Great Recession had on your parents. Or, like millions of other college grads, you may have thousands of dollars in student loans due. Saving may not be a priority. Staying out of the retirement savings arena is a decision that could significantly affect your quality of life down the road. Notwithstanding the economic recovery that began in earnest in 2009, 32% of 18- to 30-yearolds said they haven’t started investing in their retirement because they don’t know enough. And fully 42% claimed they didn’t have enough money to invest. A recent Wells Fargo study showed that most millennials put half their income toward paying off debt, with a roughly equal number claiming that they live paycheck to paycheck. 18 Suit-Kote Corporation grew up digesting streams of logicbased data and print media, the way that millennials absorb information and communicate is considerably different. According to Stanford Professor BJ Fogg, you may be wired to respond better to short, digestible videos on investing topics, directed one-task workshops, and more motivational approaches designed to inspire taking action. No matter your age, when investing, emotion plays a more important role than you may recognize. Some of our earliest memories of money inform our lifelong relationship with it. If you’ve talked to anyone who lived through the Great Depression, which completely destroyed 9 million savings accounts in three years, you will understand how risk-averse this group has been from a young age. While there are parallels between the Great Depression and Great Recession, you are likely to have very different response mechanisms to up and down markets than your parents or grandparents. Having grown up with social media, you probably have a support network in place. This helps to know you are not alone. But there are also innovative sources of retirement advice available online or that exist in less formal settings and are designed to be more relevant to the digital generation. Wherever you connect financially as a millennial, it’s important to find a more relaxed way of talking about retirement—one that instills confidence to take action. Rather than formalized financial education that you might get at a work meeting, you may enjoy interacting with others who are in a similar life stage, willing to share their knowledge of saving and investing. While no two investors are alike, fortunately, there are resources that can help in making complex decisions—like how much to save— easier. Nothing in this publication shall be construed as providing investment counseling or directing employees to participate in any investment program in any way. Please consult your financial advisor or other appropriate professional for further assistance with regard to your individual situation. Don’t Leave It to Your Ex: Update Your Beneficiary Designations One of the most important pieces of information on your retirement account is also one of the most overlooked — your beneficiary designation. If you’ve been married or divorced, had children, started a business, or suffered the loss of a spouse since setting up your retirement accounts, read on. Similar to a will, a beneficiary designation on your 401(k) or IRA legally defines how your assets will be distributed upon your death. The rules governing beneficiaries are different for 401(k) accounts and IRAs. Not naming a beneficiary on your account generally means that your assets will be paid to your estate and will be subject to probate. Some people name their spouse and children as beneficiaries, while others choose a charity or other entity, such as a trust. You should regularly review your beneficiary designation to ensure it is up-to-date, and share any changes with anyone who is helping you with estate planning to ensure that it meshes with your will. If you don’t know who you’ve named, review your current plan agreement, contact your plan administrator, or call your financial advisor or legal/tax professional. State Commits $8B TO MTA – NYSDOT Needs Equal Funding In October, Governor Cuomo committed the state to providing the Metropolitan Transportation Authority (MTA) with over $8 billion to close its five-year capital program funding gap. Suit-Kote along with other business and community leaders throughout the state called foul and demanded equal funding for the state’s roads and bridges. Politicians throughout the state have joined our call to restore “Parity” in funding between the MTA and Department of Transportation (DOT). For over two decades, the MTA and DOT five-year capital programs were equal in size (parity). Then, in 2010, when the Senate Republicans lost their majority for the first time in fifty years the MTA implemented a five-year capital plan that was $5 billion greater than the DOT’s plan. Road and bridge conditions throughout the state suffered because of this funding disparity - now is the time to restore parity to the two capital programs. History In the early 1990’s, the Governor and Legislature create the Dedicated Highway and Bridge Trust Fund (DHBTF) to pay for the DOT capital program and the Dedicated Mass Transit Trust Fund (DMTTF) to assist with the MTA and other transit system’s capital programs. At that time, upstate drivers were asked to have a portion of their gas taxes and auto fees directed toward the DMTTF. Today, upstate drivers pay nearly $300m annually to mass transit, about 90 percent of which goes to the MTA. In return for upstate drivers’ financial assistance it was agreed that the DOT and MTA’s five-year capital programs would be similar in size and would be negotiated simultaneously. Through 2005-09, both five-year capital programs were similar in size and adopted within months of each other. In 2010, the Senate Republicans lost control of the upper house. That same year the Executive and Legislature enacted a five-year capital program for the MTA, but not for the DOT. The entire Senate Republican Conference voted against the MTA five-year funding program with many siting the need to equally fund the DOT capital program when explaining their opposition. From 2010-14, the MTA’s capital program exceeded the DOT’s program by $5B billion the largest funding disparity since the dedicated funds were created. If there is parity, will the MTA and DOT capital programs be the same size? No. Parity is only considered between portions of the MTA’s capital program that are approved by the Capital Program Review Board (CPRB). The MTA’s 2015-19 overall capital program is about $29.1 billion while the portion that would go before the CPRB is $26.1 billion. The CPRB has three voting members; one appointed by the Governor, the Senate Majority Leader and the Assembly Speaker. For the CPRB to adopt the MTA’s capital program the vote must be unanimous. with the Governor and the Assembly calling for such a study be released before the 2015-16 budget was adopted. No needs study was ever released by the DOT, so NYMaterials and LADA, working with their industry partners, conducted their own five-year capital needs analysis for the agency which they calculated at $28 billion. The Time for Action is NOW! The MTA is receiving the state financial assistance it says it needs; it's time to restore parity between the MTA and the DOT to begin to address the critical state and local needs of our highways and bridges. The DOT needs at least an additional $8 billion five-year commitment from the state before they formally adopt the MTA capital program. In 1996, 1999 and 2004 the Senate Republican’s representative on the CPRB vetoed the MTA’s program to insure the mass transit capital program and the highway capital program would be considered jointly during the legislative budget process and that parity would be maintained. Ultimately the MTA and DOT both received similar size five year capital programs. 2015-19 Capital Programs Historically the Executive has allowed the DOT to release a five-year needsbased capital program request. In 2014, the Senate Republicans negotiated a Memorandum of Understanding (MOU) Suit-Quotes Fall 2015 19 Jerry Townsend Proves Heroes Wear Green It was Friday, August 30, 2013 when a call rang out putting every Suit-Kote employee’s biggest fear on display for the world to see. The call was to a 911 operator explaining a person was injured and trapped beneath a large piece of construction equipment. Rescue personnel were immediately dispatched and on their way to the scene. Witnesses gathered trying to help in any way they could, soon realizing they were practically helpless and would need to wait for the rescue team. The minutes waiting for the firemen and medical professionals to arrive seemed like hours and all anyone could do was take a moment to pray for the best possible outcome. What would take place after this moment to the present day is a story of tremendous bravery and a long road to recovery. On that Friday in August, Suit-Kote Roller Operator Jerry Townsend was doing what he did every day - operating his rubber tire roller. The crew was mobilizing to a new road that was to be surface treated. As Jerry steered the 50,000 pound machine down a hill, a hydraulic line ruptured, taking with it the ability to stop the roller. In the heat of the moment, Jerry Townsend had to let his instinct take over as he tried to direct the machine, now travelling about 60 mph, out of harms way. With oncoming traffic, Jerry did his best to steer the out of control roller away from motorists and eventually succeeded by making a sharp turn off the road into a ditch. At impact off the road, the roller climbed a slight embankment and flipped over on its side, trapping the hero underneath. To make matters even worse, the ditch was filled with enough water to complicate the rescue. Jerry Townsend, with his coworkers Chris Dean and Jared Jack scrambling to help, kept his head above water until help arrived. When emergency crews arrived they immediately requested assistance from the medical center to guide them through the rescue. Two trauma surgeons and a Lifeflight crew were dispatched from Forbes Regional Hospital to make sure every precaution was taken before removing the roller. 20 Suit-Kote Corporation Once the plan was decided, two tow trucks were used to pull the machine out of the ditch. Once it was clear of Jerry, the doctors moved in and started the vital life saving procedures until he was stable enough to be transported to the medical center. Jerry Townsend was placed in intensive care when he arrived at the hospital. He remained unconscious for three days. He sustained a long list of injuries: two fractured vertebrae in his neck; two fractured vertebrae in his back; nine broken ribs; a broken right clavicle; his pelvic bone broken in three places; a broken tibia and fibula in his right leg and has a rod in his right leg; and two broken toes in his right foot. Jerry would undergo a couple of surgeries and skin grafts and doctors used more than 150 staples to close his injuries. He spent 28 days in the hospital before returning home to complete his recovery. Fast forward to today - Jerry is back at work at Suit-Kote in Meadville, PA. He remains a hero and an example of the men and women who go out on the road every day, performing under pressure in the heat of the summer. What Jerry did on that tragic day in August was nothing short of miraculous. He sacrificed himself to save others from danger. He and his coworkers who sprang to action that day exemplify what Suit-Kote is all about. , Jerry Townsend Begins New Chapter It is hard to believe the accident happened a full two years ago, especially when you see Jerry working today. Jerry has recovered tremendously well. He is still attending physical therapy a few times a week and walks with the assistance of a cane. Jerry is currently our Meadville Distributor Dispatcher. Moving from a roller operator to a dispatch position is not an easy transition, but as you can probably tell, Jerry seems determined to meet whatever challenge is before him. A True Gentleman Retires after 43 Years There is an old saying, “actions speak louder than words.” No other statement sums up Larry Preston’s Suit-Kote career better. It all began on April 17, 1972 when Larry was hired to drive for Suit-Kote. He joined the Oneonta branch and at the time nobody could have predicted he would spend the next forty-three years of his life dedicated to the only professional family he would ever know. Many faces have changed over the years, but one has remained through the good times and the bad. Larry Preston is a humble professional who has always chosen to lead by example with a quiet and kind demeanor. Although he worried about the company and his co-workers, Larry always made those around him feel comfortable and confident in their roles. hard pressed to find one of them who does not consider him a dear friend to this day. He treated customers and employees like family. There was not much he wouldn’t do to help them in a time of need or offer encouragement when the job was difficult. In talking to those who know Larry best, a story emerged illustrating the kind of person he is. Ron Hughes remembers, “one time while I was operating a brand new distributor truck, a bar gasket broke spewing oil all over me. It was quite an unexpected mess, but Larry did not panic. Instead he quietly removed his shirt and handed it to me and then offered me a ride back to change and clean up. Right before I jumped in his truck I told him, I didn’t want to get asphalt all over his interior. Larry using that dry humor simply grinned and said, ‘well try not to then, but as you know we are in the asphalt business.’ This is only one story of many that will keep Larry in our hearts and minds for many years to come. Larry Preston has been there for Suit-Kote day in and day out for the last forty-three years. He has never complained and always performed his duties with the utmost integrity. He earned the respect of everyone who has ever come in contact with him and he will not be easily replaced. 2012 Oneonta Division Summertime Pig Roast. Larry @right seated next to his Father-in-Law (Niles) and across the table are Town of Milford Highway Superintendent and good friend Rick Atwell. We are sad to say goodbye to our friend and co-worker, but after such a successful career, we can be proud and happy for him and his family as he heads to retirement. We wish you the very best and if you get bored, remember there is always a place for you at Suit-Kote. We hope you enjoy life after Suit-Kote - you have earned it! Larry Preston spent his entire career putting Suit-Kote first just about every day. He was eager to get started early in the morning and did everything he could to make sure the needs of the customer and the safety of our workers were at the top of every day’s “to-do” list. After years behind the wheel of a distributor, Larry was chosen to lead Oneonta. As the General Manager he never lost sight of what it takes to get the job done. His leadership style was simple and reflected where he came from - “we are never late with the oil,” is what he used as his guiding principle. Larry understood that in order to remain at the top of the industry in his territory, Suit-Kote would have to attend to the little details and do them well. Scores of highway superintendents have come and gone during Larry’s tenure at Suit-Kote and you would be (from left to right) Ron Hughes, Bill Bellen, Larry, Bill Kelly, Jack Turner(back to camera), Jack’s retirement party. Suit-Quotes Fall 2015 21 Dick Schutz Closes the Door on a Successful Career By: Ryan DuBois In 1991, after 14 years at Goulds Pumps and 2 years at Hoffman Air & Filtration, Dick Schutz was looking for something different to do when an opportunity at Suit-Kote opened up. He, with the support of his wife Jane, decided to make a career change and become a member of the Suit-Kote family. Over the next 24 years Dick would establish himself as a hardworking, detail oriented and loyal Suit-Kote employee. Dick started within the Operations Division, but as the Company grew and continued to evolve, so too did Dick’s responsibilities. Eventually he would find himself responsible for managing the Company’s environmental, health and safety program. During his tenure at the helm of the environmental, health and safety program, Suit-Kote and the world we live in changed dramatically. The Company experienced significant growth and more than doubled the size of its workforce. They acquired and built a number of new facilities, while continuing to modify and enlarge older facilities. The Federal, State and local governments did their part by doing what they do best—creating thousands of laws to regulate private industry. However, one thing that always remained constant was Dick spending long days and nights in his office researching, analyzing and developing a plan to attack the next task on his to do list. Some of his days would be spent writing safety programs for employees to follow or investigating the most recent accident. Other days he would be preparing to appear in front of local town planning departments seeking approval to build facilities such as the Suit-Kote Terminal. And when environmental state agencies wanted to inspect our facilities for compliance, Dick would spend his day walking them around and showing them Suit-Kote was adhering to the regulations. Regardless of what he was working on, you always knew you were in reliable hands. When I asked Dick what the best part of his tenure at Suit-Kote was, he said, “The people, the Suit-Kote family. There was always a ‘can do’ attitude when it came to tackling any project or problem. Also, 22 Suit-Kote Corporation there was the forward-looking thought process of management, especially Frank Jr., to look for opportunities to grow the Company and help secure the future of all employees. I believe that my greatest accomplishments were in working with local municipalities in order to ensure that Suit-Kote could grow locally.” Dick will spend his retirement days in North Carolina attending NRA meetings, traveling to handgun shooting competitions, and writing outdoor/gun related articles for magazines (the guy really likes his guns!). But above all else, Dick will cherish spending time with his family, especially the newest addition, his granddaughter Brynley Stevens. On a personal note, I want to thank Dick for the guidance he has provided me and patience he has showed me over the last 6 years. I learned very quickly in my career that Dick had the knowledge I needed to successfully manage the environmental, health and safety program at Suit-Kote, I just needed a way to mine it out of him. From that point forward, I channeled my inner two year old and started to ask that common question two year olds tend to ask about everything…But why? To this day, the question should give Dick nightmares since I asked it so many times, but inevitably without hesitation, Dick would provide a detailed answer to the question. Thank you Dick. Lastly, on behalf of Frank and Paul and Suit-Kote employees both past and present, thank you for everything. You have positively impacted this Company and its’ employees over the last 24 years in more ways than anyone, including yourself, probably realizes. We wish you nothing but the best! If you have driven north or south on Interstate 81 between the Tully or Preble, NY exits you will no doubt notice the large Suit-Kote sign on the side of the building. It is hard to miss, even at night because the sign is the only light in the darkness. However, as you pass by your eye might catch another sign that reads “18.5 Trillion.” Many motorists have passed our facility and a great majority do so scratching their head wondering what that might actually mean. Our website has received emails asking for an explanation and others have offered their own commentary, rarely, if ever, getting it correct. If you have read to this point and you know what it stands for, congratulations, if you are still wondering, that is not so good. $18.5 trillion is the current national debt of the United States of America. The sign hanging on the Interstate 81 side of our Preble facility currently reads $18.5, but sadly when it was first put up a year ago, it read $17.8 trillion. We continue to update the sign each time the debt rises another $100 billion dollars which happens way more than one would think. Many have asked why we have this sign so prominently displayed where literally hundreds of thousands of motorists can see it each year? The answer can be easily delivered by Suit-Kote President and CEO Frank Suits, Jr. Mr. Suits first had the idea while driving when he saw a similar sticker on the bumper of the car in front of him. The sight of this simple sign really made him start thinking about exactly how much debt we have saddled the next several generations with because our government leaders refuse to make the hard decisions. “After driving home that day, I realized that bumper sticker made a difference and by a difference, it made me take a moment out of my day to reflect upon the need to do my small part to try and change the future,” said Frank Suits, Jr. “It was then that I came up with the idea of putting the sign up in Preble. If this sign would just get a fraction of the people to think about it for a minute or force those who do know what it means to figure it out it is well worth it.” Our country will eventually collapse under the weight of our national debt. Right now every man, woman and child in the United States share of this debt stands at $57,489. If you just look at those who actually pay taxes, their share is $155,200. At this rate our future will be owned by the likes of China and other countries who are willing to help us live above our means and use government as a tool to take from some and give to others. The purpose of this sign is to get you to think about it. Get you to do something about it. Get you to talk about it. Most of all it is to get you to CARE about it. Our future depends on getting this under control and we need the will to do it and that starts with you taking that first step! Suit-Quotes Fall 2015 23 1911 Lorings Crossing Cortland, New York 13045 (800) 622-5636 www.suit-kote.com 24 Suit-Kote Corporation
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