SRC Looks Ahead to Next Era of Growth

Employee-owners celebrate strong results while focusing on the leadership needed for future expansion.

For more than four decades, SRC has operated on a simple belief: ordinary people, given ownership, information, and a stake in the outcome, can achieve extraordinary things. That belief was on full display at SRC’s 2026 Shareholder Meeting on June 11, 2026, when more than four hundred employee-owners gathered, both in person and online, to celebrate another successful year, recognize the people behind the results, and look ahead to the opportunities—and responsibilities—that come with continued growth.

As SRC founder and CEO Jack Stack reminded the audience, ownership is about much more than stock certificates or financial statements.

“Ownership isn’t a stock certificate,” he said. “It’s a responsibility. It’s caring enough to understand the numbers, serve customers better than anyone else, and leave the company stronger than we found it.”

Building the Next Generation of Leaders

Throughout the evening, SRC highlighted the many ways it continues to invest in its people—from associate degree programs and leadership academies to tuition reimbursement and career development opportunities. These investments help employee-owners build their skills and prepare for greater responsibility across the organization.

Mike White, who will assume the role of Executive Vice President of Accounting and Finance following Laura Ruzicka’s retirement from that role and her transition to SRC’s Board of Directors, reflected on his journey at SRC. Over his 14 years with the company, White has held roles across multiple businesses and functions, gaining experiences he never imagined when he first joined the organization. Looking back, White said he hopes future employee-owners will have the same opportunities.

“I hope we can create a company that provides those opportunities, encouragement, and support to give people the chance to do things they didn’t think were possible,” he said.

That focus on growth and development is increasingly important as SRC looks ahead to ambitious plans for the future.

The Real Competitive Advantage

During the meeting, Krisi Schell, Executive Vice President of HR and an SRC board member, emceed a panel that introduced SRC’s employee-owners to several new leaders, including White, General Counsel Elizabeth Wente, and board member Jim Batten. Each shared their backgrounds and visions for SRC’s future. SRC President Tim Stack also reflected on the company’s recent sales and marketing meeting, held as part of its Great Game of Business High-Involvement Planning process. The team identified the most promising growth opportunities for the next five years. Their findings painted a picture of both opportunity and hard realities.

“The biggest strategic question for SRC is not whether we can find enough market opportunity,” Stack said. “The biggest strategic question for SRC is whether we can build leadership, sales, engineering, and technology capabilities fast enough to capture the opportunity. The opportunities are there. The capital is there. The challenge is ensuring the company has enough talented people ready to seize them.”

Few stories illustrate that idea better than Beverly Willis’s journey. She began her career at SRC as an accounting clerk and ultimately rose to become Vice President of Finance and a member of the Board of Directors. She is now retiring from the board but will remain a trustee for SRC’s employee stock ownership plan.

Jack Stack said that Willis’s journey shows what can happen when ownership is paired with a willingness to learn and to accept responsibility.

“In many organizations, people spend their entire careers waiting for an opportunity,” he said. “At SRC, people like Bev create their own opportunities. Extraordinary outcomes are possible when ordinary people commit to doing something extraordinary over time.”

It was a message for every employee-owner in the room: the next great SRC success story may already be among the audience.

A Strong Foundation for the Future

The shareholders’ meeting also highlighted SRC's financial strength. Despite a decline in sales in 2025, the company maintained strong profitability, invested more than $30 million in capital projects, reduced debt, increased cash reserves, and continued to invest substantially in employee benefits, retirement plans, and healthcare.

The company also announced a new stock price, up 7% from 2025, reflecting continued value and wealth creation for SRC’s employee-owners. Just as importantly, the company’s strong balance sheet provides options. It enables SRC to invest in facilities, pursue acquisitions, launch new ventures, weather economic uncertainty, and continue building opportunities for future generations of employee-owners.

Forty-three years after its founding, SRC remains committed to the principles that launched the company. As Jack Stack reminded employee-owners at the meeting, the future of SRC will be written the same way it always has been—not by a handful of executives, but by the people across the organization who choose every day to think and act like owners. The opportunities ahead are significant, and the challenge now is to develop the people who will seize them.

SRC’s current board members, as approved by SRC employee-owners on June 11, are:

• Jack Stack

• Krisi Schell

• Kitty Bingham

• Stephen Gray

• Barry Schaffter

• Tim Stack

• Laura Ruzicka

• Jim Batten

• Frank Steck (Emeritus)

• Chad Myers (Alternate)