A dozen board and staff members joined Kochheiser and NASDAQ officials to ring in the day, as EMC employees across the country watched via live satellite feed.
EMCI was formed in 1974 and became publicly held in 1982. EMCI is a controlled company in that its parent owns greater than 50 percent of its outstanding stock. As of Dec. 31, 2010, EMCI’s parent company, Employers Mutual Casualty Company, owned 61 percent of EMCI’s outstanding stock and public stockholders owned 39 percent. EMCI has no employees of its own.