In 1912, in a copper kettle at the Standard Candy Company at Clark & First Avenue in Nashville, TN, the world's first ever combination candy bar was invented: a mound of caramel, marshmallow nougat, fresh roasted peanuts and real milk chocolate. It's an iconic Southern tradition.
Standard Candy has been a client since 2006. Since that time, Standard Candy has significantly expanded their operations and tripled their workforce. A safe harbor plan design was implemented to assist with compliance considerations, as well as to provide a company benefit.
Having a stock option feature in their plan creates additional challenges. Dividend reallocations, a plant closing in Georgia and distribution restrictions on the stock payouts are just a few of the issues we have helped resolve. As Standard Candy continues to break new ground in the food industry, ARS is very excited to be on board.