Member Dividend Update
At the February MTM Board Meeting, the Board approved a $3.5M member dividend and instructed management/staff to implement the Board Resolution. Within two weeks of the Board meeting, member checks were cut. MTM staff has now completed two weeks of member dividend deliveries. While some of the dividends were mailed, we prefer to hand deliver as many as possible. The reason for this was to thank our members in person for their support of MTM. In the last two weeks, I have personally made 50 deliveries to members. I’ve been to places like Sterling Heights, Warren, Plymouth, Iron Mountain, Ludington, Muskegon, Grand Rapids, Jackson and Bad Axe. This is NOT a complete list of all the towns/cities I have visited.
I can report that no member was unhappy to see me. All of our member’s shops are busy, but not so busy as to say hello, accept a member check and take a picture. Attached are a few of the member pictures taken these last two weeks.
The Board, management, and staff continue to work hard to make these member dividends possible in the future. This is the third consecutive year for member dividends. And over the last three years, a total of $9.5 million has been returned to MTM members. We still have about two weeks left in the delivery cycle, so if you haven’t seen us, you are about to and we are looking forward to it.