Keep an Eye on Your SBR

The first Summary Business Review (SBR) showing 2017 YTD results was issued on March 3, 2017. We apologize for the delay as we worked with our IT department on a few system modifications. Here are a couple changes to pay attention to on the revised version of our SBR:

• You can track our 2017 Incentive Programs, including our new Seco Growth Incentive Program (replacing Seco First). As its name indicates, the new program is all about growth! You will get 5% back on all purchases (regardless of any product category) over the program target. The SBR also includes our Solid Tools First and Turning Incentive Programs, as well as our Goldstar Integrated Supply Conversion Program (if you chose to participate and selected target accounts for this program). Remember that our incentive programs are reserved for Goldstar distributors. Goldstar distributors will have to remain compliant with all our functional discount requirements through the year to be able to collect their payout on these incentive programs.
• Your co-op budget information is now divided into 3 categories on your SBR: total budget allotment, private catalog allotment and wearables allotment. Only 25% of your total co-op budget can be spent on private catalog (PTS , Travers etc…) or on wearables (hats, jackets, shirts etc…). We hope that showing you the breakdown of each portion of the budget will help you keep track of your co-op requests and funds.

For any questions regarding your Summary Business Review, our 2017 Incentive Programs or our co-op policy, please contact Anouck White or Scott Hecht.