PURPOSE OBJECTIVES COVERED

Local Ocean continued to provide meaningful direct financial benefit to employees through wages, overtime, and Additional Gratuity.

Average wages remained well above Oregon minimum wage, though earnings varied significantly by role.

Employee tenure remained steady and continued to compare favorably to the broader restaurant industry.

Full Monty attendance increased, showing stronger participation in all-staff communication.

Staff-focused events continued, including the pre-summer BBQ, After Summer DJ Dance Party, Fall Bake Off Competition, and Annual Christmas Party.

Employees continued to participate in TSC nominations, internal training, Culture Club, and other engagement opportunities.

Living wage attainment remained uneven across the company.

Employees in server and management roles were more likely to meet the living wage threshold than employees in other job codes.

Turnover was essentially unchanged from the prior year.

Average tenure was steady, which is positive, but also indicates no major improvement in retention.

No profit sharing was paid in 2025, which is a key gap relative to the Trust’s employee-benefit purpose objective.

Safety remains a serious concern, with injury rates still above benchmark.

Four safety committee meetings were held, but additional follow-through is needed to reduce preventable injuries and strengthen safety practices.

Living wage progress needs continued attention, especially for roles that do not benefit from server sales or management compensation structures.