Shareholders FAQ

If you still have a question please contact us directly

If you still have a question, please contact us directly from our contact page.

During our almost 50 years, PCV has had several Managers and with each, Key Employees left or retired. Each Manager is hired because they offer experience and skills that PCV needs at that time. Often these Team Members leave because of the introduction of new systems, technology, and processes. Change in business is inevitable, and the disruption it causes often brings both inconvenience and opportunity.

The Board reviews departures and hires during each Executive Committee meeting. These discussions focus on understanding why team members decide to leave or join our team. Annually our wages and benefits are reviewed and adjusted to keep PCV as a top employer in San Luis Obispo County. In 2022, starting wages were adjusted to be on the higher tier for our area. In 2023, we increased our 401(k) match to 5%, added a paid holiday and changed our policy to pay for jury duty. In addition, we have engaged a full-service HR team to contain risks and manage complex employee-related matters and help attract, retain, and motivate our team.

Neither the BOD nor GM can make changes to the Shareholder benefits. Shareholder benefits are
set forth in the Articles of Incorporation Bylaws and require 80% approval of the qualified voting
Shareholders to make any changes.

Article 8.4 of the Bylaws sets forth the authorization for the BODs to enter any contract or execute any instrument in its name and on its behalf, providing safety, health and environmental considerations and legal requirements have been adequately addressed. Article 9.3 of the Bylaws limits the authority of the BODs to sale, lease, convey, transfer, or dispose of all or substantially all the property and assets of this Corporation unless approved by 80% of the qualified voting Shareholders.

The Company is profitable & financially solvent. As in past years, the Company selects to invest its available working capital to enhance the facilities of the Resort. Current financials are assessable on the Security Exchange Commission website. A link can be found on our website in the Shareholder section.

Per the Articles of In Corporation, Section 9.3 Sale of Corporate Assets, the Board of Directors are bound to “No sale, lease, conveyance, transfer exchange or other disposition (except by way of hypothecation) of all or substantially all of the property and assets of this Corporation shall be made unless approved by the vote or written consent of the Shareholders entitled to exercise eighty percent (80%) of the voting power of this Corporation..”

Pismo Coast Village has launched a new website VisitPCV.com with a robust Shareholders section. The site provides links to financials, meeting minutes, Shareholder and Corporation documentation. The Operations Team will continue to improve this section, adding FAQ and other useful information.

We strive to provide an OSHA safe & healthy workplace as a Core Value. Our property has older coastal buildings that can develop environmental hazards which need to be remedied quickly & properly.

PCV’s second highest revenue department is RV Storage and the demand for storage continues to be exceedingly strong with a 300+ waiting list. The Company had an opportunity to purchase property at 255 N Oakglen Ave, Nipomo to develop a 155- site self-storage lot. This purchase allows for moving our current self-storage customers from H Lot and fill with store and tow customers from our waiting list.

Pismo Coast Village has no rights or jurisdiction over the creek. As a natural waterway the Coastal Commission overseas the creek.

Reservations which begin in Non-Prime Time & extend into Prime Time, with a few exceptions, can be made provided that the reservation begins at least five (5) days prior to the Prime Time without further reservations being required. Any reduction in the number of Non-Prime Time nights will cause the entire reservation to be canceled.

The Board of Directors have developed several avenues to communicate with them. Shareholders and Guests can email them at [email protected] , comment forms are available at the Reservations office or attend a Board Meeting.

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