2011 TMA Annual Convention - Turnaround Management Association

turnaround.org

2011 TMA Annual Convention - Turnaround Management Association

2011 TMA

Annual Convention

October 25-27 | San Diego, California

Hilton San Diego Bayfront

Attend the premier turnaround management,

corporate restructuring and distressed investing

conference, featuring keynote speaker Biz Stone,

co-founder of Twitter.

Early bird registration and hotel reservations deadline is September 26.

Register and reserve hotel rooms at turnaround.org.

I


II

The TMA Annual Convention provides

three days of invaluable education,

networking and deal-making

opportunities. This year’s event takes

place October 25-27 in beautiful

San Diego. The premier meeting for

turnaround management, corporate

restructuring and distressed

investing professionals, TMA’s 23rd

annual event opens the door to

new business opportunities and

partnerships by connecting you

with the industry’s key players and

decision-makers.


2011 TMA Annual Convention Highlights

Keynote Speaker Biz Stone, Twitter Co-founder

He has been named Nerd of the Year by GQ, one of the Most

Influential People in the World by TIME magazine, Entrepreneur

of the Decade by Inc. Magazine and one of Vanity Fair’s Top Ten

Most Influential People of the Information Age, but Biz Stone is best

known for over a decade of developing collaborative Web systems

freely accessed by hundreds of millions of people worldwide.

As a progenitor of the early social web, Stone became an Internet

entrepreneur in 1999 and went on to work for Google. Later, Stone

co-founded Twitter, which launched in 2006. In June 2011, Stone

co-founded The Obvious Corporation to focus on building systems

that help people work together to improve the world. He also is an

advisor to several companies and organizations ranging from tiny

startups and non-profits to publicly traded international companies.

Keynote Luncheon: The Bankruptcy Success-Modeling Project: An Update

Lynn M. LoPucki, Security Pacific Bank Distinguished Professor of Law at the UCLA Law School,

will instruct attendees on how to use the UCLA-LoPucki Bankruptcy Research Database. LoPucki

will explain what’s being collected, how the statistical modeling will be done, how TMA members

can participate and why he thinks it will produce a revolutionary new tool for turnaround

managers.

NEW! Workshops Offer Practical Insight from Industry Specialists

Experts from all corners of the turnaround industry share their first-hand knowledge and

demonstrate how you can apply this insight to your business in an intimate smaller group setting.

Topics include starting your own practice, performance improvement, applying unique aspects of

lending to technology companies, forensic accounting and social networking.

1


Additional Education Sessions & Topics

• Competing Plans in Chapter 11: Fleeting Fad or Permanent Fixture?

• Government Turnaround: Exploring Dimensions of Fiscal Stress Management in the Public Sector

• Rainmaking: Business Development for the Next Generation

• How to Restructure Small and Mid-size Businesses: Avoiding Pitfalls and Seizing Opportunities

• Joint TMA/ABI Session – How to Achieve a Successful Restructuring in Today’s Changing Legal

and Business Environment

Turnaround Management vs. Crisis Management

• The Art of Cross-Border Restructurings: Latin America and Beyond

• Four Industries to Watch in this Anemic Recovery – Healthcare, Media, Real Estate and the

Banking Sector

• Trends in Distressed Investing – The Evolution of Distressed Investing

• Advanced Education Session: “Ethical Challenges Occurring in Large, Mid-size and

Small Companies”*

• Body of Knowledge Courses & CTP Exams: Accounting & Finance, Law and Management*

*Additional fee required.

Opening Reception Aboard the USS Midway

Attendees are in for a unique experience when they board the USS Midway for the Opening

Reception. The longest-serving U.S. Navy carrier of the 20th century and once the largest ship in

the world, the USS Midway provides a spectacular networking atmosphere and lasting memory for

TMA’s 23rd annual event.

Additional Networking Opportunities

• Young Professionals Reception

• Women’s Networking Reception

• International Reception

• Wine & Cheese Exhibitor Reception

• Cocktail Reception in Exhibit Hall

• Numerous networking breakfasts, lunches and breaks

2


TMA Body of Knowledge

Courses and CTP Exams

Distinguish yourself from your peers and gain

a competitive edge by achieving the Certified

Turnaround Professional (CTP) credential.

Take a significant step toward achieving this

recognition by participating in the upcoming

TMA Body of Knowledge courses and CTP

exams in San Diego, October 23-25.

*Additional fee required.

Sunday, October 23

Accounting & Finance

Course: 9:00 a.m. - 4:00 p.m.

Exam: 4:30 p.m. - 7:00 p.m.

Monday, October 24

Management

Course: 8:00 a.m. - 3:00 p.m.

Exam: 3:30 p.m. - 7:00 p.m.

Tuesday, October 25

Law

Course: 9:00 a.m. - 4:00 p.m.

Exam: 4:30 p.m. - 7:00 p.m.

About the Turnaround Management Association

The Turnaround Management Association (TMA) is the premier

organization dedicated to corporate renewal and turnaround

management. With international headquarters in Chicago, more

than 9,000 TMA members in 47 chapters worldwide comprise a

professional community of turnaround practitioners, attorneys,

accountants, investors, lenders, venture capitalists, appraisers, liquidators, executive recruiters

and consultants, as well as academic, government and judicial employees.

TMA members adhere to a code of ethics specifying high standards of professionalism, integrity

and competence. The Certified Turnaround Professional (CTP) accreditation program recognizes

professional excellence and provides an objective measure of expertise related to workouts,

restructurings and corporate renewal.

follow TMA

3


Agenda

Sunday

October 23

9:00 a.m. - 4:00 p.m.

Body of Knowledge Course:

Accounting & Finance*

4:30 p.m. - 7:00 p.m.

Body of Knowledge Exam:

Accounting & Finance*

Monday

October 24

8:00 a.m. - 3:00 p.m.

Body of Knowledge Course:

Management*

3:30 p.m. - 7:00 p.m.

Body of Knowledge Exam:

Management*

4:00 p.m. - 6:00 p.m.

Executive Board Meeting**

6:00 p.m. - 7:00 p.m.

Board of Trustees Reception**

Tuesday

October 25

7:30 a.m. - 8:00 a.m.

Board of Trustees Breakfast**

8:00 a.m. - 9:30 a.m.

Board of Trustees Meeting

9:00 a.m. - 4:00 p.m.

Body of Knowledge Course:

Law*

9:30 a.m. - 11:30 a.m.

Chapter Presidents Meeting**

11:30 a.m. - 12:30 p.m.

Lunch - Executive Board,

Board of Trustees and

Certification Oversight

Committee**

12:30 p.m. - 2:30 p.m.

Certification Oversight

Committee Meeting**

2:30 p.m. - 4:30 p.m.

Advanced Education

Session: Ethical Challenges

in Large, Mid-size and Small

Companies*

4:30 p.m. - 7:00 p.m.

Body of Knowledge Exam: Law*

5:00 p.m. - 6:00 p.m.

Young Professionals Reception

All registrants ages 45 and

under encouraged to attend.

Sponsored in part by

Fennemore Craig, P.C.

5:00 p.m. - 6:00 p.m.

Women’s Networking

Reception

All women registrants

encouraged to attend.

5:00 p.m. - 6:00 p.m.

International Reception

All international registrants

encouraged to attend.

6:00 p.m. - 7:00 p.m.

Wine & Cheese Exhibitor

Reception

Co-sponsored by CRG Partners

Group; Hahn & Hessen LLP

and SSG Capital Advisors, LLC

7:15 p.m. - 9:00 p.m.

Opening Reception Aboard the

USS Midway

Co-sponsored in part by

Accord Financial, Inc.; Conway

MacKenzie, Inc.; LBC Credit

Partners, Inc. and William

Blair & Co.

Wednesday

October 26

7:45 a.m. - 8:30 a.m.

Continental Breakfast

Sponsored in part by Blank

Rome LLP

8:30 a.m. - 10:00 a.m.

Keynote Presentation: Biz

Stone, Twitter Co-founder

10:00 a.m. - 10:45 a.m.

Break in the Exhibit Hall

Sponsored by Winston &

Strawn LLP

10:45 a.m. - 11:45 a.m.

Concurrent Sessions

Competing Plans in Chapter

11: Fleeting Fad or Permanent

Fixture?

4


Government Turnaround:

Exploring Dimensions of Fiscal

Stress Management in the

Public Sector

Rainmaking: Business

Development for the Next

Generation

10:45 a.m. - 11:45 a.m.

Workshop: I Tweet Therefore I

Am. Social Media: Nonsense,

Nuisance or Necessity?

11:45 a.m. - 1:00 p.m.

Awards and Lunch

1:00 p.m. - 2:00 p.m.

Keynote Luncheon: Lynn M.

LoPucki, Security Pacific Bank

Distinguished Professor of

Law, UCLA Law School

Co-sponsored in part by

AlixPartners, LLP and

Ernst & Young LLP

2:15 p.m. - 3:15 p.m.

Concurrent Sessions

How to Restructure Small

and Mid-size Businesses:

Avoiding Pitfalls and Seizing

Opportunities

Trends in Distressed Investing

– The Evolution of Distressed

Investing

2:15 p.m. - 3:15 p.m.

Workshop: Brainier Strategies

for Working with and Working

Out Technology Companies

3:15 p.m. - 4:00 p.m.

Break in the Exhibit Hall

Sponsored by BDO Consulting

4:00 p.m. - 5:00 p.m.

Concurrent Sessions

Joint TMA/ABI Session - How

to Achieve a Successful

Restructuring in Today’s

Changing Legal and Business

Environment

Turnaround Management vs.

Crisis Management

4:00 p.m. - 5:00 p.m.

Workshop: You’re in Charge:

Where Do All Those Wires Go?

A Technology and Forensics

Perspective

5:00 p.m. - 6:30 p.m.

Cocktail Reception in the

Exhibit Hall

Sponsored in part by

Protiviti Inc.

6:30 p.m.

Corporate/private dinners may

be scheduled at this time

Thursday

October 27

8:30 a.m. - 9:15 a.m.

Continental Breakfast

9:15 a.m. - 10:15 a.m.

The Art of Cross-Border

Restructurings: Latin America

and Beyond

9:15 a.m. - 10:15 a.m.

Workshop: Developing a

Performance Improvement

Toolkit: Effectuating the Art of

the Turnaround

10:15 a.m. - 10:45 a.m.

Break in the Exhibit Hall

10:45 a.m. - 11:45 a.m.

Four Industries to Watch

in this Anemic Recovery:

Healthcare, Media, Real Estate

and the Banking Sector

10:45 a.m. - 11:45 a.m.

Workshop: So You Want to be

the Boss: Tips and Stories to

Consider before Starting Your

Own Practice

11:45 a.m.

TMA Annual Convention

Concludes

General Session

Concurrent Session

Workshop

Reception

As of August 22. Subject to

change. Visit turnaround.org for

the latest agenda. All events take

place at the Hilton San Diego

Bayfront unless otherwise noted.

* Indicates separate fee applies.

** Indicates invitation-only.

Note: Conflicting events may not

be scheduled during TMA Annual

Convention hours.

5


Advanced Education Session

Tuesday | 2:30 p.m. - 4:30 p.m.

Ethical Challenges Occurring in Large,

Mid-size and Small Companies

Certified Turnaround Professionals (CTPs)

face ethical challenges on a frequent basis.

Panelists will present several scenarios which

raise ethical concerns and describe how CTPs

operating within a large, mid-size or small firm

may respond.

Additional fee required. Ethics credits will

be available.

Objectives

At the conclusion of the session, attendees will

be able to:

• Identify circumstances that may affect how

a firm approaches an ethically-charged

dilemma

• Understand Rule 2014 disclosures

Panelists

John “Jack” W. Butler, Jr., Skadden, Arps, Slate,

Meagher & Flom LLP

Judge Kevin Carey, U.S. Bankruptcy Court,

District of Delaware

Michael A. Feder, CTP, AlixPartners

Ted Gavin, CTP, NHB Advisors

Melissa S. Knoll, CTP, Mesirow Financial

Consulting LLC

Education Session descriptions

Wednesday | 10:45 a.m. - 11:45 a.m.

Competing Plans in Chapter 11:

Fleeting Fad or Permanent Fixture?

The unique situation of competing plans

creates a confirmation dynamic very different

from the typical one-plan confirmation

battles between various parties in interest.

As demonstrated by the bankruptcy cases to

be discussed (Suncal, Lehman and Fremont

General), very different strategic choices

and financial considerations arise for the

plan proponents/investors, their attorneys,

their financial advisors and their turnaround

consultants. Is there too much money chasing

too few distressed opportunities or are the

competing plans actually unlocking previously

ignored value?

Objectives

At the conclusion of the session, attendees will

be able to:

• Spot the tactical and financial choices a

potential competing plan proponent should

consider before becoming involved

• Identify the type of strategic coalitions that

should be considered when seeking support

for a competing plan and what coalitions may

arise against a competing plan

6

• Recognize the different dynamics involved

with a debtor-in-possession plan, a

committee plan, a Chapter 11 trustee plan,

and a third party proponent plan

Moderator

Tom Howley, Jones Day

Panelists

Jeff Cate, Hayman Capital Partners, LP

Don Royer, Opus Bank

John Schafer, Manderson Schafer &

McKinlay LLP

Steven Speier, CPA, American Spectrum

Realty Management

Government Turnaround: Exploring

Dimensions of Fiscal Stress

Management in the Public Sector

The public sector in the U.S. and around

the world is experiencing an unprecedented

level of fiscal stress due to falling or stagnant

revenues and increasing costs. This challenge

represents one of the new frontiers for

turnaround planning and management. In

particular, strategies deployed in the private


sector may not be directly transferable or

require significant modification. The public

sector is driven by transparency, process and

finance rules with significant consequences for

turnaround management. This session brings

together experts with on-the-ground experience

in situations including Michigan government

turnaround training and the Detroit Public

Schools and Harrisburg, Pa. turnarounds.

Objectives

At the conclusion of the session, attendees will

be able to:

• Identify key operational differences between

the public and private sector

• Understand the fiscal stress facing state and

local government

• Distinguish potential opportunities for

engaging in government turnaround

management

Moderator

Eric Scorsone, Michigan State University

Panelists

Shayne Kavanaugh, Government Finance

Officers Association

Richard Levin, Cravath, Swaine & Moore LLP

Ed Plawecki, Stout Risius Ross (SRR)

Workshop: I Tweet therefore I Am.

Social Media: Nonsense, Nuisance or

Necessity?

This social networking workshop will provide a

hands-on interactive guide to social networking

for professionals. The workshop will compare

and contrast the use and efficacy of networking

tools such as LinkedIn, Facebook and Twitter

for the turnaround industry, utilizing the diverse

perspectives of a social media consultant,

a communications expert who works with

distressed companies and a TMA member who

uses social media effectively to communicate

with colleagues and potential clients.

Objectives

At the conclusion of the session, attendees will

be able to:

• Understand how and why social media

can help your business and business

development efforts

• Distinguish actual versus perceived risks

created by the transparency, transience and

About the New Workshops

Workshops are geared toward a smaller, more

interactive audience. Members of the audience

will engage with the panelists to speak openly

and candidly about the topic, creating a

practical discussion of the topic. This format

was chosen to promote the sharing of ideas and

networking in a smaller group on specific topics.

permanence of different social media

• Examine real-life examples of effective social

media use and explore what professional

service firms and practitioners can expect

Moderator

Nellwyn Voorhies, Kutzman Carson

Consultants LLC

Panelists

Jennifer E. Mercer, Van Meter Consultants

Omar Mirza, Ernst & Young Capital

Advisors, LLC

Eric Pinckert, Brand Culture Company

Rainmaking: Business Development

for the Next Generation

Every professional has at one point been new

to their profession. Why do some succeed in

developing business while others struggle? In

this session, nationally recognized speakers

will share their personal experiences, which

have enabled them to rise to the top, and set

out a career map for transitioning from a junior

position to a leading rainmaker in their firm.

Attendees will learn how to maximize business

relationships, build their personal brand and

capitalize on opportunities while avoiding the

common pitfalls of business development.

Moderator

TMA Young Professionals Committee

Speakers

Lawrence Klaff, GB Merchant Partners

Lorenzo Mendizabal, Epiq Systems Inc.

Nancy A. Peterman, Greenberg Traurig LLP

John R. Rizzardi, Cairncross & Hempelmann PS

7


Wednesday | 1:00 p.m. - 2:00 p.m.

Keynote Luncheon: The Bankruptcy

Success-Modeling Project: An Update

The Bankruptcy Success-Modeling Project is

an effort to bring statistical modeling to bear

on the bankruptcy-turnaround process. With

funding from the endowments of the TMA, the

National Conference of Bankruptcy Judges and

the American Bankruptcy Institute, the UCLA-

LoPucki Bankruptcy Research Database has

data collection under way. Lynn M. LoPucki,

who heads the project for the UCLA School of

Law, will explain what’s being collected, how

the statistical modeling will be done, how TMA

members can participate and why he thinks

it will produce a revolutionary new tool for

turnaround managers.

Wednesday | 2:15 p.m. - 3:15 p.m.

How to Restructure Small and Midsize

Businesses: Avoiding Pitfalls and

Seizing Opportunities

Troubled small and mid-size businesses can

be fixed and thrive. Hear from the people who

do the fixing about how prudent planning, hard

choices, a dose of capital and picking the right

restructuring forum help to get the job done.

Objectives

At the conclusion of the session, attendees will

be able to:

• List the dynamics of working with what are

often closely held family businesses

• Review considerations for deciding whether

to pursue a small or mid-size turnaround

through bankruptcy, receivership, ABC or out

of court

• Develop business referral opportunities while

working in this space

• Identify methods to deliver value quickly on a

limited budget

• Identify when it might be best to walk away

from these opportunities

Moderator

Sara Chenetz, Blank Rome LLP

Jeffrey A. Jones, CTP, Barrier Advisors Inc.

Judge Margaret Mann, U.S. Bankruptcy Judge,

Southern District of California

Trends in Distressed Investing –

The Evolution of Distressed Investing

Distressed investors often look to practitioners

for assistance in sourcing and executing

“storied” and/or “distressed” transactions

and, in many cases, assistance in fixing the

business. The deal process for acquiring

troubled businesses has evolved a great deal

in the recent cycle – to more frequently mean

acquiring distressed debt and converting to

control equity, as well as pre-planned 363

processes sanctioned by lenders/banks. The

panelists will discuss what has been different

about this cycle from previous cycles for

distressed investors and what strategies will

dominate distressed investing going forward.

Objectives

At the conclusion of the session, attendees will

be able to:

• Identify the most attractive sectors for

distressed investors in the next 12-18

months

• List where TMA practitioners should focus

their services offerings

• Identify what financial sponsors (LPs and

PE funds) look for when investing in a

underperforming, storied or distressed

situation

• Know how best to access the LP and

PE sponsor community to achieve best

outcomes when a turnaround situation

requires additional capital

Moderator

Howard Brownstein, The Brownstein

Corporation

Panelists

John Barger, LACERA

Duran Curis, Ocean Avenue Capital Partners

Frank Hayes, Wynnchurch Capital

Aja Whitaker-Moore, Debtwire

Phil Tseng, Tennenbaum Capital Partners, LLC

Panelists

Mark Barbeau, Renovo Capital

James J. Downes, CTP, BBK Ltd

8


Workshop: Brainier Strategies for

Working with and Working Out

Technology Companies

High technology companies don’t only make

more complex products – their financing and

restructuring needs are also more complex.

This program will focus on the unique aspects

of funding technology companies, as well as

the challenges involved in restructuring these

investments. The panelists have experience

within all aspects of the financial evolution of

technology companies with founding, lending

and consulting backgrounds in this area.

Objectives

At the conclusion of the session, attendees will

be able to:

• Understand current market dynamics of

lending into technology

• Understand relevant features of financing

businesses in technology vs. traditional

sectors

• Identify restructuring and workout risks

unique to technology companies

Moderator

Howard Bailey, Bailey, Elizondo &

Brinkman LLC

Panelists

Steven Macko, Wells Fargo Capital Finance

Brian Sagi, CERIAN

Wednesday | 4:00 p.m. - 5:00 p.m.

Joint TMA/ABI Session: How to

Achieve a Successful Restructuring

in Today’s Changing Legal and

Business Environment

With courts issuing landmark bankruptcy

opinions on a regular basis and a market that

seems poised to change dramatically if any one

of a number of potential crisis events occurs,

today’s bankruptcy professional and distressed

investor must be up to speed on the latest

news to advise clients effectively and structure

deals that have the greatest chance of success

to achieve our ultimate goal -- successful (and

ideally consensual) plan confirmation.

Panelists will discuss how the latest

developments have played out in cases all

over the country and how they will affect the

restructuring matters in which you are involved.

Panelists also will discuss current topics which

may include: a.) The aftermath of Stern v.

Marshall: Narrow jurisdictional point or major

practice-changing bombshell? b.) The latest on

credit bidding and valuation; c.) Gifting plans

– RIP 2011? d.) What does it take to get a

release under a plan these days?

Objectives

At the conclusion of the session, attendees will

be able to:

• Discuss impact of latest business and

market developments on plan confirmation

process

• Provide tips for success in navigating these

latest issues

Moderator

Ronit Berkovich, Weil, Gotshal & Manges LLP

Panelists

Peter Gilhuly, Latham & Watkins LLP

Frank Merola, Jefferies & Company Inc.

Nancy A. Peterman, Greenberg Traurig LLP

Judge Gregg Zive, U.S. Bankruptcy Court,

District of Nevada

Turnaround Management vs.

Crisis Management

As the U.S. economy continues to (slowly but

surely) expand, and as financing markets

have essentially returned to pre-Lehman crisis

levels, restructuring/turnaround professionals

need to re-tool and re-direct their professional

development to non-crisis, non-bankruptcy

opportunities. Crisis management and

restructuring processes, while not uncommon

in a turnaround, are only a subset of

turnarounds as a whole.

A multi-disciplinary panel will provide examples

of their experiences in successfully creating

value for a business over time – not the

relatively short duration of a refinancing or

restructuring – and discuss how, even in deeply

distressed situations, post-crisis value creation

is the most important phase of corporate

renewal and turnaround management.

Objectives

At the conclusion of the session, attendees will

be able to:

• Identify different tools for turnaround plan

9


development and philosophies employed for

different parts of the turnaround

• Understand that turnaround management

is closely related to change management,

transformation management, postacquisition/post-merger

integration

management and high growth situations

• Recognize that decision-makers (referral

sources) can be different depending on the

situation and assess what potential clients

are really looking for from their advisors in

crisis vs. turnaround situations

Moderator

Duncan Bourne, Wynnchurch Capital

Panelists

Scott Avila, CTP, CRG Partners Group LLC

Chris Gardner, Vitesse Semiconductor

Tim Hassenger, Conway MacKenzie

Workshop: You’re in Charge: Where

Do All those Wires Go? A Technology

and Forensics Perspective

This session will focus on best practices for

dealing with technology when assuming control

of a distressed company. Understanding the

applications, network and data of a company

in distress is like unraveling a carpet while

you’re standing on it. Pull the wrong thread

and you get a bare spot and cause a trip

and fall. Panelists will discuss how to triage

the situation, gather information needed to

decide what systems are critical, what should

be preserved to meet legal or regulatory

requirements, and to minimize risk along the

way.

Objectives

At the conclusion of the session, participants

will be able to:

• Develop strategies for keeping critical

systems up, shutting down the non-essential

and preserving the past as needed

• Understand the relationship between

applications, networks, “the cloud” and the

role of service providers

• Mitigate technology risk including loss of

sensitive data and IP

Moderator

Ken Yager, MorrisAnderson

Panelists

Eric Matrejek, PricewaterhouseCoopers

Thursday | 9:15 a.m. - 10:15 a.m.

The Art of Cross-Border

Restructurings: Latin America

and Beyond

The session will focus on recent developments

and cases in cross-border restructurings with a

focus on Latin America. Panelists will discuss

the challenges and recent trends in the crossborder

restructuring process, highlighting the

differences among countries and drawing

comparisons to U.S. restructurings.

Objectives

At the conclusion of the session, attendees will

be able to:

• Understand the key factors in successfully

managing a cross-border restructuring

• Recognize the changed cross-border

restructuring and insolvency landscape

• Identify the differences and parallels

between restructurings in the U.S., Latin

America and other countries

• Identify the risks and opportunities inherent

in distressed investing in Latin America

Moderator

Janine Cerbone, Hahn & Hessen LLP

Panelists

Henry Hsu, The Blackstone Group

Christopher Jarvinen, Berger Singerman

Salvatore Milanese, KPMG Corporate Finance

David R. Williams, Ernst & Young LLP

Workshop: Developing a Performance

Improvement Toolkit: Effectuating the

Art of the Turnaround

This session will focus on sharing practical

techniques for improving operational

efficiencies and profitability in a restructuring

environment, including the concepts of lean,

supply chain management and translating

targeted results into cash flow. Attendees will

hear practical perspectives on how companies

can attain new levels of cost efficiencies and

profitability when entrenched management has

accepted the status quo.

10


Objectives

At the conclusion of the session, attendees will

be able to:

• Understand the meaning of lean and how it

applies in a restructuring environment

• Apply techniques for measuring and

monitoring performance improvement, and

translating targeted actions into cash flow

• Identify opportunities for creating new value

when management loses its way

• Access a framework for looking at

restructuring situations to attain

fundamental cost structure improvements

Moderator

George Blanco, Avant Advisory Group

Panelists

Anthony J. Gerbino, Grant Thornton LLP

Howard Mikytuck, General Electric Company

Thursday | 10:45 a.m. - 11:45 a.m.

Four Industries to Watch in this

Anemic Recovery – Healthcare,

Media, Real Estate and the

Banking Sector

Four experts share their industry perspective

on what to look for over the next six months.

The session will focus on panel members’

observations regarding recent trends and

developments in four troubled industries:

healthcare, media, real estate and the banking

sector. Panel members will also forecast issues

these industries will face in the coming years.

Objectives

At the conclusion of the session, attendees will

be able to:

• Understand the state of these four industries

• Identify risks and threats inherent in these

industries

• Distinguish prospective opportunities

• Identify strategies for helping troubled

companies in these sectors

Moderator

Jeffrey R. Manning, CTP, BDO Capital

Advisors, LLC

Panelists

Gary Adelson, NHB Advisors Inc.

John Hamel, Roth Capital Partners

Ronald F. Greenspan, FTI Consulting

Daniel T. McMurray, Focus Management Group

Workshop: So You Want to be the

Boss: Tips and Stories to Consider

before Starting Your Own Practice

Join us for a roundtable discussion related

to the experiences of four practitioners that

struck out on their own to form a new practice.

This interactive conversation will cover the

basics, pros, cons and general lessons learned

by people that made a new practice work. If

you’ve ever wanted to start your own practice,

have a friend that’s considering it or working

across the table from someone who is, this

lesson is just what you are looking for. Be

prepared to participate as this session will

be highly focused on the audience, not just

listening to a panel.

Objectives

At the conclusion of the session, attendees will

be able to:

• Know some of the risks and opportunities

that should be considered if thinking about

starting your own practice

• Have some tips on “best practices” for

people that have been there and done that

• Know some of the technical things required

(insurance, taxes, office-space) to start your

own practice

• Have an appreciation for what some of these

practitioners are doing and going through if

you are working with or across the table from

them in a certain matter

Moderator

Larry Perkins, Conway MacKenzie

Panelists

Thomas Kim, CTP, r 2 Advisors, LLC

Chris Manderson, Manderson Schafer

& McKinlay LLP

Pat O’Keefe, CTP, O’Keefe & Associates

Consulting LLC

11


Continuing Education Credit

Educational sessions at the 2011 TMA Annual Convention provide an overview of topics relevant

to the practice of corporate renewal and corporate and financial deal-making. There is no

prerequisite or advance study necessary to attend the conference or to qualify for continuing

education credit. The conference is a “group-live” educational offering.

CPE

Accountants may earn a maximum of 9.5 hours of CPE (based on a 50-minute

hour) for conference attendance. The Turnaround Management Association

is registered with the National Association of State Boards of Accountancy

(NASBA) as a sponsor of continuing professional education on the National

Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance

of individual courses for CPE credit. Questions regarding registered sponsors may be addressed

to The National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN

37219-2417 or by visiting www.nasba.org.

CTP

CTPs may earn a maximum of 9.5 hours of credit (based on a 50-minute hour)

for conference attendance. TMA will automatically update CTP records to reflect

attendance at the conference.

CLE

Attorneys may earn a maximum of 8 hours of credit (based on a 60-minute hour) or 9.5 hours of

credit (based on a 50-minute hour) for conference participation. The final calculation of available

CLE hours is subject to the individual state bars’ determination of credits. Applications to

individual state bars are pending.

Request Forms

Request forms for CPE and Certificate of Attendance are available at the TMA Registration Desk

and must be completed before a certificate can be issued (certificates will be issued following the

conference).

Sign-in Sheets

In compliance with NASBA requirements for accredited providers of CPE, attendees seeking CPE

credit must sign in and out of all educational sessions. Sign-in sheets will be at the entrance of

each session and monitored by TMA staff. TMA is unable to fulfill a certificate for attendance

request if the hours of attendance indicated on the request form differ from the session sign-in

sheets.

Note: TMA is unable to provide continuing education credit until all conference registration fees are

paid in full.

12


2011 TMA Annual Convention

Planning Committee

David McReynolds, Co-Chair

Twin Haven Capital Partners LLC

Omar Mirza, Co-Chair

Ernst & Young Capital Advisors, LLC

Brad Coulter, CTP,

TMA Vice President of Conferences

O’Keefe & Associates Consulting LLC

Maria D. Arnaoudona

Alvarez & Marsal

Ronit J. Berkovich

Weil, Gotshal & Manges LLP

George P. Blanco

Avant Advisory Group

Noel R. Boeke

Holland & Knight LLP

Duncan S. Bourne

Wynnchurch Capital

Janine Cerbone

Hahn & Hessen LLP

Sara L. Chenetz

Blank Rome LLP

Laurel E. Davis

Fennemore Craig, P.C.

Tom A. Howley

Jones Day

Michael E. Imber

Grant Thornton LLP

Jeffrey R. Manning, CTP

Capital Advisors, LLC

K. Kevin Otus

Emerald Technology Valuations, LLC

Lawrence R. Perkins

Conway MacKenzie

Harrison L. Price

Barrier Advisors

Eric A. Scorsone

Michigan State University

Nellwyn Voorhies

Kutzman Carson Consultants, LLC

Kenneth R. Yager

MorrisAnderson

13


General Information

Registration Fees

Registration fees include education sessions, meals and social functions. Events are not

prorated. To attend any portion of the convention, you must register for the entire conference

at the appropriate registration fee. The registration fee allows admission for one individual only.

Registrations may not be shared. Each registered attendee will receive a name badge at the

conference that must be worn for admittance into all events.

Fees

North

American

Members

International

Members

Non-

Members

Academic/

Government

Early Bird Registration

Before Sept. 26

Advance Registration

Sept. 26 - Oct. 17

$995 $745 $1,395 $550

$1,120 $745 $1,520 $675

Onsite Registration $1,245 $745 $1,645 $800

Advanced Education

Session

$125 $125 $125 $125

Registration List Deadline/Distribution Policies

To ensure your inclusion on the registration list that is distributed onsite, your registration form

and payment must be received at TMA International Headquarters by 11:59 p.m. Central on

Monday, October 17. Registered attendees will receive an advance copy of this list via e-mail

approximately one week prior to the convention. Following the convention, a final registration

list will be e-mailed to all registered attendees. The final registration list will include the names

of all conference attendees, including those individuals who registered after the October 17

registration list deadline.

14


Cancellation Policy

Notification of cancellation must be submitted in writing (e-mail is acceptable). Cancellations

will not be reviewed or processed until they are received in writing. Phone cancellations are

not accepted. Cancellations received on or before Wednesday, October 12, will be refunded as

follows:

• Entire Convention Cancellation: Attendee will receive a refund for the total cost of convention

less a $250 processing fee

• Spouse/Guest Full Registration Cancellation Only: Attendee will receive a refund for the

spouse/guest full registration less a $150 processing fee

• Advanced Educational Session: Attendee will receive a refund for the cost of the session less a

$25 processing fee

Refunds will be issued following the convention, no later than November 21. Cancellations

received after October 12 will not be refunded. This includes the entire convention registration

and/or any portion of the registration. TMA does not issue credits for future conferences. Please

note that if you register for the convention after these cancellation dates have passed, you

will not be eligible for any type of refund. These cancellation policies apply to all individuals,

regardless of when the registration form is submitted.

Substitution Policy

Substitutions are permitted. Substitutions must be submitted in writing (e-mail is acceptable) for

TMA consideration. Phone substitutions are not accepted. Please note that substitutions made

after Friday, October 14 may not be reflected on the registration list. The substitute must be from

the same firm as the original registrant and the substitution notice must contain accurate contact

information for the new registrant; otherwise, TMA cannot guarantee an accurate listing on the

registration list. Substitute registrants with different membership status and/or registration

category will be invoiced the difference in registration fees.

Attire

Recommended attire for education sessions and social functions is business casual.

NEW! Annual Convention App

Sponsored by Gordon Brothers Group

TMA is introducing a new Annual Convention app to enhance

networking and education for attendees and exhibitors. In addition

to providing complete convention details at your fingertips, including

session information and handouts, the app allows you to schedule

meetings with other participants and will continue to be a resource

after the convention has ended.

Free Wi-Fi

Sponsored by Grant Thornton LLP

To help you stay connected throughout the conference, TMA

is providing complimentary Wi-Fi service in the TMA Annual

Convention meeting area.

15


Hotel Reservations

About the Hilton San Diego Bayfront

Rising 30-stories above the edge of San Diego Bay, the Hilton San Diego Bayfront hotel is

downtown San Diego’s newest waterfront hotel. Fusing a dynamic waterfront location, sun and

sea-inspired design and casually sophisticated vibe, the conference hotel opens a front-door

to San Diego’s vivacious waterfront, providing unparalleled views of the bay and convenience

to everything downtown San Diego has to offer—and is only minutes from the San Diego

International Airport (SAN).

It also is steps from downtown’s Gaslamp Quarter and East Village, Petco Park and many other

entertainment and recreational amenities as well as world-class shopping and dining. The

waterfront literally laps at the hotel’s steps, from a dramatic bayfront entryway to stunning views

from the lobby and the guest rooms.

Reservation Information

Online Reservations turnaround.org

Phone Reservations 800-445-8667

Discounted Room Rate $239 plus local taxes and fees (currently 10.64 percent and 2

percent San Diego Tourism Marketing District assessment)

Reservation Group Name TMA Annual Convention 2011

Reservation Group Code TMAC

Reservation Deadline Monday, September 26

TMA encourages you to make your reservation early, as the hotel and discount block may sellout.

After September 26, reservations will be accepted on a space-available basis and higher rates

may apply.

16


TMA 2011 Partners

TMA is pleased to partner with the following companies whose support allows TMA

to offer programs and services of the highest quality to the turnaround, corporate

restructuring and distressed investing industry. Partnerships provide year-round

support for the association while giving partner companies a competitive advantage

through business development activities, branding and accessing target markets.

Elite Partner

Advantage Partners

17


Annual Convention Sponsors

TMA thanks our sponsors for their generous financial support of the 2011 TMA Annual Convention:

®

®

BDO CONSULTING

18


THE MERIDIAN GROUP

Restructurings • M&A • Corporate Finance

Additional Sponsors

In addition to those sponsors listed in the agenda on pages 4-5, the following sponsors also have

generously provided support for the 2011 TMA Annual Convention:

Bank of America Merrill Lynch

Carl Marks Advisory Group

Crystal Financial

Deloitte Financial Advisory Services LLP

Grant Thornton LLP

Hilco

The Meridian Group

Tucker Arensberg PC

Skadden, Arps, Slate, Meagher & Flom LLP

Hotel Room Keys

Lanyards

The Wall Street Journal Room Drop

The Wall Street Journal Room Drop

Wi-Fi Access

Pocket Agenda

Exhibit Hall Shopping Bags

Exhibit Hall Shopping Bags

Program Book/

Educational Material Downloads

Become a Sponsor

If you are interested in sponsorship opportunities, please contact Joseph Karel at 312-578-2028

or jkarel@turnaround.org.

19


Cornerstone Program Donors

Cornerstone Capital Donor

$100,000 and above

Bank of America Business Capital

Gordon Brothers Group, LLC

Huron Consulting Group

Cornerstone Donor

$75,000–$99,999

CIT

Leadership Donor

$50,000–$74,999

Abacus Advisors Group LLC

BBK

Deloitte Financial Advisory Services LLP

DrinkerBiddleGardnerCarton

Realization Services, Inc.

Skadden, Arps, Slate, Meagher &

Flom LLP

Sustaining Donor

$25,000–$49,999

Anderson Bauman Tourtellot Vos

Bank of America Commercial Finance

Buccino & Associates, Inc.

Cooley LLP

Executive Sounding Board

Associates Inc.

FTI Consulting, Inc.

GoIndustry DoveBid

Mesirow Financial Consulting, LLC

MorrisAnderson

NHB Advisors, Inc.

Prime Locations LLC

The Scotland Group, Inc.

Wachovia Capital Finance

Wells Fargo Business Credit, Inc.

Benefactor Donor

$10,000–$24,999

AEG Partners, LLC

AlixPartners, LLC

Atlas Partners, LLC

Cadwalader, Wickersham & Taft LLP

Corporate Renewal Services, Inc.

Forman Holt Eliades & Ravin LLC

JPMorgan Chase & Co.

Lake Pointe Partners, LLC

Quarles & Brady LLP

RAS Management Advisors Inc.

Riemer & Braunstein LLP

Trimingham, Inc.

Wells Fargo Foothill

White Oak Group

XRoads Solutions Group

Patron Donor

$5,000–$9,999

Atwell, Curtis & Brooks, Ltd./University

Management Associates &

Consultants Corp.

Aurora Management Partners Inc.

Bear Stearns & Co.

The Belet Group, Inc./Belet

Acquisitions, Inc.

Blank Rome LLP

Carl Marks Advisory Group LLC

Conway MacKenzie, Inc.

FINOVA Capital Corporation

Getzler Henrich & Associates LLC

Horizon Management Inc.

Kugman Associates

Philip + Company, Inc.

RCS Real Estate Advisors

San Filippo & Associates

Schulte Roth & Zabel LLP

SSG Capital Advisors, LLC

Tiger Group

Wells Fargo Bank, N.A.

Wells Fargo Retail Finance

Supporter Donor

$500–$4,999

AccuVal Associates Inc

Allomet Partners, Ltd.

American Management Advisors Inc.

Andrew M. Toft, Attorney at Law

ARG Recovery, LLC

Bankers Advocate Group

BDO Consulting Corporate Advisors LLC

Beane Associates, Inc.

Bederson & Co. LLP

Bond, Schoeneck & King, PLLC

Cairncross & Hempelmann, P.S.

Caledonia Group Inc.

20


Capital Restoration, LLC

CapitalSource

Cedar Croft Consulting

Continental Advisory Services, LLC

CRG Partners

Crystal Financial

The Daley-Hodkin Group

Dickinson Wright PLLC

DLA Piper US LLP

EMCC, Inc.

Emerald Technology Valuations, LLC

Fennemore Craig, P.C.

The Finley Group

First American Corp. - UCC Division

First Resource Corporation

Focus Management Group

Fort Dearborn Partners, Inc.

Gibson, Dunn & Crutcher LLP

Giuliani Capital Advisors LLC

Grant Thornton LLP

Great American Group

Greenberg Traurig LLP

Harney Partners LLC

Harvard Turnaround Management

Health Capital Investors, Inc.

Hilco

Hill & Gertner Capital Corporation

Houlihan Lokey Howard and Zukin

HSG Services Inc.

Iron Horse LLC

Jager Smith P.C.

Joe Foster Real Estate Advisors

KBK Financial, Inc.

KPS Special Situations Funds

Lain Faulkner & Co.

LBC Credit Partners, Inc.

McShane Group

Mehmco Financial Services Inc.

The Meridian Group

Meriturn Partners, LLC

Midwest Business Capital

Miles & Stockbridge P.C.

Mission Capital Advisors

Modesitt Associates, Inc.

The Nauset Group, Inc.

Northern Healthcare Capital, LLC

The Parkland Group, Inc.

Paul Hastings Janofsky & Walker LLP

Penn Hudson Financial Group, LLC

Phelps Consulting Group

Phoenix Advisors & Collections, Inc.

Phoenix Management Services, Inc.

Project Executive Group, Inc.

Protiviti

Quest Turnaround Advisors, LLC

Renaissance Partners, L.C.

Republic Financial Corporation

Rhone Group Advisors

RJ Reuter Business Consulting

Rochelle McCullough, LLP

RSM McGladrey

Ruskin Moscou Faltischek, P.C.

SB Capital Group, LLC

Sherman, Lavallee & Associates, LLC

State Securities PLC (United Kingdom)

Sterling Supply Co.

Stout Risius Ross, Inc.

Strategic Management Partners, Inc.

Stutman, Treister & Glatt

Sullivan & Worcester LLP

TeamWork Technologies, Inc.

Tono-Bungay Consulting, Inc.

Treadstone Partners, LLC

Tucker Arensberg, P.C.

Windham Professionals, Inc.

Winternitz, Inc.

Wiss & Company, LLP

21


150 South Wacker Drive

Suite 900

Chicago, Illinois 60606

2011 TMA

Annual Convention

October 25-27 | San Diego, California

Hilton San Diego Bayfront

Early bird registration and hotel reservations deadline is September 26.

Register and reserve hotel rooms today at turnaround.org.

Scan to

register and

for more

details.

22

More magazines by this user
Similar magazines