Conference - Turnaround Management Association
Conference - Turnaround Management Association
Conference - Turnaround Management Association
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T M A’ S T E N T H A N N U A L<br />
Northwest<br />
Cross-Border<br />
<strong>Conference</strong><br />
September 10 - 12, 2009 ▼ Seattle, Washington<br />
P R E S E N T E D B Y T H E N O R T H W E S T C H A P T E R O F T M A<br />
Arctic Club Hotel ▼ Seattle, Washington
A G E N D A<br />
CPE credits:<br />
5 General<br />
Credits and<br />
1.5 Ethics Credit.<br />
An application<br />
form can be found<br />
on the last page of<br />
this brochure.<br />
Thursday, September 10, 2009<br />
5:00 – 7:00 p.m. Early Registration<br />
7:00 – 9:00 p.m. Opening Cocktail Reception Arctic Club Hotel Dome Room<br />
Friday, September 11, 2009<br />
7:30 – 8:30 a.m. Continental Breakfast<br />
Welcome and Announcements, and <strong>Conference</strong> sessions will be held in the Arctic Club Hotel Dome Room<br />
8:30 – 8:45 a.m. Welcome and Announcements<br />
Welcome: Stephen M. Barkley, President NW Chapter of TMA, Senior Vice President, Union Bank<br />
Program Introduction: Katriana Samiljan, <strong>Conference</strong> Chair, Partner, Bush, Strout & Kornfeld<br />
8:45 –10:00 a.m. Fraud Panel “Deceit and Dishonesty Double During Downturns”<br />
Moderator: Nina Gerbic, Partner, Dawson Gerbic, LLP, Seattle, Washington<br />
Panelists: Peter Armstrong, Associate Partner, KPMG LLP; Carl Blackstone, Assistant United States Attorney for<br />
the Western District of Washington; Robert Prior, Chief Federal Prosecutor, Public Prosecution Service of<br />
Canada; David Taylor, Partner, Perkins Coie LLP<br />
10:00 –10:15 a.m. Coffee Break<br />
10:15 –11:30 a.m. Canada versus USA: Commercial Loan & Workout Issues in Non-Mega Cases<br />
Moderator: Ragan Powers, Partner, Davis Wright Tremaine LLP<br />
Panelists: Kibben Jackson, Partner, Fasken Martineau; Jay Kornfeld, Partner, Bush, Strout & Kornfeld; John<br />
Rizzardi, Cairncross & Hempelmann, P.S.; Teri Stratton, Senior Vice President, Macquarie Capital (USA) Inc.<br />
11:30 – 1:30 p.m. Lunch Arctic Club Hotel Dome Room<br />
Keynote Speaker: Jack Hamann, Author of On American Soil: How Justice Became a Casualty of WWII, a nonfiction<br />
investigative account of one of the largest and most controversial events in American civil rights history.<br />
1:30 – 3:00 p.m. The Liquidity Crunch: Who Is Lending and on What Terms?<br />
Moderator: Ragan Powers, Partner, Davis Wright Tremaine LLP<br />
Panelists: Brad Edgelow, Vice President, USM Capital; Bill Hanneman, Zachary Scott Investment Bankers; Mitch<br />
Reed, Senior Vice President, Corporate Finance, Prudential Capital; Steven Schiller, Managing Director, Gordian<br />
Group RSM Richter<br />
3:00 – 3:15 p.m. Coffee Break<br />
3:15 – 4:45 p.m. Judge’s Panel: Hot Topics from the Bench<br />
Moderator: Phil Lalonde, Counsel, Brownlee LLP<br />
Panelists: Honorable Ms. Louise De Carl Adler, Judge of the United States Bankruptcy Court for the Southern<br />
District of California; Honorable Mr. Donald I. Brenner, Chief Justice of the Supreme Court of British Columbia;<br />
Honorable Mr. Bruce A. Markell, Bankruptcy Judge, United States Bankruptcy Court for the District of Nevada, and<br />
Judge, Bankruptcy Appellate Panel of the Ninth Circuit; Honorable Ms. Juliana Topolniski, Justice to the Court of<br />
Queen’s Bench<br />
7:30 –10:00 p.m. Reception and Dinner | Arctic Club Hotel Dome Room<br />
Honoring Clyde Hamstreet, CTP, Hamstreet & Associates, for his 20th Anniversary of TMA membership<br />
and his significant contributions to the Corporate Renewal Industry and TMA.<br />
Introductions by: Gayle Bush, Partner, Bush Strout & Kornfeld; Bill Skelly, Partner, Heenan Blakie and Shirley<br />
Dunn, CTP, Principal, Hamstreet & Associates<br />
Saturday, September 12, 2009 | Breakfast and Activities<br />
7:30 – 9:00 a.m. Continental Breakfast | Arctic Club Hotel Dome Room<br />
10:30 a.m. Golf outing at the prestigious Newcastle Golf Club.<br />
Transportation will be provided by bus. Please gather near the main lobby entrance at 8:00 a.m.<br />
11:00 a.m.– Scenic Puget Sound and Lake Union Cruise<br />
4:00 p.m. Please gather near the main lobby entrance at 11:00 a.m.<br />
6:00 p.m. Gala Cocktail Reception & Dinner - Columbia Tower Club, 75th floor of Columbia Tower,<br />
downtown Seattle with sweeping views of the city.<br />
Sunday, September 13, 2009<br />
Check out and departure
K E Y N OT E S P E A K E R<br />
S P O N S O R S<br />
Jack Hamann<br />
Author and Journalist<br />
Jack Hamann lives in Seattle, where he is an<br />
author and journalist. His career spans twentynine<br />
years, including a decade as a network<br />
correspondent and documentary producer<br />
for CNN and PBS. His work has earned<br />
dozens of journalism honors, including ten<br />
regional Emmy awards.<br />
Jack’s assignments have taken him around the<br />
world. He's been inside a pen with wild wolves in<br />
Yellowstone National Park, inside a prison with<br />
convicted killers in Siberia, thirty miles offshore<br />
with fishermen chasing giant tuna in the North<br />
Atlantic, three miles above sea level with peasants<br />
battling blight in Peru, and miles from nowhere<br />
mushing a team of champion dogs in the Yukon.<br />
His lifetime travel also includes Cuba, China, South<br />
Africa, Nepal, Russia, Japan, Taiwan, Thailand,<br />
Panama, Brazil, Argentina and most of Europe and<br />
North America, including all 50 states (Arkansas<br />
was #50).<br />
Jack is the author of On American Soil: How Justice<br />
Became a Casualty of WWII (Algonquin Books, 2005<br />
| University of Washington Press, 2007), a nonfiction<br />
investigative account of one of the largest and<br />
most controversial events in American civil rights<br />
history. On American Soil was selected as the<br />
outstanding investigative book of 2005 by<br />
Investigative Reporters and Editors, Inc.<br />
The book was directly responsible for an<br />
October 26, 2007 decision by the U.S. Army<br />
Board for Correction of Military Records to<br />
overturn the verdicts in the infamous 1944<br />
Fort Lawton court-martial. Legislation signed<br />
by President George W. Bush on October 14,<br />
2008 ensured that the surviving defendants,<br />
or their estates, receive back pay, plus compound<br />
interest.<br />
Jack is the winner of the 2007 Horace Mann<br />
award, an honor bestowed on those who have<br />
achieved “victories for humanity.” In 2008, the<br />
Washington State Bar <strong>Association</strong> honored him for<br />
“Excellence in Legal Journalism,” and the Urban<br />
League presented him with its 2008 "Spirit Award.”<br />
Jack is a graduate of UCLA (B.A. Economics,<br />
1976) and the University of Oregon School of Law<br />
(J.D., 1980).<br />
Jack and his wife, Leslie, coach girls’ volleyball<br />
at a high school in Seattle. They have two grown<br />
children.<br />
TMA Northwest Chapter<br />
would like to thank the<br />
following sponsors:<br />
Platinum:<br />
Wells Fargo Business Credit<br />
Wells Fargo Business Credit Canada<br />
Gold:<br />
Lane Powell<br />
Silver:<br />
Celtic Capital<br />
Century Services<br />
KPMG<br />
Miller Thomson, LLP<br />
Myers & Co.<br />
Perkins Coie<br />
PNC Business Credit<br />
Bronze:<br />
Dawson & Gerbic<br />
Realty Marketing NW<br />
<strong>Conference</strong> Sponsors:<br />
The BMC Group, Inc.<br />
DoveBid
C O N F E R E N C E P L A N N E R S , P A N E L I S T S , S P E A K E R S & H O N O R E D G U E S T<br />
<strong>Conference</strong> Planners<br />
Stephen M. Barkley (2009 Northwest Chapter President) has been involved<br />
in middle market commercial lending for over 25 years. Currently he is based<br />
in Seattle as the Senior Vice President in charge of credit administration in the<br />
Northwest for Union Bank. Steve has held a variety of commercial banking<br />
roles escalating in responsibility from commercial loan business development<br />
to leading the regional work out department of a major bank. He has been a<br />
director of the Northwest Chapter of the TMA since 2004 and is currently a<br />
member of the TMA’s national board of directors. He is a Certified Public<br />
Accountant with an undergraduate degree in Accounting from Loyola University,<br />
Los Angeles, and an MBA from the University of Southern California.<br />
Daniel J. Boverman recently founded Boverman & Associates, LLC to focus<br />
his restructuring & turnaround practice in the Pacific Northwest after many<br />
years practicing nationally with Huron Consulting Group and Glass &<br />
Associates, Inc. Prior to focusing on turnarounds he was Chief Financial Officer<br />
of several successful companies including Enzymatic Therapy, Inc. He began<br />
his career with Arthur Andersen & Co. and then spent over ten years in investment<br />
banking and private equity investing as CFO of TXL Capital Group,<br />
President of TXL Securities Corporation and Principal in Genstar Capital<br />
Partners, where he led or was involved in numerous mergers, acquisitions and<br />
debt and equity financings and creation of substantial value. Mr. Boverman is a<br />
Certified Public Accountant (Inactive / California), a Certified <strong>Turnaround</strong><br />
Professional, a Director, Member and Treasurer of the Northwest Chapter of<br />
the TMA and a member of the <strong>Association</strong> for Corporate Growth and the<br />
Oregon Entrepreneurs Network. Mr. Boverman holds a B.S. in Business<br />
Administration from the University of California, Berkeley, 1982.<br />
Nina Gerbic is the Accounting, Auditing & Special Projects Partner at<br />
Dawson & Gerbic, LLP. She is an accountant, economist, business valuation<br />
specialist and restructuring advisor. Ms. Gerbic is a Certified Public<br />
Accountant, a member of the Washington Society and American Institute of<br />
Certified Public Accountants, and a member of the Quality Assurance<br />
Review and the Peer Review Oversight Committees for the Washington<br />
State Board of Accountancy. She holds an M.A. in Economics from the<br />
University of Washington. She is a Chartered Financial Analyst chartholder, a<br />
Certified Forensic Financial Analyst with specialized training in Advanced<br />
Economic Damages, Fraud Prevention and Detection and Forensic<br />
Accounting, and is Certified in Financial Forensics. Ms. Gerbic is Accredited<br />
in Business Valuation and is a Certified Valuation Analyst. She is a Certified<br />
Insolvency and Restructuring Advisor (“CIRA”) and a member of the<br />
American Bankruptcy Institute and of the TMA, where she is a Northwest<br />
Chapter Director and the 2009 Membership Chair. Ms. Gerbic holds a B.S.<br />
in Accounting from St. Cloud State University in Minnesota.<br />
V. Philippe (“Phil”) Lalonde is of Counsel at Brownlee LLP in Calgary where<br />
his preferred areas of practice are Litigation with an emphasis in Insolvency &<br />
Restructuring, Contracts & Corporate Litigation, Construction Litigation, Real<br />
Property & Municipal Law Litigation, Directors and Officers Liability/Protection,<br />
Products Liability and Professional Negligence Litigation. Philippe is a member<br />
of the Law Society of Alberta, the Calgary Bar <strong>Association</strong>, the Law Society of<br />
Upper Canada (Ontario), the Canadian Bar <strong>Association</strong> and the International<br />
Insolvency <strong>Association</strong> (INSOL). He has been a speaker and guest lecturer at<br />
workshops and seminars on the areas of directors and officers liability/protection<br />
and corporate insolvency. Mr. Lalonde received his preparatory education<br />
at the University of Saskatchewan (B.A. 1979) and legal education at the<br />
University of Toronto (LL.B. 1979). He was called to the Ontario Bar in 1981<br />
and the Alberta Bar in 1988.<br />
Bruce Leaverton is a Director of the Northwest Chapter of TMA and a<br />
partner in the law firm of Lane Powell. He has practiced business finance<br />
and bankruptcy law for more than 23 years, representing over that time<br />
borrowers, secured lenders, debtors, creditors’ committees, bankruptcy<br />
trustees, indentured trustees, and state and federal court receivers.<br />
In parcticular, he has considerable experience representing corporate clients<br />
in complex financial restructurings, recapitalizations, intellectual property<br />
disputes, and mergers and acquisitions, both inside and outside of bankruptcy<br />
court. His representation of corporate borrowers is aided and informed by<br />
his considerable experience and understanding of the other side of the table,<br />
based on his representation of various institutional lenders in distressed<br />
secured loan and workout matters. His practice has also included a wide<br />
variety of litigation and administrative matters concerning financial issues,<br />
including intercreditor disputes and a variety of investigative and enforcement<br />
proceedings by the U.S. Securities and Exchange Commission.<br />
Conrad Myers, is the founder of Myers & Co, a Portland-based distressed<br />
business consulting practice since 1993. The firm specializes in turnaround<br />
consulting and interim crisis management for troubled businesses and<br />
assisting their creditors both in and out of bankruptcy throughout the<br />
Western United States. The firm’s client base has included private and public<br />
companies from $20 to 500 million in sales and covered a broad diversity of<br />
industries. The firm has a wealth of experience in situations where the resolution<br />
for a troubled company was a business sale in whole or part.<br />
Myers has worked in the troubled business arena for over 22 years and<br />
has also served in numerous cases as a Chapter 11 Trustee, Examiner,<br />
Creditor’s Committee Financial Advisor and State Court Receiver. Myers has<br />
also served as the Plan Administrator and Post Confirmation Disbursing<br />
Agent in numerous Chapter 11 cases.<br />
Conrad is a native of the UK and a graduate of Lincoln College, Oxford<br />
University. He is qualified as both a CPA as well as a UK Chartered Accountant.<br />
Conrad’s financial expertise is grounded in 10 years of public accounting, audit,<br />
and consulting experience at Arthur Andersen & Co and Price Waterhouse.<br />
Conrad worked in senior financial management positions in the high technology,<br />
retail and real estate sectors, including several years as CFO for Wickes<br />
Companies Inc’s real estate and discontinued assets division.<br />
Conrad is a Certified <strong>Turnaround</strong> Professional, a director of the Northwest<br />
Chapter and its former President. He serves on the Chapter Resources and<br />
Response and CTP Certification Oversight committees of TMA.<br />
Ragan Powers is a Partner in Davis Wright Tremaine LLP where he represents<br />
investors, secured and unsecured lenders, debtors and lessors in<br />
restructuring and bankruptcy. He handles out-of-court workouts and restructurings,<br />
consensual and litigated Chapter 11 cases, distressed business transactions<br />
and related litigation. Ragan has helped clients with a range of issues<br />
including underperforming equity investments, large secured transactions,<br />
management of troubled loan portfolios and distressed financing arrangements.<br />
He has been named as one of “America’s Leading Lawyers for<br />
Business” in Bankruptcy/Restructuring (Washington) by Chambers USA,<br />
2005-2009; as one of the “Best Lawyers in America” in Bankruptcy and<br />
Creditor-Debtor Rights Law by Woodward/White, 2001-present; and as one<br />
of "155 Top Lawyers" by Seattle Magazine and Seattle Business Monthly,<br />
2007 and selected to “Washington Super Lawyers,” Law & Politics, 2001-<br />
2002, 2004, 2006-2009 Mr. Powers is a member of the American Bankruptcy<br />
Institute, the American Bar <strong>Association</strong> and the TMA and a Director of the<br />
Northwest Chapter of the TMA. He holds a J.D., University of Washington<br />
School of Law, 1981, Order of Barons, Member, Moot Court Honor Board<br />
and a B.A., Economics, Political Science, University of California,<br />
Davis, 1978, with highest honors.
Katriana (“Katy”) L. Samiljan is the Second Vice President of the TMA<br />
Northwest Chapter and conference chair for TMA’s 2009 Cross-Border<br />
<strong>Conference</strong>. She is a partner at Bush Strout & Kornfeld in Seattle, where she<br />
specializes in commercial debtor issues, emphasizing workouts, restructurings,<br />
and Chapter 11 reorganizations. She has represented clients in diverse<br />
industries, including paper, grocery, power and telephone, farming, software<br />
and commercial real estate. She has been named a Rising Star in<br />
Washington Law & Politics from 2001 through 2008. Katy received her law<br />
degree from Harvard University, and also completed her undergraduate<br />
studies at Harvard University, where she graduated magna cum laude.<br />
Panelists, Speakers and Honored Guests<br />
Louise De Carl Adler is a judge of the United States Bankruptcy Court<br />
for the Southern District of California. In January 2001, she completed a<br />
five-year term as Chief Judge. She served as the first female President of<br />
the National <strong>Conference</strong> of Bankruptcy Judges (1994–95). She also served<br />
as its vice-president, secretary and as a member of the NCBJ’s Board of<br />
Directors. Judge Adler was also a member of the Board of Trustees of the<br />
NCBJ’s Endowment for Education. She is a fellow in the American College<br />
of Bankruptcy. Judge Adler was a founding member and a member of the<br />
board of the San Diego Bankruptcy Forum. She was also a founding member<br />
and member of the board of Lawyers Club of San Diego. Prior to her<br />
appointment to the bench in l984, Judge Adler was in private law practice<br />
in San Diego for 12 years, specializing in debtor and trustee representation<br />
and serving as a trustee in bankruptcy. She is a graduate of Loyola<br />
University of Chicago School of Law. Among the notable cases handled by<br />
Judge Adler have been the Roman Catholic Diocese for San Diego;<br />
Maruko, Inc., the first coordinated international reorganization with<br />
Chapter 11 cases filed in both the United States and Japan; Thrifty Oil Co.;<br />
Leap Wireless International (a national cell phone company and its 65<br />
related companies) and the successful reorganization of the San Diego<br />
Symphony. Judge Adler was a parcticipant in the World Bank Insolvency<br />
Initiative and is a co-author of International Insolvency, a reference book<br />
for bankruptcy judges. She received the 2007 Trial Judge of the Year award<br />
from the Consumer Attorneys of San Diego for her work in the Chapter 11<br />
of the Roman Catholic Diocese of San Diego case.<br />
Peter W. Armstrong is a Vice President of and Forensic Practice Leader in<br />
British Columbia for KPMG Forensic Inc. and an Associate Partner, KPMG LLP.<br />
Mr. Armstrong has wide-ranging experience in fraud risk management, investigation<br />
and the quantification of economic losses. Mr. Armstrong has qualified<br />
as an expert in the area of economic loss quantification and testified on various<br />
matters before courts in Ontario, Alberta and British Columbia. Services<br />
offered by Mr. Armstrong and his associates include investigation, litigation<br />
support, fraud risk management, forensic technology, corporate intelligence,<br />
physical security and anti-money laundering advisory services. He has performed<br />
numerous Canadian and international fact-finding investigations looking<br />
at the issues of fraud, theft and misconduct over the course of his career.<br />
His assignments have taken him to the United States, the Caribbean and a<br />
number of countries in Asia, including China, Indonesia, India and<br />
Bangladesh. Peter is a Canadian Chartered Accountant who is designated by<br />
the Canadian Institute of Chartered Accountants as a specialist in the area of<br />
investigative and forensic accounting, Canadian Institute of Chartered<br />
Accountants. He is also a Chartered Business Valuator and a Current Member<br />
of the Boards of the Alliance for Excellence in Investigative and Forensic<br />
Accounting, established by the Canadian Institute of Chartered Accountants<br />
and the Corporate Litigation Journal, published by Federated Press.<br />
Carl Blackstone is an Assistant United States Attorney for the Western<br />
District of Washington. He currently supervises the Complex Crimes Unit,<br />
which is responsible for prosecuting a number of federal crimes including,<br />
corporate fraud, cyber crime, investment fraud, mortgage fraud, bank<br />
fraud, environmental crimes, health care fraud, public corruption, procurement<br />
fraud and tax fraud. Prior to becoming a federal prosecutor, Carl<br />
worked at Morrison & Forester in San Francisco after having completed a<br />
clerkship for Ninth Circuit Judge Cecil Poole. Carl is a graduate of the<br />
University of California at Berkeley and received his law degree from the<br />
University of Oregon.<br />
Chief Justice Donald I. Brenner The Chief Justice was appointed a<br />
Judge of the Supreme Court of British Columbia in 1992 and Chief Justice<br />
of the Court in 2000. Prior to his judicial appointment in 1992 he was in<br />
private practice with Brenner & Company in Vancouver. The firm specialized<br />
in the field of insurance defence in the areas of aviation, products<br />
liability, and professional indemnity.<br />
Gayle Bush specializes in representing commercial debtors in the<br />
Northwest. He is a founding partner of the firm Bush Strout & Kornfeld.<br />
He has significant experience with financial problems involving a wide<br />
variety of businesses. He is a Fellow of the American College of<br />
Bankruptcy. He is AV-rated and has been included in every edition of<br />
The Best Lawyers in America since 1985. In the annual poll of lawyers<br />
conducted by Washington Law and Politics, he has been voted one of the<br />
states ten top Super Lawyers for the past three consecutive years, and has<br />
been the second highest Point Getter each of the past two years. He was<br />
named one of Seattle Magazine’s Top Lawyers 2004-2008, is a former<br />
President of the Federal Bar <strong>Association</strong> (WDWA), has served as an Elected<br />
Delegate to the Ninth Circuit Judicial <strong>Conference</strong>, is a former Trustee of the<br />
Young Lawyers Section of the King County Bar <strong>Association</strong>, and was a law<br />
clerk to Justice James Dolliver of the Washington State Supreme Court.<br />
Arcticles authored by Mr. Bush and seminar publications are on his firm’s<br />
website at www.bskd.com.<br />
Shirley Dunn, CTP, is a senior level financial executive with extensive<br />
experience in the turnaround and restructuring of under-performing<br />
companies. She has significant skills in crisis management, strategic<br />
planning, crisis cash management, cash forecasting, corporate finance and<br />
the development and implementation of revenue enhancement and cost<br />
containment strategies. Ms. Dunn has broad experience with successful<br />
Chapter 11 Bankruptcy reorganizations and she has served as a Chief<br />
Restructuring Officer to the Debtor and Chapter 11 Trustee. Ms. Dunn<br />
is a Certified Public Accountant and practiced with Arthur Andersen &<br />
Company from 1975 – 1979. She holds a number of specialized certifications,<br />
including Certified <strong>Turnaround</strong> Professional (“CTP”) and Certified<br />
Insolvency and Restructuring Advisor (“CIRA”). She graduated with a B.S. in<br />
Business Administration from Portland State University. Ms. Dunn worked<br />
for Hamstreet & Company from 1991 to 1999 and following a merger, with<br />
Glass & Associates, she was a partner from 2000 to 2004. She joined<br />
Hamstreet & Associates in 2004. Ms. Dunn is a member of the <strong>Turnaround</strong><br />
<strong>Management</strong> <strong>Association</strong> (“TMA”). She has served on the Board of<br />
Directors of the TMA as Vice President during 2003 and 2004. Ms. Dunn<br />
has served as a Director of the <strong>Association</strong> of Certified Professionals<br />
(“ACTP”) from 2005 to 2007. In 2002 she was President of the Northwest<br />
Chapter of the TMA.
C O N F E R E N C E P L A N N E R S , P A N E L I S T S , S P E A K E R S & H O N O R E D G U E S T<br />
Brad Edgelow is Vice President USM Capital. He has held sales and<br />
marketing positions in the technology and lease financing industry for over<br />
30 years. Brad began his career at IBM, before moving into the technology<br />
financing business with CIS Canada 10 years later. Most recently, as Vice<br />
President with ICON Capital, headquartered in NYC, his responsibilities<br />
included technology financing, non-IT financing and corporate restructuring<br />
through financing “business essential” capital assets of various descriptions.<br />
US Micro, based in Atlanta, acquired ICON’s technology (IT) lease portfolio<br />
in the spring of 2008. Brad maintained responsibility for USM’s IT lease<br />
financing and technology brokering services in the Pacific Northwest and<br />
Western Canada. He graduated from the University of Calgary with<br />
Bachelor of Commerce with Distinction. He is based in Vancouver, B.C.<br />
Clyde Hamstreet, CTP, (Honoree, Friday Dinner Event) has been a<br />
leading figure in the national turnaround industry for more than fourteen<br />
years, with over 20 years of experience in business consulting and restructuring.<br />
He originally founded Hamstreet & Company in Portland, Oregon,<br />
in 1988. In 1999, he joined forces with two other regional firms to form<br />
Glass & Associates, which he then helped lead to national prominence.<br />
Five years later, Mr. Hamstreet left Glass and founded Hamstreet &<br />
Associates, with a focus on corporate restructuring and turnarounds.<br />
Mr. Hamstreet is well known in the industry for building consensus among<br />
diverse groups of people. His commitment to finding win-win solutions<br />
enables him to bring employees, management, creditors and shareholders<br />
together to achieve successful turnarounds. He is recognized for his ability<br />
to assess companies insightfully, to develop strategic plans of attack, to<br />
identify and resolve through effective negotiation the critical concerns of<br />
lenders, and to provide the necessary direction for management and<br />
employees to attain ambitious goals. His outstanding ability to understand<br />
complex business issues and translate them accurately for the benefit of<br />
non-experts is the foundation of his communication and leadership skills.<br />
With an expertise in corporate finance, management, and governance, Mr.<br />
Hamstreet has held management positions in many corporations, including<br />
Chief Executive Officer, Chief Restructuring Officer, President, Chief<br />
Financial Officer, and Director. He has successfully restructured large and<br />
mid-size companies and has led many initiatives to restore underperforming<br />
corporations to profitability. His experience includes the strategic repositioning<br />
of core operations, complex refinancing arrangements, aggressive<br />
cost reductions, divestitures, and intensive management of working capital.<br />
He recently completed a twenty-two month engagement serving as the<br />
Chief Restructuring Officer of a $1.5 billion company, whose restructured<br />
operations and balance sheet gave birth to sustainable earnings after years<br />
of losses. Mr. Hamstreet has served as an expert witness in numerous federal<br />
cases, and multi-million dollar arbitration matters. He has also advised<br />
corporate boards on improving governance processes and the effectiveness<br />
of the relationship between board and management. In addition to<br />
being a CTP, Mr. Hamstreet has served in leadership positions of the<br />
Northwest Chapter and National TMA and the <strong>Association</strong> of Certified<br />
<strong>Turnaround</strong> Professionals. He has been nominated for <strong>Turnaround</strong><br />
Practitioner of the Year three times, winning the award in 1994 and again<br />
most recently in 2005. Mr. Hamstreet serves or has served on local and<br />
state boards and commissions, as well as nonprofit and corporate boards.<br />
He holds a B.S. in Business Administration from Oregon State University.<br />
William (“Bill”) S. Hanneman is one of two co-founders of the Seattle<br />
based Investment Bank, Zachary Scott & Co. (Scott is Bill’s middle name).<br />
At Zachary Scott, Bill specializes in mergers and acquisitions, complex<br />
valuation issues, and fairness opinions as well as a variety of corporate<br />
finance engagements. Since the founding of Zachary Scott in 1991, Bill has<br />
advised on the valuation, purchase, recapitalization, or sale of a wide variety<br />
of middle-market companies, including companies in financial distress.<br />
A summary of many of the transactions Bill has managed can be seen in<br />
Zachary Scott’s website at www.zacharyscott.com. Most recently, Bill was<br />
responsible for the sale of the assets of the mechanical contractor W. A.<br />
Botting Company out of bankruptcy. In addition to these transactions, Bill<br />
has been engaged in a wide range of consultancy assignments typically<br />
related to corporate value or corporate finance, including business and<br />
strategic planning, capital structure design, ESOP’s and succession planning.<br />
Bill is a contributing author to Zachary Scott’s quarterly publication<br />
Insight on the Capital Markets, copies of which can be accessed from<br />
Zachary Scott’s web site. Collectively, Zachary Scott has managed nearly<br />
$4.0 billion of transactions.<br />
Kibben Jackson is a Partner in the Litigation and Dispute Resolution<br />
Group of Fasken Martineau. Mr. Jackson’s practice is in general corporate<br />
and commercial litigation with a focus on insolvency, corporate restructurings<br />
and secured creditor realization. He has worked with most of Canada's<br />
largest financial institutions and trustee firms, including in relation to bankruptcies<br />
and receiverships, and has represented both debtors and creditors<br />
in connection with significant reorganizations and debt restructurings. Prior<br />
to joining Fasken Martineau, Mr. Jackson clerked for the Chief Justice of<br />
British Columbia at the British Columbia Court of Appeal. Currently, Mr.<br />
Jackson serves on the Executive Committee of the Vancouver Bar<br />
<strong>Association</strong>. Mr. Jackon is an Executive Committee Member, Vancouver Bar<br />
<strong>Association</strong> and a Member, Civil Litigation and Insolvency Sections of the<br />
British Columbia and Canadian Bar <strong>Association</strong>s.<br />
Armand J. “(“Jay”) Kornfeld is partner at the law firm of Bush Strout &<br />
Kornfeld. He represents companies in commercial creditor and debtor<br />
issues, emphasizing workouts, restructurings, and Chapter 11 reorganizations.<br />
Over the years, he has represented clients in diverse industries,<br />
including commercial fishing, telecom, wood products, retail, grocery, and<br />
commercial real estate. His recent representations include Brown & Cole<br />
Stores (grocery chain with 30 stores) in its Chapter 11 reorganization and<br />
Larry’s Markets in its Chapter 11 sale. He is the former Chair of the Seattle-<br />
King County Bar <strong>Association</strong> Creditor-Debtor Section. He has been recognized<br />
in: The Best Lawyers in America 2001-2008 editions; Chambers USA,<br />
America's Leading Lawyers for Business, Bankruptcy Section 2005-2008<br />
editions; Washington Law and Politics Super Lawyers 2000-2008 (including<br />
Top 100 Lawyer in Washington in 2007-2008). Mr. Kornfeld graduated<br />
from the University of Washington School Of Law with high honors, and<br />
completed his undergraduate work at the University of Notre Dame.<br />
Bruce A. Markell was sworn in as a bankruptcy judge in July of 2004.<br />
Before taking the bench, he practiced bankruptcy and business law for ten<br />
years and was a law professor for fourteen years. He is the author of<br />
numerous arcticles on bankruptcy and commercial law, and a co-author of<br />
four law school casebooks, one of which will soon be translated into<br />
Japanese. He contributes to Collier on Bankruptcy, and is a member of its<br />
editorial advisory board. He is a conferee of the National Bankruptcy<br />
<strong>Conference</strong>, a fellow of the American College of Bankruptcy, a member of<br />
the International Insolvency Institute, and a member of the American Law<br />
Institute. Since 2007, he has been one of six judges on the Ninth Circuit’s<br />
Bankruptcy Appellate Panel. He has been an adviser to the United Nations<br />
on secured transactions and to the Republic of Indonesia on bankruptcy
eform. He was the International Bar <strong>Association</strong>’s representative to the<br />
meetings that lead up to UNCITRAL’s promulgation of a convention on the<br />
assignment of receivables.<br />
Robert Prior is the Chief Federal Prosecutor with the Public Prosecution<br />
Service of Canada (“PPSC”) in British Columbia since 1996, where he is<br />
responsible for the conduct of all federal prosecutions that arise in British<br />
Columbia. Mr. Prior’s responsibilities have a heavy emphasis on drug<br />
offences, organized crime, tax evasion and environmental offences. Mr.<br />
Prior has been a prosecutor with the PPSC since 1988. Mr. Prior received is<br />
Bachelor of Laws from Osgoode Hall Law School in 1986 and a Bachelor<br />
of Science, with honors, from the University of Toronto in 1983.<br />
Mitch Reed is a Senior Vice President, Corporate Finance in Prudential<br />
Capital’s San Francisco office. He is responsible for a team which covers<br />
Arizona, Colorado, Montana, Oregon, and Washington, and manages a<br />
$1 billion portfolio of senior term debt, bank loans, subordinated debt, and<br />
private equity investments. Mr. Reed joined Prudential Financial in 1991<br />
and spent two years in marketing and analysis of life and health insurance<br />
products before transferring to Prudential Capital in 1993. Prior to moving<br />
to San Francisco in 1996, Mr. Reed originated and managed investments in<br />
Prudential Capital’s Atlanta and Newark offices. In aggregate, he has<br />
invested approximately $4 billion in more than 100 transactions. Mr. Reed<br />
graduated from Amherst College and holds the Chartered Financial<br />
Analyst designation.<br />
John Rizzardi Since 1979, John has provided strategic and general business<br />
planning to a wide range of companies and their owners, as well as<br />
litigation and dispute resolution assistance, to clients in his business, insolvency<br />
and litigation practice. John is currently serving on the Executive<br />
Committee of the Washington State Bar <strong>Association</strong>’s Creditor/Debtor<br />
Section. In addition, he has served as the Northwest Chapter of the TMA’s<br />
President in 1999, International President of the TMA from 2002 to 2003,<br />
and was the International Chairman through 2004. He is currently serving<br />
as the chair of TMA’s Past Chairs’ Council and is a member of the TMA<br />
Task Force reviewing TMA’s governance structure. John has been honored<br />
by Seattle Magazine as a 2001, 2003, 2005 and 2007 “Top Lawyer”, has<br />
been named by Washington Law & Politics magazine as a “Super Lawyer”<br />
for nine consecutive years (2001 - 2009) and in the 2009 Corporate<br />
Counsel edition and was listed in Seattle Business Monthly as a “Top<br />
Business Lawyer” in 2006 and 2007.<br />
Stephen M. Schiller is a Managing Director of Gordian Group. Prior to<br />
joining Gordian, he served as an investment banker at Citigroup, where, at<br />
various points in his career, he led the bank’s financial institutions mergers<br />
and acquisitions practice, its Asian M&A business and its sell side business.<br />
He has over 20 years of experience in financial restructuring and complex<br />
M&A. At Gordian, Mr. Schiller works in the firm’s restructuring practice and<br />
in its marketing efforts. Mr. Schiller is a member of the Board of Directors<br />
of Student Sponsor Partners. He received a Bachelor of Arts degree in<br />
International Relations, Phi Beta Kappa, from Stanford University and<br />
is a graduate of the University of Michigan Law School.<br />
William (“Bill”) E. J. Skelly is the partner in charge of the Vancouver<br />
Lending and Restructuring Group of Heenan Blaikie LLP. Bill practices<br />
corporate and commercial law, with a focus on the restructuring of national<br />
and international companies, bankruptcy matters and corporate and commercial<br />
lending. Bill acts for debtors, Trustees, Receivers, Monitors and<br />
many of Canada’s largest financial institutions. Mr. Skelly has published<br />
numerous papers and arcticles and lectured at many conferences on<br />
various insolvency topics, is a contributing author to the British Columbia<br />
Personal Property Security Act Practice Manual and is peer rated as<br />
repeatedly recommended in the annual Lexpert survey. He is a member of<br />
the business law, banking law and insolvency subsections of the British<br />
Columbia branch of the Canadian Bar <strong>Association</strong>. In 2007, Mr. Skelly was<br />
selected as the first non-American to be the President of the TMA. In 2008,<br />
he was the Chairman of the Board of TMA International. He is also the Past-<br />
President (2003) and a director of the Northwest Chapter of the TMA. Bill<br />
was called to the Manitoba Bar in 1980 and to the British Columbia Bar in<br />
1989. He was a major in finance at the University of Manitoba in the Faculty<br />
of Commerce prior to obtaining his law degree from the University of<br />
Manitoba in 1979.<br />
Teri Stratton is a Senior Vice President in the Los Angeles office of<br />
Macquarie Capital (USA) Inc. Ms. Stratton focuses on providing capital<br />
markets, mergers and acquisitions, and restructuring advisory services to<br />
middle market companies. Previously, Ms. Stratton had eight years experience<br />
in corporate banking, serving in both credit administration and special<br />
assets. Ms. Stratton earned a Masters of Business Administration in Finance,<br />
with Honors, from The Anderson School at UCLA and her undergraduate<br />
degree in Economics from the University of California at Los Angeles.<br />
She is a member of the American Bankruptcy Institute, the <strong>Turnaround</strong><br />
<strong>Management</strong> <strong>Association</strong>, and the <strong>Association</strong> of Insolvency & Restructuring<br />
Advisors (AIRA) for which she is also a board member and is a Certified<br />
Insolvency Restructuring Advisor. She has worked in several Pacific<br />
Northwest restructurings including Consolidated Freightways, Crown Pacific<br />
Holdings, Larry’s Markets, Brown & Cole Stores, a private homebuilder, and<br />
two private building products companies.<br />
David F. Taylor is a Partner in the Seattle office of Perkins Coie L.L.P.<br />
and Firmwide Co-Chair, Investigations & White Collar Defense Practice.<br />
Mr. Taylor is a trial lawyer with more than 20 years' experience representing<br />
clients in civil and criminal litigation and investigations throughout the<br />
United States. A former Assistant United States Attorney, Mr. Taylor’s experience<br />
includes grand jury investigations and criminal prosecutions, SEC<br />
enforcement actions, securities class actions, derivative lawsuits, director<br />
and officer liability claims, common law fraud, False Claims Act cases,<br />
RICO claims and contract disputes. Mr. Taylor also regularly leads internal<br />
corporate investigations on behalf of companies and board committees<br />
and advises clients concerning corporate governance issues, director and<br />
officer liability, employee misconduct and fraud, and the design and<br />
implementation of corporate compliance programs. Mr. Taylor received his<br />
J.D. from Harvard Law School, magna cum laude, 1986 and holds a B.A.<br />
from Middlebury College, summa cum laude, Phi Beta Kappa, 1982 and is<br />
admitted to the bars of Washington and Oregon.<br />
Justice Juliana E. Topolniski was appointed to the Court of Queen’s<br />
Bench in 2003. She sits mainly in Edmonton, Alberta and is a member of<br />
the Court's Commercial List. Before her appointment, Justice Topolniski was<br />
a partner of Bishop & McKenzie LLP where her practice was focused in the<br />
areas of commercial litigation and insolvency.
A C C O M M O D A T I O N S<br />
The Northwest Chapter is pleased to hold<br />
the 10th Annual Cross-Border <strong>Conference</strong> at<br />
The Arctic Club Hotel in Seattle, Washington.<br />
To book your room, contact the Arctic Club Hotel<br />
directly at 1 (206) 340-0430 and ask for the<br />
Northwest <strong>Turnaround</strong> <strong>Management</strong> <strong>Association</strong><br />
group. Rooms blocked are $169, plus tax. The<br />
number of blocked rooms is<br />
limited, so please book your rooms early. (Room<br />
block at the hotel expires August 31, 2009<br />
following which registrants may need to seek<br />
off-property accommodations.)<br />
W E E K E N D<br />
A C T I V I T I E S<br />
Saturday, September 13:<br />
Daytime:<br />
Golf – Enjoy a morning playing golf at the prestigious Newcastle Golf Club.<br />
Situated on 350 acres with panoramic views of Mt. Rainier, the Olympic and the<br />
Cascade mountains, The Golf Club at Newcastle consists of two 18-hole public<br />
courses (Coal Creek and China Creek), extensive practice facilities and a 44,000-<br />
square-foot clubhouse. Designed by acclaimed golf course architect Robert E.<br />
Cupp in consultation with Masters Champion Fred Couples, the tournamentcaliber,<br />
full-facility complex features challenging fairways and greens, an allweather<br />
driving range, an 18-hole bent-grass putting course, three holes for<br />
pitching, putting and chipping, and lessons and clinics for golfers of all abilities<br />
OR<br />
Scenic Puget Sound and Lake Union Boat Cruise<br />
Take a cruise through the salt water of Puget Sound and the fresh water of Lake<br />
Union via the Hiram Chittenden Locks. Enjoy live narration of Seattle's history,<br />
while viewing the historic waterfront. View the spectacular city skyline one of the<br />
world's largest shipping terminals, the majestic Cascade and Olympic mountain<br />
ranges and the "Sleepless in Seattle" houseboat community.<br />
Evening:<br />
Gala Cocktail Reception<br />
& Dinner<br />
Columbia Tower Club, 75th floor of Columbia<br />
Tower downtown Seattle. Fine dining at its<br />
best with a spectacular view of the city.
C R O S S - B O R D E R C O N F E R E N C E R E G I S T R A T I O N<br />
Thursday, September 10, 2009 – Sunday, September 13, 2009 • Arctic Club Hotel • Seattle, Washington<br />
Name: __________________________________________________________________________________________________<br />
Company Name: ___________________________________________________________________________________________<br />
Address: _________________________________________________________________________________________________<br />
City Province/State Postal Code/Zip Code: __________________________________________________________________________<br />
Phone (Residence): _________________________________________________________________________________________<br />
Phone (Office): ____________________________________________________________________________________________<br />
Phone (Cellular): ___________________________________________________________________________________________<br />
E-mail Address: ____________________________________________________________________________________________<br />
REGISTRATION (All prices U.S. dollars)<br />
Early Bird Registration (through August 31, 2009)<br />
_____________ $625.00 U.S. TMA Members<br />
_____________ $725.00 U.S. Non-TMA Members<br />
_____________ $345.00* U.S. Accompanying Spouse/Guest<br />
Guest:____________________________________________<br />
Registrations received after August 31, 2009<br />
_____________ $725.00 U.S. TMA Members<br />
_____________ $825.00 U.S. Non-Members<br />
_____________ $345.00 U.S. Accompanying Spouse/Guest<br />
Guest:____________________________________________<br />
* Spouse/Guest Registration includes opening reception on Thursday evening, Friday reception and dinner, Saturday breakfast, reception and dinner.<br />
GROUP EVENTS & WEEKEND ACTIVITIES (please indicate below the number of people parcticipating in each event)<br />
Thursday, September 10, 2009 • Opening Cocktail Reception, Arctic Hotel Dome Room<br />
■ I will be attending the dinner. ■ I will be bringing a registered guest to the dinner. ■ I will not be attending the dinner.<br />
Friday, September 11, 2009 • Reception & Dinner, Honoring Clyde Hamstreet, CTP, Hamstreet & Associates<br />
■ I will be attending the dinner. ■ I will be bringing a registered guest to the dinner. ■ I will not be attending the dinner.<br />
Saturday, September 12, 2009 • Gala Reception & Dinner at Columbia Tower Club,<br />
6:00 p.m., walking distance from hotel. Included in conference price,<br />
please indicate whether you and your registered guest will be attending the dinner.<br />
■ I will be attending the dinner. ■ I will be bringing a registered guest to the dinner. ■ I will not be attending the dinner.<br />
Saturday, September 12, 2009<br />
_____________ Newcastle Golf Club • Please gather near the main lobby entrance at 8:00 a.m.<br />
$250 US/CAD – (Includes lunch, golf cart, practice tee, and transportation from the hotel to the golf course.)<br />
Please provide your handicap (maximum 30):_________________<br />
_____________<br />
Scenic Puget Sound and Lake Union Cruise • 11:00 - 4:00 p.m.<br />
Please gather near the main lobby entrance at 11:00 a.m.<br />
$46.00 per person U.S. – (Includes box lunch.)<br />
Register online at<br />
www.turnaround.org/register.asp<br />
For information contact<br />
Diana Montgomery<br />
Northwest Chapter Administrator<br />
(503) 768-4299<br />
northwestchapter@turnaround.org<br />
Register by Mail:<br />
Please submit registration form and Payment to:<br />
TMA NORTHWEST • 3439 NE Sandy Blvd #350 • Portland, OR 97232<br />
■ Please bill my credit card for the following amount: ______________________________<br />
■ MasterCard ■ VISA ■ AMEX Card Number __________________________________<br />
Expiration Date (MM/YY) ___________________________________________________<br />
Name on Card __________________________________________________________<br />
Signature ______________________________________________________________
Form 2<br />
Sponsoring Organization<br />
Certificate of Attendance Verification Form<br />
This form serves as a certificate of attendance in the event that the sponsoring organization does not provide<br />
such a document. It is mandatory that this form be verified by a representative of the sponsoring<br />
organization through his/her completion of the lower portion of the form (the CTP may complete the<br />
upper portion of the form). It is the responsibility of the CTP to request this verification and submit the<br />
completed form, along with a copy of the course agenda or other documentation reflecting the hours and<br />
content of the program.<br />
TO BE COMPLETED BY CTP<br />
Name<br />
Date of Submission<br />
Company<br />
Address<br />
City, ST, Zip, Country<br />
Phone/Fax<br />
Email<br />
Program Name<br />
2009 TMA Cross-Border <strong>Conference</strong><br />
Sponsoring Organization TMA Chapters<br />
Date(s) of Program September 11 – 12, 2009<br />
Program Description (i.e.,<br />
conference, webinar, seminar)<br />
Regional <strong>Conference</strong><br />
Signature<br />
TO BE COMPLETED BY EVENT SPONSOR<br />
I verify this individual’s hours of attendance at the program listed above.<br />
Hours of Attendance:<br />
Printed Name of Sponsoring<br />
Organization’s Representative<br />
Representative’s Title:<br />
Representative’s Signature:<br />
6.5 CPE credits [5 general credits; 1.5 Ethics credits]