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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]

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