10 DAYS UNTIL WE REACH THE DEADLINE FOR SUBMISSIONS! NOMINATE YOURSELF OR A PEER TO BE RECOGNIZED AS ONE OF TURNAROUND'S BEST

Submit your nomination to recognize the best of the best in chapter programming and volunteer participation. Know of a colleague or a chapter overdue to be recognized? Or maybe it's your time to shine? Submit your nominations for the 2024 TMA Chapter & Individual Awards by Friday, June 21, 2024. Recipients will be announced in August. Awards will be presented in person at the 2024 TMA Annual in October in Philadelphia.

2024 TMA Individual Awards

Do you know someone who has gone above and beyond for TMA? Is there someone you know who is constantly bringing fresh ideas and initiatives to the organization? Nominate yourself or a colleague for the recognition they deserve! The individual awards recognize those who have put extra effort into their volunteer endeavors. See the nominating categories below:

• Individual Excellence
• Emerging Leader
• Chapter Impact

2024 TMA Chapter Awards

Does your chapter excel at the implementation of innovative ideas, engaging within the TMA Global community, or working to advance TMA’s efforts to improve diversity, equity, and inclusion? What about a chapter that has spearheaded a forward-thinking program? Nominate them for a 2024 TMA Chapter Award. See the nominating categories below:

• Diversity, Equity, and Inclusion
• International Chapter Excellence
• North American Chapter Excellence
• Most Innovative Program

Our new application platform makes it simple and easy to submit a nomination. Submit yours today! Deadline is June 21, 2024.

START YOUR PATH TO TMA LEADERSHIP TODAY! CAST YOUR NOMINATION FOR THE TMA GLOBAL EXECUTIVE BOARD OR BOARD OF TRUSTEES

Nominations are now open for the TMA Global Executive Board and Board of Trustees. This is your chance to step up and make a meaningful impact on the corporate restructuring community. Nominations are open to everyone, regardless of tenure within TMA or previous volunteer experience. Self-nominations are encouraged, but members may also nominate others. The submission deadline is July 12, 2024.

WHY SERVE ON THE BOARD?

• Shape the Future: Influence the direction of our profession.
• Build Connections: Forge deeper ties with industry leaders.
• Give Back: Support the next generation of turnaround professionals.

Preparing for Your Nomination 

As you prepare for your nomination, learn more about board positions, responsibilities, committee roles, and more. 

Executive Board Nominations

All officers serve a 1-year term. The following are Executive Board roles chosen by the Nominations Committee:

President-Elect

Vice President-Chapter Relations

Vice President-Conferences

Vice President-Communications

Vice President-Diversity, Equity and Inclusion

Vice President-Education

Vice President-Finance

Vice President-International Relations

Vice President-Membership

Secretary

Chair, Chapter Resource & Response Committee

Board of Trustees Nominations

Trustees serve two-year terms on the Board of Trustees.

The Board of Trustees’ main responsibility is to act as an intermediary between the Executive Board and the members and as a forum for members to receive information that allows the Association, its chapters, and international affiliates to better serve and represent the members. The Board of Trustees meets twice annually at the TMA Annual Conference and Distressed Investing Conference in person.

Preparing for Your Nomination 

As you prepare for your nomination, learn more about board positions, responsibilities, committee roles, and more. 

NOT READY TO SERVE ON THE BOARD? TRY SERVING ON A COMMITTEE

Want to raise your hand to serve on a TMA committee? Now is the time! The nomination process is your opportunity to indicate your interest in serving on a TMA committee.  Deadline submission is July 12.

DON'T STRIKE OUT AND MISS ATTENDING THE 2024 TMA NEXTGEN LEADERSHIP CONFERENCE. REGISTER TODAY

TMA is proud to announce Ryan Lavarnway as the keynote speaker for the 2024 TMA NextGen Leadership Conference in Toronto, Canada, Thursday, July 25, 2024.

Ryan is a former Major League Baseball player turned leadership coach.

Over his 15-year baseball career, he played for eight different major league teams, most notably the 2013 World Series Champion Boston Red Sox. Internationally, he represented Israel in both the World Baseball Classic and the Olympics.

In his second career as a leadership coach and keynote speaker, Ryan has quickly established himself as a dynamic and engaging figure. This year alone, he has delivered over 40 paid speeches including appearances at multiple international conferences and Fortune 400 companies. Ryan's message transcends sports, focusing on fostering a winning mindset and providing audiences with a roadmap to unlock their full leadership potential. His infectious enthusiasm and ability to connect with audiences leave a lasting impact on all who hear him speak.

KICKSTART YOUR CONFERENCE EXPERIENCE WITH THE TMA RESTRUCTURING BOOT CAMP

Plan to arrive a day early for the NextGen Leadership Conference and pack in a full day of learning by registering for the TMA Restructuring Boot Camp, which takes place Wednesday, July 24, at Gowling, WLG.

This interactive, two-part program, led by TMA Certified Turnaround Professionals and attorneys, offers a high-level overview of diving into a simulated distressed company. You'll uncover financial, management, and legal issues and discuss your approaches with experts.

While you don't need to attend the NextGen Leadership Conference to sign up for Boot Camp, it is a great way to add more professional development to your schedule while only paying once for travel. If you live in Toronto—it's a no-brainer!

Register now for the low rate of $149. Space is limited, so don't wait!

HOW TO REGISTER

If you're registering for the TMA NextGen Leadership Conference AND Boot Camp, simply add Boot Camp to your conference registration. If you're only registering for Boot Camp, complete the NextGen registration process but choose Boot Camp only.

LEARN ABOUT THE WITS OF ARTIFICIAL INTELLIGENCE IN TURNAROUND AT OUR NEXT FREE WEBINAR

Join expert panelists for a timely discussion on Wednesday, June 26, 2024, at 3:00 p.m. - 4:00 p.m. ET, addressing issues surrounding AI in the turnaround industry such as: What is A.I.? What does it mean for us as turnaround practitioners? How can we engage with it as a benefit?

1.2 CEU and CPE educational credits are available for this panel.

Panelists Include:

Daniel Brosious, Lionbridge Technologies

Anton De Leeuw

Molly Jobe, FTI Consulting 

Get ready for the ultimate showdown—where brains meet brilliance and strategy takes center stage! It's time to unleash your inner financial guru and restructuring wizard because the battle for bragging rights and the coveted trophy is on!

Announcing one of the eight TMA Turnaround Tourney teams:

TMA Dallas/ Fort Worth 

Edwin Clark, CR3 Partneoners, LLC

Sang Lee, PNC Business Credit

Andrew Masotta, Stout Capital, LLC

Tom Zavala, Haynes & Boone 

• Final Showdown: Mark your calendars for October 16, 2024, where the top contenders will battle it out LIVE at the TMA Annual in Philadelphia! The Case Competition Committee will provide you with all of the materials you will need three weeks before the final round.



• Award Ceremony: On October 17, 2024, the TMA Tourney Champion will be honored and awarded their trophy at the TMA Annual Award Ceremony!

TMA CELEBRATES PRIDE MONTH

TMA celebrates diversity, equality, and inclusion by standing proudly with our LGBTQ+ community as we honor #PrideMonth. Take a listen to Janice B. Grubin, Barclay Damon on the importance of DE&I efforts in the workplace. Together, let's continue to foster a culture where everyone feels valued, respected, and free to be their authentic selves. #TMAPride #BetterTogether

TMA sends the TMA Monthly International Report to our international members and subscribers. If you'd like to learn more about what's happening across the globe, become a subscriber!

THE 2024 NORTHEAST REGIONAL IS TAKING YOU TO THE RACES FOR NETWORKING AND MORE

The TMA Northeast Regional Conference will take place August 28-29, 2024, at the Saratoga Casino Hotel in Saratoga Springs, New York. The four-diamond luxury hotel reflects the timeless elegance of Saratoga with a commitment to customer service and the finest amenities. This premier joint event includes networking, golf, tennis, the Saratoga Race Course, and professional development opportunities.

Conference registration includes all activities at the casino hotel: reception, breakfast, educational sessions, golf, tennis, and the race track. The early bird discount available until August 5.

#TMACONNECTIONS

Last week was another active week for the TMA community on social media. Nothing makes us happier than when our members are sharing with each other. We hope you feel the connectivity!

Help us build our social media community! Post your experiences using the hashtag #TMAConnections to help us keep everyone connected.

TMA INDIA BECOMES A PART OF THE TMA BIG TENT

TMA ANNUAL EUROPEAN & INTERNATIONAL SYMPOSIUM IN LONDON

TMA CHICAGO/MIDWEST ANNUAL GOLF OUTING AND PODCAST WERE BOTH A HOLE -IN-ONE

TMA NEW JERSEY TOOK TO THE GREEN FOR NETWORKING

TMA DETROIT CELEBRATED SOME OF THEIR BRIGHTEST STARS AT THEIR ANNUAL LEADERSHIP AWARDS

TMA BRAZIL WEBINAR SERIES ARE HITTING TRENDING TOPICS

CTPS IN NORTH AMERICA & EUROPE ARE PAVING THE WAY

Curt Flood in baseball, the Dave Clark Five in rock ‘n’ roll, Oprah Winfrey in entertainment, Steven Jobs in technology, and Sheila Smith in turnaround and restructuring work. What do all these figures have in common? They were trailblazers and luminaries in their field—and just darn awesome. What might not be so obvious is the why. No doubt you are familiar with some of these people, though perhaps not all. We will fill in that gap later.

The CTP's Foundation & The Early Days

Historians will generally argue how important it is to understand and keep history alive so that those who are succeeding today and accomplishing greatness realize and remember that they are standing on the shoulders of those who come before them. With that backdrop, the Certified Turnaround Professional (CTP) Program and the European Certified Turnaround Professional Program are no exceptions. It all started with smart people with a concept, along with the vision, dedication, and effort to turn it into reality.



The origins of the CTP date back to the early 1990s, if not slight earlier . The early founders of the Turnaround Management Association believed to add credibility to not only the organization but the entire profession that a certification was critical. And since one did not exist for the restructuring industry, it needed to be created in a way like what the CPA is to the accounting profession. TMA partnered with Northeastern University, where Harlan Platt, professor of accounting at the highly regarded university in Boston, helped shape the early stages of the program. This affiliation with a recognized university would continue to provide creditability to TMA as well its newly established certification program.

Read the entire article by Robert D. Katz, CTP, Managing Director, Eisner Advisory Group LLC

UPCOMING CHAPTER EVENTS

TMA members are encouraged to attend events hosted by other TMA chapters. When rates apply, attendees pay the same rate that members of the local chapter do!

June 11

TMA Chicago/Midwest 2024 Pro Bono Back2School Volunteer Event hosted by TMA Chicago/Midwest Chapter

TMA Maine Panel and Summer Social hosted by TMA Northeast Chapter

June 12

Member & Sponsor Partner Appreciation Breakfast hosted by TMA Minnesota Chapter

June 13

LASTgen Social Event hosted by TMA Minnesota Chapter

June 17

TMA Detroit 27th Annual Golf Outing hosted by TMA Detroit Chapter

June 18

New Members Breakfast hosted by TMA Minnesota Chapter

NorCal Fireside Chat: Subchapter V hosted by TMA Northern California Chapter

TMA NYC Summer Event: Chrome & Cocktails at the Members Only Classic Car Club hosted by TMA New York City Chapter

TMA SoCal Summer Social hosted by TMA Southern California Chapter

June 19

2024 TMA Chesapeake DC United Soccer and Networking Event hosted by TMA Chesapeake Chapter

PLEASE WELCOME THE FOLLOWING NEW MEMBERS

Charlie Bacon, SouthStar Capital (TMA Carolinas)

Johanna Daley (TMA Rocky Mountain)

Sean Eimer, Sound Point Capital Management, L.P. (TMA New York City)

Robin Evans, Katten Muchin Rosenman LLP (TMA Chicago/Midwest)

Jon Henes, C Street Advisory Group (TMA New York City)

Pranshu Kumar, Columbia Business School (TMA New York City)

Henry Pontak, Ernst & Young LLP (TMA Southern California)

Kyle Smith, Dentons Bingham Greenebaum LLP (TMA Northeast)

Sanket Thosani (TMA New York City)

Reed Upson, G2 Capital Advisors (TMA Rocky Mountain)

Saudi Aramco holding LNG talks with US firms Tellurian, NextDecade, sources say (more)

NYCB names CEO Joseph Otting to additional role of executive chairman (more)

WeWork CEO Tolley to step down as company exits bankruptcy (more)

THANK YOU TO OUR SPONSORS!

The Turnaround Management Association (TMA) is the most professionally diverse organization in the corporate restructuring and renewal, and corporate health space. Established in 1988, TMA has nearly 10,000 members in 54 chapters worldwide, including 34 North American chapters. Members include turnaround practitioners, attorneys, accountants, advisors, liquidators, consultants, as well as academic, government employees, and members of the judiciary. Visit turnaround.org for more information and to join.

To sponsor the TMA Weekly Report, please contact Scott Zeller.