Directorships
We served as a Director for
an Internet start-up at the request of a private equity firm. Activities
included, start-up advice, development of infrastructure, capital issues, and
sales visits to customers to assist management in the development of long-term
sales strategies. The company was ultimately sold to TMP Worldwide
(Monster.com)
We
served as an independent Director to a well-known Midwest confectioner
representing an equity constituency post Chapter 11 exit. Activities included updating corporate
governance in light of Oxley-Sarbanes, corporate financial realignment,
marketing and sales strategy, and development of both growth and exit
strategies. This Directorship was extremely active and dynamic and included a
determination that the Chapter 11 reorganization had been a failure. The Directors’ active participation in
corporate affairs was mandated, including attention to strategic positioning
initiatives and investigation into alternative exit strategies, ultimately
leading to the sale of the organization through a second bankruptcy
filing.
We acted as an independent Director for a Graphics Communication
Group who desired to expand into new markets and develop a merger and
acquisition strategy. We provided
advice on capital issues and on guiding the company’s growth efforts, including
the building and installation of a new manufacturing facility.
Another Directorship was for a 3-Dimensional, Multi-Media
company during which we advised on restructuring and turnaround issues
including, cash management, manufacturing processes, pricing policies, and
operational issues.
We are currently slated to serve as a Director, at the request
of the committee of unsecured creditors (now equity holders) of a fine chemical
refinery supplying the pharmaceutical, agricultural and manufacturing
industries. This company, who has
successfully emerged from Chapter 11 proceedings, requires independent and
strategic advice as it repositions itself in the chemical industry. We
anticipate advising on and playing a key role in developing strategies for both
growth and maximizing shareholder values while implementing effective
management techniques.
We served as the sole independent Director at the request of a
Bankruptcy trustee to a regional fuel and convenience store chain in Texas. The
parent company of this non-bankrupt organization had failed in Chapter 11;
however, this business enterprise was thriving and required independent thought
and focused management who understood the nature of the bankruptcy process and
its effects. We developed strategy, assured on-going operations and ultimately,
implemented an exit strategy. This was accomplished by successfully selling the
business in a $16 million cash sale approved by the Bankruptcy Court who had
retained jurisdiction.
Bankruptcy
Engagements|Crisis
Management |Interim
Management Engagements | International
Receivership