Agenda
Monday, March 24
9:00 a.m. – 4:00 p.m. CTP Accounting & Finance Course*
4:30 p.m. – 7:00 p.m. CTP Accounting & Finance Exam*
Tuesday, March 25
8:00 a.m. – 3:00 p.m. CTP Management Course*
3:30 p.m. – 7:00 p.m. CTP Management Exam*
Wednesday, March 26
8:30 a.m. – 10:30 a.m. Certification Oversight Committee Meeting
9:00 a.m. – 4:00 p.m. CTP Law Course*
11:00 a.m. – 1:00 p.m. Executive Committee Meeting
1:00 p.m. – 2:00 p.m. Board of Directors/Certification Oversight Committee Lunch
3:00 p.m. – 5:00 p.m. Board of Directors Meeting
4:30 p.m. – 7:00 p.m. ACTP Law Exam*
Thursday, March 27
8:00 a.m. – 10:00 a.m. Chapter Presidents Meeting
9:00 a.m. – 8:30 p.m. Registration Desk Open
10:00 a.m. Golf Clinic and Tournament*
Refreshment Carts
Co-sponsored in part by BDO Consulting and Great American Group
(please see page 8 for complete timing and event details)
1:00 p.m. – 3:00 p.m. Professional Women’s Networking Group Luncheon*
Co-sponsored by Fennemore Craig, P.C. and Quarles & Brady LLP
1:30 p.m. Tennis Tournament*
Sponsored by Melville Capital Life Settlements
6:00 p.m. – 7:00 p.m. Diversity Reception
7:00 p.m. – 8:30 p.m. Opening Reception
Co-sponsored by Hunt Special Situations Group, L.P.; Insight Equity; and Winston & Strawn LLP
Friday, March 28
7:00 a.m. – 7:30 p.m. Registration Desk Open
7:30 a.m. – 8:00 a.m. Continental Breakfast
Co-sponsored by McDonald Hopkins LLC and Medallion Business Credit
8:00 a.m. – 9:15 a.m. Conference Opening and Keynote Presentation by Andrew H. Card Jr., Former White House Chief of Staff
Co-sponsored in part by Conway MacKenzie & Dunleavy and LBC Credit Partners
9:15 a.m. – 10:30 a.m. “Recent Trends in Distressed M&A”
10:30 a.m. – 11:00 a.m. Coffee Break
Co-sponsored by Atlas Partners, LLC and Bond Schoeneck & King LLC
11:00 a.m. – 12:15 p.m. CONCURRENT SESSION A
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A1: “When Did Healthcare Become Hot?”
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A2: “International Trends: Global Financial Markets”
12:15 p.m. – 1:15 p.m. Lunch Service
1:30 p.m. – 2:15 p.m. Keynote Presentation by Dr. David E. Altig, Federal Reserve Bank of Atlanta
Lunch and keynote presentation co-s
ponsored by CIT Corporate Finance-National Restructuring Group and Executive Sounding Board Associates Inc.
2:15 p.m. – 3:30 p.m. CONCURRENT SESSION B
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B1: “Subprime Mortgages – The Fallout Continues: Observations and Case Studies”
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B2: "Bankruptcy Beyond Borders: From Hedge Funds to Herbal Supplements – Why Chapter 15 Matters to You"
3:30 p.m. – 4:00 p.m. Coffee Break
Sponsored by National City Capital Markets
4:00 p.m. – 5:30 p.m. Advanced Educational Session: “An Entrepreneur's Ride Through the American Bicycle Industry”*
6:30 p.m. - 7:30 p.m. Cocktail Reception
Co-sponsored in part by Accord Financial, Inc. and GlassRatner Advisory & Capital Group LLC
7:30 p.m. – 9:45 p.m. Dinner, TMA Awards Presentation and Keynote Presentation by Pat Williams, Senior Vice President, Orlando Magic
Co-sponsored in part by Bayside Capital
Saturday, March 29
8:00 a.m. – 12:00 p.m. Registration Desk Open
8:00 a.m. – 8:45 a.m. Continental Breakfast
Co-sponsored in part by Industrial Opportunity Partners
9:00 a.m. – 10:15 a.m. “Global Business Roundtable: A Global Survival Plan”
10:15 a.m. – 10:45 a.m. Coffee Break
Co-sponsored in part by NRC Realty Advisors LLC and SAK Management Services, LLC
10:45 a.m. – 12:00 p.m. “Distressed Real Estate: How Do You Catch a Falling Knife?”
* Additional Fee Required
Please note that private company events may not conflict with any scheduled activity of the TMA 2008 Spring Conference.
Keynote Speakers
Friday, March 28, 8:00 a.m. – 9:15 a.m.
Andrew H. Card Jr., White House Chief of Staff (2000-2006)
On November 26, 2000, Andrew H. Card, Jr., was appointed Chief of Staff in the presidential administration of George W. Bush. Card was chosen because of his impressive service record in the public and private sector. Card was the second-longest serving White House chief of staff. From 1992 until 1993, Card served as the 11
th U.S. Secretary of Transportation under President George Bush. From 1988 to 1992, Card served in President Bush's Administration as Assistant to the President and Deputy Chief of Staff. He managed the daily operations of the White House staff and participated in the full range of economic, foreign and domestic policy development. Card served in President Reagan's Administration as Special Assistant to the President for Intergovernmental Affairs and subsequently as Deputy Assistant to the President and Director of Intergovernmental Affairs, where he was liaison to governors, statewide elected officials, state legislators, mayors and other elected officials. Previously, Card was General Motors' Vice President of Government Relations, where he directed the company's international, national, state and local government affairs activities and represented GM on matters of public policy before Congress and the Administration. From 1993 to 1998, Card was President and CEO of the American Automobile Manufacturers Association (AAMA). Currently, Card is a senior counselor at the global public relations firm Fleischman-Hillard, serving on the international advisory board. He also serves on the board of directors at Union Pacific Corporation.
Friday, March 28, 12:15 p.m. – 2:15 p.m. (time reflects entire lunch session)
Dr. David E. Altig, Senior Vice President and Director of Research, Federal Reserve Bank of Atlanta
Dr. David E. Altig is senior vice president and director of research at the Federal Reserve Bank of Atlanta. In addition to advising the Bank president on monetary policy and related matters, Altig oversees the Bank's research and public affairs departments and serves as a member of the Bank's management and discount committees. Altig is also an adjunct professor of economics in the graduate school of business at the University of Chicago and the Chinese Executive MBA program sponsored by the University of Minnesota and Lingnan College of Sun Yat-Sen University. Prior to joining the Atlanta Fed, Altig served as vice president and associate director of research at the Federal Reserve Bank of Cleveland. Before joining the Cleveland Fed, Altig was a faculty member in the department of business economics and public policy at Indiana University. Altig's research is widely published and primarily focused on monetary and fiscal policy issues. He has also served as editor for several conference volumes on a wide range of macroeconomic and monetary-economic topics.
Friday, March 28, 7:30 p.m. – 9:45 p.m. (time reflects entire dinner session)
Pat Williams, Senior Vice President, Orlando Magic
After serving for seven years in the United States Army, Pat Williams spent seven years in the Philadelphia Phillies organization, two as a minor league catcher and five in the front office. He also spent three years in the Minnesota Twins organization. Since 1968, he has been affiliated with teams in Chicago, Atlanta, and Philadelphia, including the 1983 World Champion 76ers, and now the Orlando Magic, which he co-founded in 1987 and helped lead to the NBA finals in 1995. Twenty-three of his teams have gone to the NBA playoffs and five have made the NBA finals. In 1996, Williams was named as one of the 50 most influential people in NBA history by a national publication. In his NBA career, Williams drafted Charles Barkley, Shaquille O’Neal, Maurice Cheeks, Andrew Toney and Darryl Dawkins and signed Billy Cunningham, Chuck Daly, and Matt Guokas to their first professional coaching contracts. Nineteen of his former players have become NBA head coaches, and nine have become college head coaches while seven have become assistant NBA coaches. In the last 12 years, Williams has completed 44 marathons, including the Boston Marathon 11 times, and climbed Mt. Rainier. He is a weightlifter, Civil War buff and serious baseball fan. Williams is a member of the Wake Forest Sports Hall of Fame after catching for the Deacon baseball team, including the 1962 Atlantic Coast Conference Championship team. He is also a member of the Delaware Sports Hall of Fame.
General Sessions
Friday, March 28, 9:15 a.m. – 10:30 a.m.
“Recent Trends in Distressed M&A”
Moderator: Michael A. Fixler, CM&D Capital Advisors LLC
Panel: Stephen A. Boyko, Proskauer Rose LLP; Christopher Calabrese, LBC Credit Partners; William J. Drmacich, CIT Business Capital; Adam R. Gottlieb, Industrial Opportunity Partners; Dennis Kirby, American Capital Strategies
The general M&A market set record deal volumes over the last couple of years while distressed M&A muddled through a strong economic and credit environment. With a much weaker economic backdrop and tighter credit markets, distressed M&A activity is expected to accelerate. What should distressed M&A participants expect?
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Are deals still getting done in the middle market?
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Are those deals getting done with higher equity contributions?
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How are people dealing with non-fully underwritten deals?
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Difficulties of changing seller expectations
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MAC outs/break up fees
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Lower risk tolerance for lenders; “just get me out” syndrome
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Re-emergence of strict covenants
Given the anticipated increase in distressed M&A activity, this panel will focus on the current state of the M&A and credit markets for distressed transactions.
CONCURRENT SESSION A
Friday, March 28, 11:00 a.m. – 12:15 p.m.
A1: “When Did Healthcare Become Hot?”
Moderator: Suzanne Koenig, SAK Management Services, LLC
Panel: Roberta A. DeAngelis, Executive Office for U.S. Trustees; Carol E. Jendrzey, Cox Smith Matthews Incorporated; Keith J. Shapiro, Greenberg Traurig LLP
Healthcare has been heating up the restructuring industry ahead of all the other areas of business. The challenges of low reimbursement, slow pay and debtors’ ability to manage their cash flow while caring for patients and providing quality care has made for a very tenuous situation. The patient care ombudsman continues to jump through hurdles while explaining to bankruptcy professionals his/her place in the bankruptcy playing field and the relevance of enhancing the debtors’ assets, who are the very patients or residents of the debtor.
A2: “International Trends: Global Financial Markets”
Moderator: Brad Coulter, CTP, O’Keefe & Associates Consulting LLC
Panel: Beth Ann Bovino, Standard & Poor’s; Rick S. Chance, KPMG Corporate Finance LLC; James H. Zukin, Houlihan Lokey Howard & Zukin
Economists project a slowdown in global growth in 2008. Given the financially intertwined nature of the global economy today, what are the implications of market corrections and losses in the United States and elsewhere on global credit? Are we heading for a global credit crunch and has unprecedented growth in emerging markets in recent years created bubble effects in some emerging economies that are due for a correction? This panel examines a number of key issues affecting international financial markets, including:
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Strength, stability and vulnerabilities within the international financial system that could foreshadow the next international financial crisis or a global credit crunch.
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The effect of U.S. credit woes on international markets, its potential contagion effect, and the impact on global credit and liquidity.
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Current hot spots and watch spots for non-performing loans and distressed investing
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Impact on global markets of the emergence of sovereign wealth funds
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Implications of lingering problems in Japan and a potential slowdown in China on world markets.
CONCURRENT SESSION B
Friday, March 28, 2:15 p.m. – 3:30 p.m.
B1: “Subprime Mortgages – The Fallout Continues: Observations and Case Studies”
Moderator: David W. Wirt, Winston & Strawn LLP
Panel: John Anderson, RBS Greenwich Capital; Timothy R. Coleman, The Blackstone Group; Harry J. Devens, The Bear Companies; Peter S. Partee Sr., Hunton & Williams LLP
As the subprime crisis continues to dominate business and political headlines, industry experts debate the future for the subprime industry and the implications on the lending sector and broader economy as a whole. This panel of experts will discuss topics that include:
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A comparison and contrast between the "consensual" workout of the distressed subprime lender versus a bankruptcy proceeding.
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Legal and practical implications respecting valuation issues and collateral realization: debates within the capital structure.
Looking forward: opportunities and potential dangers in the subprime industry for 2008 and predictions on the fallout
B2: "Bankruptcy Beyond Borders: From Hedge Funds to Herbal Supplements – Why Chapter 15 Matters to You"
Moderator: Linc A. Rogers, Blake, Cassels & Graydon LLP
Panel: Jay A. Carfagnini, Goodmans LLP; Alesia Ranney-Marinelli, Skadden, Arps, Slate, Meagher & Flom LLP; Lawrence E. Young, AlixPartners
The principal vehicle through which foreign insolvency proceedings will enter the United States is Chapter 15 of the U.S. Bankruptcy Code. Proceedings commenced under this Chapter will dictate how asset values are maximized, how proceeds of realization are distributed and what role foreign courts will play in determining the rights and interests of U.S. stakeholders. Recent cases in connection with the recognition of foreign proceedings involving the ShpinX and Bear Stearns hedge funds demonstrate that Chapter 15 will be at the forefront of some of the most complex, intriguing and ground breaking cases. The panel of leading experts will focus on the implications of the recent cases dealing with failed hedge funds, the MuscleTech Chapter 15 proceedings dealing with mass tort litigation arising from the sale of herbal supplements and the real challenges and opportunities for turnaround professionals in dealing with cross-border insolvency cases.
Friday, March 28, 4:00 p.m. – 5:30 p.m.
Advanced Educational Session: “An Entrepreneur's Ride Through the American Bicycle Industry”
Chris Hornung, Founder and Former CEO, Pacific Cycle
$95/person (conference registration is required to attend this session)
Pacific Cycle, Inc. is a major bicycle manufacturer founded in 1983 and headquartered in Madison, Wisconsin, whose brands include DYNO, GT, InSTEP, Mongoose, Murray, Pacific Outdoors, Powerlite, Roadmaster and Schwinn. Virtually all of these brands were unprofitable and many languished in bankruptcy prior to their acquisition by Pacific Cycle. The first portion of the session describes the process by which these distressed assets were acquired. Second, this session describes the significant changes in marketing, distribution channel management, manufacturing, brand management, operations and market segmentation strategies that Pacific Cycle employed to turnaround these brands. For example, Pacific Cycle is the only bicycle manufacturer to sell different bikes in different channels. Its bicycles are sold by Independent Bicycle Dealers (IBD) and mass merchandisers such as Target, Wal-Mart and The Sports Authority. Collectively, these operational changes built considerable value in what was considered a dead industry. Finally, the session concludes with a discussion of the 2004 acquisition of Pacific Cycle by Dorel Industries.
Saturday, March 29, 9:00 a.m. – 10:15 a.m.
“Global Business Roundtable: A Global Survival Plan”
Moderator: Gordon W. Johnson, EM Advisors LLC
Panel: Russell P. Brown, LehmanBrown; Brian Cassady, Black Management Advisors; Cristiana Ferraz, Lehman Brothers of Brazil
The global economy slowed slightly in 2007 and is expected to slow further in 2008, due to weaker growth in rich countries and a deepening global credit crunch. With prospects for a recession growing in the U.S. and a weakening dollar, coupled with rising commodity prices and increased market volatility, could the global economy be at a tipping point? This panel of business leaders and investment professionals surveys the current state of investment progress globally and discusses key factors, trends and risks for doing business in a more volatile global economy. The panel will address:
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Comparative perspective on doing business globally and key considerations and risks for investing in emerging markets
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The effect of slowing growth in the U.S. and Europe on emerging market exports and growth
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Convergence and divergence on the globalization track; business survival strategies in a global economy
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The deepening global credit crunch and risk management strategies to cope with more volatile financial markets
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Rise of the BRIC and other emerging market trends, hot spots, not spots and watch spots for distressed investing in emerging markets
Saturday, March 29, 10:45 a.m. – 12:00 p.m.
“Distressed Real Estate: How Do You Catch a Falling Knife?”
Moderator: Noel R. Boeke, Holland & Knight LLP
Panel: Ron Glass, GlassRatner Advisory & Capital Group, LLC; Navin N. Nagrani, Hilco Real Estate LLC; Paul S. Singerman, Berger Singerman P.A.; Natalie B. Wilensky, CIT Commercial Finance
It is no secret that the residential real estate market is faced with challenges, and there have been many workouts and bankruptcies associated with the homebuilder/developer segment of the industry. Join an expert group of panelists as they discuss issues related to this troubled industry, as well as the broader affects on commercial real estate. Some highlights of the discussion include:
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What are the economic factors that led to the downturn and subsequent failure of many homebuilders and developers?
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How are these residential restructurings being handled? Reorganizations or liquidations?
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An overview of some of the main issues and pitfalls associated with a homebuilder restructuring
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What’s going on in the real estate capital markets?
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Has the subprime meltdown had an impact on the usage and demand for CMBS and CDO products?
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Looking at commercial real estate – where is there distress today; where will there be distress tomorrow?
CTP Certification Program
The Certified Turnaround Professional (CTP) designation was launched in 1993 to monitor and maintain a program of certification for professionals engaged in the turnaround, crisis management, restructuring and renewal of troubled businesses, organizations and associations. The CTP program encourages, measures and recognizes professional excellence and expertise related to workouts, restructurings and corporate renewal. Certification is available to all qualified professionals. Although the examination may be taken before completing other requirements, all standards must be met prior to certification. For more details about the certification program, courses and exams, please visit www.actp.org or contact Manager of Certification Nicole Gibby at ngibby@turnaround.org or 312-242-6034.
All courses and exams listed below will be held at the Ritz Carlton Grande Lakes. Spring Conference registration is not required to register for the courses or exams.
Body of Knowledge (BOK) Courses
$400/course
Accounting & Finance, 9:00 a.m. – 4:00 p.m.
Management, 8:00 a.m. – 3:00 p.m.
Law, 9:00 a.m. – 4:00 p.m.
Taught by a business school professor, practicing attorney and United States Bankruptcy Judge, the BOK courses are open to all corporate renewal professionals seeking a comprehensive understanding or refresher on turnaround management, as well as for those individuals pursuing the CTP designation.
CTP Certification Exam
$250/section
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Monday, March 24, 4:30 p.m. – 7:00 p.m.
Accounting & Finance
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Tuesday, March 25, 3:30 p.m. – 7:00 p.m.
Management
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Wednesday, March 26, 4:30 p.m. – 7:00 p.m.
Law
The CTP exam is based upon a comprehensive body of knowledge covering the areas of accounting & finance, management and law. The times listed above indicate maximum time allowed for each exam section. Individuals may only sit for the CTP exam after their application for certification has been accepted and approved by the Standards Committee and their application fee has been received. An application for certification may be printed from www.actp.org. Please use the registration form in this brochure to sign up for the exam(s). Note that the certification application fee may not be paid using the registration form in this brochure.
Registration Policies
Body of Knowledge Courses/Exams
Registration forms must be mailed or faxed.
Phone registration is not accepted. Registration is not considered complete until payment is received and processed. Written confirmation of your registration and appropriate course materials will be sent by UPS Ground Service within three business days of receipt of your registration. The confirmation notice will contain complete logistical details. The course materials are an integral part of the course experience and/or exam preparation. To ensure that you are adequately prepared for the course(s) and/or exam(s), you are encouraged to send a registration form in a timeframe that ensures adequate time to receive and review the materials. If you would like to receive the course materials in a timelier manner than UPS Ground Service will allow, please apply the appropriate surcharge to your total amount due. Surcharges are detailed on the registration form. All payment should be made in U.S. dollars to TMA.
Cancellation/Substitution Policies
Body of Knowledge (BOK) Courses
Notification of cancellation must be received in writing (e-mail is acceptable). Cancellations will not be reviewed or processed until they are received in writing.
Phone cancellation is not accepted. If your written notification of cancellation is received up to ten business days prior to the start of the BOK course, you will be issued a full credit to be used for registration for any BOK course in the next 12-month period. Cancellations received within ten business days of the start of the course will be issued a credit, less a $75 processing fee, to be used for registration for any BOK course in the next 12-month period.
No refunds will be given.
Substitutions for BOK courses are permitted at any time. Notification of substitution must be submitted in writing (e-mail is acceptable). Substitutions will not be reviewed or processed until they are received in writing.
Phone substitution is not accepted. The substitute must be from the same firm as the original registrant, and the substitution notice should include accurate contact information for the substitute registrant.
Cancellation/Substitution Policies
Exam
Notification of cancellation must be received in writing (e-mail is acceptable). Cancellations will not be reviewed or processed until they are received in writing.
Phone cancellation is not accepted. For each cancelled exam section, you will be issued a full credit to be used for the same exam section in the next 12-month period. Substitutions are not allowed for the exam.
If your cancellation notice includes cancellation of the TMA 2008
Spring Conference, please note that the conference cancellation policies detailed later in this document will apply to the conference portion of your registration. The policies above will apply to the courses and exams. TMA’s conference policy regarding one cancellation processing fee for the total of all registered events will not apply if one or more of those registered events includes a certification course or exam.
Recreational Activities
Golf Clinic and Tournament
Thursday, March 27
10:00 a.m. Check-in begins
10:30 a.m. Golf clinic
11:30 a.m. Boxed lunches/Warm up
12:30 p.m. Shotgun start
6:00 p.m. Prizes
$275/person
Join your colleagues on the course at the Grande Lakes resort for TMA’s golf clinic, led by Ritz Carlton golf professionals, and tournament. Range balls, boxed lunches and the beverage cart during play are included in the registration fee. Prizes will be awarded at the completion of play. If you require golf club rental, please complete the appropriate portion of the registration form. TMA will place the rental order; attendees are responsible for full payment on the day of the tournament. Golf club rental is $75; golf shoe rental is $25.
You must be a registered attendee of the 2008 Spring Conference to participate in the golf tournament. On the registration form, you may indicate individuals with who you wish to play, and TMA will do its best to accommodate your request. If you purchase more than one golf tournament registration, you must indicate the names of those for whom you are purchasing tournament participation. Because TMA maintains a waiting list for this event, the association will not hold space for this event (meaning that TMA will not reserve a golf space unless the name of a registered attendee is provided).
Space in the golf tournament is limited. Individuals may register on a first-come, first-served basis, and TMA will maintain a waiting list for this event. If you are on the waiting list, TMA will process the tournament registration fees. If the event is still sold out at the time of play, TMA will reimburse your golf tournament registration fees in full. Please carefully review the cancellation and substitution policies further in this document for complete details about canceling or substituting for the golf tournament.
The course at the Grande Lakes resort requires collared/mock short sleeve shirts, Bermuda length shorts or non-denim trousers and non-metal or any flat rubber soled shoes. Women may wear sleeveless shirts. No denim of any kind is allowed.
Golf Clinic and Tournament Sponsors
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Beverage cart sponsor – BDO Consulting and Great American Group
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Golf Hole Sponsors: LSQ Funding Group and Tiger Valuation Services LLC
Mixed Round Robin Tennis Tournament
Thursday, March 27, 1:30 p.m. (boxed lunch at 1:00 p.m.)
$75/person
Join your colleagues at the Grande Lakes Tennis Center for the mixed round robin tennis tournament. Attendees must be present by 1:15 p.m. Boxed lunch is included in the tournament fee and will be served prior to the tournament. Appropriate tennis attire and shoes are required. Racquets may be rented for $5/day; rental should be arranged directly through the tennis center. Tennis balls may be purchased in sets of three for $5/set.
You must be a registered attendee of the 2008 Spring Conference to participate in the tennis tournament. If you purchase more than one tennis tournament registration, you must indicate the names of those for whom you are purchasing tournament participation on the registration form. Because TMA maintains a waiting list for this event, the association will not hold space for this event (meaning that TMA will not reserve a tennis space unless the name of a registered attendee is provided).
Space in the tennis tournament is limited. Individuals may register on a first-come, first-served basis, and TMA will maintain a waiting list for this event. If you are on the waiting list, TMA will process the tournament registration fees. If the event is still sold out at the time of play, TMA will reimburse your tennis tournament registration fees in full. Please carefully review the cancellation and substitution policies further in this document for complete details about canceling or substituting for the tennis tournament.
Professional Women’s Networking Group Luncheon
Thursday, March 27, 1:00 p.m. – 3:00 p.m.
$50/person
Join your colleagues on the DaVinci Terrace for an afternoon of networking and relaxation. Buffet lunch and beverages are included in the registration fee. You must be a registered attendee of the 2008 Spring Conference to participate in this event.
Diversity Reception
Thursday, March 27, 6:00 – 7:00 p.m.
The TMA Diversity Subcommittee invites young professionals, women and minorities to attend a reception in their honor. Expand your network with other TMA professionals and peers who have similar interests and experiences as you by attending this reception. This reception is included in the conference registration fee.
General Information
Registration Fees
Unless otherwise indicated, registration fees include educational sessions, meals and social functions. Conference events are not prorated. To attend any portion of the conference, you must register for the entire conference at the appropriate registration fee indicated below.
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On or before 2/29/08
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After 2/29/08
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Member
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$595
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$645
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Nonmember
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$795
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$845
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Judge/Full-time Academic/Government Employee
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$375
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$400
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Spouse/Guest Registration
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$325
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$325
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The registration fee allows admission for one individual only. Registrations may not be shared. Each registered attendee will receive a name badge at the conference that must be worn for admittance into all educational sessions, meals and social functions.
Registration Categories
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The member registration fee is for current, active TMA members only. Please note that TMA membership is on an individual basis. Unless otherwise appropriate as defined below, all other attendees will be charged the nonmember fee. If it comes to be that an individual registers at the member rate, but TMA has no membership record, the individual will be charged the nonmember fee unless s/he can produce proof of membership.
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For the full-time academic/government employee fee, a full-time academic is defined as a student enrolled in at least 12 credit hours per term at an accredited university or an instructor employed on a full-time basis by an accredited university. If you register at this rate, please submit appropriate documentation with your registration form.
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Spouse/guest registration fees are for family members, friends and/or non-industry related individuals. Neither TMA members nor individuals who practice in the corporate renewal industry but are not TMA members are eligible for this rate. Spouse/guest registration includes entrance to all meals and social functions. Spouses/guests will receive a name badge at the conference that must be worn for admittance into all meal and social events. Meals and social functions are not available on a pro-rated basis. To attend any of the sessions included in this registration fee, a spouse/guest must be registered at the full rate indicated above.
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On-site registration for all member, nonmember and full-time academic/government employee registrants will be subject to an additional $145 fee (added to the post-February 29 rates). This $145 fee does not apply to the advanced educational session, certification courses or exams, spouse/guest registration or recreational activities. Registration fees are indicated above.
Submitting Your Registration
Registration forms must be mailed or faxed to TMA at 150 S. Wacker Drive, Ste. 900, Chicago, Ill., 60616, Fax: 312-578-8336. You may also register on-line. Phone registration is not accepted. Registrations are not considered complete until payment is received. Individuals who register at the early rate but fail to provide payment before the February 29, 2008, deadline will be charged the regular registration fee. Please note that payment must be received, not postmarked, by February 29. Postmarks will not be considered.
Registered attendees will receive confirmation of their registration by e-mail. Please carefully review this confirmation notice for accuracy and please print a copy for your records. Changes must be submitted in writing by fax to 1-312-578-8336 or e-mail to Catherine Cram at ccram@turnaround.org.
Only on-site registration forms will be accepted after March 19, 2008. TMA will not accept any registration forms in advance of the conference after March 19, 2008.
Please note that there is a $145 on-site surcharge for certain registration categories. Please consider submitting your registration prior to March 19, 2008.
Registration List
To ensure your inclusion on the registration list that is distributed on-site, your registration form, with payment, must be received at TMA’s International Headquarters by
5:00 p.m. CST on Friday, March 14, 2008. TMA cannot guarantee that individuals who submit registration forms after this date will be included on the registration list.
Registration Questions
Registration questions may be directed to Catherine Cram at 1-312-242-6036 or
ccram@turnaround.org.
Drink Tickets
Each registered attendee and registered spouse/guest of the 2008 Spring Conference will receive four complimentary drink tickets with their registration materials. These tickets are for use at the Opening Reception on Thursday, March 27 and the Cocktail Reception on Friday, March 38. These tickets are for alcoholic beverages only (beer, wine, and liquor). Soft drinks, juices and water are available at no charge. The bars at these receptions will not accept cash. Additional drink tickets may be purchased at the TMA registration desk for $25 per book of four tickets. Drink tickets are not required at any other events.
Attire
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Educational Sessions and Social Functions: Casual (cotton pants, polo-type shirts, slacks, skirts)
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Golf: The course at the Grande Lakes resort requires collared/mock short sleeve shirts, Bermuda length shorts or non-denim trousers and non-metal or any flat rubber soled shoes. Women may wear sleeveless shirts. No denim of any kind is allowed.
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Tennis: Appropriate tennis attire is requested.
Hotel Information
To reserve a room at the Ritz Carlton Grande Lakes, call 800-682-3665 or 407-206-2400. Mention Turnaround Management Association to receive the specially negotiated room rate of $319/night single occupancy or $339/night double occupancy. This rate is only available through Wednesday, February 20, 2008. TMA cannot guarantee that the room block or hotel will not sell out before then. Please make your reservation soon. The Ritz Carlton Grande Lakes is located at 4012 Central Florida Parkway, Orlando, FL, 32837. The guest fax number is 407-206-2401.
TMA requires that a conference registration form (including payment) be received within ten business days of making a hotel reservation. TMA reserves the right to terminate the hotel reservation of any individual who does not comply with this policy.
Continuing Education Credit
Educational sessions at the 2008 Spring Conference provide an overview and update of topics relevant to the practice of corporate renewal. There is no prerequisite or advance study necessary to attend the 2008 Spring Conference or to qualify for continuing education credit. For information regarding administrative policies such as complaints or refunds, please contact TMA at 1-312-578-6900.
Conference Program
(excludes Advanced Educational Session)
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CPAs —maximum of 7.5 hours of CPE
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CTPs – maximum of 7.5 hours of CPE
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Attorneys—7.5 hours (50-minute hour) or 6.25 hours (60-minute hour). CLE applications are pending with individual state bars. TMA cannot guarantee state bar approval. Please visit www.turnaround.org for updates.
Advanced Educational Session
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CPE—maximum 1.5 hours
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CTPs—maximum 1.5 hours
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CLE —1.5 hours (50-minute hour) or 1.8 hours (60-minute hour).
Body of Knowledge Courses
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CPE—maximum 6.5 hours
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CTPs—maximum 6.5 hours
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CLE —upon request, TMA can apply to individual states for the law section
The Turnaround Management Association is registered with the National Association of State Boards of Accountancy as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding sponsors may be addressed to The National Registry of CPE Sponsors, 150 Fourth Avenue North. Ste. 700, Nashville, TN 37219-2417. Website: www.nasba.org.
Cancellation and Substitution Policies
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Policies regarding the certification program are detailed previously in this document. Policies regarding recreational activities are detailed further below in this document.
Cancellation Policy
Notification of cancellation must be submitted in writing (e-mail is acceptable). Cancellations will not be reviewed or processed until they are received in writing. Phone cancellations are not accepted.
Cancellations received on or before Wednesday, March 12, 2008, will be refunded as follows:
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Entire Conference Cancellation: Attendee will receive a refund for the total cost of conference registration and additional individual events (e.g., advanced education session) less a $195 processing fee. If the cancellation also includes cancellation of a spouse/guest and events that s/he registered for, the refund will be for the total of all registrations less the $195 processing fee.
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Individual Spouse/Guest Cancellation: Attendee will receive a refund for the total cost of spouse/guest registration and any additional events that the spouse/guest registered for (i.e., tennis tournament) less a $100 processing fee.
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Advanced Educational Session: Attendee will receive a refund for the total cost of the session less a $25 processing fee.
Cancellations received after Wednesday, March 12, 2008, will not be refunded. This includes entire conference registration, spouse/guest registration and/or individual event(s) fees.
After March 12, 2008, individual events will not be refunded regardless of whether or not the registrant still attends the entire conference. TMA does not issue credits for future conferences.
Please note that if you register for the conference after these cancellation dates have passed, you will not be eligible for any type of refund or credit should you need to cancel your registration. These cancellation policies apply to all registrants regardless of when the registration form is submitted.
Please note that refunds will be issued after the conference, no later than April 25, 2008.
Substitution Policy
Substitutions are permitted at any time. Substitutions must be submitted in writing (e-mail is acceptable). Substitutions will not be reviewed or processed until they are received in writing. Phone substitutions are not accepted. The substitute must be from the same firm as the original registrant, and the substitution notice must contain accurate contact information for the new registrant; otherwise, TMA cannot guarantee an accurate listing on the registration list. However, please note that substitutions made after March 14, 2008, may not be reflected on the registration list per the registration list policy previously stated. Substitutions must be of the same registration category (i.e., member, academic); otherwise, the substitute will be invoiced for the difference in registration fee.
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Entire Conference Substitution: Substitution of an entire conference registration includes any additional educational events and/or recreational activities indicated on the original registration form, including spouse/guest registration. If the substitute does not wish to utilize these events/registrations, refunds will be issued in accordance with the policies detailed (1) above for full conference and spouse/guest registration and individual event registration (2) below for recreational activities and (3) previously in this document for the certification program.
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Individual Event(s) Substitution: Substitutions are allowed for individual registration options provided that the substitute is a member of the same firm as the original registrant and is a registered attendee of the 2008 Spring Conference. In the case of a spouse/guest substitution, the new registrant must be a spouse/guest of a member of the same firm (spouse/guest registration is transferable within the same firm).
Recreational Activities Cancellation Policy
Notification of recreational activity cancellation must be submitted in writing. Cancellations will not be reviewed or processed until they are received in writing. Phone cancellations are not accepted.
Golf Tournament
Refund Policies
Cancellations received prior to Wednesday, March 12, 2008, will be refunded less a $195 processing fee for entire conference registration, including the golf tournament, or a $50 processing fee for golf tournament cancellation only. Cancellations received after Wednesday, March 12, 2008, will not be refunded.
Substitution Policies
Space is limited for the golf tournament. TMA will maintain a waiting list once all spaces in the tournament have been filled. If at the time your substitution notice is received, a waiting list exists, TMA will not accept a substitute player in consideration of those individuals on the waiting list. The original registration will be treated as a cancellation and the cancellation policy above will apply for the golf tournament portion of your registration. If no waiting list exists at the time your substitution notice is received, you may send a substitute player in your place. The substitute must be from the same firm and must be a registered attendee of the 2008 Spring Conference. Please contact Catherine Cram at ccram@turnaround.org or 312-242-6036 for further details.
Tennis Tournament and Women’s Group Luncheon
The same policies detailed above for the golf tournament also apply to the tennis tournament and women’s group luncheon. The only difference is the cancellation processing fee, which is $195 for overall conference registration, including the tennis tournament and/or women’s group luncheon, or $25 for individual cancellation of the tennis tournament or women’s group luncheon only.
Registrants who fail to attend the conference and do not notify TMA in accordance with these policies and deadlines are responsible for full payment.
Ground Transportation
The Ritz Carlton Grande Lakes is approximately 12 miles from Orlando International Airport (MCO).
Taxicab Service
Taxicabs are available on level one of Orlando International Airport. Taxicab fare to the Ritz Carlton is approximately $35 - $45, with a travel time of approximately 20 minutes, depending on traffic. Note that while taxicabs are readily available at the airport, they are not readily available at the resort. Contact Mears Transportation at 1-407-423-5566 or 1-407-843-2404, or visit
www.mearstransportation.com, for more information
Shuttle Service
Mears Shuttle Service provides service between Orlando International Airport and the Ritz Carlton. Shuttles depart on a first-come, first-served basis from level one of Orlando International Airport every 20-30 minutes. Shuttle cost is $19 each way or $32 roundtrip. Reservations are not required for service from the airport to the Ritz Carlton but are required for service from the Ritz Carlton to the airport. Please note that reservations from the hotel to the airport require a departure time at least three hours prior to scheduled flight departure time. Reservations can be made by calling 1-407-423-5566 or 1-407-843-2404, or at
www.mearstransportation.com.
Sedan Service
Mears Shuttle Service provides town car service to and from the airport. Travel time is approximately 20 minutes, depending on traffic. Cost from the airport to the hotel is $60 and an advance reservation is required. Sedans depart from level one of Orlando International Airport. Cost for sedan service from the hotel to the airport is a flat rate of $45; advance reservation is not required. Sedans are readily available at the front entrance of the hotel. Contact Mears Transportation at 1-407-423-5566 or 1-407-843-2404, or visit www.mearstransportation.com, for reservations.
Go north on Airport Boulevard W to the 528 W exit. There will be a toll (currently $1.25). Follow 528 W to Exit 3/John Young Parkway South. Turn left onto John Young Parkway. Turn right onto Central Florida Parkway. Turn left into the main gate of the hotel.
Parking at the Ritz Carlton
Valet parking is available for $20/night with unlimited in/out service. Self-parking is available for visitors and guests of the hotel for $12/day.
Car Rental
If you plan to rent a car in the Orlando area, please note that TMA members may receive as much as ten percent off regular car rental rates from Avis. For more information, call Avis at (800) 331-1212. Individuals calling from outside the United States may find the appropriate phone number for the country from which they are calling by visiting
www.avis.com and selecting Customer Service/Worldwide Reservations Phone Numbers. Mention identification number V368995 to the telephone agent to take advantage of this TMA member discount.
Conference Sponsors