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2011 TMA Annual ConventionOctober 25-27 | San Diego, CaliforniaHilton San Diego Bayfront

Attend the premier turnaround management, corporate restructuring and distressed investing conference, featuring keynote speaker Biz Stone, co-founder of Twitter.

Early bird registration and hotel reservations deadline is September 26. Register and reserve hotel rooms at turnaround.org.

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The TMA Annual Convention provides three days of invaluable education, networking and deal-making opportunities. This year’s event takes place October 25-27 in beautiful San Diego. The premier meeting for turnaround management, corporate restructuring and distressed investing professionals, TMA’s 23rd annual event opens the door to new business opportunities and partnerships by connecting you with the industry’s key players and decision-makers.

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Keynote Speaker Biz Stone, Twitter Co-founderHe has been named Nerd of the Year by GQ, one of the Most Influential People in the World by TIME magazine, Entrepreneur of the Decade by Inc. Magazine and one of Vanity Fair’s Top Ten Most Influential People of the Information Age, but Biz Stone is best known for over a decade of developing collaborative Web systems freely accessed by hundreds of millions of people worldwide.

As a progenitor of the early social web, Stone became an Internet entrepreneur in 1999 and went on to work for Google. Later, Stone co-founded Twitter, which launched in 2006. In June 2011, Stone co-founded The Obvious Corporation to focus on building systems that help people work together to improve the world. He also is an advisor to several companies and organizations ranging from tiny startups and non-profits to publicly traded international companies.

2011 TMA AnnuAl ConvenTion HigHligHTs

Keynote Luncheon: The Bankruptcy Success-Modeling Project: An UpdateLynn M. LoPucki, Security Pacific Bank Distinguished Professor of Law at the UCLA Law School, will instruct attendees on how to use the UCLA-LoPucki Bankruptcy Research Database. LoPucki will explain what’s being collected, how the statistical modeling will be done, how TMA members can participate and why he thinks it will produce a revolutionary new tool for turnaround managers.

NEW! Workshops Offer Practical Insight from Industry SpecialistsExperts from all corners of the turnaround industry share their first-hand knowledge and demonstrate how you can apply this insight to your business in an intimate smaller group setting. Topics include starting your own practice, performance improvement, applying unique aspects of lending to technology companies, forensic accounting and social networking.

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Additional Education Sessions & Topics• Competing Plans in Chapter 11: Fleeting Fad or Permanent Fixture?• Government Turnaround: Exploring Dimensions of Fiscal Stress Management in the Public Sector• Rainmaking: Business Development for the Next Generation• How to Restructure Small and Mid-size Businesses: Avoiding Pitfalls and Seizing Opportunities• Joint TMA/ABI Session – How to Achieve a Successful Restructuring in Today’s Changing Legal

and Business Environment• Turnaround Management vs. Crisis Management• The Art of Cross-Border Restructurings: Latin America and Beyond• Four Industries to Watch in this Anemic Recovery – Healthcare, Media, Real Estate and the

Banking Sector• Trends in Distressed Investing – The Evolution of Distressed Investing• Advanced Education Session: “Ethical Challenges Occurring in Large, Mid-size and

Small Companies”*• Body of Knowledge Courses & CTP Exams: Accounting & Finance, Law and Management*

*Additional fee required.

Opening Reception Aboard the USS MidwayAttendees are in for a unique experience when they board the USS Midway for the Opening Reception. The longest-serving U.S. Navy carrier of the 20th century and once the largest ship in the world, the USS Midway provides a spectacular networking atmosphere and lasting memory for TMA’s 23rd annual event.

Additional Networking Opportunities• Young Professionals Reception• Women’s Networking Reception• International Reception• Wine & Cheese Exhibitor Reception• Cocktail Reception in Exhibit Hall• Numerous networking breakfasts, lunches and breaks

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The Turnaround Management Association (TMA) is the premier organization dedicated to corporate renewal and turnaround management. With international headquarters in Chicago, more than 9,000 TMA members in 47 chapters worldwide comprise a professional community of turnaround practitioners, attorneys,

accountants, investors, lenders, venture capitalists, appraisers, liquidators, executive recruiters and consultants, as well as academic, government and judicial employees.

TMA members adhere to a code of ethics specifying high standards of professionalism, integrity and competence. The Certified Turnaround Professional (CTP) accreditation program recognizes professional excellence and provides an objective measure of expertise related to workouts, restructurings and corporate renewal.

TMA Body of Knowledge Courses And CTP exAMs

Distinguish yourself from your peers and gain a competitive edge by achieving the Certified Turnaround Professional (CTP) credential. Take a significant step toward achieving this recognition by participating in the upcoming TMA Body of Knowledge courses and CTP exams in San Diego, October 23-25.

*Additional fee required.

ABouT THe TurnAround MAnAgeMenT AssoCiATion

sunday, october 23Accounting & FinanceCourse: 9:00 a.m. - 4:00 p.m.Exam: 4:30 p.m. - 7:00 p.m.

Monday, october 24ManagementCourse: 8:00 a.m. - 3:00 p.m.Exam: 3:30 p.m. - 7:00 p.m.

Tuesday, october 25LawCourse: 9:00 a.m. - 4:00 p.m.Exam: 4:30 p.m. - 7:00 p.m.

follow TMA

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SundayOctober 239:00 a.m. - 4:00 p.m.Body of Knowledge Course: Accounting & Finance*

4:30 p.m. - 7:00 p.m.Body of Knowledge Exam: Accounting & Finance*

MondayOctober 248:00 a.m. - 3:00 p.m.Body of Knowledge Course: Management*

3:30 p.m. - 7:00 p.m.Body of Knowledge Exam: Management*

4:00 p.m. - 6:00 p.m.Executive Board Meeting**

6:00 p.m. - 7:00 p.m.Board of Trustees Reception**

TuesdayOctober 257:30 a.m. - 8:00 a.m.Board of Trustees Breakfast**

8:00 a.m. - 9:30 a.m.Board of Trustees Meeting

9:00 a.m. - 4:00 p.m.Body of Knowledge Course: Law*

9:30 a.m. - 11:30 a.m.Chapter Presidents Meeting**

11:30 a.m. - 12:30 p.m.Lunch - Executive Board, Board of Trustees and Certification OversightCommittee**

12:30 p.m. - 2:30 p.m.Certification Oversight Committee Meeting**

2:30 p.m. - 4:30 p.m.Advanced Education Session: Ethical Challenges in Large, Mid-size and Small Companies*

4:30 p.m. - 7:00 p.m.Body of Knowledge Exam: Law*

5:00 p.m. - 6:00 p.m.Young Professionals ReceptionAll registrants ages 45 and under encouraged to attend.Sponsored in part by Fennemore Craig, P.C.

5:00 p.m. - 6:00 p.m.Women’s Networking ReceptionAll women registrants encouraged to attend.

5:00 p.m. - 6:00 p.m.International ReceptionAll international registrants encouraged to attend.

6:00 p.m. - 7:00 p.m.Wine & Cheese Exhibitor ReceptionCo-sponsored by CRG Partners Group; Hahn & Hessen LLP and SSG Capital Advisors, LLC

7:15 p.m. - 9:00 p.m.Opening Reception Aboard the USS Midway Co-sponsored in part by Accord Financial, Inc.; Conway MacKenzie, Inc.; LBC Credit Partners, Inc. and William Blair & Co.

WednesdayOctober 267:45 a.m. - 8:30 a.m.Continental BreakfastSponsored in part by Blank Rome LLP

8:30 a.m. - 10:00 a.m.Keynote Presentation: Biz Stone, Twitter Co-founder

10:00 a.m. - 10:45 a.m.Break in the Exhibit HallSponsored by Winston & Strawn LLP

10:45 a.m. - 11:45 a.m.Concurrent Sessions

Competing Plans in Chapter 11: Fleeting Fad or Permanent Fixture?

AgendA

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Government Turnaround: Exploring Dimensions of Fiscal Stress Management in the Public Sector

Rainmaking: Business Development for the Next Generation

10:45 a.m. - 11:45 a.m.Workshop: I Tweet Therefore I Am. Social Media: Nonsense, Nuisance or Necessity?

11:45 a.m. - 1:00 p.m.Awards and Lunch

1:00 p.m. - 2:00 p.m.Keynote Luncheon: Lynn M. LoPucki, Security Pacific BankDistinguished Professor of Law, UCLA Law SchoolCo-sponsored in part by AlixPartners, LLP and Ernst & Young LLP

2:15 p.m. - 3:15 p.m.Concurrent Sessions

How to Restructure Small and Mid-size Businesses: Avoiding Pitfalls and Seizing Opportunities

Trends in Distressed Investing – The Evolution of Distressed Investing

2:15 p.m. - 3:15 p.m.Workshop: Brainier Strategies for Working with and Working Out Technology Companies

3:15 p.m. - 4:00 p.m.Break in the Exhibit HallSponsored by BDO Consulting

4:00 p.m. - 5:00 p.m.Concurrent Sessions

Joint TMA/ABI Session - How to Achieve a Successful Restructuring in Today’s Changing Legal and Business Environment

Turnaround Management vs. Crisis Management

4:00 p.m. - 5:00 p.m.Workshop: You’re in Charge: Where Do All Those Wires Go? A Technology and Forensics Perspective

5:00 p.m. - 6:30 p.m.Cocktail Reception in the Exhibit HallSponsored in part by Protiviti Inc.

6:30 p.m.Corporate/private dinners may be scheduled at this time

ThursdayOctober 278:30 a.m. - 9:15 a.m.Continental Breakfast

9:15 a.m. - 10:15 a.m.The Art of Cross-Border Restructurings: Latin America and Beyond

9:15 a.m. - 10:15 a.m.Workshop: Developing a Performance Improvement Toolkit: Effectuating the Art of the Turnaround

10:15 a.m. - 10:45 a.m.Break in the Exhibit Hall

10:45 a.m. - 11:45 a.m.Four Industries to Watch in this Anemic Recovery: Healthcare, Media, Real Estate and the Banking Sector

10:45 a.m. - 11:45 a.m.Workshop: So You Want to be the Boss: Tips and Stories to Consider before Starting Your Own Practice

11:45 a.m.TMA Annual Convention Concludes

As of August 22. Subject to change. Visit turnaround.org for the latest agenda. All events take place at the Hilton San Diego Bayfront unless otherwise noted.

* Indicates separate fee applies. ** Indicates invitation-only.

Note: Conflicting events may not be scheduled during TMA Annual Convention hours.

General Session

Reception

Concurrent Session

Workshop

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Competing Plans in Chapter 11: Fleeting Fad or Permanent Fixture?The unique situation of competing plans creates a confirmation dynamic very different from the typical one-plan confirmation battles between various parties in interest. As demonstrated by the bankruptcy cases to be discussed (Suncal, Lehman and Fremont General), very different strategic choices and financial considerations arise for the plan proponents/investors, their attorneys, their financial advisors and their turnaround consultants. Is there too much money chasing too few distressed opportunities or are the competing plans actually unlocking previously ignored value?

objectivesAt the conclusion of the session, attendees will be able to:• Spot the tactical and financial choices a

potential competing plan proponent should consider before becoming involved

• Identify the type of strategic coalitions that should be considered when seeking support for a competing plan and what coalitions may arise against a competing plan

• Recognize the different dynamics involved with a debtor-in-possession plan, a committee plan, a Chapter 11 trustee plan, and a third party proponent plan

ModeratorTom Howley, Jones Day

PanelistsJeff Cate, Hayman Capital Partners, LPDon Royer, Opus BankJohn Schafer, Manderson Schafer & McKinlay LLPSteven Speier, American Spectrum Realty Management Government Turnaround: Exploring Dimensions of Fiscal Stress Management in the Public SectorThe public sector in the U.S. and around the world is experiencing an unprecedented level of fiscal stress due to falling or stagnant revenues and increasing costs. This challenge represents one of the new frontiers for turnaround planning and management. In particular, strategies deployed in the private

eduCATion session desCriPTions

AdvAnCed eduCATion session

Tuesday | 2:30 p.m. - 4:30 p.m.

Ethical Challenges Occurring in Large, Mid-size and Small CompaniesCertified Turnaround Professionals (CTPs) face ethical challenges on a frequent basis. Panelists will present several scenarios which raise ethical concerns and describe how CTPs operating within a large, mid-size or small firm may respond.

Additional fee required. Ethics credits will be available.

objectivesAt the conclusion of the session, attendees will be able to:• Identify circumstances that may affect how

a firm approaches an ethically-charged dilemma

• Understand Rule 2014 disclosures

PanelistsJohn “Jack” W. Butler, Jr., Skadden, Arps, Slate, Meagher & Flom LLPJudge Kevin Carey, U.S. Bankruptcy Court, District of DelawareMichael A. Feder, CTP, AlixPartnersTed Gavin, CTP, NHB Advisors Melissa S. Knoll, CTP, Mesirow Financial Consulting LLC

Wednesday | 10:45 a.m. - 11:45 a.m.

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sector may not be directly transferable or require significant modification. The public sector is driven by transparency, process and finance rules with significant consequences for turnaround management. This session brings together experts with on-the-ground experience in situations including Michigan government turnaround training and the Detroit Public Schools and Harrisburg, Pa. turnarounds.

objectivesAt the conclusion of the session, attendees will be able to:• Identify key operational differences between

the public and private sector• Understand the fiscal stress facing state and

local government• Distinguish potential opportunities for

engaging in government turnaround management

ModeratorEric Scorsone, Michigan State University

Panelists Shayne Kavanaugh, Government Finance Officers Association Richard Levin, Cravath, Swaine & Moore LLPEd Plawecki, Stout Risius Ross (SRR) Workshop: I Tweet therefore I Am. Social Media: Nonsense, Nuisance or Necessity?This social networking workshop will provide a hands-on interactive guide to social networking for professionals. The workshop will compare and contrast the use and efficacy of networking tools such as LinkedIn, Facebook and Twitter for the turnaround industry, utilizing the diverse perspectives of a social media consultant, a communications expert who works with distressed companies and a TMA member who uses social media effectively to communicate with colleagues and potential clients.

objectivesAt the conclusion of the session, attendees will be able to:• Understand how and why social media

can help your business and business development efforts

• Distinguish actual versus perceived risks created by the transparency, transience and

permanence of different social media• Examine real-life examples of effective social

media use and explore what professional service firms and practitioners can expect

ModeratorNellwyn Voorhies, Kutzman Carson Consultants LLC

PanelistsJennifer E. Mercer, Van Meter ConsultantsOmar Mirza, Ernst & Young Capital Advisors, LLCEric Pinckert, Brand Culture Company

Rainmaking: Business Development for the Next Generation Every professional has at one point been new to their profession. Why do some succeed in developing business while others struggle? In this session, nationally recognized speakers will share their personal experiences, which have enabled them to rise to the top, and set out a career map for transitioning from a junior position to a leading rainmaker in their firm. Attendees will learn how to maximize business relationships, build their personal brand and capitalize on opportunities while avoiding the common pitfalls of business development.

ModeratorTMA Young Professionals Committee

speakersLawrence Klaff, GB Merchant PartnersLorenzo Mendizabal, Epiq Systems Inc.Nancy A. Peterman, Greenberg Traurig LLPJohn R. Rizzardi, Cairncross & Hempelmann PS

About the new workshopsWorkshops are geared toward a smaller, more interactive audience. Members of the audience will engage with the panelists to speak openly and candidly about the topic, creating a practical discussion of the topic. This format was chosen to promote the sharing of ideas and networking in a smaller group on specific topics.

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Wednesday | 1:00 p.m. - 2:00 p.m.

Keynote Luncheon: The Bankruptcy Success-Modeling Project: An UpdateThe Bankruptcy Success-Modeling Project is an effort to bring statistical modeling to bear on the bankruptcy-turnaround process. With funding from the endowments of the TMA, the National Conference of Bankruptcy Judges and the American Bankruptcy Institute, the UCLA-LoPucki Bankruptcy Research Database has data collection under way. Lynn M. LoPucki, who heads the project for the UCLA School of Law, will explain what’s being collected, how the statistical modeling will be done, how TMA members can participate and why he thinks it will produce a revolutionary new tool for turnaround managers.

Wednesday | 2:15 p.m. - 3:15 p.m.

How to Restructure Small and Mid-size Businesses: Avoiding Pitfalls and Seizing Opportunities Troubled small and mid-size businesses can be fixed and thrive. Hear from the people who do the fixing about how prudent planning, hard choices, a dose of capital and picking the right restructuring forum help to get the job done.

objectivesAt the conclusion of the session, attendees will be able to:• List the dynamics of working with what are

often closely held family businesses• Review considerations for deciding whether

to pursue a small or mid-size turnaround through bankruptcy, receivership, ABC or out of court

• Develop business referral opportunities while working in this space

• Identify methods to deliver value quickly on a limited budget

• Identify when it might be best to walk away from these opportunities

ModeratorSara Chenetz, Blank Rome LLP

PanelistsMark Barbeau, Renovo CapitalAdam Cook, Phoenix Capital Resources James J. Downes, CTP, BBK Ltd

Judge Margaret Mann, U.S. Bankruptcy Judge, Southern District of California Trends in Distressed Investing – The Evolution of Distressed Investing Distressed investors often look to practitioners for assistance in sourcing and executing “storied” and/or “distressed” transactions and, in many cases, assistance in fixing the business. The deal process for acquiring troubled businesses has evolved a great deal in the recent cycle – to more frequently mean acquiring distressed debt and converting to control equity, as well as pre-planned 363 processes sanctioned by lenders/banks. The panelists will discuss what has been different about this cycle from previous cycles fordistressed investors and what strategies will dominate distressed investing going forward. objectivesAt the conclusion of the session, attendees will be able to:• Identify the most attractive sectors for

distressed investors in the next 12-18 months

• List where TMA practitioners should focus their services offerings

• Identify what financial sponsors (LPs and PE funds) look for when investing in a underperforming, storied or distressed situation

• Know how best to access the LP and PE sponsor community to achieve best outcomes when a turnaround situation requires additional capital

ModeratorHoward Brownstein, The Brownstein Corporation

PanelistsJohn Barger, LACERADuran Curis, Ocean Avenue Capital PartnersFrank Hayes, Wynnchurch CapitalAja Whitaker-Moore, DebtwirePhil Tseng, Tennenbaum Capital Partners, LLC

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Workshop: Brainier Strategies for Working with and Working Out Technology CompaniesHigh technology companies don’t only make more complex products – their financing and restructuring needs are also more complex. This program will focus on the unique aspects of funding technology companies, as well as the challenges involved in restructuring these investments. The panelists have experience within all aspects of the financial evolution of technology companies with founding, lending and consulting backgrounds in this area.

objectivesAt the conclusion of the session, attendees will be able to:• Understand current market dynamics of

lending into technology• Understand relevant features of financing

businesses in technology vs. traditional sectors

• Identify restructuring and workout risks unique to technology companies

ModeratorHoward Bailey, Bailey, Elizondo & Brinkman LLC

PanelistsSteven Macko, Wells Fargo Capital FinanceBrian Sagi, CERIAN

Wednesday | 4:00 p.m. - 5:00 p.m.

Joint TMA/ABI Session: How to Achieve a Successful Restructuring in Today’s Changing Legal and Business EnvironmentWith courts issuing landmark bankruptcy opinions on a regular basis and a market that seems poised to change dramatically if any one of a number of potential crisis events occurs, today’s bankruptcy professional and distressed investor must be up to speed on the latest news to advise clients effectively and structure deals that have the greatest chance of success to achieve our ultimate goal -- successful (and ideally consensual) plan confirmation.

Panelists will discuss how the latest developments have played out in cases all over the country and how they will affect the

restructuring matters in which you are involved. Panelists also will discuss current topics which may include: a.) The aftermath of Stern v. Marshall: Narrow jurisdictional point or major practice-changing bombshell? b.) The latest on credit bidding and valuation; c.) Gifting plans – RIP 2011? d.) What does it take to get a release under a plan these days?

objectivesAt the conclusion of the session, attendees will be able to:• Discuss impact of latest business and

market developments on plan confirmation process

• Provide tips for success in navigating these latest issues

ModeratorRonit Berkovich, Weil, Gotshal & Manges LLP

PanelistsPeter Gilhuly, Latham & Watkins LLPFrank Merola, Jefferies & Company Inc.Nancy A. Peterman, Greenberg Traurig LLPJudge Gregg Zive, U.S. Bankruptcy Court, District of Nevada Turnaround Management vs. Crisis ManagementAs the U.S. economy continues to (slowly but surely) expand, and as financing markets have essentially returned to pre-Lehman crisis levels, restructuring/turnaround professionals need to re-tool and re-direct their professional development to non-crisis, non-bankruptcy opportunities. Crisis management and restructuring processes, while not uncommon in a turnaround, are only a subset of turnarounds as a whole.

A multi-disciplinary panel will provide examples of their experiences in successfully creating value for a business over time – not the relatively short duration of a refinancing or restructuring – and discuss how, even in deeply distressed situations, post-crisis value creation is the most important phase of corporate renewal and turnaround management.

objectivesAt the conclusion of the session, attendees will be able to:• Identify different tools for turnaround plan

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development and philosophies employed for different parts of the turnaround

• Understand that turnaround management is closely related to change management, transformation management, post-acquisition/post-merger integration management and high growth situations

• Recognize that decision-makers (referral sources) can be different depending on the situation and assess what potential clients are really looking for from their advisors in crisis vs. turnaround situations

ModeratorDuncan Bourne, Wynnchurch Capital

PanelistsScott Avila, CTP, CRG Partners Group LLCChris Gardner, Vitesse SemiconductorTim Hassenger, Conway MacKenzie

Workshop: You’re in Charge: Where Do All those Wires Go? A Technology and Forensics PerspectiveThis session will focus on best practices for dealing with technology when assuming control of a distressed company. Understanding the applications, network and data of a company in distress is like unraveling a carpet while you’re standing on it. Pull the wrong thread and you get a bare spot and cause a trip and fall. Panelists will discuss how to triage the situation, gather information needed to decide what systems are critical, what should be preserved to meet legal or regulatory requirements, and to minimize risk along the way.

objectivesAt the conclusion of the session, participants will be able to: • Develop strategies for keeping critical

systems up, shutting down the non-essential and preserving the past as needed

• Understand the relationship between applications, networks, “the cloud” and the role of service providers

• Mitigate technology risk including loss of sensitive data and IP

ModeratorKen Yager, MorrisAnderson

PanelistsEric Matrejek, PricewaterhouseCoopers

Thursday | 9:15 a.m. - 10:15 a.m.

The Art of Cross-Border Restructurings: Latin America and BeyondThe session will focus on recent developments and cases in cross-border restructurings with a focus on Latin America. Panelists will discuss the challenges and recent trends in the cross-border restructuring process, highlighting the differences among countries and drawing comparisons to U.S. restructurings.

objectivesAt the conclusion of the session, attendees will be able to:• Understand the key factors in successfully

managing a cross-border restructuring• Recognize the changed cross-border

restructuring and insolvency landscape• Identify the differences and parallels

between restructurings in the U.S., Latin America and other countries

• Identify the risks and opportunities inherent in distressed investing in Latin America

ModeratorJanine Cerbone, Hahn & Hessen LLP

PanelistsHenry Hsu, The Blackstone GroupChristopher Jarvinen, Berger SingermanSalvatore Milanese, KPMG Corporate FinanceDavid R. Williams, Ernst & Young LLP Workshop: Developing a Performance Improvement Toolkit: Effectuating the Art of the TurnaroundThis session will focus on sharing practical techniques for improving operational efficiencies and profitability in a restructuring environment, including the concepts of lean, supply chain management and translating targeted results into cash flow. Attendees will hear practical perspectives on how companies can attain new levels of cost efficiencies and profitability when entrenched management has accepted the status quo.

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objectivesAt the conclusion of the session, attendees will be able to:• Understand the meaning of lean and how it

applies in a restructuring environment• Apply techniques for measuring and

monitoring performance improvement, and translating targeted actions into cash flow

• Identify opportunities for creating new value when management loses its way

• Access a framework for looking at restructuring situations to attain fundamental cost structure improvements

ModeratorGeorge Blanco, Avant Advisory Group

PanelistsAnthony J. Gerbino, Grant Thornton LLPHoward Mikytuck, General Electric Company Thursday | 10:45 a.m. - 11:45 a.m.

Four Industries to Watch in this Anemic Recovery – Healthcare, Media, Real Estate and the Banking SectorFour experts share their industry perspective on what to look for over the next six months. The session will focus on panel members’ observations regarding recent trends and developments in four troubled industries: healthcare, media, real estate and the banking sector. Panel members will also forecast issues these industries will face in the coming years.

objectivesAt the conclusion of the session, attendees will be able to:• Understand the state of these four industries• Identify risks and threats inherent in these

industries• Distinguish prospective opportunities• Identify strategies for helping troubled

companies in these sectors

ModeratorJeffrey R. Manning, CTP, BDO Capital Advisors, LLC

PanelistsGary Adelson, NHB Advisors Inc.John Hamel, Roth Capital PartnersRonald F. Greenspan, FTI Consulting Daniel T. McMurray, Focus Management Group Workshop: So You Want to be the Boss: Tips and Stories to Consider before Starting Your Own PracticeJoin us for a roundtable discussion related to the experiences of four practitioners that struck out on their own to form a new practice. This interactive conversation will cover the basics, pros, cons and general lessons learned by people that made a new practice work. If you’ve ever wanted to start your own practice, have a friend that’s considering it or working across the table from someone who is, this lesson is just what you are looking for. Be prepared to participate as this session will be highly focused on the audience, not just listening to a panel. objectivesAt the conclusion of the session, attendees will be able to:• Know some of the risks and opportunities

that should be considered if thinking about starting your own practice

• Have some tips on “best practices” for people that have been there and done that

• Know some of the technical things required (insurance, taxes, office-space) to start your own practice

• Have an appreciation for what some of these practitioners are doing and going through if you are working with or across the table from them in a certain matter

ModeratorLarry Perkins, Conway MacKenzie

PanelistsThomas Kim, CTP, r2 Advisors, LLCChris Manderson, Manderson Schafer & McKinlay LLPPat O’Keefe, CTP, O’Keefe & Associates Consulting LLC

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Educational sessions at the 2011 TMA Annual Convention provide an overview of topics relevant to the practice of corporate renewal and corporate and financial deal-making. There is no prerequisite or advance study necessary to attend the conference or to qualify for continuing education credit. The conference is a “group-live” educational offering.

CPEAccountants may earn a maximum of 9.5 hours of CPE (based on a 50-minute hour) for conference attendance. The Turnaround Management Association is registered with the National Association of State Boards of Accountancy (NASBA) 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. Questions regarding registered sponsors may be addressed to The National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417 or by visiting www.nasba.org.

CTPCTPs may earn a maximum of 9.5 hours of credit (based on a 50-minute hour) for conference attendance. TMA will automatically update CTP records to reflect attendance at the conference.

CLEAttorneys may earn a maximum of 8 hours of credit (based on a 60-minute hour) or 9.5 hours of credit (based on a 50-minute hour) for conference participation. The final calculation of available CLE hours is subject to the individual state bars’ determination of credits. Applications to individual state bars are pending.

Request FormsRequest forms for CPE and Certificate of Attendance are available at the TMA Registration Desk and must be completed before a certificate can be issued (certificates will be issued following the conference).

Sign-in SheetsIn compliance with NASBA requirements for accredited providers of CPE, attendees seeking CPE credit must sign in and out of all educational sessions. Sign-in sheets will be at the entrance of each session and monitored by TMA staff. TMA is unable to fulfill a certificate for attendance request if the hours of attendance indicated on the request form differ from the session sign-in sheets.

Note: TMA is unable to provide continuing education credit until all conference registration fees are paid in full.

ConTinuing eduCATion CrediT

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David McReynolds, Co-Chair Twin Haven Capital Partners LLC

Omar Mirza, Co-Chair Ernst & Young Capital Advisors, LLC

Brad Coulter, CTP, TMA Vice President of Conferences

O’Keefe & Associates Consulting LLC

Maria D. ArnaoudonaAlvarez & Marsal

Ronit J. Berkovich Weil, Gotshal & Manges LLP

George P. BlancoAvant Advisory Group

Noel R. BoekeHolland & Knight LLP

Duncan S. BourneWynnchurch Capital

Janine CerboneHahn & Hessen LLP

Sara L. ChenetzBlank Rome LLP

Laurel E. Davis Fennemore Craig, P.C.

Tom A. HowleyJones Day

Michael E. Imber Grant Thornton LLP

Jeffrey R. Manning, CTP BDO Capital Advisors, LLC

K. Kevin OtusEmerald Technology Valuations, LLC

Lawrence R. Perkins Conway MacKenzie

Harrison L. Price Barrier Advisors

Eric A. Scorsone Michigan State University

Nellwyn Voorhies Kutzman Carson Consultants, LLC

Kenneth R. Yager MorrisAnderson

2011 TMA AnnuAl ConvenTion PlAnning CoMMiTTee

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generAl inforMATion

Registration FeesRegistration fees include education sessions, meals and social functions. Events are not prorated. To attend any portion of the convention, you must register for the entire conference at the appropriate registration fee. 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 events.

FeesNorth

American Members

International Members

Non-Members

Academic/Government

Early Bird RegistrationBefore Sept. 26 $995 $745 $1,395 $550

Advance RegistrationSept. 26 - Oct. 17 $1,120 $745 $1,520 $675

Onsite Registration $1,245 $745 $1,645 $800

Advanced Education Session $125 $125 $125 $125

Registration List Deadline/Distribution PoliciesTo ensure your inclusion on the registration list that is distributed onsite, your registration form and payment must be received at TMA International Headquarters by 11:59 p.m. Central on Monday, October 17. Registered attendees will receive an advance copy of this list via e-mail approximately one week prior to the convention. Following the convention, a final registration list will be e-mailed to all registered attendees. The final registration list will include the names of all conference attendees, including those individuals who registered after the October 17 registration list deadline.

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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, October 12, will be refunded as follows:

• Entire Convention Cancellation: Attendee will receive a refund for the total cost of convention less a $250 processing fee

• Spouse/Guest Full Registration Cancellation Only: Attendee will receive a refund for the spouse/guest full registration less a $150 processing fee

• Advanced Education Session: Attendee will receive a refund for the cost of the session less a $25 processing fee

Refunds will be issued following the convention, no later than November 21. Cancellations received after October 12 will not be refunded. This includes the entire convention registration and/or any portion of the registration. TMA does not issue credits for future conferences. Please note that if you register for the convention after these cancellation dates have passed, you will not be eligible for any type of refund. These cancellation policies apply to all individuals, regardless of when the registration form is submitted.

Substitution Policy Substitutions are permitted. Substitutions must be submitted in writing (e-mail is acceptable) for TMA consideration. Phone substitutions are not accepted. Please note that substitutions made after Friday, October 14 may not be reflected on the registration list. 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. Substitute registrants with different membership status and/or registration category will be invoiced the difference in registration fees.

AttireRecommended attire for education sessions and social functions is business casual.

NEW! Annual Convention AppSponsored by Gordon Brothers GroupTMA is introducing a new Annual Convention app to enhance networking and education for attendees and exhibitors. In addition to providing complete convention details at your fingertips, including session information and handouts, the app allows you to schedule meetings with other participants and will continue to be a resource after the convention has ended.

Free Wi-FiSponsored by Grant Thornton LLPTo help you stay connected throughout the conference, TMA is providing complimentary Wi-Fi service in the TMA Annual Convention meeting area.

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HoTel reservATions

About the Hilton San Diego BayfrontRising 30-stories above the edge of San Diego Bay, the Hilton San Diego Bayfront hotel is downtown San Diego’s newest waterfront hotel. Fusing a dynamic waterfront location, sun and sea-inspired design and casually sophisticated vibe, the conference hotel opens a front-door to San Diego’s vivacious waterfront, providing unparalleled views of the bay and convenience to everything downtown San Diego has to offer—and is only minutes from the San Diego International Airport (SAN).

It also is steps from downtown’s Gaslamp Quarter and East Village, Petco Park and many other entertainment and recreational amenities as well as world-class shopping and dining. The waterfront literally laps at the hotel’s steps, from a dramatic bayfront entryway to stunning views from the lobby and the guest rooms.

Reservation Information Online Reservations turnaround.org Phone Reservations 800-445-8667Discounted Room Rate $239 plus local taxes and fees (currently 10.64 percent and 2

percent San Diego Tourism Marketing District assessment)Reservation Group Name TMA Annual Convention 2011Reservation Group Code TMACReservation Deadline Monday, September 26

TMA encourages you to make your reservation early, as the hotel and discount block may sellout. After September 26, reservations will be accepted on a space-available basis and higher rates may apply.

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TMA 2011 PArTners

TMA is pleased to partner with the following companies whose support allows TMA to offer programs and services of the highest quality to the turnaround, corporate restructuring and distressed investing industry. Partnerships provide year-round support for the association while giving partner companies a competitive advantage through business development activities, branding and accessing target markets.

Elite Partner

Advantage Partners

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AnnuAl ConvenTion sPonsors

TMA thanks our sponsors for their generous financial support of the 2011 TMA Annual Convention:

BDO CONSULTING

®

®

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Additional SponsorsIn addition to those sponsors listed in the agenda on pages 4-5, the following sponsors also have generously provided support for the 2011 TMA Annual Convention:

Bank of America Merrill Lynch Hotel Room KeysCarl Marks Advisory Group LanyardsCrystal Financial The Wall Street Journal Room Drop Deloitte Financial Advisory Services LLP Smartphone AppGordon Brothers Group The Wall Street Journal Room Drop Grant Thornton LLP Wi-Fi AccessHilco Pocket AgendaThe Meridian Group Exhibit Hall Shopping BagsTucker Arensberg PC Exhibit Hall Shopping BagsSkadden, Arps, Slate, Meagher & Flom LLP Program Book/ Educational Material Downloads

Become a SponsorIf you are interested in sponsorship opportunities, please contact Joseph Karel at 312-578-2028 or jkarel@turnaround.org.

THE MERIDIAN GROUPRestructurings • M&A • Corporate Finance

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Cornerstone Capital Donor$100,000 and aboveBank of America Business Capital Gordon Brothers Group, LLCHuron Consulting Group

Cornerstone Donor$75,000–$99,999CIT

Leadership Donor$50,000–$74,999Abacus Advisors Group LLCBBK Deloitte Financial Advisory Services LLPDrinkerBiddleGardnerCartonRealization Services, Inc.Skadden, Arps, Slate, Meagher & Flom LLP

Sustaining Donor$25,000–$49,999Anderson Bauman Tourtellot VosBank of America Commercial FinanceBuccino & Associates, Inc.Cooley LLP Executive Sounding Board Associates Inc.FTI Consulting, Inc.GoIndustry DoveBidMesirow Financial Consulting, LLCMorrisAndersonNHB Advisors, Inc.Prime Locations LLCThe Scotland Group, Inc.Wachovia Capital FinanceWells Fargo Business Credit, Inc.

Benefactor Donor$10,000–$24,999AEG Partners, LLCAlixPartners, LLPAtlas Partners, LLC Cadwalader, Wickersham & Taft LLPCorporate Renewal Services, Inc.Forman Holt Eliades & Ravin LLC JPMorgan Chase & Co.

Lake Pointe Partners, LLCQuarles & Brady LLPRAS Management Advisors Inc.Riemer & Braunstein LLPTrimingham, Inc.Wells Fargo FoothillWhite Oak GroupXRoads Solutions Group

Patron Donor$5,000–$9,999Atwell, Curtis & Brooks, Ltd./ University Management Associates &

Consultants Corp.Aurora Management Partners Inc.Bear Stearns & Co.The Belet Group, Inc./Belet Acquisitions, Inc.Blank Rome LLPCarl Marks Advisory Group LLCConway MacKenzie, Inc.FINOVA Capital CorporationGetzler Henrich & Associates LLCHorizon Management Inc.Kugman AssociatesPhilip + Company, Inc.RCS Real Estate AdvisorsSan Filippo & AssociatesSchulte Roth & Zabel LLPSSG Capital Advisors, LLCTiger GroupWells Fargo Bank, N.A.Wells Fargo Retail Finance

Supporter Donor$500–$4,999AccuVal Associates IncAllomet Partners, Ltd.American Management Advisors Inc.Andrew M. Toft, Attorney at LawARG Recovery, LLCBankers Advocate GroupBDO Consulting Corporate Advisors LLCBeane Associates, Inc.Bederson & Co. LLPBond, Schoeneck & King, PLLCCairncross & Hempelmann, P.S.Caledonia Group Inc.

CornersTone ProgrAM donors

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Capital Restoration, LLCCapitalSourceCedar Croft ConsultingContinental Advisory Services, LLCCRG PartnersCrystal FinancialThe Daley-Hodkin GroupDickinson Wright PLLCDLA Piper US LLP EMCC, Inc.Emerald Technology Valuations, LLCFennemore Craig, P.C.The Finley GroupFirst American Corp. - UCC DivisionFirst Resource CorporationFocus Management Group Fort Dearborn Partners, Inc.Gibson, Dunn & Crutcher LLPGiuliani Capital Advisors LLCGrant Thornton LLPGreat American GroupGreenberg Traurig LLPHarney Partners LLCHarvard Turnaround ManagementHealth Capital Investors, Inc.HilcoHill & Gertner Capital CorporationHoulihan Lokey Howard and ZukinHSG Services Inc.Iron Horse LLCJager Smith P.C.Joe Foster Real Estate AdvisorsKBK Financial, Inc.KPS Special Situations FundsLain Faulkner & Co.LBC Credit Partners, Inc.McShane GroupMehmco Financial Services Inc.The Meridian Group

Meriturn Partners, LLCMidwest Business CapitalMiles & Stockbridge P.C.Mission Capital AdvisorsModesitt Associates, Inc.The Nauset Group, Inc.Northern Healthcare Capital, LLCThe Parkland Group, Inc.Paul Hastings Janofsky & Walker LLPPenn Hudson Financial Group, LLCPhelps Consulting GroupPhoenix Advisors & Collections, Inc.Phoenix Management Services, Inc. Project Executive Group, Inc.ProtivitiQuest Turnaround Advisors, LLCRenaissance Partners, L.C.Republic Financial CorporationRhone Group AdvisorsRJ Reuter Business ConsultingRochelle McCullough, LLPRSM McGladreyRuskin Moscou Faltischek, P.C.SB Capital Group, LLC Sherman, Lavallee & Associates, LLCState Securities PLC (United Kingdom)Sterling Supply Co.Stout Risius Ross, Inc.Strategic Management Partners, Inc.Stutman, Treister & GlattSullivan & Worcester LLPTeamWork Technologies, Inc.Tono-Bungay Consulting, Inc.Treadstone Partners, LLCTucker Arensberg, P.C.Windham Professionals, Inc.Winternitz, Inc.Wiss & Company, LLP

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