April 20, 2010 PDM:
“Top 10 Questions of Financial Distress”
Eric Schultenover, WLDD Kevin Crumbo, KraftCPAs
Financial distress can impact customers, suppliers, even the company you work for! It’s confusing, complicated, and potentially very costly. But perspective is a wonderful thing!
Join us as Eric Schultenover and Kevin Crumbo host an interactive panel discussion addressing the “Top 10 Questions” from the perspective of the distressed company, and the “Top 10 Questions” from the perspective others doing business with the distressed company. Eric will cover legal aspects and strategy while Kevin will incorporate the financial implications. Reserve your place today by clicking here or by emailing programs@apicsnashville.org
PLACE: Holiday Inn Select Opryland
Airport/Briley
Parkway
2200 Elm Hill Pike
Nashville, TN 37214
Click here for directions
TIME: 5:30 to 7:30 PM
COST: $20.00 - Free if an unemployed member - bring your resume
You do not need to be an APICS member to attend.
Make reservations by clicking here or by emailing programs@apicsnashville.org
Remember! Attend Four (4) APICS Nashville Professional Development Meetings from September 2009 thru April 2010 (excluding the December Con-Way Tour) and attend the 5sup>th PDM free! New members to our chapter attend their first meeting at no charge when you present your Welcome Letter at the registration table!
Speaker Bio: Eric Schultenover
Eric Schultenover is a partner at Waller Lansden and practices in the area of corporate restructuring. In 2009, Mr. Schultenover was recognized as one of the Mid-South Rising Stars. Mr. Schultenover practices extensively in federal and state courts where he primarily represents secured and unsecured creditors, trade vendors and customers of debtor companies. He has represented numerous secured lenders, creditors committees and buyers of assets in various bankruptcy and insolvency proceedings across the United States. His practice includes a special focus on the automotive sector, including commercial transactions and litigation with distressed suppliers and vendors. Additionally, Mr. Schultenover has extensive experience involving distressed healthcare assets, the acquisition and reorganization of hospitals, home care companies, assisted living facilities, surgery centers and outpatient centers.
Recent representative engagements in which Mr. Schultenover has provided counsel include representing buyers in the acquisitions of an acute care hospital in Tampa, Fla. and a psychiatric hospital in Detroit; representing the senior secured lender in the reorganization of chain of Florida imaging centers and in the reorganization of an long-term acute care hospital in New Orleans; representing the exit lender to an acute care hospital reorganizing in Los Angeles; and representing a global automobile manufacturer in dozens of matters involving distressed parts suppliers and competing original equipment manufacturers in courts in New York, Delaware, and Michigan, as well as analogous insolvency proceedings in the United Kingdom, the European Union, South Africa, Canada, and Mexico.
Education
- B. A., magna cum laude, University of Notre Dame, 1996
- J.D., Washington University, 2000 o Order of the Coif
- Member, Washington University Law Quarterly, 1998-2000
- Recipient, David M. Becker Scholarship Clerkships and Previous Affiliations
- Assistant to Press Secretary and Associate Political Director for Tennesseans for Thompson, U.S. Senate Campaign, 1994 and 1996
- Student law clerk, U.S. District Court Judge E. Richard Webber, Spring 2000
- Student law clerk, St. Louis County Public Defender, 1999
Speaker: Kevin Crumbo, CPA, CFF, CrFA, CIRA, CDBV
Member In Charge KraftCPAs Turnaround Restructuring Group, PLLC Kevin leads KraftCPAs turnaround and restructuring services. He assists clients in a variety of industries with turnaround management, restructuring, and related services, including acquisition due diligence and forensic accounting. His clients include public and private operating companies, commercial and investment banks, law firms, and nonprofits. He has advised debtors, creditors, and customers in domestic and international insolvency matters. Kevin began his career in San Francisco at the accounting practice of Coopers Lybrand and later advanced to senior management roles for distressed manufacturing, healthcare, and technology companies where he was involved in numerous turnaround and business combination projects.
In recent years, a significant component of Kevin's representation has pertained to the automotive supply industry where he has been involved in over 100 bankruptcy and distressed supplier matters, including large global cases where activities have spanned multiple countries. The latest US economic downturn has also escalated his representations in the areas of energy-intensive manufacturers, homebuilders, and retailers. Kevin was an independent director of Yak Communications (NASDAQ: YAKC), recently taken private, where his responsibilities included chairing the compensation committee and advising on the acquisition of troubled competitors. Kevin chairs the Tennessee Turnaround Management Association and is a former chair of the Nashville Chamber of Commerce's International Business Council.
He is also a member of the American Institute of Certified Public Accountants, the American College of Forensic Examiners, the Association of Insolvency and Restructuring Advisors and the National Association of Corporate Directors. Nonprofit activities include board service for the Nashville-area American Red Cross, Crisis Intervention Center, Adventure Science Center, Historic Nashville, and Vanderbilt University business school alumni. Kevin is an adjunct faculty member of the Vanderbilt University Law School teaching applied accounting topics such as financial reporting, valuation, and strategies for financial investigations.
Kevin received a BS in accounting from the University of Kentucky and a MBA from Vanderbilt University. Professional certifications include public accountant (CPA), certified in financial forensics (CFF), forensic accountant (Cr.FA), insolvency and restructuring advisor (CIRA), and distressed business valuation analyst (CDBV).
Make reservations by clicking here or by emailing programs@apicsnashville.org.
Chapter Announcements
Nominations requested for APICS Board Member positions for 2010-2011 Your input is needed for nominations to our board for next year. We will receive nominations over the next few weeks and vote during our May meeting. Your nomination and participation is what supports our chapter. Volunteer if you can, or help us identify the right leaders for our Chapter. Thank you!
Topics/Speakers for 2010-2011 Needed
We are always interested in hearing your input on speakers you’d like to have present at our PDMs. Please help us identify people for the following types of areas: - Distribution - Industrial Engineering / Process flow and improvement - Human interest (anybody have a high profile connection that would be interesting?) - Technology / Systems developments - Professional Development – new methods / techniques We are planning joint meetings with IIE (Institute of Industrial Engineering) in October, and in March 2011 we will have our scheduled joint meeting with ISM (Institute for Supply Management).
APICS Middle Tennessee Chapter Board of Directors for 2009-2010
President Mark Thompson
VP Programs Dale Pinnekamp
Treasurer Lisa Keeble
VP Education Ty Tabernik
VP Membership James Kilby
VP Communications John Sheng
Member at Large Stan Gurevich
CSCP Exam and Registration
To become a certified CSCP, three dates must be kept in mind associated with each scheduled testing period. The Exam Date itself, the Exam Registration Deadline Date and the Eligibility Application Deadline Date. The CSCP candidates will have several opportunities to take the exam in a computerized test mode through Pearson VUE and three opportunities this year to sit for the paper end pencil version of the exam. Click here for more information.
Congratulations New CSCPs
Alice Johnson, CSCP
Mary Etta Rose, CSCP
Bill Buckles, CSCP
Bill Carmargo, CSCP
Jerry Hale, CSCP
Welcome New Members
Louis Ferrer
Alan Eaton
Gregory Bean
Phil Sobol
2009-2010 PDMs
September 15, 2009
Rick Ross "Top 10 Strategies to Amplify your job search"
October 20, 2009
Paul Reed "RFID"
November 17, 2009
Mike Russo "Stress Management"
December 15, 2009
Tour of ConWay Freight LTL
January 19, 2010
Kevin Crumbo "Bankruptcy Basics"
February 16, 2010
Greg Sullivan "TWI"
March 16, 2010
Cal Vickers "Total Cost Management and Strategies"
April 20, 2010
Eric Shultenover and Kevin Crumbo "Top 10 Questions of Financial Distress"
May 18, 2010
Off for the summer - back in September 2010
If you are interested in Lean, don't miss the upcoming Lean Workshop. Click here for a short presentation.
CSCP
Certified Supply Chain Professional
Certification Information
APICS Certified Supply Chain Professional (CSCP) certification. Read More.
The Middle Tennessee Chapter of APICS has begun working with local Universities to offer the CSCP exam certification preparation course
The CSCP Exam Prep course is a 40 hour course that includes on-line testing, on-line resources, and on-line flashcard style learning. Read More.
If you or your company are interested in the CSCP courses, please contact the MITE Chapter VP Education at Education@APICSNashville.org
CPIM
Certified in Production and Inventory Management
Since 1973, the CPIM program has educated more than 75,000 manufacturing professionals on essential terminology, concepts, and strategies related to demand management, procurement and supplier planning, material requirements planning, capacity requirements planning, sales and operations planning, master scheduling, performance measurements, supplier relationships, quality control, and continuous improvement.
Benefits of CPIM
A CPIM education can help you to
- Increase your functional knowledge of production and inventory
management
- Improve efficiency across the processes of your organization's
supply chain
- Streamline operations through accurate forecasting
- Predict outcomes more accurately
- Maximize customer satisfaction by delivering products and services
Just-in-Time
- Increase profitability by optimizing your organization's inventory
investment
- Enhance your credibility among peers, employers, and customers.
Who should earn the
CPIM designation?
A CPIM education is essential for professionals involved in
- Production and inventory management
- Operations
- Supply chain management
- Procurement
- Materials management
- Purchasing
CPIM Modules
Candidates must pass all exams for the following modules
Basics
of Supply Chain Management
Master
Planning of Resources
Detailed
Scheduling and Planning
Execution
and Control of Operations
Strategic
Management of Resources
Call for Chapter Presenters
Please let us know what you would like to speak at the APICS Middle Tennessee Chapter PDMs. This is a great opportunity if you have a presentation you have been preparing or expect to present at the next APICS International Expo and would like to give the presentation locally first.
If you are interested in speaking or if you would like to suggest a
speaker for the 2008-2009 PDM series, please email your suggestion by clicking
here.
What is APICS
History
Founded in 1957 as the American Production and Inventory Control Society, APICS has since expanded its focus to include a full range of programs and materials on individual and organizational education, standards of excellence, and integrated resource management. To reflect this new direction, we are now known as APICS—Association for Operations Management.
APICS—The Association for Operations Management is a not-for-profit international educational organization respected throughout the world for its education and professional certification programs. With over 60,000 individual and corporate members in 20,000 companies worldwide, APICS is dedicated to using education to improve the business bottom line.
