Business Succession Planning: Issue-Spotting for Private Company Boards

Schedule

Check-in and Networking - 4:30pm CT
Presentation - 5:00pm CT
Additional Networking - 6:30pm CT  

Overview

Panelists will discuss the long-term and short-term planning and strategy needed to gracefully transition a business from its current owners to the succeeding owners.  The panel will consider succession by:  Internal company promotion, outside hiring, family inheritance, transfer by retirement, death or disability of an owner, and the best ways to mitigate stresses to the company in those situations. Panelists will also address the outright sale of the business to a 3rd party as a succession tool. 

Topics will include insurance, legal, and business aspects:  Executive compensation to incentivize employees being groomed for succession, insurance matters, insurable events, company buy-sell agreements, succession and estate planning for the business owners, and mechanisms for selling the business to outsiders, or to a PE Firm.

Discussion will flag risks that Directors on Private Boards should issue-spot and bring to their Boards, educating board members on how to guide the business into the most viable and productive business succession strategy.  

Panelists will include an insurance consultant, a business succession & executive comp lawyer, and a mergers & acquisitions advisor.  Each speaker has helped guide their clients, and their board of directors, successfully through multiple types of business succession transactions.

Post Event Dinner

Immediately following the event, join us after for an intimate dinner with the event's panelists. Network with fellow PDA members and delve deeper into the panel discussion's topics. The dinner will be held from 7:30-9:30pm CT at South Branch Tavern & Grille - located at 100 S. Wacker Dr., Chicago. $65 a person for 3 course dinner.  Pre-registration is required.

Registration

$35 Member Registration
$45 Non-Member Registration

$65 Optional Post Event Dinner

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Speakers

Leigh is Managing Director of NFP Insurance Solutions, is a frequent speaker and author on the topic of business succession, as well as the insurance aspects of succession planning. She specializes in risk management, life and disability insurance solutions for privately held businesses and the high net worth community. Her background includes business continuation planning, advanced underwriting, insurance portfolio analysis, case design and life settlement negotiations. She has developed relationships with some of the premier estate planning, CPA and investment advisory firms in the country.

Mark is a partner at the firm of Meltzer, Purtill & Stelle and has extensive experience with business entities and transactions of all types. Mark serves as general counsel to business owners and his banking and financial consulting experience uniquely qualify him to advise regarding financing, acquisitions, ownership transition planning and all aspects of business sale transactions, including sales and financing transactions involving employee stock ownership plans. Mark also designs and implements executive compensation plans for succession planning and provides estate and related tax efficiency planning.

Mr. Holton has over 25 years of extensive experience in mergers and acquisitions, business development, operations, and sales management, and is an expert at negotiating complex contracts and developing successful business strategies. He also has extensive personal experience working with and advising family businesses.

Moderator

Nancy is a business lawyer, corporate, M&A, and securities, for smaller businesses. Nancy handles business owner preparation and deal docs for Sale of a Business and Business Succession.  She helps business owners prepare for the sale, field buyer due diligence, and close the deal.  Nancy owns Velocity Law, a small business law firm in suburban Chicago, IL for the past 26 years. Before that, she was a corporate, securities, and M&A lawyer at “BigLaw” downtown Chicago law firm Katten Muchin

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