August 2017 Join Chartwell for this annual conference in Omaha, Nebraska, September 6-8! Chartwell is proud to be a sponsor of this event. Click here for the full conference program. Chartwell Speakers: Tim Cleary, Managing DirectorActively Managing ESOP Repurchase Obligation: Oxygen Service Company StoryThursday, September 7: 10:50-11:50am Mature ESOP companies often face periods of high repurchase obligation (“RO”) which conflict with longterm business investment needs. This session will explore the Company impact of RO from a financing and capital structure perspective and discuss the benefits of a strategy of actively managing the RO. Ryan Graham, Vice PresidentMature ESOP Case Study: Sustainability ChallengesThursday, September 7: 2:45-3:45pm Mature ESOP owned companies face unique issues. During this session the panel will walk through the SJE-Rhombus story focusing on ESOP repurchase obligation and ESOP sustainability concerns. Ted Margarit, PrincipalKey Tips for a Smooth ESOP TransactionThursday, September 7: 4:00-5:00pm Based on the presenter’s experience as legal and financial advisers to numerous ESOP-owned companies ranging in size from $10 million to $2+ billion, this presentation will discuss the best practices for executing an organized, efficient ESOP transaction process that optimizes the outcome for all company stakeholders. In particular, this session will provide helpful, actionable tips to owners and leadership team members of businesses that are considering an ESOP as an ownership transition strategy, as well as currently ESOP-owned companies considering increasing their level of ESOP-ownership. Greg Fresh, Managing DirectorResponding to an Unsolicited Offer: A Case StudyThursday, September 7: 4:00-5:00pm This session will illustrate the process and key considerations for reviewing an unsolicited indication of interest for an ESOP-owned company. In addition to outlining the M&A process, this panel will explain the financial and cultural implications in the ultimate decision to sell the company. Matt Schubring, Managing DirectorDetours on the ESOP Ownership JourneyFriday, September 8: 8:00-9:00am This will be a fast paced presentation that covers a variety of common events that ESOP companies must address at different points in their evolution: 1. Decision to change from internal Trustee to external Trustee; 2. Planning for leadership succession; 3. Planning for repurchase obligation; 4. Evolution of the Board of Directors Steve Nelson, Managing DirectorESOPs and M&A: The Border States FormulaFriday, September 8: 10:30-11:30am Acquiring other businesses has been a vital contributor to Border States’ astounding growth. Through experience gained in multiple acquisitions completed since it became 100% ESOP-owned, Border States has refined its process for entering new markets and integrating groups of new employees into its ownership culture. Using purchases of both ESOP and non-ESOP companies as case studies, the company’s CEO, ESOP financial advisor, and legal counsel will provide useful tips for doing deals, expanding your business, and avoiding the growing pains that sometimes come with M&A activity.