Craft brewing is a growing industry across much of the U.S.; competition in this industry is increasing and many consolidations are occurring. Our panel of experts will address regulatory and capital challenges facing craft brewers, including:
- Specific legal, financing, operational, and distribution challenges.
- What makes a craft brewer a likely candidate for financing or a good old fashioned turnaround?
- What makes a craft brewer a winner for financing purposes?
- Exploring what makes a brewery successful in the long-term.
- Unique considerations in the operational and financial turnaround of breweries.
Participants will earn 1.2 CPE credits in Specialized Knowledge.
Prerequisites: Basic knowledge of financial and operational restructuring
Who Should Attend: All restructuring professionals are welcome
Advanced Preparation: None
Program Level: Intermediate
Delivery Method: Group Live
Turnaround Management Association (TMA) 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 the final authority on the acceptance of individual course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
Live Oak Bank
Kate Lumpkin is a lender for Live Oak Bank’s Wine and Craft Beverage Lending division. Live Oak is a leading lender to small businesses nationwide. Since 2015, Kate has specialized in craft beverage lending working primarily with breweries, wineries, and distilleries. She understands the unique challenges that owners face and provides a straightforward lending experience to help them avoid costly mistakes and thrive. Kate works from Live Oak’s Headquarters in Wilmington, NC, but travels across the country to meet with craft beverage producers seeking expansion and advising them of their best loan options for their growing business.
Burr & Forman
Melinda practices in the Real Estate and Lending Practice Groups, focusing on condominium law, real estate law, and alcohol regulatory law.
Melinda is a member of the Firm’s Hiring Committee and is only one of two women to obtain the title of Certified CiceroneTM in the state of Alabama. She regularly presents seminars for developers, management companies, and associations on the topic of condominium and subdivision law in Alabama, Tennessee, and Mississippi and was a speaker at the Craft Brewer’s Conference in 2012, 2013, 2014, and 2015 on various legal topics relevant to brewery owners and managers.
While attending the University of Alabama School of Law, Melinda received the Thomas Wesley Martin Academic Scholarship as well as the Farrah Law Society Community Service Scholarship.
Baker Smith, CTP
Baker Smith is Managing Director in BDO Advisory and has over 25 years experience in crisis management, turnaround planning and strategic advice to company owners, management, lenders, creditors and investors.
Mr. Smith has led over 300 crisis management and turnaround teams for distressed companies ranging from $25 million to several billion in revenues, several as CEO, CRO and trustee. High profile assignments have included Interim CEO of Pic n Pay Stores(453 shoe stores in 23 states), financial advisor to Athlete’s Foot®, bank group advisor for General Time (Westclox®, Baby Ben®), turnaround advisor to Dixon-Ticonderoga CRO for Huck Group (display cases Walgreen’s and Family Dollar) financial advisor for Blue Lizard® Sunscreen,financial advisor for OneCare (consumer cleaning brands Clorox®, Bounce®, Dryel®, Roto-Rooter®), restructuring advisor for Otelco (telecommunications equity for debt swap), COO of Johnston Textiles (conveyors for John Deere®), CRO of Asheboro Elastics (seat belts for Ford® F-150 pickup truck),financial advisor Tyonek (avionics for Patriot missile and Blackhawk helicopter, financial advisor to Audifon (hearing aids),CRO of Roundtree (automobile dealerships), and bank group advisor for College Football Hall of Fame (restructuring and capital raise).
Baker’s food and beverage experience includes Buckhead Brewery, Geo. Dinwiddie (beer & beverage distributor), Quality Beverages, COI Foodservice (Applebee’s, Ryan’s, Shoney’s, Schlotzsky’s, Ruth’s Chris, Ted’s Montana Grill), Sandy Mac Foods, MidState Mills (flour), Captain's Choice®(soup and pie),Imperial Food Supply, Purity, Inc., Zartic® (chicken), Cagle’s Chicken, Banacol (bananas), Bob’s Candies®, Spectrum Brands, CalWestern (vegetable oil), and Kane Beef Processors.
Baker served as Transition Team Leader for the President-Elect of the United States. He is a member of the Beta Gamma Sigma honor business society. He was awarded the Outstanding Contribution to the Turnaround Profession and the TMA Atlanta Chapter’s Distinguished Service Award. He is a Certified Turnaround Professional (CTP), past president of the Association of Certified Turnaround Professionals, and past vice president of the Turnaround Management Association.
Shutts & Bowen
James A. Timko is a partner in the Orlando office of Shutts & Bowen, where he is a member of the Creditors’ Rights/Bankruptcy Practice Group and a business litigator.
James has received Martindale-Hubbell’s highest rating as an attorney whose practice involves distressed assets, bankruptcy and commercial litigation. He’s also a certified circuit civil mediator. James represents creditors, debtors, secured, lenders, mortgage companies, landlords, franchisors, bankruptcy trustees and other business enterprises in chapter 7 and chapter 11 bankruptcy cases and in assignment for the benefit of creditors cases. He’s represented creditors in bankruptcy cases across the country, including Florida, California, Texas, Delaware, New York, and Pennsylvania.
James also has significant experience resolving general commercial disputes, including copyright disputes. He’s also represented institutional lenders in connection with asset based lending transactions and real estate transactions.
A national speaker and author on creditors’ rights and bankruptcy law, James is the former president of the Florida chapter of the Turnaround Management Association, the premier international professional organization dedicated to corporate renewal and turnaround management. Prior to entering private practice, he was a judicial law clerk to the Honorable Judge Leslie Tchaikovsky of the U.S. Bankruptcy Court in the Northern District of California.