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Turbulent Times: Managing ESOP Owned Companies Through the Downturns - Key Considerations and Practical Advice

Webinars

Financial hardship wrought by the economic downturn adds considerable importance to ESOP-owned organizations’ approach to distributions. Participants and beneficiaries remain entitled to distributions, but new questions are raised as to the manner in which they are paid. This session will explore the nuances associated with distribution issues.

Learning Objectives

  • Understand ESOP distribution requirements during financial hardship - Identify what distributions are still required when companies face economic challenges.
  • Explore alternative payment methods - Learn practical options for managing distribution payments when cash flow is limited.
  • Apply best practices for compliance and communication - Implement strategies to maintain ESOP obligations while preserving company stability.

Presenters

Erin Turley headshot Presenter company logo

Erin Turley

Erin is a partner in the ESOP and employee benefits practice group of McDermott Will & Schulte LLP. Erin Turley focuses her practice on employee benefits matters. She has extensive experience handling issues pertaining to the Employee Retirement Income Security Act of 1974 (ERISA) and employee stock ownership plans (ESOPs). Erin’s tenure as chief executive officer of a privately held company owned by an ESOP provides her unique insights into the legal and practical implications and requirements of ESOP-owned companies.

Bradley Giordano headshot Presenter company logo

Bradley Giordano

Brad Giordano is a partner in the Business Restructuring group. Brad focuses his practice on representing debtors, creditors, direct lenders, ad hoc groups, sponsors and strategic investors in all aspects of complex in-court and out-of court corporate restructurings. Brad is frequently consulted by leading private equity investors, hedge funds, and private credit lenders on domestic and international insolvency and restructuring issues, as well as on strategic acquisitions or dispositions of distressed assets. Brad has played a key role in some of the most significant corporate reorganization cases across a variety of industries, including among others, healthcare, retail, energy, technology, hospitality, media, airlines, aircraft manufacturing, telecom and heavy machinery.

Thank you to our Sponsors

Blue Ridge
Chartwell
KSM
McDermott Will & Schulte LLP
PCE Investment Bankers, Inc.
Prairie
Praxis
Strategic Talent Partners
Texas Center for Employee Ownership