TMA Annual Awards Program
2012 Turnaround and transaction awards
ENTRY DEADLINE: Tuesday, May 15, 2012, by 3:00 p.m. Central
ABOUT THE AWARDS PROGRAM
TMA honors excellence through its annual awards program, which recognizes achievements in the categories listed below.
TURNAROUND OF THE YEAR AWARD
A turnaround means more than adjusting a balance sheet. When corporate value is on the line, jobs are at stake and time is the enemy, turnaround professionals step in to establish effective operations, implement solid management, improve cash flow and increase production, in addition to the countless other factors that contribute to the triumphant recovery of a struggling company.
Because TMA understands that each turnaround is unique, it has created distinct categories to recognize outstanding turnarounds. The awards are presented to the individual, who together with a team of turnaround professionals, has orchestrated the most successful turnaround in the following categories:
- Small Company (company revenue at onset of turnaround was $50 million USD or less)
- Mid-Size Company (company revenue at onset of turnaround was $50 million to $300 million USD)
- Large Company (company revenue at onset of turnaround was $300 million USD or greater)
- Mega Company (company revenue at onset of the turnaround was $1 billion USD or greater)
- International Company (company with significant cross-border operations)
- Pro Bono (no fees in exchange for services); entry must demonstrate financial stability
TRANSACTION OF THE YEAR AWARD
The Transaction of the Year awards recognizes the individuals who orchestrate a non-operational restructuring, including merger and acquisition, sale, loan, liquidation, etc., to preserve value in a struggling business. Entry categories include:
- Small Company (company revenue at time of transaction was $50 million USD or less)
- Mid-Size Company (company revenue at time of transaction was $50 million to $300 million USD)
- Large Company (company revenue at time of the transaction was $300 million USD or greater)
- Mega Company (company revenue at time of the transaction was $1 billion USD or greater)
ELIGIBILITY FOR ALL AWARDS AND CATEGORIES
- Every nominee must be a TMA member in good standing prior to submitting the entry. TMA membership is on an individual basis. Click
HERE to check current TMA membership status.
- The company must be stable and must have a positive net worth.
- The transaction/turnaround must have been completed between May 1, 2011, and April 30, 2012.
ENTRY DEADLINE: Tuesday, May 15, 2012, by 3:00 p.m. Central
Click for the TURNAROUND OF THE YEAR AWARD application
- The application has been redesigned and is now PDF writable.
- Entry instructions and guidelines are included on the application.
- The “Historical Financial Statement Form” can also be accessed
here.
Click for the TRANSACTION OF THE YEAR AWARD application
- The application has been redesigned and is now PDF writable.
- Entry instructions and guidelines are included on the application.
- The “Historical Financial Statement Form” can also be accessed
here.
Contact Julie Schwenk, jschwenk@turnaround.org, or at 312-578-2021, with any questions you may have. Email requests for sample winning entries to jschwenk@turnaround.org. Please include desired award category. Every effort will be made to process requests within 48 hours of receipt. TMA cannot guarantee that a sample will be available in all categories; permission to use a past winning entry for this purpose is at the discretion of the award recipients.
- Awards will be presented at the 2012 TMA Annual Convention.
- View a complete list of past award recipients.
CARL MARKS STUDENT PAPER COMPETITION
ENTRY DEADLINE: FRIDAY, JUNE 1, 2012
ABOUT
The Carl Marks Student Paper Competition was established in 2003 to recognize outstanding student achievement in the field of corporate renewal, as well as provide research that may offer new insight into the profession and expand TMA’s university outreach. Prizes are presented each year at TMA’s annual convention in October. The program is administered by the Turnaround Management Association, the only international non-profit association dedicated to corporate renewal and turnaround management, and is funded with the support of Carl Marks Advisory Group LLC.
PAPER CATEGORIES
Case Study- Focus on a company and how it could be turned around
Theoretical/Conceptual- Focus on turnaround issues and theories; understanding the theoretical underpinnings of turnarounds
CASH PRIZES
First ($3,000) and second ($1,500) place prizes will be awarded in each paper category. This award will be presented at the TMA 2012 Annual Convention, November 1–3, 2012 at the Westin Copley Place in Boston, MA.
ELIGIBILITY
Authors must have been enrolled in and attending an MBA or equivalent business-related Master’s Degree.
The paper must have been completed between May 31, 2011 and May 31, 2012.
Click for the 2012 Award Application.
Click to view past award recipients.
Contact Katie Cobb at kcobb@turnaround.org with any questions.
Chapter of the Year, INTERNATIONAL CHAPTER OF THE YEAR, Most Improved Chapter of the Year and Outstanding Individual Contribution Awards
Thank you for your submissions, the awards program is now closed. Awards will be presented at the 2012 TMA Spring Conference, April 3-5 at the the Grand Hyatt Atlanta.
Click to view past recipients.
Contact Katie Cobb at kcobb@turnaround.org or 312-578-2094 with any questions.
Butler-Cooley Excellence in Teaching Awards
The Butler-Cooley Excellence in Teaching Awards Program honors teachers who have demonstrated their capacity to change the outcome of students’ lives and communities where they teach. TMA is accepting nominations for the award through May 1, 2012.
Two teachers each receive a $5,000 cash prize and transportation and lodging expenses (up to $1,000 USD) for the TMA 2012 Annual Convention, November 1–3, Westin Copley Place, Boston, Massachusetts
Contact Dan Goldberg at dgoldberg@turnaround.org or 312-578-2042 with any questions.
Additional Awards
TMA presents Lifetime Achievement Awards and Chairman’s Awards in certain years. For details about these awards, including a list of past recipients, please click here.