About Us

TMA Awards

About the Awards 

TMA honors excellence through its annual awards program, which recognizes achievements in the categories listed below.

Turnaround and Transaction Awards

Turnaround of the Year Award

The Turnaround of the Year Award recognizes the individuals who establish effective operations, implement solid management, improve cash flow, and increase production, in addition to the other operational factors leading to recovery of a struggling business.

TMA understands that each turnaround is unique. 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 less than $50 million USD)
  • Mid-Size Company (company revenue at onset of turnaround was $50 million to $299 million USD) 
  • Large Company (company revenue at onset of turnaround was $300 million to $1 billion USD) 
  • Mega Company (company revenue at onset of turnaround was at least $1 billion USD) 
  • International Company (company with significant cross-border operations) 
  • Pro Bono (no fees in exchange for services); entry must demonstrate financial stability 
  • Non-Profit A tax exempt organization without shareholders that uses its surplus net assets to achieve its mission

Transaction of the Year Award

The Transaction of the Year award 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 less than $50 million USD)
  • Mid-Size Company (company revenue at time of transaction was $50 million to $299 million USD) 
  • Large Company (company revenue at time of transaction was $300 million to $1 billion USD)
  • Mega Company (company revenue at time of transaction was at least $1 billion USD)

Applications
The 2015 application period is now closed. Next year's application period will open in March 2016.

View the 2015 press release announcing the winners. View a complete list of past award recipients.

Individual Awards

Outstanding Individual Contribution Award

In an industry where time is never plentiful, it takes a dedicated individual to complement professional pursuits with volunteerism. Whether assisting with a pro bono case or serving in a TMA leadership position, this individual raises the awareness and stature of the corporate restructuring industry. Winners of this award are TMA members with a long history of industry experience who have made significant contributions to TMA over many years. This award honors the dedication of those outstanding individuals who give back to their profession.

View the 2016 application.
The individual award application deadline has been extended to February 23, 2016

Emerging Leader Award

Emerging leaders bring a vibrancy and energy to volunteer organizations, from fresh ideas to cutting edge technology suggestions. Without these innovative perspectives, an association would flounder. The winner in this category can be an active NextGen volunteer or a professional new to the turnaround and restructuring field. This award honors the dedication of one such individual.

View the 2016 application.
The individual award application deadline has been extended to February 23, 2016

View last year's individual award recipients and past award recipients

Chapter Awards

Chapters encompass the very spirit of TMA, providing members with local access to educational programs and workshops, high-quality speakers, networking opportunities, pro bono engagements, and civic and community endeavors. The 2015 TMA Chapter Award application period is now open for the following categories:

Chapter Operational Excellence
View 
the 2015 application

International Chapter Operational Excellence
View the 2015 application

Most Innovative Program
View
the 2015 application

Special Consideration
View
the 2015 application

Special Interest Group
View
the 2015 application

The 2015 applications are due March 30, 2016.

View the 2014 Chapter Award winners. 

CTP of the Year Award

The CTP of the Year award recognizes an individual who successfully led a recovery of a struggling business. The award honors the dedication of those who strive to differentiate themselves from their colleagues and provides evidence of a lifelong commitment to the corporate renewal industry. 

Carl Marks Advisors Student Paper Competition

The Carl Marks Advisors 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. 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 Advisors.

Papers are judged in two categories: case study and theoretical/conceptual. First and second place prizes will be awarded in each category. 
 
The 2015 Carl Marks Advisors Student Paper Competition is now closed. Next year's application period will open in early 2016. 

First place: $3,000 (USD), plus registration and travel expenses for one author for The TMA Annual.
Second place: $1,500 (USD), plus registration and travel expenses for one author for The TMA Annual.

View the 2015 press release announcing the winners. Click to view past award recipients.

Contact Maura Sage at msage@turnaround.org or 312-578-2043 with any questions.

Butler-Cooley Excellence in Teaching Award

Established in 2004 with a grant from the John Wm. Butler Foundation, Inc., 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. Two teachers each receive a $5,000 cash prize and up to $1,000 USD in travel, hotel arrangements, and meals while on-site for The TMA Annual. 

View the 2016 application. Entries must be received by Monday, May 2, 2016

Contact Maura Sage at msage@turnaround.org or 312-578-2043 with any questions.

Read the 2015 press release announcing the winners. Read about past award recipients

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.

 

February
17
2016

2016 TMA Distressed Investing Conference

Las Vegas, NV United States
March
16
2016

TMA Europe's Eastern European Conference: Investment and Innovation - Restructuring and Reform in CEE

Prague, Czech Republic
June
9
2016

2016 TMA Europe Rome Conference

Rome, Italy
November
2
2016

The Annual: TMA's 28th Annual Conference

Lake Buena Vista, FL United States

The latest issue of the Journal of Corporate Renewal is now available online. https://t.co/Bu2KZGIT56 #TMA https://t.co/rBnFKF3goB

#TMA Global CEO Greg Fine shares his thoughts on Zika's impact https://t.co/TOpNVzwmNe

Last day to register and save for #TMADIC. Register here: https://t.co/9v0tJVp6vl

See who's speaking at #DIC & register by Jan. 25th (early bird deadline) #distressed #investing https://t.co/BKum7wwUfj

RT @SMFService: Meet our awesome 2016 #NJTMA Officers & Directors! #TMA #TurnaroundManagementAssociation @TMAGlobal https://t.co/FcYdqCauKn

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