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.

Turnaround entries must be submitted in one of the categories listed below.

  • Small Company (company revenue at time of turnaround was less than $50 million USD)
  • Mid-Size Company (company revenue at time of turnaround was $50 million to $299 million USD) 
  • Large Company (company revenue at time of turnaround was $300 million to $1 billion USD) 
  • Mega Company (company revenue at time 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, debt restructuring, etc., to preserve value in a struggling business.

Transaction entries must be submitted in one of the categories listed below. 

  • 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)
  • 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

Applications
View the 2016 Turnaround of the Year Award application.
View the 2016 Transaction of the Year Award application.

Applications are due Friday, April 15, 2016, and this date will not be extended.

View the 2015 press release announcing the winners. View 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 period is now closed. 

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 period is now closed.  

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

Chapter Awards

Please note the deadline has been extended to July 27, 2016. By extending the deadline, events that take place between January 1, 2015 and June 30, 2016 will be eligible for consideration. 

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 July 27, 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 Case Competition

The newly updated Carl Marks Advisors Student Case Competition awards current graduate students the opportunity to examine and analyze real-world scenarios and discuss their findings with practitioners at the industry’s top conference, The TMA Annual. 
 
Please inform your alma mater and former professors about this great opportunity for their students. 

  • Applicants will analyze a company or industry currently facing financial challenges and provide a thoughtful assessment of the situation. 
  • New this year: Eligible applicants must be working toward a MBA, JD, or equivalent master’s degree.

View the 2016 application for detailed information. Applications are due Monday, June 6, 2016. Contact Maura Sage at msage@turnaround.org or 312-578-2043 with any questions.

First place: $3,000 (USD), The TMA Annual registration for author or team, $1,000 in travel reimbursement for author or team, TMA membership for one year, opportunity to present your report to leadership of Carl Marks Advisors
Second place: $1,500 (USD), The TMA Annual registration for author or team, $1,000 in travel reimbursement for author or team, TMA membership for one year, opportunity to present your report to leadership of Carl Marks Advisors

View the 2015 press release announcing the winners. View past award recipients.

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. View 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.

 

August
30
2016

Jay Dardenne, State Commissioner of Administration

New Orleans, LA United States
September
14
2016

2016 TMA Asia Pacific Conference

Sydney, NSW Australia
September
28
2016

2016 TMA Europe Distressed Investing Conference

London, United Kingdom
November
2
2016

The Annual: TMA's 28th Annual Conference

Orlando, FL United States

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TMA Reflections

Working to Harmonize EU Insolvency Laws

Gregory J. Fine, CAE
TMA chapter leaders from across Europe came together in Rome June 9 for the TMA European Chapter Presidents meeting. This annual gathering allows for a dialogue on issues and concerns facing turnaround, restructuring, and insolvency professionals in...
2016 TMA MidAmerica Regional Conference, Chicago, IL

2016 MARC Features Several ‘Firsts’

Harold D. Israel
The ninth TMA MidAmerica Regional Conference (MARC) took place May 11-13 at the InterContinental Hotel in downtown Chicago. Mike Egan of Monroe Capital and Meagan Hardcastle of Harmon Partners served as co-chairs of the event, which attracted more...
2016 TMA Mid-Atlantic Regional Symposium, Atlantic City

Back on the Boardwalk

Maura Sage
The 2016 TMA Mid-Atlantic Regional Symposium was back on the Atlantic City Boardwalk June 8-9 for the second year in a row. But will the popular seaside destination be able to address its financial woes and reclaim its status as a premier...
TMA Milestones

Milestones

Gordon Brothers Group has established São Paulo, Brazil-based operations and named Alfredo Finotti as executive director and Marcos Brandt as commercial director. In addition, the firm announced that it has formed a strategic partnership with...