Turnaround Management Association

TMA is thrilled to showcase the talent and diverse pool of industry leaders in our community through our TMA JCR Snapshot series, and this edition features Ken Mann, managing director at SC&H Capital and a 9-year TMA member.

In this Q&A, Mann shares how a chance meeting with Equity Partners founder John Herman set him on the path from investment banking into turnaround and restructuring work. He also reflects on one of his most memorable deals: a precision machine shop in Chapter 11, where he had to win over a reluctant ex-Marine CEO to get a sale across the finish line.

Mann speaks to the sense of purpose he finds in helping businesses and jobs survive, and in giving back through charitable involvement.

Read the full Snapshot to learn more about Mann's journey and insights at https://www.turnaround.org/journal-article/smooth-sailing-ken-mann/

One session. Plenty to talk about.

Where Did the Money Go? How Good Companies Go Bad, is one of those sessions happening at the 2026 TMA Annual that will get everyone talking.

Join us October 27-30 in Houston as turnaround professionals present a real-world look at how healthy companies fall into financial distress—from missed warning signs and leadership decisions to operational challenges and strategic missteps.

The panel will also explore the financing, restructuring, and leadership strategies that can help companies recover. Don't miss out! Register now at: annual.turnaround.org



Panelists
Pablo Bonjour, MBA, Veritas Restructuring Group
Angelica (Angela) Fiorentino, AmeriFactors Financial Group
Jim Lightburn, Gordon Brothers
Marc Schwartz, CPA, Schwartz Associates

The 2026 TMA Annual Conference is just ONE MONTH away!

Want to expand your network and get access to exclusive sponsor hosted networking opportunities? Now is the time to register.

Sponsors are finalizing their hosted events and parties, and registering now helps ensure your name is included on the attendee list shared with sponsors for consideration for these coveted invitations.

Don’t miss the chance to connect, build relationships, and make the most of your 2026 TMA Annual experience. Register now at annual.turnaround.org

What happens when ethical decisions in turnaround and restructuring become deeply personal?

Join us for TMA Turnaround Square: Ethical Considerations: A Stimulating & Insightful Discussion from Industry Thought Leaders on Monday, September 28, 2026, at 11:00 a.m. CST / 12:00 p.m. EST.

This thought-provoking discussion will explore the human side of ethics in turnaround and restructuring, with expert panelists sharing real-world experiences navigating complex decisions, competing priorities, and the emotional toll these situations can have on individuals and families.

Free for TMA members—make the most of your membership and register today at: https://lnkd.in/dwirZB3Y..

Don’t miss this opportunity to hear firsthand perspectives from industry thought leaders and engage with the important ethical questions that shape our profession.

Panelists:
Honorable Thomas Horan, U.S. Bankruptcy Court, District of Delaware
Jordan Chavez, Haynes Boone
Terry Keating, Valley Bank
Suzanne Koenig, CTP, SAK Management
Captain Michael Reed-Price, U.S. Air Force

Distress in Private Credit: Anatomy of a Private Credit Workout
Sponsored by SC&H Group

Private credit is now a $2 trillion asset class, rivaling high-yield and syndicated loans in size. So is it cracking under pressure, or holding steady? Fitch clocked the U.S. private credit default rate at a record 6.0% in April 2026. Yet realized losses through year-end 2025 stayed below historical norms, leverage remains modest, and some of the industry's sharpest voices say the "distress" narrative is overblown.

Wherever you land on that debate, one thing is certain: nonperforming private credit loans bring workout dynamics unlike anything else in the restructuring world. Catch this panel live at the 2026 TMA Annual in Houston, Oct 27-30, and dig into exactly that.

Not registered yet? Visit annual.turnaround.org to be on your way to joining us!



Speakers
Molly Jobe, CTP, FTI Consulting
Mark Kassis, Archway
John Mostofi, Eclipse Business Capital LLC
Jonathan Weinberg, Monroe Capital LLC

Hispanic Heritage Month is a time to celebrate the rich culture, history, and contributions of Hispanic and Latino communities, and here at TMA, we're proud to recognize the diverse voices that make our turnaround and restructuring community stronger.

Diversity drives innovation. Different perspectives, backgrounds, and life experiences shape how we solve problems, lead teams, and approach the complex challenges of this industry. Our members' varied journeys are part of what makes TMA such a dynamic and forward-thinking community.

We want to celebrate YOU!

Are you a TMA member who would like to be featured and share your culture, your journey, and your successes in the turnaround and restructuring industry? We'd love to showcase your story.

📧 Reach out to us at [email protected] to be featured.

Let's celebrate the diversity that strengthens our profession, together.

Heading to the 2026 TMA Annual in Houston, October 27-30? Add the TMA Network of Women Presentation & Luncheon to your agenda now: annual.turnaround.org

Don't let this networking opportunity slip by! Join the women of TMA NOW, and the allies who champion them, for an energizing afternoon built to spark valuable connections, new opportunities, and meaningful business relationships.

✨ What's in store:
🍽️ A delectable lunch.
🤝 Dedicated networking time.
🎤 An inspiring conversation guided by Kathryn McGlynn, AlixPartners with Tiffany Chen, co-founder and Chief Creative Officer of Tiff's Treats Cookie Delivery, sharing her entrepreneurial journey.

Sponsored by AlixPartners

Space is limited and this event is expected to sell out. Register early to secure your seat!

🍪 Bonus: Tiff's Treats is giving the TMA community a sweet head start! Get $10 off a $20+ purchase with code TMA10 at cookiedelivery.com (valid through October 31, 2026, one-time use per customer).

Join expert CTPs on Friday, September 18 at 12:30 PM CST / 1:30 PM EST for Part 2 of our 3-part series reviewing Lessons 5–10 of TMA's Body of Knowledge: Accounting and Finance materials!

What we'll cover:
✅ Financial modeling
✅ Cash cycle & working capital
✅ Borrowing base (asset-based lending, eligibility criteria & field audits)
✅ 13-week cash flow forecasting
✅ Financial leverage & debt market

Whether you're prepping for your CTA or CTP Accounting and Finance exam, or simply looking to sharpen your financial expertise, this session is for you.
Register: https://lnkd.in/gexyhF9z..

This session is free for TMA members and non members and 1.8 CEU and CPE credits are available to webinar attendees.

TMA’s 10-part Leading Edge Series produced by Second Wind Consultants/Rise Alliance comes to a close with a timely conversation about the talent, skills, and relationships that define great turnaround professionals.

In the final episode, TMA Global President Brian F. Gleason, CTP, sits down with Hannah Robb, Wilton & Bain to explore what it takes to thrive in the restructuring profession, from financial acumen and leadership to communication, business development, composure, and the often-overlooked power of generosity.

They also discuss why turnaround expertise is increasingly valuable in private equity and private credit, and how the relationships built through TMA create opportunities, collaboration, and stronger outcomes for clients.

Watch the final episode of the TMA Leading Edge Series at https://www.youtube.com/watch?v=qgvM8tFW3MI and hear why the professionals built for challenging situations are increasingly in demand across the financial landscape.

Thank you for following the series and being part of the conversation shaping the future of turnaround and restructuring! Want to view past episodes visit https://www.turnaround.org/tma-on-the-leading-edge/ to get caught up.