Kleinbard LLC partner, Mary Beth H. Gray, presented at the NCEO 2017 Employee Ownership Conference in Denver, Colorado on April 4, 2017.  Ms. Gray’s session was entitled: Should We Segregate the Accounts of Terminated Employees?  Her session covered the cash flow, cultural, employee benefits and repurchase obligation consequences of replacing company stock with other investments (including cash) when an employee terminates employment, even when the distribution may not be paid for a couple of years.

Ms. Gray practices in the areas of mergers and acquisitions (representing sellers and buyers), corporate finance, corporate governance, corporate restructuring, and executive compensation. Her practice has a special focus on business succession, including the sale of businesses to employee stock ownership plans (ESOPs) and other transactions involving ESOPs. She has extensive experience in mergers and acquisitions, and has represented buyers and sellers in more than 300 transactions involving both equity and assets. Ms. Gray also regularly advises companies and shareholders with respect to both transactional and operational issues, including corporate governance, stock ownership, succession planning, equity and non-equity compensation, securities law issues, corporate finance, and corporate tax matters.

Ms. Gray is a frequent speaker on the topic of ESOPs.  She is a member of the ESOP Association and the National Center for Employee Ownership.  In addition, she is a member of the Forum of Executive Women and the Sustainable Business Network of Philadelphia.