Al King (Moderator)

Now Vice Chairman and a Director of Marshall & Stevens since 2005, he was previously Chairman of Valuation Research Corporation, another major international professional firm.  He began his association with that company in April 1991.  Mr. King had served as the company's Chief Financial Officer during its early years, leaving in 1981 to take the position of Managing Director with the Institute of Management Accountants (formerly known as the National Association of Accountants). 

Mr. King's areas of expertise include litigation support, valuation of intangible/intellectual assets, business valuations, solvency and reasonable equivalent value issues, valuation issues relating to domestic and international taxes and financial reporting, and complex allocation-of-purchase-cost assignments, including retrospective studies.  He has been admitted as an expert witness in cases involving damages, asset values and business enterprise values. Engagements have been defended before the Internal Revenue Service and before various Federal and State Courts, including the Southern District of New York, as well as arbitration panels under Federal Guidelines.  In his career to date he has personally appraised over $100 Billion of assets.

A native of Boston, Mr. King graduated magna cum laude in economics from Harvard College in 1954. In 1959, he received an MBA in finance from Harvard Business School.

After receiving his bachelor's degree, Mr. King worked in the Cash Management and Trust Investment departments at Northern Trust Co. in Chicago. He joined General Motors Corporation's Electro-Motive Division in 1959, assuming responsibility for cost accounting, standard costs, and budgeting. He left GM to work for two subsidiaries of Tenneco Inc., Walker Mfg. Co. and J.I. Case, for whom he was assistant corporate controller in charge of international and manufacturing accounting, including budgeting, financial reporting, and financial analysis.
 
In 1969, Mr. King joined American Appraisal Associates as controller, eventually becoming the firm's Chief Financial Officer. While with American, Mr. King was involved in acquisitions, divestitures, and financing. In addition, he played a role in the initial public offering of the company's stock..  Mr. King also participated in a wide range of appraisal and property record projects, including current value and replacement cost studies.
                               
As Managing Director of the Institute of Management Accountants, Mr. King was responsible for the association's professional activities, including education and research, and for its monthly magazine, Strategic Finance.

Mr. King holds the Certificate of Management Accounting, awarded for distinguished performance on the first examination for accreditation.  A specialist in cost management systems, he has lectured on the subject and has consulted with profit and not-for-profit organizations, as well as several Federal Government departments on Activity Based Costing.  He has also taught classes in cost management at Fordham University's Graduate School of Business Administration.

Mr. King has written more than 80 articles for professional journals; eight of those that appeared in Strategic Finance received certificates of merit as well as a silver and a bronze medal. In addition, he is the author of Valuation: What Assets are Really Worth, published in 2002 by Wiley, and of Total Cash Management, published by McGraw-Hill.  Mr. King is presently writing another book for Wiley on Valuation for Financial Reporting.
       
Still active in the Institute of Management Accountants, Mr. King is also a member of the Financial Executives International. He is listed in the current edition of Who's Who in America and Who’s Who in Finance and Industry..

Matthew Crow, Speaker

Matthew R. Crow joined Mercer Capital in 1994 and serves as a senior vice president and is a member of the firm’s board of directors. Mercer Capital is a premier business valuation and investment banking firm serving a national and international clientele. 

Business valuation services are provided for a wide variety of needs, including but not limited to corporate valuation services, tax compliance, litigation support, financial statement reporting compliance, and employee stock ownership plans.   Clients range from public to private, from smaller companies to large multi-nationals in a broad range of industries as well as numerous governmental agencies. 

In addition, Mercer Capital provides corporate advisory services including both sell-side and buy-side merger and acquisition representation services, fairness opinions, solvency opinions, business interest and securities valuation, and board presentations, among others.  

Circumstances giving rise to the engagements Mr. Crow is involved with include financial reporting, corporate planning and reorganizations, mergers and acquisitions, employee stock ownership plans, profit sharing plans, estate and gift tax planning and compliance matters.

Mr. Crow’s practice currently focuses on valuation for financial reporting (compliance with SFAS 123, 141, 142, and 144), and transaction consulting and advisory services.  He is experienced in the valuation of intangible assets, options, and assets subject to specific contractual restrictions.  Mr. Crow is also a senior member of the Valuation for Financial Statement Reporting Team at Mercer Capital.

Mr. Crow has broad industry experience providing corporate valuation and investment banking services to hundreds of companies in an array of industries.  Specific industry experience includes, but is not limited to, agriculture, auto-truck dealerships, communication equipment, construction, distribution companies, financial services, manufacturing, printing, restaurants, software companies, technology companies, and telecommunications.

Jim Travis, Speaker

Jim is the Group Managing Partner of Plante & Moran’s Litigation, Valuation and Investigative Services Group. Jim has over 25 years of experience in litigation support, business valuations, valuations of intellectual property, securities disputes, project management and consulting clients on a wide array of valuation and litigation related issues.

Jim’s experience includes expert testimony in Federal and State Courts on litigation support and business valuation issues. Jimhas performed valuations of businessesand intellectual property/intangible assets for corporate, M&A, income tax and financial reporting purposes. He has given numerous speeches and has published articles on those topics.

In addition to his duties at Plante & Moran, Jim serves on the Appraisal Issues Task Force, working with appraisal industry members, the SEC and FASB on FAS141 and 142 valuation issues. He also serves as a Senior Member in the Business Valuation Section of the American Society of Appraisers, the Chicago Business Valuation Association, the National Funding Association and the Association for Corporate Growth.

CPE Credit Information

Earn 2 Interactive CPE Credits (Consulting Services)
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