The American Society of Appraisers announced
that ASA International Past President Ronald M. Seaman,
FASA, passed away at 88 years old on Tuesday, March 10. He was the founder/president of Southland Business Group (Tampa, Fla.). He was a business valuer for over 25 years, as well as a licensed real estate broker and qualified expert witness in federal, state, bankruptcy, and tax courts. Mr. Seaman also was a frequent presenter and author, who participated at profession events and published numerous articles and a publication, LEAPS and the DLOM,
a book that takes a closer look at LEAPS—or publicly traded put options—as proxies for determining the discount for lack of marketability (DLOM) on valuing privately held stocks.
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