A sad note …

BVWireIssue #210-4
March 25, 2020

valuation profession news
ASA, business valuation profession, discount for lack of marketability (DLOM)

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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