Hudson Labs propriety AI models can now identify management biographies in proxy statements (DEF 14A), facilitating facilitates a unique analysis of executive and director experience with previous bankruptices
Some highlights from a recent data pull*
FLOWSERVE CORP ($FLS): The chair, CFO and CAO all previously worked at different companies that recently went bankrupt…and there’s more.
The current chair, David Roberts, was previously the CEO of Gavilan Resources, LLC which filed under Chapter 11 in 2020.
Current CFO, Amy Shwartz, previously held the role of CFO at Peabody Energy which filed under Chapter 11 in 2016.
Chief Accounting Officer, Scott K. Vopni, previously worked as the CEO of Dean Foods Co. which filed under Chapter 11 in 2019.
Board member, John R. Friedery, previously worked at Ball Corporation which was subject to an SEC enforcement action shortly after his tenure.
OUTFRONT MEDIA INC ($OUT): Two independent directors held executive positions at companies that subsequently went bankrupt.
Peter Mathes (board member since 2014) was the CEO of AsianMedia Group LLC, now defunct.
Angela Courtin (board member since 2017) was the CMO at Relativity Media LLC which filed under Chapter 11.
ARMOUR RESIDENTIAL REIT INC ($ARR): Two current board members served as the co-chairmen of the now defunct company, FriendFinder. In their words, “FriendFinder was strategically restructured pursuant to a consensual repackaged plan of reorganization in federal bankruptcy court effective in 2013”.
ALIGHT INC DELAWARE ($ALIT): The Chief Legal Officer and General Secretary filed for personal bankruptcy in 2014.
SABRE CORP ($SABR): Sabre’s current CEO previously worked at not one but two airlines, both of which went bankrupt.
*The above are highlights. Learn about requesting the full dataset here. No additional analysis has been performed on the above companies.
The full data pull is structured like this:
Interested in exploring more ideas like this? The full data pull is available to premium (tier 2+) Hudson Labs customers. Learn more about ad hoc data requests here.