FEI Houston Chapter Newsletter / January Issue, 2014 Page 1

This presentation will discuss current developments related to finance with the SEC including

those related to registrations and “hot buttons” on their list when reviewing 10-K companies.

Christine B. LaFollette is the partner in charge of the Houston office and a member of the firm’s

management committee and the Houston office’s diversity committee. Ms. LaFollette has more

than 30 years of experience representing issuers and underwriters in public offerings and private

placements of equity and debt securities, restructurings and financings, including master limited

partnerships, as well as federal and state securities laws matters.

SEC Hot TopicsChristine LaFollette, Partner, Akin GumpJANUARY 21ST MEETiNG:

Financial Due Diligence & Valuation – Trends and TechniquesJANUARY 21ST PRoFESSioNAL DEVELoPMENT SESSioN:

Jim Harden, Valuation Services, Brad Ross, Transaction Advisory Services, and Chin Yu, Forensic Accounting ServicesHein & Associates LLP

Jim Harden serves as the Hein’s Business Valuation Services Leader. Jim has 30 years of experience providing valuation,

economic consulting and litigation support services to public and private companies, investment firms and law firms.

His business valuation expertise includes oil and gas reserve valuation, business valuation and machinery & equip-

ment valuation used to support purchase price allocations, Federal, state and international tax structuring, estate plan-

ning, mergers and acquisitions, bankruptcies and damage estimation. In addition to core valuation experience, Jim has

served as expert witness courts of law, including Federal and US Bankruptcy courts, and before the IRS and state tax ap-

peal boards. Jim has valued assets and businesses in more than 40 countries serving clients that include major and in-

dependent oil and gas companies, onshore and offshore drillers, oilfield service companies, midstream MLP’s, indepen-

dent refiners, petrochemical companies, power companies, mining companies, hedge funds and private equity firms.

Prior to Hein, Jim worked for Berkeley Research Group, Ernst & Young, Texaco, and as an independent oil and gas operator.

Brad Ross has over 15 years of dedicated Transaction Advisory Services experience, including buy- and sell-side financial

due diligence on over 200 assignments. Brad serves both corporate and private equity clients on transactions ranging from

$1M to several billion dollars in deal value. In addition to traditional diligence projects, Brad has extensive experience in

assisting clients with post-closing purchase price adjustment mechanisms. Brad has also participated in a number of re-

structuring assignments on both the company and creditor side, involving some of the nation’s largest banks. Brad’s

international deal experience includes target companies based in Canada, Mexico, Bolivia, Spain, the United King-

dom, India, China and Japan. Prior to his TAS experience, Brad was an auditor with Deloitte & Touche for eight years.

Chin Yu has over 13 years of experience with internal and external fraud investigations, litigation consulting and

valuation services. He brings a wealth of knowledge in the areas of corporate governance, mergers and acquisi-

tions and complex financial transactions. Chin’s experience as a corporate officer at a large public company pro-

vided him the opportunity to manage and direct the successful completion of a variety of enterprise projects tar-

geted for organic and acquisitive growth. This hands-on knowledge gives him a unique ability to understand a client’s

perspective while navigating regulatory issues that impact corporate transactions such as IPOs, mergers and ac-

quisitions. Chin has a very broad range of industry expertise, including distribution, construction, financial, profes-

sional services and energy services. Chin has expertise in valuation issues within the E&P and oilfield services sec-

tors, specifically working interests, royalty interests and asset appraisals. Chin is a Certified Fraud Examiner (CFE).

Monthly Dinner Meeting Tuesday, January 21, 2014

LoCATioN:

Houston Country Club1 Potomac DriveHouston, TX 77057

AGENDA:

Professional Development Session (4:30pm)Social hour (5:30pm)Dinner (6:30pm)

MEETiNG SPoNSoRS:

in this issue:

President’s Letter....................................Officers & Chair....................................... New Members........................................ Upcoming Events..................................FSF Administrator Position..................Academic Deans’ Luncheon...............Annual FEI Wine Dinner........................FEI Key Club.............................................New/Prospective Member Social.....FEI Sponsors............................................Meeting Registration............................

Page 2Page 2Page 3 Page 3Page 3Page 4Page 4Page 5Page 5Page 6Page 6

FEi Houston Chapter P.O. Box 32 Bellaire, TX 77402Tel: 713.839.0808 / Fax: 713.839.1453 info@feihouston.org Chapter Administrator: Tiffany Mantaring

financial executives

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i n t e r n a t i o n a l

Houston chapter newsletterwww.feihouston.org - September Issue, 2013January issue, 2014

FEI Houston Chapter Newsletter / January Issue, 2014 Page 2

Happy New Year to All,

It seems like a long period of time has elapsed since our last meeting. For those who couldn’t make our November meeting, Mike Gibbons, Managing Director with Alvarez & Marsal’s Global Forensics and Dispute Services, provided our dinner topic, “New Cyber Threats Need New Planning Strategies” and Michael Porier from Protiviti provided our PD session, “Business Continuity-lessons learned and current trends”. While some businesses think they might be immune to cyber issues, the recent credit card issues at Target Dept Stores reminds all of us that this is a very real issue in today’s electronic

world. Thanks again to all of these folks for taking the time from their busy schedules to meet with our group.

As previously broadcast, we held our annual Sponsor Appreciation Event in December at the beautifully decorated Houston Country Club and opened the event to our sponsors, Board, Committee Chairs and our members who registered before our cut-off date. We had a wonderful turn-out and the sponsor feedback was great. Thanks to Joe Abel who coordinated this event.

Our chapter incorporated itself early in the fall and the Board has adopted and agreed a new set of bylaws for our chapter. Please take the opportunity to read and familiarize yourself with our bylaws as they have been posted to our website and will remain there with all governing and appropriate documents. Thanks to Victor Elgohary for implementing the incorporation process and for Bruce Misamore, Chuck Fischer and Victor for moving the bylaw process forward to completion.

Our Financial Scholarship Foundation luncheon, hosted by Halliburton, was held in mid November and was attended by the Deans from the 12 universities whose accounting and finance students are recipients of the Foundations’ scholarship awards ($4,000/student) along with FSF Board, FEI Board and other chapter members. This luncheon was a great success. Thanks to Mark Haukohl and his Board for coordinating this event. And thanks to our membership for your continued financial support to our Foundation.

Our annual Wine Dinner for members/spouses/dates is just around the corner and you should have received a “save the date” before Christmas. Mark your calendar to reserve Saturday February 8, 2014. This year’s event will be held at the Hilton Americas Hotel in downtown Houston, in the spectacular Skyline Room. Hors D’Oeuvres will be served at 6:30pm (with sparkling wine), and the formal four-course dinner (with paired wines) will be served at 7:30pm. Complimentary valet parking will be provided. If you wish to spend the evening in the Hotel, a block of rooms have been reserved at a discounted rate. Black tie optional. Thanks to Jim Davis and his wife, Diane, for chairing and coordinating this wonderful event.

If you haven’t registered for our January 21st meeting, please visit our website at www.feihouston.org and do so. We have another great program planned with Chris LaFollette, partner in charge of the Houston office of Akin Gump who will be our dinner speaker discussing SEC hot topics. Hein and Associated will provide our Professional Development session. Both of these are timely since many of our members are integral in their firm’s SEC 10-K filings in the first quarter.

Our sincere thanks to Hein and Associates who is our platinum dinner sponsor and to Wells Fargo, who is our gold social hour sponsor for our January meeting. Without the generous support of our sponsors, who contribute money, time, in-kind donations, and ideas to our chapter, we could not accomplish what we do each year. Please give our sponsors preference when needing business services from these valuable partners.

I continue to encourage each of you to get involved with the chapter. Many of the successful chapters build a “bench” to ensure continuity from year to year and it helps to spread the work around. We will not throw you into the deep end and it’s a great way to get involved and fellowship with our group.

As always, please let us know what we as a chapter can do for you.

Regards,

Phil Denning, FEI Houston President

A letter from the president FEi Houston officers and Committee Chairs

PresidentPhil Denning, Shell Oil Company

President-ElectChris Matlock, Lookout Capital Management

V.P. – ProgramsBlair Habuda (lead)Jim Howe

V.P. MembershipRobert Baumgartner (lead)Mike Kinney, Experis Finance

V.P. SponsorshipRebecca McCulloch, HSBC Bank USA (lead)Joe Abell, Entropy ModulationMaurice Nassar, Aventine Hill Partners

V.P. Academic RelationsRandall Houston, US LED

V.P. Prof. DevelopmentJ. Philip McCormick, Jr., KBR (lead) Tony Maresca, Bullseye Evaluation LLC

SecretaryElizabeth Wilkinson, Resources Global Professionals

TreasurerVictor Elgohary, V.S. Elgohary & Associates

Immediate Past PresidentEric Khan, The Rand Group, LLC

Member Career Services ChairKevin Hanratty, Astoundry, Inc.

FERF Liaison ChairJennifer Whitley, Far East Energy Corp.

Social Events Co-ChairsJim Davis, Pluris Capital Advisors, Inc. Todd Ruden, Cardtronics, Inc.

FEI Houston Chapter Newsletter / January Issue, 2014 Page 3

Upcoming EventsWebcasts

FEi Houston Chapter DirectorsFrances Powell Hawes, Hawes InterestsBruce Misamore, Yukos Oil CompanyKevin Dartez, SitusJeff Curtiss, KBRChuck FischerMichael J. Vitek, 212 ResourcesM. Colleen Estes, Sirius Solutions, LLLPEric Khan, The Rand Group, LLCTerry Sanford, Design Tech Homes

Matt Bregman Tercel Oilfield Products Ltd

Jeff Martini OsComp Systems, Inc.

Joao Metelo EDP Renewables

Jake Pyles Paradigm

New Members

January- Member Benefits 101: Getting To Know Your FEI!This webcast will give you indepth insights into your FEI membership benefits and career service offerings as well as updates on technical committee activities, and new research efforts from FERF (Financial Executives Research Foundation).1:00 p.m. Central

Jan 15

Jan 16 Mobile Workforce Issues: Taxation of Salary, Equity Compensation and Fringe Benefits for Employees Working in Multiple Taxing Jurisdictions Presented by Ryan LLC12:00 p.m. Central | 1 Hour | 1 CPE Credit available

Jan 21 Sprinting to the Finish Line: Potential Refund of FICA Taxes Paid on Severance and Other Opportunities to Act on NowPresented by ADP12:00 p.m. Central | 1 Hour | 1 CPE Credit availableQuestions? Please call 1-855-237-4236 1-855-237-4236 FREE

Jan 23 How Revenue Recovery Companies Speed Collections For Better ResultsPresented by Hunter Warfield 1:00 p.m. Central | 1 Hour | No CPE Credits availableQuestions? We want this to be interactive. Attendees can ask questions by using the GoToMeeting.com tool before or during the webcast.

Jan 28 Internationalization and Tax StructurePresented by Nair & Co.COSO 2013: Monitoring (session 6 of 6)1:00 p.m. Central | 1 Hour | 1 CPE Credit available

Jan 29

Tim Raymond Exxon Mobil Corporation

Michael Rutledge BG Staffing

Timothy Taylor Paradigm

David Valentine EDP Renewables

Feb 6 New AICPA IPR&D Guide - A Valuation Perspective Presented by Duff & PhelpsCOSO 2013: Monitoring (session 6 of 6)12:00 p.m. | 1 Hour | No CPE Credits available

The FEI Scholarship Foundation (“FSF”) is in need of a part-time individual to assist in the analytical and administrative work involved in overseeing the Foundation and soliciting contributions. The position will require an average of approximately 20 hours per month and attending six evening meetings and two full days of scholarship activities per year. This will be a contract assignment, receiving a 1099. Responsibilities will include liaison activities with theAcademic Relations Committee in preparation for Academic

Honors Day, donor solicitation and recognition activities, and various financial and administrative duties. The candidate should have basic financial acumen, ability to use Microsoft Office suite, analytical skills, able to use business and social networking applications, organization skills, strong written and verbal communication skills and a basic knowledge of not-for-profit / volunteer organization challenges. Contact John Thomas at 713-850-3509 for more information.

FSF Administrator Position

Online Workshop: Preparing for Your IPOPresented Equity Administration Solutions, Inc.1:00 p.m. | 2 Hours | 2 CPE Credits availableQuestions? Call Magali LeBouder at 925-730-4357 925-730-4357 FREE or send email to: Magali.lebouder@easiadmin.com

FEI Houston Chapter Newsletter / January Issue, 2014 Page 4

Successful 2013 Academic Deans’ LuncheonThe 2013 Academic Deans’ Luncheon, sponsored by Halliburton and facilitated by the FEI Scholar-ship Foundation and Academic Honors Committee, proved to be a major success in November. University Deans, Associate Deans and Senior Faculty attended from the 12 local Business Schools awarded FEI Aca-demic Scholarships, plus Senior Halliburton Finan-cial Executives and Senior FEI Chapter members. The purpose was to further develop relationships with Business School leaders and explore opportunities for internships, mentoring and permanent positions for local university finance and accounting students. Excellent support was received from Halliburton who are sponsoring this event for three years. The Busi-ness School Deans continue to consider involvement with the FEI to be a major positive influence on their programs and students. Thanks to all who attended and worked hard to make the event such a success.

University, FEI and Halliburton representatives enjoying the Academic Deans’ Luncheon

FEI Houston Chapter Newsletter / January Issue, 2014 Page 5

FEI Key Club In the December 2013 Financial Executive Magazine, FEI National President and CEO, Marie N. Hollein, CIP welcomed and congratulated 2013 newest members to FEI’s esteemed Key Club. Membership recognizes longstanding mem-bers with fifty, forty and twenty-five years of service and invaluable contributions to FEI. Houston Chapter members are:

40-Year AcknowledgementRobert M. Baumgartner, Retired M & A AdvisorMark Z. Miller, Exxon Mobil-Retired

25-Year AcknowledgementRobert W. Hampton, CPA, Oil States International, Inc.Gene P. Jones, CPA, Burleson LLPMarcus Jonesi, CPABen L. Roberts, CPA, DBC ConsultingAustin P. Young III, CPA, 100 Pine, LLC

FEI Houston Chapter Newsletter / January Issue, 2014 Page 6

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Meeting Fax/Mail Reservation Form

January 21st meeting information2013-2014 Strategic Partners

LoCATioN:

Houston Country Club1 Potomac DriveHouston, TX 77057

AGENDA:

Professional Development Session (4:30pm)Social hour (5:30pm)Dinner (6:30pm)

PLATINuM MEETING SPONSORS Norton Rose Fulbright Hein + Associates LLP The Rand Group LLC Oracle Resources Global Professionals Robert Half Sirius Solutions UHY LLP, Certified Public Accountants

EMERALD GOLF SPONSOR Bank of America

GOLD MEETING SPONSORS Deloitte Enterprise Fleet Management Host Analytics SRR HSBC Wells Fargo Whitley Penn Wortham Insurance & Risk Mgmt

Secure your FEi Sponsorship today!Contact: Rebecca McCulloch rebecca.mcculloch@us.hsbc.com or Joe Abell jma0711@gmail.com or Maurice Nassar mgnassar@sbcglobal.net

GOLD GOLF SPONSORS Experis Finance

GOLD SOCIAL EVENT SPONSOR USI

ACADEMIC HONORS DAY Aventine Hill ExxonMobil Halliburton Hein + Associates LLP KBR Mutual of Omaha Bank RR Donnelly

PLATINuM GOLF SPONSOR Alvarez and Marsal

EMERALD SOCIAL EVENT SPONSOR Siegfried Group, LLP

PLATINuM SOCIAL EVENT SPONSOR IFS North America

DIRECTORY SPONSOR RR Donnelly

PLATINuM MEMBERSHIP EVENTS SPONSOR KPMG

Mail to: P.O. Box 32, Houston, TX 77402 or Fax to: 713.839.1453 One form per registrant please, photocopy as necessary. Reservations Required by 3:00 pm 2 business days before the meeting. Reservations may be canceled without cost as late as noon the day before the meeting. “No-shows” will be billed $90.

Meeting Cost: No charge for Chapter Members and 1st time prospective members. Guests -$90/person (guests & prospective members must be accompanied by member)

Register online at http://www.feihouston.org

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Organization

Street Address City / State / Zip

Phone Fax E-mail

Please select one: Chapter member 1st time prospective member

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