Jon F. Weber & Co. should be engaged as soon as practicable when a restructuring is likely to result in lenders owning a controlling interest in the debtor, preferably prior to finalizing a restructuring support agreement. A sample engagement typically includes...

Phase 1: Initial Assessment & Analysis (approximately 1 month)

• Provide industry intelligence, performance benchmarking, and preliminary management assessment
• Develop contingency planning for potential adverse events
• Findings inform pro forma capital structure, board composition, and management retention

Phase 2: Operational Planning (timing deal-dependent)

• Serve as lender representative at the company and assess talent gaps
• Evaluate operating model feasibility and new capital needs
• Offer guidance on governance framework and reach consensus on board construct

Phase 3: Pre-Restructuring (1–2 months)

• Conduct operational, commercial, and financial diligence
• Assess the management team through research with former executives and industry participants
• Identify management gaps, build a board competency matrix, and develop a value creation plan

Phase 4: Post-Restructuring (1–3 months)

• Onboard new directors, finalize compensation and equity grants, and form relevant committees
• Brief the board on diligence findings and build a roadmap tied to the value creation plan
• Make management changes if required and establish reporting cadence

Phase 5: Ongoing Monitoring (as needed)

• Conduct periodic check-ins with management, the board, and lenders
• Track progress against the value creation plan and conduct board effectiveness assessments
• Identify and address gaps in capabilities