"Stay Private or Take Our A&D Company Public?" OC Chapter Mtg
Thursday, November 7, 2013 from 7:30 AM to 9:00 AM (PST)
Costa Mesa, CA
San Francisco, California
London, United Kingdom
Take Our A&D Company Public"
John C. Carson
President & CEO
Managing Director, Equity Capital Markets
Dorsey & Whitney
Dorsey & Whitney
John Carson will discuss his experiences with a private defense company that became public and then once again went private, focusing on the specific pros and cons to each from the defense perspective. He will also focus on impacts on U.S. government contracting and obtaining key funding.
Brit Stephens and Jason Wisneiwski will take the lead in discussing:
- The qualifications for becoming a public company and the expectations potential buyers have of such companies.
- The specific legal hurdles that exist for companies considering an IPO.
- How the new "IPO On-Ramp" rules can help make the process less difficult and less expensive.
- The mechanics of how an IPO is executed, detailing everything from picking a book-runner, drafting key documents, timing, roadshow, pricing and allocation to trading.
After the initial panel presentations there will be extensive opportunity for Q&A.
John Carson is the President & CEO and a founder of Irvine Sensors Corporation. Upon graduation, Mr. Carson joined Baird Atomics, Inc. in Cambridge and Waltham, Massachusetts, where he became Project Engineer and Assistant Program Manager on a space-based infrared surveillance program. He left Baird Atomics in 1967 to form a consulting company for sensor systems design and development, with clients that included North American Aviation, Honeywell, Lockheed, Ford Aeronutronics, and Grumman. Over the years, this company evolved into Irvine Sensors Corporation.
Mr. Carson has been responsible for the design and development of space-based military and NASA sensor systems, commercial spectrometers, commercial laser printers, 3-D electronics, and various sensor and electronics systems for the military. Mr. Carson is the holder of 23 patents.
In addition to his Irvine Sensors duties, he has chaired the Industry Advisory Board for the Caltech Center for Neuromorphic Systems Engineering and has served on the Scientific Advisory Board for the Egg Factory, an incubation firm headquartered in Roanoke, Virginia.
His 20+ years of experience in the industry includes prior positions at Morgan Keegan, Wachovia Capital Markets and Raymond James. Brit has helped raise in excess of $300 billion in equity capital for a broad spectrum of clients through more than 800 transactions.
He has been active in the Securities Industry and Financial Markets Association through past membership on the Syndicate Committee and the boards of the Southern/SouthCentral and Mid Atlantic Districts. Brit holds B.A. in Economics and History from Vanderbilt University.
In the mergers and acquisitions area, a major portion of his practice involves the negotiation, structuring and financing of acquisitions and dispositions for privately held companies. In the capital markets area, he has handled public and private offerings of equity securities, representing both issuers and underwriters. In the private equity and venture capital area, he has represented both funds and issuers.
In addition to his transactional practice, he regularly advises companies on general corporate compliance and governance matters. Mr. Wisniewski's clients are primarily privately held high growth, technology, life science and manufacturing companies located in Southern California and Silicon Valley.
Larry advises clients on compliance matters related to U.S. export controls. He regularly represents clients before the Department of Commerce on matters involving the Export Administration Regulations (EAR), the Department of State on matters involving the International Traffic in Arms Regulations (ITAR) and the Department of the Treasury on matters involving the embargoes administered by the Office of Foreign Assets Control (OFAC).
Larry counsels clients on regulatory issues associated with foreign investment in the United States, including reviews by the Committee on Foreign Investment in the United States (CFIUS), foreign ownership, control and influence (FOCI) mitigation plans under the National Industrial Security Program Operating Manual (NISPOM) and export control due diligence in mergers and acquisitions. Larry also regularly drafts compliance programs regarding the U.S. Foreign Corrupt Practices Act (FCPA) and trains clients in FCPA compliance obligations.
When & Where
The Aerospace & Defense Forum
The Aerospace & Defense Forum is a global aerospace and defense leadership community of over 1000 with five chapters providing opportunities for sharing of information, current events, and analysis, mutual support and encouragement, partnering, innovation, and performance breakthroughs.