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Velocity Global Announces Frank Calderoni as Chief Executive Officer

Velocity Global

Velocity Global, the leading provider of global talent solutions, today announced the appointment of prominent software executive Frank Calderoni as its new Chief Executive Officer. Founder and former CEO, Ben Wright, will remain in his role as Board Chairman. Calderoni joins Velocity Global with extensive leadership experience in the technology industry, having led companies through numerous stages of scale and growth. Most recently, he was the Chairman and CEO of Anaplan, where he brought customer-focused agility, operational efficiency, and a culture-first approach to transform the business and drive meaningful impact for both customers and the industry at large. Over the course of his tenure, Calderoni took the company from a $1B valuation to IPO before the company’s transaction to Thoma Bravo for nearly $11B. Prior to Anaplan, he was the EVP and CFO of Red Hat and an EVP and CFO at Cisco. With Calderoni as the new CEO, Velocity Global will be well-positioned to have a market-leading impact on the industry as the demand to hire talent globally and compliantly accelerates. “When I started Velocity Global, I knew the world needed a better way to employ people globally. Nine years later, not only is that need still there, it’s more complex than ever,” said Ben Wright, Founder and Board Chairman, Velocity Global. “Today’s organizations need one platform to compliantly and consistently source and manage their workforce and I firmly believe that we are well-positioned to lead through this period of demand acceleration. The timing for a leader like Frank Calderoni - who I know will take us to the next level - couldn’t be better. I’m thrilled to transition the CEO responsibilities to Frank as I continue to support our broader vision as Chairman of the Board.” As CEO, Calderoni will work to scale and operationalize Velocity Global’s mission to accelerate and shape the future of work. The company recently announced that it has crossed the $200M ARR threshold, exceeding more than 40% organic growth YoY, revealing its growth and promising trajectory in the tech world as the desire for remote work continues to grow. “Velocity Global has built one of the most respectable EoR platforms in the industry, and they are at the forefront of shaping the future of work. I am honored to join the company at such a critical point as there is a tremendous opportunity ahead for us,” said Frank Calderoni, CEO of Velocity Global. “My career has been built on helping companies grow, scale, and transform through smart, compliant, innovative platforms that customers can rely on. I look forward to working with all the teams at Velocity Global to further establish ourselves as the leader in this industry.” For more information, visit www.velocityglobal.com. About Velocity Global Velocity Global helps you compliantly hire, pay, and manage anyone, anywhere. We simplify the employer and talent experience—combining cloud-based technology and unmatched human support in 185+ countries. Start hiring across borders at VelocityGlobal.com. Contact Details Media Contact press@velocityglobal.com Company Website https://velocityglobal.com/

April 12, 2023 07:00 AM Mountain Daylight Time

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DonorsTrust Givers Recommended $242 Million in Grants During 2022

Donors Trust

The DonorsTrust community of givers in 2022 recommended $242 million to more than 1,100 unique charities nationwide, supporting nonprofits during a year of economic uncertainty as inflation continued apace and the Federal Reserve tightened its monetary policy. “The fact our accountholders granted more dollars than ever before is a reflection of our givers’ deep-seated belief in our mission and in the power of philanthropy—not government—to change people’s lives in a meaningful way,” says DonorsTrust CEO and President Lawson Bader. The total grants to charities during 2022—$242 million—is a whopping 21% increase over the previous year, when DonorsTrust accountholders recommended granting $190 million to charity. The $190 million granted in 2021 was a 3% increase over 2020 when donors recommended $186 million. When compared to pre-pandemic grant levels, these numbers are even more significant. DonorsTrust accountholders in 2019 recommended a total of $163 million, a 33% increase compared to 2022. “Our donor-advisors’ record grant-making in 2022 is indicative of our ongoing growth as charitable givers continue to break ranks with the big banks and seek refuge with mission-driven giving-account providers that honor and share account-holders’ conservative and libertarian values.” DonorsTrust welcomed many new accounts last year and, of those accounts, 13% migrated from a big commercial bank to DonorsTrust in a bid to align their giving. This continued the trend of givers aligning their philanthropy with a giving-account provider that honors their values. Total Grant-Making in 2022 Nearly Eclipses Total Account Contributions Another remarkable thing about 2022 is that total grant-making nearly eclipsed total account contributions. DonorsTrust account-holders in 2022 contributed $299 million to their respective accounts. Compare that to the $242 million that went out the door. What’s more, all of that giving happened during a year in which the International Monetary Fund forecast half as much economic growth compared to the previous year and the annual inflation rate nearly doubled over the previous year, a hard reality that prompted one copywriter at The Economist to pen a headline that reads “ 2022 has been a year of brutal inflation.” These numbers sent an important message to DonorsTrust givers: Give even more—and that’s exactly what account-holders did, deploying much-needed dollars out of nimble giving accounts filled with charitable reserves intended for critical charities during times of crisis. DonorsTrust Givers Respond to Higher-Ed, ESG Crises During a year in which America’s top 50 donors gave a staggering amount of money to higher education, DonorsTrust givers likewise granted a considerable amount to universities, including Catholic University of America and George Mason University Foundation. DonorsTrust account-holders also directed a hefty amount of money to public-policy organizations like Consumers’ Research, an organization actively tracking anti-ESG legislation nationwide and putting corporations on notice for their liberal-leaning environmental agendas. After the Wall Street Journal reported last year that investment firm BlackRock was gobbling up real estate on behalf of public-pension funds and others (all the while pricing individuals and families out of the real-estate market), Consumers’ Research came out swinging. “It’s not so much that people are clamoring for Larry Fink and BlackRock to solve all the problems of the world; it’s that Larry would like to be in charge and he uses the immense amount of capital provided to him... to basically dictate terms to the rest of the American economy,” Will Hild, executive director of Consumers’ Research, says in an episode of Giving Ventures. Established in 1999 as a 501(c)(3) public charity, DonorsTrust is a community of donors devoted to creating a better future. Its donors support charities they believe protect our nation’s constitutional liberties and strengthen civil society through private institutions rather than government programs. Its boutique size lets it offer our donors personal attention and advice that helps them achieve their philanthropic goals. It ensures donor intentions are protected and offers simple, effective, and tax-advantaged ways to give. Since its inception, DonorsTrust has granted more than $2.5 billion to thousands of charities that protect our constitutional liberties and strengthen civil society without government funding. ### To learn more about DAFs and DonorsTrust, please visit http://www.donorstrust.org and listen to the Giving Ventures Podcast here https://www.donorstrust.org/podcast/. To schedule an interview with a DonorsTrust spokesperson, contact Carolyn Bolton at 703-535-3563 or cbolton@donorstrust.org. Contact Details DonorsTrust Carolyn Bolton +1 703-535-3563 cbolton@donorstrust.org Company Website https://www.donorstrust.org/

April 11, 2023 09:00 AM Eastern Daylight Time

Shareholders of Bank of America, Citigroup, Goldman Sachs, Wells Fargo Asked to Oppose ‘Net Zero’ Proposals

National Legal & Policy Center

Ahead of the annual meetings for four major banks during the last week of this month, National Legal and Policy Center is asking its fellow shareholders to oppose 10 proposals on proxy statements brought forth by activist groups who seek to destroy the fossil fuel industry. The proposals, in similar form and wording, demand that Bank of America, Citigroup, Goldman Sachs, and Wells Fargo align their “climate transition” and “fossil fuel lending” policies with their futile and economy-killing “net-zero” emissions goals. NLPC filed exempt solicitation reports with the Securities and Exchange Commission earlier this month, which oppose the radical shareholder proposals at each of the banks. The reports can be found at the following links: Bank of America, Citigroup, Goldman Sachs, and Wells Fargo. In their attempt to make their cases to defund the oil and gas sectors, the activist proponents have unleashed a torrent of unrealistic forecasts infected by insufficient data and deeply flawed science, all issued by a cabal of dubious “authorities.” As NLPC explains in its report on Bank of America: The proponents rely on corporate media-driven narratives which portend extreme climate catastrophe, that is inconsistent with sound scientific principles and are unlikely. Therefore, above and beyond the Company’s flawed rationale for opposing the three proposals, the urgent climate mitigation strategies demanded by the proponents are unjustified. Instead, we ask shareholders to consider the dubious “risks” of climate change versus the actual global economic and health risks of energy shortages caused by the activists’ war against fossil fuels, and versus the unviable, unrealistic near-term transition to renewable energy. In each of its reports on the four banks, NLPC points out the flaws in the activists’ proposals regarding: “Research” that isn’t really research, but is instead the product of the politicized United Nations, so-called “Net Zero” alliances, and the ineffective and non-binding Paris Climate Agreement; “Research” that is distorted by, for example, the discredited “hockey stick” chart that was removed from UN IPCC reports for years until it magically reappeared in its Sixth Assessment Report (AR6); Exaggerated emphasis on unrealistic, worst-case scenario outcomes that are embraced by sensationalist corporate media organizations; Absurd expectations placed upon nonviable renewable power sources that cannot be expected to replace fossil fuels to meet ever-increasing energy demand; Ignored environmental and humanitarian impacts due to the emphasis on renewables, such as their need for massive metals extractions, land use and destruction, and dependence on slave labor. Among the demands by the climate activist shareholders are for the banks to implement a “time-bound phase-out of…lending and underwriting to projects and companies engaging in new fossil fuel exploration and development.” Regrettably, rather than stand up to the climate activist bullies, the banks’ responses to their proposals state that they are addressing Net Zero and emissions goals, and thus the proposals are unnecessary. “These and other big banks have cowered in fear for decades before the propagandists who have brought climate alarm to every shareholder meeting the last couple of decades,” said Paul Chesser, director of the Corporate Integrity Project for NLPC. “It’s time for these boards of directors and C-suite occupants to grow a spine, gain an understanding of the actual science as informed by real, observed data, and perhaps take a remedial course in Energy Physics 101.” Founded in 1991, NLPC promotes ethics in public life and government accountability through research, investigation, education, and legal action. ### For more information or to schedule an interview with Paul Chesser, contact Dan Rene at 202-329-8357 or drene@nlpc.org. Please visit http://www.nlpc.org. Contact Details National Legal and Policy Center Dan Rene +1 202-329-8357 drene@nlpc.org Company Website http://www.nlpc.org

April 11, 2023 09:00 AM Eastern Daylight Time

Alana and Ramon Alvarez Grow Minuteman Press Franchise in Colorado Springs

Minuteman Press International Inc

Alana and Ramon Alvarez have owned their Minuteman Press franchise in Colorado Springs since August of 2019. Minuteman Press in Colorado Springs has been operating for 15 years since 2008 and is located at 6870 N. Academy Blvd., Colorado Springs, CO, 80918. After taking over the business nearly 4 years ago, Alana and Ramon have consistently grown their business and increased sales “by nearly 400% since we started,” according to Ramon. Journey to Minuteman Press Alana and Ramon “met at work 31 years ago” and the rest is history, according to Ramon. He shares, “Alana is my forever partner. After leaving the company, we lived throughout the West Coast and South America throughout our time together. I continued to work in the corporate world and Alana managed our household and led the raising of our children.” In 2019, it was time for a change. Ramon says, “Fast forward to August 5, 2019. That is when we began our small business journey, owning our Minuteman Press center in Colorado Springs. Minuteman Press International RVP Jack Panzer was instrumental in helping us acquire this existing location, which has been doing business in Colorado Springs since 2008. Jack helped us throughout the purchasing and on-boarding process, just as he does now in supporting us to grow along with excellent field support talent like Todd Golberg at the time (who is now RVP in New England), and now Sky Hittle.” Operating the Business & Ongoing Support Nearly 4 years after purchasing the business, Ramon remains excited about working with Alana, sharing: “Today, Alana and I continue commuting to our business together, excited to spend quality time with each other while creating outstanding experiences for our clients, just as we did 31 years ago when we first met. We are fortunate to be serving many clients in the Pikes Peak Region, having grown our sales by nearly 400% since we started.” Specifically, Ramon says, “Our small business has evolved into a one-stop shop for our clients, providing design, print, promotional items, direct mail, and more! We are now providing vehicle and window graphics, along with building sign replacements. We won’t stop there, ensuring we continue to listen to our clients, and treating each of them like a VIP. In spite of the digital transformation that marketing has experienced, print is everywhere, and continues to be leveraged by businesses launching or striving for growth. Print simply looks different today, with a critical role in creating an omnichannel experience for clients, like adding QR codes to drive the client’s audience to a website, scheduling form, or otherwise.” As he reflects on what it’s been like to transition from the corporate world to small business owner, Ramon says, “Having led large teams with large budgets in the Americas, I felt that being a small business owner would be relatively easy. It’s actually the hardest role I’ve ever had, yet it’s the most rewarding by far.” Ramon explains how the support he’s received as a Minuteman Press franchise owner has helped him along the way: “Minuteman Press has been supporting us in many ways, setting us up for success. In my career, I was previously an operations executive and so I wanted a proven brand, a proven system, and a proven structure to allow us to succeed as small business owners. Minuteman Press International has given us all of that.” He continues, “The Minuteman Press FLEX software, which allows us to connect with our clients for quoting, invoicing, work orders, marketing, and more, has been invaluable. The support team is also outstanding in urgently reacting to our needs, as they have extensive experience and an aptitude to serve.” Marketing & Being Active in the Community When it comes to marketing the business, Ramon shares, “No silver bullet exists in marketing our small business, and Minuteman Press has supported owners successfully who may not be experts in the industry. We focus on providing outstanding experiences for our clients through our high-performing team, delivering quality, speed, and reliability. Every customer is a VIP. We leverage direct mail, use digital marketing, networking, and other marketing opportunities, just like businesses in all industries do, focusing heavily on our target audiences and key clients.” Being active in the community is also key to Alana and Ramon’s local outreach efforts. Ramon says, “We also engage with our community, advocating for local business growth through various volunteer efforts. I serve as the current Chair of the Board of Directors for the Colorado Springs Chamber and EDC, on the Board of Directors for the Southern Colorado Better Business Bureau, on the Board of Directors of the Colorado Springs Hispanic Chamber of Commerce, Consult for the Pikes Peak Region Small Business Development Center, and help drive economic development in our region for our local businesses any way I can.” Ramon concludes, “By helping our community of businesses prosper, opportunities for prosperity are available for all.” Minuteman Press in Colorado Springs is located at 6870 N. Academy Blvd., Colorado Springs, CO, 80918. For more information, visit their website: https://minuteman.com/us/locations/co/colorado-springs20/ Learn more about #1 rated Minuteman Press franchise opportunities and read Minuteman Press franchise reviews at https://minutemanpressfranchise.com. Contact Details Minuteman Press International Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

April 10, 2023 10:00 AM Eastern Daylight Time

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News Release

Fitness Guru Sarah Bowmar’s Change.Org Petition to Protect Schools from Gun Violence Shows How Strong Our Voices Can Be

Bowmar

As the nation continues to reel from the mass shooting at the Covenant School in Nashville this week, the debate over how to protect our children is at the forefront again. Sarah Bowmar, fitness guru, entrepreneur, and mom of two, has had enough and is using the strength of her voice to demand action through her Change.org petition, which is quickly becoming one of the top signed on the platform. Bowmar’s Armed Veterans to Protect Schools petition on Change.org seeks to have armed vets, police officers, and parents inside all schools. She states, “We need change in this country. We have a mental health crisis. It's too easy to access weapons. And criminals don't follow laws. We need to protect our children, schools, and teachers. Why are our children left unprotected in such a vulnerable state, but banks, airports, and even the Apple store are better protected than most schools? If we can send billions to Ukraine, why can't we afford to arm and protect our schools?” Bowmar is known for taking action on things she’s passionate about, specifically fitness, health, and making the world a better place for her children. It’s why she became a certified nutrition specialist, personal trainer, prenatal/postpartum trainer, and co-founded multiple fitness and nutrition-based companies with her husband, Josh. She also knows the power of using your voice. As a social media influencer with successful YouTube channels in fitness and bowhunting and a combined social media following of 3 million, Bowmar connects with women worldwide, sharing tips and advice on living healthier lives. She’s now using that determination and influence in her fight to protect children from gun violence at school using Change.org, which has been cited by The Washington Post as “one of the most influential channels for activism in the country.” In fact, Change.org claims 87,011 victories in 196 countries based on petitions, and Bowmar’s is off to an impressive start. At the time of this news release, nearly 15,500 people have signed the petition, and that number is increasing by the minute. Once the petition reaches 15,000 signatures, it becomes one of the top signed on Change.org. For more information or to pledge your support for Bowmar’s petition, visit Armed Veterans to Protect Schools. About Sarah Bowmar Sarah Bowmar has an MBA in marketing and is a certified nutrition specialist, personal trainer, prenatal/postpartum trainer, social media influencer, podcast host, author, and bowhunter. She and her husband Josh have founded multiple fitness and nutrition-related businesses, including Bowmar Fitness and clean nutrition-focused companies, Bowmar Nutrition and APEX Protein Snacks. In addition, the Bowmars are avid bowhunters, going on hunting expeditions worldwide together. They also document their healthy eating and workout tips on their Bowmar Fitness YouTube channel as well as bowhunting tips on their Bowmar Bowhunting channel. Sarah Bowmar is also active in multiple charities benefiting children, and she and her husband even started their own non-profit, Kids in the Outdoors, which helps inner-city children to experience the benefits of the outdoors. Contact Details R Public Relations Madison Baber madison@rprfirm.com Company Website https://sarahbowmar.com/

April 07, 2023 04:26 PM Eastern Daylight Time

The Midtown Group Recognized by Washington Business Journal Among Best Places to Work in Greater Washington in 2023

The Midtown Group

The Washington Business Journal's 2023 Best Places to Work Awards has recognized The Midtown Group as an honoree, amongst 75 of the top employers from the Greater Washington area. The awards program is set to be held on May 11, 2023, at the Hilton McLean Tysons Corner. "We are extremely proud and honored to be recognized as one of the 2023 Best Places to Work in the Greater Washington area," said Helen Stefan Moreau, President and CEO of The Midtown Group. “‘Love What You Do’ is not just our motto, but also the driving force behind our team's hard work, dedication, and commitment to excellence. This recognition is a testament to their passion and enthusiasm towards their work, and we are grateful for their contributions to our organization's success." To be recognized as an honoree, businesses that were nominated needed to meet specific location and size criteria and take part in employee engagement surveys that were distributed by Quantum Workplace. The survey results were scored out of 100 percent and then ranked accordingly. The ratings were determined based on various factors such as collaboration, HR practices, compensation, management, office culture, and other relevant aspects. The Midtown Group was recognized for living its mission to connect people to life-changing career opportunities, and workplaces to remarkable, reliable talent. Midtown’s culture is defined by working hard and giving back. About The Midtown Group The Midtown Group (Midtown) is a WBENC-certified, woman-owned business that provides temporary staffing and professional services across 35 states. Over the past 33 years, Midtown has evolved from a staffing firm to an organization capable of providing full-service solutions. We make a tireless effort to meet and exceed the requirements of our clients and candidates in an ever-changing market. Currently, we manage more than 1,500 candidates and more than 140 clients across the nation. We’re recognized as one of the best staffing firms in D.C., as a perennial winner of the “Best Place to Work” award by Washingtonian, The Washington Business Journal, and Inc. Magazine. About 2023 Best Places to Work Best Places to Work is an innovative publication and awards program produced by the Washington Business Journal. The rankings were determined by surveys that went directly to employees who answered a series of questions. The survey was administered online by the employers and through a service provided by Quantum Workplace, our research partner. The rankings are numeric based on Quantum’s scoring process. By ranking companies and sharing best practices we facilitate idea-sharing and help other companies learn from the best. Contact Details On behalf of The Midtown Group Colleen Gallagher, OnWrd & UpWrd +1 315-447-2331 cgallagher@onwrdupwrd.com Company Website https://themidtowngroup.com/

April 07, 2023 09:01 AM Eastern Daylight Time

Study: Are Digital Content Creators Corporate America’s New Superpower?

MBO Partners

A new study from MBO Partners® reveals that corporate America may be overlooking a growing and significant source of hidden internal talent: digital content creators. According to MBO Partners’ 2023 Creator Economy report, part of its State of Independence research series, independent digital content creators are among the fastest growing self-employment work segment infiltrating the traditional workforce. The study found that almost six out of ten (57%) have content side gigs, along with traditional jobs. However, a stunning 41% said they definitely (15%) or probably (26%) will leave their traditional job and start a business full time in the next 24 months. The MBO Partners study also found that 8.1 million U.S. independent creators earned money in the creator economy in 2022, a 14% increase since 2021. “The creator economy is huge and growing in steadfastness day by day – with a rising majority working in stealth mode in large and mid-sized companies,” said Miles Everson, CEO of MBO Partners. “In fact, enterprises may be sitting on a gold mine of untapped talent and not even know it. These employees are not only highly creative and fast-moving, but they are entrepreneurial and extremely tech savvy. They have the potential to be an enterprise’s ultimate ally. But to win, employers need to first put out the welcome mat and show independents that they value modern ways of working and specialized skill sets. Next, they need to recreate their workforce models where independents are a critical component of their total talent strategy and teams.” This year’s study showed six key insights about the independent creator workforce, including: Owned media offers WOO (window of opportunity) to make more money. MBO’s data shows that while 73,000 US independent creators (the 1%) report annual income over $1 million, most creators report modest earnings, with the majority (44%) earning $10,000 or less last year as a creator. However, as companies shift their marketing strategies to focus on owned media as more affordable alternatives to paid advertising this year, there will be plenty of lucrative opportunities for creators to make extra money. There’s no “I” in team. About half of all independent creators (48%) report teaming up with other content creators on projects, versus only 23% of independent workers who aren't content creators. Looking forward, 68% of content creators plan to partner with other independent workers over the next year. That means that for companies, you are no longer just hiring a creator, you’ll be hiring a larger set of skills. Black creators are building their entrepreneurial footprint. The study revealed that in terms of ethnic and racial groups, Black Americans are more robustly represented in the creator economy (18%) compared with their U.S. population share overall (13%). As companies look to create more inclusive workplaces, there is an emerging pipeline of black entrepreneurial creative talent that exists. Make no mistake, creators will quickly adapt to ChatGPT. Eighty-seven of creators report being early adopters of technology, so this is an early indication that they are already learning how to embrace the opportunity of ChatGPT. This compares to only 34% of traditional employees and 37% of independent workers as early technology adopters. By tapping into creators, companies can leverage emerging trends and quickly respond to market demands. Digital nomadism is the new manifesto for mental health. While traditional workers are quiet quitting and hush tripping, take a page from the creators whose job burnout and mental health issues have been widely documented. Over eight in ten independent creators (84%) prefer a location-independent lifestyle that allows them to work and travel at the same time. So, it comes as no surprise that almost two-thirds (63%) report they are currently a digital nomad and over 90% report feeling highly satisfied (83%) or satisfied (9%) with their work. At last, a new era of creative renegades has arrived. While only 1 in 10 creators makes more than $100,000 per year, 83% plan to continue as an independent creator (57%) or build a bigger creator business (26%) over the next 2-3 years. Seventy-nine percent report being optimistic about the future. To obtain a copy of the 2023 MBO Partners Creator Economy research report, please visit https://www.mbopartners.com/state-of-independence/creator-economy-report/. About MBO Partners® MBO Partners is a direct sourcing platform that enables enterprises and independents to work efficiently together. Its unmatched experience and industry leadership enable it to operate on the forefront of the independent economy and consistently advance the next way of working. For more information, visit mbopartners.com. About MBO Partners® MBO Partners is a direct sourcing platform that enables enterprises and independents to work efficiently together. Its unmatched experience and industry leadership enable it to operate on the forefront of the independent economy and consistently advance the next way of working. For more information, visit mbopartners.com Contact Details Words For Hire for MBO Partners Karen Swim +1 586-461-2103 karen@wordsforhirellc.com Company Website https://mbopartners.com

April 05, 2023 09:00 AM Eastern Daylight Time

NCMA's Announces New Members to their National Committee

National Contract Management Association

The National Contract Management Association, the leading association dedicated to the advancement and expansion of the contract management profession, announced today the appointment of its new National Committee Members. The new members bring a wealth of experience and expertise in contract management which will further strengthen the association’s strategic direction and growth. "We are thrilled to welcome our new National Committee Members," said NCMA's incoming President, Denyce Carter. "Their extensive experience and diverse backgrounds will be invaluable to our community’s growth and success. We look forward to working closely with them to achieve our goals and provide the best possible education to our community." The National Committee members are seasoned professionals with impressive track records in their respective fields, and all graduates of the Contact Management Leadership Development Program (CMLDP). NCMA welcomes: Audra Charity, Sr. Contracts Administrator, Ball Aerospace & Technologies Corporation, Chapter: Rio Grande Jami Dinsmore, CPCM, Fellow, Sr. Manager Contract Operations, Policy, Training, and Audit at Ball Aerospace & Technologies Corporation, Chapter: Denver Sheralyn Fallon, CFCM, CPCM, Fellow, Sr. Manager of Subcontracts, Massachusetts Institute of Technology Lincoln Laboratory, Chapter: Boston Kerry Hall, Contract Manager, Leidos, Inc., Chapter: North Carolina Kameke Mitchell, Chief of Contracts for the Space Systems Command, Commercial Services Office, Chapter: Tysons Amanda Thompson, CFCM, Fellow, VP of Growth Services at JJR Solutions, Chapter: Dayton National Committees Members can make a lasting impact on NCMA. The Committees are made up of five groups including audit and risk, governance and ethics, member engagement, professional development and certification, and strategic planning. All who have served have played an instrumental role in helping to shape the associations’ strategy and direction. The National Contract Management Association (NCMA), a nonprofit organization founded in 1959 and is the world’s leading association in the field of contract management. With nearly 20,000 members, NCMA is dedicated to promoting excellence in the contract management profession through education, certification, and professional networking opportunities. NCMA strives to serve and inform the profession and industry it represents and to offer opportunities for the open exchange of ideas in neutral forums. To find out more, please visit www.ncmahq.org. Contact Details NCMA Holly DeHesa +1 281-865-3296 holly.dehesa@ncmahq.org Company Website https://www.ncmahq.org/

April 05, 2023 05:00 AM Eastern Daylight Time

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Court Upholds Fraudulent Conveyance Claims against Bausch Health, Including Right to Enjoin Dividend of Bausch + Lomb Shares

Rolnick Kramer Sadighi LLP (RKS)

Rolnick Kramer Sadighi LLP (“RKS”) today secured a major victory in New Jersey Superior Court in its lawsuit challenging the corporate spin-off of Bausch + Lomb Corporation (“Bausch + Lomb”) from Bausch Health Companies Inc., formerly known as Valeant Pharmaceuticals International, Inc. (“Bausch Health”). In March 2022, a group of investors including GMO Trust, Brahman Capital, SunAmerica Asset Management, MSD Partners, and Discovery Capital Management, filed suit to have the spin-off of Bausch + Lomb from Bausch Health declared a fraudulent conveyance. The Honorable Margaret Goodzeit, P.J.Ch., largely denied Bausch Health’s motion to dismiss the lawsuit and ruled that RKS’s clients — aggrieved investors pursuing more than $3 billion in federal court against Bausch Health for securities fraud — had stated a valid legal claim that the spin-off constitutes a fraudulent transfer under New Jersey law. In addition to finding that the plaintiffs had adequately alleged that the May 2022 spin-off of Bausch + Lomb constituted an actual fraudulent conveyance reflecting several “badges of fraud,” the Court also upheld the plaintiffs’ right to enjoin Bausch Health’s proposed dividend of the Bausch + Lomb shares. Page 34 of the Court’s decision states: “A final judgment enjoining the Dividend Distribution could be appropriate because it would preserve the status quo between the parties until the District Court provides a final determination on the merits as to the plaintiffs’ securities fraud actions.” “This ruling demonstrates that Courts are willing to protect tort victims against corporate transactions in which assets are transferred to create one strong company and one weak company,” said Lawrence M. Rolnick, Partner at RKS who represents the plaintiffs. “I am pleased that the Court upheld our clients’ right to challenge the transfer of assets to Bausch + Lomb as a fraudulent conveyance and further recognized our right to enjoin the dividend distribution...” The Court also granted plaintiffs the right to replead certain additional legal theories against the dividend that the Court dismissed as premature because the Court found that defendants currently are under no obligation to proceed with it. Following Judge Goodzeit’s decision, RKS will pursue the investors’ suit and ensure that Bausch Health cannot improperly thwart its judgment creditors. The case is captioned, GMO Trust, et al. v. Bausch Health Companies Inc., No. SOM-C-12010-22, and will go forward in the Superior Court of New Jersey, Chancery Division, Somerset County. A copy of the Court’s decision can be provided upon request to the undersigned media contact. About RKS: Rolnick Kramer Sadighi, LLP (RKS) provides strategic litigation solutions for the investment management community. Launched in 2020, RKS is a premier securities litigation boutique dedicated to serving the investment management industry, including hedge funds, mutual funds, private equity, credit, real estate, and structured finance firms. For more information, visit RKS online: https://www.rksllp.com/. Contact Details Kivvit Arielle Goren +1 212-717-5863 agoren@kivvit.com Company Website https://www.rksllp.com/

April 04, 2023 11:15 AM Eastern Daylight Time

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