David Steichen Email & Phone Number

Greater Minneapolis-St. Paul Area

Greater Minneapolis-St. Paul Area

As the Co-Founder and Vice President of Mayday Capital Advisors, LLC, David serves clients throughout the nation and internationally. He has over 25 years of experience working with distressed companies as an employee and a consultant, including extensive experience as an executive officer of large and small companies both public and private. He has worked in the corporate renewal arena since 2008, during which time his work has twice been recognized by the Turnaround Management Association, which has awarded him both the distinguished Transaction of the Year Award in 2010 and the Turnaround of the Year Award in 2013. Whether his clients wish to enhance their current performance, are in severe operational or financial distress, or are considering bankruptcy protection, David takes a personal interest in leading his clients to solutions that are sensitive to the risks faced by all stakeholders.Specializations• Mergers, Acquisition and Capital advisory, due diligence and integration• Interim executive officer (CFO, COO, CRO etc.)• Financial restructuring and creditor negotiations• Organizational structure right-sizing and simplification • Cost and cash management techniques• Chief restructuring officer of both public and private corporations• Asset recovery and value maximization• Bankruptcy planning and execution for both debtors and creditors• Project management and executionPast Experience• Chief Financial Officer of a publically traded global technology services provider• Auditor and consultant with Deloitte for over 13 yearsAwards• Turnaround of the Year 2013, Turnaround Management Association• Transaction of the Year 2010, Turnaround Management Association

Greater Minneapolis-St. Paul Area

Created and grew the turnaround and restructuring practice for Wipfli, LLP, the 22nd largest public accounting firm in the United States.

Manchester is an investment banking, corporate renewal and management advisory services firm.

BroadSign is a market leading provider of content management software to the digital signage industry. Our product is providing under a Software as a Service (SaaS) model.

Responsible for staff of 150 covering SEC and Sarbanes Oxley reporting and compliance, internal audit, banking relationships, investor communications, risk management, FP&A, IT, shared services, taxes, and general accounting. Provided operational oversight for CEO and business unit leaders. Notable Achievements:• Orchestrated tax strategies resulting in annual saving of nearly $1 million annually.• Built shared services organization, enhancing operating efficiency, driving out significant cost and improving overall service levels. • Reduced SG&A expenditures from $120 million to $60 million in three year period of time.• Established FP&A group and significantly enhanced monthly reporting system.• Lead acquisitions, new business ventures, take-over defense strategies, financing strategies, and new client opportunities.• Lead development of compliance oriented culture achieving accelerated SOX compliance.• Built, lead and maintained highly motivated and talented accounting, finance, administrative and technology teams.• Negotiated and executed acquisitions of niche technology companies. • Performed legal, financial, and business due diligence in connection with acquisition of $265 million competitor, serving on a four member executive steering committee responsible for developing and executing a 100 day integration plan to integrate all aspects of combined organization. • Lead multiple initiatives to select and/or design, install and deploy new HR and payroll system, financial and accounting system, and FPA tools, improving process flow, effectiveness and efficiency. • Lead efforts to refinance company’s previously unsecured debt into $45 million asset based working capital line of credit, reducing risk of default and alleviating liquidity concerns. • Implemented new financial reporting tools.• Designed and lead the development of web-based travel and entertainment expense reporting system.