Anthony J. Gumbiner, Hallwood CEO & Chairman

Anthony Gumbiner
http://www.hallwood.com

May 2015

Anthony Gumbiner, an Investment Banker and a Solicitor of the Supreme Court of Judicature of England, serves as Founder and Chairman of Hallwood, a Monaco and Dallas based family office that has for many years specialized in investing in and providing “rescue financing” to diversified U.S. and U.K. companies.

Over the last 37 years, Mr. Gumbiner has served as Chairman and Chief Executive of companies on the London Stock Exchange, The New York Stock Exchange, The American Stock Exchange and NASDAQ.

Mr. Gumbiner currently serves as Chairman and Chief Executive Officer of various Hallwood companies, as a Director of BlueCrest Energy Inc, and Damille Investments Limited, a Guernsey closed ended investment company listed on the specialist fund market of the LSE.

He has previously served as Chairman and Chief Executive of publicly held New Fulcrum Investment Trust PLC, an Investment Trust listed on The Stock Exchange, London and Chairman of The Local Radio Company PLC listed on The Stock Exchange, London and as a Director of the International Advisory Board of Southern Methodist University of Dallas.

“Hallwood” is registered as a trademark with the United States Patent and Trademark Office for financial services in the field of oil and gas, energy and real estate.

Current Investments

Hallwood currently has investments in oil and gas, protective building systems for the oil and gas industry, textile products for the US military, real estate investment and development and marketable securities and debt instruments.

Oil and Gas Investments

Hallwood is known in the industry as an innovator and pioneer in the exploration and production of unconventional shale oil and gas contained in onshore fields. Since 1984, it has successfully drilled hundreds of conventional and non-conventional wells and has developed horizontal well drilling technique and creative hydraulic fracturing technology. Over the years we have operated approximately 1,200 oil and gas properties in eleven states and have long history of acquiring, owning, operating and selling oil and gas projects.

In August 2012, Hallwood affiliate BlueCrest Energy Inc. acquired Proved + Probable reserves in the Cook Inlet of Alaska and in 2013; the Cosmopolitan State #1 well was completed.

Personal Information

Mr. Gumbiner was born in England in 1945. He is a resident of Monaco and is married with three children, all of whom now live in the US.

After attending an English Grammar School, at age 16 he opted to serve five years as an articled clerk to an English Firm of Solicitors. At that time in England this was an alternative route to becoming a Solicitor in lieu of further education at a university. He obtained First Class Honors in the English Law Society’s Intermediate Examination and after attending the College of Law in Guildford England qualified as a Solicitor in 1968 with distinctions in Company Law and Partnership.

After passing the Law Society Final Examinations but before he was admitted to practice law he spent a year working at Smith Kline Beecham, one of the UK’s leading marketing companies that offered a business training program.

After admission as a lawyer he was employed as an assistant solicitor with a London firm in 1968 and commenced to practice law for his own account as Gumbiner & Co in 1970. The law firm prospered and additional partners joined the firm which specialized in commercial law and corporate litigation.

Major Accomplishments

In 1978 Mr. Gumbiner retired from the practice of law to concentrate on developing Hallwood into a financial services company specializing in Corporate Rescue Financing.

Corporate rescue financing involved first using sophisticated research techniques to locate financially distressed, publicly owned corporations, then assisting selected companies with customized restructuring plans before they enter into bankruptcy.

Such plans normally call for negotiations between Hallwood and the client’s creditors to retire burdensome debt for cash at a deep discount and financing this debt retirement by issuing to the client companies shareholders rights to purchase new shares in the restructured company.

To guarantee payments to creditors Hallwood underwrote the rights offering and sub underwrote all or part of the investment to an international network of institutional investors. Typically, the fee for this service was paid with a controlling shareholding in the client company

Mr. Gumbiner’s first restructuring using an underwritten deep discount stockholder rights offering was Bank and Commercial Holdings Limited, a public company listed on the London Stock Exchange.

Mr. Gumbiner successfully refinanced the company and became Chairman and CEO of his first public company in 1978.

In 1979 Mr. Gumbiner took his rights offering technique to the US where it was previously little known or understood and thereafter successfully rescued inter alia First Pennsylvania Mortgage Trust, The UMET Trust, (the Union Bank of California Real Estate Investment Trust), the bankrupt Chase Manhattan Realty Trust and Institutional Investors Trust in New York.

His highest profile restructuring, sold in 1996, was probably Chuck-E-Cheese, a national children’s entertainment restaurant chain listed on the NYSE.

Restructuring public companies before their litigation history was cleansed with a bankruptcy filing which caused Hallwood to inherit substantial litigation when it assumed control of its restructured client companies.

In 1992, litigation concerns caused Hallwood to exit the restructuring industry and Mr. Gumbiner recreated the company as a family office and an investment company operating in oil and gas, real estate and textile operations.