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Questions marked with an * are required Exit Survey
 
 
* What types of workstreams are you involved in?
 
Accounting and Finance
 
Tax
 
Treasury Operations and Cash Management
 
Internal Audit and Sarbanes-Oxley Compliance
 
Financial Planning
 
Investor Relations (IR)
 
Human Resources
 
Legal and Corporate Governance
 
Organizational Capabilities and External Advisers
 
IT Controls, Process, and Governance
 
Registration Statement and SEC Clearance
 
Debt Refinancing
 
Data Room

 
 
 
* Do you have audited financial statements for historical periods?
 
Yes
 
No
 
 
 
* How many prior periods have audited financial statements?
   
 
 
 
* Select which audit firm you use. If you have used multiple in the past, select the most recent firm.
 
 
 
* Are there any issues concerning historical financial statements and potential restatements or audits?
 
Yes
 
No
 
 
 
* Has the Company or their external auditor identified any potential pre-Clearance topics that have to be addressed with the SEC regarding reporting of historical financial results in the envisioned S-1 registration statement?
 
Yes
 
No
 
 
 
* Please select item(s) that best describe identified accounting issues
 
Revenue recognition
 
Cost allocation and absorption
 
Cut-off procedures and out of period TXN
 
Capitalization policy
 
Liquidity
 
Working capital
 
Leverage
 
No issues
 
Other
 

 
 
 
* Which accounts are critical to the Company's financial statements, both for Income Statement and Balance Sheet?
   
 
 
 
* Have procedures been identified/carried out for closing such key accounts at period-end?
 
Yes
 
No
 
 
On a scale from 1-5 with 5 being the highest, to what extent is there Management discretion in evaluating those key balances (i.e. are judgmental reserves required)?
1 2 3 4 5
*  
 
 
 
* Identify the significant accounting policies relevant to the preparation of the financial statements and explain Management's rationale for the selection among alternatives, if applicable.
   
 
 
 
* Do you have a formally documented period-end close process, including supervisory review, comparison to budget and management reporting?
 
Yes
 
No
 
 
 
* Has tax structure of the public filer been determined?
 
Yes
 
No
 
 
 
* In addition to Federal Income tax provisions, what are the current taxing authorities to which the Company is subject?
 
Local
 
Municipal
 
State
 
International
 
Other
 

 
 
 
* Which additional periodic returns does the Company file and in what capacity?
 
Fiduciary
 
Other
 

 
 
 
* Are there NOLs outstanding that may be utilized as a result of future income?
 
Yes
 
No
 
 
 
* Does the Company have any DTAs (deferred tax assets)?
 
Yes
 
No
 
 
 
* Are provisions reviewed regularly for adequacy?
 
Yes
 
No
 
 
 
* Has the Company taken any aggressive tax positions?
 
Yes
 
No
 
 
 
* Does the Company have adequate reserves?
 
Yes
 
No
 
 
 
* Have note disclosures been prepared in accordance with FIN 48 (SFAS 109)?
 
Yes
 
No
 
 
 
* Is there a separate (i.e., from Controllers) Tax Director?
 
Yes
 
No
 
 
 
* Who does the Tax Director report to?
 
CEO
 
CFO
 
Justin Mettel
 
Other
 
 
 
 
* Is the Tax Director available for structuring the Company's strategy, in addition to maintaining recurring compliance responsibilities?
 
Yes
 
No
 
 
 
* Does the Company currently have a liquidity forecast?
 
Yes
 
No
 
 
 
* Does the liquidity forecast reconcile with FP&A's forecast?
 
Yes
 
No
 
 
 
* How does the Company consolidate its cash?
   
 
 
 
* If the debt is refinanced, will this impact the current cash management strategy?
 
Yes
 
No
 
 
 
* What are the reporting requirements under the current indebtedness?
 
DSCR
 
ISCR
 
LTV
 
Other
 

 
 
 
* Does the Company have liquidity risk management in place?
 
Yes
 
No
 
 
 
* What is the current FP&A headcount?
   
 
 
 
* How many direct subordinates does the head of FP&A have?
   
 
 
On a scale from 1-5 with 5 being the highest, how effective do you think the current reporting structure is?
1 2 3 4 5
*  
 
 
 
* How many additional FP&A staff do you plan to hire prior to going public?
   
 
 
 
* Does the Company have a financial model that produces an Income Statement?
 
Yes
 
No
 
 
On a scale from 1-5 with 5 being the highest, how detailed are these processes?
1 2 3 4 5
* Income Statement
 
 
 
* How far our do the Income Statement models forecast?
   
 
 
 
* Who is running this Income Statement model?
 
CFO
 
VP
 
Analyst
 
Other
 
 
 
 
* Does the Company have a financial model that produces a Balance Sheet?
 
Yes
 
No
 
 
On a scale from 1-5 with 5 being the highest, how detailed are these processes?
1 2 3 4 5
* Balance Sheet
 
 
 
* How far our do the Balance Sheet models forecast?
   
 
 
 
* Who is running this Balance Sheet model?
 
CFO
 
VP
 
Analyst
 
Other
 
 
 
 
* Does the Company have a financial model that produces a Cash Flow Statement?
 
Yes
 
No
 
 
On a scale from 1-5 with 5 being the highest, how detailed are these processes?
1 2 3 4 5
* Cash Flow
 
 
 
* How far our do the Cash Flow models forecast?
   
 
 
 
* Who is running this Cash Flow model?
 
CFO
 
VP
 
Analyst
 
Other
 
 
 
 
* Has the potential change in ownership structure been incorporated into the models?
 
Yes
 
No
 
 
On a scale from 1-5 with 5 being the highest, what is the model's ability to incorporate any potential debt refinancing?
1 2 3 4 5
*  
 
 
On a scale from 1-5 with 5 being the highest, what is the model's ability to incorporate any change in tax strategy?
1 2 3 4 5
*  
 
 
 
* Select applicable key financial metrics to market the Company?
 
ROIC
 
ROE
 
A/P
 
A/R
 
Other
 

 
 
 
* What are the key non-financial metrics to market the Company?
 
Organizational Structure
 
Culture
 
Managerial Expertise
 
Other
 

 
 
On a scale from 1-5 with 5 being the highest, how robust is the Company's current systems to support this reporting?
1 2 3 4 5
*  
 
 
 
* Is any forecasting required from FP&A under the current indebtedness?
 
Yes
 
No
 
 
 
* Is any reporting required from FP&A under the current indebtedness?
 
Yes
 
No
 
 
 
* What is the process undertaken for budgeting and forecasting?
   
 
 
 
* Does FP&A produce any reports to monitor operational performance?
 
Yes
 
No
 
 
 
* Who are the reports disseminated to?
   
 
 
 
* Do you currently have an Investors Relations function/team?
 
Yes
 
No
 
 
 
* What is the current IR team headcount?
   
 
 
On a scale from 1-5 with 5 being the highest, how effective do you think the current reporting structure is?
1 2 3 4 5
*  
 
 
 
* How many additional IR staff do you plan to hire prior to going public?
   
 
 
 
* Does the Company have plans to hire an IR head?
 
Yes
 
No
 
 
 
* Who will handle/interact with the ratings agencies pre-IPO?
 
CEO
 
CFO
 
Controller
 
Analysts
 
Other
 

 
 
 
* Has the Company defined/finalized its story to the market, analysts, and rating agencies?
 
Yes
 
No
 
 
 
* Did underwriters and outside counselors approve the story and language used?
 
Yes
 
No
 
 
 
* Does the Company plan to hire a strategic communication firm to assist in the communications for the IPO?
 
Yes
 
No
 
 
 
* Who will handle the corporate communications with the markets, analysts and rating agencies post-IPO?
 
CEO
 
CFO
 
Controller
 
HR Head
 
Other
 

 
 
 
* What is the current HR team headcount?
   
 
 
 
* How many direct subordinates does the head of HR have?
   
 
 
On a scale from 1-5 with 5 being the highest, how effective do you think the current reporting structure is?
1 2 3 4 5
*  
 
 
 
* How many additional HR staff you plan to hire prior to going public?
   
 
 
On a scale from 1-5 with 5 being the highest, how significant do you anticipate the change will be in the organization from the IPO?
1 2 3 4 5
*  
 
 
 
* Describe the significant changes you anticipate: PLACEHOLDER
   
 
 
 
* Do you plan to undertake a change management initiative?
 
Yes
 
No
 
 
 
* Do you have a dedicated change management lead?  
 
Yes
 
No
 
 
 
* Who will drive the change in the Company?
   
 
 
 
* Do you plan to roll out any new stock compensation plans post-IPO?
 
Yes
 
No
 
 
On a scale from 1-5 with 5 being the highest, how much literature has been developed to educate employees on what it means to operate as a public company?
1 2 3 4 5
*  
 
 
 
* What types of literature?
   
 
 
 
* Do you anticipate any organization gaps to be filled to support the organization now?
 
Yes
 
No
 
 
 
* What are the additional resources needed for HR
 
a
 
b
 
c
 
d
 
 
 
* What is the anticipated fully loaded cost for those incremental resources?
   
 
 
 
* Do you anticipate any organization gaps to be filled to support a public company on an ongoing basis?
 
Yes
 
No
 
 
 
* What are the additional resources needed for HR
 
a
 
b
 
c
 
d
 
 
 
* What is the anticipated fully loaded cost of the incremental resources?
   
 
 
 
* What is the current Legal team headcount?
   
 
 
 
* How many direct subordinates does the lead counselor have?
   
 
 
On a scale from 1-5 with 5 being the highest, how effective do you think the current reporting structure is?
1 2 3 4 5
*  
 
 
 
* How many legal staff members do you plan to help support the public company on an ongoing basis?
   
 
 
 
* What work has been done to date on legal steps towards preparing the Company to go public?
 
Step 1
 
Step 2
 
Step 3

 
 
Have the proper Board committees been established for the following?
Yes No
* Pricing
* Audit
* Compensation
 
 
 
* Have two independent Board members been nominated?
 
Yes
 
No
 
 
 
* Is one of the independent Board members head of the Audit Committee?
 
Yes
 
No
 
 
Has the proper risk management function been established to process the following?
Yes No
* Developing Corporate Policy
* Updating Corporate Policy
* Reviewing Corporate Policy
 
 
 
* Have you hired the following advisory or do you plan on hiring them?
 
Hired
 
Planned
 
Not Expected
 
 
 
* Is there a system implementation under way or planned?
 
Yes
 
No
 
 
 
* Is there a system upgrade underway or planned?
 
Yes
 
No
 
 
 
* Is there a system modification underway or planned?
 
Yes
 
No
 
 
On a scale from 1-5 with 5 being the highest, how effective are current systems in enabling an accurate and timely close of the books?
1 2 3 4 5
*  
 
 
On a scale from 1-5 with 5 being the highest, how effective are current systems in supporting the needs of a public company's financial statement reporting requirements?
1 2 3 4 5
*  
 
 
 
* What is the Company's anticipated timing of the pre-clearance process?
MonthDayYear
  
 
 
 
* How many additional resources are anticipated to support the pre-clearance process?
   
 
 
 
* Has the Company started the process of retaining SEC counsel?
 
Yes
 
No
 
 
Has the Company started any of the following:
Yes No
* Mock 10k
* 10Q Process
* S1 Drafting
 
 
 
* Does the Company need to refinance any or all of its existing indebtedness?
 
Yes
 
No
 
 
 
* What is the amount/percentage of outstanding debt to be refinanced?
   
 
 
 
* When do you expect the refinance process to be completed?
 
 
 
* Are additional Treasury resources anticipated to support the debt refinancing process?
 
Yes
 
No
 
 
 
* How many additional Treasury resources are required to support the debt refinancing process?
   
 
 
 
* Are additional Treasury resources anticipated to support ongoing reporting & audit requirements?
 
Yes
 
No
 
 
 
* How many additional Treasury resources are required to support ongoing reporting and audit requirements?
   
 
 
 
* Has the (potential) debt structure been finalized?
 
Yes
 
No
 
 
 
* What is the current status of the debt structure?
   
 
 
 
* Is the audit partner aware of refinancing and have there been discussions on audit requirements?
 
Yes
 
No
 
 
 
Have you defined the strategy on how to approach the rating agencies?
 
Yes
 
No
 
 
 
* Are there any significant/rating issues that are hindering the debt refinancing process?
 
Yes
 
No
 
 
On a scale from 1-5 with 5 being the most, how much of the data list has been populated/information made available to be uploaded into data room?
1 2 3 4 5
*  
 
 
 
* Has the Company obtained bids from potential vendors (Intralinks, RR Donnelly, Smartroom, etc.) for services?
 
Yes
 
No
 
 
 
* Has an agreement been finalized?
 
Yes
 
No
 
 
 
* Who is the vendor?
   
 
 
On a scale from 1-5 with 5 being the most, how much progress has the Company made in "sanitizing" documents in preparation for data room?
1 2 3 4 5
*  
 
 
 
* Are additional resources anticipated to support the set up/maintenance of the data room?
 
Yes
 
No
 
 
 
* How many additional resources are required to support the set up/maintenance of the data room?
   
 
 
 
* Has governance been established?
 
Yes
 
No
 
 
 
* Thank you for taking this survey