Robert M. Hayward, P.C.
Overview
Bob Hayward – named a “Notable Gen X Leader” by Crain’s Chicago Business in 2021 and a “Trailblazer in the Midwest” by The American Lawyer in 2022 -- helps lead the team that has been awarded “Capital Markets Practice Group of the Year” numerous times by Law 360.
Bob provides direct, thoughtful and practical advice to publicly-traded corporations — across all industries — and private equity funds and their portfolio companies in all aspects of securities, M&A, spin-offs, SEC compliance/ disclosure, corporate governance, stockholder activism, executive compensation, crisis management and general corporate matters. He has extensive experience representing companies in IPOs, high-yield and investment grade debt offerings, private financings, joint ventures and public and private M&A transactions.
Some of the publicly-traded corporations that Bob regularly advises include: The Boeing Company, Deere & Co., Kellanova, Archer-Daniels-Midland (ADM), WK Kellogg, Cushman & Wakefield, Ryan Specialty Group, PowerSchool, JAMF Software, R1 RCM, Inc., Whirlpool Corporation, Sylvamo Corp., Victoria’s Secret, Wynn Resorts, Carvana Co., Maravai LifeSciences, Express, Inc., Flutter Entertainment, U.S. Silica Holdings, Inc., Innovage, Integrated Ad Science and Equity Lifestyle Properties, Inc. After representing Kellogg Company for over 20 years, Bob led its separation into two independent, publicly traded companies — Kellanova and WK Kellogg Co.
- “IPO Lawyer of the Year in Illinois” by Global Law Experts in 2020, 2021, 2022 and 2023
- One of the most active Capital Markets lawyers world-wide, according to Deal Point Data’s list of the 20 most active lawyers (2020–2021), and the only Midwest-based lawyer on the list
- Led the largest equity follow-on offering of all time ($24.6 billion), the largest non-M&A corporate bond offering of all time ($25 billion), the second largest healthcare IPO, and the largest IPOs ever at that time in Minnesota and Arizona
- Named to The Directorship 100 by the National Association of Corporate Directors (NACD) for his influence and leadership in the boardroom (2011 and 2012)
- “Notable Leader in Sustainability” by Crain’s Chicago Business in 2022
- Recognized as one of the leading public company corporate lawyers under the age of 40 (Law360’s “Rising Star” 2010)
- Listed annually in Best Lawyers in America (Securities; Capital Markets; and Securities Regulation), The Legal 500 U.S. for Capital Markets, “Who’s Who Legal 100” by The International Who’s Who of Capital Markets Lawyers, and a “Leading Lawyer” in the areas of corporate finance, M&A, publicly held corporations and securities & venture finance by the Leading Lawyers Network
Experience
Representative Matters
Investment Grade Debt Offerings – $230 billion +
- Counsel to The Boeing Company, Kellogg Company, Whirlpool Corporation, Deere & Co. and John Deere Capital Corporation in offerings of investment grade senior notes
- Led The Boeing Company’s May 2020 senior notes offering of $25 billion spread across seven maturities, which is the largest non-M&A bond offering of all time, the sixth-largest overall and the largest of 2020
- Bob led integrated and cross-disciplined capital markets and ESG teams to help shape a growing green, social and sustainability bond market, including the inaugural sustainability bonds for Kellogg Co., Whirlpool Corp. and John Deere
High Yield Debt Offerings – $90 billion +
- Counsel to Ryan Specialty Group, Biomet, Inc., IPL Plastics, Carvana Co., Nuveen Investments, Inc., Express, Inc., Chemtura Corp., Springs Window Fashions, Joy Global, Inc., Material Sciences Corp., SITEL Worldwide Corporation, Aspect Software, Inc., Atrium Windows in offerings of senior, senior toggle and senior subordinated notes pursuant to Rule 144A
IPOs, Follow-On Offerings and De-SPACs – $110 billion +
- Counsel to Carvana Co., Ryan Specialty Group, Maravai LifeSciences, Ping Identity Holding Corp., Oak Street Health, PowerSchool, JAMF Software, OzForex Group Limited, U.S. Silica Holdings, Inc., Cushman & Wakefield plc, InnovAge, Allvue, Integrated Ad Science, Express, Inc., Datto Holding Corp., The Boeing Company, Ichor Holdings Ltd., GoodRx Holdings, Inc., Intermedia Communications, TransFirst Holdings Corp., Footprint, Wynn Interactive, RedWire, LiveVox, Beauty Health Co., Flagstone Foods, Cinemark Holdings, Inc., Packaging Corporation of America, CapitalSource Inc., Premium Standard Farms, Inc., BlackLine, Inc., Werner Enterprises, Wynn Resorts, Coach, Inc., Infineon Technologies AG, Vital Therapies, Inc., CelluTissue Holdings, Inc., Hypercom Corp., RE/MAX Holdngs, Inc., Akebia Therapeutics Inc., Tokai Pharmaceuticals, Inc. and/or their private equity sponsor in IPOs and follow-on and rights offerings of common stock
M&A, Spin-Offs, Joint Ventures and Activism Defense – $250 billion +
- Counsel to The Boeing Company (NYSE), Kellanova (NYSE), Biomet, Inc. (Nasdaq), Tenneco Inc. (NYSE), Deere & Co., Adolph Coors Company (NYSE), Wynn Resorts (NYSE), Ingevity Corp. (NYSE), Molson Coors Brewing Company (NYSE), Walgreen Co. (NYSE), Kellogg Company (NYSE), PayPay Inc. (Nasdaq), Net2Phone, Inc. (Nasdaq), DexOne Corporation (NYSE), Chemtura Corp. (NYSE), Epiq Systems, Inc. (Nasdaq), LiveVox, Inc. (Nasdaq), Beauty Health Co. (Nasdaq), R1 RCM Inc. (Nasdaq), U.S. Silica Holdings, Inc. (NYSE), Berliner Communications, Inc. (Nasdaq), Argosy Education Group (Nasdaq), Nuveen Investments, Inc. (NYSE), Packaging Corporation of America (NYSE), Meritage Corporation (NYSE), Net2Phone, Inc. (Nasdaq), Del Web Corporation (NYSE), MicroAge, Inc. (Nasdaq), CardConnect, Material Sciences Corp. (NYSE), TransFirst Holdings Corp. (NYSE), Huntway Refining Company (NYSE) and UbiquiTel, Inc. (Nasdaq) with respect to numerous acquisitions, dispositions, carve-outs, spin-offs and mergers-of-equals
- Led Kellogg Company (NYSE) in its separation into two independent, publicly traded companies, Kellanova and WK Kellogg Co. (October 2023)
- Counsel to numerous NYSE and Nasdaq companies across industries in undisclosed shareholder activism and hostile takeover response and preparedness matters. Also counsel to Tenneco Inc. (NYSE) in its 2018 agreement with Ichan Enterprises L.P., Tenneco Inc. (NYSE) in its 2020 settlement with Protean Services LLC and Daniel A. Ninivaggi regarding the composition of the Tenneco board, and Epiq Systems Inc. (Nasdaq) in connection with two separate proxy contests (2014 and 2016)
- Counsel to Molson Coors Brewing Company (NYSE) in its joint venture transaction with SABMiller plc to form MillerCoors LLC
- Counsel to Vista Equity Partners, Golden Gate Capital, Francisco Partners, Weston Presidio, Madison Dearborn Partners, Thomas H. Lee Partners, Summit Partners, Water Street Healthcare Partners and Linden Capital Partners in numerous private acquisitions and dispositions
PIPEs and Related Investments – $20 billion +
- Counsel to companies and private equity sponsors with respect to PIPEs and related investments into Root Inc., Zales Corp., Ann, Inc., Pacific Sunwear of California, Inc., R1 RCM Inc., Reliance Jio Platforms, Net2Phone Inc., Albireo Pharma, Inc., Edge Therapeutics, Inc., Aksys Ltd., Aerpio Pharmaceuticals, Inc. and Aileron Therapeutics Inc.
Prior Experience
Packaging Corporation of America (NYSE: PKG), Interim General Counsel (2003–2006)
Snell & Wilmer, L.L.P., Associate (1997–2000)
More
Thought Leadership
Bob is a co-author for the treatise “A Practical Guide to SEC Proxy and Compensation Rules” (updated annually). Bob also co-authored numerous articles which have appeared in Insights: The Corporate & Securities Law Advisor; Corporate Counsel, The Venture Capital Review and others. Bob is a contributing author to Jack S. Levin’s five-volume “Mergers, Acquisitions and Buyouts” treatise and “Structuring Venture Capital, Private Equity and Entrepreneurial Transactions” treatise (updated annually). Bob has been quoted or featured in Board Member Magazine, The Deal, The Daily Deal, The American Lawyer, Law360, IR Magazine and others.
Bob annually serves as the Co-Chair of the “SEC Hot Topics” seminar in Chicago and is a frequent panelist at leading M&A, securities and public company seminars, including the Ray Garrett Jr. Corporate and Securities Law Conference.
Seminars
Co-chair and Speaker, RR Donnelley SEC Hot Topics Institute, Chicago IL (annual)
Speaker, Ray Garrett Jr. Corporate and Securities Conference (annual)
Recognition
The Northwestern Pritzker School of Law awarded Bob the 2021 “Volunteer Service Award” for his exemplary leadership of the Garrett Corporate & Securities Law Institute and Boardroom Forum, his participation on many advisory committees throughout the University and his service as a dedicated liaison to the Firm.
In 2022, Bob received the Outstanding Pro Bono Works Volunteer Award from the Chicago Lawyers’ Committee for Civil Rights for his leadership in building a more equitable economy.
Memberships & Affiliations
Northwestern University, Board of Trustees (and member of the Educational Properties Committee and Innovation and Entrepreneurship Committee)
TheCorporateCounsel, Advisory Board Member
Ray Garrett Jr. Corporate and Securities Law Conference, Chairman (Former) and Executive Committee Member
The Boardroom Forum, Executive Committee Member
Northwestern University, Former National Co-Chair of Annual Fund
Northwestern University Leadership Circle, Regional Council Member
We Will. The Campaign for Northwestern, Regional Campaign Committee Member
Northwestern Gridiron Network, President and Board Member (2000–2013)
Northwestern University Alumni Association (various positions including Chairman of 5th, 10th, 15th, 20th and 25th reunion committees)
Northwestern University, Member of Trustee Participation Task Force
Village of Northfield, Traffic & Transportation Committee (Chairman) and Zoning Board of Appeals (Member)
Music Institute of Chicago, Trustee (2000–2009)
Chicago Bar Foundation’s Young Professionals Board, Board Member (2001–2009)
Chicago 2016, Corporate Governance Advisor (2008–2009)
The Economic Club of Chicago
Chicago Commonwealth Club
Society of Corporate Secretaries and Governance Professionals
National Association of Stock Plan Professionals
The Lawyers Club of Chicago
Rancheros Visitadores
Charlie Russell Riders Foundation
American Bar Association
Chicago Bar Association
State Bar Association of Arizona
Credentials
Admissions & Qualifications
- 1997, Arizona (inactive)
- 1998, Illinois
Courts
- Supreme Court of Illinois
- Supreme Court of Arizona
- United States District Court for the Northern District of Illinois
- United States District Court for the District of Arizona
Education
- Northwestern Pritzker School of LawJ.D.cum laude1997
- Northwestern UniversityB.S.1994