Tuesday Morning’s GC Jennyfer Gray’s life in the fast lane - Dallas Business Journal

have named Gray as the 2022 DFW Corporate Counsel Award recipient for General Counsel of the Year for a Small Legal Department .

“I saw a job posting,” she said. “Since I grew up in Dallas, I remembered standing in line outside a Tuesday Morning to shop for sheets and towels.”“Jenny’s time at Tuesday Morning has been characterized by change,” Montgomery said. “In just the last six months, she has coordinated an equity raise, faced significant changes in executive and board leadership and she handled the company’s delisting with Nasdaq.

“Without question, Baron & Budd shaped me,” she said. “I believed in the passion of the cause at Baron & Budd. It was a place of incredible growth. There was always something big happening, and you could get involved. Today, I still believe in being able to tell a story and explain what is happening by narrative.In 2004, Gray started her own law firm and then went in-house at FairPay Solutions in 2008 as lead litigation counsel — a position she held for five years.

“At the time, I really wanted to work for a publicly traded company,” she said. “I wanted the experience with governance and reporting. Back to how much fun I must have been as a kid, I read all the rules when playing board games.” Tuesday Morning exited bankruptcy in December 2020, but tumultuous times continued. The company’s operations still felt negative impacts from pandemic-related disruptions to the supply chain, reduced store traffic and a decline in sales due to inflation.

In September, after months of extensive discussions, Tuesday Morning obtained additional financing by entering into a note purchase agreement with certain members of management and a special purpose entity formed by Retail Ecommerce Ventures and Ayon Capital, which provided a critical piece of $35 million in convertible debt financing.

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Tuesday Morning’s GC Jennyfer Gray’s life in the fast lane - Dallas Business JournalGray last year led Tuesday Morning, which has faced severe economic challenges like most retailers, through multiple financings and credit facilities, including a $110 million asset-based loan and the transition to a new executive leadership team and corporate board.
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