Clay J. Heald

Corporate Practice Associate

Dallas
T +1.214.210.1200
F +1.214.210.1201
Houston
T +1.713.276.1689
F +1.713.751.1717

Overview

Clay Heald delivers thoughtful guidance and practical advice to a variety of clients, including global investment firms and asset managers. Working with their in-house legal and operational teams, he reviews contracts, assists in the drafting and negotiating of transactional documents and provides day-to-day ongoing support on general corporate matters. With a background in corporate law, Clay understands the breadth of clients' goals and what is required to attain them.

Select Experience

Mergers and Acquisitions

  • Represented a Texas-based exploration and production company in the mergers and dissolutions of several of its subsidiaries and affiliates.

Corporate Governance and Formation

  • Represented clients in connection with entity formation issues, including advising clients regarding choice of entity issues and preparing organizational documents.

Securities and Capital Markets

  • Represented a public company in connection with filings and compliance under the Securities and Exchange Act.

General Corporate Matters

  • Represented a public company in various intercompany financing transactions, including the drafting of promissory notes and lines of credit in excess of $100 million.
More »

Experience

Mergers and Acquisitions

  • Represented a Texas-based exploration and production company in the mergers and dissolutions of several of its subsidiaries and affiliates.
  • Represented a public company in ancillary matters related to the stock sale of its company for approximately $5 billion.
  • Represented a public company in a holding company reorganization by which the public company became a wholly owned subsidiary of a newly formed holding company and by which the holding company replaced the public company as the publicly traded company.
  • Represented a public company in the mergers of several of its subsidiaries.
  • Represented a client in the acquisition of an automotive repair and classic auto restoration company for approximately $2 million.

Corporate Governance and Formation

  • Represented clients in connection with entity formation issues, including advising clients regarding choice of entity issues and preparing organizational documents.
  • Advised a client on enhancing ESG policies in response to its ISS Governance Quality Score.
  • Advised a public company, boards of directors and committees in corporate and transactional matters, including executive and director compensation trends among peer companies.

Securities and Capital Markets

  • Represented a public company in connection with filings and compliance under the Securities and Exchange Act.
  • Revised a federal securities compliance manual for a NASDAQ-listed insurance company in connection with the sale and management of its variable annuity and variable life products.

General Corporate Matters

  • Represented a public company in various intercompany financing transactions, including the drafting of promissory notes and lines of credit in excess of $100 million.
  • Drafts, reviews and negotiates a wide variety of complex commercial agreements, including consulting agreements, statements of work, software license agreements, professional services agreements, information technology agreements and non-disclosure and confidentiality agreements for large private-equity firms.

Recognitions and Memberships

Recognitions

  • Galveston County Outstanding Young Lawyer of the Year (2021)

Memberships

  • Galveston County Bar Association: Treasurer
  • Galveston County Young Lawyers Association: Past President

Admissions

  • Texas

Education

  • J.D., South Texas College of Law, 2016
  • B.S., Texas A&M University, 2012, cum laude