Just when you thought the worst of 2020 was past
Today I got an e-mail from the PASS board indicating that the organization is dissolving. It reads:
PASS could not have anticipated the impact COVID-19 would have on the world, and on our organization. We are all reeling from what this year has been and done, and it is with heavy hearts that we must share yet one more bit of bad news from the annus horribilis that was 2020.
We are saddened to tell you that, due to the impact of COVID-19, PASS is ceasing all regular operations, effective January 15, 2021.
With the registration shortfall from PASS Virtual Summit, a lack of cashflow, and considering future obligations that PASS has on the books (i.e. 5 years’ worth of convention center and hotel agreements), PASS has no choice but to cease its operations and pursue dissolution. During our December 3rd, 2020 Board meeting, the PASS Board unanimously approved taking next steps in this unfortunate, but necessary, direction.
PASS has engaged experienced insolvency counsel and other professionals. All steps that PASS takes now are under the advice of our independent legal counsel as a part of the insolvency process. This includes communications, debt repayment, asset disbursement, conducting Board business, and all other actions.
We encourage you to take full advantage of any access that you have to PASS content between now and January 15, 2021. After that point, PASS servers will cease to function and members will no longer be able to access any PASS resources. So, in the meantime, you can watch sessions on our website, and download session recordings that you’ve purchased or that you have access to as a PASS Pro member. Please take full advantage of this exclusive content while you can.
Thank you for your support and engagement over the years. We wish you all the best.
The PASS Board
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