Complex sentence: By 1912, the Allis-Chalmers Company was in financial trouble, so it was reorganized (as the Allis-Chalmers Manufacturing Company) and Otto Falk, a former Brigadier General of the Wisconsin National Guard, was appointed to turn it around.
Split into simpler sentences: By 1912, the Allis-Chalmers Company was in financial trouble, so it was reorganized. It was renamed the Allis-Chalmers Manufacturing Company, and Otto Falk, a former Brigadier General of the Wisconsin National Guard, was appointed to turn it around.