sec document
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
--------------
SCHEDULE 13D
(RULE 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13D-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13D-2(a)
(Amendment No. 5)(1)
SAIA, Inc.
----------
(Name of Issuer)
Common Stock, $.001 Par Value
------------------------------
(Title of Class of Securities)
78709Y105
---------
(CUSIP Number)
STEVEN WOLOSKY, ESQ.
OLSHAN GRUNDMAN FROME ROSENZWEIG & WOLOSKY LLP
Park Avenue Tower
65 East 55th Street
New York, New York 10022
(212) 451-2300
--------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 18, 2006
---------------
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G
to report the acquisition that is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box / /.
NOTE. Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. SEE Rule 13d-7 for
other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 24 Pages)
----------------
(1) The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, SEE the
NOTES).
---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 2 of 24 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
STARBOARD VALUE AND OPPORTUNITY MASTER FUND LTD.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 751,574
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
751,574
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
751,574
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.1%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 3 of 24 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
PARCHE, LLC
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 302,124
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
302,124
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
302,124
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.1%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 4 of 24 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
RCG AMBROSE MASTER FUND, LTD
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 105,100
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
105,100
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
105,100
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 1%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 5 of 24 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
RCG HALIFAX FUND, LTD
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 96,767
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
96,767
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
96,767
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 1%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 6 of 24 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
RAMIUS MASTER FUND, LTD.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 468,855
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
468,855
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
468,855
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.2%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 7 of 24 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
ADMIRAL ADVISORS, LLC
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,053,698
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,053,698
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,053,698
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.2%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 8 of 24 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
RAMIUS ADVISORS, LLC
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 468,855
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
468,855
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
468,855
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.2%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA, OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 9 of 24 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
RAMIUS CAPITAL GROUP, LLC
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,724,420
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,724,420
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,724,420
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.8%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA, OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 10 of 24 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
C4S & CO., LLC
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,724,420
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,724,420
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,724,420
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.8%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 11 of 24 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
PETER A. COHEN
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 1,724,420
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,724,420
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,724,420
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.8%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 12 of 24 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
MORGAN B. STARK
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 1,724,420
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,724,420
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,724,420
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.8%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 13 of 24 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
JEFFREY M. SOLOMON
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 1,724,420
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,724,420
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,724,420
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.8%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 14 of 24 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
THOMAS W. STRAUSS
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 1,724,420
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,724,420
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,724,420
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.8%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 15 of 24 Pages
---------------------- ----------------------
The following constitutes Amendment No. 5 ("Amendment No. 5") to the
Schedule 13D filed by the undersigned. This Amendment No. 5 amends the Schedule
13D as specifically set forth.
Item 3 is hereby amended and restated as follows:
The Shares purchased by Starboard, Parche, RCG Ambrose, RCG Halifax and
Ramius Master were purchased with the working capital of such entities (which
may, at any given time, include margin loans made by brokerage firms in the
ordinary course of business) in open market purchases, except as otherwise
noted, as set forth in Schedule A, which is incorporated by reference herein.
The aggregate purchase cost of the 1,724,420 Shares beneficially owned in the
aggregate by all of the Reporting Persons is approximately $42,097,227.62,
including brokerage commissions.
Item 5 is hereby amended and restated as follows:
The aggregate percentage of Shares reported owned by each person named
herein is based upon 14,656,155 Shares outstanding, which is the total number of
Shares outstanding as of July 26, 2006, as reported in the Issuer's Quarterly
Report on Form 10-Q filed with the Securities and Exchange Commission on July
28, 2006.
A. Starboard
(a) As of August 18, 2006, Starboard beneficially owned 751,574 Shares.
Percentage: Approximately 5.1%.
(b) 1. Sole power to vote or direct vote: 751,574
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 751,574
4. Shared power to dispose or direct the disposition: 0
(c) The transactions by Starboard in the Shares in the past sixty days is
set forth in Schedule A and is incorporated by reference.
B. Parche
(a) As of August 18, 2006, Parche beneficially owned 302,124 Shares.
Percentage: Approximately 2.1%.
(b) 1. Sole power to vote or direct vote: 302,124
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 302,124
4. Shared power to dispose or direct the disposition: 0
(c) The transactions by Parche in the Shares in the past sixty days is set
forth in Schedule A and is incorporated by reference.
---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 16 of 24 Pages
---------------------- ----------------------
C. RCG Ambrose
(a) As of August 18, 2006, RCG Ambrose beneficially owned 105,100 Shares.
Percentage: Less than 1%.
(b) 1. Sole power to vote or direct vote: 105,100
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 105,100
4. Shared power to dispose or direct the disposition: 0
(c) The transactions by RCG Ambrose in the Shares in the past sixty days
is set forth in Schedule A and is incorporated by reference.
D. RCG Halifax
(a) As of August 18, 2006, RCG Halifax beneficially owned 96,767 Shares.
Percentage: Less than 1%.
(b) 1. Sole power to vote or direct vote: 96,767
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 96,767
4. Shared power to dispose or direct the disposition: 0
(c) The transactions by RCG Halifax in the Shares in the past sixty days
is set forth in Schedule A and is incorporated by reference.
E. Ramius Master
(a) As of August 18, 2006, Ramius Master beneficially owned 468,855
Shares.
Percentage: Approximately 3.2%.
(b) 1. Sole power to vote or direct vote: 468,855
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 468,855
4. Shared power to dispose or direct the disposition: 0
(c) The transactions by Ramius Master in the shares in the past sixty days
is set forth in Schedule A and is incorporated by reference.
F. Admiral Advisors
(a) As of August 18, 2006, as the investment manager of Starboard
and the managing member of Parche, Admiral Advisors may be deemed the beneficial
---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 17 of 24 Pages
---------------------- ----------------------
owner of (i) 751,574 Shares owned by Starboard and (ii) 302,124 Shares owned by
Parche.
Percentage: Approximately 7.2%.
(b) 1. Sole power to vote or direct vote: 1,053,698
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 1,053,698
4. Shared power to dispose or direct the disposition: 0
(c) Admiral Advisors did not enter into any transactions in the Shares in
the past sixty days. The transactions in the Shares in the past sixty days on
behalf of Starboard and Parche are set forth in Schedule A and are incorporated
herein by reference.
G. Ramius Advisors
(a) As of August 18, 2006, as the investment advisor of Ramius
Master, Ramius Advisors may be deemed the beneficial owner of 468,855 Shares
owned by Ramius Master.
Percentage: Approximately 3.2%.
(b) 1. Sole power to vote or direct vote: 468,855
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 468,855
4. Shared power to dispose or direct the disposition: 0
(c) Ramius Advisors did not enter into any transactions in the Shares in
the past sixty days . The transactions in the Shares in the past sixty days on
behalf of Ramius Master are set forth in Schedule A and are incorporated herein
by reference.
H. Ramius Capital
(a) As of August 18, 2006, as the sole member of Admiral Advisors
and Ramius Advisors (the investment advisor of Ramius Master) and as the
investment advisor to RCG Halifax and RCG Ambrose, Ramius Capital may be deemed
the beneficial owner of (i) 751,574 shares owned by Starboard, (ii) 302,124
Shares owned by Parche, (iii) 105,100 Shares owned by RCG Ambrose, (iv) 96,767
Shares owned by RCG Halifax and (v) 468,855 Shares owned by Ramius Master.
Percentage: Approximately 11.8%.
(b) 1. Sole power to vote or direct vote: 1,724,420
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 1,724,420
4. Shared power to dispose or direct the disposition: 0
(c) Ramius Capital did not enter into any transactions in the Shares in
the past sixty days . The transactions in the Shares in the past sixty days on
---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 18 of 24 Pages
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behalf of Starboard, Parche, RCG Ambrose, RCG Halifax and Ramius Master are set
forth in Schedule A and are incorporated herein by reference.
I. C4S
(a) As of August 18, 2006, as the managing member of Ramius
Capital, C4S may be deemed the beneficial owner of (i) 751,574 Shares owned by
Starboard, (ii) 302,124 Shares owned by Parche, (iii) 105,100 Shares owned by
RCG Ambrose, (iv) 96,767 Shares owned by RCG Halifax, and (v) 468,855 Shares
owned by Ramius Master.
Percentage: Approximately 11.8%.
(b) 1. Sole power to vote or direct vote: 1,724,420
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 1,724,420
4. Shared power to dispose or direct the disposition: 0
(c) C4S did not enter into any transactions in the Shares in the past
sixty days. The transactions in the Shares in the past sixty days on behalf of
Starboard, Parche, RCG Ambrose, RCG Halifax and Ramius Master are set forth in
Schedule A and are incorporated by reference.
J. Mr. Cohen, Mr. Stark, Mr. Strauss and Mr. Solomon
(a) As of August 18, 2006, as the managing members of C4S, each of
Mr. Cohen, Mr. Stark, Mr. Strauss and Mr. Solomon may be deemed the beneficial
owner of (i) 751,574 Shares owned by Starboard, (ii) 302,124 Shares owned by
Parche, (iii) 105,100 Shares owned by RCG Ambrose, (iv) 96,767 Shares owned by
RCG Halifax and (v) 468,855 Shares owned by Ramius Master. Each of Messrs.
Cohen, Stark, Solomon and Strauss share voting and dispositive power with
respect to the Shares owned by Starboard, Parche, RCG Ambrose, RCG Halifax and
Ramius Master by virtue of their shared authority to vote and dispose of such
Shares. Messrs. Cohen, Stark, Solomon and Strauss disclaim beneficial ownership
of such Shares.
Percentage: Approximately 11.8%.
(b) 1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 1,724,420
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 1,724,420
(c) None of Mr. Cohen, Mr. Stark, Mr. Strauss or Mr. Solomon has entered
into any transactions in the Shares in the past sixty days. The transactions in
the Shares in the past sixty days on behalf of Starboard, Parche, RCG Ambrose,
RCG Halifax and Ramius Master are set forth in Schedule A and are incorporated
by reference.
(d) No person other than the Reporting Persons is known to have the right
to receive, or the power to direct the receipt of dividends from, or proceeds
from the sale of, such Shares.
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CUSIP No. 78709Y105 13D Page 19 of 24 Pages
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(e) Not applicable.
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CUSIP No. 78709Y105 13D Page 20 of 24 Pages
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SIGNATURES
----------
After reasonable inquiry and to the best of his knowledge and belief,
each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: August 21, 2006
RAMIUS CAPITAL GROUP, LLC RCG AMBROSE MASTER FUND, LTD.
By: C4S & Co., L.L.C., By: Ramius Capital Group, LLC,
as Managing Member its Investment Advisor
By: /s/ Jeffrey M. Solomon By: C4S & Co., L.L.C.,
---------------------------- its Managing Member
Name: Jeffrey M. Solomon
Title: Managing Member By: /s/ Jeffrey M. Solomon
----------------------------
Name: Jeffrey M. Solomon
Title: Managing Member
RCG HALIFAX FUND, LTD. RAMIUS MASTER FUND, LTD
By: Ramius Capital Group, LLC, By: Ramius Advisors, LLC
its Investment Advisor its Investment Advisor
By: C4S & Co., L.L.C., By: Ramius Capital Group, LLC
its Managing Member its Managing Member
By: /s/ Jeffrey M. Solomon By: /s/ Jeffrey M. Solomon
---------------------------- ----------------------------
Name: Jeffrey M. Solomon Name: Jeffrey M. Solomon
Title: Managing Member Title: Managing Member
C4S & CO., L.L.C. JEFFREY M. SOLOMON
By: /s/ Jeffrey M. Solomon /s/ Jeffrey M. Solomon
---------------------------- --------------------------------
Name: Jeffrey M. Solomon Individually and as attorney-in-fact
Title: Managing Member for Peter A.Cohen, Morgan B. Stark
and Thomas W. Strauss
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CUSIP No. 78709Y105 13D Page 21 of 24 Pages
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STARBOARD VALUE & OPPORTUNITY PARCHE, LLC
MASTER FUND LTD. By: Admiral Advisors, LLC,
its managing member
By: /s/ Jeffrey M. Solomon
---------------------------- By: /s/ Jeffrey M. Solomon
Name: Jeffrey M. Solomon ----------------------------
Title: Authorized Signatory Name: Jeffrey M. Solomon
Title: Authorized Signatory
ADMIRAL ADVISORS, LLC RAMIUS ADVISORS, LLC
By: Ramius Capital Group, LLC, By: Ramius Capital Group, LLC,
its managing member its managing member
By: /s/ Jeffrey M. Solomon By: /s/ Jeffrey M. Solomon
---------------------------- ----------------------------
Name: Jeffrey M. Solomon Name: Jeffrey M. Solomon
Title: Authorized Signatory Title: Authorized Signatory
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CUSIP No. 78709Y105 13D Page 22 of 24 Pages
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SCHEDULE A
TRANSACTIONS IN THE SHARES OF THE ISSUER IN THE PAST SIXTY DAYS
Shares of Common Stock Price Per Date of
Sold Share($) Purchase/Sale
---- -------- -------------
STARBOARD VALUE AND OPPORTUNITY MASTER FUND LTD.
------------------------------------------------
3,401 32.0530 8/16/06
1,964 32.0253 8/16/06
18,602 32.0325 8/16/06
1,576 32.1549 8/17/06
218 32.3175 8/17/06
13,595 31.4475 8/17/06
15,129 31.4481 8/18/06
13,203 31.5448 8/18/06
484 31.7864 8/18/06
1,100 31.6216 8/18/06
PARCHE, LLC
-----------
1,367 32.0530 8/16/06
790 32.0253 8/16/06
7,475 32.0325 8/16/06
633 32.1549 8/17/06
88 32.3175 8/17/06
5,464 31.4475 8/17/06
6,017 31.4481 8/18/06
5,251 31.5448 8/18/06
192 31.7864 8/18/06
437 31.6216 8/18/06
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CUSIP No. 78709Y105 13D Page 23 of 24 Pages
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RCG AMBROSE MASTER FUND, LTD.
-----------------------------
475 32.0530 8/16/06
274 32.0253 8/16/06
2,599 32.0325 8/16/06
220 32.1549 8/17/06
30 32.3175 8/17/06
1,900 31.4475 8/17/06
2,073 31.4481 8/18/06
1,809 31.5448 8/18/06
66 31.7864 8/18/06
151 31.6216 8/18/06
RCG HALIFAX FUND, LTD.
----------------------
437 32.0530 8/16/06
253 32.0253 8/16/06
2,393 32.0325 8/16/06
204 32.1549 8/17/06
28 32.3175 8/17/06
1,748 31.4475 8/17/06
1,909 31.4481 8/18/06
1,666 31.5448 8/18/06
61 31.7864 8/18/06
139 31.6216 8/18/06
RAMIUS MASTER FUND, LTD
-----------------------
2,120 32.0530 8/16/06
1,224 32.0253 8/16/06
11,596 32.0325 8/16/06
982 32.1549 8/17/06
136 32.3175 8/17/06
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CUSIP No. 78709Y105 13D Page 24 of 24 Pages
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8,475 31.4475 8/17/06
9,248 31.4481 8/18/06
8,071 31.5448 8/18/06
297 31.7864 8/18/06
673 31.6216 8/18/06