UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
Amendment No. 1 *
TechTeam Global, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
87831110-9
(CUSIP Number)
May 1, 2006
(Date of event which requires filing of this statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
----------------
*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 the disclosures provided in a prior cover page.
The information required in 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 ("Act") 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. 87831110-9 13G/A Page 2 of 17 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Ramius Capital Group, L.L.C. 13-3937658
-----------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
-----------------------------------------------------------------------------
(3) SEC USE ONLY
-----------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-----------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
SHARES 992,887
---------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
0
OWNED BY _______________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
REPORTING 992,887
---------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
-----------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
992,887
-----------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
[ ]
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
Approximately 9.82%.
-----------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
IA, OO
-----------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 87831110-9 13G/A Page 3 of 17 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
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) CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
-----------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
SHARES 125,178
---------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY _______________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
REPORTING 125,178
---------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
-----------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
125,178
-----------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
[ ]
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
Approximately 1.24%.
-----------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
CO
-----------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 87831110-9 13G/A Page 4 of 17 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
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) CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
-----------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
SHARES 126,493
---------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
0
OWNED BY _______________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
REPORTING 126,493
---------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
-----------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
126,493
-----------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
[ ]
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
Approximately 1.25%.
-----------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
CO
-----------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 87831110-9 13G/A Page 5 of 17 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Ramius Fund III, Ltd.
-----------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
-----------------------------------------------------------------------------
(3) SEC USE ONLY
-----------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
-----------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
SHARES 29,060
---------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY _______________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
REPORTING 29,060
---------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
-----------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
29,060
-----------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
[ ]
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
Approximately 0.3%.
-----------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
CO
-----------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 87831110-9 13G/A Page 6 of 17 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
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) CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
-----------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
SHARES 501,033
---------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY _______________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
REPORTING 501,033
---------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
-----------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
501,033
-----------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
[ ]
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
Approximately 4.95%.
-----------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
CO
-----------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 87831110-9 13G/A Page 7 of 17 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Ramius Securities, L.L.C. 58-2253019
-----------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
-----------------------------------------------------------------------------
(3) SEC USE ONLY
-----------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-----------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
SHARES 211,123
---------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY _______________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
REPORTING 211,123
---------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
-----------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
211,123
-----------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
[ ]
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
Approximately 2.08%.
-----------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
BD
-----------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 87831110-9 13G/A Page 8 of 17 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Ramius Advisors, L.L.C. 13-3954331
-----------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
-----------------------------------------------------------------------------
(3) SEC USE ONLY
-----------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-----------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
SHARES 530,093
---------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY _______________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
REPORTING 530,093
---------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
-----------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
530,093
-----------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
[ ]
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
Approximately 5.24%.
-----------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
IA, OO
-----------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 87831110-9 13G/A Page 9 of 17 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
C4S & Co., L.L.C. 13-3946794
-----------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
-----------------------------------------------------------------------------
(3) SEC USE ONLY
-----------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-----------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
SHARES 992,887
---------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY _______________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
REPORTING 992,887
---------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
-----------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
992,887
-----------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
[ ]
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
Approximately 9.82%.
-----------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
OO
-----------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 87831110-9 13G/A Page 10 of 17 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
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) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-----------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
SHARES _______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 992,887
---------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
REPORTING _______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
992,887
-----------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
992,887
-----------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
[ ]
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
Approximately 9.82%.
-----------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
IN
-----------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 87831110-9 13G/A Page 11 of 17 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
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) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-----------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
SHARES _______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 992,887
---------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
REPORTING _______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
992,887
-----------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
992,887
-----------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
[ ]
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
Approximately 9.82%.
-----------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
IN
-----------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 87831110-9 13G/A Page 12 of 17 Pages
-----------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
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) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-----------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
SHARES _______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 992,887
---------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
REPORTING _______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
992,887
-----------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
992,887
-----------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
[ ]
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
Approximately 9.82%.
-----------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
IN
-----------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 87831110-9 13G/A Page 13 of 17 Pages
-----------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
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) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-----------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
SHARES _______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 992,887
---------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
REPORTING _______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
992,887
-----------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
992,887
-----------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
Approximately 9.82%.
-----------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
IN
-----------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 87831110-9 13G/A Page 14 of 17 Pages
This Amendment No. 1 (this "Amendment") amends the statement on Schedule
13G which was filed on March 30, 2006 (the "Schedule 13G") with respect to
shares of common stock, par value $0.01 per share (the "Common Stock") of
TechTeam Global, Inc., a Delaware corporation (the "Company"). Capitalized terms
used herein and not otherwise defined in this Amendment have the meanings set
forth in the Schedule 13G. This Amendment amends items 2(a), 2(b), 2(c) and 4 as
set forth below.
Item 2(a). Name of Person Filing
Item 2(b). Address of Principal Business Office
Item 2(c). Citizenship
Items 2(a), 2(b) and 2(c) are hereby amended and supplemented as follows:
Ramius Fund III, Ltd.
c/o Ramius Capital Group, L.L.C.
666 Third Avenue, 26th Floor
New York, New York 10017
Citizenship: Cayman Islands
Item 4. Ownership
Item 4 is hereby amended and restated in its entirety as follows:
(a) Amount Beneficially Owned:
As of the date hereof, (i) RCG Ambrose Master Fund, Ltd., a Cayman
Islands company ("Ambrose") owns 125,178 shares of Common Stock, (ii) RCG
Halifax Fund, Ltd., a Cayman Islands company ("Halifax") owns 126,493 shares of
Common Stock, (iii) Ramius Fund III, Ltd., a Cayman Islands company ("Ramius
III") owns 29,060 shares of Common Stock, (iv) Ramius Master Fund, Ltd., a
Cayman Islands company ("Ramius Master Fund") owns 501,033 shares of Common
Stock, and (v) Ramius Securities, L.L.C., a Delaware limited liability company
("Ramius Securities") owns 211,123 shares of Common Stock. In addition, (i)
Ramius Advisors, LLC, a Delaware limited liability company ("Ramius
Advisors") may be deemed to beneficially own the 530,093 shares owned by Ramius
Master Fund and Ramius III and (ii) each of Ramius Capital Group, L.L.C., a
Delaware limited liability company ("Ramius Capital"), C4S & Co., L.L.C., a
Delaware limited liability company ("C4S"), Peter A. Cohen ("Mr. Cohen"), Morgan
B. Stark ("Mr. Stark"), Thomas W. Strauss ("Mr. Strauss") and Jeffrey M. Solomon
("Mr. Solomon") may be deemed to beneficially own all shares of Common Stock
held by Ambrose, Halifax, Ramius III, Ramius Master Fund and Ramius Securities,
an aggregate number of 992,887 shares of Common Stock.
Note: Ramius Capital is the investment manager of Ambrose and Halifax and
has the power to direct some of the affairs of Ambrose and Halifax, including
decisions respecting the disposition of the proceeds from the sale of shares of
the Common Stock. Ramius Advisors is the investment manager of Ramius Master
Fund and Ramius III and has the power to direct some of the affairs of Ramius
Master Fund and Ramius III, including decisions respecting the disposition of
the proceeds from the sale of shares of the Common Stock. Ramius Capital is the
sole member of Ramius Advisors. Ramius Securities is a broker dealer affiliated
with Ramius Capital. Ramius Capital is the managing member of Ramius Securities.
C4S is the managing member of Ramius Capital and in that capacity directs its
operations. Mr. Cohen, Mr. Stark, Mr. Strauss and Mr. Solomon are the managing
members of C4S and in that capacity direct its operations. The foregoing should
not be construed in and of itself as an
CUSIP No. 87831110-9 13G/A Page 15 of 17 Pages
admission by any Reporting Person as to beneficial ownership of any shares of
Common Stock owned by another Reporting Person. In addition, each of Mr. Cohen,
Mr. Stark, Mr. Strauss and Mr. Solomon disclaims beneficial ownership of the
shares of Common Stock owned by Ambrose, Halifax, Ramius III, Ramius Master Fund
and Ramius Securities and the filing of this statement shall not be construed as
an admission that any such person is the beneficial owner of any such
securities.
(b) Percent of class:
Based on the quarterly report on Form 10-Q filed by the Company on May
10, 2006, there were 10,112,939 shares of Common Stock outstanding as of May 1,
2006. Therefore, (i) Ambrose may be deemed to beneficially own 1.24% of the
outstanding shares of Common Stock, (ii) Halifax may be deemed to beneficially
own 1.25% of the outstanding shares of Common Stock, (iii) Ramius III may be
deemed to beneficially own 0.3% of the outstanding shares of Common Stock, (iv)
Ramius Master Fund may be deemed to beneficially own 4.95% of the outstanding
shares of Common Stock, (v) Ramius Advisors may be deemed to beneficially own
5.24% of the outstanding shares of Common Stock, (vi) Ramius Securities may be
deemed to beneficially own 2.08% of the outstanding shares of Common Stock, and
(vii) each of Ramius Capital, C4S, Mr. Cohen, Mr. Stark, Mr. Strauss and Mr.
Solomon may be deemed to beneficially own 9.82% of the outstanding shares of
Common Stock.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
See Item 4(a) above.
(ii) Shared power to vote or to direct the vote:
See Item 4(a) above.
(iii) Sole power to dispose or to direct the disposition of:
See Item 4(a) above.
(iv) Shared power to dispose or to direct the disposition of:
See Item 4(a) above.
Exhibits:
Exhibit I: Joint Filing Agreement, dated May 18, 2006 by and among Ramius
Capital, Ambrose, Halifax, Ramius III, Ramius Master Fund, Ramius Securities,
Ramius Advisors, C4S, Mr. Cohen, Mr. Stark, Mr. Strauss and Mr. Solomon.
CUSIP No. 87831110-9 13G/A Page 16 of 17 Pages
SIGNATURE
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 this 18th day of May, 2006
RCG AMBROSE MASTER FUND, LTD. RAMIUS MASTER FUND, LTD
By: Ramius Capital Group, L.L.C., By: Ramius Advisors, LLC
its investment manager its investment manager
By: C4S & Co., L.L.C., By: Ramius Capital Group, L.L.C.
its managing member its sole member
RCG HALIFAX FUND, LTD. RAMIUS ADVISORS, LLC
By: Ramius Capital Group, L.L.C., By: Ramius Capital Group, L.L.C.,
its investment manager its sole member
By: C4S & Co., L.L.C.,
its managing member RAMIUS CAPITAL GROUP, L.L.C.
By: C4S & Co., L.L.C.,
RAMIUS SECURITIES, L.L.C. as managing member
By: Ramius Capital Group, L.L.C.,
its managing member RAMIUS FUND III, LTD
By: C4S & Co., L.L.C., By: Ramius Advisors, LLC
its managing member its investment manager
By: Ramius Capital Group, L.L.C.
its sole member
C4S & CO., L.L.C.
By: /s/ Morgan B. Stark
---------------------------
Name: Morgan B. Stark
Title: Authorized Signatory
MORGAN B. STARK
/s/ Morgan B. Stark
-------------------------------------
Individually and as attorney-in-fact
for Peter A. Cohen,
Jeffrey M. Solomon and
Thomas W. Strauss
CUSIP No. 87831110-9 13G/A Page 17 of 17 Pages
EXHIBIT I
JOINT FILING AGREEMENT
PURSUANT TO RULE 13D-1(k)
The undersigned acknowledge and agree that the foregoing statement on Schedule
13D is filed on behalf of each of the undersigned and that all subsequent
amendments to this statement on Schedule 13D shall be filed on behalf of each of
the undersigned without the necessity of filing additional joint acquisition
statements. The undersigned acknowledge that each shall be responsible for the
timely filing of such amendments, and for the completeness and accuracy of the
information concerning him or it contained therein, but shall not be responsible
for the completeness and accuracy of the information concerning the others,
except to the extent that he or it knows or has reason to believe that such
information is inaccurate.
Dated this 18th day of May, 2006
RCG AMBROSE MASTER FUND, LTD. RAMIUS MASTER FUND, LTD
By: Ramius Capital Group, L.L.C., By: Ramius Advisors, LLC
its investment manager its investment manager
By: C4S & Co., L.L.C., By: Ramius Capital Group, L.L.C.
its managing member its sole member
RCG HALIFAX FUND, LTD. RAMIUS ADVISORS, LLC
By: Ramius Capital Group, L.L.C., By: Ramius Capital Group, L.L.C.,
its investment manager its sole member
By: C4S & Co., L.L.C.,
its managing member RAMIUS CAPITAL GROUP, L.L.C.
By: C4S & Co., L.L.C.,
RAMIUS SECURITIES, L.L.C. as managing member
By: Ramius Capital Group, L.L.C.,
its managing member RAMIUS FUND III, LTD
By: C4S & Co., L.L.C., By: Ramius Advisors, LLC
its managing member its investment manager
By: Ramius Capital Group, L.L.C.
its sole member
C4S & CO., L.L.C.
By: /s/ Morgan B. Stark
---------------------------
Name: Morgan B. Stark
Title: Authorized Signatory
MORGAN B. STARK
/s/ Morgan B. Stark
-------------------------------------
Individually and as attorney-in-fact
for Peter A. Cohen,
Jeffrey M. Solomon and
Thomas W. Strauss