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. 7)(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)
September 27, 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 23 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 23 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 546,193
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
546,193
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
546,193
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.7%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 3 of 23 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 219,567
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
219,567
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
219,567
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.5%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 4 of 23 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 76,381
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
76,381
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
76,381
--------------------------------------------------------------------------------
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 23 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 70,325
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
70,325
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
70,325
--------------------------------------------------------------------------------
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 23 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 340,732
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
340,732
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
340,732
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.3%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 7 of 23 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 765,760
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
765,760
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
765,760
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.2%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 8 of 23 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 340,732
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
340,732
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
340,732
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.3%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA, OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 9 of 23 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 1,253,198
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,253,198
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,253,198
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.6%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA, OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 10 of 23 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 1,253,198
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,253,198
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,253,198
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.6%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 11 of 23 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 1,253,198
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,253,198
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,253,198
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.6%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 12 of 23 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 1,253,198
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,253,198
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,253,198
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.6%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 13 of 23 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 1,253,198
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,253,198
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,253,198
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.6%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 14 of 23 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 1,253,198
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,253,198
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,253,198
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.6%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 15 of 23 Pages
---------------------- ----------------------
The following constitutes Amendment No. 7 ("Amendment No. 7")
to the Schedule 13D filed by the undersigned. This Amendment No. 7 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 1,253,198 Shares beneficially owned in the
aggregate by all of the Reporting Persons is approximately $32,586,292.45,
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 September 28, 2006, Starboard beneficially owned 546,193
Shares.
Percentage: Approximately 3.7%.
(b) 1. Sole power to vote or direct vote: 546,193
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 546,193
4. Shared power to dispose or direct the disposition: 0
(c) The transactions by Starboard in the Shares since the filing
of Amendment No. 6 to Schedule 13D are set forth in Schedule A and are
incorporated by reference.
B. Parche
(a) As of September 28, 2006, Parche beneficially owned 219,567
Shares.
Percentage: Approximately 1.5%.
(b) 1. Sole power to vote or direct vote: 219,567
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 219,567
4. Shared power to dispose or direct the disposition: 0
(c) The transactions by Parche in the Shares since the filing of
Amendment No. 6 to Schedule 13D are set forth in Schedule A and are incorporated
by reference.
---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 16 of 23 Pages
---------------------- ----------------------
C. RCG Ambrose
(a) As of September 28, RCG Ambrose beneficially owned 76,381
Shares.
Percentage: Less than 1%.
(b) 1. Sole power to vote or direct vote: 76,381
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 76,381
4. Shared power to dispose or direct the disposition: 0
(c) The transactions by RCG Ambrose in the Shares since the filing
of Amendment No. 6 to Schedule 13D are set forth in Schedule A and are
incorporated by reference.
D. RCG Halifax
(a) As of September 28, 2006, RCG Halifax beneficially owned
70,325 Shares.
Percentage: Less than 1%.
(b) 1. Sole power to vote or direct vote: 70,325
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 70,325
4. Shared power to dispose or direct the disposition: 0
(c) The transactions by RCG Halifax in the Shares since the filing
of Amendment No. 6 to Schedule 13D are set forth in Schedule A and are
incorporated by reference.
E. Ramius Master
(a) As of September 28, 2006, Ramius Master beneficially owned
340,732 Shares.
Percentage: Approximately 2.3%.
(b) 1. Sole power to vote or direct vote: 340,732
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 340,732
4. Shared power to dispose or direct the disposition: 0
(c) The transactions by Ramius Master in the Shares since the
filing of Amendment No. 6 to Schedule 13D are set forth in Schedule A and are
incorporated by reference.
F. Admiral Advisors
(a) As of September 28, 2006, as the investment manager of
Starboard and the managing member of Parche, Admiral Advisors may be deemed the
---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 17 of 23 Pages
---------------------- ----------------------
beneficial owner of (i) 546,193 Shares owned by Starboard and (ii) 219,567
Shares owned by Parche.
Percentage: Approximately 5.2%.
(b) 1. Sole power to vote or direct vote: 765,760
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 765,760
4. Shared power to dispose or direct the disposition: 0
(c) Admiral Advisors did not enter into any transactions in the
Shares since the filing of Amendment No. 6 to Schedule 13D. The transactions in
the Shares since the filing of Amendment No. 6 to Schedule 13D on behalf of
Starboard and Parche are set forth in Schedule A and are incorporated herein by
reference.
G. Ramius Advisors
(a) As of September 28, 2006, as the investment advisor of Ramius
Master, Ramius Advisors may be deemed the beneficial owner of 340,732 Shares
owned by Ramius Master.
Percentage: Approximately 2.3%.
(b) 1. Sole power to vote or direct vote: 340,732
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 340,732
4. Shared power to dispose or direct the disposition: 0
(c) Ramius Advisors did not enter into any transactions in the
Shares since the filing of Amendment No. 6 to Schedule 13D. The transactions in
the Shares since the filing of Amendment No. 6 to Schedule 13D on behalf of
Ramius Master are set forth in Schedule A and are incorporated herein by
reference.
H. Ramius Capital
(a) As of September 28, 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) 546,193 shares owned by Starboard, (ii)
219,567 Shares owned by Parche, (iii) 76,381 Shares owned by RCG Ambrose, (iv)
70,325 Shares owned by RCG Halifax and (v) 340,732 Shares owned by Ramius
Master.
Percentage: Approximately 8.6%.
(b) 1. Sole power to vote or direct vote: 1,253,198
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 1,253,198
4. Shared power to dispose or direct the disposition: 0
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CUSIP No. 78709Y105 13D Page 18 of 23 Pages
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(c) Ramius Capital did not enter into any transactions in the
Shares since the filing of Amendment No. 6 to Schedule 13D. The transactions in
the Shares since the filing of Amendment No. 6 to Schedule 13D on 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 September 28, 2006, as the managing member of Ramius
Capital, C4S may be deemed the beneficial owner of (i) 546,193 Shares owned by
Starboard, (ii) 219,567 Shares owned by Parche, (iii) 76,381 Shares owned by RCG
Ambrose, (iv) 70,325 Shares owned by RCG Halifax, and (v) 340,732 Shares owned
by Ramius Master.
Percentage: Approximately 8.6%.
(b) 1. Sole power to vote or direct vote: 1,253,198
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 1,253,198
4. Shared power to dispose or direct the disposition: 0
(c) C4S did not enter into any transactions in the Shares since
the filing of Amendment No. 6 to Schedule 13D. The transactions in the Shares
since the filing of Amendment No. 6 to Schedule 13D 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 September 28, 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) 546,193 Shares owned by Starboard, (ii) 219,567 Shares
owned by Parche, (iii) 76,381 Shares owned by RCG Ambrose, (iv) 70,325 Shares
owned by RCG Halifax and (v) 340,732 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 8.6%.
(b) 1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 1,253,198
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 1,253,198
(c) None of Mr. Cohen, Mr. Stark, Mr. Strauss or Mr. Solomon has
entered into any transactions in the Shares since the filing of Amendment No. 6
to Schedule 13D. The transactions in the Shares since the filing of Amendment
No. 6 to Schedule 13D on behalf of Starboard, Parche, RCG Ambrose, RCG Halifax
and Ramius Master are set forth in Schedule A and are incorporated by reference.
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CUSIP No. 78709Y105 13D Page 19 of 23 Pages
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(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.
(e) Not applicable.
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CUSIP No. 78709Y105 13D Page 20 of 23 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: September 29, 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 for Peter A.
Title: Managing Member Cohen, Morgan B. Stark and Thomas W. Strauss
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CUSIP No. 78709Y105 13D Page 21 of 23 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
-------------------------
Name: Jeffrey M. Solomon
Title: Authorized Signatory By: /s/ Jeffrey M. Solomon
------------------------------------
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 23 Pages
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SCHEDULE A
TRANSACTIONS IN THE SHARES SINCE THE FILING OF AMENDMENT NO. 6 TO SCHEDULE 13D
Shares of Common Stock Price Per Date of
Sold Share($) Purchase/sale
---- -------- -------------
STARBOARD VALUE AND OPPORTUNITY MASTER FUND LTD.
4,902 33.3670 9/18/06
21,792 32.5425 9/19/06
949 33.5985 9/19/06
2,153 33.4107 9/20/06
9,840 33.4212 9/21/06
7,829 31.8218 9/25/06
8,467 32.3545 9/26/06
6,438 32.2942 9/27/06
8,717 32.5000 9/28/06
6,538 33.1971 9/28/06
PARCHE, LLC
1,971 33.3670 9/18/06
8,760 32.5425 9/19/06
381 33.5985 9/19/06
865 33.4107 9/20/06
3,956 33.4212 9/21/06
3,147 31.8218 9/25/06
3,404 32.3545 9/26/06
2,588 32.2942 9/27/06
1,660 32.5000 9/28/06
1,844 32.5000 9/28/06
1,245 33.1971 9/28/06
1,383 33.1971 9/28/06
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CUSIP No. 78709Y105 13D Page 23 of 23 Pages
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RCG AMBROSE MASTER FUND, LTD.
686 33.3670 9/18/06
3,047 32.5425 9/19/06
133 33.5985 9/19/06
301 33.4107 9/20/06
1,376 33.4212 9/21/06
1,095 31.8218 9/25/06
1,184 32.3545 9/26/06
900 32.2942 9/27/06
1,219 32.5000 9/28/06
914 33.1971 9/28/06
RCG HALIFAX FUND, LTD.
631 33.3670 9/18/06
2,806 32.5425 9/19/06
122 33.5985 9/19/06
277 33.4107 9/20/06
1,267 33.4212 9/21/06
1,007 31.8218 9/25/06
1,091 32.3545 9/26/06
829 32.2942 9/27/06
1,122 32.5000 9/28/06
842 33.1971 9/28/06
RAMIUS MASTER FUND, LTD
3,058 33.3670 9/18/06
13,595 32.5425 9/19/06
592 33.5985 9/19/06
1,343 33.4107 9/20/06
6,138 33.4212 9/21/06
4,884 31.8218 9/25/06
5,282 32.3545 9/26/06
4,016 32.2942 9/27/06
5,438 32.5000 9/28/06
4,078 33.1971 9/28/06