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. 8)(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)
October 11, 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 468,461
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
468,461
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
468,461
--------------------------------------------------------------------------------
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 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 188,319
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
188,319
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
188,319
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.3%
--------------------------------------------------------------------------------
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 65,511
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
65,511
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
65,511
--------------------------------------------------------------------------------
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 60,315
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
60,315
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
60,315
--------------------------------------------------------------------------------
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 292,238
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
292,238
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
292,238
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.0%
--------------------------------------------------------------------------------
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 656,780
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
656,780
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
656,780
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.5%
--------------------------------------------------------------------------------
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 292,238
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
292,238
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
292,238
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.0%
--------------------------------------------------------------------------------
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 1,074,844
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,074,844
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,074,844
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.3%
--------------------------------------------------------------------------------
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 1,074,844
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,074,844
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,074,844
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.3%
--------------------------------------------------------------------------------
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 1,074,844
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,074,844
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,074,844
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.3%
--------------------------------------------------------------------------------
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 1,074,844
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,074,844
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,074,844
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.3%
--------------------------------------------------------------------------------
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 1,074,844
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,074,844
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,074,844
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.3%
--------------------------------------------------------------------------------
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 1,074,844
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,074,844
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,074,844
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.3%
--------------------------------------------------------------------------------
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. 8 ("Amendment No. 8")
to the Schedule 13D filed by the undersigned. This Amendment No. 8 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 1,074,844 Shares beneficially owned in the
aggregate by all of the Reporting Persons is approximately $28,620,085.00,
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 October 12, 2006, Starboard beneficially owned
468,461 Shares.
Percentage: Approximately 3.2%.
(b) 1. Sole power to vote or direct vote: 468,461
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 468,461
4. Shared power to dispose or direct the disposition: 0
(c) The transactions by Starboard in the Shares since the
filing of Amendment No. 7 to Schedule 13D are set forth in Schedule A and are
incorporated by reference.
B. Parche
(a) As of October 12, 2006, Parche beneficially owned 188,319
Shares.
Percentage: Approximately 1.7%.
(b) 1. Sole power to vote or direct vote: 188,319
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 188,319
4. Shared power to dispose or direct the disposition: 0
(c) The transactions by Parche in the Shares since the filing
of Amendment No. 7 to Schedule 13D are set forth in Schedule A and are
incorporated by reference.
---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 16 of 24 Pages
---------------------- ----------------------
C. RCG Ambrose
(a) As of October 12, RCG Ambrose beneficially owned 65,511
Shares.
Percentage: Less than 1%.
(b) 1. Sole power to vote or direct vote: 65,511
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 65,511
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. 7 to Schedule 13D are set forth in Schedule A and are
incorporated by reference.
D. RCG Halifax
(a) As of October 12, 2006, RCG Halifax beneficially owned
60,315 Shares.
Percentage: Less than 1%.
(b) 1. Sole power to vote or direct vote: 60,315
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 60,315
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. 7 to Schedule 13D are set forth in Schedule A and are
incorporated by reference.
E . Ramius Master
(a) As of October 12, 2006, Ramius Master beneficially owned
292,238 Shares.
Percentage: Approximately 2.0%.
(b) 1. Sole power to vote or direct vote: 292,238
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 292,238
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. 7 to Schedule 13D are set forth in Schedule A and are
incorporated by reference.
F. Admiral Advisors
(a) As of October 12, 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 24 Pages
---------------------- ----------------------
beneficial owner of (i) 468,461 Shares owned by Starboard and (ii) 188,319
Shares owned by Parche.
Percentage: Approximately 4.5%.
(b) 1. Sole power to vote or direct vote: 656,780
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 656,780
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. 7 to Schedule 13D. The transactions
in the Shares since the filing of Amendment No. 7 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 October 12, 2006, as the investment advisor of
Ramius Master, Ramius Advisors may be deemed the beneficial owner of 292,238
Shares owned by Ramius Master.
Percentage: Approximately 2.0%.
(b) 1. Sole power to vote or direct vote: 292,238
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 292,238
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. 7 to Schedule 13D. The transactions in
the Shares since the filing of Amendment No. 7 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 October 12, 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) 468,461 shares owned by Starboard, (ii)
188,319 Shares owned by Parche, (iii) 65,511 Shares owned by RCG Ambrose, (iv)
60,315 Shares owned by RCG Halifax and (v) 292,238 Shares owned by Ramius
Master.
Percentage: Approximately 7.3%.
(b) 1. Sole power to vote or direct vote: 1,074,844
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 1,074,844
4. Shared power to dispose or direct the disposition: 0
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CUSIP No. 78709Y105 13D Page 18 of 24 Pages
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(c) Ramius Capital did not enter into any transactions in the
Shares since the filing of Amendment No. 7 to Schedule 13D. The transactions in
the Shares since the filing of Amendment No. 7 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 October 12, 2006, as the managing member of Ramius
Capital, C4S may be deemed the beneficial owner of (i) 468,461 Shares owned by
Starboard, (ii) 188,319 Shares owned by Parche, (iii) 65,511 Shares owned by RCG
Ambrose, (iv) 60,315 Shares owned by RCG Halifax, and (v) 292,238 Shares owned
by Ramius Master.
Percentage: Approximately 7.3%.
(b) 1. Sole power to vote or direct vote: 1,074,844
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 1,074,844
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. 7 to Schedule 13D. The transactions in the
Shares since the filing of Amendment No. 7 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 October 12, 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) 468,461 Shares owned by Starboard, (ii) 188,319 Shares
owned by Parche, (iii) 65,511 Shares owned by RCG Ambrose, (iv) 60,315 Shares
owned by RCG Halifax and (v) 292,238 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 7.3%.
(b) 1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 1,074,844
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 1,074,844
(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. 7 to Schedule 13D. The transactions in the Shares since the filing of
Amendment No. 7 to Schedule 13D on behalf of Starboard, Parche, RCG Ambrose, RCG
---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 19 of 24 Pages
---------------------- ----------------------
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.
(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: October 13, 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/ Title: Authorized Signatory
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 SINCE THE FILING OF AMENDMENT NO. 7 TO SCHEDULE 13D
Shares of Common Stock Price Per Date of
Bought / (Sold) Share($) Purchase/sale
---------------------- --------- -------------
STARBOARD VALUE AND OPPORTUNITY MASTER FUND LTD.
(2,223) 32.9107 9/29/06
(2,224) 31.6514 10/04/06
(4,358) 31.9650 10/05/06
(6,879) 32.3750 10/05/06
(13,075) 32.7850 10/06/06
(14,148) 33.1031 10/09/06
(11,558) 34.1231 10/10/06
3,567 34.1950 10/10/06
(17,434) 33.3675 10/11/06
(2,650) 34.0055 10/11/06
(6,750) 34.6463 10/12/06
PARCHE, LLC
(423) 32.9107 9/29/06
(470) 32.9107 9/29/06
(424) 31.6514 10/04/06
(471) 31.6514 10/04/06
(830) 31.9650 10/05/06
(1,310) 32.3750 10/05/06
(922) 31.9650 10/05/06
(1,455) 32.3750 10/05/06
(2,490) 32.7850 10/06/06
(2,766) 32.7850 10/06/06
(2,694) 33.1031 10/09/06
(2,993) 33.1031 10/09/06
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CUSIP No. 78709Y105 13D Page 23 of 24 Pages
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(2,201) 34.1231 10/10/06
679 34.1950 10/10/06
(2,445) 34.1231 10/10/06
755 34.1950 10/10/06
(3,320) 33.3675 10/11/06
(3,688) 33.3675 10/11/06
(505) 34.0055 10/11/06
(561) 34.0055 10/11/06
(1,286) 34.6463 10/12/06
(1,428) 34.6463 10/12/06
RCG AMBROSE MASTER FUND, LTD.
(311) 32.9107 9/29/06
(311) 31.6514 10/04/06
(962) 32.3750 10/05/06
(609) 31.9650 10/05/06
(1,828) 32.7850 10/06/06
(1,979) 33.1031 10/09/06
499 34.1950 10/10/06
(1,616) 34.1231 10/10/06
(2,438) 33.3675 10/11/06
(371) 34.0055 10/11/06
(944) 34.6463 10/12/06
RCG HALIFAX FUND, LTD.
(286) 32.9107 9/29/06
(286) 31.6514 10/04/06
(886) 32.3750 10/05/06
(562) 31.9650 10/05/06
(1,684) 32.7850 10/06/06
(1,822) 33.1031 10/09/06
459 34.1950 10/10/06
(1,489) 34.1231 10/10/06
(2,244) 33.3675 10/11/06
(340) 34.0055 10/11/06
(870) 34.6463 10/12/06
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CUSIP No. 78709Y105 13D Page 24 of 24 Pages
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RAMIUS MASTER FUND, LTD
(1,387) 32.9107 9/29/06
(1,388) 31.6514 10/04/06
(4,292) 32.3750 10/05/06
(2,719) 31.9650 10/05/06
(8,157) 32.7850 10/06/06
(8,826) 33.1031 10/09/06
2,225 34.1950 10/10/06
(7,210) 34.1231 10/10/06
(10,876) 33.3675 10/11/06
(1,653) 34.0055 10/11/06
(4,211) 34.6463 10/12/06