UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
TechTeam Global, Inc.
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(Name of Issuer)
Common Stock, $0.01 par value
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(Title of Class of Securities)
878311 10 9
--------------
(CUSIP Number)
COPY TO:
Seth W. Hamot David A. Fine, Esq.
Roark, Rearden & Hamot, LLC Ropes & Gray LLP
420 Boylston Street One International Place
Boston, MA 02116 Boston, MA 02110
(617) 595-4400 (617) 951-7473
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
May 8, 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 which 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.
*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 ("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).
Page 1 of 11 Pages
SCHEDULE 13D
---------------------- --------------------
CUSIP No. 878311 10 9 Page 2 of 11 Pages
---------------------- --------------------
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1. NAME OF REPORTING PERSON:
Seth W. Hamot
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
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3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS*
WC
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e)
[ ]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
A United States Citizen
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 912,545
SHARES ----------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY -0-
EACH ----------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 912,545
WITH ----------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
912,545
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.1%(1)
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
IN, HC
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(1) The percentage ownership is based upon 10,029,204 issued and outstanding
shares as reported by the Issuer in its filing on Form 10-K for the fiscal
year ended December 31, 2005.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 11 Pages
SCHEDULE 13D
---------------------- --------------------
CUSIP No. 878311 10 9 Page 3 of 11 Pages
---------------------- --------------------
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1. NAME OF REPORTING PERSON: Costa Brava Partnership III L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 04-3387028
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS*
WC
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e)
[ ]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
A Delaware Limited Partnership
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7. SOLE VOTING POWER
NUMBER OF 912,545
SHARES ----------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY -0-
EACH ----------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 912,545
WITH ----------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
912,545
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.1%(1)
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
(1) The percentage ownership is based upon 10,029,204 issued and outstanding
shares as reported by the Issuer in its filing on Form 10-K for the fiscal
year ended December 31, 2005.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 11 Pages
SCHEDULE 13D
---------------------- --------------------
CUSIP No. 878311 10 9 Page 4 of 11 Pages
---------------------- --------------------
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1. NAME OF REPORTING PERSON: Roark, Rearden & Hamot, LLC
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 10-0000708
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS*
WC
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e)
[ ]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
A Delaware Limited Partnership
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 912,545
SHARES ----------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY -0-
EACH ----------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 912,545
WITH ----------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
912,545
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.1%(1)
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
OO - Other
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(1) The percentage ownership is based upon 10,029,204 issued and outstanding
shares as reported by the Issuer in its filing on Form 10-K for the fiscal
year ended December 31, 2005.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 11 Pages
SCHEDULE 13D
---------------------- --------------------
CUSIP No. 878311 10 9 Page 5 of 11 Pages
---------------------- --------------------
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1. NAME OF REPORTING PERSON:
Andrew R. Siegel
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS*
WC
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e)
[ ]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
A United States Citizen
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 912,545
SHARES ----------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY -0-
EACH ----------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 912,545
WITH ----------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
912,545
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.1%(1)
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
IN, HC
--------------------------------------------------------------------------------
(1) The percentage ownership is based upon 10,029,204 issued and outstanding
shares as reported by the Issuer in its filing on Form 10-K for the fiscal
year ended December 31, 2005.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 11 Pages
SCHEDULE 13D
---------------------- --------------------
CUSIP No. 878311 10 9 Page 6 of 11 Pages
---------------------- --------------------
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1. NAME OF REPORTING PERSON:
James A. Lynch
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
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3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS*
PF
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e)
[ ]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
A United States Citizen
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 5,000
SHARES ----------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY -0-
EACH ----------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 5,000
WITH ----------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,000
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.05%(1)
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
(1) The percentage ownership is based upon 10,029,204 issued and outstanding
shares as reported by the Issuer in its filing on Form 10-K for the fiscal
year ended December 31, 2005.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 11 Pages
AMENDMENT NO. 5 TO SCHEDULE 13D
-------------------------------
TechTeam Global, Inc.
This amendment ("Amendment No. 5") amends the Schedule 13D previously
filed on December 16, 2005, as amended by Amendment No. 1 filed on December 20,
2005, Amendment No. 2 filed January 9, 2006, Amendment 3 filed February 24, 2006
and Amendment No. 4 filed on March 9, 2006, by Costa Brava Partnership III L.P.
("Costa Brava"), Roark, Rearden & Hamot, LLC, Seth W. Hamot, Andrew R. Siegel
and James A. Lynch with the Securities and Exchange Commission with respect to
the shares of common stock, $0.01 par value (the "Common Stock"), of TechTeam
Global, Inc., a Delaware corporation (the "Issuer"). Each of the parties listed
in the immediately preceding sentence is referred to individually as a "Filer"
and collectively as the Filers.
Item 4. Purpose of Transaction.
----------------------
This Item 4 is hereby amended by adding the following:
On May 4, 2006, the Issuer entered into a Settlement Agreement with
Costa Brava ("Settlement Agreement"), resolving the contest between the slate of
nominees proposed by the Issuer and the slate of nominees proposed by Costa
Brava (the "Proxy Contest").
Under the terms of the Settlement Agreement, Costa Brava agreed to
withdraw its slate of nominees, and the Company agreed to nominate the following
individuals to stand for election at the Company's Annual Meeting on June 14,
2006 ("Annual Meeting"): William C. Brown, the Company's President and Chief
Executive Officer, General John P. Jumper (USAF Ret.), James A. Lynch, Alok
Mohan, Andrew R. Siegel, Kent Heyman, Richard R. Widgren and James G. Roche.
Messrs. Lynch, Mohan, Siegel and Heyman were candidates on the Costa Brava slate
of nominees it announced on February 23, 2006.
Further, the Settlement Agreement also provides that 1) the Issuer will
reimburse Costa Brava up to $700,000 for their expenses incurred as a result of
the Proxy Contest and its request for the production of the Issuer's books and
records; 2) Mr. Mohan will serve as the Chairman of the Issuer from June 14,
2006 through the first meeting of the Board of Directors after January 1, 2007,
at which point, the Board of Directors will again elect a chairman; 3) Costa
Brava will stay its pending litigation until the Annual Meeting has been held,
and dismiss it thereafter; and 4) Costa Brava and the Issuer provide a general
release against claims resulting from or arising out of the Proxy Contest.
The Filers have no current plans to seek or propose, but may in the
future consider, other alternatives for their investment in the Issuer. The
Filers further reserves the right to increase, decrease or eliminate their
investment in the Issuer or take any other action relative thereto.
Item 5. Interest in Securities of the Issuer.
------------------------------------
(a) Costa Brava, Roark, Rearden & Hamot, LLC, Mr. Hamot and Mr. Siegel
are the beneficial owners of 912,545 shares of Common Stock (approximately 9.1%
of the shares of Common Stock outstanding as reported in the Issuer's filing on
Form 10-K for the fiscal year ended December 31, 2005). Mr. Lynch is the
beneficial owner of 5,000 shares of Common Stock (approximately 0.05% of the
shares of Common Stock outstanding as reported in the Issuer's filing on Form
10-K for the fiscal year ended December 31, 2005).
(b) Costa Brava, Roark, Rearden & Hamot, LLC, Mr. Hamot and Mr. Siegel
have the sole power to vote and sole power to dispose of 912,545 shares of
Common Stock. Mr. Lynch has the sole power to vote and sole power to dispose of
5,000 shares of Common Stock.
Page 7 of 11 Pages
(c) During the past 60 days, Costa Brava, Roark, Rearden & Hamot, LLC,
Mr. Hamot and Mr. Siegel have bought shares of Common Stock of the Issuer in a
series of open-market transactions on NASDAQ. The transaction dates, number of
shares bought and sold, prices per share and type of transaction during that
period are set forth on Exhibit 99.7 hereto. During the past 60 days, Mr. Lynch
has not purchased or sold shares of Common Stock of the Issuer.
Item 7. Material to be Filed as Exhibits.
--------------------------------
Exhibit A Agreement Regarding the Joint Filing of Schedule 13D.*
Exhibit B Information concerning the Filer's transactions for the
period from October 18, 2005 to December 16, 2005.*
Exhibit A Agreement Regarding the Joint Filing of Schedule 13D.*
Exhibit 99.1 Letter to Board of Directors.*
Exhibit A Agreement Regarding the Joint Filing of Schedule 13D.*
Exhibit 99.1 Letter to the Secretary of the Issuer dated January 9, 2006.*
Exhibit 1 Agreement Regarding the Joint Filing of Schedule 13D.*
Exhibit 2 Letter to the Secretary of the Issuer dated February 7, 2006.*
Exhibit 3 First Amended Complaint filed by Costa Brava Partnership III,
L.P. in the Court of Chancery of the State of Delaware against
TechTeam Global, Inc.*
Exhibit 4 Notification Letter from Costa Brava Partnership III, L.P. to the
Issuer dated February 24, 2006.*
Exhibit 99.2 Agreement Regarding the Joint Filing of Schedule 13D.*
Exhibit 99.3 Demand Letter from Costa Brava Partnership III, L.P. to the
Issuer dated February 24, 2006.*
Exhibit 99.4 Complaint filed by Costa Brava Partnership III, L.P. in the
Court of Chancery of the State of Delaware against TechTeam
Global, Inc.*
Exhibit 99.5 Supplemental Letter from Costa Brava Partnership III, L.P. to
the Issuer dated March 9, 2006.*
Exhibit 99.6 Agreement Regarding the Joint Filing of Schedule 13D.
Exhibit 99.7 Information concerning the Filers' transactions during for the
period from March 10, 2006 to May 10, 2006.
* Filed with an earlier version of this Schedule 13D.
Page 8 of 11 Pages
Signature
---------
After reasonable inquiry and to the best of its knowledge and belief,
the undersigned certifies that the information set forth in this statement is
true, complete and correct.
DATED: May 10, 2006
COSTA BRAVA PARTNERSHIP III, L.P.
By: Roark, Rearden & Hamot, LLC
its General Partner
By: /s/ SETH W. HAMOT
---------------------------------------
Seth W. Hamot
President
SETH W. HAMOT
By: /s/ SETH W. HAMOT
---------------------------------------
Seth W. Hamot
ROARK, REARDEN & HAMOT, LLC
By: /s/ SETH W. HAMOT
---------------------------------------
Seth W. Hamot
President
JAMES A. LYNCH
By: /s/ JAMES A. LYNCH
---------------------------------------
James A. Lynch
ANDREW R. SIEGEL
By: /s/ ANDREW R. SIEGEL
---------------------------------------
Andrew R. Siegel
Attention: Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001)
Page 9 of 11 Pages
EXHIBIT INDEX
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The following documents are filed herewith or incorporated by reference
--------------------------------------------------------------------------------
Exhibit/Description Page
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(Exhibit A) Agreement Regarding Exhibit A to Schedule 13D filed
the Joint Filing of Schedule 13D. on December 16, 2005.
--------------------------------------------------------------------------------
(Exhibit B) Information concerning Exhibit B to Schedule 13D filed
the Filer's transactions for the on December 16, 2005.
period from October 18, 2005 to
December 16, 2005.
--------------------------------------------------------------------------------
(Exhibit A) Agreement Regarding Exhibit A to the Amendment on
the Joint Filing of Schedule 13D. Schedule 13D filed on December
19, 2006.
--------------------------------------------------------------------------------
(Exhibit 99.1) Letter to Board of Exhibit 99.1 to the Amendment of
Directors. Schedule 13D filed on December
19, 2006.
--------------------------------------------------------------------------------
(Exhibit A) Agreement Regarding Exhibit A to the Amendment of
the Joint Filing of Schedule 13D. Schedule 13D filed on January 9,
2006.
--------------------------------------------------------------------------------
(Exhibit 99.1) Letter to the Exhibit 99.1 to the Amendment of
Secretary of the Issuer dated Schedule 13D filed on January 9,
January 9, 2006. 2006.
--------------------------------------------------------------------------------
(Exhibit 1) Agreement Regarding the Exhibit 1 to the Amendment of
Joint Filing of Schedule 13D. Schedule 13D filed on February
24, 2006.
--------------------------------------------------------------------------------
(Exhibit 2) Letter to the Secretary Exhibit 2 to the Amendment of
of the Issuer dated February 7, Schedule 13D filed on February
2006. 24, 2006.
--------------------------------------------------------------------------------
(Exhibit 3) First Amended Complaint Exhibit 3 to the Amendment of
filed by Costa Brava Partnership Schedule 13D filed on February
III, L.P. in the Court of Chancery 24, 2006.
of the State of Delaware against
TechTeam Global, Inc.
--------------------------------------------------------------------------------
(Exhibit 4) Notification Letter Exhibit 4 to the Amendment of
from Costa Brava Partnership III, Schedule 13D filed on February
L.P. to the Issuer dated February 24, 2006.
24, 2006.
--------------------------------------------------------------------------------
(Exhibit 99.2) Agreement Regarding Exhibit 99.2 to the Amendment of
the Joint Filing of Schedule 13D. Schedule 13D filed on March 9,
2006.
--------------------------------------------------------------------------------
(Exhibit 99.3) Demand Letter from Exhibit 99.3 to the Amendment of
Costa Brava Partnership III, L.P. to Schedule 13D filed on March 9,
the Issuer dated February 24, 2006. 2006.
--------------------------------------------------------------------------------
(Exhibit 99.4) Complaint filed by Exhibit 99.4 to the Amendment of
Costa Brava Partnership III, L.P. in Schedule 13D filed on March 9,
the Court of Chancery of the State 2006;
of Delaware against TechTeam Global,
Inc.
--------------------------------------------------------------------------------
(Exhibit 99.5) Supplemental Letter Exhibit 99.5 to the Amendment of
from Costa Brava Partnership III, Schedule 13D filed on March 9,
L.P. to the Issuer dated March 9, 2006.
2006.
--------------------------------------------------------------------------------
Page 10 of 11 Pages
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Exhibit/Description Page
--------------------------------------------------------------------------------
(Exhibit 99.6) Agreement Regarding Exhibit 99.6 hereto.
the Joint Filing of Schedule 13D.
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(Exhibit 99.7) Information Exhibit 99.7 hereto.
concerning the Filers' transactions
for the period from March 10, 2006
to May 10, 2006.
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Page 11 of 11
Exhibit 99.6
------------
AGREEMENT REGARDING
THE JOINT FILING OF SCHEDULE 13D
The undersigned hereby agree as follows:
(i) Each of them is individually eligible to use the Schedule 13D to which this
Exhibit is attached, and such Schedule 13D is filed on behalf of each of them;
and
(ii) Each of them is responsible for the timely filing of such Schedule 13D and
any amendments thereto, and for the completeness and accuracy of the information
concerning such person contained therein; but none of them is responsible for
the completeness or accuracy of the information concerning the other persons
making the filing, unless such person knows or has reason to believe that such
information is inaccurate.
Dated: May 10, 2006
COSTA BRAVA PARTNERSHIP III L.P.
By: Roark, Rearden & Hamot, LLC,
its General Partner
By: /s/ SETH W. HAMOT
---------------------------------------
Seth W. Hamot
President
SETH W. HAMOT
By: /s/ SETH W. HAMOT
---------------------------------------
Seth W. Hamot
ROARK, REARDEN & HAMOT, LLC
By: /s/ SETH W. HAMOT
---------------------------------------
Seth W. Hamot
President
JAMES A. LYNCH
By: /s/ JAMES A. LYNCH
---------------------------------------
James A. Lynch
ANDREW R. SIEGEL
By: /s/ ANDREW R. SIEGEL
---------------------------------------
Andrew R. Siegel
Exhibit 99.7
------------
FILERS' TRANSACTIONS FROM MARCH 10, 2006 to MAY 10, 2006
Transactions of Costa Brava, Roark, Rearden & Hamot, LLC, Mr. Hamot and
------------------------------------------------------------------------
Mr. Siegel
----------
Shares of Common
Stock Bought
Date of Transaction (Sold) Price Per Share Type of Transaction
--------------------------------------------------------------------------------
May 9, 2006 6,200 $10.07 Open Market Purchase
May 10, 2006 32,402 $10.31 Open Market Purchase
Transactions of Mr. Lynch
-------------------------
None