UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
TechTeam Global, Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $0.01 par value
--------------------------------------------------------------------------------
(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)
March 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 10 Pages
SCHEDULE 13D
------------------------ -------------------
CUSIP No. 878311 10 9 Page 2 of 10 Pages
------------------------ -------------------
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON: Seth W. Hamot
--------------------------------------------------------------------------------
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 873,943
SHARES ---------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY -0-
EACH ---------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 873,943
WITH ---------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
873,943
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.8%(1)
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
IN, HC
--------------------------------------------------------------------------------
(1) The percentage ownership is based upon 9,926,427 issued and outstanding
shares as reported by the Issuer in its filing on Form 10-Q for the quarter
ended September 30, 2005.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 10 Pages
SCHEDULE 13D
------------------------ -------------------
CUSIP No. 878311 10 9 Page 3 of 10 Pages
------------------------ -------------------
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 873,943
SHARES ---------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY -0-
EACH ---------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 873,943
WITH ---------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
873,943
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.8%(1)
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
(1) The percentage ownership is based upon 9,926,427 issued and outstanding
shares as reported by the Issuer in its filing on Form 10-Q for the quarter
ended September 30, 2005.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 10 Pages
SCHEDULE 13D
------------------------ -------------------
CUSIP No. 878311 10 9 Page 4 of 10 Pages
------------------------ -------------------
--------------------------------------------------------------------------------
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 873,943
SHARES ---------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY -0-
EACH ---------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 873,943
WITH ---------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
873,943
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.8%(1)
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
OO - Other
--------------------------------------------------------------------------------
(1) The percentage ownership is based upon 9,926,427 issued and outstanding
shares as reported by the Issuer in its filing on Form 10-Q for the quarter
ended September 30, 2005.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 10 Pages
SCHEDULE 13D
------------------------ -------------------
CUSIP No. 878311 10 9 Page 5 of 10 Pages
------------------------ -------------------
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON: Andrew R. Siegel
--------------------------------------------------------------------------------
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 873,943
SHARES ---------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY -0-
EACH ---------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 873,943
WITH ---------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
873,943
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.8%(1)
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
IN, HC
--------------------------------------------------------------------------------
(1) The percentage ownership is based upon 9,926,427 issued and outstanding
shares as reported by the Issuer in its filing on Form 10-Q for the quarter
ended September 30, 2005.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 10 Pages
SCHEDULE 13D
------------------------ -------------------
CUSIP No. 878311 10 9 Page 6 of 10 Pages
------------------------ -------------------
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON: James A. Lynch
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
. (a) [ ]
(b) [X]
--------------------------------------------------------------------------------
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 9,926,427 issued and outstanding
shares as reported by the Issuer in its filing on Form 10-Q for the quarter
ended September 30, 2005.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 10 Pages
AMENDMENT NO. 4 TO SCHEDULE 13D
-------------------------------
TechTeam Global, Inc.
This amendment ("Amendment No. 4") 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 and Amendment 3 filed February 24,
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 February 24, 2006, Costa Brava delivered to the Issuer a demand for
the Issuer's list of stockholders and certain other books and records. A copy of
this letter is filed as Exhibit 99.3 and incorporated herein by reference. The
Issuer failed to respond to Costa Brava's demand letter within five business
days of delivery. On March 8, 2006, Costa Brava filed a complaint against the
Issuer in the Court of Chancery of the State of Delaware, seeking an order to
compel the Issuer to make the Issuer's list of stockholders and certain other
books and records available for inspection and copying by Costa Brava pursuant
to 8 Del. C. ss. 220 ("Section 220"). A copy of the complaint is filed as
Exhibit 99.4 hereto and incorporated herein by reference.
On March 9, 2006, Costa Brava sent the Issuer a supplemental letter
updating information contained in the notice of Costa Brava's intention to
propose the nomination of a slate of directors at the 2006 annual meeting of the
Issuer's stockholders. The original notice was delivered to the Issuer on
February 23, 2006. A copy of the supplemental letter is filed as Exhibit 99.5
hereto and incorporated herein by reference.
SHAREHOLDERS ARE ADVISED TO READ THE PROXY STATEMENT AND OTHER
DOCUMENTS RELATED TO SOLICITATION OF PROXIES BY THE FILERS FROM THE STOCKHOLDERS
OF TECHTEAM GLOBAL, INC. FOR USE AT ITS ANNUAL MEETING (A) WHEN AND IF THEY
BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION, INCLUDING
INFORMATION RELATING TO THE PARTICIPANTS IN ANY SUCH PROXY SOLICITATION, AND (B)
WHEN AND IF COMPLETED, A DEFINITIVE PROXY STATEMENT AND A FORM OF PROXY WHICH
WILL BE MAILED TO SHAREHOLDERS OF TECHTEAM GLOBAL, INC. AND WILL BE AVAILABLE AT
NO CHARGE AT THE SECURITIES AND EXCHANGE COMMISSION'S WEBSITE AT
http://www.sec.gov.
The Filers have no current plans to seek or propose, but may in the
future consider, after the results of conversions with the Issuer's management
and directors are known, 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 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.*
Page 7 of 10 Pages
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.
* Filed with an earlier version of this Schedule 13D.
Page 8 of 10 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: March 9, 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 10 Pages
EXHIBIT INDEX
-------------
The following documents are filed herewith or incorporated by reference
Exhibit/Description Page
(Exhibit A) Agreement Regarding the Exhibit A to Schedule 13D filed
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 the Exhibit A to the Amendment on
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 the Exhibit A to the Amendment of
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 24,
2006. 2006.
(Exhibit 3) First Amended Complaint Exhibit 3 to the Amendment of
filed by Costa Brava Partnership Schedule 13D filed on February 24,
III, L.P. in the Court of Chancery 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 24,
L.P. to the Issuer dated February 2006.
24, 2006.
(Exhibit 99.2) Agreement Regarding Exhibit 99.2 hereto.
the Joint Filing of Schedule 13D.
(Exhibit 99.3) Demand Letter from Exhibit 99.3 hereto.
Costa Brava Partnership III, L.P. to
the Issuer dated February 24, 2006.
(Exhibit 99.4) Complaint filed by Exhibit 99.4 hereto;
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 Exhibit 99.5 hereto.
from Costa Brava Partnership III,
L.P. to the Issuer dated March 9,
2006.
Page 10 of 10 Pages
Exhibit 99.2
------------
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: March 9, 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