-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, L83nnv4yev1VgJ1CSnGDeSBPRdlRpdPmehhgP6HaCM3RwZ2W+o7y7EIRS1aSZxO2 WZPOClNT+7bYINxqRIGR/g== 0001058854-03-000201.txt : 20031210 0001058854-03-000201.hdr.sgml : 20031210 20031209191226 ACCESSION NUMBER: 0001058854-03-000201 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20031210 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GLOBAL POWER EQUIPMENT GROUP INC/ CENTRAL INDEX KEY: 0001136294 STANDARD INDUSTRIAL CLASSIFICATION: FABRICATED PLATE WORK (BOILER SHOPS) [3443] IRS NUMBER: 731541378 STATE OF INCORPORATION: DE FISCAL YEAR END: 1229 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-78023 FILM NUMBER: 031045748 BUSINESS ADDRESS: STREET 1: 6120 SOUTH YALE STREET 2: SUITE 1480 CITY: TULSA STATE: OK ZIP: 74136 BUSINESS PHONE: 9184880828 MAIL ADDRESS: STREET 1: 6120 SOUTH YALE STREET 2: SUITE 1480 CITY: TULSA STATE: OK ZIP: 74136 FORMER COMPANY: FORMER CONFORMED NAME: GEEG INC DATE OF NAME CHANGE: 20010306 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CANNELL CAPITAL LLC CENTRAL INDEX KEY: 0001058854 IRS NUMBER: 943366999 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 150 CALIFORNIA STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94111 BUSINESS PHONE: 4158358300 MAIL ADDRESS: STREET 1: 150 CALIFORNIA STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94111 FORMER COMPANY: FORMER CONFORMED NAME: CANNELL J CARLO DBA CANNELL CAPITAL MGMT DATE OF NAME CHANGE: 19980330 SC 13D 1 globalpower13d03-12.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 Global Power Equipment Group Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class Securities) 37941p108 ------------------------------------ (CUSIP Number) Mark R. Diamond Cannell Capital, LLC, 150 California Street, 5th Floor, San Francisco, CA 94111 (415) 835-8300 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 5, 2003 - -------------------------------------------------------------------------------- (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 ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-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 ss.240.13d-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 the disclosure provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a current valid OMB control number. CUSIP No. 37941p108 1. Name of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Cannell Capital, LLC 94-3366999 - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X]................................................................. ------------------------------------------------------------------ (b) ................................................................. ------------------------------------------------------------------ - -------------------------------------------------------------------------------- 3. SEC Use Only.......................................................... ----------------------------------------------------------- - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) OO................................. ------------------------------------ - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or 2(e)................................................................ ----------------------------------------------------------------- - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization California................... --------------------------------- - -------------------------------------------------------------------------------- Number of 7. Sole Voting Power 0............................... ---------------------------------------- Shares Beneficially Owned by Each Reporting Person With: ------------------------------------------------------------------- - ------------------------------------------------------------------------------- 8. Shared Voting Power 4,758,600........................ -------------------------------------- ------------------------------------------------------------------- - ------------------------------------------------------------------------------- 9. Sole Dispositive Power 0............................ ----------------------------------- ------------------------------------------------------------------- - ------------------------------------------------------------------------------- 10. Shared Dispositive Power 4,758,600..................... ---------------------------------- ------------------------------------------------------------------- - -------------------------------------------------------------------------------- 11.Aggregate Amount Beneficially Owned by Each Reporting Person 4,758,600 ------------ 12.Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13.............Percent of Class Represented by Amount in Row (11) 10.6% --------- - -------------------------------------------------------------------------------- 14............................Type of Reporting Person (See Instructions) - -------------------------------------------------------------------------------- IA....................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- CUSIP No. 37941p108 1. Name of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). J. Carlo Cannell - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X]................................................................. ------------------------------------------------------------------ (b) ................................................................. ------------------------------------------------------------------ - -------------------------------------------------------------------------------- 3. SEC Use Only.......................................................... ----------------------------------------------------------- - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) OO................................. ------------------------------------ - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or 2(e)................................................................ ----------------------------------------------------------------- - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization USA.......................... --------------------------------- - -------------------------------------------------------------------------------- Number of 7. Sole Voting Power 0 .............................. ---------------------------------------- Shares Beneficially Owned by Each Reporting Person With: ------------------------------------------------------------------- - ------------------------------------------------------------------------------- 8. Shared Voting Power 4,758,600........................ -------------------------------------- ------------------------------------------------------------------- - ------------------------------------------------------------------------------- 9. Sole Dispositive Power 0............................ ----------------------------------- ------------------------------------------------------------------- - ------------------------------------------------------------------------------- 10. Shared Dispositive Power 4,758,600..................... ---------------------------------- ------------------------------------------------------------------- - -------------------------------------------------------------------------------- 11.Aggregate Amount Beneficially Owned by Each Reporting Person 4,758,600 ------------ 12.Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13.............Percent of Class Represented by Amount in Row (11) 10.6% --------- - -------------------------------------------------------------------------------- 14............................Type of Reporting Person (See Instructions) - -------------------------------------------------------------------------------- IN/HC.................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- CUSIP No. 37941p108 1. Name of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). The Cuttyhunk Fund Limited - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X]................................................................. ------------------------------------------------------------------ (b) ................................................................. ------------------------------------------------------------------ - -------------------------------------------------------------------------------- 3. SEC Use Only.......................................................... ----------------------------------------------------------- - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) WC................................. ------------------------------------ - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or 2(e)................................................................ ----------------------------------------------------------------- - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Bermuda...................... --------------------------------- - -------------------------------------------------------------------------------- Number of 7. Sole Voting Power 0 ............................. ---------------------------------------- Shares Beneficially Owned by Each Reporting Person With: ------------------------------------------------------------------- - ------------------------------------------------------------------------------- 8. Shared Voting Power 1,117,189........................ -------------------------------------- ------------------------------------------------------------------- - ------------------------------------------------------------------------------- 9. Sole Dispositive Power 0 ............................ ----------------------------------- ------------------------------------------------------------------- - ------------------------------------------------------------------------------- 10. Shared Dispositive Power 1,117,189..................... ---------------------------------- ------------------------------------------------------------------- - -------------------------------------------------------------------------------- 11.Aggregate Amount Beneficially Owned by Each Reporting Person 1,117,189 ------------ 12.Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13.............Percent of Class Represented by Amount in Row (11) 2.5% --------- - -------------------------------------------------------------------------------- 14............................Type of Reporting Person (See Instructions) - -------------------------------------------------------------------------------- CO....................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- CUSIP No. 37941p108 1. Name of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). The Anegada Fund Limited - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X]................................................................. ------------------------------------------------------------------ (b) ................................................................. ------------------------------------------------------------------ - -------------------------------------------------------------------------------- 3. SEC Use Only.......................................................... ----------------------------------------------------------- - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) WC................................. ------------------------------------ - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or 2(e)................................................................ ----------------------------------------------------------------- - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Cayman Islands............... --------------------------------- - -------------------------------------------------------------------------------- Number of 7. Sole Voting Power 0 .............................. ---------------------------------------- Shares Beneficially Owned by Each Reporting Person With: ------------------------------------------------------------------- - ------------------------------------------------------------------------------- 8. Shared Voting Power 1,146,511....................... -------------------------------------- ------------------------------------------------------------------- - ------------------------------------------------------------------------------- 9. Sole Dispositive Power 0 ............................ ----------------------------------- ------------------------------------------------------------------- - ------------------------------------------------------------------------------- 10. Shared Dispositive Power 1,146,511..................... ---------------------------------- ------------------------------------------------------------------- - -------------------------------------------------------------------------------- 11.Aggregate Amount Beneficially Owned by Each Reporting Person 1,146,511 ----------- 12.Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13.............Percent of Class Represented by Amount in Row (11) 2.6% --------- - -------------------------------------------------------------------------------- 14............................Type of Reporting Person (See Instructions) - -------------------------------------------------------------------------------- CO....................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- CUSIP No. 37941p108 1. Name of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). GS Cannell, LLC 98-0232642 - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X]................................................................. ------------------------------------------------------------------ (b) ................................................................. ------------------------------------------------------------------ - -------------------------------------------------------------------------------- 3. SEC Use Only.......................................................... ----------------------------------------------------------- - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) WC................................. ------------------------------------ - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or 2(e)................................................................ ----------------------------------------------------------------- - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Delaware..................... --------------------------------- - -------------------------------------------------------------------------------- Number of 7. Sole Voting Power 0............................... ---------------------------------------- Shares Beneficially Owned by Each Reporting Person With: ------------------------------------------------------------------- - ------------------------------------------------------------------------------- 8. Shared Voting Power 448,300......................... -------------------------------------- ------------------------------------------------------------------- - ------------------------------------------------------------------------------- 9. Sole Dispositive Power 0 ............................ ----------------------------------- ------------------------------------------------------------------- - ------------------------------------------------------------------------------- 10. Shared Dispositive Power 448,300......................... ---------------------------------- ------------------------------------------------------------------- - -------------------------------------------------------------------------------- 11.Aggregate Amount Beneficially Owned by Each Reporting Person 448,300 ----------- 12.Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13.............Percent of Class Represented by Amount in Row (11) 1.0% --------- - -------------------------------------------------------------------------------- 14............................Type of Reporting Person (See Instructions) - -------------------------------------------------------------------------------- OO....................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- CUSIP No. 37941p108 1. Name of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Tonga Partners, L.P. 94-3164039 - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X]................................................................. ------------------------------------------------------------------ (b) ................................................................. ------------------------------------------------------------------ - -------------------------------------------------------------------------------- 3. SEC Use Only.......................................................... ----------------------------------------------------------- - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) WC................................. ------------------------------------ - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or 2(e)................................................................ ----------------------------------------------------------------- - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Delaware..................... --------------------------------- - -------------------------------------------------------------------------------- Number of 7. Sole Voting Power 0 ............................. ---------------------------------------- Shares Beneficially Owned by Each Reporting Person With: ------------------------------------------------------------------- - ------------------------------------------------------------------------------- 8. Shared Voting Power 1,812,900.................... -------------------------------------- ------------------------------------------------------------------- - ------------------------------------------------------------------------------- 9. Sole Dispositive Power 0............................ ----------------------------------- ------------------------------------------------------------------- - ------------------------------------------------------------------------------- 10. Shared Dispositive Power 1,812,900..................... ---------------------------------- ------------------------------------------------------------------- - -------------------------------------------------------------------------------- 11.Aggregate Amount Beneficially Owned by Each Reporting Person 1,812,900 ------------ 12.Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13.............Percent of Class Represented by Amount in Row (11) 4.0% --------- - -------------------------------------------------------------------------------- 14............................Type of Reporting Person (See Instructions) - -------------------------------------------------------------------------------- PN....................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- CUSIP No. 37941p108 1. Name of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Pleiades Investment Partners, LP 23-2688812 - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X]................................................................. ------------------------------------------------------------------ (b) ................................................................. ------------------------------------------------------------------ - -------------------------------------------------------------------------------- 3. SEC Use Only.......................................................... ----------------------------------------------------------- - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) WC................................. ------------------------------------ - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or 2(e)................................................................ ----------------------------------------------------------------- - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Delaware..................... --------------------------------- - -------------------------------------------------------------------------------- Number of 7. Sole Voting Power 0 ............................. ---------------------------------------- Shares Beneficially Owned by Each Reporting Person With: ------------------------------------------------------------------- - ------------------------------------------------------------------------------- 8. Shared Voting Power 233,700.......................... -------------------------------------- ------------------------------------------------------------------- - ------------------------------------------------------------------------------- 9. Sole Dispositive Power 0............................ ----------------------------------- ------------------------------------------------------------------- - ------------------------------------------------------------------------------- 10. Shared Dispositive Power 233,700...................... ---------------------------------- ------------------------------------------------------------------- - -------------------------------------------------------------------------------- 11.Aggregate Amount Beneficially Owned by Each Reporting Person 233,700 ----------- 12.Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13.............Percent of Class Represented by Amount in Row (11) 0.5% --------- - -------------------------------------------------------------------------------- 14............................Type of Reporting Person (See Instructions) - -------------------------------------------------------------------------------- PN....................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- ......................................................................... - ----------------------------------------------------------------------------- Item 1 Security and Issuer This statement relates to Common Stock ("Common Stock"), issued by Global Power Equipment Group Inc., an Delaware Corporation. The address of the principal executive offices of Global Power Equipment Group Inc. is 6120 South Yale, Suite 1480, Tulsa, Oklahoma. Item 2 Identity and Background Name: Cannell Capital, LLC ("Adviser") Place of Organization: California Principal Business: Investment Adviser Address: 150 California Street, 5th Floor, San Francisco, CA 94111 Criminal Proceedings: None Applicable Civil, Judicial or Administrative Proceedings: None Name: The Cuttyhunk Fund Limited ("Cuttyhunk") Place of Organization: Bermuda Principal Business: Investment Address: 73 Front Street, Hamilton, Bermuda HM 12 Criminal Proceedings: None Applicable Civil, Judicial or Administrative Proceedings: None Name: The Anegada Fund Limited ("Anegada") Place of Organization: Cayman Islands Principal Business: Investment Address: c/o Bank of Butterfield International (Cayman) Ltd., 68 Fort Street, PO Box 705, George Town, Grand Cayman, Cayman Islands Criminal Proceedings: None Applicable Civil, Judicial or Administrative Proceedings: None Name: Tonga Partners, L.P. ("Tonga") Place of Organization: Delaware Principal Business: Investment Address: 150 California Street, 5th Floor, San Francisco, CA 94111 Criminal Proceedings: None Applicable Civil, Judicial or Administrative Proceedings: None Name: GS Cannell, LLC ("GSC") Place of Organization: Delaware Principal Business: Investment Address: 701 Mount Lucas Road, CN 850, Princeton, NJ 08542 Criminal Proceedings: None Applicable Civil, Judicial or Administrative Proceedings: None Name: Pleiades Investment Partners, LP ("Pleiades") Place of Organization: Delaware Principal Business: Investment Address: 6022 West Chester Pike, Newtown Square, PA 19073 Criminal Proceedings: None Applicable Civil, Judicial or Administrative Proceedings: None Name: J. Carlo Cannell Address: 150 California Street, 5th Floor, San Francisco, CA 94111 Criminal Proceedings: None Applicable Civil, Judicial or Administrative Proceedings: None Citizenship: United States J Carlo Cannell is the controlling and managing member of Adviser. Adviser serves as investment adviser to Cuttyhunk, Anegada, GSC, and Pleiades. Adviser is general partner and investment adviser to Tonga. Item 3 Source and amount of Funds or other Consideration The aggregate amount of funds used by Cuttyhunk to purchase 1,117,189 shares of Common Stock owned by it was approximately $5,711,082. Such amount was derived from working capital. The aggregate amount of funds used by Anegada to purchase 1,146,511 shares of Common Stock owned by it was approximately $9,106,579. Such amount was derived from working capital. The aggregate amount of funds used by GSC to purchase 448,300 shares of Common Stock owned by it was approximately $4,170,182. Such amount was derived from working capital. The aggregate amount of funds used by Tonga to purchase 1,812,900 shares of Common Stock owned by it was approximately $8,471,154. Such amount was derived from working capital. The aggregate amount of funds used by Pleiades to purchase 233,700 shares of Common Stock owned by it was approximately $1,139,192. Such amount was derived from working capital. Item 4 Purpose of Transaction The Common Stock was bought in the ordinary course of the Adviser's management of the accounts of its investment advisory clients. As of December 5, 2003 the Reporting Persons commenced the formulation of plans to seek maximization of the value of the Common Stock. Such plans may include, but may not necessarily be limited to, pursuit of strategic initiatives to enhance shareholder value. Subject to availability at prices deemed favorable and in accordance with applicable laws and regulations, the Reporting Persons may acquire shares of Common Stock of the Company from time to time in the open market, in privately negotiated transactions or otherwise. The Reporting Persons may dispose of shares of Common Stock of the Company from time to time in the open market, in privately negotiated transactions or otherwise. Except as set forth above, the Reporting Persons has no present plans or intentions that relate to or that would result in any of the transactions described in clauses (a) through (j) of item 4 of Schedule 13D. As part of such plans, on December 8, 2003 the Adviser, on behalf of the Reporting Persons, sent a letter to the Chairman of the Company requesting that the Company endeavor to terminate the Company's consulting relationship with its principal shareholder. A copy of such letter is attached as an exhibit to this Schedule. Item 5 Interest in Securities of the Issuer (a) As of December 5, 2003, the Reporting Persons directly or indirectly beneficially owned 4,758,600 shares, or 10.6%, of Common Stock of Global Power Equipment Inc. (the approximate number of the shares of Common Stock owned is based on 44,953,755 shares of common stock outstanding by Global Power Equipment Inc., on Nov. 4, 2003). (1) Cuttyhunk owns 1,117,189 shares (2.5%) (2) Anegada owns 1,146,511 shares (2.6%) (3) GS Cannell owns 448,300 shares (1.0%) (4) Tonga owns 1,812,900 shares (4.0%) (5) Pleiades owns 233,700 shares (0.5%) (b) The responses of the Reporting Persons to Items 7 through 11 of the portions of the cover page of this Schedule D which relate to beneficial ownership of shares of the Common Stock are incorporated herein by reference. (c) A list of transactions during the past 60 days. --------------------------------------------------------------------- Party Date Amount Price per Where & How Bought Share Effected (Sold) --------------------------------------------------------------------- ANEGADA 10/28/2003 5,305 6.20 Open Market ANEGADA 10/28/2003 3,700 6.27 Open Market ANEGADA 10/30/2003 1,934 6.14 Open Market ANEGADA 10/31/2003 15,372 6.00 Open Market ANEGADA 11/05/2003 14,900 6.37 Open Market ANEGADA 11/05/2003 40,300 6.39 Open Market ANEGADA 11/06/2003 17,900 6.36 Open Market ANEGADA 11/07/2003 3,800 6.31 Open Market ANEGADA 11/17/2003 700 5.92 Open Market ANEGADA 11/17/2003 400 5.92 Open Market ANEGADA 11/18/2003 3,500 5.91 Open Market ANEGADA 11/19/2003 500 5.87 Open Market ANEGADA 11/20/2003 4,100 6.07 Open Market ANEGADA 11/21/2003 2,300 6.13 Open Market ANEGADA 11/24/2003 85,300 6.19 Open Market ANEGADA 11/24/2003 5,100 6.27 Open Market ANEGADA 11/25/2003 1,300 6.26 Open Market ANEGADA 11/26/2003 500 6.26 Open Market ANEGADA 11/28/2003 1,500 6.31 Open Market ANEGADA 12/01/2003 3,300 6.16 Open Market ANEGADA 12/02/2003 7,400 6.05 Open Market ANEGADA 12/03/2003 700 5.95 Open Market ANEGADA 12/04/2003 2,000 5.97 Open Market ANEGADA 12/05/2003 1,300 5.97 Open Market CUTTYHUNK 10/08/2003 20,000 5.96 Open Market CUTTYHUNK 10/23/2003 194 6.00 Open Market CUTTYHUNK 10/28/2003 5,200 6.20 Open Market CUTTYHUNK 10/28/2003 3,600 6.27 Open Market CUTTYHUNK 10/30/2003 1,800 6.14 Open Market CUTTYHUNK 10/31/2003 15,200 6.00 Open Market CUTTYHUNK 11/03/2003 3,022 5.93 Open Market CUTTYHUNK 11/04/2003 18,700 6.24 Open Market CUTTYHUNK 11/04/2003 3,010 5.93 Open Market CUTTYHUNK 11/05/2003 22,963 6.37 Open Market CUTTYHUNK 11/05/2003 61,700 6.39 Open Market CUTTYHUNK 11/06/2003 27,500 6.36 Open Market CUTTYHUNK 11/07/2003 5,900 6.31 Open Market CUTTYHUNK 11/17/2003 1,200 5.92 Open Market CUTTYHUNK 11/17/2003 500 5.92 Open Market CUTTYHUNK 11/18/2003 5,300 5.91 Open Market CUTTYHUNK 11/19/2003 800 5.87 Open Market CUTTYHUNK 11/20/2003 4,600 6.07 Open Market CUTTYHUNK 11/21/2003 2,500 6.13 Open Market CUTTYHUNK 11/24/2003 94,600 6.19 Open Market CUTTYHUNK 11/24/2003 5,600 6.27 Open Market CUTTYHUNK 11/25/2003 1,500 6.26 Open Market CUTTYHUNK 11/26/2003 500 6.26 Open Market CUTTYHUNK 11/28/2003 1,600 6.31 Open Market CUTTYHUNK 12/01/2003 3,600 6.16 Open Market CUTTYHUNK 12/02/2003 8,200 6.05 Open Market CUTTYHUNK 12/03/2003 700 5.95 Open Market CUTTYHUNK 12/04/2003 2,200 5.97 Open Market CUTTYHUNK 12/05/2003 1,500 5.97 Open Market GS CANNELL 10/28/2003 1,900 6.20 Open Market GS CANNELL 10/28/2003 1,400 6.27 Open Market GS CANNELL 10/30/2003 700 6.14 Open Market GS CANNELL 10/31/2003 5,600 6.00 Open Market GS CANNELL 11/20/2003 900 6.07 Open Market GS CANNELL 11/21/2003 500 6.13 Open Market GS CANNELL 11/24/2003 19,500 6.19 Open Market GS CANNELL 11/24/2003 1,200 6.27 Open Market GS CANNELL 11/25/2003 300 6.26 Open Market GS CANNELL 11/26/2003 100 6.26 Open Market GS CANNELL 11/28/2003 300 6.31 Open Market GS CANNELL 12/01/2003 800 6.16 Open Market GS CANNELL 12/02/2003 1,700 6.05 Open Market GS CANNELL 12/03/2003 100 5.95 Open Market GS CANNELL 12/04/2003 400 5.97 Open Market GS CANNELL 12/05/2003 300 5.97 Open Market PLEIADES 10/28/2003 1,100 6.20 Open Market PLEIADES 10/28/2003 700 6.27 Open Market PLEIADES 10/30/2003 400 6.14 Open Market PLEIADES 10/31/2003 3,100 6.00 Open Market PLEIADES 11/05/2003 2,900 6.37 Open Market PLEIADES 11/05/2003 8,000 6.39 Open Market PLEIADES 11/06/2003 3,500 6.36 Open Market PLEIADES 11/07/2003 800 6.31 Open Market PLEIADES 11/17/2003 100 5.92 Open Market PLEIADES 11/17/2003 100 5.92 Open Market PLEIADES 11/18/2003 700 5.91 Open Market PLEIADES 11/19/2003 100 5.87 Open Market PLEIADES 11/20/2003 800 6.07 Open Market PLEIADES 11/21/2003 500 6.13 Open Market PLEIADES 11/24/2003 17,300 6.19 Open Market PLEIADES 11/24/2003 1,000 6.27 Open Market PLEIADES 11/25/2003 300 6.26 Open Market PLEIADES 11/26/2003 100 6.26 Open Market PLEIADES 11/28/2003 300 6.31 Open Market PLEIADES 12/01/2003 700 6.16 Open Market PLEIADES 12/02/2003 1,500 6.05 Open Market PLEIADES 12/03/2003 100 5.95 Open Market PLEIADES 12/04/2003 400 5.97 Open Market PLEIADES 12/05/2003 300 5.97 Open Market TONGA 10/28/2003 7,900 6.20 Open Market TONGA 10/28/2003 5,600 6.27 Open Market TONGA 10/30/2003 2,800 6.14 Open Market TONGA 10/31/2003 23,000 6.00 Open Market TONGA 11/20/2003 4,600 6.07 Open Market TONGA 11/21/2003 2,600 6.13 Open Market TONGA 11/24/2003 95,300 6.19 Open Market TONGA 11/24/2003 5,600 6.27 Open Market TONGA 11/25/2003 1,500 6.26 Open Market TONGA 11/26/2003 500 6.26 Open Market TONGA 11/28/2003 1,700 6.31 Open Market TONGA 12/01/2003 3,700 6.16 Open Market TONGA 12/02/2003 8,200 6.05 Open Market TONGA 12/03/2003 700 5.95 Open Market TONGA 12/04/2003 2,200 5.97 Open Market TONGA 12/05/2003 1,500 5.97 Open Market (d) Not Applicable (e) Not Applicable Item 6 Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer J. Carlo Cannell controls and manages the Adviser who makes voting and dispositive decisions for Cuttyhunk, Anegada, GS Cannell, Tonga, and Pleiades. Item 7 Material to Be Filed as Exhibits Exhibit 7.1- Letter to Mr. Larry Edwards, Chairman of Global Power Equipment Group, Inc. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: December 9, 2003 J. Carlo Cannell /s/ J. Carlo Cannell ------------------------------ J. Carlo Cannell Cannell Capital, LLC /s/ J. Carlo Cannell ------------------------------ J. Carlo Cannell, Managing Member The Anegada Fund, Limited /s/ J. Carlo Cannell ------------------------------ J. Carlo Cannell, Managing Member Cannell Capital, LLC, Investment Adviser The Cuttyhunk Fund Limited /s/ J. Carlo Cannell ------------------------------ J. Carlo Cannell, Managing Member Cannell Capital, LLC, Investment Adviser GS Cannell, LLC /s/ J. Carlo Cannell ------------------------------ J. Carlo Cannell, Managing Member Cannell Capital, LLC, Investment Adviser Tonga Partners, L.P. /s/ J. Carlo Cannell ------------------------------ J. Carlo Cannell, Managing Member Cannell Capital, LLC, General Partner Pleiades Investment Partners, LP /s/ J. Carlo Cannell ------------------------------- J. Carlo Cannell, Managing Member Cannell Capital, LLC, Investment Adviser Exhibit 7.1 - ----------- CANNELL CAPITAL LLC 150 California Street San Francisco, Calif. 94111 ------------ Tel (415) 835-8300 Fax (443) 606-0067 info@cannellcap.com December 8, 2003 Mr. Larry Edwards, Chairman Global Power Equipment Group, Inc. 6120 South Yale, Suite 1480 Tulsa, OK 74136 Dear Larry: You may recall a telephone conversation I had with you this past February, in which I indicated my concerns with the company's direction and, in particular, the contractual relationship with Harvest Partners. At your suggestion, I wrote a letter dated February 28, 2003 to your predecessor as Chairman, Stephen Eisenstein, expressing those concerns. In spite of our urging that the consulting arrangement with Harvest be terminated, it was in fact renewed for another year in August. We continue to have concerns regarding this relationship, especially the magnitude of fees paid and to be paid, and we have since learned, on an unsolicited basis, that other shareholders share our concerns. We understand that by its terms the Harvest agreement may not be terminated by Global except for cause. We urge you, however, to negotiate immediately with Harvest to accomplish an early termination of the agreement. The existence of the agreement and its insider nature severely diminishes the credibility of management's professions of concern for the interests of shareholders in general. As a major shareholder, Harvest should acknowledge and be concerned about the damage this lack of credibility does to the value of its shares, damage which is far in excess of the amount of fees they receive from this arrangement. The favor of a reply is requested. Sincerely, /s/ J. Carlo Cannell J. Carlo Cannell Managing Member Cannell Capital LLC -----END PRIVACY-ENHANCED MESSAGE-----