-----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, Ei+QHq91Aiq7cR9L99FBrBPrjXxFqU4oObic/P5oHuktyZYm06JDmAcucQB/6LuG 6HmwsC8A0E4uIEGrExZixQ== 0001264128-07-000115.txt : 20070628 0001264128-07-000115.hdr.sgml : 20070628 20070628135542 ACCESSION NUMBER: 0001264128-07-000115 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20070628 DATE AS OF CHANGE: 20070628 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: UNIVERSAL POWER GROUP INC. CENTRAL INDEX KEY: 0001372000 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-ELECTRICAL APPARATUS & EQUIPMENT, WIRING SUPPLIES [5063] IRS NUMBER: 751288690 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-82585 FILM NUMBER: 07946224 BUSINESS ADDRESS: STREET 1: 1720 HAYDEN ROAD CITY: CARROLLTON STATE: TX ZIP: 75006 BUSINESS PHONE: 4698921122 MAIL ADDRESS: STREET 1: 1720 HAYDEN ROAD CITY: CARROLLTON STATE: TX ZIP: 75006 FORMER COMPANY: FORMER CONFORMED NAME: UNIVERAL POWER GROUP INC. DATE OF NAME CHANGE: 20060808 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: 3V Capital Management LLC CENTRAL INDEX KEY: 0001388743 IRS NUMBER: 861069394 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 3 GREENWICH OFFICE PARK CITY: GREENWICH STATE: CT ZIP: 06831 BUSINESS PHONE: 203-629-9491 MAIL ADDRESS: STREET 1: 3 GREENWICH OFFICE PARK CITY: GREENWICH STATE: CT ZIP: 06831 SC 13D/A 1 sched13da1_upg.txt AMENDMENT NO. 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 SCHEDULE 13D/A Under the Securities Exchange Act of 1934 (Amendment No. 1)* UNIVERSAL POWER GROUP, INC. (Name of Issuer) COMMON STOCK, $0.01 PAR VALUE (Title of Class of Securities) 913788105 (CUSIP Number) Mr. Scott A. Stagg with a copy to: Mr. Gary Katcher Jeffrey B. Cobb 3V Capital Management LLC Cobb & Associates LLC 3 Greenwich Office Park 329 Riverside Avenue Greenwich, Connecticut 06831 Westport, CT 06880 (203) 660-6200 (203) 222-1940 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) June 18, 2007 (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 Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box *. *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 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 8 pages CUSIP No. 913788105 13D Page 2 of 8 Pages - ---------- ----------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) 3V Capital Management LLC - ---------- ----------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - ---------- ----------------------------------------------------------- 3 SEC USE ONLY - ---------- ----------------------------------------------------------- 4 SOURCE OF FUNDS* AF - ---------- ----------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): - ---------- ----------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ---------- ----------------------------------------------------------- 7 SOLE VOTING POWER 0 ------ ------------------------------------------ NUMBER OF 8 SHARED VOTING POWER SHARES 629,900 BENEFICIALLY ------ ------------------------------------------- OWNED BY 9 SOLE DISPOSITIVE POWER EACH 0 REPORTING ------ ------------------------------------------ PERSON 10 SHARED DISPOSITIVE POWER WITH 629,900 - ---------- ----------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 629,900 - ---------- ----------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* N/A - ---------- ----------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.6% - ---------- ----------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO, IA - ---------- ----------------------------------------------------------- ** Includes shares reported herein as beneficially owned by other reporting persons. See Item 5. CUSIP No. 913788105 13D Page 3 of 8 Pages - ---------- ----------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) 3V Capital Master Fund, Ltd. - ---------- ----------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - ---------- ----------------------------------------------------------- 3 SEC USE ONLY - ---------- ----------------------------------------------------------- 4 SOURCE OF FUNDS* WC - ---------- ----------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): - ---------- ----------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION British Virgin Islands - ---------- ----------------------------------------------------------- 7 SOLE VOTING POWER 0 ------ ------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES 310,200 BENEFICIALLY ------ ------------------------------------------- OWNED BY 9 SOLE DISPOSITIVE POWER EACH 0 REPORTING ------ ------------------------------------------ PERSON 10 SHARED DISPOSITIVE POWER WITH 310,200 - ---------- ----------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 310,200 - ---------- ----------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* N/A - ---------- ----------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.2% - ---------- ----------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - ---------- ----------------------------------------------------------- ** Includes shares reported herein as beneficially owned by other reporting persons. See Item 5. CUSIP No. 913788105 13D Page 4 of 8 Pages - ---------- ----------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Scott A. Stagg - ---------- ----------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - ---------- ----------------------------------------------------------- 3 SEC USE ONLY - ---------- ----------------------------------------------------------- 4 SOURCE OF FUNDS* AF - ---------- ----------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): - ---------- ----------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ---------- ----------------------------------------------------------- 7 SOLE VOTING POWER 0 ------ ------------------------------------------ NUMBER OF 8 SHARED VOTING POWER SHARES 629,900 BENEFICIALLY ------ ------------------------------------------ OWNED BY 9 SOLE DISPOSITIVE POWER EACH 0 REPORTING ------ ------------------------------------------ PERSON 10 SHARED DISPOSITIVE POWER WITH 629,900 - ---------- ----------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 629,900 - ---------- ----------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* N/A - ---------- ----------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.6% - ---------- ----------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ---------- ----------------------------------------------------------- ** Includes shares reported herein as beneficially owned by other reporting persons. See Item 5. CUSIP No. 913788105 13D Page 5 of 8 Pages - ---------- ----------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Gary Katcher - ---------- ----------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - ---------- ----------------------------------------------------------- 3 SEC USE ONLY - ---------- ----------------------------------------------------------- 4 SOURCE OF FUNDS* AF - ---------- ----------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): - ---------- ----------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ---------- ----------------------------------------------------------- 7 SOLE VOTING POWER 0 ------ ------------------------------------------ NUMBER OF 8 SHARED VOTING POWER SHARES 629,900 BENEFICIALLY ------ ------------------------------------------ OWNED BY 9 SOLE DISPOSITIVE POWER EACH 0 REPORTING ------ ------------------------------------------ PERSON 10 SHARED DISPOSITIVE POWER WITH 629,900 - ---------- ----------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 629,900 - ---------- ----------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* N/A - ---------- ----------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.6% - ---------- ----------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ---------- ----------------------------------------------------------- ** Includes shares reported herein as beneficially owned by other reporting persons. See Item 5. This Amendment No. 1 amends and supplements the Statement on Schedule 13D (the "Schedule 13D") filed with the Securities and Exchange Commission on April 26, 2007, by 3V Capital Management LLC, a Delaware limited liability company ("Management Company"), 3V Capital Master Fund, Ltd., a British Virgin Islands business company (the "Master Fund"), Scott A. Stagg ("Stagg") and Gary Katcher ("Katcher"), and relates to the Common Stock, $0.01 par value, of Universal Power Group, Inc., a Texas corporation (the "Company"). Management Company, the Master Fund, Stagg and Katcher may be referred to herein as the "Reporting Persons." Management Company is the investment manager or adviser to the Master Fund and a managed account (the "Managed Account" and together with the Master Fund, the "Funds"). Management Company may be deemed to have beneficial ownership over the Common Stock directly owned by the Funds by virtue of the authority granted to it by the Funds to vote and to dispose of the securities held by the Funds, including the Common Stock. Stagg and Katcher are the managing members of Management Company. Stagg and Katcher may be deemed to have beneficial ownership over the Common Stock directly owned by the Funds by virtue of the foregoing relationships. Capitalized terms used herein and not otherwise defined in this Amendment have the meanings set forth in the Schedule 13D. Except as set forth herein, the Schedule 13D remains unchanged. Item 4. Purpose of Transaction Item 4 of the Schedule 13D is hereby amended by adding the following thereto: On June 18, 2007, David D.R. Bullock, Managing Director of Management Company, made a presentation before the Board of Directors of the Company setting forth in detail Management Company's recommendations and analysis regarding creating shareholder value and improving the market's impression of the intrinsic value of the Company's business. Subsequent to the June 22 meeting, Management Company sent a letter to the Company's Board of Directors. A copy of the letter is filed herewith as Exhibit 99.2 and is incorporated herein by reference in its entirety. Item 5. Interest in Securities of the Issuer Item 5 of the Schedule 13D is hereby amended and restated to read as follows: (a) Based upon information set forth in the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2007, there were 5,000,000 shares of Common Stock issued and outstanding at May 10, 2007. As of the date hereof: 1. Management Company, in its capacity as investment adviser to the Funds, is deemed to beneficially own 629,900 shares of Common Stock owned directly by the Funds. Such shares represent approximately 12.6% of the Company's outstanding shares. 2. The Master Fund directly owns 310,200 shares of Common Stock, representing approximately 6.2% of the Company's outstanding shares. 3. Each of Stagg and Katcher, in their capacity as principal control persons of Management Company, are deemed to beneficially own 629,900 shares of Common stock owned directly by the Funds. Such shares represent approximately 12.6% of the Company's outstanding shares. (b) The number of shares of Common Stock as to which there is sole power to vote or to direct the vote, sole power to dispose or direct the disposition, shared power to vote or to direct the vote, or shared power to dispose or direct the disposition for the Reporting Persons is set forth on the cover pages of this Amendment, and such information is incorporated herein by reference. (c) Except as disclosed below, no transactions in the Common Stock were effected by any of the Reporting Persons since the most recent filing on Schedule 13D. Open Market transactions by the Master Fund and the Managed Account in Common Stock Date Transaction Shares Price Per Share($) - ----------------- ------------------- --------------- ------------------------- 3/30/2007 BUY 12,000 5.13 - ----------------- ------------------- --------------- ------------------------- (d) Other than the Funds which directly hold the shares reported on herein, and except as set forth in this Item 5, no person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares. (e) Not applicable. Item 7. Material to be filed as Exhibits 99.1. Joint Filing Agreement, dated as of June 28, 2007, by and between the Reporting Persons. 99.2. Letter, dated June 25, 2007, from Management Company to the Company. Signatures After reasonable inquiry and to the best of my (our) knowledge and belief, I (we) certify that the information set forth in this statement is true, complete and correct. Date: June 28, 2007 3V Capital Management LLC /s/ Scott A. Stagg - ----------------------------- By: Scott A. Stagg Title: Managing Member 3V Capital Master Fund, Ltd. /s/ Scott A. Stagg - ----------------------------- By: Scott A. Stagg Title: Director /s/ Scott A. Stagg - ----------------------------- Scott A. Stagg, an individual /s/ Gary Katcher - ----------------------------- Gary Katcher, an individual EX-99.1 2 sched13da1_ex99-1upg.txt JOINT FILING AGREEMENT Exhibit 99.1 Joint Filing Agreement 3V Capital Management LLC, a Delaware limited liability company; 3V Capital Master Fund, Ltd., a British Virgin Islands business company; and Scott A. Stagg and Gary Katcher, each an individual, hereby agree to file jointly the statement on Schedule 13D to which this Agreement is attached and any amendments thereto which may be deemed necessary, pursuant to Regulation 13D-G under the Securities Exchange Act of 1934. It is understood and agreed that each of the parties hereto is responsible for the timely filing of such statement and any amendments thereto, and for the completeness and accuracy of the information concerning such party contained therein, but such party is not responsible for the completeness and accuracy of information concerning any other party unless such party knows or has reason to believe such information is inaccurate. It is understood and agreed that a copy of this Agreement shall be attached as an exhibit to the statement on Schedule 13D, and any amendments thereto, filed on behalf of each of the parties hereto. Date: June 28, 2007 3V Capital Management LLC /s/ Scott A. Stagg - ----------------------------- By: Scott A. Stagg Title: Managing Member 3V Capital Master Fund, Ltd. /s/ Scott A. Stagg - ----------------------------- By: Scott A. Stagg Title: Director /s/ Scott A. Stagg - ----------------------------- Scott A. Stagg, an individual /s/ Gary Katcher - ----------------------------- Gary Katcher, an individual EX-99.1 3 sched13da1_ex99-2upg.txt LETTER TO THE COMPANY June 25, 2007 Board of Directors c/o Mr. Randy Hardin President and Chief Executive Officer Universal Power Group, Inc. 1720 Hayden Drive Carrollton, TX 75006 Members of the Board: Thank you for taking the time to meet with us and for considering our recommendations to enhance shareholder value. Thank you also for your invitation to join the Board. We are impressed by the Board's experience, capabilities and depth of knowledge, and are confident in its ability to arrive at the right conclusions. Consequently, at this time, the Board has our full confidence and we are of the belief it will be an effective steward of shareholder rights. As a result, we do not feel it is necessary to accept your offer for a Board seat at this time, but we would like to reserve the right to revisit this issue with the Board if and when circumstances change. Very truly yours, /s/ David D.R. Bullock David D.R. Bullock Managing Director -----END PRIVACY-ENHANCED MESSAGE-----