-----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, JbFIGeZuHR1aW1wm30hR2KfWrIYDcQ2Fci8uYAS0+I0S0KGog0dOxxtZCuakteAL UvgVN21bIhkwWZ6MMljQgg== 0001019056-09-000037.txt : 20090112 0001019056-09-000037.hdr.sgml : 20090112 20090112163508 ACCESSION NUMBER: 0001019056-09-000037 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20090112 DATE AS OF CHANGE: 20090112 GROUP MEMBERS: ANDREW R. SIEGEL GROUP MEMBERS: COSTA BRAVA PARTNERSHIP III L.P. GROUP MEMBERS: ROARK, REARDEN & HAMOT, LLC GROUP MEMBERS: SETH W. HAMOT SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TECHTEAM GLOBAL INC CENTRAL INDEX KEY: 0000805054 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] IRS NUMBER: 382774613 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-39078 FILM NUMBER: 09522020 BUSINESS ADDRESS: STREET 1: 27335 W. ELEVEN MILE ROAD CITY: SOUTHFIELD STATE: MI ZIP: 48034 BUSINESS PHONE: 248-357-2866 MAIL ADDRESS: STREET 1: 27335 W. ELEVEN MILE ROAD CITY: SOUTHFIELD STATE: MI ZIP: 48034 FORMER COMPANY: FORMER CONFORMED NAME: NATIONAL TECHTEAM INC /DE/ DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: MEGAVEST INDUSTRIES INC/NV/ DATE OF NAME CHANGE: 19871007 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Costa Brava Partnership III LP CENTRAL INDEX KEY: 0001319959 IRS NUMBER: 043387028 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 420 BOYLSTON STREET CITY: BOSTON STATE: MA ZIP: 02116 BUSINESS PHONE: 617-595-4400 MAIL ADDRESS: STREET 1: 420 BOYLSTON STREET CITY: BOSTON STATE: MA ZIP: 02116 SC 13D/A 1 techteam_13da7.txt SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 7)* 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 Jeffrey R. Katz, Esq. Roark, Rearden & Hamot, LLC Ropes & Gray LLP 420 Boylston Street One International Place Boston, MA 02116 Boston, MA 02110 (617) 595-4400 (617) 951-7000 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) January 12, 2009 ------------------------------------------------------- (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 7 Pages SCHEDULE 13D - ------------------------ ---------------------- CUSIP No. 878311 10 9 Page 2 of 7 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 1,319,274 SHARES -------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY -0- EACH -------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON 1,319,274 WITH -------------------------------------------------- 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,319,274 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 12.1%(1) - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* IN, HC - -------------------------------------------------------------------------------- (1) The percentage ownership is based upon 10,884,023 issued and outstanding shares as reported by the Issuer in its filing on Form 10-Q for the quarter ended September 30, 2008. Page 2 of 7 Pages SCHEDULE 13D - ------------------------ ---------------------- CUSIP No. 878311 10 9 Page 3 of 7 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 1,319,274 SHARES -------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY -0- EACH -------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON 1,319,274 WITH -------------------------------------------------- 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,319,274 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 12.1%(1) - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- (1) The percentage ownership is based upon 10,884,023 issued and outstanding shares as reported by the Issuer in its filing on Form 10-Q for the quarter ended September 30, 2008. *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 3 of 7 Pages SCHEDULE 13D - ------------------------ ---------------------- CUSIP No. 878311 10 9 Page 4 of 7 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 Liability Company - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 1,319,274 SHARES -------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY -0- EACH -------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON 1,319,274 WITH -------------------------------------------------- 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,319,274 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 12.1%(1) - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* OO - Other - -------------------------------------------------------------------------------- (1) The percentage ownership is based upon 10,884,023 issued and outstanding shares as reported by the Issuer in its filing on Form 10-Q for the quarter ended September 30, 2008. *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 4 of 7 Pages SCHEDULE 13D - ------------------------ ---------------------- CUSIP No. 878311 10 9 Page 5 of 7 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, 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 1,360,391(1) SHARES -------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY -0- EACH -------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON 1,360,391(1) WITH -------------------------------------------------- 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,360,391(1) - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 12.5%(2) - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* IN, HC - -------------------------------------------------------------------------------- (1) Mr. Siegel has the sole power to vote and sole power to dispose of 41,117 shares of Common Stock and may be deemed to beneficially own 1,319,274 shares of Common Stock held by Costa Brava Partnership III LP, Roark, Rearden & Hamot, LLC and Mr. Hamot. (2) The percentage ownership is based upon 10,884,023 issued and outstanding shares as reported by the Issuer in its filing on Form 10-Q for the quarter ended September 30, 2008. *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 5 of 7 Pages AMENDMENT NO. 7 TO SCHEDULE 13D ------------------------------- TechTeam Global, Inc. This amendment ("Amendment No. 7") 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 No. 3 filed February 24, 2006, Amendment No. 4 filed on March 9, 2006, Amendment No. 5 filed May 11, 2006, and Amendment No. 6 filed August 15, 2006 by Costa Brava Partnership III L.P. ("Costa Brava"), Roark, Rearden & Hamot, LLC, Seth W. Hamot, and Andrew R. Siegel 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"). Item 3. Source and Amount of Funds or Other Consideration. ------------------------------------------------- This Item 3 is hereby amended and restated as follows: The 1,319,274 shares of Common Stock beneficially owned by Costa Brava, Roark, Rearden & Hamot, LLC, Mr. Hamot and Mr. Siegel were held by Costa Brava and were acquired with working capital set aside for the general purpose of investing. The 41,117 shares of Common Stock beneficially owned by Mr. Siegel were held by Mr. Siegel and were acquired with personal funds. Item 4. Purpose of Transaction. ---------------------- This Item 4 is hereby amended by adding the following: On January 12, 2009, Costa Brava sent a letter to the board of directors of the Issuer. A copy of the letter is attached hereto as Exhibit B. Item 5. Interest in Securities of the Issuer. ------------------------------------ (a) Costa Brava, Roark, Rearden & Hamot, LLC and Mr. Hamot are the beneficial owners of 1,319,274 shares of Common Stock (approximately 12.1% of the shares of Common Stock outstanding as reported in the Issuer's filing on Form 10-Q for the quarter ended September 30, 2008). Mr. Siegel is the beneficial owner of 1,360,391 shares of Common Stock (approximately 12.5% of the shares of Common Stock outstanding as reported in the Issuer's filing on Form 10-Q for the quarter ended September 30, 2008). (b) Costa Brava, Roark, Rearden & Hamot, LLC, and Mr. Hamot have the sole power to vote and sole power to dispose of 1,319,274 shares of Common Stock. Mr. Siegel has the sole power to vote and sole power to dispose of 41,117 shares of Common Stock and may be deemed to beneficially own 1,319,274 shares of Common Stock held by Costa Brava, Roark, Rearden & Hamot, LLC and Mr. Hamot. (c) During the last sixty days, Costa Brava, Roark, Rearden & Hamot, LLC, Mr. Hamot and Mr. Siegel have not purchased or sold any 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 - Letter to the board of directors of the Issuer dated January 12, 2009. Page 6 of 7 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: January 12, 2009 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 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 7 of 7 Pages EXHIBIT INDEX ------------- Exhibit Description - ------- ----------- A Agreement Regarding the Joint Filing of Schedule 13D. B Letter to the board of directors of the Issuer dated January 12, 2009. EXHIBIT A 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: January 12, 2009 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 ANDREW R. SIEGEL By: /s/ Andrew R. Siegel ------------------------------------- Andrew R. Siegel EXHIBIT B Board of Directors TechTeam Global Inc. 27335 West 11 Mile Road Southfield, Michigan 48034 January 12, 2009 Gentlemen: As you know, Costa Brava Partnership III, L.P. ("Costa Brava") is the beneficial owner of 1,319,274 (12.12%) f the outstanding shares of common stock of TechTeam Global, Inc. (the "Company"). On January 5, 2009, I met in Kentucky with the then Chairman of the Board Alok Mohan, Chief Executive Officer Gary Cotshott and director Andrew Siegel to discuss the Company's strategic initiatives, as well as board leadership. On January 6, 2009, I received a call from Mr. Cotshott regarding several items, including his desire to combine the Chief Executive Officer and Board Chairman roles. I told Mr. Cotshott that combining the two roles would be poor corporate governance and a step backwards for the Company. We believe that the combined role limits the ability of the board to exercise true independent oversight of management and diminishes board effectiveness precisely at a time when the Company needs an independent board to focus management on maximizing shareholder value. With this one ill-advised and poorly considered action, the board risks becoming the same dysfunctional board that we changed in 2006. Shareholders deserve better. The Director Compensation Table in last year's DEF 14A indicates "Total Compensation" paid to the Board of almost $1 million. For such a fee, shareholders should get independent leadership and strong corporate governance. We strongly urge the board to immediately announce a short timetable for separating into two positions the roles of Chief Executive Officer and Chairman of the Board. If the Company fails to make such an announcement, we will consider our alternatives. Sincerely, /s/ Seth Hamot Seth Hamot Managing Member of the General Partner, Costa Brava Partnership III LP -----END PRIVACY-ENHANCED MESSAGE-----