-----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, QiVYdt+k8kzyGUVM8DdGdnCA7KpfhXAyojH7hXUZ+3vNLYIN37wTkm9DuOkeDuPY RWSk2cf+LqYBLdPGSO6dvg== 0001019056-08-000339.txt : 20080227 0001019056-08-000339.hdr.sgml : 20080227 20080227160700 ACCESSION NUMBER: 0001019056-08-000339 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080227 DATE AS OF CHANGE: 20080227 GROUP MEMBERS: ASPEN ADVISORS LLC GROUP MEMBERS: ENTERASPEN LTD. GROUP MEMBERS: NIKOS HECHT GROUP MEMBERS: SOPRIS CAPITAL ADVISORS, LLC GROUP MEMBERS: SOPRIS CAPITAL, LLC GROUP MEMBERS: SOPRIS PARTNERS SERIES A, OF SOPRIS CAPITAL PARTNERS, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WOLVERINE TUBE INC CENTRAL INDEX KEY: 0000821407 STANDARD INDUSTRIAL CLASSIFICATION: ROLLING DRAWING & EXTRUDING OF NONFERROUS METALS [3350] IRS NUMBER: 630970812 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-43063 FILM NUMBER: 08646662 BUSINESS ADDRESS: STREET 1: 200 CLINTON AVENUE WEST STREET 2: SUITE 1000 CITY: HUNTSVILLE STATE: AL ZIP: 35801 BUSINESS PHONE: 2568900460 MAIL ADDRESS: STREET 1: 200 CLINTON AVENUE WEST STREET 2: SUITE 1000 CITY: HUNTSVILLE STATE: AL ZIP: 35801 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Sopris Capital Advisors LLC CENTRAL INDEX KEY: 0001386790 IRS NUMBER: 203177754 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 314 SOUTH GALENA STREET STREET 2: SUITE 300 CITY: ASPEN STATE: CO ZIP: 81611 BUSINESS PHONE: 212-698-8006 MAIL ADDRESS: STREET 1: 152 WEST 57TH STREET STREET 2: FLOOR 39 CITY: NEW YORK STATE: NY ZIP: 10019 SC 13D/A 1 wolverine_13da2.txt SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D (RULE 13d-101) UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 2)* INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) WOLVERINE TUBE, INC. -------------------- (Name of Issuer) Common Stock ------------ (Title of Class of Securities) 978093102 --------- (CUSIP Number) February 21, 2008 ------------------------------------------------------------ (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(b) 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). CUSIP NO. 978093102 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ASPEN ADVISORS LLC 13-4118717 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES -0- BENEFICIALLY ------------------------------------------------ OWNED BY 6 SHARED VOTING POWER EACH REPORT- 1,723,240 ING PERSON ------------------------------------------------ WITH 7 SOLE DISPOSITIVE POWER -0- ------------------------------------------------ 8 SHARED DISPOSITIVE POWER 1,723,240 ------------------------------------------------ - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,723,240 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.2% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON OO, IA - -------------------------------------------------------------------------------- CUSIP NO. 978093102 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON SOPRIS CAPITAL ADVISORS, LLC 20-3177754 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES -0- BENEFICIALLY ------------------------------------------------------ OWNED BY 6 SHARED VOTING POWER EACH REPORT- 9,154,583 ING PERSON ------------------------------------------------------ WITH 7 SOLE DISPOSITIVE POWER -0- ------------------------------------------------------ 8 SHARED DISPOSITIVE POWER 9,154,583 ------------------------------------------------------ - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,154,583 --------- - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 22.5% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON OO, IA - -------------------------------------------------------------------------------- CUSIP NO. 978093102 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON SOPRIS PARTNERS SERIES A, OF SOPRIS CAPITAL PARTNERS, L.P. 37-1520276 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES -0- BENEFICIALLY ------------------------------------------------------ OWNED BY 6 SHARED VOTING POWER EACH REPORT- 6,090,132 ING PERSON ------------------------------------------------------ WITH 7 SOLE DISPOSITIVE POWER -0- ------------------------------------------------------ 8 SHARED DISPOSITIVE POWER 6,090,132 ------------------------------------------------------ - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,090,132 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 15.0% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- CUSIP NO. 978093102 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON SOPRIS CAPITAL, LLC 20-3978493 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES -0- BENEFICIALLY -------------------------------------------------- OWNED BY 6 SHARED VOTING POWER EACH REPORT- 6,596,247 ING PERSON -------------------------------------------------- WITH 7 SOLE DISPOSITIVE POWER -0- -------------------------------------------------- 8 SHARED DISPOSITIVE POWER 6,596,247 -------------------------------------------------- - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,596,247 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 16.2% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- CUSIP NO. 978093102 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ENTERASPEN LTD NOT APPLICABLE - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION CAYMAN ISLANDS - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES -0- BENEFICIALLY -------------------------------------------------- OWNED BY 6 SHARED VOTING POWER EACH REPORT- 4,097,576 ING PERSON -------------------------------------------------- WITH 7 SOLE DISPOSITIVE POWER -0- -------------------------------------------------- 8 SHARED DISPOSITIVE POWER 4,097,576 -------------------------------------------------- - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,097,576 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.1% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON OO, OO - -------------------------------------------------------------------------------- CUSIP NO. 978093102 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON NIKOS HECHT - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES -0- BENEFICIALLY -------------------------------------------------- OWNED BY 6 SHARED VOTING POWER EACH REPORT- 10,877,823 ING PERSON -------------------------------------------------- WITH 7 SOLE DISPOSITIVE POWER -0- -------------------------------------------------- 8 SHARED DISPOSITIVE POWER 10,877,823 -------------------------------------------------- - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,877,823 ---------- - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 26.7% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- CUSIP NO. 978093102 13D The Statement on Schedule 13D dated October 26, 2007 filed by Aspen Advisors LLC ("Aspen Advisors"), Sopris Capital Advisors, LLC ("Sopris Advisors"), Sopris Partners Series A, a series of Sopris Capital Partners, L.P. ("Sopris Partners"), Sopris Capital, LLC ("Sopris Capital"), EnterAspen Ltd ("EnterAspen") and Nikos Hecht (each a "Reporting Person," and, collectively the "Reporting Persons") with respect to the Common Stock (the "Common Stock") of Wolverine Tube, Inc. (the "Issuer") is hereby further amended with respect to the items set forth below. Capitalized terms used without definition in this Schedule 13D (Amendment No. 2) have the meanings set forth in the Reporting Persons' Schedule 13D, as originally filed. Item 5. Interest in Securities of the Issuer (a, b) (i) Amount beneficially owned: Sopris Partners: 6,090,132 Sopris Capital: 6,596,247 Aspen Advisors: 1,723,240 Sopris Advisors: 9,154,583 EnterAspen: 4,097,576 Mr. Hecht: 10,877,823 (ii) Percent of class: Sopris Partners: 15.0% Sopris Capital: 16.2% Aspen Advisors: 4.2% Sopris Advisors: 22.5% EnterAspen: 10.1% Mr. Hecht: 26.7% (iii) Number of shares as to which the person has: (A) Sole power to vote or to direct the vote: Sopris Partners: -0- Sopris Capital: -0- Aspen Advisors: -0- Sopris Advisors: -0- EnterAspen: -0- Mr. Hecht: -0- (B) Shared power to vote or to direct the vote: CUSIP NO. 978093102 13D Sopris Partners: 6,090,132 Sopris Capital: 6,596,247 Aspen Advisors: 1,723,240 Sopris Advisors: 9,154,583 EnterAspen: 4,097,576 Mr. Hecht: 10,877,823 (C) Sole power to dispose or to direct the disposition of: Sopris Partners: -0- Sopris Capital: -0- Aspen Advisors: -0- Sopris Advisors: -0- EnterAspen: -0- Mr. Hecht: -0- (D) Shared power to dispose or to direct the disposition of: Sopris Partners: 6,090,132 Sopris Capital: 6,596,247 Aspen Advisors: 1,723,240 Sopris Advisors: 9,154,583 EnterAspen: 4,097,576 Mr. Hecht: 10,877,823 Of the shares reported as beneficially owned in this Schedule 13D, 6,090,132 shares are owned directly by Sopris Partners and 1,723,240 shares are owned by private clients of Aspen Advisors and 2,558,336 shares are owned by private clients of Sopris Advisors. Of the shares reported as owned by private clients of Aspen Advisors and Sopris Advisors, 4,097,576 are owned by EnterAspen, 1,723,240 are owned through an account managed by Aspen Advisors and 2,558,336 are owned through accounts managed by Sopris Advisors. Sopris Capital is the general partner of Sopris Partners and, as such, may be deemed to share beneficial ownership of the Common Stock owned directly by Sopris Partners. Each of Aspen Advisors and Sopris Advisors is an Attorney-in-Fact of EnterAspen. Mr. Hecht is the managing member of each of Aspen Advisors and of Sopris Advisors and the sole member of the managing member of Sopris Capital. As the managing member of Aspen Advisors and Sopris Advisors, the sole member of the managing member of Sopris Capital and the owner of a majority of the membership interests in each of Sopris Capital, Aspen Advisors and of Sopris Advisors, Mr. Hecht may be deemed to be the controlling person of Sopris Capital, Aspen Advisors and of Sopris Advisors, and through Sopris Capital, Sopris Partners. Each of Aspen Advisors and Sopris Advisors, as investment manager for their respective private clients, and with respect to Sopris Advisors, also as investment manager for Sopris Partners, has discretionary investment authority over the Common Stock held by their respective private clients and Sopris Partners, as applicable. Accordingly, Mr. Hecht may be deemed to be the beneficial owner of the Common Stock held by Sopris Partners and the CUSIP NO. 978093102 13D private clients of Aspen Advisors and Sopris Advisors. Each of Sopris Partners and Sopris Capital disclaims any beneficial interest in the Common Stock owned by the accounts managed by Sopris Advisors and Aspen Advisors. (c) Not applicable. (d) The various private accounts of which Aspen Advisors and Sopris Advisors serves as investment manager have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, Common Stock of the Issuer. Such private accounts include EnterAspen, a Reporting Person, which owns 10.1% of the Common Stock of the Issuer. (e) Not applicable. SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information in this statement is true, complete and correct. Dated: February 27, 2008 SOPRIS PARTNERS SERIES A, of SOPRIS CAPITAL PARTNERS, L.P. By: SOPRIS CAPITAL, LLC Its general partner By: /s/ Nikos Hecht ----------------------------- Name: Nikos Hecht Title: Sole Member of the Managing Member SOPRIS CAPITAL, LLC By: /s/ Nikos Hecht ----------------------------- Name: Nikos Hecht Title: Sole Member of the Managing Member ASPEN ADVISORS LLC By: /s/ Nikos Hecht ----------------------------- Name: Nikos Hecht Title: Managing Member SOPRIS CAPITAL ADVISORS, LLC By: /s/ Nikos Hecht ----------------------------- Name: Nikos Hecht Title: Managing Member ENTERASPEN LTD. By: ASPEN ADVISORS LLC Its Attorney-in-fact By: /s/ Nikos Hecht ----------------------------- Name: Nikos Hecht Title: Sole Member of the Managing Member /s/ Nikos Hecht --------------------------------- Nikos Hecht -----END PRIVACY-ENHANCED MESSAGE-----