-----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, LQheOq1+7IjuZHc2BIdjWXvDMJgjRUsZTHd1TuKEBDgYnD5n2B3ohtNXB6AiSrNp 6Kg4OaHL4kcGVlWKoXrCpQ== 0000950130-02-004166.txt : 20020607 0000950130-02-004166.hdr.sgml : 20020607 20020605150422 ACCESSION NUMBER: 0000950130-02-004166 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020605 GROUP MEMBERS: ARTHUR COADY GROUP MEMBERS: CORYTON MANAGEMENT LTD GROUP MEMBERS: CSFB GLOBAL OPPORTUNITIES PARTNERS (BERMUDA) LP GROUP MEMBERS: CSFB GLOBAL OPPORTUNITIES PARTNERS LP GROUP MEMBERS: ELIAS SABO GROUP MEMBERS: HEMISPHERE GLOBAL OPPORTUNITIES PARTNERS LTD GROUP MEMBERS: I JOSEPH MASSOUD GROUP MEMBERS: INLAND PARTNERS LP GROUP MEMBERS: LINKS PARTNERS LP GROUP MEMBERS: MUTUAL TRUST MANAGEMENT (BERMUDA) LIMITED FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CREDIT SUISSE FIRST BOSTON/ CENTRAL INDEX KEY: 0000824468 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: PO BOX 900 STREET 2: FHLS CITY: ZURICH SWITZERLAND MAIL ADDRESS: STREET 1: PO BOX 900 CITY: ZURICH SWITZERLAND FORMER COMPANY: FORMER CONFORMED NAME: CREDIT SUISSE DATE OF NAME CHANGE: 19921119 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PERSONNEL GROUP OF AMERICA INC CENTRAL INDEX KEY: 0000948850 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-HELP SUPPLY SERVICES [7363] IRS NUMBER: 561930691 STATE OF INCORPORATION: DE FISCAL YEAR END: 0103 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-44909 FILM NUMBER: 02670980 BUSINESS ADDRESS: STREET 1: 5605 CARNEGIE BLVD STREET 2: STE 500 CITY: CHARLOTTE STATE: NC ZIP: 28209 BUSINESS PHONE: 7044425100 MAIL ADDRESS: STREET 1: 5605 CARNEGIE BLVD STREET 2: SUITE 500 CITY: CHARLOTTE STATE: NC ZIP: 28209 SC 13D/A 1 dsc13da.txt SCHEDULE 13D AMENDMENT NO. 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Rule 13d-101) Under the Securities Exchange Act of 1934 (Amendment No. 1) Personnel Group of America, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $0.01 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 715338109 - -------------------------------------------------------------------------------- (CUSIP Number) Marty Brandt Joseph Milana & Chrissie Neves Joseph Milana & Chrissie Neves Ivy B. Dodes CSFB Global Opportunities Links Partners, LP Inland Partners, LP Credit Suisse First Boston Partners, L.P. 61 Wilton Avenue, 2nd Floor 61 Wilton Avenue, 2nd Floor 11 Madison Avenue c/o Hemisphere Global Westport, Connecticut 06880 Westport, Connecticut 06880 New York, New York 10010 Opportunities Partners, Ltd. Telephone: (203) 221-1703 Telephone: (203) 221-1703 (212) 325-2000 Hemisphere House, Nine Church St. P.O. Box HM951, Hamilton HM11 Hamilton, Bermuda Telephone: (441) 295-9166
- -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) May 16, 2002 ------------------------------------------------------- (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 Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [X]. 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 information required on this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Exchange Act") or otherwise subject to the liabilities of that section of the Exchange Act but shall be subject to all other provisions of the Exchange Act (however, see the Notes). (Continued on following pages) (Page 1 of 18 pages) SCHEDULE 13D - ----------------------------- ---------------------- CUSIP No. 715338109 Page 2 of 18 Pages --------- --- ---- - ----------------------------- ---------------------- - -------------------------------------------------------------------------------- NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) 1 Credit Suisse First Boston, on behalf of the investment banking business of the Credit Suisse First Boston business unit - -------------------------------------------------------------------------------- CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] 2 (b) [X] - -------------------------------------------------------------------------------- SEC USE ONLY 3 - -------------------------------------------------------------------------------- SOURCE OF FUNDS 4 AF, OO - -------------------------------------------------------------------------------- CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO 5 ITEMS 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- CITIZENSHIP OR PLACE OF ORGANIZATION 6 Switzerland - -------------------------------------------------------------------------------- NUMBER OF SOLE VOTING POWER SHARES 7 BENEFICIALLY 0 OWNED BY --------------------------------------------------------------- EACH SHARED VOTING POWER REPORTING 8 PERSON 3,400,568 WITH --------------------------------------------------------------- SOLE DISPOSITIVE POWER 9 0 --------------------------------------------------------------- SHARED DISPOSITIVE POWER 10 3,400,568 - -------------------------------------------------------------------------------- AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 3,400,568 - -------------------------------------------------------------------------------- CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 [_] - -------------------------------------------------------------------------------- PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 11.29% - -------------------------------------------------------------------------------- TYPE OF REPORTING PERSON 14 IA, BK, HC - -------------------------------------------------------------------------------- SCHEDULE 13D - ----------------------------- ---------------------- CUSIP No. 715338109 Page 3 of 18 Pages --------- --- ---- - ----------------------------- ---------------------- - -------------------------------------------------------------------------------- NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) 1 CSFB Global Opportunities Partners, L.P. - -------------------------------------------------------------------------------- CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] 2 (b) [X] - -------------------------------------------------------------------------------- SEC USE ONLY 3 - -------------------------------------------------------------------------------- SOURCE OF FUNDS 4 AF, WC - -------------------------------------------------------------------------------- CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO 5 ITEMS 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware - -------------------------------------------------------------------------------- NUMBER OF SOLE VOTING POWER SHARES 7 BENEFICIALLY 0 OWNED BY --------------------------------------------------------------- EACH SHARED VOTING POWER REPORTING 8 PERSON 3,398,568 WITH --------------------------------------------------------------- SOLE DISPOSITIVE POWER 9 0 --------------------------------------------------------------- SHARED DISPOSITIVE POWER 10 3,398,568 - -------------------------------------------------------------------------------- AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 3,398,568 - -------------------------------------------------------------------------------- CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 [_] - -------------------------------------------------------------------------------- PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 11.28% - -------------------------------------------------------------------------------- TYPE OF REPORTING PERSON 14 PN - -------------------------------------------------------------------------------- SCHEDULE 13D - ---------------------------- ------------------------------ CUSIP No. 715338109 Page 4 of 18 Pages --------- --- ---- - ---------------------------- ------------------------------ - -------------------------------------------------------------------------------- NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) CSFB Global Opportunities Partners (Bermuda), L.P. - -------------------------------------------------------------------------------- CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] 2 (b) [X] - -------------------------------------------------------------------------------- SEC USE ONLY 3 - -------------------------------------------------------------------------------- SOURCE OF FUNDS 4 AF, WC - -------------------------------------------------------------------------------- CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 5 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- CITIZENSHIP OR PLACE OF ORGANIZATION 6 Bermuda - -------------------------------------------------------------------------------- NUMBER OF SOLE VOTING POWER SHARES 7 BENEFICIALLY 0 OWNED BY ----------------------------------------------------------- EACH SHARED VOTING POWER REPORTING 8 PERSON 3,398,568 WITH ----------------------------------------------------------- SOLE DISPOSITIVE POWER 9 0 ----------------------------------------------------------- SHARED DISPOSITIVE POWER 10 3,398,568 - -------------------------------------------------------------------------------- AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 3,398,568 - -------------------------------------------------------------------------------- CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] 12 - -------------------------------------------------------------------------------- PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 11.28% - -------------------------------------------------------------------------------- TYPE OF REPORTING PERSON 14 PN - -------------------------------------------------------------------------------- SCHEDULE 13D - ---------------------------- ------------------------------ CUSIP No. 715338109 Page 5 of 18 Pages --------- --- ---- - ---------------------------- ------------------------------ - -------------------------------------------------------------------------------- NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Hemisphere Global Opportunities Partners, Ltd. - -------------------------------------------------------------------------------- CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] 2 (b) [X] - -------------------------------------------------------------------------------- SEC USE ONLY 3 - -------------------------------------------------------------------------------- SOURCE OF FUNDS 4 AF, WC - -------------------------------------------------------------------------------- CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 5 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- CITIZENSHIP OR PLACE OF ORGANIZATION 6 Bermuda - -------------------------------------------------------------------------------- NUMBER OF SOLE VOTING POWER SHARES 7 BENEFICIALLY 0 OWNED BY ----------------------------------------------------------- EACH SHARED VOTING POWER REPORTING 8 PERSON 3,398,568 WITH ----------------------------------------------------------- SOLE DISPOSITIVE POWER 9 0 ----------------------------------------------------------- SHARED DISPOSITIVE POWER 10 3,398,568 - -------------------------------------------------------------------------------- AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 3,398,568 - -------------------------------------------------------------------------------- CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] 12 - -------------------------------------------------------------------------------- PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 11.28% - -------------------------------------------------------------------------------- TYPE OF REPORTING PERSON 14 CO, HC - -------------------------------------------------------------------------------- SCHEDULE 13D - ---------------------- -------------------------------- CUSIP No. 715338109 Page 6 of 18 Pages --------- - -- - ---------------------- -------------------------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Mutual Trust Management (Bermuda) Limited (formerly The Hemisphere Trust Company Limited) - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[_] (b)[X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS AF, 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 Bermuda - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 0 OWNED BY -------------------------------------------------------------- EACH 8 SHARED VOTING POWER REPORTING PERSON 3,398,568 WITH -------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 -------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 3,398,568 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,398,568 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.28% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO, HC - -------------------------------------------------------------------------------- SCHEDULE 13D - ---------------------- ---------------------------- CUSIP No. 715338109 Page 7 of 18 Pages --------- - -- - ---------------------- ---------------------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Links Partners, LP - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[_] (b)[X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS AF, 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 Bahamas - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 0 OWNED BY -------------------------------------------------------------- EACH 8 SHARED VOTING POWER REPORTING PERSON 3,398,568 WITH -------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 -------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 3,398,568 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,398,568 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.28% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- SCHEDULE 13D - ----------------------------------- ----------------------------- CUSIP No. 715338109 Page 8 of 18 Pages --------- - -- - ----------------------------------- ----------------------------- - -------------------------------------------------------------------------------- NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Inland Partners, LP - -------------------------------------------------------------------------------- CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 2 (a) [_] (b) [X] - -------------------------------------------------------------------------------- SEC USE ONLY 3 - -------------------------------------------------------------------------------- SOURCE OF FUNDS 4 AF, WC - -------------------------------------------------------------------------------- CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- CITIZENSHIP OR PLACE OF ORGANIZATION 6 Bahamas - -------------------------------------------------------------------------------- NUMBER OF SOLE VOTING POWER SHARES 7 BENEFICIALLY 0 OWNED BY ---------------------------------------------------------- EACH SHARED VOTING POWER REPORTING 8 PERSON 3,398,568 WITH ---------------------------------------------------------- SOLE DISPOSITIVE POWER 9 0 ---------------------------------------------------------- SHARED DISPOSITIVE POWER 10 3,398,568 - -------------------------------------------------------------------------------- AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 3,398,568 - -------------------------------------------------------------------------------- CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN 12 SHARES [_] - -------------------------------------------------------------------------------- PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 11.28% - -------------------------------------------------------------------------------- TYPE OF REPORTING PERSON 14 PN - -------------------------------------------------------------------------------- SCHEDULE 13D - ----------------------------------- ----------------------------- CUSIP No. 715338109 Page 9 of 18 Pages --------- - -- - ----------------------------------- ----------------------------- - -------------------------------------------------------------------------------- NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Coryton Management Ltd. - -------------------------------------------------------------------------------- CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 2 (a) [_] (b) [X] - -------------------------------------------------------------------------------- SEC USE ONLY 3 - -------------------------------------------------------------------------------- SOURCE OF FUNDS 4 AF, WC - -------------------------------------------------------------------------------- CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- CITIZENSHIP OR PLACE OF ORGANIZATION 6 Bahamas - -------------------------------------------------------------------------------- NUMBER OF SOLE VOTING POWER SHARES 7 BENEFICIALLY 0 OWNED BY ---------------------------------------------------------- EACH SHARED VOTING POWER REPORTING 8 PERSON 3,398,568 WITH ---------------------------------------------------------- SOLE DISPOSITIVE POWER 9 0 ---------------------------------------------------------- SHARED DISPOSITIVE POWER 10 3,398,568 - -------------------------------------------------------------------------------- AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 3,398,568 - -------------------------------------------------------------------------------- CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN 12 SHARES [_] - -------------------------------------------------------------------------------- PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 11.28% - -------------------------------------------------------------------------------- TYPE OF REPORTING PERSON 14 CO, HC - -------------------------------------------------------------------------------- SCHEDULE 13D - ---------------------------- ------------------------------ CUSIP No. 715338109 Page 10 of 18 Pages --------- ---- ---- - ---------------------------- ------------------------------ - -------------------------------------------------------------------------------- NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Arthur Coady - -------------------------------------------------------------------------------- CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] 2 (b) [X] - -------------------------------------------------------------------------------- SEC USE ONLY 3 - -------------------------------------------------------------------------------- SOURCE OF FUNDS 4 AF, WC - -------------------------------------------------------------------------------- CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 5 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- CITIZENSHIP OR PLACE OF ORGANIZATION 6 Canada - -------------------------------------------------------------------------------- NUMBER OF SOLE VOTING POWER SHARES 7 BENEFICIALLY 0 OWNED BY ----------------------------------------------------------- EACH SHARED VOTING POWER REPORTING 8 PERSON 3,398,568 WITH ----------------------------------------------------------- SOLE DISPOSITIVE POWER 9 0 ----------------------------------------------------------- SHARED DISPOSITIVE POWER 10 3,398,568 - -------------------------------------------------------------------------------- AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 3,398,568 - -------------------------------------------------------------------------------- CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] 12 - -------------------------------------------------------------------------------- PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 11.28% - -------------------------------------------------------------------------------- TYPE OF REPORTING PERSON 14 IN, HC - -------------------------------------------------------------------------------- SCHEDULE 13D - ---------------------------- ------------------------------ CUSIP No. 715338109 Page 11 of 18 Pages --------- ---- ---- - ---------------------------- ------------------------------ - -------------------------------------------------------------------------------- NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Elias Sabo - -------------------------------------------------------------------------------- CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] 2 (b) [X] - -------------------------------------------------------------------------------- SEC USE ONLY 3 - -------------------------------------------------------------------------------- SOURCE OF FUNDS 4 AF, WC - -------------------------------------------------------------------------------- CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 5 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- CITIZENSHIP OR PLACE OF ORGANIZATION 6 U.S.A. - -------------------------------------------------------------------------------- NUMBER OF SOLE VOTING POWER SHARES 7 BENEFICIALLY 0 OWNED BY ----------------------------------------------------------- EACH SHARED VOTING POWER REPORTING 8 PERSON 3,398,568 WITH ----------------------------------------------------------- SOLE DISPOSITIVE POWER 9 0 ----------------------------------------------------------- SHARED DISPOSITIVE POWER 10 3,398,568 - -------------------------------------------------------------------------------- AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 3,398,568 - -------------------------------------------------------------------------------- CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] 12 - -------------------------------------------------------------------------------- PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 11.28% - -------------------------------------------------------------------------------- TYPE OF REPORTING PERSON 14 IN - -------------------------------------------------------------------------------- SCHEDULE 13D - --------------------------- -------------------------------- CUSIP No. 715338109 Page 12 of 18 Pages --------- ----- ----- - --------------------------- -------------------------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) I. Joseph Massoud - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS AF, 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 U.S.A. - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 0 OWNED BY --------------------------------------------------------- EACH 8 SHARED VOTING POWER REPORTING PERSON 3,398,568 WITH --------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 --------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 3,398,568 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,398,568 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.28% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- Introduction. This Amendment No. 1 amends and supplements the Schedule 13D, dated April 4, 2002 ("Schedule 13D"), filed with the Securities and Exchange Commission by (i) Credit Suisse First Boston (the "Bank"), a Swiss bank, on behalf of itself and its subsidiaries, to the extent that they constitute part of the investment banking business ("CSFB Investment Banking") of the Credit Suisse First Boston business unit (the "CSFB business unit") in accordance with Securities and Exchange Commission Release No. 34-39538 (January 12, 1998); (ii) CSFB Global Opportunities Partners, L.P., a limited partnership organized under the laws of Delaware ("CSFB Partners (Delaware)"), CSFB Global Opportunities Partners (Bermuda), L.P., an exempted limited partnership organized under the laws of Bermuda ("CSFB Partners (Bermuda)"), Links Partners, LP, a Bahamian exempted limited partnership ("Links"), and Inland Partners, LP, a Bahamian exempted limited partnership ("Inland"), by virtue of their beneficial ownership of $60,537,000 aggregate face amount of the Issuer's 5-3/4% Convertible Subordinated Notes due July 2004 (the "Notes"), which are immediately convertible into 3,398,568 shares of Issuer Common Stock, (iii) Hemisphere Global Opportunities Partners, Ltd., a Bermuda corporation ("Hemisphere Partners"), as general partner of CSFB Partners (Delaware) and CSFB Partners (Bermuda), (iv) Mutual Trust Management (Bermuda) Limited (formerly The Hemisphere Trust Company Limited), a Bermuda licensed trust company ("Mutual Trust"), the trustee of The Hemisphere Global Opportunities Partners Charitable Trust, as the sole shareholder of Hemisphere Partners, (v) Coryton Management Ltd., a Bahamian corporation ("Coryton"), as general partner of Links and Inland, (vi) Arthur Coady, as director and sole shareholder of Coryton, and (vii) Elias Sabo and I. Joseph Massoud, as attorneys-in-fact for each of Links and Inland, who have investment authority over securities held by Links and Inland (CSFB Investment Banking, CSFB Partners (Delaware), CSFB Partners (Bermuda), Links, Inland, Hemisphere Partners, Mutual Trust, Coryton, Arthur Coady, Elias Sabo and I. Joseph Massoud, collectively, the "Reporting Persons," and each a "Reporting Person"), with respect to the common stock, par value $0.01 per share (the "Issuer Common Stock"), of Personnel Group of America, Inc., a Delaware corporation (the "Issuer"). The Issuer's principal executive offices are located at 5605 Carnegie Boulevard, Suite 500, Charlotte, North Carolina 28209. Item 1. Security and Issuer. ------------------- See Schedule 13D. Item 2. Identity and Background. ----------------------- Item 2 of Schedule 13D is amended by deleting all references to "David Brodsky" in Schedule E thereto. Item 3. Source and Amount of Funds or other Consideration. ------------------------------------------------- See Schedule 13D. Page 13 of 18 Pages Item 4. Purpose of Transaction. ---------------------- Item 4 of Schedule 13D is amended by adding the following to the end of said Item 4: On May 16, 2002, CSFB Partners (Delaware) purchased from a lender an aggregate of $30.6 million of revolving loan commitment (the "Loans") under the Amended and Restated Credit Agreement, dated as of June 23, 1997, among the Issuer, as borrower, the Issuer's subsidiaries from time to time party thereto, as guarantors, the several lenders from time to time party thereto, and Bank of America, N.A., formerly NationsBank, N.A., as agent, as amended (the "Credit Agreement"). According to the Issuer's Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2002, this amount constituted 22.5% of the total commitments provided under the Credit Agreement, and approximately $25.0 million of outstanding loans as of March 31, 2002. Each of Links and Inland subsequently purchased $8.0 million and $7.0 million, respectively, of the Loans from CSFB Partners (Delaware). Item 5. Interest in Securities of the Issuer. ------------------------------------ See Schedule 13D. Item 6. Contracts, Arrangements, Understandings or Relationships With ------------------------------------------------------------- Respect to Securities of the Issuer. ----------------------------------- See Schedule 13D. Item 7. Materials to be Filed as Exhibits. --------------------------------- See Schedule 13D. Page 14 of 18 Pages SIGNATURE After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this Statement is true, complete and correct. Dated: June 5, 2002 CSFB GLOBAL OPPORTUNITIES PARTNERS, L.P. By: Hemisphere Global Opportunities Partners, Ltd. By: /s/ Marty Brandt ------------------------------------- Name: Marty Brandt Title: Director CSFB GLOBAL OPPORTUNITIES PARTNERS (BERMUDA), L.P. By: Hemisphere Global Opportunities Partners, Ltd. By: /s/ Marty Brandt ------------------------------------- Name: Marty Brandt Title: Director HEMISPHERE GLOBAL OPPORTUNITIES PARTNERS, LTD. By: /s/ Marty Brandt ------------------------------------- Name: Marty Brandt Title: Director MUTUAL TRUST MANAGEMENT (BERMUDA) LIMITED (formerly THE HEMISPHERE TRUST COMPANY LIMITED) By: /s/ Colin Alexander ------------------------------------- Name: Colin Alexander Title: Alternate Director Page 15 of 18 Pages LINKS PARTNERS, LP By: Coryton Management Ltd., its general partner By: /s/ Arthur Coady ----------------------------- Name: Arthur Coady Title: President INLAND PARTNERS, LP By: Coryton Management Ltd., its general partner By: /s/ Arthur Coady ----------------------------- Name: Arthur Coady Title: President CORYTON MANAGEMENT LTD. By: /s/ Arthur Coady ----------------------------- Name: Arthur Coady Title: President ARTHUR COADY By: /s/ Arthur Coady ----------------------------- Name: Arthur Coady Page 16 of 18 Pages ELIAS SABO By: /s/ Elias Sabo ----------------------------- Name: Elias Sabo I. JOSEPH MASSOUD By: /s/ I. Joseph Massoud ----------------------------- Name: I. Joseph Massoud Page 17 of 18 Pages CREDIT SUISSE FIRST BOSTON, on behalf of the investment banking business of the Credit Suisse First Boston business unit By: /s/ Ivy B. Dodes ----------------------------- Name: Ivy B. Dodes Title: Managing Director Page 18 of 18 Pages -----END PRIVACY-ENHANCED MESSAGE-----