-----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, NkcIm27uzLdrOm4IS5vwyCkJjiVRRukd0rw6MtYktZaTfoixa5kwKlsTxhBGRZ8p AUiA/SEgrtTn+ppS+uiFfw== 0000938775-06-000039.txt : 20060425 0000938775-06-000039.hdr.sgml : 20060425 20060425153027 ACCESSION NUMBER: 0000938775-06-000039 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20060317 FILED AS OF DATE: 20060425 DATE AS OF CHANGE: 20060425 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PRG SCHULTZ INTERNATIONAL INC CENTRAL INDEX KEY: 0001007330 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ENGINEERING, ACCOUNTING, RESEARCH, MANAGEMENT [8700] IRS NUMBER: 582213805 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 600 GALLERIA PARKWAY STREET 2: STE 100 CITY: ATLANTA STATE: GA ZIP: 30339-5949 BUSINESS PHONE: 7707793311 MAIL ADDRESS: STREET 1: 600 GALLERIA PARKWAY STREET 2: STE 100 CITY: ATLANTA STATE: GA ZIP: 30339-5949 FORMER COMPANY: FORMER CONFORMED NAME: PROFIT RECOVERY GROUP INTERNATIONAL INC DATE OF NAME CHANGE: 19960207 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: BLUM STRATEGIC GP II LLC CENTRAL INDEX KEY: 0001233405 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-28000 FILM NUMBER: 06777912 BUSINESS ADDRESS: STREET 1: 909 MONTGOMERY STREET STREET 2: SUITE 400 CITY: SAN FRANCISCO STATE: CA ZIP: 94133 BUSINESS PHONE: 4154341111 MAIL ADDRESS: STREET 1: 909 MONTGOMERY STREET STREET 2: SUITE 400 CITY: SAN FRANCISCO STATE: CA ZIP: 94133 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: BLUM STRATEGIC GP LLC CENTRAL INDEX KEY: 0001233404 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-28000 FILM NUMBER: 06777913 BUSINESS ADDRESS: STREET 1: 909 MONTGOMERY STREET STREET 2: SUITE 400 CITY: SAN FRANCISCO STATE: CA ZIP: 94133 BUSINESS PHONE: 4154341111 MAIL ADDRESS: STREET 1: 909 MONTGOMERY STREET STREET 2: SUITE 400 CITY: SAN FRANCISCO STATE: CA ZIP: 94133 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: RICHARD C BLUM & ASSOCIATES INC CENTRAL INDEX KEY: 0000847243 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-28000 FILM NUMBER: 06777914 BUSINESS ADDRESS: STREET 1: 909 MONTGOMERY STREET STREET 2: SUITE 400 CITY: SAN FRANCISCO STATE: CA ZIP: 94133 BUSINESS PHONE: 415-434-1111 MAIL ADDRESS: STREET 1: 909 MONTGOMERY STREET STREET 2: SUITE 400 CITY: SAN FRANCISCO STATE: CA ZIP: 94133 FORMER NAME: FORMER CONFORMED NAME: BLUM RICHARD C & ASSOCIATES INC DATE OF NAME CHANGE: 19931213 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: BLUM CAPITAL PARTNERS LP CENTRAL INDEX KEY: 0000938775 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-28000 FILM NUMBER: 06777915 BUSINESS ADDRESS: STREET 1: 909 MONTGOMERY STREET # 400 CITY: SAN FRANCISCO STATE: CA ZIP: 94133 BUSINESS PHONE: 4154341111 MAIL ADDRESS: STREET 1: 909 MONTGOMERY STREET STREET 2: SUITE 400 CITY: SAN FRANCISCO STATE: CA ZIP: 94133 FORMER NAME: FORMER CONFORMED NAME: BLUM RICHARD C & ASSOCIATES L P DATE OF NAME CHANGE: 19970219 4 1 edgar.xml PRIMARY DOCUMENT X0202 4 2006-03-17 0001007330 PRG SCHULTZ INTERNATIONAL INC PRGX 0000938775 BLUM CAPITAL PARTNERS LP 909 MONTGOMERY STREET, SUITE 400 SAN FRANCISCO CA 94133 0 0 1 0 0000847243 RICHARD C BLUM & ASSOCIATES INC 909 MONTGOMERY STREET, SUITE 400 SAN FRANCISCO CA 94133 0 0 1 0 0001233404 BLUM STRATEGIC GP LLC 909 MONTGOMERY STREET, SUITE 400 SAN FRANCISCO CA 94133 0 0 1 0 0001233405 BLUM STRATEGIC GP II LLC 909 MONTGOMERY STREET, SUITE 400 SAN FRANCISCO CA 94133 0 0 1 0 Common Stock 61700 D Common Stock 195286 D Common Stock 178700 D Common Stock 29660 D Common Stock 173754 D Common Stock 83000 D Common Stock 117700 D Common Stock 8276400 D Common Stock 170648 D Common Stock 225 D 4.75% Convertible Subordinated Notes due 2006 2006-03-17 4 J 0 7347 7.74 D 2006-11-26 Common Stock 949225 0 D Series A Convertible Participating Preferred Stock 2006-03-17 4 J 0 7347 A 2011-03-15 Common Stock 3104108 7347 D 10.0% Senior Convertible Notes due 2011 .65 2006-03-17 4 J 0 3526560.00 A 2011-03-15 Common Stock 5425479 3526560.00 D 4.75% Convertible Subordinated Notes due 2006 2006-03-17 4 J 0 6000 7.74 D 2006-11-26 Common Stock 775194 0 D Series A Convertible Participating Preferred Stock 2006-03-17 4 J 0 6000 A 2011-03-15 Common Stock 2535000 6000 D 10.0% Senior Convertible Notes due 2011 .65 2006-03-17 4 J 0 2880000.00 A 2011-03-15 Common Stock 4430771 2880000.00 D 4.75% Convertible Subordinated Notes due 2006 2006-03-17 4 J 0 1116 7.74 D 2006-11-26 Common Stock 144186 0 D Series A Convertible Participating Preferred Stock 2006-03-17 4 J 0 1116 A 2011-03-15 Common Stock 471510 1116 D 10.0% Senior Convertible Notes due 2011 .65 2006-03-17 4 J 0 535680.00 A 2011-03-15 Common Stock 824123 535680.00 D 4.75% Convertible Subordinated Notes due 2006 2006-03-17 4 J 0 6537 7.74 D 2006-11-26 Common Stock 844574 0 D Series A Convertible Participating Preferred Stock 2006-03-17 4 J 0 6537 A 2011-03-15 Common Stock 2761883 6537 D 10.0% Senior Convertible Notes due 2011 .65 2006-03-17 4 J 0 3137760.00 A 2011-03-15 Common Stock 4827325 3137760.00 D 4.75% Convertible Subordinated Notes due 2006 2006-03-17 4 J 0 14697 7.74 D 2006-11-26 Common Stock 1898838 0 D Series A Convertible Participating Preferred Stock 2006-03-17 4 J 0 14697 A 2011-03-15 Common Stock 6209483 14697 D 10.0% Senior Convertible Notes due 2011 .65 2006-03-17 4 J 0 7054560.00 A 2011-03-15 Common Stock 10853172 7054560.00 D 4.75% Convertible Subordinated Notes due 2006 2006-03-17 4 J 0 303 7.74 D 2006-11-26 Common Stock 39147 0 D Series A Convertible Participating Preferred Stock 2006-03-17 4 J 0 303 A 2011-03-15 Common Stock 128018 303 D 10.0% Senior Convertible Notes due 2011 .65 2006-03-17 4 J 0 145440.00 A 2011-03-15 Common Stock 223754 145440.00 D 4.75% Convertible Subordinated Notes due 2006 2006-03-17 4 J 0 6 7.74 D 2006-11-26 Common Stock 775 0 D Series A Convertible Participating Preferred Stock 2006-03-17 4 J 0 6 A 2011-03-15 Common Stock 2535 6 D 10.0% Senior Convertible Notes due 2011 .65 2006-03-17 4 J 0 2880.00 A 2011-03-15 Common Stock 4431 2880.00 D These shares are owned directly by Stinson Capital Fund (Cayman), Ltd. These shares are owned directly by Stinson Capital Partners, L.P. These shares are owned directly by Stinson Capital Partners II, L.P These shares are owned directly by Stinson Capital Partners S, L.P. ("Stinson S"). These shares are owned directly by Stinson Capital Partners (QP), L.P. ("Stinson QP") These shares are owned directly by BK Capital Partners IV, L.P. These shares are owned directly by Blum Strategic Partners, L.P. ("Blum Strategic"). The shares also may be deemed to be owned indirectly by Blum Strategic GP, L.L.C. ("Blum GP"), the general partner of Blum Strategic. Blum GP disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest therein. These shares are owned directly by Blum Strategic Partners II, L.P ("Strategic II"). The shares also may be deemed to be owned indirectly by Blum Strategic GP II, L.L.C. ("Blum GP II"), the general partner of Strategic II. Blum GP II disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest therein. These shares are owned directly by Blum Strategic Partners II GMBH & Co. KG ("Strategic II KG"). The shares also may be deemed to be owned indirectly by Blum GP II, the managing limited partner of Strategic II KG. Blum GP II disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest therein. These shares may be deemed to be owned indirectly by the following parties: (i) Blum LP, an investment manager with voting and investment discretion for the investment advisory account described in Note (1) and the general partner of the limited partnerships described in Notes (2), (3), (4), (5), and (6); and (ii) Richard C. Blum & Associates, Inc. ("RCBA Inc."), the general partner of Blum LP. Blum LP and RCBA Inc. disclaim beneficial ownership in these shares, except to the extent of any pecuniary interest therein. These shares are directly owned by Blum LP. They may be deemed to be owned indirectly by RCBA Inc., as described in Note (10) above. RCBA Inc. disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest therein. As part of the Issuer's financial restructuring plan, each 4.75% Convertible Subordinated Note due 2006 having a principal amount of $1,000, was exchanged for: 1) one share of 9.0% Senior Series A Convertible Participating Preferred Stock, each share having a liquidation preference of $120.00, which is convertible into shares of common stock at a conversion price of $0.28405 per share; 2) $480 principal amount of 10.0% Senior Convertible Notes due 2011 (10% Senior Notes"); and 3) $400 principal amount of 11.0% Senior Notes due 2011. Immediately exercisable. After August 15, 2006, but prior to the new conversion rights date, which is defined as the first date on which each of the following has occurred: 1) the effectivness of a registration statement covering the resale of the 10% Senior Notes; and 2) a majority of the Issuer's common stock shareholders have approved an increase in the amount of authorized shares of common stock, each $1,000 of face amount of 10% Senior Notes are convertible into 2.083 shares of Series B Convertible Preferred Stock ("Series B Stock"). Each share of Series B Stock will be convertible into common stock at an initial conversion price per share of $0.65. If the new conversion rights date occurs on or before August 15, 2006, the 10% Senior Notes will only be convertible into common stock and no Series B Stock will be issued. See Attached Signature Page 2006-04-25 EX-99 2 prgxjntfilerinfop1.txt JOINT FILING STATEMENT Exhibit 99 Joint Filer Information Designated Filer: BLUM CAPITAL PARTNERS, L.P. Statement for Month/Day/Year: March 17, 2006 Issuer & Symbol: PRG-Schultz International, Inc. (PRGX) Address of each Reporting Person for this Form 4: 909 Montgomery Street, Suite 400, San Francisco, CA 94133 Relationship to Issuer of each Reporting Person: 10% Owner Signatures After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. April 25, 2006 RICHARD C. BLUM & ASSOCIATES, INC. BLUM CAPITAL PARTNERS, L.P. By: Richard C. Blum & Associates, Inc., its general partner By: /s/ Gregory D. Hitchan By: /s/ Gregory D. Hitchan ----------------------- ----------------------- Gregory D. Hitchan Gregory D. Hitchan Partner, General Counsel and Partner, General Counsel and Secretary Secretary BK CAPITAL PARTNERS IV, L.P. STINSON CAPITAL PARTNERS, L.P. STINSON CAPITAL PARTNERS II, L.P. STINSON CAPITAL FUND (CAYMAN), LTD. STINSON CAPITAL PARTNERS S, L.P. By: BLUM CAPITAL PARTNERS, L.P., STINSON CAPITAL PARTNERS (QP), L.P. its investment advisor By: BLUM CAPITAL PARTNERS, L.P., By: Richard C. Blum & Associates, Inc., its general partner its general partner By: Richard C. Blum & Associates, Inc., its general partner By: /s/ Gregory D. Hitchan By: /s/ Gregory D. Hitchan ---------------------- ----------------------- Gregory D. Hitchan Gregory D. Hitchan Partner, General Counsel and Partner, General Counsel and Secretary Secretary BLUM STRATEGIC GP, L.L.C. BLUM STRATEGIC PARTNERS, L.P. By: BLUM STRATEGIC GP, L.L.C., its general partner By: /s/ Gregory D. Hitchan By: /s/ Gregory D. Hitchan ------------------------- -------------------------- Gregory D. Hitchan, Gregory D. Hitchan, Member and General Counsel Member and General Counsel EX-99 3 prgxjntfilerinfop2.txt JOINT FILING STATEMENT Exhibit 99 Joint Filer Information (cont.) Designated Filer: BLUM CAPITAL PARTNERS, L.P. Statement for Month/Day/Year: March 17, 2006 Issuer & Symbol: PRG-Schultz International, Inc. (PRGX) Address of each Reporting Person for this Form 4: 909 Montgomery Street Suite 400 San Francisco, CA 94133 Relationship to Issuer of each Reporting Person: 10% Owner BLUM STRATEGIC GP II, L.L.C. BLUM STRATEGIC PARTNERS II, L.P. By: BLUM STRATEGIC GP II, L.L.C., its general partner By: /s/ Gregory D. Hitchan By: /s/ Gregory D. Hitchan ---------------------- ---------------------- Gregory D. Hitchan, Gregory D. Hitchan, Member and General Counsel Member and General Counsel BLUM STRATEGIC PARTNERS II GMBH & CO. KG By: BLUM STRATEGIC GP II, L.L.C., its managing limited partner By: /s/ Gregory D. Hitchan --------------------------- Gregory D. Hitchan, Member and General Counsel -----END PRIVACY-ENHANCED MESSAGE-----