SECURITIES & EXCHANGE COMMISSION
                             Washington, D.C. 20549
                             ----------------------

                                  SCHEDULE 13G*
                                 (Rule 13d-102)

             INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
           TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
                              PURSUANT TO 13d-2(b)

                                    WHX Corp
                                (Name of Issuer)

                          Common Stock, $0.01 Per Share
                         (Title of Class of Securities)

                                    929248508
                                 (CUSIP Number)

                                October 24, 2005
             (Date of event which requires filing of this statement)


     Check the appropriate box to designate the rule pursuant to which this
Schedule 13G is filed:
     [ ]  Rule 13d-1(b)
     [X]  Rule 13d-1(c)
     [ ]  Rule 13d-1(d)








                               (Page 1 of 5 Pages)


- ----------------
     *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 in the remainder of this cover page shall not be
deemed to be "filed" for purposes 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. 929248508                 13G                    Page 2 of 5 Pages

- ----------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS

    Praesidium Investment Management Company, LLC (See Item 2(A))

    I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

    20-0302413

- -----------------------------------------------------------------------------
     (2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
                                                                  (a)  [X]
                                                                  (b)  [ ]
- -----------------------------------------------------------------------------
     (3) SEC USE ONLY
- -----------------------------------------------------------------------------
     (4) CITIZENSHIP OR PLACE OF ORGANIZATION
                            Delaware
- -----------------------------------------------------------------------------
NUMBER OF      (5)  SOLE VOTING POWER
                                              -0-
SHARES         ______________________________________________________________

BENEFICIALLY   (6)  SHARED VOTING POWER
                                                726,541  (See Item 4)
OWNED BY       ______________________________________________________________

EACH           (7)  SOLE DISPOSITIVE POWER
                                                -0-
REPORTING      ______________________________________________________________

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                                                726,541  (See Item 4)
- -----------------------------------------------------------------------------
     (9)    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                                                726,541  (See Item 4)
- -----------------------------------------------------------------------------
     (10) CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES **                       [ ]
- -----------------------------------------------------------------------------
     (11)   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
                                                7.26%
- -----------------------------------------------------------------------------
     (12) TYPE OF REPORTING PERSON **
                                                OO
- -----------------------------------------------------------------------------
                     ** SEE INSTRUCTIONS BEFORE FILLING OUT!






CUSIP No. 929248508                 13G                    Page 3 of 5 Pages

Item 1(a).     Name of Issuer:

         The name of the issuer is WHX Corp (the "Issuer").

Item 1(b).     Address of Issuer's Principal Executive Offices:

         The Issuer's principal executive offices are located at 110 East 59th
Street, New York, NY 10022.

Item 2(a).     Name of Person Filing:

         This schedule 13G is being filed by Praesidium Investment Management
Company, LLC, a Delaware limited liability company (the "Management Company")
which serves as investment manager or advisor to a number of hedge funds
(collectively the "Funds") with respect to the shares of Common Stock (as
defined in Item 2(d)) directly owned by the Funds.

Item 2(b).     Address of Principal Business Office or, if None, Residence:

         The address of the business office of the Reporting Person is 747 Third
Avenue, New York, New York 10017.

Item 2(c).     Citizenship:

         The Management Company is organized as a limited liability company
under the laws of the State of Delaware.

Item 2(d).     Title of Class of Securities:
     Common Stock, $0.01 par value (the "Common Stock")

Item 2(e).  CUSIP Number: 929248508

Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or
(c), check whether the person filing is a:

          (a) [ ] Broker or dealer registered under Section 15 of the Act,
          (b) [ ] Bank as defined in Section 3(a)(6) of the Act,
          (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act,
          (d) [ ] Investment Company registered under Section 8 of the
                  Investment Company Act of 1940,
          (e) [ ] Investment Adviser in accordance with Rule 13d-1 (b)(1)(ii)
                  (E),
          (f) [ ] Employee Benefit Plan or Endowment Fund in accordance with
                  Rule 13d-1 (b)(1)(ii)(F),
          (g) [ ] Parent Holding Company or control person in accordance with
                  Rule 13d-1 (b)(1)(ii)(G),
          (h) [ ] Savings Association as defined in Section 3(b) of the Federal
                  Deposit Insurance Act,
          (i) [ ] Church Plan that is excluded from the definition of an
                  investment company under Section 3(c)(14) of the Investment
                  Company Act of 1940,
           (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

     Not applicable.






CUSIP No. 929248508                 13G                    Page 4 of 5 Pages

Item 4.   Ownership.

Praesidium Investment Management Company, LLC

     (a)  Amount beneficially owned:                                   726,541
     (b)  Percent of class: 7.26% The percentages used herein and in the rest of
          Item 4 are calculated based upon the 10,000,000 shares of Common Stock
          outstanding as reported by the Issuer in a Press Release issued on
          July 22, 2005.
     (c)  (i)   Sole power to vote or direct the vote:                   -0-
          (ii)  Shared power to vote or direct the vote:               726,541
          (iii) Sole power to dispose or direct the disposition:         -0-
          (iv)  Shared power to dispose or direct the disposition:     726,541

Item 5.     Ownership of Five Percent or Less of a Class.

         Not applicable.

Item 6.     Ownership of More than Five Percent on Behalf of Another Person.

         See response to Item 2(A)

Item 7. Identification and Classification of the Subsidiary Which Acquired the
        Security Being Reported on by the Parent Holding Company.

         Not applicable.

Item 8.  Identification and Classification of Members of the Group.

         Not applicable.

Item 9.  Notice of Dissolution of Group.

         Not applicable.







CUSIP No. 929248508                 13G                   Page 5 of 5 Pages


Item 10.  Certification.

         The Reporting Person hereby makes the following certification:

         By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.

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.


DATED:  November __, 2005

                                PRAESIDIUM INVESTMENT MANAGEMENT COMPANY, LLC


                                By:      /S/ PETER UDDO
                                    --------------------------------------------
                                Name:    Peter Uddo
                                Title: Managing Member