13F-HR 1 sch2q06.txt FORM 13F HOLDINGS REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: June 30, 2006 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Schultze Asset Management, LLC Address: 3000 Westchester Avenue Purchase, NY 10577 13F File Number: 28-11358 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Mr. George J. Schultze Title: Managing Member Phone: 914-701-5260 Signature, Place, and Date of Signing: George J. Schultze Purchase, NY July 20, 2006 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form13F Information Table Entry Total: 19 Form13F Information Table Value Total: $226,695 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. NONE FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- BAUSCH & LOMB INC COM 071707103 2427 49499 SH Sole 49499 0 0 BLOCKBUSTER INC CL A 093679108 16346 3282306 SH Sole 3282306 0 0 GOLD KIST INC COM 380614107 8283 619534 SH Sole 619534 0 0 HAWAIIAN HOLDINGS INC COM 419879101 5425 1595513 SH Sole 1595513 0 0 HORIZON OFFSHORE INC COM NEW 44043j204 908 43324 SH Sole 43324 0 0 IDT CORP CL B 448947309 8686 629861 SH Sole 629861 0 0 IMPERIAL SUGAR CO NEW COM NEW 453096208 5143 216842 SH Sole 216842 0 0 INTERNATIONAL COAL GRP INC N COM 45928h106 26022 3619174 SH Sole 3619174 0 0 KINDRED HEALTHCARE INC COM 494580103 1482 57000 SH Sole 57000 0 0 KRISPY KREME DOUGHNUTS INC COM 501014104 28279 3474108 SH Sole 3474108 0 0 MAGELLAN HEALTH SVCS INC COM NEW 559079207 3330 73489 SH Sole 73489 0 0 MERCK & CO INC COM 589331107 3506 96240 SH Sole 96240 0 0 MIRANT CORP NEW COM 60467r100 22162 826953 SH Sole 826953 0 0 MOVIE GALLERY INC COM 624581104 26506 4268314 SH Sole 4268314 0 0 NTL INC DEL COM 62941w101 2997 120367 SH Sole 120367 0 0 PILGRIMS PRIDE CORP COM 721467108 11863 459809 SH Sole 459809 0 0 SEARS HLDGS CORP COM 812350106 13235 85221 SH Sole 85221 0 0 VERIZON COMMUNICATIONS COM 92343v104 18233 544440 SH Sole 544440 0 0 WASHINGTON GROUP INTL INC COM NEW 938862208 21862 409859 SH Sole 409859 0 0