0000898432-12-000221.txt : 20120215 0000898432-12-000221.hdr.sgml : 20120215 20120215094053 ACCESSION NUMBER: 0000898432-12-000221 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20120214 DATE AS OF CHANGE: 20120215 GROUP MEMBERS: MARK G. SCHOEPPNER GROUP MEMBERS: QUAKER CAPITAL PARTNERS I, L.P. GROUP MEMBERS: QUAKER CAPITAL PARTNERS II, L.P. GROUP MEMBERS: QUAKER PREMIER II, L.P. GROUP MEMBERS: QUAKER PREMIER, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PERFORMANCE TECHNOLOGIES INC \DE\ CENTRAL INDEX KEY: 0001003950 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER COMMUNICATIONS EQUIPMENT [3576] IRS NUMBER: 161158413 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-45715 FILM NUMBER: 12614437 BUSINESS ADDRESS: STREET 1: 205 INDIGO CREEK DRIVE CITY: ROCHESTER STATE: NY ZIP: 14626 BUSINESS PHONE: 5852560200 MAIL ADDRESS: STREET 1: 205 INDIGO CREEK DRIVE STREET 2: 205 INDIGO CREEK DRIVE CITY: ROCHESTER STATE: NY ZIP: 14626 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: QUAKER CAPITAL MANAGEMENT CORP CENTRAL INDEX KEY: 0000911092 IRS NUMBER: 251495646 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 601 TECHNOLOGY DRIVE STREET 2: SUITE 310 CITY: CANONSBURG STATE: PA ZIP: 15317 BUSINESS PHONE: 4122811948 MAIL ADDRESS: STREET 1: 601 TECHNOLOGY DRIVE STREET 2: SUITE 310 CITY: CANONSBURG STATE: PA ZIP: 15317 SC 13G/A 1 sc13g-a.htm sc13g-a.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 13G/A
 
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
 
PERFORMANCE TECHNOLOGIES, INCORPORATED
_______________________________________
(Name of Issuer)
 
Common Stock
_______________________________________
 (Title of Class of Securities)
 
71376K102
__________________
(CUSIP Number)
 
December 31, 2011
_______________________________________
 (Date of Event Which Requires Filing of this Statement)
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
/     /         Rule 13d-1(b)
/ X /         Rule 13d-1(c)
//  Rule 13d-1(d)
 
*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 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).
 
 
 
 
 
SCHEDULE 13G/A
CUSIP NO. 71376K102
 
1)
NAME OF REPORTING PERSON
         
Quaker Capital Management Corporation   
         
         
2)
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
(a)   [   ]
       
(b)   [   ]
3)
SEC USE ONLY
         
4)
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Commonwealth of
Pennsylvania
         
NUMBER OF SHARES BENEFICIALLY OWNED BY
EACH REPORTING PERSON WITH:
         
         
 
5)
SOLE VOTING POWER
1,494,115
         
 
6)
SHARED VOTING POWER
0              
         
 
7)
SOLE DISPOSITIVE POWER
1,494,115
         
 
8)
SHARED DISPOSITIVE POWER
0      
         
9)
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
  
       
1,494,115
10)
CHECK IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES
 
[    ]
  
         
         
11)
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
  
13.4%
 
 
    
 
         
12)
TYPE OF REPORTING PERSON
  
IA     
 
 
 
Page 2 of 15
 
 
SCHEDULE 13G/A
CUSIP NO. 71376K102
 
1)
NAME OF REPORTING PERSON
         
Quaker Capital Partners I, L.P.   
         
2)
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
(a)   [   ]
         (b)   [   ]
3)
SEC USE ONLY
         
4)
CITIZENSHIP OR PLACE OF ORGANIZATION
  
Delaware   
 
 
      
NUMBER OF SHARES BENEFICIALLY OWNED BY
EACH REPORTING PERSON WITH:
         
 
5)
SOLE VOTING POWER
980,700   
         
 
6)
SHARED VOTING POWER
0      
         
 
7)
SOLE DISPOSITIVE POWER
980,700   
         
 
8)
SHARED DISPOSITIVE POWER
0      
         
9)
AGGREGATE AMOUNT BENEFICIALLY OWNED
  
 
BY EACH REPORTING PERSON
980,700   
 
 
      
10)
CHECK IF THE AGGREGATE AMOUNT
  
 
IN ROW (9) EXCLUDES CERTAIN SHARES
[ X ]
  
         
 
Excludes 513,415 shares of the Issuer’s Common Stock owned of record by Quaker Capital Partners II, L.P.
         
11)
PERCENT OF CLASS REPRESENTED BY
 
AMOUNT IN ROW (9)
8.8%  
 
 
      
         
12)
TYPE OF REPORTING PERSON
  
PN   
 
 
 
Page 3 of 15
 
 
SCHEDULE 13G/A
CUSIP NO. 71376K102

1)
NAME OF REPORTING PERSON
    
         
Quaker Premier, L.P.   
 
2)
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
(a)   [   ]
       
(b)   [   ]
3)
SEC USE ONLY
  
         
4)
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
         
NUMBER OF SHARES BENEFICIALLY OWNED BY
EACH REPORTING PERSON WITH:
         
 
5)
SOLE VOTING POWER
 
980,700
         
 
6)
SHARED VOTING POWER
 
0   
         
 
7)
SOLE DISPOSITIVE POWER
980,700
         
 
8)
SHARED DISPOSITIVE POWER
0   
         
9)
AGGREGATE AMOUNT BENEFICIALLY OWNED
  
 
BY EACH REPORTING PERSON
980,700
         
10)
CHECK IF THE AGGREGATE AMOUNT
  
 
IN ROW (9) EXCLUDES CERTAIN SHARES
[ X ]
  
         
 
Excludes 513,415 shares of the Issuer’s Common Stock owned of record by Quaker Capital Partners II, L.P.
         
11)
PERCENT OF CLASS REPRESENTED BY
 
AMOUNT IN ROW (9)
8.8%  
         
12)
TYPE OF REPORTING PERSON
PN   
 
 
 
Page 4 of 15
 

SCHEDULE 13G/A
CUSIP NO. 71376K102
1)
NAME OF REPORTING PERSON
         
Quaker Capital Partners II, L.P.   
         
2)
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
     (a)   [   ]
 
 
    
(b)   [   ]
3)
SEC USE ONLY
         
4)
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
         
NUMBER OF SHARES BENEFICIALLY OWNED BY
EACH REPORTING PERSON WITH:
         
 
5)
SOLE VOTING POWER
 
513,415
         
 
6)
SHARED VOTING POWER
 
0   
         
 
7)
SOLE DISPOSITIVE POWER
  
513,415
         
 
8)
SHARED DISPOSITIVE POWER
  
0   
         
9)
AGGREGATE AMOUNT BENEFICIALLY OWNED
 
BY EACH REPORTING PERSON
513,415
         
10)
CHECK IF THE AGGREGATE AMOUNT
  
 
IN ROW (9) EXCLUDES CERTAIN SHARES
[ X ]
 
         
Excludes 980,700 shares of the Issuer’s Common Stock owned of record by Quaker Capital Partners I, L.P.
         
11)
PERCENT OF CLASS REPRESENTED BY
  
 
AMOUNT IN ROW (9)
4.6%  
         
         
12)
TYPE OF REPORTING PERSON
PN      
 
 
 
Page 5 of 15
 
 
SCHEDULE 13G/A
CUSIP NO. 71376K102

1)
NAME OF REPORTING PERSON
         
Quaker Premier II, L.P.   
         
2)
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
(a)   [   ]
       
(b)   [   ]
3)
SEC USE ONLY
    
         
4)
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
         
NUMBER OF SHARES BENEFICIALLY OWNED BY
EACH REPORTING PERSON WITH:
         
 
5)
SOLE VOTING POWER
513,415
         
 
6)
SHARED VOTING POWER
0   
         
 
7)
SOLE DISPOSITIVE POWER
513,415
         
 
8)
SHARED DISPOSITIVE POWER
0   
         
9)
AGGREGATE AMOUNT BENEFICIALLY OWNED
  
 
BY EACH REPORTING PERSON
513,415
         
10)
CHECK IF THE AGGREGATE AMOUNT
  
 
IN ROW (9) EXCLUDES CERTAIN SHARES
[ X ]
 
         
  Excludes 980,700 shares of the Issuer’s Common Stock owned of record by Quaker Capital Partners I, L.P.
         
11)
PERCENT OF CLASS REPRESENTED BY
  
 
AMOUNT IN ROW (9)
4.6%  
         
         
12)
TYPE OF REPORTING PERSON
PN   
 

 
 
Page 6 of 15
 
SCHEDULE 13G/A
CUSIP NO. 71376K102
 
1)
NAME OF REPORTING PERSON
         
Mark G. Schoeppner   
         
2)
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
(a)   [   ]
       
(b)   [   ]
3)
SEC USE ONLY
  
         
4)
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
of America   
         
NUMBER OF SHARES BENEFICIALLY OWNED BY
EACH REPORTING PERSON WITH:
         
 
5)
SOLE VOTING POWER
0      
         
 
6)
SHARED VOTING POWER
0      
         
 
7)
SOLE DISPOSITIVE POWER
0      
         
 
8)
SHARED DISPOSITIVE POWER
0      
         
9)
AGGREGATE AMOUNT BENEFICIALLY OWNED
  
 
BY EACH REPORTING PERSON
0      
         
10)
CHECK BOX IF THE AGGREGATE AMOUNT
  
 
IN ROW (9) EXCLUDES CERTAIN SHARES
[ X ]
  
         
 
Mark G. Schoeppner disclaims beneficial ownership of 1,494,115 shares of the Issuer’s Common Stock that may be deemed to be beneficially owned by Quaker Capital Partners I, L.P. and Quaker Capital Partners II, L.P.
         
11)
PERCENT OF CLASS REPRESENTED BY
 
AMOUNT IN ROW (9)
0%   
         
14)
TYPE OF REPORTING PERSON
IN   

 
Page 7 of 15
 
SCHEDULE 13G/A
CUSIP NO. 71376K102
 
Item 1.
    
 
(a)
Name of Issuer
  
   
PERFORMANCE TECHNOLOGIES, INCORPORATED
  
       
 
(b)
Address of Issuer’s Principal Executive Offices
  
   
205 Indigo Creek Drive, Rochester, New York 14626
  
       
Item 2.
    
 
(a)
Names of Persons Filing
  
   
Quaker Capital Management Corporation
  
   
Quaker Capital Partners I, L.P.
  
   
Quaker Capital Partners II, L.P.
  
   
Quaker Premier, L.P.
  
   
Quaker Premier II, L.P.
  
   
Mark G. Schoeppner            
  
       
 
(b)
Address of Principal Business Office or, if none, Residence
  
       
   
601 Technology Drive, Suite 310, Canonsburg, PA  15317
  
       
 
(c)
Citizenship
  
   
Quaker Capital Management Corporation - Pennsylvania corporation
  
   
Quaker Capital Partners I, L.P. – Delaware partnership
  
   
Quaker Capital Partners II, L.P.– Delaware partnership
  
   
Quaker Premier, L.P. – Delaware partnership
  
   
Quaker Premier II, L.P. – Delaware partnership
  
   
Mark G. Schoeppner – United States citizen    
  
       
 
(d)
Title of Class of Securities
  
   
Common Stock
  
       
 
 
Page 8 of 15
 
 
SCHEDULE 13G/A
CUSIP NO. 71376K102
 
 
(e)
CUSIP Number
  
   
71376K102
  
       
       
Item 3.
If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-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)
/ X /
An investment adviser in accordance with §240.13d-1(b)(l)(ii)(E);
       
 
(f)
/   /
An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
       
 
(g)
/   /
A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
       
 
(h)
/   /
A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;
       
 
(i)
/   /
A 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)
/   /
A non-U.S. institution in accordance with §240.13d-1(b)(l)(ii)(J);
       
 
(k)
/   /
Group, in accordance with §240.13d-1(b)(l)(ii)(K).
       
Item 4.
Ownership
  
       
 
Quaker Capital Management Corporation:
   
 
(a)
Amount Beneficially Owned: 1,494,115
 
 
 
Page 9 of 15
 
 
SCHEDULE 13G/A
CUSIP NO. 71376K102
 
   
The filing of this report shall not be construed as an admission that Quaker Capital Management Corporation is, for purposes of Section 13(d) or 13(g) of the Act or for any other purposes, the beneficial owner of these securities. Quaker Capital Management Corporation disclaims beneficial ownership of all 1,494,115 shares covered by this Schedule 13G/A.
     
 
(b)
Percent of Class: 13.4%
     
 
(c)
Number of shares as to which such person has:
     
   
(i)
Sole power to vote or to direct the vote:  1,494,115
       
   
(ii)
Shared power to vote or to direct the vote: 0
       
   
(iii)
Sole power to dispose or to direct the disposition of:  1,494,115
       
   
(iv)
Shared power to dispose or to direct the disposition of: 0
       
 
Quaker Capital Partners I, L.P.:
   
 
(a)
Amount Beneficially Owned: 980,700
     
   
The filing of this report shall not be construed as an admission that Quaker Capital Partners I, L.P. is, for purposes of Section 13(d) or 13(g) of the Act or for any other purposes, the beneficial owner of these securities. Quaker Capital Partners I, L.P. disclaims beneficial ownership of 513,415 shares covered by this Schedule 13G/A.
     
 
(b)
Percent of Class: 8.8%
     
 
(c)
Number of shares as to which such person has:
     
   
  (i)
Sole power to vote or to direct the vote:  980,700
       
   
  (ii)
Shared power to vote or to direct the vote: 0
       
   
  (iii)
Sole power to dispose or to direct the disposition of:  980,700
       
   
  (iv)
Shared power to dispose or to direct the disposition of: 0
 
 
Page 10 of 15
 
 
SCHEDULE 13G/A
CUSIP NO. 71376K102
 
Quaker Premier, L.P.:
 
 
(a)
Amount Beneficially Owned: 980,700
     
   
The filing of this report shall not be construed as an admission that Quaker Premier, L.P. is, for purposes of Section 13(d) or 13(g) of the Act or for any other purposes, the beneficial owner of these securities. Quaker Premier, L.P. disclaims beneficial ownership of 513,415 shares covered by this Schedule 13G/A.
     
 
(b)
Percent of Class: 8.8%
     
 
(c)
Number of shares as to which such person has:
     
   
(i)
Sole power to vote or to direct the vote:  980,700
       
   
(ii)
Shared power to vote or to direct the vote: 0
       
   
(iii)
Sole power to dispose or to direct the disposition of:  980,700
       
   
(iv)
Shared power to dispose or to direct the disposition of: 0
       
Quaker Capital Partners II, L.P.:
 
 
(a)
Amount Beneficially Owned: 513,415
     
   
The filing of this report shall not be construed as an admission that Quaker Capital Partners II, L.P. is, for purposes of Section 13(d) or 13(g) of the Act or for any other purposes, the beneficial owner of these securities. Quaker Capital Partners II, L.P. disclaims beneficial ownership of 980,700 shares covered by this Schedule 13G/A.
     
 
(b)
Percent of Class: 4.6%
     
 
(c)
Number of shares as to which such person has:
     
   
(i)
Sole power to vote or to direct the vote:  513,415
       
   
(ii)
Shared power to vote or to direct the vote: 0
       
   
(iii)
Sole power to dispose or to direct the disposition of:  513,415
       
 
 
 
Page 11 of 15
 
 
SCHEDULE 13G/A
CUSIP NO. 71376K102
 
   
(iv)
Shared power to dispose or to direct the disposition of: 0
       
Quaker Premier II, L.P.:
 
 
(a)
Amount Beneficially Owned: 513,415
     
   
The filing of this report shall not be construed as an admission that Quaker Premier II, L.P. is, for purposes of Section 13(d) or 13(g) of the Act or for any other purposes, the beneficial owner of these securities. Quaker Premier II, L.P. disclaims beneficial ownership of 980,700 shares covered by this Schedule 13G/A.
     
 
(b)
Percent of Class: 4.6%
     
 
(c)
Number of shares as to which such person has:
     
   
(i)
Sole power to vote or to direct the vote:  513,415
       
   
(ii)
Shared power to vote or to direct the vote: 0
       
   
(iii)
Sole power to dispose or to direct the disposition of:  513,415
       
   
(iv)
Shared power to dispose or to direct the disposition of: 0
       
Mark G. Schoeppner:
 
 
(a)
Amount Beneficially Owned: 0
     
   
The filing of this report shall not be construed as an admission that Mark G. Schoeppner is, for purposes of Section 13(d) or 13(g) of the Act or for any other purposes, the beneficial owner of these securities. Mark G. Schoeppner disclaims beneficial ownership of all 1,494,115 shares covered by this Schedule 13G/A.
     
 
(b)
Percent of Class: 0%
     
 
(c)
Number of shares as to which such person has:
     
   
(i)
Sole power to vote or to direct the vote:  0
       
   
(ii)
Shared power to vote or to direct the vote: 0
       
 
 
 
Page 12 of 15
 
 
SCHEDULE 13G/A
CUSIP NO. 71376K102
 
   
(iii)
Sole power to dispose or to direct the disposition of:  0
       
   
(iv)
Shared power to dispose or to direct the disposition of: 0
       
Item 5. Ownership of Five Percent or Less of a Class
 
If this statement is being filed to report the fact that as of the date hereof, the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following:
          
         
Item 6.
Ownership of More than Five Percent on Behalf of Another Person
       
   
Not applicable.
     
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person
     
   
Not applicable.
     
Item 8.
Identification and Classification of Members of the Group
     
   
Not applicable.
     
Item 9.
Notice of Dissolution of Group
     
   
Not applicable.
     
Item 10.
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.
 
 
 
Page 13 of 15
 
 
SCHEDULE 13G/A
CUSIP NO. 71376K102
 
SIGNATURE
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
February 14, 2012
QUAKER CAPITAL MANAGEMENT CORPORATION
  
         
 
/s/ Mark G. Schoeppner   
  
  Mark G. Schoeppner, President  
         
         
 
QUAKER CAPITAL PARTNERS I, L.P.
  
         
 
By:
Quaker Premier, L.P., its general partner
  
         
   
By:
Quaker Capital Management Corporation, its general partner
  
         
         
   
By:
/s/ Mark G. Schoeppner   
Mark G. Schoeppner
President
 
         
         
 
QUAKER PREMIER, L.P.
  
         
 
By:
Quaker Capital Management
Corporation, its general partner
  
         
         
   
By:
/s/ Mark G. Schoeppner   
 
     
Mark G. Schoeppner
President
  
         
 
 
  Page 14 of 15
 
         
 
QUAKER CAPITAL PARTNERS II, L.P.
  
         
 
By:
Quaker Premier II, L.P., its general partner
  
         
   
By:
Quaker Capital Management Corporation, its general partner
  
         
         
   
By:
/s/ Mark G. Schoeppner   
 
     
Mark G. Schoeppner
President
  
         
         
 
QUAKER PREMIER II, L.P.
  
         
 
By:
Quaker Capital Management Corporation, its general partner
  
         
         
   
By:
/s/ Mark G. Schoeppner   
 
     
Mark G. Schoeppner
President
  
         
         
 
/s/ Mark G. Schoeppner      
  
 
Mark G. Schoeppner
  
         
         
         
 
Page 15 of 15