-----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, QLoDzFVBfLMJOvJXSWK2frJcShENwHfZ3EKUWdLlAXE3GPQtiE0hVfeJYJl6KuaA oBRFbl6rqVOIlKq8B3NmJg== 0000950134-06-022982.txt : 20061212 0000950134-06-022982.hdr.sgml : 20061212 20061212171031 ACCESSION NUMBER: 0000950134-06-022982 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20061212 DATE AS OF CHANGE: 20061212 GROUP MEMBERS: HIGHLAND CREDIT STRATEGIES FUND GROUP MEMBERS: HIGHLAND MULTI-STRATEGY MASTER FUND LP GROUP MEMBERS: HIGHLAND MULTI-STRATEGY ONSHORE MASTER SUBFUND LLC GROUP MEMBERS: JAMES D DONDERO GROUP MEMBERS: STRAND ADVISORS INC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DELPHI CORP CENTRAL INDEX KEY: 0001072342 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 383430473 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-56957 FILM NUMBER: 061272285 BUSINESS ADDRESS: STREET 1: 5725 DELPHI DRIVE CITY: TROY STATE: MI ZIP: 48098 BUSINESS PHONE: 248-813-2000 MAIL ADDRESS: STREET 1: 5725 DELPHI DRIVE CITY: TROY STATE: MI ZIP: 48098 FORMER COMPANY: FORMER CONFORMED NAME: DELPHI AUTOMOTIVE SYSTEMS CORP DATE OF NAME CHANGE: 19981020 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HIGHLAND CAPITAL MANAGEMENT LP CENTRAL INDEX KEY: 0001167365 IRS NUMBER: 752716725 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 13455 NOEL ROAD STE 1300 CITY: DALLAS STATE: TX ZIP: 75240 BUSINESS PHONE: 9726284100 MAIL ADDRESS: STREET 1: 13455 NOEL ROAD STE 1300 CITY: DALLAS STATE: TX ZIP: 75240 SC 13G/A 1 d41987sc13gza.htm AMENDMENT TO SCHEDULE 13G sc13gza
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G/A

Under the Securities Exchange Act of 1934*
(Amendment No. 1)

Delphi Corporation
(Name of Issuer)
Common Stock, $0.01 par value per share
(Title of Class of Securities)
247126105
(CUSIP Number)
November 22, 2006
(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

     o Rule 13d-1(b)

     þ Rule 13d-1(c)

     o 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).

Person Authorized to Receive Notices and Communications:
J. Kevin Ciavarra, Esq.
Highland Capital Management, L.P.
Two Galleria Tower
13455 Noel Road, Suite 800
Dallas, Texas 75240
(972) 628-4100
 
 

Table of Contents

SCHEDULE 13G
                     
CUSIP No.
  
247126105 
   Page  
2 
   of   
12 

 

           
1   NAMES OF REPORTING PERSONS:
Highland Capital Management, L.P., a Delaware limited partnership
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 
    75-2716725
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
  (a)   o
  (b)   o
     
3   SEC USE ONLY:
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  Delaware
       
  5   SOLE VOTING POWER:
     
NUMBER OF   31,092,465
       
SHARES 6   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   3,889,450
       
EACH 7   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   31,092,465
       
WITH: 8   SHARED DISPOSITIVE POWER:
     
    3,889,450
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  34,981,915
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
   
  6.22%(1)
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  PN, IA
(1)   Based on 561,781,590 shares of Common Stock outstanding based on the Issuer’s Quarterly Report on Form 10-Q filed on August 15, 2006.

Table of Contents

                     
CUSIP No.
  
247126105 
   Page  
3 
   of   
12 

 

           
1   NAMES OF REPORTING PERSONS:
Strand Advisors, Inc., a Delaware corporation
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 
    95-4440863
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
  (a)   o
  (b)   o
     
3   SEC USE ONLY:
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  Delaware
       
  5   SOLE VOTING POWER:
     
NUMBER OF   31,092,465
       
SHARES 6   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   2,551,000
       
EACH 7   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   31,092,465
       
WITH: 8   SHARED DISPOSITIVE POWER:
     
    2,551,000
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  34,981,915
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
   
  6.22%(1)
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  CO
(1)   Based on 561,781,590 shares of Common Stock outstanding based on the Issuer’s Quarterly Report on Form 10-Q filed on August 15, 2006.

Table of Contents

                     
CUSIP No.
  
247126105 
   Page  
4 
   of   
12 

 

           
1   NAMES OF REPORTING PERSONS:
James D. Dondero
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 
   
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
  (a)   o
  (b)   o
     
3   SEC USE ONLY:
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  United States of America
       
  5   SOLE VOTING POWER:
     
NUMBER OF   5,094,500
       
SHARES 6   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   35,181,915
       
EACH 7   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   5,094,500
       
WITH: 8   SHARED DISPOSITIVE POWER:
     
    35,181,915
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  40,276,415
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
   
  7.17%(1)
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  IN
(1)   Based on 561,781,590 shares of Common Stock outstanding based on the Issuer’s Quarterly Report on Form 10-Q filed on August 15, 2006.

Table of Contents

                     
CUSIP No.
  
247126105 
   Page  
5 
   of   
12 

 

           
1   NAMES OF REPORTING PERSONS:
Highland Credit Strategies Fund, a Delaware trust
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 
    20-4948762
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
  (a)   o
  (b)   o
     
3   SEC USE ONLY:
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  Delaware
       
  5   SOLE VOTING POWER:
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   2,886,450
       
EACH 7   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER:
     
    2,886,450
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  2,886,450
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
   
  0.51%(1)
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  OO
(1)   Based on 561,781,590 shares of Common Stock outstanding based on the Issuer’s Quarterly Report on Form 10-Q filed on August 15, 2006.

Table of Contents

                     
CUSIP No.
  
247126105 
   Page  
6 
   of   
12 

 

           
1   NAMES OF REPORTING PERSONS:
Highland Multi-Strategy Onshore Master SubFund, L.L.C.., a Delaware limited liability company
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 
    20-5237162
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
  (a)   o
  (b)   o
     
3   SEC USE ONLY:
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  Delaware
       
  5   SOLE VOTING POWER:
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   1,003,000
       
EACH 7   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER:
     
    1,003,000
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  1,003,000
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
   
  0.18%(1)
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  OO
(1)   Based on 561,781,590 shares of Common Stock outstanding based on the Issuer’s Quarterly Report on Form 10-Q filed on August 15, 2006.

Table of Contents

                     
CUSIP No.
  
247126105 
   Page  
7 
   of   
12 

 

           
1   NAMES OF REPORTING PERSONS:
Highland Multi-Strategy Master Fund, L.P., a Bermuda limited partnership
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 
   
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
  (a)   o
  (b)   o
     
3   SEC USE ONLY:
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  Delaware
       
  5   SOLE VOTING POWER:
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   1,003,000
       
EACH 7   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER:
     
    1,003,000
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  1,003,000
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
   
  0.18%(1)
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  PN
(1)   Based on 561,781,590 shares of Common Stock outstanding based on the Issuer’s Quarterly Report on Form 10-Q filed on August 15, 2006.

TABLE OF CONTENTS

Item 1(a) Name of Issuer
Item 1(b) Address of Issuer’s Principal Executive Offices
Item 2(a) Names of Persons Filing
Item 2(b) Addresses of Principal Business Offices
Item 2(c) Citizenship
Item 2(d) Title of Class of Securities
Item 2(e) CUSIP Number
Item 3 Status of Persons Filing
Item 4 Ownership
Item 5 Ownership of 5% or Less of a Class
Item 6 Ownership of More than 5% on Behalf of Another Person
Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person
Item 8 Identification and Classification of Members of the Group
Item 9 Notice of Dissolution of Group
Item 10 Certification
SIGNATURES

Table of Contents

Page 8 of 12 Pages
SCHEDULE 13G
Item 1(a)   Name of Issuer:
Delphi Corporation
Item 1(b)   Address of Issuer’s Principal Executive Offices:
5725 Delphi Drive, Troy, Michigan 48098
Item 2(a)   Names of Persons Filing:
This statement is filed by and on behalf of: (i) Highland Capital Management L.P. (“Highland Capital”); (ii) Strand Advisors, Inc. (“Strand”); (iii) James D. Dondero; (iv) Highland Credit Strategies Fund (“HCF”); (v) Highland Multi-Strategy Master Fund, L.P. (“Master Fund”); and (vi) Highland Multi-Strategy Onshore Master SubFund, L.L.C. (“SubFund”).
Highland Capital serves as an investment adviser and/or manager to other persons, including HCF and Master Fund. Master Fund is the managing member of SubFund. Highland Capital may be deemed to beneficially own shares owned and/or held by and/or for the account of and/or benefit of other persons, including HCF, Master Fund and SubFund. Strand is the general partner of Highland Capital. Strand may be deemed to beneficially own shares owned and/or held by and/or for the account of and/or benefit of Highland Capital. Mr. Dondero is the President of HCF and the President and a director of Strand. Mr. Dondero may be deemed to beneficially own shares owned and/or held by and/or for the account of and/or benefit of Strand.
Each of the reporting persons declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, the beneficial owner of any securities covered by this statement.
Each of the reporting persons declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of the issuer or otherwise with respect to the issuer or any securities of the issuer or (ii) a member of any group with respect to the issuer or any securities of the issuer.
Item 2(b)   Addresses of Principal Business Offices:
The address of the principal business office of each of the reporting persons is Two Galleria Tower, 13455 Noel Road, Suite 800, Dallas, Texas 75240.

 

Table of Contents

Page 9 of 12 Pages
Item 2(c)   Citizenship:
Highland Capital Management, L.P. — Delaware
Strand Advisors, Inc. — Delaware
James Dondero — United States of America
Highland Credit Strategies Fund — Delaware
Highland Multi-Strategy Onshore Master SubFund, L.L.C. — Delaware
Highland Multi-Strategy Master Fund, L.P. — Bermuda
Item 2(d)   Title of Class of Securities:
Common Stock, par value $0.01 per share
Item 2(e)   CUSIP Number:
247126105
Item 3        Status of Persons Filing:
Not applicable.
Item 4        Ownership:
(a) Amount beneficially owned:
See Item 9 of each cover page for the respective reporting persons.
(b) Percent of Class:
 See Item 11 of each cover page for the respective reporting persons.
(c) Number of shares as to which the person has:
(i) sole power to vote or to direct the vote:
See Item 5 of each cover page for the respective reporting persons.
(ii) shared power to vote or to direct the vote:
See Item 6 of each cover page for the respective reporting persons.
(iii) sole power to dispose or to direct the disposition of:
See Item 7 of each cover page for the respective reporting persons.
(iv) shared power to dispose or to direct the disposition of:
See Item 8 of each cover page for the respective reporting persons.

 

Table of Contents

Page 10 of 12 Pages
Item 5     Ownership of 5% or Less of a Class:
Not applicable.
Item 6     Ownership of More than 5% on Behalf of Another Person:
Highland Capital serves as an investment adviser and/or manager to other persons, including HCF and Master Fund. Highland Capital may be deemed to beneficially own shares owned and/or held by and/or for the account and/or benefit of other persons, including HCF, Master Fund and SubFund. The other persons, including HCF, SubFund and Master Fund, may have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, shares owned and/or held by and/or for the account and/or benefit of such persons.
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:
See Exhibit A, as previously filed.
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.

 

Table of Contents

Page 11 of 12 Pages
SIGNATURES
     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.
Date: December 12, 2006
             
Highland Credit Strategies Fund    
 
            
By:
   /s/ James Dondero    
         
    Name: James Dondero
Title: President		    
 
            
Highland Capital Management, L.P.    
 
            
By:   Strand Advisors, Inc., its general partner    
 
            
 
  By:   /s/ James Dondero
 
           
 
      Name: James Dondero
Title: President		    
 
            
Strand Advisors, Inc.    
 
            
By:
   /s/ James Dondero    
         
    Name: James Dondero
Title: President		    
 
            
James Dondero    
 
            
/s/ James Dondero    
     

 

Table of Contents

Page 12 of 12 Pages
             
Highland Multi-Strategy Onshore Master SubFund, L.L.C.    
 
            
By:   Highland Multi-Strategy Master Fund, L.P., its managing member    
By:   Highland Multi-Strategy Fund GP, L.P., its general partner    
By:   Highland Multi-Strategy Fund GP, L.L.C., its general partner    
By:   Highland Capital Management, L.P., its sole member    
By:   Strand Advisors, Inc., its general partner    
 
            
 
  By:   /s/ James Dondero    
 
           
 
      Name: James Dondero    
 
      Title: President    
 
            
Highland Multi-Strategy Master Fund, L.P.    
 
            
By:   Highland Multi-Strategy Fund GP, L.P., its general partner    
By:   Highland Multi-Strategy Fund GP, L.L.C., its general partner    
By:   Highland Capital Management, L.P., its sole member    
By:   Strand Advisors, Inc., its general partner    
 
            
 
  By:   /s/ James Dondero    
 
           
 
      Name: James Dondero    
 
      Title: President    

 

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