-----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, M0OVSgnC8k6/pFR/cf2CBlhJrN8I5PxOuUx7vLs4qDfjqanzaO5mMynKi8VBiQvk B+pCNP41fTwIeG3ZJj7W/w== 0000919574-06-001583.txt : 20060306 0000919574-06-001583.hdr.sgml : 20060306 20060306153832 ACCESSION NUMBER: 0000919574-06-001583 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060306 DATE AS OF CHANGE: 20060306 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CENTRAL FREIGHT LINES INC CENTRAL INDEX KEY: 0001085636 STANDARD INDUSTRIAL CLASSIFICATION: TRUCKING (NO LOCAL) [4213] IRS NUMBER: 742914331 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-79672 FILM NUMBER: 06667179 BUSINESS ADDRESS: STREET 1: 5601 WEST WACO DRIVE CITY: WACO STATE: TX ZIP: 767022638 BUSINESS PHONE: 2547722120 MAIL ADDRESS: STREET 1: 5601 WEST WACO DRIVE CITY: WACO STATE: TX ZIP: 767022638 FORMER COMPANY: FORMER CONFORMED NAME: CENTRAL FREIGHT LINES INC/TX DATE OF NAME CHANGE: 19990503 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CONTRARIAN CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0001050417 IRS NUMBER: 931183419 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 411 W PUTNAM AVE STREET 2: STE 225 CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 2038628201 MAIL ADDRESS: STREET 1: 411 W PUTNAM AVE STREET 2: STE 225 CITY: GREENWICH STATE: CT ZIP: 06830 SC 13G 1 d648119_13g.txt SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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 RULE 13d-2(b) (Amendment No.) Central Freight Lines, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $.001 par value - -------------------------------------------------------------------------------- (Title of Class of Securities) 153491105 - -------------------------------------------------------------------------------- (CUSIP Number) February 24, 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: [ ] Rule 13d-1(b) [x] Rule 13d-1(c) [ ] Rule 13d-1(d) - ---------- 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 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. 153491105 --------------------- 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Contrarian Capital Management, L.L.C. 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [x] 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 0 6. SHARED VOTING POWER 1,282,128 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 1,282,128 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,282,128 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [_] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 7.02% 12. TYPE OF REPORTING PERSON IA; OO CUSIP No. 153491105 --------------------- 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Contrarian Equity Fund, L.P. 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [x] 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 0 6. SHARED VOTING POWER 1,237,574 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 1,237,574 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,237,574 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [_] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.78% 12. TYPE OF REPORTING PERSON PN CUSIP No. 153491105 --------------------- Item 1(a). Name of Issuer: Central Freight Lines, Inc. ____________________________________________________________________ Item 1(b). Address of Issuer's Principal Executive Offices: 5601 West Waco Drive Waco, TX 76710 ____________________________________________________________________ Item 2(a). Name of Persons Filing: Contrarian Capital Management, L.L.C. Contrarian Equity Fund, L.P. ____________________________________________________________________ Item 2(b). Address of Principal Business Office, or if None, Residence: 411 West Putnam Avenue Suite 225 Greenwich, CT 06830 ____________________________________________________________________ Item 2(c). Citizenship: Delaware ____________________________________________________________________ Item 2(d). Title of Class of Securities: Common Stock, par value $.001 ____________________________________________________________________ Item 2(e). CUSIP Number: 153491105 ____________________________________________________________________ Item 3. If This Statement is Filed Pursuant to Rule 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 Exchange Act. (b) [_] Bank as defined in Section 3(a)(6) of the Exchange Act. (c) [_] Insurance company as defined in Section 3(a)(19) of the Exchange Act. (d) [_] Investment company registered under Section 8 of the Investment Company Act. (e) [_] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) [_] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) [_] A parent holding company or control person in accordance with Rule 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; (j) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: Contrarian Capital Management, L.L.C. 1,282,128 Contrarian Equity Fund, L.P. 1,237,574 ______________________________________________________________________ (b) Percent of class: Contrarian Capital Management, L.L.C. 7.02% Contrarian Equity Fund, L.P. 6.78% ______________________________________________________________________ (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: Contrarian Capital Management, L.L.C. 0 Contrarian Equity Fund, L.P. 0 (ii) Shared power to vote or to direct the vote: Contrarian Capital Management, L.L.C. 1,282,128 Contrarian Equity Fund, L.P. 1,237,574 (iii) Sole power to dispose or to direct the disposition of: Contrarian Capital Management, L.L.C. 0 Contrarian Equity Fund, L.P. 0 (iv) Shared power to dispose or to direct the disposition of Contrarian Capital Management, L.L.C. 1,282,128 Contrarian Equity Fund, L.P. 1,237,574 Item 5. Ownership of Five Percent or Less of a Class. N/A _______________________________________________________________________ Item 6. Ownership of More Than Five Percent on Behalf of Another Person. N/A _______________________________________________________________________ Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. N/A _______________________________________________________________________ Item 8. Identification and Classification of Members of the Group. N/A _______________________________________________________________________ Item 9. Notice of Dissolution of Group. N/A ______________________________________________________________________ Item 10. Certifications. By signing below, each reporting person certifies that, to the best of its 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. 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. CONTRARIAN CAPITAL MANAGEMENT, L.L.C.* /s/ Jason Mudrick - -------------------------- By: Jason Mudrick Title: Senior Vice President and Portfolio Manager CONTRARIAN EQUITY FUND, L.P. By: Contrarian Capital Management, L.L.C. /s/ Jason Mudrick - -------------------------- By: Jason Mudrick Title: Senior Vice President and Portfolio Manager Date: March 6, 2006 *The Reporting Persons disclaim beneficial ownership in the common stock reported herein except to the extent of their pecuniary interest therein. EXHIBIT A AGREEMENT The undersigned agree that this Schedule 13G dated March 6, 2006 relating to the Common Stock, par value $.001 of Central Freight Lines, Inc. shall be filed on behalf of the undersigned. CONTRARIAN CAPITAL MANAGEMENT, L.L.C. /s/ Jason Mudrick - -------------------------- By: Jason Mudrick Title: Senior Vice President and Portfolio Manager Date: March 6, 2006 CONTRARIAN EQUITY FUND, L.P. By: Contrarian Capital Management, L.L.C. /s/ Jason Mudrick - -------------------------- By: Jason Mudrick Title: Senior Vice President and Portfolio Manager Date: March 6, 2006 SK 01385 0001 648119 -----END PRIVACY-ENHANCED MESSAGE-----