-----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, J05ZQKyCLWp9L9DAAco99sPMEYe47yCsSvjfNm9vSpz1omA4mgciIbD3tVSjJpU7 uGFi95pVL9tSb1Usv1MO3w== 0000895345-06-000758.txt : 20060810 0000895345-06-000758.hdr.sgml : 20060810 20060810113616 ACCESSION NUMBER: 0000895345-06-000758 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060810 DATE AS OF CHANGE: 20060810 GROUP MEMBERS: NEW MOUNTAIN VANTAGE (CALIFORNIA), L.P. GROUP MEMBERS: NEW MOUNTAIN VANTAGE (CAYMAN) LTD. GROUP MEMBERS: NEW MOUNTAIN VANTAGE ADVISERS, L.L.C. GROUP MEMBERS: NEW MOUNTAIN VANTAGE GP, L.L.C. GROUP MEMBERS: NEW MOUNTAIN VANTAGE HOLDCO LTD. GROUP MEMBERS: STEVEN B. KLINSKY SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: USI HOLDINGS CORP CENTRAL INDEX KEY: 0001102643 STANDARD INDUSTRIAL CLASSIFICATION: INSURANCE AGENTS BROKERS & SERVICES [6411] IRS NUMBER: 133771733 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-78458 FILM NUMBER: 061020120 BUSINESS ADDRESS: STREET 1: 555 PLEASANTVILLE ROAD CITY: BRIARCLIFF MANOR STATE: NY ZIP: 10510 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: New Mountain Vantage LP CENTRAL INDEX KEY: 0001349525 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 787 SEVENTH AVENUE STREET 2: 49TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212-720-0300 MAIL ADDRESS: STREET 1: 787 SEVENTH AVENUE STREET 2: 49TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 SC 13D/A 1 jb13da.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 2)* USI HOLDINGS CORPORATION - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, PAR VALUE $.01 PER SHARE - -------------------------------------------------------------------------------- (Title of Class of Securities) 90333H101 - -------------------------------------------------------------------------------- (CUSIP Number) STEVEN B. KLINSKY NEW MOUNTAIN VANTAGE, L.P. 787 SEVENTH AVENUE, 49TH FLOOR NEW YORK, NY 10019 (212) 720-0300 Copies to: STUART H. GELFOND FRIED, FRANK, HARRIS, SHRIVER & JACOBSON LLP ONE NEW YORK PLAZA NEW YORK, NY 10004-1980 (212) 859-8000 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) AUGUST 9, 2006 - -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of This Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box: [ ] *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 disclosures provided in a prior cover page. The information required on 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 13D - ----------------------------------- ---------------------------------- CUSIP NO. 90333H101 Page 2 of 13 Pages - ----------------------------------- ---------------------------------- - ------------- ----- ------------------------------------------------------------ 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) NEW MOUNTAIN VANTAGE GP, L.L.C. - ------------- ----- ------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------------- ----- ------------------------------------------------------------ 3 SEC USE ONLY - ------------- ----- ------------------------------------------------------------ 4 SOURCE OF FUNDS AF - ------------- ----- ------------------------------------------------------------ 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------- ----- ------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - ------------- ----- ------------------------------------------------------------ 7 SOLE VOTING POWER 0 NUMBER OF ------- ---------------------------------------------------- 8 SHARED VOTING POWER SHARES 2,328,400 BENEFICIALLY ------- ---------------------------------------------------- 9 SOLE DISPOSITIVE POWER OWNED BY 0 EACH ------- ---------------------------------------------------- 10 SHARED DISPOSITIVE POWER REPORTING 2,328,400 PERSON WITH - ------------------- ------- ---------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,328,400 - ------------------- ------------------------------------------------------------ 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [__] - ------------------- ------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.0% - ------------------- ------------------------------------------------------------ 14 TYPE OF REPORTING PERSON OO - ------------------- ------------------------------------------------------------ SCHEDULE 13D - ----------------------------------- ---------------------------------- CUSIP NO. 90333H101 Page 3 of 13 Pages - ----------------------------------- ---------------------------------- - ------------- ----- ------------------------------------------------------------ 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) NEW MOUNTAIN VANTAGE, L.P. - ------------- ----- ------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------------- ----- ------------------------------------------------------------ 3 SEC USE ONLY - ------------- ----- ------------------------------------------------------------ 4 SOURCE OF FUNDS WC - ------------- ----- ------------------------------------------------------------ 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------- ----- ------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - ------------- ----- ------------------------------------------------------------ 7 SOLE VOTING POWER 0 NUMBER OF ------- ---------------------------------------------------- 8 SHARED VOTING POWER SHARES 1,135,900 BENEFICIALLY ------- ---------------------------------------------------- 9 SOLE DISPOSITIVE POWER OWNED BY 0 EACH ------- ---------------------------------------------------- 10 SHARED DISPOSITIVE POWER REPORTING 1,135,900 PERSON WITH - ------------------- ------- ---------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,135,900 - ------------------- ------------------------------------------------------------ 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------- ------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.0% - ------------------- ------------------------------------------------------------ 14 TYPE OF REPORTING PERSON PN - ------------------- ------------------------------------------------------------ SCHEDULE 13D - ----------------------------------- ---------------------------------- CUSIP NO. 90333H101 Page 4 of 13 Pages - ----------------------------------- ---------------------------------- - ------------- ----- ------------------------------------------------------------ 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) NEW MOUNTAIN VANTAGE (CALIFORNIA), L.P. - ------------- ----- ------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------------- ----- ------------------------------------------------------------ 3 SEC USE ONLY - ------------- ----- ------------------------------------------------------------ 4 SOURCE OF FUNDS WC - ------------- ----- ------------------------------------------------------------ 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------- ----- ------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - ------------- ----- ------------------------------------------------------------ 7 SOLE VOTING POWER 0 NUMBER OF ------- ---------------------------------------------------- 8 SHARED VOTING POWER SHARES 1,192,500 BENEFICIALLY ------- ---------------------------------------------------- 9 SOLE DISPOSITIVE POWER OWNED BY 0 EACH ------- ---------------------------------------------------- 10 SHARED DISPOSITIVE POWER REPORTING 1,192,500 PERSON WITH - ------------------- ------- ---------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,192,500 - ------------------- ------------------------------------------------------------ 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------- ------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.1% - ------------------- ------------------------------------------------------------ 14 TYPE OF REPORTING PERSON PN - ------------------- ------------------------------------------------------------ SCHEDULE 13D - ----------------------------------- ---------------------------------- CUSIP NO. 90333H101 Page 5 of 13 Pages - ----------------------------------- ---------------------------------- - ------------- ----- ------------------------------------------------------------ 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) NEW MOUNTAIN VANTAGE ADVISERS, L.L.C. - ------------- ----- ------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------------- ----- ------------------------------------------------------------ 3 SEC USE ONLY - ------------- ----- ------------------------------------------------------------ 4 SOURCE OF FUNDS AF - ------------- ----- ------------------------------------------------------------ 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------- ----- ------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - ------------- ----- ------------------------------------------------------------ 7 SOLE VOTING POWER 0 NUMBER OF ------- ---------------------------------------------------- 8 SHARED VOTING POWER SHARES 4,616,000 BENEFICIALLY ------- ---------------------------------------------------- 9 SOLE DISPOSITIVE POWER OWNED BY 0 EACH ------- ---------------------------------------------------- 10 SHARED DISPOSITIVE POWER REPORTING 4,616,000 PERSON WITH - ------------------- ------- ---------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,616,000 - ------------------- ------------------------------------------------------------ 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------- ------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.9% - ------------------- ------------------------------------------------------------ 14 TYPE OF REPORTING PERSON OO - ------------------- ------------------------------------------------------------ SCHEDULE 13D - ----------------------------------- ---------------------------------- CUSIP NO. 90333H101 Page 6 of 13 Pages - ----------------------------------- ---------------------------------- - ------------- ----- ------------------------------------------------------------ 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) NEW MOUNTAIN VANTAGE (CAYMAN) LTD. - ------------- ----- ------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------------- ----- ------------------------------------------------------------ 3 SEC USE ONLY - ------------- ----- ------------------------------------------------------------ 4 SOURCE OF FUNDS WC - ------------- ----- ------------------------------------------------------------ 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------- ----- ------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION CAYMAN ISLANDS - ------------- ----- ------------------------------------------------------------ 7 SOLE VOTING POWER 0 NUMBER OF ------- ---------------------------------------------------- 8 SHARED VOTING POWER SHARES 2,287,600 BENEFICIALLY ------- ---------------------------------------------------- 9 SOLE DISPOSITIVE POWER OWNED BY 0 EACH ------- ---------------------------------------------------- 10 SHARED DISPOSITIVE POWER REPORTING 2,287,600 PERSON WITH - ------------------- ------- ---------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,287,600 - ------------------- ------------------------------------------------------------ 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------- ------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.9% - ------------------- ------------------------------------------------------------ 14 TYPE OF REPORTING PERSON CO - ------------------- ------------------------------------------------------------ SCHEDULE 13D - ----------------------------------- ---------------------------------- CUSIP NO. 90333H101 Page 7 of 13 Pages - ----------------------------------- ---------------------------------- - ------------- ----- ------------------------------------------------------------ 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) NEW MOUNTAIN VANTAGE HOLDCO LTD. - ------------- ----- ------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------------- ----- ------------------------------------------------------------ 3 SEC USE ONLY - ------------- ----- ------------------------------------------------------------ 4 SOURCE OF FUNDS WC - ------------- ----- ------------------------------------------------------------ 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------- ----- ------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION CAYMAN ISLANDS - ------------- ----- ------------------------------------------------------------ 7 SOLE VOTING POWER 0 NUMBER OF ------- ---------------------------------------------------- 8 SHARED VOTING POWER SHARES 2,287,600 BENEFICIALLY ------- ---------------------------------------------------- 9 SOLE DISPOSITIVE POWER OWNED BY 0 EACH ------- ---------------------------------------------------- 10 SHARED DISPOSITIVE POWER REPORTING 2,287,600 PERSON WITH - ------------------- ------- ---------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,287,600 - ------------------- ------------------------------------------------------------ 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------- ------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.9% - ------------------- ------------------------------------------------------------ 14 TYPE OF REPORTING PERSON CO - ------------------- ------------------------------------------------------------ SCHEDULE 13D - ----------------------------------- ---------------------------------- CUSIP NO. 90333H101 Page 8 of 13 Pages - ----------------------------------- ---------------------------------- - ------------- ----- ------------------------------------------------------------ 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) STEVEN B. KLINSKY - ------------- ----- ------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------------- ----- ------------------------------------------------------------ 3 SEC USE ONLY - ------------- ----- ------------------------------------------------------------ 4 SOURCE OF FUNDS AF, PF - ------------- ----- ------------------------------------------------------------ 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------- ----- ------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES OF AMERICA - ------------- ----- ------------------------------------------------------------ 7 SOLE VOTING POWER 0 NUMBER OF ------- ---------------------------------------------------- 8 SHARED VOTING POWER SHARES 4,616,000 BENEFICIALLY ------- ---------------------------------------------------- 9 SOLE DISPOSITIVE POWER OWNED BY 0 EACH ------- ---------------------------------------------------- 10 SHARED DISPOSITIVE POWER REPORTING 4,616,000 PERSON WITH - ------------------- ------- ---------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,616,000 - ------------------- ------------------------------------------------------------ 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------- ------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.9% - ------------------- ------------------------------------------------------------ 14 TYPE OF REPORTING PERSON IN - ------------------- ------------------------------------------------------------ This Amendment No. 2, filed by New Mountain Vantage GP, L.L.C., a Delaware limited liability company ("Vantage GP"), New Mountain Vantage, L.P., a Delaware limited partnership ("NMV"), New Mountain Vantage (California), L.P., a Delaware limited partnership ("NMVC"), New Mountain Vantage Advisers, L.L.C., a Delaware limited liability company ("NMV Advisers"), New Mountain Vantage (Cayman) Ltd., a Cayman Islands exempt limited company ("NMV Offshore"), New Mountain Vantage HoldCo Ltd., a Cayman Islands exempt limited company ("NMV Offshore HoldCo", NMV Offshore HoldCo, together with NMV and NMVC, the "Purchasers"), and Steven B. Klinsky (collectively, the "Reporting Persons"), amends and supplements the Schedule 13D (the "Schedule 13D") filed by the Reporting Persons with the Securities and Exchange Commission (the "SEC") on May 19, 2006, as amended, relating to the common stock, par value $.01 per share ("Common Stock"), of USI Holdings Corporation, a Delaware corporation (the "Issuer").(1) - --------------- (1) Neither the present filing nor anything contained herein shall be construed as an admission that any Reporting Person constitutes a "person" for any purposes other than Section 13(d) of the Securities Exchange Act of 1934, as amended. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION Item 3 is hereby amended and restated in its entirety as follows: The aggregate purchase price of the 4,616,000 shares of Common Stock owned by the Purchasers is $67,092,167.66, including brokerage commissions. The shares of Common Stock owned by Purchasers were acquired with working capital. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER Item 5 is hereby amended and restated in its entirety as follows: (a). The aggregate percentage of shares of Common Stock reported owned by each person named herein is based upon 58,087,763 shares of Common Stock outstanding, which is the total number of shares of Common Stock outstanding as of August 2, 2006 as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended June 30, 2006, as filed with the SEC on August 8, 2006. As of the close of business on August 9, 2006, Mr. Klinsky and NMV Advisers may be deemed to beneficially own an aggregate of 4,616,000 shares of Common Stock that may be deemed to be beneficially owned by NMV, NMVC and NMV Offshore representing, in the aggregate, approximately 7.9% of the issued and outstanding shares of Common Stock. Mr. Klinsky and NMV Advisers disclaim beneficial ownership of the shares of Common Stock beneficially owned by NMV, NMVC and NMV Offshore, to the extent that partnership interests in NMV, NMVC and NMV Offshore are held by persons other than Mr. Klinsky. As of the close of business on August 9, 2006, Vantage GP may be deemed to beneficially own an aggregate of 2,328,400 shares of Common Stock that may be deemed to be beneficially owned by NMV and NMVC representing, in the aggregate, approximately 4.0% of the issued and outstanding shares of Common Stock. Vantage GP disclaims beneficial ownership of the shares of Common Stock beneficially owned by NMV and NMVC to the extent that partnership interests in NMV and NMVC are held by persons other than Vantage GP. As of the close of business on August 9, 2006, NMV Offshore may be deemed to beneficially own an aggregate of 2,287,600 shares of Common Stock that may be deemed to be beneficially owned by NMV Offshore HoldCo, representing approximately 3.9% of the issued and outstanding shares of Common Stock. As of the close of business on August 9, 2006, (i) NMV may be deemed to beneficially own an aggregate of 1,135,900 shares of Common Stock, representing approximately 2.0% of the issued and outstanding shares of Common Stock, (ii) NMVC may be deemed to beneficially own an aggregate of 1,192,500 shares of Common Stock, representing approximately 2.1% of the issued and outstanding shares of Common Stock and (iii) NMV Offshore HoldCo may be deemed to beneficially own an aggregate of 2,287,600 shares of Common Stock, representing approximately 3.9% of the issued and outstanding shares of Common Stock. (b). Each Reporting Person may be deemed to share the power to vote or direct the vote and to dispose or to direct the disposition of the shares of Common Stock that the Reporting Person may be deemed to beneficially own as described above. (c). Schedule A annexed hereto lists all transactions in the shares of Common Stock during the past sixty days by the Reporting Persons. All of such transactions were effected in the open market. (d). No person is known by any Reporting Person to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any shares of Common Stock that may be deemed to be beneficially owned by any Reporting Person. (e). Not applicable. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER Item 6 is hereby amended and restated in its entirety as follows: From time to time, each of the Reporting Persons may lend portfolio securities to brokers, banks or other financial institutions. These loans typically obligate the borrower to return the securities, or an equal amount of securities of the same class, to the lender on demand and typically the borrower is entitled to exercise voting rights and to retain dividends during the term of the loan. From time to time, to the extent permitted by applicable law, each of the Reporting Persons may borrow securities, including shares of Common Stock, for the purpose of effecting, and may effect, short sale transactions, and may purchase securities for the purpose of closing out short sale positions in such securities. Other than as described in the Schedule 13D, as amended, there are no contracts, arrangements, understandings or relationships among the Reporting Persons, or between the Reporting Persons and any other person, with respect to the securities of the Issuer. 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. Date: August 10, 2006 NEW MOUNTAIN VANTAGE GP, L.L.C. By: /s/ Steven B. Klinsky ------------------------------------ Steven B. Klinsky Managing Member NEW MOUNTAIN VANTAGE, L.P. By:New Mountain Vantage GP, L.L.C., its general partner By: /s/ Steven B. Klinsky ------------------------------------ Steven B. Klinsky Managing Member NEW MOUNTAIN VANTAGE (CALIFORNIA), L.P. By:New Mountain Vantage GP, L.L.C., its general partner By: /s/ Steven B. Klinsky ------------------------------------ Steven B. Klinsky Managing Member NEW MOUNTAIN VANTAGE ADVISERS, L.L.C. By: /s/ Steven B. Klinsky ------------------------------------ Steven B. Klinsky Managing Member NEW MOUNTAIN VANTAGE (CAYMAN) LTD. By: /s/ Steven B. Klinsky ------------------------------------ Steven B. Klinsky Director NEW MOUNTAIN VANTAGE HOLDCO LTD. By: /s/ Steven B. Klinsky ------------------------------------ Steven B. Klinsky Director /s/ Steven B. Klinsky --------------------------------------- Steven B. Klinsky SCHEDULE A TRANSACTIONS IN THE PAST SIXTY DAYS BY THE PURCHASERS
NMV - ------------------------------ ------------------------------------------------ -------------------------------------- Date Shares of Common Stock Purchased Approximate Price per Share (inclusive of commissions) - ------------------------------ ------------------------------------------------ -------------------------------------- 8/8/2006 24,400 12.23 - ------------------------------ ------------------------------------------------ -------------------------------------- 8/9/2006 114,400 12.07 - ------------------------------ ------------------------------------------------ -------------------------------------- NMVC - ------------------------------ ------------------------------------------------ -------------------------------------- Date Shares of Common Stock Purchased Approximate Price per Share (inclusive of commissions) - ------------------------------ ------------------------------------------------ -------------------------------------- 6/12/2006 31,000 13.21 - ------------------------------ ------------------------------------------------ -------------------------------------- 8/8/2006 41,700 12.23 - ------------------------------ ------------------------------------------------ -------------------------------------- 8/9/2006 164,900 12.07 - ------------------------------ ------------------------------------------------ -------------------------------------- NMV Offshore HoldCo - ------------------------------ ------------------------------------------------ -------------------------------------- Date Shares of Common Stock Purchased Approximate Price per Share (inclusive of commissions) - ------------------------------ ------------------------------------------------ -------------------------------------- 6/12/2006 59,000 13.21 - ------------------------------ ------------------------------------------------ -------------------------------------- 8/8/2006 83,300 12.23 - ------------------------------ ------------------------------------------------ -------------------------------------- 8/9/2006 325,900 12.07 - ------------------------------ ------------------------------------------------ --------------------------------------
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