-----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, DuUq8uCg2BtHBW2zVCTSffjPRx6vytJyMjA4sb1dd3aHxw5Y1TJDwxBzf1TS0GeT cMPU7/MCCFsekiJNM09NeQ== 0001005794-04-000257.txt : 20040331 0001005794-04-000257.hdr.sgml : 20040331 20040331165521 ACCESSION NUMBER: 0001005794-04-000257 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040331 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DDI CORP CENTRAL INDEX KEY: 0001104252 STANDARD INDUSTRIAL CLASSIFICATION: PRINTED CIRCUIT BOARDS [3672] IRS NUMBER: 061576013 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-59219 FILM NUMBER: 04706629 BUSINESS ADDRESS: STREET 1: 1220 SAMON CIRCLE CITY: AHAMEIM STATE: CA ZIP: 92806 BUSINESS PHONE: 7145887200 MAIL ADDRESS: STREET 1: 1220 SIMON CIRCLE CITY: AHAHEIM STATE: CA ZIP: 92806 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: COURAGE CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0001119376 IRS NUMBER: 621749393 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 4400 HARDING ROAD CITY: NASHVILLE STATE: TN ZIP: 37205 BUSINESS PHONE: 6157426280 MAIL ADDRESS: STREET 1: 4400 HARDING ROAD CITY: NASHVILLE STATE: TN ZIP: 37205 SC 13D/A 1 ddi13d033104.txt AMENDED STATEMENT OF BENEFICIAL OWNERSHIP SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1)* DDi Corp. (Name of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securities) 233162304 (CUSIP Number) Paul Mercer, 4400 Harding Road, Nashville, Tennessee 37205, (615) 298-8315 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 26, 2004 (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. [ ] CUSIP No. 233162394 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Courage Special Situations Master Fund, L.P - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a)......X.... (b)........... - -------------------------------------------------------------------------------- 3. SEC Use Only............................................................... - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) 00...................................... - -------------------------------------------------------------------------------- 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 ....................... None Number of ------------------------------------------------------------- Shares Beneficially 8. Shared Voting Power...................... None Owned by ------------------------------------------------------------- Each Reporting 9. Sole Dispositive Power................... None Person ------------------------------------------------------------- With 10. Shared Dispositive Power ................ None - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person ....1,767,502* - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11)...............7.07% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) PN......................................................................... *The shares are beneficially owned by Courage Special Situations Master Fund, L.P. (the "Fund"), of which Courage Investments Inc., is the General Partner. By contract, the Fund has given Courage Capital Management, LLC ("Courage Capital"), as investment manager, the right to vote and dispose of those shares. Page 2 of 11 CUSIP No. 233162394 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Courage Investments Inc.................................. - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a)......X................................................................. (b)........................................................................ - -------------------------------------------------------------------------------- 3. SEC Use Only............................................................... - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) 00...................................... - -------------------------------------------------------------------------------- 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 ....................... None Number of ------------------------------------------------------------- Shares Beneficially 8. Shared Voting Power...................... None Owned by ------------------------------------------------------------- Each Reporting 9. Sole Dispositive Power................... None Person ------------------------------------------------------------- With 10. Shared Dispositive Power ................ None - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person ....1,767,502* - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions).............................................................. - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11)....................7.07% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) CO......................................................................... - -------------------------------------------------------------------------------- *The shares are beneficially owned by Courage Special Situations Master Fund, L.P. (the "Fund"), of which Courage Investments Inc., is the General Partner. By contract, the Fund has given Courage Capital Management, LLC ("Courage Capital"), as investment manager, the right to vote and dispose of those shares. Page 3 of 11 CUSIP No. 233162394 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). HFR ED Special Situations Master Trust................ - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a)......X................................................................. (b)........................................................................ - -------------------------------------------------------------------------------- 3. SEC Use Only............................................................... - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) 00...................................... - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e).................................................................... - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization: Bermuda - -------------------------------------------------------------------------------- 7. Sole Voting Power ....................... None Number of ------------------------------------------------------------- Shares Beneficially 8. Shared Voting Power...................... None Owned by ------------------------------------------------------------- Each Reporting 9. Sole Dispositive Power................... None Person ------------------------------------------------------------- With 10. Shared Dispositive Power ................ None - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person ......172,516* - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions).............................................................. - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11)....................0.69% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) OO......................................................................... - -------------------------------------------------------------------------------- *The shares are beneficially owned by HFR ED Special Situations Master Trust ("HFR"). By contract, HFR has given Courage Capital, as investment manager, the right to vote and dispose of those shares. Page 4 of 11 CUSIP No. 233162394 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Courage Capital Management, LLC........................... - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a)......X................................................................. (b)........................................................................ - -------------------------------------------------------------------------------- 3. SEC Use Only............................................................... - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) 00...................................... - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)...... - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization: Tennessee - -------------------------------------------------------------------------------- 7. Sole Voting Power ....................... None Number of ------------------------------------------------------------- Shares Beneficially 8. Shared Voting Power...................... None Owned by ------------------------------------------------------------- Each Reporting 9. Sole Dispositive Power................... None Person ------------------------------------------------------------- With 10. Shared Dispositive Power ................ None - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person ..1,940,018*.. - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)... - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11).....7.76%...... - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) .....00.................................................................... *This amount represents the 1,767,502 shares beneficially owned by the Fund and the 172,516 shares beneficially owned by HFR. By contract, Courage Capital, as investment manager, has sole discretion with respect to voting and disposition of these shares. Page 5 of 11 CUSIP No. 233162394 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Richard C. Patton ....................................... - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a)......X................................................................. (b)........................................................................ - -------------------------------------------------------------------------------- 3. SEC Use Only............................................................... - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) 00................................... - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- 7. Sole Voting Power ....................... 1,940,018*... Number of ------------------------------------------------------------- Shares Beneficially 8. Shared Voting Power.................................... Owned by ------------------------------------------------------------- Each Reporting 9. Sole Dispositive Power................... 1,940,018*... Person ------------------------------------------------------------- With 10. Shared Dispositive Power .............................. - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person ..1,940,018*.. - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions).............................................................. - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11).....7.76%...... - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) .....IN.................................................................... *This amount represents the 1,767,502 shares beneficially owned by the Fund and the 172,516 shares beneficially owned by HFR. By contract, Courage Capital, as investment manager, has sole discretion with respect to voting and disposition of these shares. Richard C. Patton is a principal of Courage Capital. Page 6 of 11 CUSIP No. 233162394 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Donald Farris.... ....................................... - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a)......X................................................................. (b)........................................................................ - -------------------------------------------------------------------------------- 3. SEC Use Only............................................................... - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) 00................................... - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- 7. Sole Voting Power ....................... 1,940,018*... Number of ------------------------------------------------------------- Shares Beneficially 8. Shared Voting Power.................................... Owned by Each ------------------------------------------------------------- Reporting 9. Sole Dispositive Power................... 1,940,018*... Person With ------------------------------------------------------------- 10. Shared Dispositive Power .............................. - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person ..1,940,018*.. - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions).............................................................. - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11).....7.76%...... - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) .....IN.................................................................... *This amount represents the 1,767,502 shares beneficially owned by the Fund and the 172,516 shares beneficially owned by HFR. By contract, Courage Capital, as investment manager, has sole discretion with respect to voting and disposition of these shares. Donald Farris is a principal of Courage Capital. Page 7 of 11 Item 1. Security and Issuer Common Stock, par value $0.001 per share DDi Corp. 1220 Samon Circle Anaheim, California 92806 Item 2. Identity and Background (a) Name: Courage Special Situations Master Fund, L.P.; HFR ED Special Situations Master Trust; Courage Capital Management, LLC; Richard C. Patton; Donald Farris (collectively "the "Filers") (b) See attached page for addresses. (c) Investment Management/Private Investment Funds (d) None. (e) None. (f) Richard Patton and Donald Farris, United States Item 3. Source and Amount of Funds or Other Consideration Funds were provided by limited partners investing in the private investment funds. The original purchase was convertible notes of the issuer. As part of a Chapter 11 reorganization, the notes were exchanged for the securities that are the subject of this filing. Page 8 of 11 HFR ED Special Situations Master Trust c/o HFR Asset Management, L.L.C. 10 S. Riverside Plaza, Suite 1450 Chicago, IL 60606 Capital Management, LLC Richard C. Patton and Donald Farris 4400 Harding Road Nashville, TN 37205 Courage Special Situations Master Fund, L.P. Scotiatrust, 3rd Floor Scotia Center, Cardinal Avenue P.O. Box 501GT George Town, Grand Cayman Cayman Islands Courage Investments Inc. 1403 Foulk Road, Suite 106-D Wilmington, Delaware 19803 Page 9 of 11 Item 4. Purpose of Transaction (a) The reporting persons have no express plans for the acquisition or disposition of securities other than as prudent for proper investment management of the funds. (b) See item 3. (c) None. (d) As part of the reorganization, Courage Capital Management, LLC acted as a member of the Ad Hoc Convertible Noteholders Committee. Prior to its membership, the Committee submitted nominees to the issuer Board. Those nominees were placed on the Board upon the Effective Date of the Issuer's Plan. (e) If requested by the Issuer, Courage Capital Management, LLC would consider giving assistance to Issuer in its capital raising efforts. (f) None. (g) Issuers charter and bylaws were revised as part of the reorganization, and the Ad Hoc Committee made comments to drafts of same before they were finalized. (h) None. (i) None. (j) None. Item 5. Interest in Securities of the Issuer (a) See page 2 of cover page. (b) See page 2 of cover page. (c) See item 3. (d) Limited partners of the funds will be allocated their proportionate share of dividends and proceeds. No single limited partner interest relates to more than 5% of the class of securities. (e) N/A. Page 10 of 11 Item Contracts, Arrangements, Understandings or Relationships with Respect 6. to Securities 6. of the Issuer. None. Item 7. Material to Be Filed as Exhibits N/A 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. March 31, 2004 - -------------------------------------------------------------------------------- Date /s/ Richard C. Patton - -------------------------------------------------------------------------------- Signature Chief Manager - -------------------------------------------------------------------------------- Name/Title Page 11 of 11 -----END PRIVACY-ENHANCED MESSAGE-----