-----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, MyoCmitJFLxeW2j/RFYjnJXyWADKjoa82Ka6MpGgKHUjcgna5M0Uo9zctyZqEg5b DYZqWe5IhaQOH+fsQPwwKQ== 0001321711-09-000029.txt : 20090708 0001321711-09-000029.hdr.sgml : 20090708 20090708134613 ACCESSION NUMBER: 0001321711-09-000029 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20090708 DATE AS OF CHANGE: 20090708 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Empire Capital Management, L.L.C. CENTRAL INDEX KEY: 0001321711 IRS NUMBER: 133888075 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-84913 FILM NUMBER: 09934780 BUSINESS ADDRESS: STREET 1: 1 GORHAM ISLAND CITY: WESTPORT STATE: CT ZIP: 06880 BUSINESS PHONE: 203-454-1019 MAIL ADDRESS: STREET 1: 1 GORHAM ISLAND CITY: WESTPORT STATE: CT ZIP: 06880 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Empire Capital Management, L.L.C. CENTRAL INDEX KEY: 0001321711 IRS NUMBER: 133888075 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 1 GORHAM ISLAND CITY: WESTPORT STATE: CT ZIP: 06880 BUSINESS PHONE: 203-454-1019 MAIL ADDRESS: STREET 1: 1 GORHAM ISLAND CITY: WESTPORT STATE: CT ZIP: 06880 SC 13G 1 sc13g-tmen070709.htm

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

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

THERMOENERGY CORP
—————————————————————————————————————————
(Name of Issuer)

Common Stock, $0.001 par value
—————————————————————————————————————————
(Title of Class of Securities)

883906406
————————————————
(CUSIP Number)

26 June 2009
—————————————————————————————————————————
(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)

x  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).

Persons who respond to the collection of information contained in this form are not
required to respond unless the form displays a currently valid OMB control number.

SEC 1745 (8-07)

 

Page 1 of 13


CUSIP No. 883906406                                                           13G                                                       Page 2 of 13

  

    1.  Names of Reporting Persons.

        

Empire Capital Partners, LP

    2.  Check the Appropriate Box if a Member of a Group (See Instructions)

(a) o
(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

1,055,685  Common Stock Shares

1,014,582  Based on Warrants

    7.  Sole Dispositive Power

 -0-

    8.  Shared Dispositive Power

1,055,685  Common Stock Shares

1,014,582  Based on Warrants

    9.  Aggregate Amount Beneficially Owned by Each Reporting Person

 2,070,267

  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)

 3.6%

  12.  Type of Reporting Person (See Instructions)

PN


CUSIP No. 883906406                                                           13G                                                       Page 3 of 13

  

    1.  Names of Reporting Persons.

        

Empire GP, LLC

    2.  Check the Appropriate Box if a Member of a Group (See Instructions)

(a) o
(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

1,055,685  Common Stock Shares

1,014,582  Based on Warrants

    7.  Sole Dispositive Power

 -0-

    8.  Shared Dispositive Power

1,055,685  Common Stock Shares

1,014,582  Based on Warrants

    9.  Aggregate Amount Beneficially Owned by Each Reporting Person

 2,070,267

  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)

 3.6%

  12.  Type of Reporting Person (See Instructions)

OO



CUSIP No. 883906406                                                           13G                                                       Page 4 of 13

                                               

  

    1.  Names of Reporting Persons.

        

Empire Capital Management, LLC

    2.  Check the Appropriate Box if a Member of a Group (See Instructions)

(a) o
(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

1,987,886  Common Stock Shares

1,956,557  Based on Warrants

    7.  Sole Dispositive Power

 -0-

    8.  Shared Dispositive Power

1,987,886  Common Stock Shares

1,956,557  Based on Warrants

    9.  Aggregate Amount Beneficially Owned by Each Reporting Person

 3,944,443

  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)

6.8%

  12.  Type of Reporting Person (See Instructions)

OO



CUSIP No. 883906406                                                           13G                                                       Page 5 of 13

  

    1.  Names of Reporting Persons.

        

Scott A. Fine

    2.  Check the Appropriate Box if a Member of a Group (See Instructions)

(a) o
(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

750,000  Based on Warrants

    6.  Shared Voting Power

3,043,571  Common Stock Shares

2,971,138  Based on Warrants

    7.  Sole Dispositive Power

750,000  Based on Warrants

    8.  Shared Dispositive Power

3,043,571  Common Stock Shares

2,971,138  Based on Warrants

    9.  Aggregate Amount Beneficially Owned by Each Reporting Person

6,764,709

  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)

11.7%

  12.  Type of Reporting Person (See Instructions)

IN




CUSIP No. 883906406                                                           13G                                                       Page 6 of 13

  

    1.  Names of Reporting Persons.

        

Peter J. Richards

    2.  Check the Appropriate Box if a Member of a Group (See Instructions)

(a) o
(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

 750,000  Based on Warrants

    6.  Shared Voting Power

3,043,571 Common Stock Shares

2,971,138  Based on Warrants

    7.  Sole Dispositive Power

750,000  Based on Warrants

    8.  Shared Dispositive Power

3,043,571  Common Stock Shares

2,971,138  Based on Warrants

    9.  Aggregate Amount Beneficially Owned by Each Reporting Person

6,764,709

  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)

 11.7%

  12.  Type of Reporting Person (See Instructions)

IN



CUSIP No. 883906406                                                           13G                                                       Page 7 of 13

 

______________________________________________________________________________________
Item 1(a).  Name of Issuer:

ThermoEnergy Corp.

______________________________________________________________________________________
Item 1(b).  Address of Issuer's Principal Executive Offices:

124 West Capitol Avenue, Suite 880, Little Rock, Arkansas 72201

______________________________________________________________________________________
Item 2(a).  Name of Person Filing:

This statement is filed by:

(i) Empire Capital Partners, LP, a Delaware limited partnership ("Empire Capital"), with respect to the shares of Common Stock and/or Warrants (as defined herein below) directly owned by it

(ii) Empire GP, LLC, a Delaware limited liability company ("Empire GP"), with respect to the shares of Common Stock and/or Warrants directly owned by Empire Capital

(iii) Empire Capital Management, LLC, a Delaware limited liability company ("Empire Management") with respect to the shares of Common Stock and/or Warrants directly owned by Empire Capital Partners, LTD (the "Empire Overseas Fund"), Charter Oak Partners, LP, Charter Oak Partners II, LP and Charter Oak Master Fund LP (the "Charter Oak Funds") and Empire Capital Partners Enhanced Master Fund, LTD (the "Enhanced Master Fund")

(iv) Mr. Scott A. Fine ("Mr. Fine"), individually, and with respect to the shares of Common Stock and/or Warrants directly owned by Empire Capital, the Empire Overseas Fund, the Charter Oak Funds and the Enhanced Master Fund and

(v) Mr. Peter J. Richards ("Mr. Richards"), individually, and with respect to the shares of Common Stock and/or Warrants directly owned by Empire Capital, the Empire Overseas Fund, the Charter Oak Funds and the Enhanced Master Fund.

The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons."  Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party.

______________________________________________________________________________________
Item 2(b).  Address of Principal Business Office, or if None, Residence:

One Gorham Island, Suite 201, Westport, CT 06880

______________________________________________________________________________________
Item 2(c).  Citizenship:

Empire Capital is a limited partnership organized under the laws of the State of Delaware.  Each of Empire GP and Empire Management is a limited liability company organized under the laws of the State of Delaware.  Mr. Fine and Mr. Richards are each a United States citizen.

______________________________________________________________________________________
Item 2(d).  Title of Class of Securities:

Common Stock, $0.001 par value

______________________________________________________________________________________
Item 2(e).  CUSIP Number:

883906406

______________________________________________________________________________________
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 §15 of the Act (15 U.S.C. 78o).

             (b)  [_]  Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

             (c)  [_]  Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

             (d)  [_]  Investment company registered under section 8 of the Investment Company Act of 1940
                           (15 U.S.C 80a-8).

             (e)  [_]  An investment adviser in accordance with §240.13d-1(b)(1)(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 associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

             (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 (15 U.S.C. 80a-3);

             (j)  [_]  Group, in accordance with §240.13d-1(b)(1)(ii)(J).

 


CUSIP No. 883906406                                                           13G                                                       Page 8 of 13

______________________________________________________________________________________
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.  Empire Capital Partners, LP and Empire GP, LLC:

  (a)  Amount beneficially owned:

1,055,685 Common Stock
1,014,582 Based on Warrants


     (b)  Percent of class:

3.6%


The percentages used herein and in the rest of Item 4 are calculated based upon: (i) information received in writing by the Reporting Persons from the Company that the total number of shares of Common Stock outstanding as of June 30, 2009 is 53,352,765 and (ii) the 4,471,138 additional shares of Common Stock deemed to be outstanding pursuant to Rule 13d-3(1)(i) because such shares may be obtained and beneficially owned upon the exercise or conversion (within sixty days) of derivative securities currently owned by the Reporting Persons.  Pursuant to Rule 13d-3(d)(1)(i), the number of issued and outstanding shares of Common Stock assumes that each other shareholder of the Company does not exercise or convert herein within sixty days.

     (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

1,055,685 Common Stock
1,014,582 Based on Warrants

            (iii)  Sole power to dispose or to direct the disposition of
-0-



            (iv)  Shared power to dispose or to direct the disposition of

2,070,267


Empire Capital has the power to dispose of and the power to vote the shares of Common Stock and/or Warrants beneficially owned by it, which power may be exercised by its general partner, Empire GP.  Empire GP does not directly own any shares of Common Stock and/or Warrants.  By reason of the provisions of Rule 13d-3 of the Securities Exchange Act of 1934 (the "Act"), Empire GP may be deemed to own beneficially the shares owned by Empire Capital.


 CUSIP No. 883906406                                                           13G                                                       Page 9 of 13


B.  Empire Management:

  (a)  Amount beneficially owned:

1,987,886 Common Stock
1,956,557 Based on Warrants


     (b)  Percent of class:

6.8%


     (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

1,987,886 Common Stock
1,956,557 Based on Warrants

            (iii)  Sole power to dispose or to direct the disposition of
-0-



            (iv)  Shared power to dispose or to direct the disposition of

3,944,443



The Empire Overseas Fund, the Charter Oak Funds and the Enhanced Master Fund each have the power to dispose of and the power to vote the shares of Common Stock and/or Warrants beneficially owned by them, which power may be exercised by their investment manager, Empire Management.  Empire Management does not directly own any shares of Common Stock and/or Warrants.  By reason of the provisions of Rule 13d-3 of the Securities Exchange Act of 1934 (the "Act"), Empire GP may be deemed to own beneficially the shares owned by the Empire Overseas Fund, the Charter Oak Funds and the Enhanced Master Fund.


 CUSIP No. 883906406                                                           13G                                                       Page 10 of 13

 

C.  Mr. Scott Fine

  (a)  Amount beneficially owned:

3,043,571 Common Stock
3,721,138 Based on Warrants


     (b)  Percent of class:

11.7%


     (c)  Number of shares as to which such person has:

            (i)    Sole power to vote or to direct the vote

750,000 Based on Warrants



            (ii)   Shared power to vote or to direct the vote

3,034,571 Common Stock
3,721,138 Based on Warrants

            (iii)  Sole power to dispose or to direct the disposition of
750,000 Based on Warrants



            (iv)  Shared power to dispose or to direct the disposition of

6,764,709


Mr. Fine and Mr. Richards, as Members, direct the operations of Empire GP and Empire Management.  By reason of the provisions of Rule 13d-3 of the Securities Exchange Act of 1934 (the "Act"), each may be deemed to own beneficially the shares owned by Empire Capital, the Empire Overseas Fund, the Charter Oak Funds and the Enhanced Master Fund.


CUSIP No. 883906406                                                           13G                                                       Page 11 of 13

 

 D.  Mr. Peter J. Richards

  (a)  Amount beneficially owned:

3,043,571 Common Stock
3,721,138 Based on Warrants


     (b)  Percent of class:

11.7%


     (c)  Number of shares as to which such person has:

            (i)    Sole power to vote or to direct the vote

750,000 Based on Warrants



            (ii)   Shared power to vote or to direct the vote

3,043,571 Common Stock
3,721,138 Based on Warrants

            (iii)  Sole power to dispose or to direct the disposition of
750,000 Based on Warrants



            (iv)  Shared power to dispose or to direct the disposition of

6,764,709


Mr. Fine and Mr. Richards, as Members, direct the operations of Empire GP and Empire Management.  By reason of the provisions of Rule 13d-3 of the Securities Exchange Act of 1934 (the "Act"), each may be deemed to own beneficially the shares owned by Empire Capital, the Empire Overseas Fund, the Charter Oak Funds and the Enhanced Master Fund.


 CUSIP No. 883906406                                                           13G                                                       Page 12 of 13
______________________________________________________________________________________
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 [ ].

Not Applicable
______________________________________________________________________________________
Item 6.  Ownership of More Than Five Percent on Behalf of Another Person.

Empire GP, the general partner of Empire Capital, has the power to direct the affairs of Empire Capital, including decisions respecting the disposition of the proceeds from the sale of Common Stock and/or Warrants.  Empire Management, the investment manager of the Empire Overseas Fund, has the power to direct the affairs of the Empire Overseas Fund, including decisions respecting the disposition of the proceeds from the sale of Common Stock and/or Warrants.  Empire Management, pursuant to investment management agreements with Charter Oak, Charter Oak II and Charter Oak Master, has the power to dispose of the proceeds from the sale of Common Stock and/or Warrants with respect to those assets of the Charter Oak Funds under its discretion.  Empire Management, pursuant to an investment management agreements with the Enhanced Master Fund, has the power to dispose of the proceeds from the sale of Common Stock and/or Warrants with respect to those assets under its discretion.  Mr. Fine and Mr. Richards are Members of Empire GP and Empire Management and, in their capacities, direct the operations of Empire GP and Empire Management.

______________________________________________________________________________________
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.  Certifications.

               (a) The following certification shall be included if the statement is filed pursuant to §240.13d-1(b):

                     By signing below I certify that, to the best of my knowledge and belief, the securities referred to above
                     were acquired and are held in the ordinary course of business and 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.

               (b) The following certification shall be included if the statement is filed pursuant to §240.13d-1(c):

                     By signing below I certify that, to the best of my knowledge and belief, the securities referred to above
                     were acquired and are held in the ordinary course of business and 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.

 



CUSIP No. 883906406                                                           13G                                                       Page 13 of 13

 

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.

 

July 8, 2009
(Date)

 

By:  /s/ Scott A. Fine
Scott A Fine, Individually
Scott A. Fine, as Member of Empire GP, LLC and Empire Capital Management, LLC

(Signature/Name/Title)


 

By:  /s/ Peter J. Richards
Peter J. Richards, Individually
Peter J. Richards, as Member of Empire GP, LLC and Empire Capital Management, LLC

(Signature/Name/Title)


 

Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties for whom copies are to be sent.

Attention. Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001).


 


 

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