0000919574-05-000325.txt : 20120705
0000919574-05-000325.hdr.sgml : 20120704
20050207152737
ACCESSION NUMBER: 0000919574-05-000325
CONFORMED SUBMISSION TYPE: SC 13G
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20050207
DATE AS OF CHANGE: 20050207
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: ULTIMATE ELECTRONICS INC
CENTRAL INDEX KEY: 0000911626
STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-RADIO TV & CONSUMER ELECTRONICS STORES [5731]
IRS NUMBER: 840585211
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0131
FILING VALUES:
FORM TYPE: SC 13G
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-50453
FILM NUMBER: 05580354
BUSINESS ADDRESS:
STREET 1: 321 WEST 84TH AVE
STREET 2: SUITE A
CITY: THORNTON
STATE: CO
ZIP: 80260
BUSINESS PHONE: 303-412-2500
MAIL ADDRESS:
STREET 1: 321 WEST 84TH AVE
STREET 2: SUITE A
CITY: THORNTON
STATE: CO
ZIP: 80260
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
d545055_13-g.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. )
ULTIMATE ELECTRONICS, INC.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
--------------------------------------------------------------------------------
(Title of Class of Securities)
903849107
--------------------------------------------------------------------------------
(CUSIP Number)
January 27, 2005
--------------------------------------------------------------------------------
(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. 903849107
---------------------
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
51,313
6. SHARED VOTING POWER
1,787,590
7. SOLE DISPOSITIVE POWER
51,313
8. SHARED DISPOSITIVE POWER
1,787,590
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,838,903
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
8 [_]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.4%
12. TYPE OF REPORTING PERSON
IA; OO
CUSIP No. 903849107
---------------------
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
1,556,542
7. SOLE DISPOSITIVE POWER
0
8. SHARED DISPOSITIVE POWER
1,556,542
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,556,542
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[_]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.1%
12. TYPE OF REPORTING PERSON
CO
CUSIP No. 903849107
---------------------
Item 1(a). Name of Issuer:
Ultimate Electronics, Inc.
--------------------------------------------------------------------
Item 1(b). Address of Issuer's Principal Executive Offices:
321 West 84th Avenue
Suite A
Thornton, Colorado 80260
--------------------------------------------------------------------
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
--------------------------------------------------------------------
Item 2(e). CUSIP Number:
903849107
--------------------------------------------------------------------
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. 1,838,903
Contrarian Equity Fund, L.P. 1,556,542
----------------------------------------------------------------------
(b) Percent of class:
Contrarian Capital Management, L.L.C. 8.4%
Contrarian Equity Fund, L.P. 7.1%
----------------------------------------------------------------------
(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. 51,313
Contrarian Equity Fund, L.P. 0
(ii) Shared power to vote or to direct the vote:
Contrarian Capital Management, L.L.C. 1,787,590
Contrarian Equity Fund, L.P. 1,556,542
(iii) Sole power to dispose or to direct the disposition of:
Contrarian Capital Management, L.L.C. 51,313
Contrarian Equity Fund, L.P. 0
(iv) Shared power to dispose or to direct the disposition of:
Contrarian Capital Management, L.L.C. 1,787,590
Contrarian Equity Fund, L.P. 1,556,542
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 the Reporting Persons certify that, to the best of
their 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/ Jon R. Bauer
-------------------
By: Jon R. Bauer
Title: Managing Member
CONTRARIAN EQUITY FUND, L.P.*
By: Contrarian Capital Management, L.L.C.
/s/ Jon R. Bauer
-------------------
By: Jon R. Bauer
Title: Managing Member
Date: February 7, 2005
*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 February 7, 2005 relating to
the Common Stock of Ultimate Electronics, Inc. shall be filed on behalf of the
undersigned.
CONTRARIAN CAPITAL MANAGEMENT, L.L.C.
/s/ Jon R. Bauer
-------------------
By: Jon R. Bauer
Title: Managing Member
CONTRARIAN EQUITY FUND, L.P.
By: Contrarian Capital Management, L.L.C.
/s/ Jon R. Bauer
-------------------
By: Jon R. Bauer
Title: Managing Member
Date: February 7, 2005
01385.0001 #545055