0000898431-01-500120.txt : 20011010
0000898431-01-500120.hdr.sgml : 20011010
ACCESSION NUMBER: 0000898431-01-500120
CONFORMED SUBMISSION TYPE: SC 13G
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20011009
GROUP MEMBERS: NONE
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: QUAKER CAPITAL MANAGEMENT CORP
CENTRAL INDEX KEY: 0000911092
STANDARD INDUSTRIAL CLASSIFICATION: []
IRS NUMBER: 251495646
STATE OF INCORPORATION: PA
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13G
BUSINESS ADDRESS:
STREET 1: ARROTT BLDG 401 WOOD STREET
STREET 2: STE 1300
CITY: PITTSBURGH
STATE: PA
ZIP: 15222-1824
MAIL ADDRESS:
STREET 1: ARROTT BLDG 401 WOOD STREET
STREET 2: SUITE 1300
CITY: PITTSBURGH
STATE: PA
ZIP: 15222
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: SPECTRUM CONTROL INC
CENTRAL INDEX KEY: 0000092769
STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS, NEC [3679]
IRS NUMBER: 251196447
STATE OF INCORPORATION: PA
FISCAL YEAR END: 1130
FILING VALUES:
FORM TYPE: SC 13G
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-52277
FILM NUMBER: 1754587
BUSINESS ADDRESS:
STREET 1: 8031 AVONIA ROAD
CITY: FAIRVIEW
STATE: PA
ZIP: 16415
BUSINESS PHONE: 8148351650
MAIL ADDRESS:
STREET 1: 8031 AVONIA ROAD
CITY: FAIRVIEW
STATE: PA
ZIP: 16415
SC 13G
1
schedule13g.txt
SCHEDULE 13G
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
SPECTRUM CONTROL INC.
-----------------------------------------------------------------
(Name of Issuer)
Common Stock
-----------------------------------------------------------------
(Title of Class of Securities)
847615101
--------------------
(CUSIP Number)
September 30, 2001
----------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
/ X / Rule 13d-1(b)
/ / Rule 13d-1(c)
/ / 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 the section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
SCHEDULE 13G
CUSIP NO. 847615101
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Quaker Capital Management Corporation
-----------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a)
------
(b) X
------
3. SEC Use Only
---------------------------------------------
4. Citizenship or Place of Organization Pennsylvania
------------------
Number of 5. Sole Voting Power 786,500
Shares ------------------
Beneficially 6. Shared Voting Power 614,100
Owned by ------------------
Each Reporting 7. Sole Dispositive Power 786,500
Person ------------------
With: 8. Shared Dispositive Power 614,100
------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
1,400,600
----------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares
--------
The Reporting Person disclaims beneficial ownership of 1,368,900 shares
owned by its clients.
11. Percent of Class Represented by Amount in Row (9)
10.48%
--------------
12. Type of Reporting Person IA
--------------
Page 2 of 7 Pages
SCHEDULE 13G
CUSIP NO. 847615101
Item 1.
(a) Name of Issuer
SPECTRUM CONTROL INC.
--------------------------------------------------------------
(b) Address of Issuer's Principal Executive Offices
8031 Avonia Road, Fairview, Pennsylvania 16415
--------------------------------------------------------------
Item 2.
(a) Name of Persons Filing
Quaker Capital Management Corporation
--------------------------------------------------------------
(b) Address of Principal Business Office or, if none,
Residence
401 Wood Street, Suite 1300, Pittsburgh, PA 15222
--------------------------------------------------------------
(c) Citizenship
Pennsylvania, USA
--------------------------------------------------------------
(d) Title of Class of Securities
Common Stock
--------------------------------------------------------------
(e) CUSIP Number
847615101
--------------------------------------------------------------
Page 3 of 7 Pages
SCHEDULE 13G
CUSIP NO. 847615101
Item 3. If this statement is filed pursuant to ss.ss.240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
(a) / / Broker of dealer registered under section 15 of
the Act;
(b) / / Bank as defined in section 3(a)(6) of the Act;
(c) / / Insurance company as defined in section 3(a)(19)
of the Act;
(d) / / Investment company registered under section 8 of
the Investment Company Act of 1940;
(e) / X / An investment adviser in accordance withss.240.13d-
1(b)(l)(ii)(E);
(f) / / An employee benefit plan or endowment fund in
accordance withss.240.13d-1(b)(1)(ii)(F);
(g) / / A parent holding company or control person in
accordance withss.240.13d-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 of 1940;
(j) / / Group, in accordance withss.240.13d-1((b)(l)(ii)(J)
Item 4. Ownership
---------
(a) The Reporting Person, in its capacity as investment adviser,
may be deemed to be the beneficial owner of 1,368,900 shares
of the Common Stock of the Issuer which are owned by various
investment advisory clients of the Reporting Person in
accounts over which the Reporting Person has discretionary
authority. The filing of this report shall not be construed as
an admission that the Reporting Person is, for purposes of
Section 13(d) or 13(g) of the Act, the beneficial owner of
these securities. Additionally, the Reporting Person and/or
its principals and employees own 31,700 shares of the Common
Stock of the Issuer.
Page 4 of 7 Pages
SCHEDULE 13G
CUSIP NO. 847615101
(b) The shares covered by this report represent 10.48% of the
Common Stock of the Issuer.
(c) The Reporting Person has shared voting and dispositive power
over 614,100 shares and sole voting and dispositive power over
754,800 shares owned by its clients and held in accounts
over which it has discretionary authority. The Reporting
Person and/or its principals and employees have sole voting
and dispositive power over the 31,700 shares owned by the
Reporting Person and/or its principals and employees.
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:
----------
Item 6. Ownership of More than Five Percent on Behalf of
Another Person
1,368,900 of the shares with respect to which this report is
filed are owned by a variety of investment advisory clients of the Reporting
Person, which clients are entitled to receive dividends on and the proceeds from
the sale of such shares. No client is known to own more than 5% of the class.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company
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. Certification
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
Page 5 of 7 Pages
SCHEDULE 13G
CUSIP NO. 847615101
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.
Page 7 of 7 Pages
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.
QUAKER CAPITAL MANAGEMENT CORPORATION
OCTOBER 8, 2001
---------------------------------------
Date
/S/ MARK G. SCHOEPPNER
---------------------------------------
Signature
/S/ MARK G. SCHOEPPNER, PRESIDENT
----------------------------------------
Name/Title
Page 7 of 7 Pages