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