-----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, LnQFqxgWzdxp2D+vyVXoFCOFi27/Zs+gTipa41V/P27dZNrfXjeCqgZcELKQtrNm ocskL1bcJHDIlAeapNW5rw== 0000909518-07-000655.txt : 20070703 0000909518-07-000655.hdr.sgml : 20070703 20070703112246 ACCESSION NUMBER: 0000909518-07-000655 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070703 DATE AS OF CHANGE: 20070703 GROUP MEMBERS: HBK FUND L.P. GROUP MEMBERS: HBK MANAGEMENT LLC GROUP MEMBERS: HBK MASTER FUND L.P. GROUP MEMBERS: HBK PARTNERS II L.P. GROUP MEMBERS: HBK SERVICES LLC GROUP MEMBERS: JOHN P. GRAYKEN GROUP MEMBERS: LONE STAR FUND V (U.S.), L.P. GROUP MEMBERS: LONE STAR MANAGEMENT CO. V, LTD. GROUP MEMBERS: LONE STAR PARTNERS V, L.P. GROUP MEMBERS: LSF5 GENPAR VII, LLC GROUP MEMBERS: LSF5 INDY HOLDINGS, LLC GROUP MEMBERS: LSF5 INDY INVESTMENTS, LLC GROUP MEMBERS: LSF5 REOC VII L.P. GROUP MEMBERS: ROBERT J. STETSON SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: STEAK & SHAKE CO CENTRAL INDEX KEY: 0000093859 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] IRS NUMBER: 370684070 STATE OF INCORPORATION: IN FISCAL YEAR END: 0927 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-30771 FILM NUMBER: 07958358 BUSINESS ADDRESS: STREET 1: 36 S PENNSYLVANIA ST STREET 2: CENTURY BLDG - 500 CITY: INDIANAPOLIS STATE: IN ZIP: 46236 BUSINESS PHONE: 3176334100 MAIL ADDRESS: STREET 1: 36 S PENNSYLVANIA ST STREET 2: CENTURY BLDG - 500 CITY: INDIANAPOLIS STATE: IN ZIP: 46204 FORMER COMPANY: FORMER CONFORMED NAME: CONSOLIDATED PRODUCTS INC /IN/ DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: STEAK N SHAKE INC DATE OF NAME CHANGE: 19840529 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HBK INVESTMENTS L P CENTRAL INDEX KEY: 0001011443 IRS NUMBER: 752622581 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 300 CRESCENT CT STREET 2: STE 700 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 2147586100 MAIL ADDRESS: STREET 1: 300 CRESCENT CT STREET 2: STE 700 CITY: DALLAS STATE: TX ZIP: 75201 SC 13D/A 1 mv7-3_13da1.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D/A UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 1)* The Steak n Shake Company - -------------------------------------------------------------------------------- (NAME OF ISSUER) Common Stock, stated value $0.50 per share - -------------------------------------------------------------------------------- (TITLE OF CLASS OF SECURITIES) 857873-10-3 - -------------------------------------------------------------------------------- (CUSIP NUMBER) - -------------------------------------------------------------------------------- Jon L. Mosle Marc L. Lipshy HBK Investments L.P. Hudson Advisors LLC 300 Crescent Court, Suite 700 717 North Harwood Street, Suite 2100 Dallas, Texas 75201 Dallas, Texas 75201 (214) 758-6107 (214) 754-8430 - -------------------------------------------------------------------------------- with a copy to: Jeffrey B. Hitt, Esq. Weil, Gotshal & Manges LLP 200 Crescent Court, Suite 300 Dallas, Texas 75201 (214) 746-7700 - -------------------------------------------------------------------------------- ( NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS) July 2, 2007 - -------------------------------------------------------------------------------- (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. [ ] NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See ss.240.13d-7 for other parties to whom copies are to be sent. *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 disclosures provided in a prior cover page. The information required on 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).
- ------------------------------------------------------------------------------------------------------------------------------------ CUSIP No. 857873-10-3 13D Page 2 of 24 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON: HBK MASTER FUND L.P. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): - ------------------- ---------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_] (B) [X] - ------------------- ---------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------- ---------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: WC - ------------------- ---------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] - ------------------- ---------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: CAYMAN ISLANDS - ------------------------------ ------- --------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: SHARES ------- --------------------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 1,324,150 OWNED BY ------- --------------------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: REPORTING ------- --------------------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,324,150 - ------------------- ---------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,324,150 - ------------------- ---------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ------------------- ---------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 4.7% - ------------------- ---------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: PN - ------------------- ---------------------------------------------------------------------------------------------------------------- 2 - ------------------------------------------------------------------------------------------------------------------------------------ CUSIP No. 857873-10-3 13D Page 3 of 24 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON: HBK FUND L.P. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): - ------------------- ---------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_] (B) [X] - ------------------- ---------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------- ---------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: WC - ------------------- ---------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] - ------------------- ---------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE - ------------------------------ ------- --------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: SHARES ------- --------------------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 0 OWNED BY ------- --------------------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: REPORTING ------- --------------------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 - ------------------- ---------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 0 - ------------------- ---------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] - ------------------- ---------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0% - ------------------- ---------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: PN - ------------------- ---------------------------------------------------------------------------------------------------------------- 3 - ------------------------------------------------------------------------------------------------------------------------------------ CUSIP No. 857873-10-3 13D Page 4 of 24 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON: HBK INVESTMENTS L.P. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): - ------------------- ---------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_] (B) [X] - ------------------- ---------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------- ---------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: WC - ------------------- ---------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] - ------------------- ---------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE - ------------------------------ ------- --------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: SHARES ------- --------------------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 1,324,150 OWNED BY ------- --------------------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: REPORTING ------- --------------------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,324,150 - ------------------- ---------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,324,150 - ------------------- ---------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] - ------------------- ---------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 4.7% - ------------------- ---------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: PN - ------------------- ---------------------------------------------------------------------------------------------------------------- 4 - ------------------------------------------------------------------------------------------------------------------------------------ CUSIP No. 857873-10-3 13D Page 5 of 24 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON: HBK SERVICES LLC I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): - ------------------- ---------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_] (B) [X] - ------------------- ---------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------- ---------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: WC - ------------------- ---------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] - ------------------- ---------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE - ------------------------------ ------- --------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: SHARES ------- --------------------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 1,324,150 OWNED BY ------- --------------------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: REPORTING ------- --------------------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,324,150 - ------------------- ---------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,324,150 - ------------------- ---------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] - ------------------- ---------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 4.7% - ------------------- ---------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: OO - ------------------- ---------------------------------------------------------------------------------------------------------------- 5 - ------------------------------------------------------------------------------------------------------------------------------------ CUSIP No. 857873-10-3 13D Page 6 of 24 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON: HBK PARTNERS II L.P. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): - ------------------- ---------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_] (B) [X] - ------------------- ---------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------- ---------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: WC - ------------------- ---------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] - ------------------- ---------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE - ------------------------------ ------- --------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: SHARES ------- --------------------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 1,324,150 OWNED BY ------- --------------------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: REPORTING ------- --------------------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,324,150 - ------------------- ---------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,324,150 - ------------------- ---------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] - ------------------- ---------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 4.7% - ------------------- ---------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: PN - ------------------- ---------------------------------------------------------------------------------------------------------------- 6 - ------------------------------------------------------------------------------------------------------------------------------------ CUSIP No. 857873-10-3 13D Page 7 of 24 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON: HBK MANAGEMENT LLC I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): - ------------------- ---------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_] (B) [X] - ------------------- ---------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------- ---------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: WC - ------------------- ---------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] - ------------------- ---------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE - ------------------------------ ------- --------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: SHARES ------- --------------------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 1,324,150 OWNED BY ------- --------------------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: REPORTING ------- --------------------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,324,150 - ------------------- ---------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,324,150 - ------------------- ---------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] - ------------------- ---------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 4.7% - ------------------- ---------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: OO - ------------------- ---------------------------------------------------------------------------------------------------------------- 7 - ------------------------------------------------------------------------------------------------------------------------------------ CUSIP No. 857873-10-3 13D Page 8 of 24 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON: LSF5 INDY INVESTMENTS, LLC I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): - ------------------- ---------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_] (B) [X] - ------------------- ---------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------- ---------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: OO - ------------------- ---------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] - ------------------- ---------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE - ------------------------------ ------- --------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: SHARES ------- --------------------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 1,324,150 OWNED BY ------- --------------------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: REPORTING ------- --------------------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,324,150 - ------------------- ---------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,324,150 - ------------------- ---------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ------------------- ---------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 4.7% - ------------------- ---------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: OO - ------------------- ---------------------------------------------------------------------------------------------------------------- 8 - ------------------------------------------------------------------------------------------------------------------------------------ CUSIP No. 857873-10-3 13D Page 9 of 24 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON: LSF5 INDY HOLDINGS, LLC I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): - ------------------- ---------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_] (B) [X] - ------------------- ---------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------- ---------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: OO - ------------------- ---------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] - ------------------- ---------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE - ------------------------------ ------- --------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: SHARES ------- --------------------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 1,324,150 OWNED BY ------- --------------------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: REPORTING ------- --------------------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,324,150 - ------------------- ---------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,324,150 - ------------------- ---------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] - ------------------- ---------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 4.7% - ------------------- ---------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: OO - ------------------- ---------------------------------------------------------------------------------------------------------------- 9 - ------------------------------------------------------------------------------------------------------------------------------------ CUSIP No. 857873-10-3 13D Page 10 of 24 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON: LSF5 REOC VII, L.P. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): - ------------------- ---------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_] (B) [X] - ------------------- ---------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------- ---------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: OO - ------------------- ---------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] - ------------------- ---------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE - ------------------------------ ------- --------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: SHARES ------- --------------------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 1,324,150 OWNED BY ------- --------------------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: REPORTING ------- --------------------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,324,150 - ------------------- ---------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,324,150 - ------------------- ---------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] - ------------------- ---------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 4.7% - ------------------- ---------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: PN - ------------------- ---------------------------------------------------------------------------------------------------------------- 10 - ------------------------------------------------------------------------------------------------------------------------------------ CUSIP No. 857873-10-3 13D Page 11 of 24 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON: LSF5 GENPAR VII, LLC I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): - ------------------- ---------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_] (B) [X] - ------------------- ---------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------- ---------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: OO - ------------------- ---------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] - ------------------- ---------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE - ------------------------------ ------- --------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: SHARES ------- --------------------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 1,324,150 OWNED BY ------- --------------------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: REPORTING ------- --------------------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,324,150 - ------------------- ---------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,324,150 - ------------------- ---------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] - ------------------- ---------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 4.7% - ------------------- ---------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: OO - ------------------- ---------------------------------------------------------------------------------------------------------------- 11 - ------------------------------------------------------------------------------------------------------------------------------------ CUSIP No. 857873-10-3 13D Page 12 of 24 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON: LONE STAR FUND V (U.S.), L.P. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): - ------------------- ---------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_] (B) [X] - ------------------- ---------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------- ---------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: OO - ------------------- ---------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] - ------------------- ---------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE - ------------------------------ ------- --------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: SHARES ------- --------------------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 1,324,150 OWNED BY ------- --------------------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: REPORTING ------- --------------------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,324,150 - ------------------- ---------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,324,150 - ------------------- ---------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] - ------------------- ---------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 4.7% - ------------------- ---------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: PN - ------------------- ---------------------------------------------------------------------------------------------------------------- 12 - ------------------------------------------------------------------------------------------------------------------------------------ CUSIP No. 857873-10-3 13D Page 13 of 24 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON: LONE STAR PARTNERS V, L.P. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): - ------------------- ---------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_] (B) [X] - ------------------- ---------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------- ---------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: OO - ------------------- ---------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] - ------------------- ---------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: BERMUDA - ------------------------------ ------- --------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: SHARES ------- --------------------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 1,324,150 OWNED BY ------- --------------------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: REPORTING ------- --------------------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,324,150 - ------------------- ---------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,324,150 - ------------------- ---------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] - ------------------- ---------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 4.7% - ------------------- ---------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: PN - ------------------- ---------------------------------------------------------------------------------------------------------------- 13 - ------------------------------------------------------------------------------------------------------------------------------------ CUSIP No. 857873-10-3 13D Page 14 of 24 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON: LONE STAR MANAGEMENT CO. V, LTD. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): - ------------------- ---------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_] (B) [X] - ------------------- ---------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------- ---------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: OO - ------------------- ---------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] - ------------------- ---------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: BERMUDA - ------------------------------ ------- --------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: SHARES ------- --------------------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 1,324,150 OWNED BY ------- --------------------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: REPORTING ------- --------------------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,324,150 - ------------------- ---------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,324,150 - ------------------- ---------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] - ------------------- ---------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 4.7% - ------------------- ---------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: OO - ------------------- ---------------------------------------------------------------------------------------------------------------- 14 - ------------------------------------------------------------------------------------------------------------------------------------ CUSIP No. 857873-10-3 13D Page 15 of 24 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON: JOHN P. GRAYKEN I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): - ------------------- ---------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_] (B) [X] - ------------------- ---------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------- ---------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: OO - ------------------- ---------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] - ------------------- ---------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: IRELAND - ------------------------------ ------- --------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: SHARES ------- --------------------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 1,324,150 OWNED BY ------- --------------------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: REPORTING ------- --------------------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,324,150 - ------------------- ---------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,324,150 - ------------------- ---------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] - ------------------- ---------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 4.7% - ------------------- ---------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: OO - ------------------- ---------------------------------------------------------------------------------------------------------------- 15 - ------------------------------------------------------------------------------------------------------------------------------------ CUSIP No. 857873-10-3 13D Page 16 of 24 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON: ROBERT J. STETSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): - ------------------- ---------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_] (B) [X] - ------------------- ---------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------- ---------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: PF - ------------------- ---------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] - ------------------- ---------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: UNITED STATES - ------------------------------ ------- --------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 55,426(1) SHARES ------- --------------------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: OWNED BY ------- --------------------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 55,426(1) REPORTING ------- --------------------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: - ------------------- ---------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 55,426(1) - ------------------- ---------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] - ------------------- ---------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.2% - ------------------- ---------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN - ------------------- ----------------------------------------------------------------------------------------------------------------
(1) Includes 15,000 shares held in the account of a family member over which he has sole voting and dispositive power. 16 SCHEDULE 13D ------------ EXPLANATORY NOTES: This Amendment No. 1 to Schedule 13D (this "Amendment") is being filed by Robert J. Stetson and the HBK Reporting Persons and Lone Star Reporting Persons (collectively, the "Reporting Persons") identified in the Schedule 13D filed on June 25, 2007 (the "Schedule 13D") with the Securities and Exchange Commission relating to the shares of common stock, stated value $0.50 per share, of The Steak n Shake Company. The Schedule 13D is hereby amended and supplemented by the Reporting Persons as set forth below in this Amendment. Capitalized terms used but not defined in this Amendment shall have the meanings given in the Schedule 13D. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. The last sentence of Item 3 is hereby amended and restated in its entirety as follows: On July 2, 2007, HBK Master and HBK Fund sold an aggregate of 925,650 shares of SNS Common Stock to Indy Investment pursuant to the Investment Letter Agreement described in Item 6 below for an aggregate purchase price of $14,152,234.24, which amount was paid in cash. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. The disclosure in paragraphs (a) and (b) of Item 5 is hereby amended and restated in its entirety as follows: (a) and (b) The respective percentages set forth below are based on 28,450,690 shares of SNS Common Stock outstanding as of May 9, 2007, as reported by the Issuer in its Form 10-Q for the sixteen weeks ended April 11, 2007, filed with the Securities and Exchange Commission on May 18, 2007. By virtue of the relationships among the Reporting Persons described herein, the Reporting Persons may be deemed to constitute a "group" within the meaning of Rule 13d-5(b) under the Exchange Act. As a member of a group, each Reporting Person may be deemed to beneficially own the SNS Common Stock beneficially owned by the members of the group as a whole. As of July 2, 2007, the Reporting Persons beneficially owned in the aggregate 2,703,726 shares of SNS Common Stock, which represents approximately 9.5% of the outstanding SNS Common Stock. Except as set forth herein, each of the Reporting Persons expressly disclaims beneficial ownership of such shares held by any other members of such group. HBK Master has direct beneficial ownership of 1,324,150 shares of SNS Common Stock, which represents approximately 4.7% of the outstanding SNS Common Stock. HBK Fund has direct beneficial ownership of 0 shares of SNS Common Stock, which represents 0% of the outstanding SNS Common Stock. Page 17 of 24 HBK Master and HBK Fund have delegated discretion to vote and dispose of the SNS Common Stock to HBK Investments. HBK Investments, as a result of such delegations, has indirect beneficial ownership of 1,324,150 shares of SNS Common Stock, which represents approximately 4.7% of the outstanding SNS Common Stock. HBK Investments has delegated discretion to vote and dispose of the SNS Common Stock to HBK Services. HBK Services, as a result of such delegation, has indirect beneficial ownership of 1,324,150 shares of SNS Common Stock, which represents approximately 4.7% of the outstanding SNS Common Stock. HBK Partners, as the general partner of HBK Investments, has indirect beneficial ownership of 1,324,150 shares of SNS Common Stock, which represents approximately 4.7% of the outstanding SNS Common Stock. HBK Management, as the general partner of HBK Partners and the managing member of HBK Services, has indirect beneficial ownership of 1,324,150 shares of SNS Common Stock, which represents approximately 4.7% of the outstanding SNS Common Stock. Indy Investments has direct beneficial ownership of 1,324,150 shares of SNS Common Stock, which represents approximately 4.7% of the outstanding SNS Common Stock. Indy Holdings, as the sole member of Indy Investments, has indirect beneficial ownership of 1,324,150 shares of SNS Common Stock, which represents approximately 4.7% of the outstanding SNS Common Stock. REOC VII, as the managing member of Indy Holdings, has indirect beneficial ownership of 1,324,150 shares of SNS Common Stock, which represents approximately 4.7% of the outstanding SNS Common Stock. GenPar VII, as the general partner of REOC VII, has indirect beneficial ownership of 1,324,150 shares of SNS Common Stock, which represents approximately 4.7% of the outstanding SNS Common Stock. Fund V, as the general partner of GenPar VII, has indirect beneficial ownership of 1,324,150 shares of SNS Common Stock, which represents approximately 4.7% of the outstanding SNS Common Stock. Lone Star Partners, as the general partner of Fund V, has indirect beneficial ownership of 1,324,150 shares of SNS Common Stock, which represents approximately 4.7% of the outstanding SNS Common Stock. Lone Star Management, as the general partner of Lone Star Partners, has indirect beneficial ownership of 1,324,150 shares of SNS Common Stock, which represents approximately 4.7% of the outstanding SNS Common Stock. Page 18 of 24 Mr. Grayken, as the sole shareholder of Lone Star Management, has indirect beneficial ownership of 1,324,150 shares of SNS Common Stock, which represents approximately 4.7% of the outstanding SNS Common Stock. Mr. Stetson has direct beneficial ownership of 55,426 shares of SNS Common Stock, which represents approximately 0.2% of the outstanding SNS Common Stock. Of such 55,426 shares, 15,000 shares of SNS Common Stock are held in an account for a family member over which he has sole voting and dispositive power. The Cover Pages of this Schedule 13D are incorporated herein by reference. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. The disclosure in Item 6 is hereby supplemented by adding the following after the last sentence thereof: On July 2, 2007, Indy Investment purchased 158,805 shares of SNS Common Stock from HBK Master and 766,845 shares of SNS Common Stock from HBK Fund for an aggregate purchase price of $14,152,234.24 pursuant to the Investment Letter Agreement. Page 19 of 24 Signatures ---------- After reasonable inquiry and to the best knowledge and belief of each of the undersigned, such person certifies that the information set forth in this Schedule 13D with respect to such person is true, complete and correct. Dated: July 3, 2007 HBK MASTER FUND L.P. BY: HBK SERVICES LLC INVESTMENT ADVISOR BY: /S/ JON L. MOSLE ----------------------------- NAME: JON L. MOSLE TITLE: AUTHORIZED SIGNATORY (1) HBK FUND L.P. BY: HBK SERVICES LLC INVESTMENT ADVISOR BY: /S/ JON L. MOSLE ----------------------------- NAME: JON L. MOSLE TITLE: AUTHORIZED SIGNATORY (1) HBK INVESTMENTS L.P. BY: /S/ JON L. MOSLE ----------------------------- NAME: JON L. MOSLE TITLE: AUTHORIZED SIGNATORY (1) Page 20 of 24 [Signature Page to Amendment No. 1 to Schedule 13D] HBK SERVICES LLC BY: /S/ JON L. MOSLE ----------------------------- NAME: JON L. MOSLE TITLE: AUTHORIZED SIGNATORY (1) HBK PARTNERS II L.P. BY: HBK MANAGEMENT LLC GENERAL PARTNER BY: /S/ JON L. MOSLE ----------------------------- NAME: JON L. MOSLE TITLE: AUTHORIZED SIGNATORY (1) HBK MANAGEMENT LLC BY: /S/ JON L. MOSLE ----------------------------- NAME: JON L. MOSLE TITLE: AUTHORIZED SIGNATORY (1) (1) AN AUTHORIZATION CERTIFICATE AUTHORIZING JON L. MOSLE TO ACT ON BEHALF OF EACH REPORTING PERSON WAS PREVIOUSLY FILED. Page 21 of 24 [Signature Page to Amendment No. 1 to Schedule 13D] LSF5 INDY INVESTMENTS, LLC BY: /S/ MARC L. LIPSHY --------------------------------------- NAME: MARC L. LIPSHY TITLE: VICE PRESIDENT LSF5 INDY HOLDINGS, LLC BY: /S/ MARC L. LIPSHY --------------------------------------- NAME: MARC L. LIPSHY TITLE: VICE PRESIDENT LSF5 REOC VII, L.P. BY: LSF5 GENPAR VII, LLC, ITS GENERAL PARTNER BY: /S/ MARC L. LIPSHY --------------------------------------- NAME: MARC L. LIPSHY TITLE: VICE PRESIDENT LSF5 GENPAR VII, LLC BY: /S/ MARC L. LIPSHY --------------------------------------- NAME: MARC L. LIPSHY TITLE: VICE PRESIDENT Page 22 of 24 [Signature Page to Amendment No. 1 to Schedule 13D] LONE STAR FUND V (U.S.), L.P. BY: LONE STAR PARTNERS V, L.P., ITS GENERAL PARTNER BY: LONE STAR MANAGEMENT CO. V, LTD., ITS GENERAL PARTNER BY: /S/ MARC L. LIPSHY --------------------------------------- NAME: MARC L. LIPSHY TITLE: VICE PRESIDENT LONE STAR PARTNERS V, L.P. BY: LONE STAR MANAGEMENT CO. V, LTD., ITS GENERAL PARTNER BY: /S/ MARC L. LIPSHY --------------------------------------- NAME: MARC L. LIPSHY TITLE: VICE PRESIDENT LONE STAR MANAGEMENT CO. V, LTD. BY: /S/ MARC L. LIPSHY --------------------------------------- NAME: MARC L. LIPSHY TITLE: VICE PRESIDENT /S/ JOHN P. GRAYKEN ---------------------------------------------- JOHN P. GRAYKEN Page 23 of 24 [Signature Page to Amendment No. 1 to Schedule 13D] /S/ ROBERT J. STETSON ---------------------------------------------- ROBERT J. STETSON Page 24 of 24 [Signature Page to Amendment No. 1 to Schedule 13D] -----END PRIVACY-ENHANCED MESSAGE-----