13F-HR 1 form13fhr01874_12312005.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2005 Check here if Amendment /_/; Amendment Number: _______ This Amendment (Check only one): /_/ is a restatement. /_/ adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Steel Partners II, L.P. Address: 590 Madison Avenue, 32nd Floor New York, New York 10022 Form 13F File Number: 28-10730 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Lauren Isenman Title: Attorney-In-Fact for Warren G. Lichtenstein, Managing Member of General Partner of Steel Partners II, L.P. Phone: 212-520-2300 Signature, Place, and Date of Signing: /s/ Lauren Isenman, New York, NY, February 13, 2006 Report Type (Check only one): /X/ 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) /_/ 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) /_/ 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 --------------- Form 13F Information Table Entry Total: 45 --------------- Form 13F Information Table Value Total: $1,216,836 --------------- (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. No. Form 13F File Number Name 1 28-10766 Warren G. Lichtenstein ----- ----------------------- ----------------------- FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 -------- -------- -------- -------- -------- -------- -------- -------- VOTING AUTHORITY ---------------- TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------- ----- ----- -------- ------- --- ---- ---------- -------- ---- ------ ---- AMERICAN INDEPENDENCE COM 026760405 3260 283711 SH OTHER 1 0 283711 0 CORP NEW AMERICAN PAC CORP COM 028740108 289 41878 SH OTHER 1 0 41878 0 ANGELICA CORP COM 034663104 30554 1847250 SH OTHER 1 0 1847250 0 BAIRNCO CORP COM 057097107 9681 1110200 SH OTHER 1 0 1110200 0 BKF CAP GROUP INC COM 05548G102 13780 727200 SH OTHER 1 0 727200 0 BRINKS CO COM 109696104 140654 2935800 SH OTHER 1 0 2935800 0 C&D TECHNOLOGIES INC COM 124661109 2736 359000 SH OTHER 1 0 359000 0 CALGON CARBON CORP COM 129603106 1597 280700 SH OTHER 1 0 280700 0 CHEROKEE INTL CORP COM 164450108 10048 2179513 SH OTHER 1 0 2179513 0 CONTINENTAL MATLS CORP COM 211615307 9802 335700 SH OTHER 1 0 335700 0 PAR $0.25 CRONOS GROUP S A SHS L20708100 18156 1440971 SH OTHER 1 0 1440971 0 DCAP GROUP INC COM 233065200 47 18181 SH OTHER 1 0 18181 0 EARTHLINK INC COM 270321102 76242 6862503 SH OTHER 1 0 6862503 0 ENPRO INDS INC COM 29355X107 83869 3112028 SH OTHER 1 0 3112028 0 ENSTAR GROUP INC GA COM 29358R107 12244 184815 SH OTHER 1 0 184815 0 GENCORP INC COM 368682100 70523 3973100 SH OTHER 1 0 3973100 0 GRIFFON CORP COM 398433102 17960 754300 SH OTHER 1 0 754300 0 HALLMARK FINL SVCS INC EC COM 40624Q104 220 174500 SH OTHER 1 0 174500 0 IDT CORP CL B 448947309 9387 802300 SH OTHER 1 0 802300 0 IKON OFFICE SOLUTIONS INC COM 451713101 145285 13956300 SH OTHER 1 0 13956300 0 INDEPENDENCE HLDG CO NEW COM 453440307 2116 108234 SH OTHER 1 0 108234 0 NEW IPASS INC COM 46261V108 16367 2495033 SH OTHER 1 0 2495033 0 LAYNE CHRISTENSEN CO COM 521050104 36020 1416447 SH OTHER 1 0 1416447 0 LUBRIZOL CORP COM 549271104 6636 152800 SH OTHER 1 0 152800 0 NASHUA CORP COM 631226107 3410 485767 SH OTHER 1 0 485767 0 NATHANS FAMOUS INC NEW COM 632347100 10691 1018200 SH OTHER 1 0 1018200 0 NAUGATUCK VY FINL CORP COM 639067107 224 21834 SH OTHER 1 0 21834 0 NEW FRONTIER MEDIA INC COM 644398109 20676 3166270 SH OTHER 1 0 3166270 0 NOVOSTE CORP COM 67010C209 1350 608301 SH OTHER 1 0 608301 0 NEW P & F INDS INC CL A 692830508 4213 351085 SH OTHER 1 0 351085 0 NEW RONSON CORP COM 776338204 563 417265 SH OTHER 1 0 417265 0 NEW ROTECH HEALTHCARE INC COM 778669101 90796 5417450 SH OTHER 1 0 5417450 0 S L INDS INC COM 784413106 23267 1449650 SH OTHER 1 0 1449650 0 SPX CORP COM 784635104 31746 693600 SH OTHER 1 0 693600 0 STANDARD MTR PRODS INC COM 853666105 7362 797598 SH OTHER 1 0 797598 0 STRATEGIC DISTR INC COM 862701307 2849 289489 SH OTHER 1 0 289489 0 NEW STRATOS INTERNATIONAL INC COM 863100202 13320 2183650 SH OTHER 1 0 2183650 0 NEW TEMPLE INLAND INC COM 879868107 65660 1464000 SH OTHER 1 0 1464000 0 TEXAS INSTRS INC COM 882508104 6574 205000 SH OTHER 1 0 205000 0 TIME WARNER INC COM 887317105 5865 336300 SH OTHER 1 0 336300 0 UNITED INDL CORP COM 910671106 85928 2077050 SH OTHER 1 0 2077050 0 VECTOR GROUP LTD COM 92240M108 10045 552852 SH OTHER 1 0 552852 0 VESTA INS GROUP INC COM 925391104 1023 1022800 SH OTHER 1 0 1022800 0 WALTER INDS INC COM 93317Q105 94314 1896900 SH OTHER 1 0 1896900 0 WEBFINANCIAL CORP COM 94767P209 19487 1607823 SH OTHER 1 0 1607823 0 NEW