SC 13D 1 sg13d_source.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 SOURCE INTERLINK COMPANIES, INC. ------------------------------------------------------------------------------ (Name of Issuer) COMMON STOCK, PAR VALUE $0.01 PER SHARE ------------------------------------------------------------------------------ (Title of Class of Securities) 836151209 -------------------------------------------------------- (CUSIP Number) STEVEN B. KLINSKY NEW MOUNTAIN VANTAGE, L.P. 787 SEVENTH AVENUE, 49TH FLOOR NEW YORK, NY 10019 (212) 720-0300 Copies to: STUART H. GELFOND FRIED, FRANK, HARRIS, SHRIVER & JACOBSON LLP ONE NEW YORK PLAZA NEW YORK, NY 10004-1980 (212) 859-8000 -------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) MARCH 2, 2006 -------------------------------------------------------- (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: [ ] *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). SCHEDULE 13D ------------------------------ ---------------------------- CUSIP NO. 836151209 Page 2 of 14 Pages ------------------------------ ---------------------------- ------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) NEW MOUNTAIN VANTAGE GP, L.L.C. ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] ------------------------------------------------------------------------------ 3 SEC USE ONLY ------------------------------------------------------------------------------ 4 SOURCE OF FUNDS AF ------------------------------------------------------------------------------ 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] ------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE ------------------------------------------------------------------------------ 7 SOLE VOTING POWER 0 NUMBER OF ------------------------------------------------------------- 8 SHARED VOTING POWER SHARES 1,585,200 BENEFICIALLY ------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER OWNED BY 0 EACH ------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER REPORTING 1,585,200 PERSON WITH ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,585,200 ------------------------------------------------------------------------------ 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.1% ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON OO ------------------------------------------------------------------------------ SCHEDULE 13D ------------------------------ ---------------------------- CUSIP NO. 836151209 Page 3 of 14 Pages ------------------------------ ---------------------------- ------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) NEW MOUNTAIN VANTAGE, L.P. ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] ------------------------------------------------------------------------------ 3 SEC USE ONLY ------------------------------------------------------------------------------ 4 SOURCE OF FUNDS WC ------------------------------------------------------------------------------ 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] ------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE ------------------------------------------------------------------------------ 7 SOLE VOTING POWER 0 NUMBER OF ------------------------------------------------------------- 8 SHARED VOTING POWER SHARES 696,400 BENEFICIALLY ------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER OWNED BY 0 EACH ------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER REPORTING 696,400 PERSON WITH ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 696,400 ------------------------------------------------------------------------------ 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.4% ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON PN ------------------------------------------------------------------------------ SCHEDULE 13D ------------------------------ ---------------------------- CUSIP NO. 836151209 Page 4 of 14 Pages ------------------------------ ---------------------------- ------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) NEW MOUNTAIN VANTAGE (CALIFORNIA), L.P. ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] ------------------------------------------------------------------------------ 3 SEC USE ONLY ------------------------------------------------------------------------------ 4 SOURCE OF FUNDS WC ------------------------------------------------------------------------------ 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] ------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE ------------------------------------------------------------------------------ 7 SOLE VOTING POWER 0 NUMBER OF ------------------------------------------------------------- 8 SHARED VOTING POWER SHARES 888,800 BENEFICIALLY ------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER OWNED BY 0 EACH ------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER REPORTING 888,800 PERSON WITH ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 888,800 ------------------------------------------------------------------------------ 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.7% ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON PN ------------------------------------------------------------------------------ SCHEDULE 13D ------------------------------ ---------------------------- CUSIP NO. 836151209 Page 5 of 14 Pages ------------------------------ ---------------------------- ------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) NEW MOUNTAIN VANTAGE ADVISORS, L.L.C. ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] ------------------------------------------------------------------------------ 3 SEC USE ONLY ------------------------------------------------------------------------------ 4 SOURCE OF FUNDS AF ------------------------------------------------------------------------------ 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] ------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE ------------------------------------------------------------------------------ 7 SOLE VOTING POWER 0 NUMBER OF ------------------------------------------------------------- 8 SHARED VOTING POWER SHARES 3,284,000 BENEFICIALLY ------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER OWNED BY 0 EACH ------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER REPORTING 3,284,000 PERSON WITH ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,284,000 ------------------------------------------------------------------------------ 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.4% ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON OO ------------------------------------------------------------------------------ SCHEDULE 13D ------------------------------ ---------------------------- CUSIP NO. 836151209 Page 6 of 14 Pages ------------------------------ ---------------------------- ------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) NEW MOUNTAIN VANTAGE (CAYMAN) LTD. ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] ------------------------------------------------------------------------------ 3 SEC USE ONLY ------------------------------------------------------------------------------ 4 SOURCE OF FUNDS WC ------------------------------------------------------------------------------ 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] ------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION CAYMAN ISLANDS ------------------------------------------------------------------------------ 7 SOLE VOTING POWER 0 NUMBER OF ------------------------------------------------------------- 8 SHARED VOTING POWER SHARES 1,698,800 BENEFICIALLY ------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER OWNED BY 0 EACH ------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER REPORTING 1,698,800 PERSON WITH ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,698,800 ------------------------------------------------------------------------------ 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.3% ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON CO ------------------------------------------------------------------------------ SCHEDULE 13D ------------------------------ ---------------------------- CUSIP NO. 836151209 Page 7 of 14 Pages ------------------------------ ---------------------------- ------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) NEW MOUNTAIN VANTAGE HOLDCO LTD. ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] ------------------------------------------------------------------------------ 3 SEC USE ONLY ------------------------------------------------------------------------------ 4 SOURCE OF FUNDS WC ------------------------------------------------------------------------------ 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] ------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION CAYMAN ISLANDS ------------------------------------------------------------------------------ 7 SOLE VOTING POWER 0 NUMBER OF ------------------------------------------------------------- 8 SHARED VOTING POWER SHARES 1,698,800 BENEFICIALLY ------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER OWNED BY 0 EACH ------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER REPORTING 1,698,800 PERSON WITH ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,698,800 ------------------------------------------------------------------------------ 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.3% ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON CO ------------------------------------------------------------------------------ SCHEDULE 13D ------------------------------ ---------------------------- CUSIP NO. 836151209 Page 8 of 14 Pages ------------------------------ ---------------------------- ------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) STEVEN B. KLINSKY ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] ------------------------------------------------------------------------------ 3 SEC USE ONLY ------------------------------------------------------------------------------ 4 SOURCE OF FUNDS AF, PF ------------------------------------------------------------------------------ 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] ------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES OF AMERICA ------------------------------------------------------------------------------ 7 SOLE VOTING POWER 0 NUMBER OF ------------------------------------------------------------- 8 SHARED VOTING POWER SHARES 3,284,000 BENEFICIALLY ------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER OWNED BY 0 EACH ------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER REPORTING 3,284,000 PERSON WITH ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,284,000 ------------------------------------------------------------------------------ 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.4% ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON IN ------------------------------------------------------------------------------ ITEM 1. SECURITY AND ISSUER This statement on Schedule 13D ("Statement") relates to the common stock, par value $0.01 per share ("Common Stock"), of Source Interlink Companies, Inc., a Delaware corporation (the "Issuer"). The principal executive offices of the Issuer are located at 27500 Riverview Center Blvd, Bonita Springs, Florida 34134. ITEM 2. IDENTITY AND BACKGROUND (a) - (c) AND (f). This Statement is filed by New Mountain Vantage GP, L.L.C., a Delaware limited liability company ("Vantage GP"), New Mountain Vantage, L.P., a Delaware limited partnership ("NMV"), New Mountain Vantage (California), L.P., a Delaware limited partnership ("NMVC"), New Mountain Vantage Advisors, L.L.C., a Delaware limited liability company ("NMV Advisors"), New Mountain Vantage (Cayman) Ltd., a Cayman Islands exempt limited company ("NMV Offshore"), New Mountain Vantage HoldCo Ltd., a Cayman Islands exempt limited company ("NMV Offshore HoldCo", NMV Offshore HoldCo, together with NMV and NMVC, the "Purchasers"), and Steven B. Klinsky (collectively, the "Reporting Persons").(1) ------------------------- (1) Neither the present filing nor anything contained herein shall be construed as an admission that any Reporting Person constitutes a "person" for any purposes other than Section 13(d) of the Securities Exchange Act of 1934, as amended. Vantage GP is the general partner of NMV and NMVC, and is principally engaged in the business of serving as NMV's and NMVC's general partner. NMV Offshore is the sole member of NMV Offshore HoldCo and NMV Offshore HoldCo was formed to hold securities on behalf of NMV Offshore. NMV Advisors serves as the investment advisor and manager of each of NMV, NMVC and NMV Offshore and is principally engaged in the business of managing NMV, NMVC and NMV Offshore. Each of NMV, NMVC and NMV Offshore was formed to seek long-term capital appreciation primarily through investments in publicly traded equity securities of companies whose equity securities are listed primarily on a U.S. securities exchange. Steven B. Klinsky is the sole managing member of Vantage GP and the sole member of NMV Advisors. Mr. Klinsky is engaged principally in the business of serving as the sole managing member of Vantage GP and the sole member of NMV Advisors and as the Chief Executive Officer and managing member of New Mountain Capital, LLC, a Delaware limited liability company which is principally engaged in managing private equity funds. Mr. Klinsky is a citizen of the United States of America. The principal business address of each of the Reporting Persons (other than NMV Offshore and NMV Offshore HoldCo) is 787 Seventh Avenue, 49th Floor, New York, NY 10019. The principal business address of each of NMV Offshore and NMV Offshore HoldCo is c/o Walkers SPV Limited, PO Box 908GT, Walker House, Mary Street, George Town, Grand Cayman, Cayman Islands. The Reporting Persons have entered into a joint filing agreement, dated as of March 13, 2006, a copy of which is attached to this Statement as Exhibit 99.1. (d) - (e). None of the Reporting Persons during the last five years has been convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors) or was party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which any such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION The aggregate purchase price of the 3,284,000 shares of Common Stock owned by the Purchasers is $36,386,483, including brokerage commissions. The shares of Common Stock owned by Purchasers were acquired with working capital. ITEM 4. PURPOSE OF TRANSACTION The Reporting Persons purchased the shares of Common Stock based on the Reporting Persons' belief that the shares of Common Stock, when purchased, were undervalued and represented an attractive investment opportunity. In light of the Issuer's announcement on March 2, 2006, which occurred after the time at which the Reporting Persons became a 5% stockholder of the Issuer and accordingly became obligated to file this Statement, that it has commenced a process to evaluate strategic alternatives, the Reporting Persons intend to discuss with the Issuer's management, board of directors, its significant stockholder and/or its advisors the process of evaluating strategic alternatives and matters related thereto. Except as set forth in this Statement, the Reporting Persons have no present plans or proposals that relate to or would result in any transaction, event or action described in paragraphs (a) through (j) of Item 4 of the form of Schedule 13D promulgated under the Act. Each of the Reporting Persons is engaged in the investment business. In pursuing this business, the Reporting Persons analyze the operations, capital structure and markets of companies, including the Issuer, on a continuous basis through analysis of documentation and discussions with knowledgeable industry and market observers and with representatives of such companies. From time to time, one or more of such members may hold discussions with third parties, the management of such companies or the board of directors of such companies in which the Reporting Person may suggest or take a position with respect to potential changes in the operations, management or capital structure of such companies as a means of enhancing stockholder value. Each of the Reporting Persons reserves the right, in light of its continuing analysis and discussions as described above and its ongoing evaluation of the market price of the Common Stock, conditions in the securities markets generally, general economic and industry conditions, its business objectives and other relevant factors, to change its plans and intentions at any time, as it deems appropriate. In particular, and without limiting the generality of the foregoing, any one or more of the Reporting Persons (and their respective affiliates) may purchase additional shares of Common Stock or other securities of the Issuer or may sell or transfer shares of Common Stock or other securities of the Issuer in public or private transactions, may distribute Common Stock or other securities of the Issuer in-kind to their partners or member, as applicable, may seek board representation, may make proposals concerning changes to the operations, management or capital structure of the Issuer, may enter into privately negotiated derivative transactions with institutional counterparties to hedge the market risk of some or all of their positions in the Common Stock or other securities, and/or may take any other action that might result in any transaction, event or action described in paragraphs (a) through (j) of Item 4 of the form of Schedule 13D promulgated under the Act. Any such transactions may be effected at any time or from time to time, subject to any applicable limitations imposed on the transactions by the Securities Act or other applicable law. Except as described in this Statement and except for arrangements between and among the Reporting Persons, none of the Reporting Persons has any contracts, agreements, arrangements, understandings or relationships with any other person or entity for the purpose of acquiring, holding, voting or disposing of any shares of Common Stock. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a). The aggregate percentage of shares of Common Stock reported owned by each person named herein is based upon 51,412,311 shares of Common Stock outstanding, which is the total number of shares of Common Stock outstanding as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended October 31, 2005, as filed with the Securities and Exchange Commission on December 12, 2005. As of the close of business on March 10, 2006, Mr. Klinsky and NMV Advisors may be deemed to beneficially own an aggregate of 3,284,000 shares of Common Stock that may be deemed to be beneficially owned by NMV, NMVC and NMV Offshore representing, in the aggregate, approximately 6.4% of the issued and outstanding shares of Common Stock. Mr. Klinsky and NMV Advisors disclaim beneficial ownership of the shares of Common Stock beneficially owned by NMV, NMVC and NMV Offshore, to the extent that partnership interests in NMV, NMVC and NMV Offshore are held by persons other than Mr. Klinsky. As of the close of business on March 10, 2006, Vantage GP may be deemed to beneficially own an aggregate of 1,585,200 shares of Common Stock that may be deemed to be beneficially owned by NMV and NMVC representing, in the aggregate, approximately 3.1% of the issued and outstanding shares of Common Stock. Vantage GP disclaims beneficial ownership of the shares of Common Stock beneficially owned by NMV and NMVC to the extent that partnership interests in NMV and NMVC are held by persons other than Vantage GP. As of the close of business on March 10, 2006, NMV Offshore may be deemed to beneficially own an aggregate of 1,698,800 shares of Common Stock that may be deemed to be beneficially owned by NMV Offshore HoldCo, representing approximately 3.3% of the issued and outstanding shares of Common Stock. As of the close of business on March 10, 2006, (i) NMV may be deemed to beneficially own an aggregate of 696,400 shares of Common Stock, representing approximately 1.4% of the issued and outstanding shares of Common Stock, (ii) NMVC may be deemed to beneficially own an aggregate of 888,800 shares of Common Stock, representing approximately 1.7% of the issued and outstanding shares of Common Stock and (iii) NMV Offshore HoldCo may be deemed to beneficially own an aggregate of 1,698,800 shares of Common Stock, representing approximately 3.3% of the issued and outstanding shares of Common Stock. (b). Each Reporting Person may be deemed to share the power to vote or direct the vote and to dispose or to direct the disposition of the shares of Common Stock that the Reporting Person may be deemed to beneficially own as described above. (c). Schedule A annexed hereto lists all transactions in the shares of Common Stock during the past sixty days by the Reporting Persons. All of such transactions were effected in the open market. (d). No person is known by any Reporting Person to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any shares of Common Stock that may be deemed to be beneficially owned by any Reporting Person. (e). Not applicable. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER Other than as described herein, there are no contracts, arrangements, understandings or relationships among the Reporting Persons, or between the Reporting Persons and any other person, with respect to the securities of the Issuer. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS 99.1 Joint Filing Agreement, dated March 13, 2006. 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. Date: March 13, 2006 NEW MOUNTAIN VANTAGE GP, L.L.C. By: /s/ Steven B. Klinsky ---------------------------- Steven B. Klinsky Managing Member NEW MOUNTAIN VANTAGE, L.P. By: New Mountain Vantage GP, L.L.C., its general partner By: /s/ Steven B. Klinsky ---------------------------- Steven B. Klinsky Managing Member NEW MOUNTAIN VANTAGE (CALIFORNIA), L.P. By: New Mountain Vantage GP, L.L.C., its general partner By: /s/ Steven B. Klinsky ---------------------------- Steven B. Klinsky Managing Member NEW MOUNTAIN VANTAGE ADVISORS, L.L.C. By: /s/ Steven B. Klinsky ---------------------------- Steven B. Klinsky Managing Member NEW MOUNTAIN VANTAGE (CAYMAN) LTD. By: /s/ Steven B. Klinsky ---------------------------- Steven B. Klinsky Director NEW MOUNTAIN VANTAGE HOLDCO LTD. By: /s/ Steven B. Klinsky ---------------------------- Steven B. Klinsky Director By: /s/ Steven B. Klinsky ---------------------------- Steven B. Klinsky SCHEDULE A TRANSACTIONS IN THE PAST SIXTY DAYS BY THE PURCHASERS NMV
------------------------- --------------------------------------- ------------------------------- Date Shares of Common Stock Purchased Approximate Price per Share (inclusive of commissions) ------------------------- --------------------------------------- ------------------------------- 1/12/2006 53,100 $11.46 ------------------------- --------------------------------------- ------------------------------- 1/12/2006 28,700 $11.45 ------------------------- --------------------------------------- ------------------------------- 1/13/2006 19,100 $11.38 ------------------------- --------------------------------------- ------------------------------- 1/17/2006 49,500 $11.31 ------------------------- --------------------------------------- ------------------------------- 1/18/2006 12,500 $11.18 ------------------------- --------------------------------------- ------------------------------- 1/19/2006 21,900 $11.31 ------------------------- --------------------------------------- ------------------------------- 1/20/2006 19,100 $11.02 ------------------------- --------------------------------------- ------------------------------- 1/27/2006 8,600 $11.49 ------------------------- --------------------------------------- ------------------------------- 1/30/2006 8,800 $11.32 ------------------------- --------------------------------------- ------------------------------- 1/31/2006 17,200 $11.21 ------------------------- --------------------------------------- ------------------------------- 2/1/2006 4,300 $11.27 ------------------------- --------------------------------------- ------------------------------- 2/2/2006 12,800 $11.35 ------------------------- --------------------------------------- ------------------------------- 2/3/2006 16,800 $11.31 ------------------------- --------------------------------------- ------------------------------- 2/6/2006 3,000 $11.25 ------------------------- --------------------------------------- ------------------------------- 2/7/2006 6,100 $11.29 ------------------------- --------------------------------------- ------------------------------- 2/8/2006 6,100 $11.43 ------------------------- --------------------------------------- ------------------------------- 2/9/2006 13,100 $11.36 ------------------------- --------------------------------------- ------------------------------- 2/10/2006 25,000 $11.12 ------------------------- --------------------------------------- ------------------------------- 2/13/2006 22,800 $10.99 ------------------------- --------------------------------------- ------------------------------- 2/14/2006 7,500 $10.95 ------------------------- --------------------------------------- ------------------------------- 2/15/2006 500 $11.03 ------------------------- --------------------------------------- ------------------------------- 2/22/2006 16,700 $11.22 ------------------------- --------------------------------------- ------------------------------- 2/23/2006 24,900 $10.83 ------------------------- --------------------------------------- ------------------------------- 2/24/2006 45,700 $10.62 ------------------------- --------------------------------------- ------------------------------- 3/2/2006 16,700 $10.05 ------------------------- --------------------------------------- ------------------------------- 3/3/2006 22,100 $10.86 ------------------------- --------------------------------------- ------------------------------- 3/3/2006 86,500 $10.84 ------------------------- --------------------------------------- ------------------------------- 3/6/2006 33,900 $10.74 ------------------------- --------------------------------------- ------------------------------- 3/7/2006 11,100 $10.50 ------------------------- --------------------------------------- ------------------------------- NMVC ------------------------- --------------------------------------- ------------------------------- Date Shares of Common Stock Purchased Approximate Price per Share (inclusive of commissions) ------------------------- --------------------------------------- ------------------------------- 1/12/2006 51,400 $11.45 ------------------------- --------------------------------------- ------------------------------- 1/13/2006 34,200 $11.38 ------------------------- --------------------------------------- ------------------------------- 1/17/2006 88,700 $11.31 ------------------------- --------------------------------------- ------------------------------- 1/18/2006 22,300 $11.18 ------------------------- --------------------------------------- ------------------------------- 1/19/2006 39,200 $11.31 ------------------------- --------------------------------------- ------------------------------- 1/20/2006 34,100 $11.02 ------------------------- --------------------------------------- ------------------------------- 1/27/2006 17,100 $11.49 ------------------------- --------------------------------------- ------------------------------- 1/30/2006 17,400 $11.32 ------------------------- --------------------------------------- ------------------------------- 1/31/2006 34,100 $11.21 ------------------------- --------------------------------------- ------------------------------- 2/1/2006 8,500 $11.27 ------------------------- --------------------------------------- ------------------------------- 2/14/2006 10,300 $10.95 ------------------------- --------------------------------------- ------------------------------- 2/15/2006 800 $11.03 ------------------------- --------------------------------------- ------------------------------- 2/22/2006 23,000 $11.22 ------------------------- --------------------------------------- ------------------------------- 2/23/2006 34,200 $10.83 ------------------------- --------------------------------------- ------------------------------- 2/24/2006 62,800 $10.62 ------------------------- --------------------------------------- ------------------------------- 3/3/2006 110,500 $10.84 ------------------------- --------------------------------------- ------------------------------- 3/6/2006 43,200 $10.74 ------------------------- --------------------------------------- ------------------------------- 3/7/2006 14,100 $10.50 ------------------------- --------------------------------------- ------------------------------- NMV Offshore HoldCo ------------------------- --------------------------------------- ------------------------------- Date Shares of Common Stock Purchased Approximate Price per Share (inclusive of commissions) ------------------------- --------------------------------------- ------------------------------- 1/12/2006 70,300 $11.45 ------------------------- --------------------------------------- ------------------------------- 1/13/2006 46,700 $11.38 ------------------------- --------------------------------------- ------------------------------- 1/17/2006 121,800 $11.31 ------------------------- --------------------------------------- ------------------------------- 1/18/2006 30,600 $11.18 ------------------------- --------------------------------------- ------------------------------- 1/19/2006 53,900 $11.31 ------------------------- --------------------------------------- ------------------------------- 1/20/2006 46,800 $11.02 ------------------------- --------------------------------------- ------------------------------- 1/27/2006 24,300 $11.49 ------------------------- --------------------------------------- ------------------------------- 1/30/2006 24,900 $11.32 ------------------------- --------------------------------------- ------------------------------- 1/31/2006 48,700 $11.21 ------------------------- --------------------------------------- ------------------------------- 2/1/2006 12,200 $11.27 ------------------------- --------------------------------------- ------------------------------- 2/2/2006 29,400 $11.35 ------------------------- --------------------------------------- ------------------------------- 2/3/2006 38,200 $11.31 ------------------------- --------------------------------------- ------------------------------- 2/6/2006 7,000 $11.25 ------------------------- --------------------------------------- ------------------------------- 2/7/2006 13,900 $11.29 ------------------------- --------------------------------------- ------------------------------- 2/8/2006 13,900 $11.43 ------------------------- --------------------------------------- ------------------------------- 2/9/2006 30,000 $11.36 ------------------------- --------------------------------------- ------------------------------- 2/10/2006 56,900 $11.12 ------------------------- --------------------------------------- ------------------------------- 2/13/2006 52,200 $10.99 ------------------------- --------------------------------------- ------------------------------- 2/14/2006 18,205 $10.95 ------------------------- --------------------------------------- ------------------------------- 2/15/2006 1,329 $11.03 ------------------------- --------------------------------------- ------------------------------- 2/22/2006 40,866 $11.22 ------------------------- --------------------------------------- ------------------------------- 2/23/2006 60,900 $10.83 ------------------------- --------------------------------------- ------------------------------- 2/24/2006 111,500 $10.62 ------------------------- --------------------------------------- ------------------------------- 3/2/2006 38,300 $10.05 ------------------------- --------------------------------------- ------------------------------- 3/3/2006 50,700 $10.86 ------------------------- --------------------------------------- ------------------------------- 3/3/2006 211,100 $10.84 ------------------------- --------------------------------------- ------------------------------- 3/6/2006 82,586 $10.74 ------------------------- --------------------------------------- ------------------------------- 3/7/2006 27,114 $10.50 ------------------------- --------------------------------------- -------------------------------