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SCHEDULE 13D
(AMENDMENT NO. 10)
Under the Securities Exchange Act of 1934
PRG-SCHULTZ INTERNATIONAL, INC.
--------------------------------------------------------------------------------
(Name of Company)
Common Stock
--------------------------------------------------------------------------------
(Title of Class of Securities)
69357C107
--------------------------------------------------------------------------------
(CUSIP Number of Class of Securities)
Andre Weiss, Esq.
Schulte Roth & Zabel LLP
919 Third Avenue
New York, New York 10022
(212) 756-2431
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
October 26, 2005
--------------------------------------------------------------------------------
(Date of Event which Requires
Filing of this Schedule)
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 sections 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 section 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).
SCHEDULE 13D
------------------------------ -------------------------
CUSIP NO. 69357C107 PAGE 2 OF 13 PAGES
------------------------------ -------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
BLUM CAPITAL PARTNERS, L.P. I.R.S. ID: 94-3205364
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) /X/
(b) /X/
----------- --------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------
4 SOURCE OF FUNDS*
See Item 3
----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
/ /
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED 0
BY EACH REPORTING --------- ------------------------------------------------
PERSON WITH 8 SHARED VOTING POWER
13,939,012 shares (including 4,651,939 shares
issuable upon conversion of notes and payable as
shares of interest under the notes) (see Item 5)
--------- ------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
13,939,012 shares (including 4,651,939 shares
issuable upon conversion of notes and payable as
shares of interest under the notes) (see Item 5)
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
13,939,012 shares (including 4,651,939 shares issuable upon
conversion of notes and payable as shares of interest under the
notes) (see Item 5)
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES*
/ /
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5)
20.8% (see Item 5)
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN, IA
----------- --------------------------------------------------------------------
SCHEDULE 13D
------------------------------ -------------------------
CUSIP NO. 69357C107 PAGE 3 OF 13 PAGES
------------------------------ -------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
RICHARD C. BLUM & ASSOCIATES, INC. I.R.S. ID: 94-2967812
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) /X/
(b) /X/
----------- --------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------
4 SOURCE OF FUNDS*
See Item 3
----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
/ /
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED 0
BY EACH REPORTING --------- ------------------------------------------------
PERSON WITH 8 SHARED VOTING POWER
13,939,012 shares (including 4,651,939 shares
issuable upon conversion of notes and payable as
shares of interest under the notes) (see Item 5)
--------- ------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
13,939,012 shares (including 4,651,939 shares
issuable upon conversion of notes and payable as
shares of interest under the notes) (see Item 5)
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
13,939,012 shares (including 4,651,939 shares issuable upon
conversion of notes and payable as shares of interest under the
notes) (see Item 5)
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES*
/ /
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.8% (see Item 5)
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
----------- --------------------------------------------------------------------
SCHEDULE 13D
------------------------------ -------------------------
CUSIP NO. 69357C107 PAGE 4 OF 13 PAGES
------------------------------ -------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
BLUM STRATEGIC GP, L.L.C. I.R.S. ID: 94-3303831
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) /X/
(b) /X/
----------- --------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------
4 SOURCE OF FUNDS*
See Item 3
----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
/ /
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED 0
BY EACH REPORTING --------- ------------------------------------------------
PERSON WITH 8 SHARED VOTING POWER
13,939,012 shares (including 4,651,939 shares
issuable upon conversion of notes and payable as
shares of interest under the notes) (see Item 5)
--------- ------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
13,939,012 shares (including 4,651,939 shares
issuable upon conversion of notes and payable as
shares of interest under the notes) (see Item 5)
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
13,939,012 shares (including 4,651,939 shares issuable upon
conversion of notes and payable as shares of interest under the
notes) (see Item 5)
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES*
/ /
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5)
20.8% (see Item 5)
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
----------- --------------------------------------------------------------------
SCHEDULE 13D
------------------------------ -------------------------
CUSIP NO. 69357C107 PAGE 5 OF 13 PAGES
------------------------------ -------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
BLUM STRATEGIC PARTNERS II, L.P. I.R.S. ID: 94-3395151
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) /X/
(b) /X/
----------- --------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------
4 SOURCE OF FUNDS*
See Item 3
----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
/ /
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED 0
BY EACH REPORTING --------- ------------------------------------------------
PERSON WITH 8 SHARED VOTING POWER
13,939,012 shares (including 4,651,939 shares
issuable upon conversion of notes and payable as
shares of interest under the notes) (see Item 5)
--------- ------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
13,939,012 shares (including 4,651,939 shares
issuable upon conversion of notes and payable as
shares of interest under the notes) (see Item 5)
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
13,939,012 shares (including 4,651,939 shares issuable upon
conversion of notes and payable as shares of interest under the
notes) (see Item 5)
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES*
/ /
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5)
20.8% (see Item 5)
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
----------- --------------------------------------------------------------------
SCHEDULE 13D
------------------------------ -------------------------
CUSIP NO. 69357C107 PAGE 6 OF 13 PAGES
------------------------------ -------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
BLUM STRATEGIC GP II, L.L.C. I.R.S. ID: 94-3395150
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) /X/
(b) /X/
----------- --------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------
4 SOURCE OF FUNDS*
See Item 3
----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
/ /
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES --------- -----------------------------------------------
BENEFICIALLY OWNED 8 SHARED VOTING POWER
BY EACH REPORTING 13,939,012 shares (including 4,651,939 shares
PERSON WITH issuable upon conversion of notes and payable as
shares of interest under the notes) (see Item 5)
--------- ------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
13,939,012 shares (including 4,651,939 shares
issuable upon conversion of notes and payable as
shares of interest under the notes) (see Item 5)
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
13,939,012 shares (including 4,651,939 shares issuable upon
conversion of notes and payable as shares of interest under the
notes) (see Item 5)
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES*
/ /
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.8% (see Item 5)
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
----------- --------------------------------------------------------------------
This Amendment No. 10 amends the Statement on Schedule 13D (the "Schedule 13D")
filed with the Securities and Exchange Commission (the "Commission") on
September 2, 2003 by Blum Capital Partners, L.P., a California limited
partnership, ("Blum L.P."); Richard C. Blum & Associates, Inc., a California
corporation ("RCBA Inc."); Blum Strategic GP, L.L.C., a Delaware limited
liability company ("Blum GP"); Blum Strategic GP II, L.L.C., a Delaware limited
liability company ("Blum GP II"); Blum Strategic Partners II, L.P., a Delaware
limited partnership ("Blum Strategic II") (collectively, the "Reporting
Persons"); and Richard C. Blum. This amendment to the Schedule 13D relates to
the shares of Common Stock (the "Shares") of PRG-Schultz International, Inc., a
Georgia corporation (the "Company"). The following amendments to the Schedule
13D are hereby made. Unless otherwise defined herein, all capitalized terms
shall have the meanings ascribed to them in the Schedule 13D.
ITEM 2. IDENTITY AND BACKGROUND
Item 2 of the Schedule 13D is hereby amended as follows:
Since the filing of Amendment No. 9 to Schedule 13D, there have been
changes to the executive officers and directors of Blum L.P. and RCBA Inc.
The principal business office address of Blum L.P. and RCBA Inc. is 909
Montgomery Street, Suite 400, San Francisco, California 94133. The names of the
executive officers and directors of Blum L.P. and RCBA Inc., their addresses,
citizenship and principal occupations are as follows:
Principal
Occupation or
NAME AND OFFICE HELD BUSINESS ADDRESS CITIZENSHIP EMPLOYMENT
-------------------- ---------------- ----------- -------------
Richard C. Blum 909 Montgomery St. USA President &
Chairman, President & Chairman Suite 400 Blum L.P.
San Francisco, CA 94133
Nils Colin Lind 909 Montgomery St. Norway Managing Partner,
Managing Partner & Suite 400 Blum L.P.
Director San Francisco, CA 94133
John C. Walker 909 Montgomery St. USA Partner,
Partner Suite 400 Blum L.P.
San Francisco, CA 94133
Jose S. Medeiros 909 Montgomery St. Brazil Partner,
Partner Suite 400 Blum L.P.
San Francisco, CA 94133
Principal
Occupation or
NAME AND OFFICE HELD BUSINESS ADDRESS CITIZENSHIP EMPLOYMENT
-------------------- ---------------- ----------- -------------
John H. Park 909 Montgomery St. USA Partner,
Partner Suite 400 Blum L.P.
San Francisco, CA 94133
Gregory L. Jackson 909 Montgomery St. USA Partner,
Partner Suite 400 Blum L.P.
San Francisco, CA 94133
Jeffrey A. Cozad 909 Montgomery St. USA Partner,
Partner Suite 400 Blum, L.P.
San Francisco, CA 94133
Marc T. Scholvinck 909 Montgomery St. USA Partner & Chief
Partner, Chief Suite 400 Financial Officer,
Financial Officer, San Francisco, CA 94133 Blum, L.P.
Assistant Secretary & Director
Gregory D. Hitchan 909 Montgomery St. USA General Counsel &
General Counsel & Secretary Suite 400 Secretary,
San Francisco, CA 94133 Blum, L.P.
Since the filing of Amendment No. 9 to Schedule 13D, there have been changes to
the members of Blum GP.
Blum GP is a Delaware limited liability company whose principal business is
acting as the sole general partner of Blum Strategic Partners L.P.
The principal business office address of Blum GP is 909 Montgomery Street,
Suite 400, San Francisco, CA 94133. The names of the managing members and
members of Blum GP, their addresses, citizenship and principal occupations are
as follows:
Name and Business Citizen- Principal Occupation
Office Held Address ship or Employment
---------------------- ------------------------- ----------- -----------------------
Richard C. Blum 909 Montgomery St. USA President & Blum L.P.
Chairman, Suite 400
Managing Member San Francisco, CA 94133
Nils Cohn Lind 909 Montgomery St. Norway Managing Partner,
Managing Member Suite 400 Blum L.P.
San Francisco, CA 94133
John C. Walker 909 Montgomery St. USA Partner,
Member Suite 400 Blum L.P.
San Francisco, CA 94133
Jose S. Medeiros 909 Montgomery St. Brazil Partner,
Member Suite 400 Blum L.P.
San Francisco, CA 94133
Marc T. Scholvinck 909 Montgomery St. USA Partner, Blum L.P.
Member Suite 400
San Francisco, CA 94133
Jeffrey A. Cozad 909 Montgomery St. USA Partner, Blum L.P.
Member Suite 400
San Francisco, CA 94133
Gregory D. Hitchan 909 Montgomery St. USA General Counsel & Secretary
Member & General Suite 400 Blum L.P.
Counsel San Francisco, CA 94133
Since the filing of Amendment No. 9 to Schedule 13D, there have been
changes to the managing members and members of Blum GP II.
Blum GP II is a Delaware limited liability company whose principal
business is acting as the sole general partner of Blum Strategic Partners II,
L.P. and also as managing limited partner of Blum Strategic Partners II GmbH &
Co. KG.
The principal business office address of Blum GP II is 909 Montgomery
Street, Suite 400, San Francisco, CA 94133. The names of the managing members
and members of Blum GP II, their addresses, citizenship and principal
occupations are as follows:
Principal
Occupation or
NAME AND OFFICE HELD BUSINESS ADDRESS CITIZENSHIP EMPLOYMENT
-------------------- ---------------- ----------- -------------
Richard C. Blum 909 Montgomery St. USA President & Chairman,
Managing Member Suite 400 Blum L.P.
San Francisco, CA 94133
Nils Colin Lind 909 Montgomery St. Norway Managing Partner,
Managing Member Suite 400 Blum L.P.
San Francisco, CA 94133
Principal
Occupation or
NAME AND OFFICE HELD BUSINESS ADDRESS CITIZENSHIP EMPLOYMENT
-------------------- ---------------- ----------- -------------
John C. Walker 909 Montgomery St. USA Partner,
Managing Member Suite 400 Blum L.P.
San Francisco, CA 94133
Jose S. Medeiros 909 Montgomery St. Brazil Partner,
Managing Member Suite 400 Blum L.P.
San Francisco, CA 94133
John H. Park 909 Montgomery St. USA Partner,
Managing Member Suite 400 Blum L.P.
San Francisco, CA 94133
Gregory L. Jackson 909 Montgomery St. USA Partner,
Managing Member Suite 400 Blum L.P.
San Francisco, CA 94133
Marc T. Scholvinck 909 Montgomery St. USA Partner,
Managing Member Suite 400 Blum, L.P.
San Francisco, CA 94133
Jeffrey A. Cozad 909 Montgomery St. USA Partner,
Managing Member Suite 400 Blum, L.P.
San Francisco, CA 94133
Gregory D. Hitchan 909 Montgomery St. USA General Counsel &
Member, General Counsel & Secretary Suite 400 Secretary,
San Francisco, CA 94133 Blum, L.P.
To the best knowledged of the Reporting Persons, none of the entities
or persons identified in this Item 2 has, during the past five years, been
convicted of any criminal proceeding (excluding traffic violations or similar
misdemeanors), nor been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding
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 4. PURPOSE OF TRANSACTION.
Item 4 of the Schedule 13D is hereby supplemented by the following:
On October 26, 2005 at the request of the Issuer, an Ad Hoc Committee
of holders of the Convertible Notes (the "Ad Hoc Committee") was organized to
consider strategic alternatives relating to the Issuer. On October 26, 2005
members of the Ad Hoc Committee entered into a confidentiality agreement with
the Issuer. A copy of the confidentiality agreement is attached as an exhibit
hereto and incorporated into this Item 4 by reference. The members of the Ad Hoc
Committee are filing this statement because they may be deemed to be part of a
"group" within the meaning of Section 13(d)(3) of the Securities Exchange Act of
1934, as amended.
The Ad Hoc Committee met with the management of the Issuer on October
26, 2005, and may do so again or otherwise communicate with the management or
Board of Directors of the Issuer. Reporting Persons intend to review their
investment in the Issuer on a continuing basis. Although no Reporting Person has
any specific plan or proposal to acquire or dispose of the Issuer's securities,
consistent with its investment purpose, each Reporting Person at any time and
from time to time may acquire additional securities of the Issuer or dispose of
any or all of its investment in the Issuer depending upon an ongoing evaluation
of the investment in the Issuer's securities, price and availability of
securities of the Issuer, subsequent developments affecting the Issuer, its
business and prospects, general prevailing market and economic conditions, tax
considerations, other investment opportunities, liquidity requirements of the
Reporting Persons and/or other investment considerations and factors deemed
relevant. In addition, each of the Reporting Persons may in the future take such
actions with respect to its investment in the Issuer as it deems appropriate
including, without limitation, seeking board representation, making proposals to
the Issuer concerning changes to the capitalization, ownership structure or
operations of the Issuer, engaging in short selling of or any hedging or similar
transaction with respect to the Common Stock or changing its intention with
respect to any and all matters referred to in Item 4.
Also, consistent with the investment purpose, the Reporting Persons may
engage in communications with one or more shareholders of the Issuer, one or
more officers of the Issuer and/or one or more members of the board of directors
of the Issuer and/or one or more representatives of the Issuer regarding the
Issuer, including but not limited to its operations. The Reporting Persons may
discuss ideas that, if effected may result in any of the following: the
acquisition by persons of additional securities of the Issuer, an extraordinary
corporate transaction involving the Issuer, and/or changes in the board of
directors or management of the Issuer.
Except as set forth above, the Reporting Persons have no oral or
written agreements, understandings or arrangements with each other or any other
person relating to acquiring, holding, voting or disposing of any securities of
the Issuer or otherwise with respect to the Issuer.
Although the foregoing represents the range of activities presently
contemplated by the Reporting persons with respect to the Issuer, it should be
noted that the possible activities of the Reporting persons are subject to
change at any time. Except to the extent the foregoing may be deemed a plan or
proposal, none of the Reporting Persons has any plans or proposals which relate
to, or could result in, any of the matters referred to in paragraphs (a) through
(j), inclusive, of the instructions to Item 4 of Schedule 13D. The Reporting
Persons may, at any time and from time to time, review or reconsider their
position and/or change their purpose and/or formulate plans or proposals with
respect thereto.
The Reporting Persons expressly disclaim beneficial ownership of
securities held by any person or entity other than, to the extent of any
pecuniary interest therein, the various accounts under the Reporting Persons'
management and control. The securities reported herein as being beneficially
owned by the Reporting Persons do not include any securities held by other
members of Ad Hoc Committee (including but not limited to accounts or entities
under its
control or under common control with such other members) or any other person or
entity other than the various accounts under the Reporting Persons' management
and control.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
1. Exhibit A Joint Filing Agreement dated November 8, 2005, signed by each of
the Reporting Persons in order to confirm that this statement is being filed on
behalf of each of the Reporting Persons, attached hereto as Exhibit A.
SIGNATURES
After reasonable inquiry and to the best of his knowledge and belief,
each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: November 8, 2005
BLUM CAPITAL PARTNERS, L.P.
By: Richard C. Blum & Associates, Inc.
its General Partner
By: /s/ Gregory D. Hitchan
------------------------------------------------
Name: Gregory D. Hitchan
Title: Counsel and Secretary
RICHARD C. BLUM & ASSOCIATES, INC.
By: /s/ Gregory D. Hitchan
------------------------------------------------
Name: Gregory D. Hitchan
Title: Counsel and Secretary
BLUM STRATEGIC GP, L.L.C.
By: /s/ Gregory D. Hitchan
------------------------------------------------
Name: Gregory D. Hitchan
Title: Member and General Counsel
BLUM STRATEGIC PARTNERS II, L.P.
By: Blum Strategic GP II, L.L.C.,
Its General Partner
By: /s/ Gregory D. Hitchan
------------------------------------------------
Name: Gregory D. Hitchan
Title: Member and General Counsel
BLUM STRATEGIC GP II, L.L.C.
By: /s/ Gregory D. Hitchan
------------------------------------------------
Name: Gregory D. Hitchan
Title: Member and General Counsel
EXHIBIT INDEX
1. Exhibit A Joint Filing Agreement dated November 8, 2005, signed by each of
the Reporting Persons in order to confirm that this statement is being filed on
behalf of each of the Reporting Persons, attached hereto as Exhibit A.
EXHIBIT A
JOINT FILING UNDERTAKING
The undersigned, being duly authorized thereunto, hereby execute this agreement
as an exhibit to this Schedule 13D to evidence the agreement of the below-named
parties, in accordance with the rules promulgated pursuant to the Securities
Exchange Act of 1934, to file this Schedule jointly on behalf of each such
party.
Dated as of November 8, 2005
BLUM CAPITAL PARTNERS, L.P.
By: Richard C. Blum & Associates, Inc.
its General Partner
By: /s/ Gregory D. Hitchan
-----------------------------------------------
Name: Gregory D. Hitchan
Title: Counsel and Secretary
RICHARD C. BLUM & ASSOCIATES, INC.
By: /s/ Gregory D. Hitcha
-----------------------------------------------
Name: Gregory D. Hitchan
Title: Counsel and Secretary
BLUM STRATEGIC GP, L.L.C.
By: /s/ Gregory D. Hitchan
-----------------------------------------------
Name: Gregory D. Hitchan
Title: Member and General Counsel
BLUM STRATEGIC PARTNERS II, L.P.
By: Blum Strategic GP II, L.L.C.,
Its General Partner
By: /s/ Gregory D. Hitchan
-----------------------------------------------
Name: Gregory D. Hitchan
Title: Member and General Counsel
BLUM STRATEGIC GP II, L.L.C.
By: /s/ Gregory D. Hitchan
-----------------------------------------------
Name: Gregory D. Hitchan
Title: Member and General Counsel