Seller(s) could be any of these 5%+ owner(s) {as of May 27, 2008}...looks like 46 million shares between the 5% owners. Subtract the officers and directors {2.9M} leaves around 53M in the "float"...seller(s) could also, of course, be anyone with less than 5% {5M shares}. Looking at filings to see if I can find anything that may jump out. Most important is renegotiation of covenants in their contracts with creditor(s), imo.
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL
OWNERS AND MANAGEMENT
Based on the most recent information made available to us, the following table sets forth certain information regarding the ownership of our common stock as of May 27, 2008 by: (a) each director and nominee for director named in “Proposal No. 1 — Election of Directors”; (b) each of the individuals named in the Summary Compensation Table (the “Named Executive Officers”); (c) all of our executive officers and directors as a group; and (d) each person, or group of affiliated persons, known to us to be beneficial owners of 5% or more of our common stock as of such date. A person generally “beneficially owns” shares if he has either the right to vote those shares or dispose of them. More than one person may be considered to beneficially own the same shares. In the table below, unless otherwise noted, and subject to community property laws where applicable, a person has sole voting and dispositive power for those shares shown as beneficially owned by such person.
Amount and Nature of
Name and Address of Beneficial Owner(1) Beneficial Ownership(2) Percent of Class
5% Stockholders:
Nikos Hecht(3) 7,803,318 7.7 %
Rutabaga Capital Management LLC(4) 7,418,357 7.3
Douglas M. Troob and Peter J. Troob(5) 7,053,360 7.0
Sopris Capital Advisors, LLC(3) 6,488,298 6.4
Dimensional Fund Advisors LP(6) 6,004,333 5.9
Silver Point Capital L.P.(7) 5,949,000 5.9
Deutsche Bank A.G.(8) 5,612,490 5.6
Named Executive Officers and Directors:
Curtis J. Clawson 1,699,408 1.7
James A. Yost 313,792 *
Fred Bentley 241,442 *
Patrick C. Cauley 176,295 *
John A. Salvette 172,896 *
Daniel M. Sandberg 149,939 *
William H. Cunningham 132,504 *
Cynthia L. Feldmann 49,184 *
George T. Haymaker, Jr. 105,276 *
Mohsen Sohi 107,157 *
Henry D. G. Wallace 101,048 *
Richard F. Wallman 81,904 *
All current directors and executive officers as a group (10 persons)(9) 2,867,112 2.8
AI
