SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
--------------------
SCHEDULE 13D
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(a)*
(Amendment No. 2)
EXIDE TECHNOLOGIES
(Name of Issuer)
Common Stock
(Title of Class of Securities)
302051206
(CUSIP Number)
Jeffrey L. Gendell
55 Railroad Avenue
Greenwich, Connecticut 06830
(Name, address and telephone number of person authorized to
receive notices and communications)
August 28, 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 purposes of Section 18 of the Securities Exchange Act of
1934 (the "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.)
(Continued on following pages)
CUSIP No. 302051206 13D Page 2 of 15
---------------------- -------------------------------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS. Tontine Capital Partners, L.P.
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSON (ENTITIES ONLY)
---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
---------------------- -------------------------------------------------------------------------------------------------------
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
---------------------- -------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER: 0
NUMBER OF
SHARES ------------------- ------------------------------------------------ ------------------------------
8 SHARED VOTING POWER: 8,002,971
BENEFICIALLY
OWNED BY ------------------- ------------------------------------------------ ------------------------------
9 SOLE DISPOSITIVE POWER: 0
EACH
REPORTING ------------------- ------------------------------------------------ ------------------------------
10 SHARED DISPOSITIVE POWER: 8,002,971
PERSON WITH
---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 8,002,971
---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[ ]
---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 13.1%
---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
---------------------- -------------------------------------------------------------------------------------------------------
CUSIP No. 302051206 13D Page 3 of 15
---------------------- -------------------------------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS. Tontine Capital Management, L.L.C.
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSON (ENTITIES ONLY)
---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
---------------------- -------------------------------------------------------------------------------------------------------
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
---------------------- -------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER: 0
NUMBER OF
SHARES ------------------- ------------------------------------------------ ------------------------------
8 SHARED VOTING POWER: 8,002,971
BENEFICIALLY
OWNED BY ------------------- ------------------------------------------------ ------------------------------
9 SOLE DISPOSITIVE POWER: 0
EACH
REPORTING ------------------- ------------------------------------------------ ------------------------------
10 SHARED DISPOSITIVE POWER: 8,002,971
PERSON WITH
---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 8,002,971
---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[ ]
---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 13.1%
---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
---------------------- -------------------------------------------------------------------------------------------------------
CUSIP No. 302051206 13D Page 4 of 15
---------------------- -------------------------------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS. Tontine Partners, L.P.
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSON (ENTITIES ONLY)
---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
---------------------- -------------------------------------------------------------------------------------------------------
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
---------------------- -------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER: 0
NUMBER OF
SHARES ------------------- ------------------------------------------------ ------------------------------
8 SHARED VOTING POWER: 5,798,717
BENEFICIALLY
OWNED BY ------------------- ------------------------------------------------ ------------------------------
9 SOLE DISPOSITIVE POWER: 0
EACH
REPORTING ------------------- ------------------------------------------------ ------------------------------
10 SHARED DISPOSITIVE POWER: 5,798,717
PERSON WITH
---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 5,798,717
---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[ ]
---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 9.5%
---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
---------------------- -------------------------------------------------------------------------------------------------------
CUSIP No. 302051206 13D Page 5 of 15
---------------------- -------------------------------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS. Tontine Management, L.L.C.
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSON (ENTITIES ONLY)
---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
---------------------- -------------------------------------------------------------------------------------------------------
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
---------------------- -------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER: 0
NUMBER OF
SHARES ------------------- ------------------------------------------------ ------------------------------
8 SHARED VOTING POWER: 5,798,717
BENEFICIALLY
OWNED BY ------------------- ------------------------------------------------ ------------------------------
9 SOLE DISPOSITIVE POWER: 0
EACH
REPORTING ------------------- ------------------------------------------------ ------------------------------
10 SHARED DISPOSITIVE POWER: 5,798,717
PERSON WITH
---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 5,798,717
---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[ ]
---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 9.5%
---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
---------------------- -------------------------------------------------------------------------------------------------------
CUSIP No. 302051206 13D Page 6 of 15
---------------------- -------------------------------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS. Tontine Overseas Associates, L.L.C.
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSON (ENTITIES ONLY)
---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
---------------------- -------------------------------------------------------------------------------------------------------
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
---------------------- -------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER: 0
NUMBER OF
SHARES ------------------- ------------------------------------------------ ------------------------------
8 SHARED VOTING POWER: 2,482,182
BENEFICIALLY
OWNED BY ------------------- ------------------------------------------------ ------------------------------
9 SOLE DISPOSITIVE POWER: 0
EACH
REPORTING ------------------- ------------------------------------------------ ------------------------------
10 SHARED DISPOSITIVE POWER: 2,482,182
PERSON WITH
---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 2,482,182
---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[ ]
---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 4.1%
---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IA, OO
---------------------- -------------------------------------------------------------------------------------------------------
CUSIP No. 302051206 13D Page 7 of 15
---------------------- -------------------------------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS. Tontine Capital Overseas GP, L.L.C.
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSON (ENTITIES ONLY)
---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
---------------------- -------------------------------------------------------------------------------------------------------
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
---------------------- -------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER: 0
NUMBER OF
SHARES ------------------- ------------------------------------------------ ------------------------------
8 SHARED VOTING POWER: 900,000
BENEFICIALLY
OWNED BY ------------------- ------------------------------------------------ ------------------------------
9 SOLE DISPOSITIVE POWER: 0
EACH
REPORTING ------------------- ------------------------------------------------ ------------------------------
10 SHARED DISPOSITIVE POWER: 900,000
PERSON WITH
---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 900,000
---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[ ]
---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 1.5%
---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
---------------------- -------------------------------------------------------------------------------------------------------
CUSIP No. 302051206 13D Page 8 of 15
---------------------- -------------------------------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS. Tontine Capital Overseas Master Fund, L.P.
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSON (ENTITIES ONLY)
---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
---------------------- -------------------------------------------------------------------------------------------------------
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
---------------------- -------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER: 0
NUMBER OF
SHARES ------------------- ------------------------------------------------ ------------------------------
8 SHARED VOTING POWER: 900,000
BENEFICIALLY
OWNED BY ------------------- ------------------------------------------------ ------------------------------
9 SOLE DISPOSITIVE POWER: 0
EACH
REPORTING ------------------- ------------------------------------------------ ------------------------------
10 SHARED DISPOSITIVE POWER: 900,000
PERSON WITH
---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 900,000
---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[ ]
---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 1.5%
---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IA, OO
---------------------- -------------------------------------------------------------------------------------------------------
CUSIP No. 302051206 13D Page 9 of 15
---------------------- -------------------------------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS. Jeffrey L. Gendell
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSON (ENTITIES ONLY)
---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
---------------------- -------------------------------------------------------------------------------------------------------
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: United States
---------------------- -------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER: 0
NUMBER OF
SHARES ------------------- ------------------------------------------------ ------------------------------
8 SHARED VOTING POWER: 17,183,870
BENEFICIALLY
OWNED BY ------------------- ------------------------------------------------ ------------------------------
9 SOLE DISPOSITIVE POWER: 0
EACH
REPORTING ------------------- ------------------------------------------------ ------------------------------
10 SHARED DISPOSITIVE POWER: 17,183,870
PERSON WITH
---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 17,183,870
---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[ ]
---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 28.0%
---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
---------------------- -------------------------------------------------------------------------------------------------------
CUSIP No. 302051206 13D Page 10 of 15
This Amendment No. 2 to Schedule 13D with respect to Exide Technologies is being
filed by Tontine Capital Partners, L.P., Tontine Capital Management, L.L.C.,
Tontine Partners, L.P., Tontine Management, L.L.C., Tontine Overseas Associates,
L.L.C., Tontine Capital Overseas GP, L.L.C., Tontine Capital Overseas Master
Fund, L.P., and Jeffrey L. Gendell (collectively, the "Reporting Persons") to
amend the Schedule 13D originally filed by certain of the Reporting Persons on
June 29, 2006, as amended (the "Schedule 13D"). Capitalized terms used but not
defined herein have the meanings assigned to such terms in the Schedule 13D.
ITEM 1. SECURITY AND ISSUER.
This statement relates to the common stock, par value of $.01 per share (the
"Common Stock"), of Exide Technologies (the "Company"). The principal executive
office of the Company is 13000 Deerfield Parkway, Building 200 Alpharetta,
Georgia 30004.
ITEM 2. IDENTITY AND BACKGROUND.
(a) This statement is filed by:
(i) Tontine Capital Partners, L.P., a Delaware limited partnership
("TCP"), with respect to the shares of Common Stock directly
owned by it;
(ii) Tontine Capital Management, L.L.C., a limited liability
company organized under the laws of the State of Delaware
("TCM"), with respect to the shares of Common Stock directly
owned by TCP;
(iii) Tontine Partners, L.P., a Delaware limited partnership ("TP"),
with respect to the shares of Common Stock directly owned by
it;
(iv) Tontine Management, L.L.C., a limited liability company
organized under the laws of the State of Delaware ("TM"), with
respect to the shares of Common Stock directly owned by TP;
(v) Tontine Overseas Associates, L.L.C., a limited liability
company organized under the laws of the State of Delaware
("TOA"), which serves as investment manager to Tontine
Overseas Fund, Ltd., a company organized under the laws of the
Cayman Islands ("TOF"), and certain separately managed
accounts, with respect to the shares of Common Stock owned by
TOF and the separately managed accounts;
(vi) Tontine Capital Overseas Master Fund, L.P., a Cayman Islands
limited partnership ("TMF"), with respect to the shares of
Common Stock directly owned by it;
(vii) Tontine Capital Overseas GP, L.L.C., a limited liability
company organized under the laws of the State of Delaware
("TCO"), with respect to the shares of Common Stock owned by
TMF; and
(viii) Jeffrey L. Gendell ("Mr. Gendell"), with respect to the shares
of Common Stock owned directly by TCP, TP, TOF, TMF and the
separately managed accounts.
CUSIP No. 302051206 13D Page 11 of 15
The foregoing persons are hereinafter sometimes collectively referred to as the
"Reporting Persons." Any disclosures herein with respect to persons other than
the Reporting Persons are made on information and belief after making inquiry to
the appropriate party.
(b) The address of the principal business and principal office of each
of Reporting Person is 55 Railroad Avenue, Greenwich, Connecticut 06830.
(c) The principal business of each of TCP, TP and TMF is serving as a
private investment limited partnership. The principal business of TCM is serving
as the general partner of TCP. The principal business of TM is serving as the
general partner of TP. The principal business of TCO is serving as the general
partner of TMF. The principal business of TOA is that of an investment advisor
engaging in the purchase and sale of securities on behalf of its clients. Mr.
Gendell serves as the managing member of TCM, TM, TOA and TCO.
(d) None of the Reporting Persons, has during the last five years been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) None of the Reporting Persons has, during the last five years, 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.
(f) TCP is a limited partnership organized under the laws of the State
of Delaware. TCM is a limited liability company organized under the laws of the
State of Delaware. TP is a limited partnership organized under the laws of the
State of Delaware. TM is a limited liability company organized under the laws of
the State of Delaware. TOA is a limited liability company organized under the
laws of the State of Delaware. TMF is a limited partnership organized under the
laws of the Cayman Islands. TCO is a limited liability company organized under
the laws of the State of Delaware. Mr. Gendell is a United States citizen.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The Reporting Persons have not acquired any additional shares of Common
Stock since their last reported acquisitions.
ITEM 4. PURPOSE OF TRANSACTION.
The Reporting Persons acquired the shares of Common Stock for
investment purposes. The Reporting Persons may acquire additional securities of
the Company or dispose of securities of the Company at any time and from time to
time in the open market or otherwise. One of the members of the board of
directors of the Company is an employee of Tontine Associates, LLC, an affiliate
of the Reporting Persons. Pursuant to the Standby Purchase Agreement (as defined
below), if the rights offering contemplated therein is consummated, the
Reporting Persons will acquire additional shares of Common Stock.
Although the foregoing represents the range of activities presently
contemplated by the Reporting Persons with respect to the Company, it should be
noted that the possible activities of the Reporting Persons are subject to
change at any time. Except as set forth above, none of the Reporting Persons has
CUSIP No. 302051206 13D Page 12 of 15
any present plans or proposals which relate to or would result in any of the
actions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) The responses of the Reporting Persons to Rows (11) through (13) of
the cover pages of this Schedule 13D are incorporated herein by reference. The
Reporting Persons beneficially own the number of shares of the Common Stock
listed below, representing approximately the percentage of the outstanding
shares of Common Stock set forth opposite such number. The percentages used
herein are calculated based upon 61,266,562 shares of Common Stock outstanding
as disclosed in the Company's Quarterly Report on Form 10-Q for the quarter
ended June 30, 2007.
------------------------------------------- ------------------------ ------------------------
Name Number of Shares Percent of Class
------------------------------------------- ------------------------ ------------------------
Tontine Capital Partners, L.P. 8,002,971 13.1%
------------------------------------------- ------------------------ ------------------------
Tontine Capital Management L.L.C. 8,002,971 13.1%
------------------------------------------- ------------------------ ------------------------
Tontine Partners, L.P. 5,798,717 9.5%
------------------------------------------- ------------------------ ------------------------
Tontine Management, L.L.C. 5,798,717 9.5%
------------------------------------------- ------------------------ ------------------------
Tontine Overseas Associates, L.L.C. 2,482,182 4.1%
------------------------------------------- ------------------------ ------------------------
Tontine Capital Overseas Master Fund, L.P. 900,000 1.5%
------------------------------------------- ------------------------ ------------------------
Tontine Capital Overseas GP, L.L.C. 900,000 1.5%
------------------------------------------- ------------------------ ------------------------
Jeffrey L. Gendell 17,183,870 28.0%
------------------------------------------- ------------------------ ------------------------
(b) The responses of the Reporting Persons to (i) Rows (7) through (10)
of the cover pages of this statement on Schedule 13D and (ii) Item 5(a) hereof
are incorporated herein by reference.
(c) Except for the transaction described in Item 4 hereof, none of the
Reporting Persons has effected any transactions in the Common Stock of the
Company during the past 60 days.
(d) TCM, the general partner of TCP, has the power to direct the
affairs of TCP, including decisions respecting the receipt of dividends from,
and the disposition of the proceeds from the sale of, the shares. TM, the
general partner of TP, has the power to direct the affairs of TP, including
decisions respecting the receipt of dividends from, and the disposition of the
proceeds from the sale of, the shares. TCO, the general partner of TMF, has the
power to direct the affairs of TMF, including decisions respecting the receipt
of dividends from, and the disposition of the proceeds from the sale of, the
shares. Mr. Gendell is the Managing Member of TCM, TM and TCO and in that
capacity directs each of their operations. Each of the clients of TOA has the
power to direct the receipt of dividends from or the proceeds of the sale of
such shares.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
As provided under the standby purchase agreement (the "Standby Purchase
Agreement") entered into by and among TCP, Legg Mason Investment Trust, Inc.
("Legg Mason" and together with certain affiliates of TCP, "Holders") and the
Company, dated as of August 28, 2007, the Holders will participate in a rights
offering whereby the Company's stockholders will receive rights to purchase
shares of Common Stock (the "Rights Offering"). To the extent that shares are
not purchased by the Company's stockholders under the Rights Offering (the
"Unsubscribed Shares"), the Holders agree to purchase from the Company any and
CUSIP No. 302051206 13D Page 13 of 15
all Unsubscribed Shares, in percentages as determined under the Standby Purchase
Agreement. Under the terms of the Standby Purchase Agreement, the Holders have
agreed to a maximum ownership limitation which restricts the Holders from owning
in the aggregate shares of Common Stock on the closing date of the transactions
contemplated by the Standby Purchase Agreement in an amount that exceeds 49.9%
(or 40% as to each Holder individually) of the total issued and outstanding
shares of Common Stock on such closing date. The shares of Common Stock to be
purchased by the Holders pursuant to the Standby Purchase Agreement shall
constitute "Registrable Securities" as that term is defined in the Registration
Rights Agreement, dated as of September 18, 2006, by and among the between the
Company, TCP, TP, TOA, TMF, Arklow Capital, LLC and Legg Mason. The foregoing
summary of the Standby Purchase Agreement does not purport to be complete and is
qualified in its entirety by reference to Exhibit 1, which is incorporated by
reference herein.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
1. Standby Purchase Agreement, dated August 28, 2007, by and among Tontine
Capital Partners, L.P., Legg Mason Investment Trust, Inc and Exide Technologies
(incorporated by reference to Exhibit 10.1 to the Company's Current Report on
Form 8-K dated August 28, 2007).
2. Registration Rights Agreement dated September 18, 2006, between Exide
Technologies, Tontine Capital Partners, L.P., Tontine Partners, L.P., Tontine
Overseas Associates, L.L.C., Tontine Capital Overseas Master Fund, L.P., Arklow
Capital, LLC and Legg Mason Investment Trust, Inc. (incorporated by reference to
Exhibit 10.1 to the Company's Report on Form 8-K dated September 19, 2006).
CUSIP No. 302051206 13D Page 14 of 15
SIGNATURES
After due inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
DATED: August 30, 2007
/s/ Jeffrey L. Gendell
---------------------------------------------------------------
Jeffrey L. Gendell, individually, and as
managing member of Tontine Capital Management, L.L.C.,
general partner of Tontine Capital Partners, L.P.,
and as managing member of Tontine Management, L.L.C.,
general partner of Tontine Partners, L.P.,
and as managing member of Tontine Overseas Associates, L.L.C.,
and as managing member of Tontine Capital Overseas GP, L.L.C.,
general partner of Tontine Capital Overseas Master Fund, L.P
CUSIP No. 302051206 13D Page 15 of 15
EXHIBIT INDEX
Exhibit Number Description
-------------- --------------------------------------------------------------
Exhibit 1 Standby Purchase Agreement, dated August 28, 2007, by and
among Tontine Capital Partners, L.P., Legg Mason Investment
Trust, Inc and Exide Technologies (incorporated by reference
to Exhibit 10.1 to the Company's Current Report on Form 8-K
dated August 28, 2007).
Exhibit 2 Registration Rights Agreement dated September 18, 2006,
between Exide Technologies, Tontine Capital Partners, L.P.,
Tontine Partners, L.P., Tontine Overseas Associates, L.L.C.,
Tontine Capital Overseas Master Fund, L.P., Arklow Capital,
LLC and Legg Mason Investment Trust, Inc. (incorporated by
reference to Exhibit 10.1 to the Company's Report on Form 8-K
dated September 19, 2006).