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. 3)
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)
October 5, 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 16
---------------------- -------------------------------------------------------------------------------------------------------
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
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
------------------- -------------------------------------------------------------------------------
8 SHARED VOTING POWER: 9,831,729
------------------- -------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER: 0
------------------- -------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 9,831,729
---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 9,831,729
---------------------- -------------------------------------------------------------------------------------------------------
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 16
---------------------- -------------------------------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS. Tontine 25 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
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
------------------- -------------------------------------------------------------------------------
8 SHARED VOTING POWER: 979,840
------------------- -------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER: 0
------------------- -------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 979,840
---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 979,840
---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ]
---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 1.3%
---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
---------------------- -------------------------------------------------------------------------------------------------------
CUSIP No. 302051206 13D Page 4 of 16
---------------------- -------------------------------------------------------------------------------------------------------
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
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
------------------- -------------------------------------------------------------------------------
8 SHARED VOTING POWER: 10,811,569
------------------- -------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER: 0
------------------- -------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 10,811,569
---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 10,811,569
---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ]
---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 14.4%
---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
---------------------- -------------------------------------------------------------------------------------------------------
CUSIP No. 302051206 13D Page 5 of 16
---------------------- -------------------------------------------------------------------------------------------------------
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
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
------------------- ------------------------------------------------ ------------------------------
8 SHARED VOTING POWER: 7,123,781
------------------- ------------------------------------------------ ------------------------------
9 SOLE DISPOSITIVE POWER: 0
------------------- ------------------------------------------------ ------------------------------
10 SHARED DISPOSITIVE POWER: 7,123,781
---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 7,123,781
---------------------- -------------------------------------------------------------------------------------------------------
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 6 of 16
---------------------- -------------------------------------------------------------------------------------------------------
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
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
------------------- -------------------------------------------------------------------------------
8 SHARED VOTING POWER: 7,123,781
------------------- -------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER: 0
------------------- -------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 7,123,781
---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 7,123,781
---------------------- -------------------------------------------------------------------------------------------------------
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 7 of 16
---------------------- -------------------------------------------------------------------------------------------------------
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
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
------------------- -------------------------------------------------------------------------------
8 SHARED VOTING POWER: 3,049,383
------------------- -------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER: 0
------------------- -------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 3,049,383
---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 3,049,383
---------------------- -------------------------------------------------------------------------------------------------------
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 8 of 16
---------------------- -------------------------------------------------------------------------------------------------------
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
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
------------------- -------------------------------------------------------------------------------
8 SHARED VOTING POWER: 2,085,500
------------------- -------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER: 0
------------------- -------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 2,085,500
---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 2,085,500
---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ]
---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 2.8%
---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
---------------------- -------------------------------------------------------------------------------------------------------
CUSIP No. 302051206 13D Page 9 of 16
---------------------- -------------------------------------------------------------------------------------------------------
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
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
------------------- -------------------------------------------------------------------------------
8 SHARED VOTING POWER: 2,085,500
------------------- -------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER: 0
------------------- -------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 2,085,500
---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 2,085,500
---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ]
---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 2.8%
---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IA, OO
---------------------- -------------------------------------------------------------------------------------------------------
CUSIP No. 302051206 13D Page 10 of 16
---------------------- -------------------------------------------------------------------------------------------------------
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
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
------------------- -------------------------------------------------------------------------------
8 SHARED VOTING POWER: 23,070,233
------------------- -------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER: 0
------------------- -------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 23,070,233
---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 23,070,233
---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ]
---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 30.7%
---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
---------------------- -------------------------------------------------------------------------------------------------------
CUSIP No. 302051206 13D Page 11 of 16
This Amendment No. 3 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., Tontine 25 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 25 Overseas Master Fund, L.P., a Cayman Islands
limited partnership ("T25"), with respect to the shares of
Common Stock directly owned by it;
(iii) 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 and T25;
(iv) Tontine Partners, L.P., a Delaware limited partnership ("TP"),
with respect to the shares of Common Stock directly owned by
it;
(v) 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;
(vi) 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 directly
owned by TOF and the separately managed accounts;
(vii) 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;
(viii) 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 directly
owned by TMF; and
CUSIP No. 302051206 13D Page 12 of 16
(iv) Jeffrey L. Gendell ("Mr. Gendell"), with respect to the shares
of Common Stock owned directly by TCP, TP, TOF, TMF, T25 and
the separately managed accounts.
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, TMF and T25 is serving
as a private investment limited partnership. The principal business of TCM is
serving as the general partner of TCP and T25. 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. T25 is a limited partnership organized under
the laws of the Cayman Islands. 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.
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
CUSIP No. 302051206 13D Page 13 of 16
change at any time. Except as set forth above, none of the Reporting Persons has
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 75,266,314 shares of Common Stock outstanding
as disclosed in the Company's Prospectus Supplement, dated August 31, 2007, to
the Prospectus dated April 13, 2007 (including the issuance of 14,000,000 shares
of Common Stock in connection with the consummation of the Company's rights
offering on October 5, 2007).
--------------------------------------------- ----------------------- ------------------------
Name Number of Shares Percent of Class
--------------------------------------------- ----------------------- ------------------------
Tontine Capital Partners, L.P. 9,831,729 13.1%
--------------------------------------------- ----------------------- ------------------------
Tontine Capital Management, L.L.C. 10,811,569 14.4%
--------------------------------------------- ----------------------- ------------------------
Tontine Partners, L.P. 7,123,781 9.5%
--------------------------------------------- ----------------------- ------------------------
Tontine Management, L.L.C. 7,123,781 9.5%
--------------------------------------------- ----------------------- ------------------------
Tontine Overseas Associates, L.L.C. 3,049,383 4.1%
--------------------------------------------- ----------------------- ------------------------
Tontine Capital Overseas Master Fund, L.P. 2,085,500 2.8%
--------------------------------------------- ----------------------- ------------------------
Tontine Capital Overseas GP, L.L.C. 2,085,500 2.8%
--------------------------------------------- ----------------------- ------------------------
Tontine 25 Overseas Master Fund, L.P. 979,840 1.3%
--------------------------------------------- ----------------------- ------------------------
Jeffrey L. Gendell 23,070,233 30.7%
--------------------------------------------- ----------------------- ------------------------
(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 and T25, has the power to direct
the affairs of TCP and T25, 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, TOA
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
CUSIP No. 302051206 13D Page 14 of 16
Company, dated as of August 28, 2007, the Holders have acquired shares of Common
Stock simultaneously with the consummation by the Company of a rights offering
whereby the Company's stockholders received rights to purchase shares of Common
Stock (the "Rights Offering"). To the extent that shares were not purchased by
the Company's stockholders under the Rights Offering (the "Unsubscribed
Shares"), the Holders purchased from the Company any and all Unsubscribed
Shares, in percentages as determined under the Standby Purchase Agreement. The
shares of Common Stock purchased by the Holders pursuant to the Standby Purchase
Agreement 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).
3. Joint Filing Agreement, dated as of October 9, 2007, by and among 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., Tontine
25 Overseas Master Fund, L.P. and Jeffrey L. Gendell.
CUSIP No. 302051206 13D Page 15 of 16
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: October 9, 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
Tontine 25 Overseas Master Fund, 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 16 of 16
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).
Exhibit 3 Joint Filing Agreement, dated as of October 9, 2007, by
and among 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., Tontine 25 Overseas Master
Fund, L.P. and Jeffrey L. Gendell.