UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Global Power Equipment Group
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(Name of Issuer)
COMMON STOCK
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(Title of Class Securities)
37941p108
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(CUSIP Number)
October 4, 2002
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| Rule 13d-1(d)
*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 the
disclosure provided in a prior cover page.
The information required in 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).
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CUSIP No. 37941p108
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Name of Reporting Persons.
1 I.R.S. Identification Nos. of above persons (entities only).
Cannell Capital LLC
94-3366999
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Check the Appropriate Box if a Member of a Group (See Instructions)
2
(a) |X|
(b)
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SEC Use Only
3
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Citizenship or Place of Organization
4
California
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5 Sole Voting Power
number of
shares
beneficially
owned by
each
reporting
person with
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6 Shared Voting Power
3,199,000
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7 Sole Dispositive Power
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8 Shared Dispositive Power
3,199,000
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
3,199,000
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10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
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11 Percent of Class Represented by Amount in Row (9)
7.3%
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12 Type of Reporting Person (See Instructions)
IA
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CUSIP No. 37941p108
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Name of Reporting Persons.
1 I.R.S. Identification Nos. of above persons (entities only).
J. Carlo Cannell
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Check the Appropriate Box if a Member of a Group (See Instructions)
2
(a) |X|
(b)
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SEC Use Only
3
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Citizenship or Place of Organization
4
USA
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5 Sole Voting Power
number of
shares
beneficially
owned by
each
reporting
person with
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6 Shared Voting Power
3,199,000
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7 Sole Dispositive Power
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8 Shared Dispositive Power
3,199,000
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
3,199,000
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10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
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11 Percent of Class Represented by Amount in Row (9)
7.3%
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12 Type of Reporting Person (See Instructions)
IN, HC
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CUSIP No. 37941p108
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Name of Reporting Persons.
1 I.R.S. Identification Nos. of above persons (entities only).
The Anegada Fund Limited
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Check the Appropriate Box if a Member of a Group (See Instructions)
2
(a)
(b)
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SEC Use Only
3
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Citizenship or Place of Organization
4
Cayman Islands
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5 Sole Voting Power
number of
shares
beneficially
owned by
each
reporting
person with
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6 Shared Voting Power
780,700
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7 Sole Dispositive Power
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8 Shared Dispositive Power
780,700
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
780,700
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10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
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11 Percent of Class Represented by Amount in Row (9)
1.8%
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12 Type of Reporting Person (See Instructions)
CO
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CUSIP No. 37941p108
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Name of Reporting Persons.
1 I.R.S. Identification Nos. of above persons (entities only).
GS Cannell Portfolio, LLC
98-0232642
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Check the Appropriate Box if a Member of a Group (See Instructions)
2
(a)
(b)
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SEC Use Only
3
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Citizenship or Place of Organization
4
Delaware
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5 Sole Voting Power
number of
shares
beneficially
owned by
each
reporting
person with
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6 Shared Voting Power
412,600
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7 Sole Dispositive Power
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8 Shared Dispositive Power
412,600
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
412,600
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10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
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11 Percent of Class Represented by Amount in Row (9)
0.9%
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12 Type of Reporting Person (See Instructions)
OO
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CUSIP No. 37941p108
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Name of Reporting Persons.
1 I.R.S. Identification Nos. of above persons (entities only).
The Cuttyhunk Fund Limited
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Check the Appropriate Box if a Member of a Group (See Instructions)
2
(a) |X|
(b)
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SEC Use Only
3
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Citizenship or Place of Organization
4
Bermuda
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5 Sole Voting Power
number of
shares
beneficially
owned by
each
reporting
person with
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6 Shared Voting Power
2,005,700
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7 Sole Dispositive Power
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8 Shared Dispositive Power
2,005,700
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
2,005,700
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10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
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11 Percent of Class Represented by Amount in Row (9)
4.6%
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12 Type of Reporting Person (See Instructions)
CO
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Item 1.
(a) Name of Issuer
Global Power Equipment Group
(b) Address of Issuer's Principal Executive Offices
6120 South Yale, Suite 1480
Tulsa, OK 74136
Item 2.
(a) Name of Person Filing
This statement is being filed by (i) Cannell Capital, LLC, a California
limited liability company and registered investment adviser ("IA"), (ii)
J. Carlo Cannell ("Managing Member"), (iii) The Anegada Fund Limited
("Anegada"), (iv) GS Cannell,LLC ("GS Cannell"), (v) The Cuttyhunk
Fund Limited ("Cuttyhunk"), Managing Member controls IA by virtue of
Managing Member's position as managing member and majority owner of IA.
IA's beneficial ownership of the Common Stock is direct as a result of
IA's discretionary authority to buy, sell, and vote shares of such
Common Stock for its investment advisory clients. Managing Member's
beneficial ownership of Common Stock is indirect as a result of Managing
Member's ownership and management of IA. The beneficial ownership of
Managing Member is reported solely because Rules 13d-1(a) and (b) under
the Securities Exchange Act of 1934, as amended, require any person who
is "directly or indirectly" the beneficial owner of more than five
percent of any equity security of a specified class to file a Schedule
13G. The answers in blocks 6, 8, 9 and 11 above and the response to item
4 by Managing Member are given on the basis of the "indirect" beneficial
ownership referred to in such Rule, based on the direct beneficial
ownership of Common Stock by IA and the relationship of Managing Member
to IA referred to above.
Information with respect to each Reporting Person is given solely by the
respective Reporting Person, and no Reporting Person undertakes hereby
any responsibility for the accuracy or completeness or such information
concerning any other Reporting Person.
(b) Address of Principal Business office or, if None, Residence
IA's principal business office is located at:
150 California Street, Fifth Floor, San Francisco, CA 94111
Managing Member's principal business office is located at:
150 California Street, Fifth Floor, San Francisco, CA 94111
Anegada's principal business office is located at:
c/o Bank of Butterfield International (Cayman) Ltd., 68 Fort
Street, PO Box 705, George Town, Grand Cayman, Cayman Islands
GS Cannell's principal business office is located at:
701 Mount Lucas Road, CN 850, Princeton, NJ 08542
Cuttyhunk's principal business office is located at:
73 Front Street, Hamilton, Bermuda HM 12
(c) Citizenship
Item 4 of each cover page is incorporated by reference
(d) Title of Class Securities
Common
(e) CUSIP Number
37941p108
Item 3. If this statement is filed pursuant to ss. 240.13d-1(b), or
240.13d-2(b) or (c), check whether the person filing is a:
(a) Broker or dealer registered under section 15 of the Act (15
U.S.C. 78o).
(b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c).
(d) Investment company registered under section 8 of the
Investment Company Act (15 U.S.C. 80a-8).
(e) An investment adviser in accordance with
ss. 240.13d-1(b)(1)(ii)(E).
(f) An employee benefit plan or endowment fund in accordance with
ss. 240.13d-1(b)(ii)(F).
(g) A parent holding company or control person in accordance with
ss. 240.13d-1(b)(1)(ii)(G).
(h) A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813).
(i) A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3).
(j) Group in accordance with ss. 240.13d-1(b)(ii)(J).
Item 4. Ownership
Common Stock:
Items 5-9 and 11 of each cover sheet are incorporated by reference
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of
more than five percent of the class securities, check the following [ ]
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
IA, a registered investment adviser, and Managing Member, the majority
owner and managing member of IA, have the right or the power to direct
the receipt of dividends from Common Stock, and to direct the receipt of
proceeds from the sale of Common Stock to IA's investment advisory
clients. No single investment advisory client of IA owns more than 5% of
the Common Stock.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company.
Not Applicable
Item 8. Identification and Classification of Members of the Group.
See Exhibit A
Item 9. Notice of Dissolution of Group.
Not Applicable.
Item 10. Certification:
(a) The following certification shall be included if the statement is
filed pursuant to ss. 240.13d-1(b):
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held
in the ordinary course of business and were not acquired and are not
held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were not
acquired and are not held in connection with or as a participant in
any transaction having that purpose or effect.
SIGNATURE
Date: October 15, 2002
CANNELL CAPITAL LLC
/s/ J. Carlo Cannell
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J. Carlo Cannell, Managing Member
J. CARLO CANNELL
/s/ J. Carlo Cannell
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J. Carlo Cannell
THE ANEGADA FUND LIMITED
/s/ J. Carlo Cannell
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J. Carlo Cannell, Managing Member
Cannell Capital LLC, Investment Adviser
GS CANNELL, LLC
/s/ J. Carlo Cannell
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J. Carlo Cannell, Managing Member
Cannell Capital LLC, Investment Adviser
THE CUTTYHUNK FUND LIMITED
/s/ J. Carlo Cannell
__________________________________________
J. Carlo Cannell, Managing Member
Cannell Capital LLC, Investment Adviser
EXHIBIT A
Identification and Classification of Members of the Group
Pursuant to Rule 13d-1(b)(ii)(J) and Rule 13d-1(k)(1) under the Securities and
Exchange Act of 1934, the members of the group making this joint filing are
identified and classified as follows:
Name Classification
Cannell Capital LLC California limited liability
company, Investment Adviser
J. Carlo Cannell Individual, control person of
Cannell Capital LLC
The Anegada Fund Limited A Cayman Islands company
GS Cannell, LLC A Delaware limited liability
company
The Cuttyhunk Fund Limited A Bermuda company