|
1)
|
NAME OF REPORTING PERSON
|
|||
|
Quaker Capital Management Corporation
|
||||
|
2)
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
|||
|
(a) [ ]
|
||||
|
(b) [ ]
|
||||
|
3)
|
SEC USE ONLY
|
|||
|
4)
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
Commonwealth of
Pennsylvania
|
|
|
NUMBER OF SHARES BENEFICIALLY OWNED BY
EACH REPORTING PERSON WITH:
|
||||
|
5)
|
SOLE VOTING POWER
|
1,494,115
|
||
|
6)
|
SHARED VOTING POWER
|
0
|
||
|
7)
|
SOLE DISPOSITIVE POWER
|
1,494,115
|
||
|
8)
|
SHARED DISPOSITIVE POWER
|
0
|
||
|
9)
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|||
|
1,494,115
|
||||
|
10)
|
CHECK IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES
|
[ ]
|
||
|
11)
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
13.4%
|
||
|
|
|
|||
|
12)
|
TYPE OF REPORTING PERSON
|
IA
|
||
|
1)
|
NAME OF REPORTING PERSON
|
|||
|
Quaker Capital Partners I, L.P.
|
||||
|
2)
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
|||
|
(a) [ ]
|
||||
| (b) [ ] | ||||
|
3)
|
SEC USE ONLY
|
|||
|
4)
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
Delaware
|
||
|
|
||||
|
NUMBER OF SHARES BENEFICIALLY OWNED BY
|
||||
|
EACH REPORTING PERSON WITH:
|
||||
|
5)
|
SOLE VOTING POWER
|
980,700
|
||
|
6)
|
SHARED VOTING POWER
|
0
|
||
|
7)
|
SOLE DISPOSITIVE POWER
|
980,700
|
||
|
8)
|
SHARED DISPOSITIVE POWER
|
0
|
||
|
9)
|
AGGREGATE AMOUNT BENEFICIALLY OWNED
|
|||
|
BY EACH REPORTING PERSON
|
980,700
|
|||
|
|
||||
|
10)
|
CHECK IF THE AGGREGATE AMOUNT
|
|||
|
IN ROW (9) EXCLUDES CERTAIN SHARES
|
[ X ]
|
|||
|
Excludes 513,415 shares of the Issuer’s Common Stock owned of record by Quaker Capital Partners II, L.P.
|
||||
|
11)
|
PERCENT OF CLASS REPRESENTED BY
|
|||
|
AMOUNT IN ROW (9)
|
8.8%
|
|||
|
|
||||
|
12)
|
TYPE OF REPORTING PERSON
|
PN
|
||
|
1)
|
NAME OF REPORTING PERSON
|
|||
|
Quaker Premier, L.P.
|
||||
|
2)
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
|||
|
(a) [ ]
|
||||
|
(b) [ ]
|
||||
|
3)
|
SEC USE ONLY
|
|||
|
4)
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
Delaware
|
||
|
NUMBER OF SHARES BENEFICIALLY OWNED BY
|
||||
|
EACH REPORTING PERSON WITH:
|
||||
|
5)
|
SOLE VOTING POWER
|
980,700
|
||
|
6)
|
SHARED VOTING POWER
|
0
|
||
|
7)
|
SOLE DISPOSITIVE POWER
|
980,700
|
||
|
8)
|
SHARED DISPOSITIVE POWER
|
0
|
||
|
9)
|
AGGREGATE AMOUNT BENEFICIALLY OWNED
|
|||
|
BY EACH REPORTING PERSON
|
980,700
|
|||
|
10)
|
CHECK IF THE AGGREGATE AMOUNT
|
|||
|
IN ROW (9) EXCLUDES CERTAIN SHARES
|
[ X ]
|
|||
|
Excludes 513,415 shares of the Issuer’s Common Stock owned of record by Quaker Capital Partners II, L.P.
|
||||
|
11)
|
PERCENT OF CLASS REPRESENTED BY
|
|||
|
AMOUNT IN ROW (9)
|
8.8%
|
|||
|
12)
|
TYPE OF REPORTING PERSON
|
PN
|
||
|
1)
|
NAME OF REPORTING PERSON
|
|||
|
Quaker Capital Partners II, L.P.
|
||||
|
2)
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
|||
|
|
(a) [ ] | |||
|
|
(b) [ ]
|
|||
|
3)
|
SEC USE ONLY
|
|||
|
4)
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
Delaware
|
||
|
NUMBER OF SHARES BENEFICIALLY OWNED BY
|
||||
|
EACH REPORTING PERSON WITH:
|
||||
|
5)
|
SOLE VOTING POWER
|
|
513,415
|
|
|
6)
|
SHARED VOTING POWER
|
|
0
|
|
|
7)
|
SOLE DISPOSITIVE POWER
|
513,415
|
||
|
8)
|
SHARED DISPOSITIVE POWER
|
0
|
||
|
9)
|
AGGREGATE AMOUNT BENEFICIALLY OWNED
|
|||
|
BY EACH REPORTING PERSON
|
513,415
|
|||
|
10)
|
CHECK IF THE AGGREGATE AMOUNT
|
|||
|
IN ROW (9) EXCLUDES CERTAIN SHARES
|
[ X ]
|
|
||
|
Excludes 980,700 shares of the Issuer’s Common Stock owned of record by Quaker Capital Partners I, L.P.
|
||||
|
11)
|
PERCENT OF CLASS REPRESENTED BY
|
|||
|
AMOUNT IN ROW (9)
|
4.6%
|
|||
|
12)
|
TYPE OF REPORTING PERSON
|
PN
|
||
|
1)
|
NAME OF REPORTING PERSON
|
|||
|
Quaker Premier II, L.P.
|
||||
|
2)
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
|||
|
(a) [ ]
|
||||
|
(b) [ ]
|
||||
|
3)
|
SEC USE ONLY
|
|||
|
4)
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
Delaware
|
||
|
NUMBER OF SHARES BENEFICIALLY OWNED BY
|
||||
|
EACH REPORTING PERSON WITH:
|
||||
|
5)
|
SOLE VOTING POWER
|
513,415
|
||
|
6)
|
SHARED VOTING POWER
|
0
|
||
|
7)
|
SOLE DISPOSITIVE POWER
|
513,415
|
||
|
8)
|
SHARED DISPOSITIVE POWER
|
0
|
||
|
9)
|
AGGREGATE AMOUNT BENEFICIALLY OWNED
|
|||
|
BY EACH REPORTING PERSON
|
513,415
|
|||
|
10)
|
CHECK IF THE AGGREGATE AMOUNT
|
|||
|
IN ROW (9) EXCLUDES CERTAIN SHARES
|
[ X ]
|
|
||
| Excludes 980,700 shares of the Issuer’s Common Stock owned of record by Quaker Capital Partners I, L.P. | ||||
|
11)
|
PERCENT OF CLASS REPRESENTED BY
|
|||
|
AMOUNT IN ROW (9)
|
4.6%
|
|||
|
12)
|
TYPE OF REPORTING PERSON
|
PN
|
||
|
1)
|
NAME OF REPORTING PERSON
|
|||
|
Mark G. Schoeppner
|
||||
|
2)
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
|||
|
(a) [ ]
|
||||
|
(b) [ ]
|
||||
|
3)
|
SEC USE ONLY
|
|||
|
4)
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
United States
of America
|
||
|
NUMBER OF SHARES BENEFICIALLY OWNED BY
|
||||
|
EACH REPORTING PERSON WITH:
|
||||
|
5)
|
SOLE VOTING POWER
|
0
|
||
|
6)
|
SHARED VOTING POWER
|
0
|
||
|
7)
|
SOLE DISPOSITIVE POWER
|
0
|
||
|
8)
|
SHARED DISPOSITIVE POWER
|
0
|
||
|
9)
|
AGGREGATE AMOUNT BENEFICIALLY OWNED
|
|||
|
BY EACH REPORTING PERSON
|
0
|
|||
|
10)
|
CHECK BOX IF THE AGGREGATE AMOUNT
|
|||
|
IN ROW (9) EXCLUDES CERTAIN SHARES
|
[ X ]
|
|||
|
Mark G. Schoeppner disclaims beneficial ownership of 1,494,115 shares of the Issuer’s Common Stock that may be deemed to be beneficially owned by Quaker Capital Partners I, L.P. and Quaker Capital Partners II, L.P.
|
||||
|
11)
|
PERCENT OF CLASS REPRESENTED BY
|
|||
|
AMOUNT IN ROW (9)
|
0%
|
|||
|
14)
|
TYPE OF REPORTING PERSON
|
IN
|
||
|
Item 1.
|
|||
|
(a)
|
Name of Issuer
|
||
|
PERFORMANCE TECHNOLOGIES, INCORPORATED
|
|||
|
(b)
|
Address of Issuer’s Principal Executive Offices
|
||
|
205 Indigo Creek Drive, Rochester, New York 14626
|
|||
|
Item 2.
|
|||
|
(a)
|
Names of Persons Filing
|
||
|
Quaker Capital Management Corporation
|
|||
|
Quaker Capital Partners I, L.P.
|
|||
|
Quaker Capital Partners II, L.P.
|
|||
|
Quaker Premier, L.P.
|
|||
|
Quaker Premier II, L.P.
|
|||
|
Mark G. Schoeppner
|
|||
|
(b)
|
Address of Principal Business Office or, if none, Residence
|
||
|
601 Technology Drive, Suite 310, Canonsburg, PA 15317
|
|||
|
(c)
|
Citizenship
|
||
|
Quaker Capital Management Corporation - Pennsylvania corporation
|
|||
|
Quaker Capital Partners I, L.P. – Delaware partnership
|
|||
|
Quaker Capital Partners II, L.P.– Delaware partnership
|
|||
|
Quaker Premier, L.P. – Delaware partnership
|
|||
|
Quaker Premier II, L.P. – Delaware partnership
|
|||
|
Mark G. Schoeppner – United States citizen
|
|||
|
(d)
|
Title of Class of Securities
|
||
|
Common Stock
|
|||
|
(e)
|
CUSIP Number
|
||
|
71376K102
|
|||
|
Item 3.
|
If this statement is filed pursuant to §§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;
|
|
|
|
|||
|
(b)
|
/ /
|
Bank as defined in section 3(a)(6) of the Act;
|
|
|
(c)
|
/ /
|
Insurance company as defined in section 3(a)(19) of the Act;
|
|
|
|
|||
|
(d)
|
/ /
|
Investment company registered under section 8 of the Investment Company Act of 1940;
|
|
|
(e)
|
/ X /
|
An investment adviser in accordance with §240.13d-1(b)(l)(ii)(E);
|
|
|
(f)
|
/ /
|
An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
|
|
|
(g)
|
/ /
|
A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
|
|
|
(h)
|
/ /
|
A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;
|
|
|
(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;
|
|
|
(j)
|
/ /
|
A non-U.S. institution in accordance with §240.13d-1(b)(l)(ii)(J);
|
|
|
(k)
|
/ /
|
Group, in accordance with §240.13d-1(b)(l)(ii)(K).
|
|
| Item 4. |
Ownership
|
||
|
Quaker Capital Management Corporation:
|
|||
|
(a)
|
Amount Beneficially Owned: 1,494,115
|
||
|
The filing of this report shall not be construed as an admission that Quaker Capital Management Corporation is, for purposes of Section 13(d) or 13(g) of the Act or for any other purposes, the beneficial owner of these securities. Quaker Capital Management Corporation disclaims beneficial ownership of all 1,494,115 shares covered by this Schedule 13G/A.
|
|||
|
(b)
|
Percent of Class: 13.4%
|
||
|
(c)
|
Number of shares as to which such person has:
|
||
|
(i)
|
Sole power to vote or to direct the vote: 1,494,115
|
||
|
(ii)
|
Shared power to vote or to direct the vote: 0
|
||
|
(iii)
|
Sole power to dispose or to direct the disposition of: 1,494,115
|
||
|
(iv)
|
Shared power to dispose or to direct the disposition of: 0
|
||
|
Quaker Capital Partners I, L.P.:
|
|||
|
(a)
|
Amount Beneficially Owned: 980,700
|
||
|
The filing of this report shall not be construed as an admission that Quaker Capital Partners I, L.P. is, for purposes of Section 13(d) or 13(g) of the Act or for any other purposes, the beneficial owner of these securities. Quaker Capital Partners I, L.P. disclaims beneficial ownership of 513,415 shares covered by this Schedule 13G/A.
|
|||
|
(b)
|
Percent of Class: 8.8%
|
||
|
(c)
|
Number of shares as to which such person has:
|
||
|
(i)
|
Sole power to vote or to direct the vote: 980,700
|
||
|
(ii)
|
Shared power to vote or to direct the vote: 0
|
||
|
(iii)
|
Sole power to dispose or to direct the disposition of: 980,700
|
||
|
(iv)
|
Shared power to dispose or to direct the disposition of: 0
|
||
| Quaker Premier, L.P.: | |||
|
(a)
|
Amount Beneficially Owned: 980,700
|
||
|
The filing of this report shall not be construed as an admission that Quaker Premier, L.P. is, for purposes of Section 13(d) or 13(g) of the Act or for any other purposes, the beneficial owner of these securities. Quaker Premier, L.P. disclaims beneficial ownership of 513,415 shares covered by this Schedule 13G/A.
|
|||
|
(b)
|
Percent of Class: 8.8%
|
||
|
(c)
|
Number of shares as to which such person has:
|
||
|
(i)
|
Sole power to vote or to direct the vote: 980,700
|
||
|
(ii)
|
Shared power to vote or to direct the vote: 0
|
||
|
(iii)
|
Sole power to dispose or to direct the disposition of: 980,700
|
||
|
(iv)
|
Shared power to dispose or to direct the disposition of: 0
|
||
| Quaker Capital Partners II, L.P.: | |||
|
(a)
|
Amount Beneficially Owned: 513,415
|
||
|
The filing of this report shall not be construed as an admission that Quaker Capital Partners II, L.P. is, for purposes of Section 13(d) or 13(g) of the Act or for any other purposes, the beneficial owner of these securities. Quaker Capital Partners II, L.P. disclaims beneficial ownership of 980,700 shares covered by this Schedule 13G/A.
|
|||
|
(b)
|
Percent of Class: 4.6%
|
||
|
(c)
|
Number of shares as to which such person has:
|
||
|
(i)
|
Sole power to vote or to direct the vote: 513,415
|
||
|
(ii)
|
Shared power to vote or to direct the vote: 0
|
||
|
(iii)
|
Sole power to dispose or to direct the disposition of: 513,415
|
||
|
(iv)
|
Shared power to dispose or to direct the disposition of: 0
|
||
| Quaker Premier II, L.P.: | |||
|
(a)
|
Amount Beneficially Owned: 513,415
|
||
|
The filing of this report shall not be construed as an admission that Quaker Premier II, L.P. is, for purposes of Section 13(d) or 13(g) of the Act or for any other purposes, the beneficial owner of these securities. Quaker Premier II, L.P. disclaims beneficial ownership of 980,700 shares covered by this Schedule 13G/A.
|
|||
|
(b)
|
Percent of Class: 4.6%
|
||
|
(c)
|
Number of shares as to which such person has:
|
||
|
(i)
|
Sole power to vote or to direct the vote: 513,415
|
||
|
(ii)
|
Shared power to vote or to direct the vote: 0
|
||
|
(iii)
|
Sole power to dispose or to direct the disposition of: 513,415
|
||
|
(iv)
|
Shared power to dispose or to direct the disposition of: 0
|
||
| Mark G. Schoeppner: | |||
|
(a)
|
Amount Beneficially Owned: 0
|
||
|
The filing of this report shall not be construed as an admission that Mark G. Schoeppner is, for purposes of Section 13(d) or 13(g) of the Act or for any other purposes, the beneficial owner of these securities. Mark G. Schoeppner disclaims beneficial ownership of all 1,494,115 shares covered by this Schedule 13G/A.
|
|||
|
(b)
|
Percent of Class: 0%
|
||
|
(c)
|
Number of shares as to which such person has:
|
||
|
(i)
|
Sole power to vote or to direct the vote: 0
|
||
|
(ii)
|
Shared power to vote or to direct the vote: 0
|
||
|
(iii)
|
Sole power to dispose or to direct the disposition of: 0
|
|||
|
(iv)
|
Shared power to dispose or to direct the disposition of: 0
|
|||
| 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 of securities, check the following: |
|
|||
| Item 6. |
Ownership of More than Five Percent on Behalf of Another Person
|
|||
|
Not applicable.
|
||||
| Item 7. |
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person
|
|||
|
Not applicable.
|
||||
| Item 8. |
Identification and Classification of Members of the Group
|
|||
|
Not applicable.
|
||||
| Item 9. |
Notice of Dissolution of Group
|
|||
|
Not applicable.
|
||||
| Item 10. |
Certification
|
|||
| By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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. | ||||
|
February 14, 2012
|
QUAKER CAPITAL MANAGEMENT CORPORATION
|
|||
|
/s/ Mark G. Schoeppner
|
||||
| Mark G. Schoeppner, President | ||||
|
QUAKER CAPITAL PARTNERS I, L.P.
|
||||
|
By:
|
Quaker Premier, L.P., its general partner
|
|||
|
By:
|
Quaker Capital Management Corporation, its general partner
|
|||
|
By:
|
/s/ Mark G. Schoeppner
Mark G. Schoeppner
President |
|
||
|
QUAKER PREMIER, L.P.
|
||||
|
By:
|
Quaker Capital Management
Corporation, its general partner
|
|||
|
By:
|
/s/ Mark G. Schoeppner
|
|
||
|
Mark G. Schoeppner
President |
||||
|
QUAKER CAPITAL PARTNERS II, L.P.
|
||||
|
By:
|
Quaker Premier II, L.P., its general partner
|
|||
|
By:
|
Quaker Capital Management Corporation, its general partner
|
|||
|
By:
|
/s/ Mark G. Schoeppner
|
|
||
|
Mark G. Schoeppner
President
|
||||
|
QUAKER PREMIER II, L.P.
|
||||
|
By:
|
Quaker Capital Management Corporation, its general partner
|
|||
|
By:
|
/s/ Mark G. Schoeppner
|
|
||
|
Mark G. Schoeppner
President
|
||||
|
/s/ Mark G. Schoeppner
|
||||
|
Mark G. Schoeppner
|
||||