sec document
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13D
(RULE 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. 26)(1)
The Fairchild Corporation
-------------------------
(Name of Issuer)
Class a Common Stock and Class B Common Stock, Par Value $0.10 Per Share
------------------------------------------------------------------------
(Title of Class of Securities)
Class A Common Stock: 303698 10 4
---------------------------------
Class B Common Stock: 303698 20 3
---------------------------------
(CUSIP Numbers)
STEVEN WOLOSKY, ESQ.
OLSHAN GRUNDMAN FROME ROSENZWEIG & WOLOSKY LLP
Park Avenue Tower
65 East 55th Street
New York, New York 10022
(212) 451-2300
--------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 20, 2006
--------------
(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 which is the subject of this Schedule 13D, and is
filing this Schedule because of Rule 13d-1(e), 13d-1(f) or 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 Rule 13d-7 for
other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 8 Pages)
(1) 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 purpose of Section 18 of the Securities Exchange
Act of 1934 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).
------------------------ ----------------------
CUSIP Nos. 303698 10 4 & 13D Page 2 of 8 Pages
303698 20 3
------------------------ ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
THE STEINER GROUP LLC
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
13-4035166
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware, USA
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 5,727,684 Class A Shares*
OWNED BY 2,533,996 Class B Shares
EACH -----------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
- 0 - Class A Shares
- 0 - Class B Shares
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
5,727,684 Class A Shares*
2,533,996 Class B Shares
------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 - Class A Shares
- 0 - Class B Shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
5,727,684 Class A Shares*
2,533,996 Class B Shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
22.8% of Class A Shares, 96.7% of Class B Shares
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
--------
* Assumes the conversion of the Class B Shares on a share-for-share basis
------------------------ ----------------------
CUSIP Nos. 303698 10 4 & 13D Page 3 of 8 Pages
303698 20 3
------------------------ ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
JEFFREY J. STEINER
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Austria
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 469,062 Class A Shares*
OWNED BY 30,000 Class B Shares
EACH -----------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
- 0 - Class A Shares
- 0 - Class B Shares
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
469,062 Class A Shares*
30,000 Class B Shares
------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 - Class A Shares
- 0 - Class B Shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
469,062 Class A Shares*
30,000 Class B Shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* /X/
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.1% of Class A Shares, 1.1% of Class B Shares
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
--------
* Assumes the conversion of the Class B Shares on a share-for-share basis
------------------------ ----------------------
CUSIP Nos. 303698 10 4 & 13D Page 4 of 8 Pages
303698 20 3
------------------------ ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
ERIC I. STEINER
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 289,481 Class A Shares*
OWNED BY 15,000 Class B Shares
EACH -----------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
6,017,165 Class A Shares*
2,548,996 Class B Shares
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
289,481 Class A Shares*
15,000 Class B Shares
------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
6,017,165 Class A Shares*
2,548,996 Class B Shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
6,017,165 Class A Shares*
2,548,996 Class B Shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* /X/
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.9% of Class A, 97.2% of Class B
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
--------
* Assumes the conversion of the Class B Shares on a share-for-share basis
------------------------ ----------------------
CUSIP Nos. 303698 10 4 & 13D Page 5 of 8 Pages
303698 20 3
------------------------ ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
NATALIA F. HERCOT
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 98,505 Class A Shares*
OWNED BY 15,000 Class B Shares
EACH -----------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
5,826,189 Class A Shares*
2,548,996 Class B Shares
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
98,505 Class A Shares*
15,000 Class B Shares
------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
5,826,189 Class A Shares*
2,548,996 Class B Shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
5,826,189 Class A Shares*
2,548,996 Class B Shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* /X/
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.2% of Class A Shares, 97.2% of Class B Shares
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
--------
* Assumes the conversion of the Class B Shares on a share-for-share basis
------------------------ ----------------------
CUSIP Nos. 303698 10 4 & 13D Page 6 of 8 Pages
303698 20 3
------------------------ ----------------------
The following constitutes Amendment No. 26 ("Amendment No. 26") to the
Schedule 13D filed by the undersigned. This Amendment No. 26 amends the Schedule
13D as specifically set forth.
ITEM 4. PURPOSE OF TRANSACTION
Item 4 of the Schedule 13D is hereby amended to include the following:
A notice was sent to the Issuer from Holdings LLC, on September 20,
2006, withdrawing the proposal submitted by Holdings LLC on August 7, 2006,
pursuant to which Holdings LLC would merge with the Issuer and acquire all of
its outstanding capital stock, as described herein. However, after delivery of
the notice, the parties engaged in subsequent discussions, and have agreed to
meet and discuss the matter further.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
Item 6 is hereby amended to include the following:
Please see Item 4 regarding the withdrawal of the proposal submitted by
Holdings LLC on August 7, 2006.
Item 7. MATERIAL TO BE FILED AS EXHIBITS.
1. Letter dated September 20, 2006 from FA Holdings I, LLC to Michael
Vantusko, Chairman, Special Committee of The Fairchild
Corporation.
------------------------ ----------------------
CUSIP Nos. 303698 10 4 & 13D Page 7 of 8 Pages
303698 20 3
------------------------ ----------------------
SIGNATURES
After reasonable inquiry and to the best knowledge and belief of the
undersigned, each of the undersigned certifies that the information set forth in
this statement by or about it or him is true, complete and correct.
Date: September 22, 2006 /s/ Jeffrey J. Steiner
------------------------------------
JEFFREY J. STEINER
Date: September 22, 2006 THE STEINER GROUP LLC
By: /s/ Eric I. Steiner
--------------------------------
Eric I. Steiner
Co-Manager
Date: September 22, 2006 /s/ Eric I. Steiner
------------------------------------
ERIC I. STEINER
Date: September 22, 2006 /s/ Natalia F. Hercot
------------------------------------
NATALIA F. HERCOT
------------------------ ----------------------
CUSIP Nos. 303698 10 4 & 13D Page 8 of 8 Pages
303698 20 3
------------------------ ----------------------
Exhibit 1
FA HOLDINGS I, LLC
c/o Phoenix Enterprises, LLC
110 East 59th Street, Suite 1901
New York, New York 10022
September 20, 2006
The Fairchild Corporation
1750 Tysons Boulevard, Suite 1400
McLean, Virginia 22102
Attention: Michael Vantusko
Chairman, Special Committee
Gentlemen:
Reference is made to our letter dated August 7, 2006 setting forth a
proposal to acquire all of the outstanding capital stock of the Fairchild
Corporation (the "Company"). We hereby notify you, effective immediately, that
we are withdrawing our proposal.
We are taking this action because, based on our discussions to date
with a committee of independent directors and their advisors, we do not believe
we will be able to agree on terms that are mutually satisfactory and thereby
enable our proposal to be taken to stockholders. There is simply too little
understanding of the challenges facing the Company, which has caused too much of
a gulf between us on fundamental business terms. Furthermore, we do not believe
the committee and its advisors gave consideration to the fact that our last
proposal gave the Company and its advisors almost total freedom, subject only to
a break-up fee, to seek a higher price from other bidders even after signing a
definitive agreement with us.
Sincerely yours,
FA HOLDINGS I, LLC
By: /s/ Philip Sassower
--------------------------------
Philip Sassower, Manager
By: /s/ Jeffrey J. Steiner
--------------------------------
Jeffrey J. Steiner, Manager