CUSIP
No.
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G21082105
|
Schedule
13D/A
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Page 1 of 8 Pages |
1
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NAMES
OF REPORTING PERSONS / I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(entities only)
Shah
Capital Management, Inc.
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2
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CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE
INSTRUCTIONS)
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(a) þ
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||||
|
(b) o
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||||
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3
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SEC
USE ONLY
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||||
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||||
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4
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SOURCE
OF FUNDS (SEE INSTRUCTIONS)
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||||
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OO
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||||
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5
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CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)
OR 2(e)
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||||
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o
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||||
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6
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CITIZENSHIP
OR PLACE OF ORGANIZATION
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||||
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North
Carolina
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7
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SOLE
VOTING POWER
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||
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NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
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0
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|
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|||
8
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|
SHARED
VOTING POWER
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|||
|
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||||
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2,026,040
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||||
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9
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SOLE
DISPOSITIVE POWER
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|||
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||||
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0
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||||
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|||
10
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SHARED
DISPOSITIVE POWER
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|||
|
|
||||
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|
2,026,040
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|||
|
|
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|||
11
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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|||
|
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||||
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2,026,040
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||||
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|||
12
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CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS)
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|||
|
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||||
|
o
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||||
|
|
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13
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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5.4%
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||||
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|||||
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|||
14
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TYPE
OF REPORTING PERSON (SEE INSTRUCTIONS)
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|||
|
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||||
|
IA
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CUSIP
No.
|
|
G21082105
|
Schedule
13D/A
|
Page 2 of 8 Pages |
1
|
|
NAMES
OF REPORTING PERSONS / I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(entities only)
Shah
Capital Fund, L.P.
|
|||
|
|
|
|||
2
|
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE
INSTRUCTIONS)
|
|||
|
(a) þ
|
||||
|
(b) o
|
||||
|
|
|
|||
3
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SEC
USE ONLY
|
|||
|
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||||
|
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||||
|
|
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|||
4
|
|
SOURCE
OF FUNDS (SEE INSTRUCTIONS)
|
|||
|
|
||||
|
OO
|
||||
|
|
|
|||
5
|
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)
OR 2(e)
|
|||
|
|
||||
|
o
|
||||
|
|
|
|||
6
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|
CITIZENSHIP
OR PLACE OF ORGANIZATION
|
|||
|
|
||||
|
North
Carolina
|
||||
|
|
|
|
||
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7
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|
SOLE
VOTING POWER
|
||
|
|
|
|||
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
|
0
|
|||
|
|
|
|||
8
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SHARED
VOTING POWER
|
|||
|
1,506,000
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||||
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|||||
|
|
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|||
9
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SOLE
DISPOSITIVE POWER
|
|||
|
|
||||
|
0
|
||||
|
|
|
|||
10
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|
SHARED
DISPOSITIVE POWER
|
|||
|
|
|
|||
|
|
1,506,000
|
|||
|
|
|
|||
11
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|||
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1,506,000
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||||
|
|||||
|
|
|
|||
12
|
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS)
|
|||
|
|
||||
|
o
|
||||
|
|
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|||
13
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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4.0%
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|||||
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|||
14
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TYPE
OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|||
|
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||||
|
PN
|
CUSIP
No.
|
|
G21082105
|
Schedule
13D/A
|
Page 3 of 8 Pages |
1
|
|
NAMES
OF REPORTING PERSONS / I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(entities only)
Himanshu
Shah
|
|||
|
|
|
|||
2
|
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE
INSTRUCTIONS)
|
|||
|
(a) þ
|
||||
|
(b) o
|
||||
|
|
|
|||
3
|
|
SEC
USE ONLY
|
|||
|
|
||||
|
|
||||
|
|
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|||
4
|
|
SOURCE
OF FUNDS (SEE INSTRUCTIONS)
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|||
|
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||||
|
PF
|
||||
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|
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|||
5
|
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)
OR 2(e)
|
|||
|
|
||||
|
o
|
||||
|
|
|
|||
6
|
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
|
|||
|
|
||||
|
United
States
|
||||
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7
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|
SOLE
VOTING POWER
|
||
|
|
|
|||
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
|
101,421
|
|||
|
|
|
|||
8
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|
SHARED
VOTING POWER
|
|||
|
|
||||
|
2,127,461
|
||||
|
|
|
|||
9
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|
SOLE
DISPOSITIVE POWER
|
|||
|
|
||||
|
101,421
|
||||
|
|
|
|||
10
|
|
SHARED
DISPOSITIVE POWER
|
|||
|
|
|
|||
|
|
2,127,461
|
|||
|
|
|
|||
11
|
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|||
|
|
||||
|
2,127,461
|
||||
|
|
|
|||
12
|
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS)
|
|||
|
|
||||
|
o
|
||||
|
|
|
|||
13
|
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|||
|
5.7%
|
||||
|
|||||
|
|
|
|||
14
|
|
TYPE
OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|||
|
|
||||
|
IN
|
CUSIP
No.
|
|
G21082105
|
Schedule
13D/A
|
Page 4 of 8 Pages |
CUSIP
No.
|
|
G21082105
|
Schedule
13D/A
|
Page 5 of 8 Pages |
·
|
A
discussion between Mr. Shah and the Issuer’s management at the August 29,
2008 annual meeting of the Issuer suggesting that the Issuer initiate a
stock buyback program;
|
·
|
An
October 8, 2008 letter to the Issuer suggesting that the
Issuer
|
o
|
Communicate
more clearly to the market
|
o
|
Concentrate
on its primary diesel engine
business
|
o
|
Issue
past due but previously unreleased financial statements;
and
|
o
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Appoint
a new chief executive officer
|
CUSIP
No.
|
|
G21082105
|
Schedule
13D/A
|
Page 6 of 8 Pages |
SCM
|
The
Fund
|
Mr.
Shah
|
|
(a) Amount
Beneficially Owned:
|
2,026,040
|
1,506,000
|
2,127,461
|
(b) Percent
of Class:
|
5.4%
|
4.0%
|
5.7%
|
(c) Number
of Shares to Which
Reporting Person Has:
|
|||
(i)
Sole Voting
Power:
|
N/A
|
N/A
|
101,421
|
(ii) Shared
Voting Power:
|
2,026,040
|
1,506,000
|
2,127,461
|
(iii) Sole
Dispositive Power:
|
N/A
|
N/A
|
101,421
|
(iv)
Shared
Dispositive Power:
|
2,026,040
|
1,506,000
|
2,127,461
|
CUSIP
No.
|
|
G21082105
|
Schedule
13D/A
|
Page 7 of 8 Pages |
CUSIP
No.
|
|
G21082105
|
Schedule
13D/A
|
Page 8 of 8 Pages |
|
|
|
|
|
|
|
|
|
SHAH
CAPITAL FUND, L.P.
|
|
|
||
|
|
|
|
|
|
|
|
|
By:
|
|
Shah
Capital Management, Inc.,
its
General Partner
|
|
|
|
|
|
|
|
|
|
|
|
By:
Name:
|
|
/s/
Himanshu Shah
Himanshu
Shah
|
|
|
|
|
|
|
President
|
|
|
|
|
|
|
|
|
|
|
|
SHAH
CAPITAL MANAGEMENT, INC.
|
|
|
||
|
|
|
|
|
|
|
|
|
By:
Name:
|
|
/s/
Himanshu Shah
Himanshu
Shah
|
|
|
|
|
|
|
President
|
|
|
|
|
|
|
|
|
|
|
|
/s/
Himanshu Shah
Himanshu
Shah
|
|
|
SHAH
CAPITAL FUND, L.P.
|
|
By: Shah
Capital Management, Inc., General Partner
By: /s/ Himanshu
Shah
Name:
Himanshu Shah
Title:
President
|
|
SHAH
CAPITAL MANAGEMENT, INC.
|
|
By: /s/ Himanshu
Shah
Name:
Himanshu Shah
Title: President
|
|
/s/ Himanshu
Shah
|
|
Himanshu
Shah
|
Exhibit
99.1
|
||||||||||||||||
Common
Stock
|
||||||||||||||||
Name
|
Buy/Sell
|
Security
|
Trade
Date
|
Quantity
|
Trade
Amount
|
Per
Share Cost
|
||||||||||
Shah
Capital Management, Inc.
|
Buy
|
Common
Stock
|
1/13/2009
|
49,520 | $ | 208,172.00 | $ | 4.20 | ||||||||
Shah
Capital Management, Inc.
|
Buy
|
Common
Stock
|
1/16/2009
|
13,600 | $ | 52,802.09 | $ | 3.88 | ||||||||
Shah
Capital Management, Inc.
|
Buy
|
October
Call @ 7.5
|
9/17/2009
|
500
Contracts
|
* | $ | 105,000.00 | $ | 2.10 | |||||||
Shah
Capital Management, Inc.
|
Buy
|
Common
Stock
|
9/29/2009
|
7,000 | $ | 60,252.50 | $ | 8.60 | ||||||||
Shah
Capital Management, Inc.
|
Buy
|
Common
Stock
|
10/16/2009
|
50,000 | * | $ | 376,000.00 | $ | 7.52 | |||||||
Shah
Capital Management, Inc.
|
Sell
|
Common
Stock
|
4/16/2009
|
56,667 | $ | 410,836.00 | $ | 7.25 | ||||||||
Shah
Capital Management, Inc.
|
Sell
|
Common
Stock
|
4/24/2009
|
953 | $ | 6,337.00 | $ | 6.65 | ||||||||
Shah
Capital Management, Inc.
|
Sell
|
Common
Stock
|
4/30/2009
|
8,500 | $ | 64,600.00 | $ | 7.60 | ||||||||
Shah
Capital Management, Inc.
|
Sell
|
Common
Stock
|
5/11/2009
|
17,000 | $ | 144,500.00 | $ | 8.50 | ||||||||
Shah
Capital Management, Inc.
|
Sell
|
Common
Stock
|
11/11/2009
|
64,307 | $ | 1,006,405.00 | $ | 15.65 | ||||||||
Shah
Capital Management, Inc.
|
Sell
|
Common
Stock
|
11/16/2009
|
5,593 | $ | 90,047.00 | $ | 16.10 | ||||||||
Shah
Capital Management, Inc.
|
Sell
|
Common
Stock
|
11/16/2009
|
56,709 | $ | 924,923.79 | $ | 16.31 | ||||||||
Shah
Capital Management, Inc.
|
Sell
|
Common
Stock
|
11/17/2009
|
78,996 | $ | 1,269,465.72 | $ | 16.07 |
*
October Calls purchased on 9/17/2009 were exercised on
10/16/2009
|
Mr.
Shah has neither bought nor sold securities of the issuer on his own
behalf in the period since Amendment
No.1.
|