SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
---------------------------
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. 4)
APPLICA INCORPORATED
_________________________________________
(Name of Issuer)
Common Stock, par value $0.01 per share
_________________________________________
(Title of Class of Securities)
03815A106
_________________________________________
(CUSIP Number)
William R. Lucas, Jr.
One Riverchase Parkway South
Birmingham, Alabama 35244
_________________________________________
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 4, 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 that 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.
___________________
(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 No. 03815A106
--------------------------------------------------------------------------------
1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Harbinger Capital Partners Master Fund I, Ltd.
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [X]
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS*
WC
--------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
0
BENEFICIALLY ----------------------------------------------------------------
8 SHARED VOTING POWER
OWNED BY
7,921,200
EACH ----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON ----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
7,921,200
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,921,200
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
32.34%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
CUSIP No. 03815A106
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Harbinger Capital Partners Offshore Manager, L.L.C.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
----------------------------------------------------------
BENEFICIALLY
8 SHARED VOTING POWER
OWNED BY
7,921,200
EACH ----------------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON ----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
7,921,200
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,921,200
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
(_)
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
32.34%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
CUSIP No. 03815A106
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
HMC Investors, L.L.C.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
----------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 7,921,200
----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON ----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
7,921,200
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,921,200
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
32.34%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
CUSIP No. 03815A106
--------------------------------------------------------------------------------
1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Harbinger Capital Partners Special Situations Fund, L.P.
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [X]
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS*
WC
--------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
----------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 699,900
----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
----------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 699,900
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
699,900
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.86%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
CUSIP No. 03815A106
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Harbert Management Corporation
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Alabama
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
----------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 8,621,100
----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
----------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 8,621,100
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,621,100
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
35.20%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
CUSIP No. 03815A106
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Philip Falcone
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
----------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 8,621,100
----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
----------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 8,621,100
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,621,100
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
35.20%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
CUSIP No. 03815A106
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Raymond J. Harbert
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
----------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 8,621,100
----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
----------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 8,621,100
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,621,100
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
35.20%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
CUSIP No. 03815A106
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Michael D. Luce
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
----------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 8,621,100
----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
----------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 8,621,100
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,621,100
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
35.20%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
CUSIP No. 03815A106
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Harbinger Capital Partners Special Situations GP, LLC
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
----------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 699,900
----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
----------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH
699,900
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
699,900
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.86%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
CUSIP No. 03815A106
--------------------------------------------------------------------------------
1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
HMC - New York, Inc.
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [X]
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS*
AF
--------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
----------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 699,900
----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
----------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 699,900
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
699,900
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.86%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
CUSIP No. 03815A106
ITEM 1. SECURITY AND ISSUER.
Applica Incorporated (the "Issuer"), Common Stock, $0.10 par value (the
"Shares")
The address of the issuer is 3633 Flamingo Road, Miramar, Florida 33027.
ITEM 2. IDENTITY AND BACKGROUND.
(a-c, f) This Schedule 13D is being filed by Harbinger Capital Partners
Master Fund I, Ltd. (the "Master Fund"), Harbinger Capital Partners Offshore
Manager, L.L.C. ("Harbinger Management"), the investment manager of the Master
Fund, HMC Investors, L.L.C., its managing member ("HMC Investors"), Harbinger
Capital Partners Special Situations Fund, L.P. (the "Special Fund"), Harbinger
Capital Partners Special Situations GP, LLC, the general partner of the Special
Fund ("HCPSS"), HMC - New York, Inc., the managing member of HCPSS ("HMCNY"),
Harbert Management Corporation ("HMC"), the managing member of HMC Investors and
the parent of HMCNY, Philip Falcone, a shareholder of HMC and the portfolio
manager of the Master Fund and the Special Fund, Raymond J. Harbert, a
shareholder of HMC, and Michael D. Luce, a shareholder of HMC (each of the
Master Fund, Harbinger Management, HMC Investors, HMC, Special Fund, HCPSS,
HMCNY, Philip Falcone, Raymond J. Harbert and Michael D. Luce may be referred to
herein as a "Reporting Person" and collectively may be referred to as "Reporting
Persons").
The Master Fund is a Cayman Islands corporation with its principal business
address at c/o International Fund Services (Ireland) Limited, Third Floor,
Bishop's Square, Redmond's Hill, Dublin 2, Ireland. Each of Harbinger
Management, HMC Investors and HCPSS is a Delaware limited liability company. The
Special Fund is a Delaware limited partnership. HMC is an Alabama corporation.
HMCNY is a New York corporation. Each of Philip Falcone, Raymond J. Harbert and
Michael D. Luce is a United States citizen. The principal business address for
each of the Special Fund, HCPSS, HMCNY and Philip Falcone is 555 Madison Avenue,
16th Floor, New York, New York 10022. The principal business address for each of
Harbinger Management, HMC Investors, HMC, Raymond J. Harbert and Michael D. Luce
is One Riverchase Parkway South, Birmingham, Alabama 35244.
(d) None of Philip Falcone, Raymond J. Harbert or Michael D. Luce has,
during the last five years, been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors).
(e) None of the Reporting Persons have, 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 were or are subject to a
judgement, 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.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
As of the date hereof the Master Fund may be deemed to beneficially own
7,921,200 Shares.
As of the date hereof Harbinger Management may be deemed to beneficially own
7,921,200 Shares.
As of the date hereof HMC Investors may be deemed to beneficially own 7,921,200
Shares.
As of the date hereof the Special Fund may be deemed to beneficially own
699,900 Shares.
As of the date hereof HCPSS may be deemed to beneficially own 699,900 Shares.
As of the date hereof HMCNY may be deemed to beneficially own 699,900 Shares.
As of the date hereof HMC may be deemed to beneficially own 8,621,100 Shares.
As of the date hereof Philip Falcone may be deemed to beneficially own 8,621,100
Shares.
As of the date hereof Raymond J. Harbert may be deemed to beneficially own
8,621,100 Shares.
As of the date hereof Michael D. Luce may be deemed to beneficially own
8,621,100 Shares.
No borrowed funds were used to purchase the Shares, other than any borrowed
funds used for working capital purposes in the ordinary course of business.
ITEM 4. PURPOSE OF TRANSACTION.
The Reporting Persons have acquired their Shares of the Issuer for investment.
The Reporting Persons evaluate their investment in the Shares on a continual
basis including, without limitation, for possible synergies with their other
current investments.
David Maura, a consultant to HMC since March 2006, was previously an
analyst for several financial services firms. For a number of years, in his role
as an analyst, Mr. Maura discussed with representatives of the Issuer and
Salton, Inc. ("Salton") the advantages of consolidating with other industry
participants. On June 6, 2006, certain of the Reporting Persons acquired
preferred stock of Salton convertible into approximately 15.54% of Salton's
outstanding common stock. Certain of the Reporting Persons also hold debt of
Salton. On June 2, 2006, Mr. Maura was elected a director of Salton. Since his
election, Mr. Maura has discussed with a senior executive officer of Salton, a
possible combination of Salton with the Issuer, although such discussions are
not continuing.
The Reporting Persons have been advised by Salton that Salton signed a
confidentiality agreement with the Issuer containing a standstill that purports
to bind Salton and its affiliates (as defined in Rule 12b-2). Neither the
Reporting Persons nor Mr. Maura ever have seen a copy of the letter. Mr. Maura
does not believe that he received any confidential information that may have
been given by the Issuer to Salton. The Reporting Persons do not believe they
are bound by the standstill, nor has the Issuer suggested anything to the
contrary.
On July 24, 2006, the Issuer announced that the Issuer, NACCO Industries,
Inc. ("NACCO") and HB-PS Holding Company, Inc. ("HB-PS") had entered into
definitive agreements that are intended to result in the merger of the Issuer
into HB-PS (the "Merger"). On July 31, 2006, Mr. Maura called a senior officer
of the Issuer about the status of the proposed Merger. The officer indicated
that the Issuer was preparing a proxy statement seeking shareholder approval of
the Merger. He also said the Issuer would be meeting with shareholders,
including the Reporting Persons, to promote acceptance of the proposed Merger
and was counting on the Reporting Persons voting their Shares in favor of the
Merger. The officer raised the matter of the Florida Control Shares Act (Florida
Statutes, Section 607.0902) which, among other things, purports to strip certain
of the voting rights of the Shares beneficially owned and which may be acquired
by the Reporting Persons, and purport to permit the issuer to purchase some or
all of the Shares at fair value. The officer said that he did not believe that
the Issuer currently intended to apply the Florida Control Shares Act to the
Reporting Persons.
On August 2, 2006, the Master Fund, Harbinger Management, HMC Investors,
the Special Fund, HCPSS, HMCNY, HMC, Philip Falcone, Raymond J. Harbert and
Michael D. Luce (the "Acquiring Person") filed an Acquiring Person Statement,
attached as Exhibit C, with the Issuer pursuant to the Florida Control Shares
Act seeking a vote of the Issuer's shareholders (other than the Reporting
Persons and the Issuer's management) to confirm that the Shares beneficially
owned and which may be acquired by the Acquiring Person have full voting rights.
The Acquiring Person reserved the right to challenge the constitutionality and
validity of the Florida Control Shares Act and/or the validity of any purported
application thereof to the Acquiring Person.
On August 8, 2006, counsel to the Issuer told counsel to the Reporting Persons
that the Issuer had received the Reporting Persons' Acquiring Persons Statement
and that the issue would be on the agenda for the next special meeting of the
Issuer's shareholders, at which the Merger will also be considered. Counsel to
the Issuer said the Issuer disagreed with the view expressed by one of its
officers that the Florida Control Shares Act was not applicable to the Reporting
Persons' Shares, observing that such Act did apply to the Reporting Persons'
Shares.
The Reporting Persons reserve the right to be in contact with members of the
Issuer's management, the members of the Issuer's Board of Directors, other
significant shareholders, NAACO's management and directors and others regarding
alternatives that the Issuer could employ to maximize shareholder value. The
Reporting Persons also reserve the right to effect transactions that would
change the number of shares they may be deemed to beneficially own. Further, the
Reporting Persons reserve the right to act in concert with any other
shareholders of the Issuer, or other persons, for a common purpose should they
determine to do so, and/or to recommend courses of action to the Issuer's
management, the Issuer's Board of Directors and the shareholders of the Issuer.
Other than as set forth above, the Reporting Persons have no plan or proposal as
of the date of this filing which, other than as expressly set forth above,
relates to, or would result in, any of the actions enumerated in Item 4 of the
instructions to Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a, b) As of the date hereof, the Master Fund may be deemed to be the beneficial
owner of 7,921,200 Shares, constituting 32.34% of the Shares of the Issuer,
based upon 24,492,069 Shares outstanding as of August 1, 2006.
The Master Fund has the sole power to vote or direct the vote of 0 Shares;
has the shared power to vote or direct the vote of 7,921,200 Shares; has sole
power to dispose or direct the disposition of 0 Shares; and has shared power to
dispose or direct the disposition of 7,921,200 Shares.
(a, b) As of the date hereof, Harbinger Management may be deemed to be the
beneficial owner of 7,921,200 Shares, constituting 32.34% of the Shares of the
Issuer, based upon 24,492,069 Shares outstanding as of August 1, 2006.
Harbinger Management has the sole power to vote or direct the vote of 0
Shares; has the shared power to vote or direct the vote of 7,921,200 Shares; has
sole power to dispose or direct the disposition of 0 Shares; and has shared
power to dispose or direct the disposition of 7,921,200 Shares.
Harbinger Management specifically disclaims beneficial ownership in the
Shares reported herein except to the extent of its pecuniary interest therein.
(a, b) As of the date hereof, HMC Investors may be deemed to be the
beneficial owner of 7,921,200 Shares, constituting 32.34% of the Shares of the
Issuer, based upon 24,492,069 Shares outstanding as of August 1, 2006.
HMC Investors has the sole power to vote or direct the vote of 0 Shares;
has the shared power to vote or direct the vote of 7,921,200 Shares; has sole
power to dispose or direct the disposition of 0 Shares; and has shared power to
dispose or direct the disposition of 7,921,200 Shares.
HMC Investors specifically disclaims beneficial ownership in the Shares
reported herein except to the extent of its pecuniary interest therein.
(a, b) As of the date hereof, the Special Fund may be deemed to be the
beneficial owner of 699,900 Shares, constituting 2.86% of the Shares of the
Issuer, based upon 24,492,069 Shares outstanding as of August 1, 2006.
The Special Fund has the sole power to vote or direct the vote of
0 Shares; has the shared power to vote or direct the vote of 699,900
Shares; has sole power to dispose or direct the disposition of 0 Shares; and has
shared power to dispose or direct the disposition of 699,900 Shares.
The Special Fund specifically disclaims beneficial ownership in the
Shares reported herein except to the extent of its pecuniary interest therein.
(a, b) As of the date hereof, HCPSS may be deemed to be the beneficial
owner of 699,900 Shares, constituting 2.86% of the Shares of the Issuer,
based upon 24,492,069 Shares outstanding as of August 1, 2006.
HCPSS has the sole power to vote or direct the vote of 0 Shares; has the shared
power to vote or direct the vote of 699,900 Shares; has sole power to dispose or
direct the disposition of 0 Shares; and has shared power to dispose or direct
the disposition of 699,900 Shares.
HCPSS specifically disclaims beneficial ownership in the Shares reported
herein except to the extent of its pecuniary interest therein.
(a, b) As of the date hereof, HMCNY may be deemed to be the beneficial
owner of 699,900 Shares, constituting 2.86% of the Shares of the Issuer,
based upon 24,492,069 Shares outstanding as of August 1, 2006.
HMCNY has the sole power to vote or direct the vote of 0 Shares; has the
shared power to vote or direct the vote of 699,900 Shares; has sole power to
dispose or direct the disposition of 0 Shares; and has shared power to dispose
or direct the disposition of 699,900 Shares.
HMCNY specifically disclaims beneficial ownership in the Shares reported
herein except to the extent of its pecuniary interest therein.
(a, b) As of the date hereof, HMC may be deemed to be the beneficial owner
of 8,621,100 Shares, constituting 35.20% of the Shares of the Issuer, based upon
24,492,069 Shares outstanding as of August 1, 2006.
HMC as the sole power to vote or direct the vote of 0 Shares; has the
shared power to vote or direct the vote of 8,621,100 Shares; has sole power to
dispose or direct the disposition of 0 Shares; and has shared power to dispose
or direct the disposition of 8,621,100 Shares.
HMC specifically disclaims beneficial ownership in the Shares reported
herein except to the extent of its pecuniary interest therein.
(a, b) As of the date hereof, Philip Falcone may be deemed to be the
beneficial owner of 8,621,100 Shares, constituting 35.20% of the Shares of the
Issuer, based upon 24,492,069 Shares outstanding as of August 1, 2006.
Mr. Falcone has the sole power to vote or direct the vote of 0 Shares; has
the shared power to vote or direct the vote of 8,621,100 Shares; has sole power
to dispose or direct the disposition of 0 Shares; and has shared power to
dispose or direct the disposition of 8,621,100 Shares.
Mr. Falcone specifically disclaims beneficial ownership in the Shares
reported herein except to the extent of his pecuniary interest therein.
(a, b) As of the date hereof, Raymond J. Harbert may be deemed to be the
beneficial owner of 8,621,100 Shares, constituting 35.20% of the Shares of the
Issuer, based upon 24,492,069 Shares outstanding as of August 1, 2006.
Mr. Harbert has the sole power to vote or direct the vote of 0 Shares; has
the shared power to vote or direct the vote of 8,621,100 Shares; has sole power
to dispose or direct the disposition of 0 Shares; and has shared power to
dispose or direct the disposition of 8,621,100 Shares.
Mr. Harbert specifically disclaims beneficial ownership in the Shares
reported herein except to the extent of his pecuniary interest therein.
(a, b) As of the date hereof, Michael D. Luce may be deemed to be the
beneficial owner of 8,621,100 Shares, constituting 35.20% of the Shares of the
Issuer, based upon 24,492,069 Shares outstanding as of August 1, 2006.
Mr. Luce has the sole power to vote or direct the vote of 0 Shares; has
the shared power to vote or direct the vote of 8,621,100 Shares; has sole power
to dispose or direct the disposition of 0 Shares; and has shared power to
dispose or direct the disposition of 8,621,100 Shares.
Mr. Luce specifically disclaims beneficial ownership in the Shares
reported herein except to the extent of his pecuniary interest therein.
(c) The trading dates, number of Shares purchased and sold and price per
share for all transactions in the Shares since the previous amendment to
Schedule 13D by the Reporting Persons are set forth in Exhibit B.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER.
N/A.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit A: Agreement between the Reporting Persons to file jointly
Exhibit B: Schedule of Transactions in the Shares of the Issuer
Exhibit C: Acquiring Person Statement
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Harbinger Capital Partners Master Fund I, Ltd.
By: Harbinger Capital Partners Offshore Manager, L.L.C.
By: HMC Investors, L.L.C., Managing Member
By: /s/ DAVID A. BOUTWELL
--------------------------
Harbinger Capital Partners Offshore Manager, L.L.C.
By: HMC Investors, L.L.C., Managing Member
By: /s/ DAVID A. BOUTWELL
--------------------------
HMC Investors, L.L.C.
By: /s/ DAVID A. BOUTWELL
--------------------------
Harbinger Capital Partners Special Situations Fund, L.P.
By: Harbinger Capital Partners Special Situations GP, LLC
By: HMC - New York, Inc.
By: /s/ DAVID A. BOUTWELL
--------------------------
Harbinger Capital Partners Special Situations GP, LLC
By: HMC - New York, Inc.
By:/s/ DAVID A. BOUTWELL
---------------------------
HMC - New York, Inc.
BY: /s/ DAVID A. BOUTWELL
---------------------------
Harbert Management Corporation
By: /s/ DAVID A. BOUTWELL
---------------------------
/s/ PHILIP FALCONE
------------------------------
Philip Falcone
------------------------------
/s/ RAYMOND J. HARBERT
------------------------------
Raymond J. Harbert
/s/ MICHAEL D. LUCE
------------------------------
Michael D. Luce
August 8, 2006
Attention: Intentional misstatements or omissions of fact constitute federal
criminal violations (see 18 U.S.C. 1001).
Exhibit A
AGREEMENT
The undersigned agree that this Schedule 13D, Amendment No. 4, dated August 8,
2006 relating to the Common Stock, $0.10 par value of Applica Incorporated shall
be filed on behalf of the undersigned.
Harbinger Capital Partners Master Fund I, Ltd.
By: Harbinger Capital Partners Offshore Manager, L.L.C.
By: HMC Investors, L.L.C., Managing Member
By: /s/ DAVID A. BOUTWELL
--------------------------
Harbinger Capital Partners Offshore Manager, L.L.C.
By: HMC Investors, L.L.C., Managing Member
By: /s/ DAVID A. BOUTWELL
--------------------------
HMC Investors, L.L.C.
By: /s/ DAVID A. BOUTWELL
--------------------------
Harbinger Capital Partners Special Situations Fund, L.P.
By: Harbinger Capital Partners Special Situations GP, LLC
By: HMC - New York, Inc.
By: /s/ DAVID A. BOUTWELL
--------------------------
Harbinger Capital Partners Special Situations GP, LLC
By: HMC - New York, Inc.
By:/s/ DAVID A. BOUTWELL
---------------------------
HMC - New York, Inc.
BY: /s/ JOEL B. PIASSICK
--------------------------
Harbert Management Corporation
By: /s/ JOEL B. PIASSICK
---------------------------
/s/ PHILIP FALCONE
------------------------------
Philip Falcone
------------------------------
/s/ RAYMOND J. HARBERT
-------------------------------
Raymond J. Harbert
/s/ MICHAEL D. LUCE
--------------------------------
Michael D. Luce
August 8, 2006
Exhibit B
TRANSACTIONS BY HARBERT CAPITAL PARTNERS SPECIAL SITUATIONS FUND, L.P.
TRANSACTIONS IN THE COMMON STOCK, $0.10 PAR VALUE
-------------------------------------------------
Date of Number of Shares
Transaction Purchase/(Sold) Price of Shares
----------- ----------------- ---------------
8/4/06 655,200 $4.00
8/4/06 10,000 $3.9788
8/7/06 34,700 $4.2751
Exhibit C
ACQUIRING PERSON STATEMENT
Pursuant to the Florida Control Shares Act, Florida Statutes, Section 607.0902
==========================================
APPLICA INCORPORATED
---------------------
(NAME OF ISSUING PUBLIC CORPORATION)
3633 FLAMINGO ROAD, MIRAMAR, FLORIDA
------------------------------------
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICE)
==========================================
HARBINGER CAPITAL PARTNERS
MASTER FUND I, LTD. AND OTHERS NAMED BELOW
------------------------------------------
NAME OF ACQUIRING PERSON
==========================================
AUGUST 2, 2006
==========================================
ITEM (a) IDENTITY OF THE ACQUIRING PERSON:
Harbinger Capital Partners Master Fund I, Ltd. (the "Master Fund I"),
Harbinger Capital Partners Offshore Manager, L.L.C., the investment manager of
the Master Fund I ("HCPO"), HMC Investors, L.L.C., its managing member ("HMCI"),
Harbinger Capital Partners Special Situations Fund, L.P. (the "Special Fund" and
together with the Master Fund I, the "Master Funds"), Harbinger Capital Partners
Special Situations GP, LLC, the general partner of the Special Fund ("HCPSS"),
HMC - New York, Inc., its managing member ("HMCNY"), and Harbert Management
Corporation, as the managing member of HMCI (and parent of HMCNY) ("HMC"),
Philip Falcone, a shareholder of HMC and the portfolio manager of the Master
Funds, Raymond J. Harbert, a shareholder of HMC, and Michael D. Luce, a
shareholder of HMC (collectively the "Acquiring Person"). The Master Fund I,
HCPO and HMCI are collectively referred to herein as the "Master Fund Entities"
and the Special Fund, HCPSS and HMCNY are collectively referred to herein as the
"Special Fund Entities."
ITEM (b) PURPOSE OF THIS STATEMENT:
This Acquiring Person Statement is given pursuant to Section 607.0902, of
the Florida Statutes (the "Control Shares Act").
ITEM (c) NUMBER OF SHARES OWNED:
The Acquiring Person owns, directly or indirectly, 7,921,200 shares of Common
Stock of Applica Incorporated (the "Company"). Each of the entities which
comprise the Master Fund Entities is deemed to beneficially own, within the
meaning of Section 13(d) of the Securities Exchange Act of 1934 (the "Exchange
Act"), 7,921,200 shares. Each of the entities which comprise the Special Fund
Entities do not currently beneficially own any shares but may acquire shares of
Common Stock in the future. Philip Falcone, as the portfolio manager of the
Master Funds, and HMC, together with Raymond J. Harbert and Michael D. Luce as a
result of their respective ownership interests in HMC, may be deemed to
beneficially own all 7,921,200 shares and to beneficially own any shares
acquired by the Special Fund Entities. Each of the entities (other than the
Master Funds) and persons which comprise the Acquiring Person specifically
disclaim beneficial ownership in the foregoing shares except to the extent of
its or his respective pecuniary interest therein.
ITEM (d) RANGES OF VOTING POWER:
Except for the possible effect of Section 607.0902 of the Control Shares
Act, the Acquiring Person would be deemed to have voting power, as provided in
Section 607.0902 of the Control Shares Act, with respect to 7,921,200 shares of
the Company's Common Stock, or approximately 32.6 percent of the issued and
outstanding shares of the class (based on 24,334,569 shares outstanding as of
May 1, 2006 as set forth in the Company's Form 10-Q for the quarter ended March
31, 2006), which falls within the range of one-fifth or more but less than
one-third of voting power range as set forth in Section 607.0902. In addition,
the Acquiring Person may acquire additional shares of the Company's Common Stock
(including additional "control share acquisitions" within the meaning of Section
607.0902) pursuant to which its range of voting power may exceed both (i) the
one-third or more but less than a majority of all voting power range, and (ii)
the majority or more of all voting power range.
ITEM (e) PLANS WITH RESPECT TO ADDITIONAL PURCHASES OF COMMON STOCK:
With respect to additional purchases of the Company's Common Stock which the
Acquiring Person may make (including without limitation any purchases which
would be deemed to constitute a "control-share acquisition" within the meaning
of Section 607.0902) (the "Additional Purchases"), the Acquiring Person:
(1) intends to conduct any such Additional Purchases at prevailing market rates
over the public markets or in privately-negotiated transactions with other
shareholders; and
(2) represents that if consummated, all such Additional Purchases will not be
contrary to law and that it has the financial capacity to make all such
Additional Purchases out of funds currently owned by the Master Funds without
the necessity of borrowing any funds. The Acquiring Person bases its statement
regarding compliance with law on its intended compliance with applicable state
and federal laws, including federal securities laws.
OTHER CONSIDERATIONS:
The Acquiring Person reserves the right to challenge the constitutionality
and validity of the Florida Control Share Act and/or the validity of any
purported application thereof to the Acquiring Person.