UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
Amendment No. 3*
TechTeam Global, Inc.
(Name of Issuer)
Common Stock, $0.01 par value per share
(Title of Class of Securities)
87831110-9
(CUSIP Number)
December 31, 2006
(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 disclosures 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).
Page 1 of 17 Pages
CUSIP No. 87831110-9 13G/A Page 2 of 17 Pages
--------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Ramius Capital Group, L.L.C. 13-3937658
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
990,887
SHARES ------------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
0
OWNED BY ------------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
990,887
REPORTING ------------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
990,887
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
[ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
9.60%.
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
IA, OO
--------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 87831110-9 13G/A Page 3 of 17 Pages
--------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
RCG Ambrose Master Fund, Ltd.
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
124,926
SHARES ------------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
0
OWNED BY ------------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
124,926
REPORTING ------------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
124,926
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
[ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
1.21%
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
CO
--------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 87831110-9 13G/A Page 4 of 17 Pages
--------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
RCG Halifax Fund, Ltd.
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
126,238
SHARES ------------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
0
OWNED BY ------------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
126,238
REPORTING ------------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
126,238
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
[ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
1.22%.
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
CO
--------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 87831110-9 13G/A Page 5 of 17 Pages
--------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Ramius Master Fund, Ltd.
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
529,025
SHARES ------------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
0
OWNED BY ------------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
529,025
REPORTING ------------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
529,025
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
[ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
5.12%.
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
CO
--------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 87831110-9 13G/A Page 6 of 17 Pages
--------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Ramius Securities, L.L.C. 58-2253019
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
210,698
SHARES ------------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
0
OWNED BY ------------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
210,698
REPORTING ------------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
210,698
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
[ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
2.04%.
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
BD
--------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 87831110-9 13G/A Page 7 of 17 Pages
--------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Ramius Advisors, LLC 13-3954331
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
529,025
SHARES ------------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
0
OWNED BY ------------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
529,025
REPORTING ------------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
529,025
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
[ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
5.12%.
--------------------------------------------------------------------------------
(12 TYPE OF REPORTING PERSON **
IA, OO
--------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 87831110-9 13G/A Page 8 of 17 Pages
--------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
C4S & Co., L.L.C. 13-3946794
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
990,887
SHARES ------------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
0
OWNED BY ------------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
990,887
REPORTING ------------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
990,887
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
[ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
9.60%.
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
OO
--------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 87831110-9 13G/A Page 9 of 17 Pages
--------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Peter A. Cohen
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES ------------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
990,887
OWNED BY ------------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING ------------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
990,887
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
990,887
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
[ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
9.60%.
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
IN
--------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 87831110-9 13G/A Page 10 of 17 Pages
--------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Morgan B. Stark
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES ------------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
990,887
OWNED BY ------------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING ------------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
990,887
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
990,887
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
[ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
9.60%.
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
IN
--------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 87831110-9 13G/A Page 11 of 17 Pages
--------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Thomas W. Strauss
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES ------------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
990,887
OWNED BY ------------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING ------------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
990,887
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
990,887
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
[ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
9.60%.
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
IN
--------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 87831110-9 13G/A Page 12 of 17 Pages
--------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Jeffrey M. Solomon
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES ------------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
990,887
OWNED BY ------------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING ------------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
990,887
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
990,887
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
[ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
9.60%.
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
IN
--------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 87831110-9 13G/A Page 13 of 17 Pages
This Amendment No. 3 (this "Amendment") amends the statement on
Schedule 13G filed on April 10, 2006, which was amended by Amendment No.1 filed
on May 19, 2006 and which was further amended by Amendment No. 2 filed on
November 3, 2006 (as amended, the "Schedule 13G") with respect to shares of
common stock, par value $0.01 per share (the "Common Stock") of TechTeam Global,
Inc., a Delaware corporation (the "Company"). Capitalized terms used herein and
not otherwise defined in this Amendment have the meanings set forth in the
Schedule 13G. This Amendment amends items 2(a), 2(b), 2(c), 4, 5 and 8 as set
forth below.
Item 2(a). Name of Person Filing
Item 2(b). Address of Principal Business Office
Item 2(c). Citizenship
Items 2(a), 2(b) and 2(c) are hereby amended and restated as
follows:
Ramius Capital Group, L.L.C.
666 Third Avenue, 26th Floor
New York, New York 10017
Citizenship: Delaware
Ramius Master Fund, Ltd.
c/o Ramius Capital Group, L.L.C.
666 Third Avenue, 26th Floor
New York, New York 10017
Citizenship: Cayman Islands
Ramius Advisors, LLC
c/o Ramius Capital Group, L.L.C.
666 Third Avenue, 26th Floor
New York, New York 10017
Citizenship: Delaware
C4S & Co., L.L.C.
c/o Ramius Capital Group, L.L.C.
666 Third Avenue, 26th Floor
New York, New York 10017
Citizenship: Delaware
Peter A. Cohen
c/o Ramius Capital Group, L.L.C.
666 Third Avenue, 26th Floor
New York, New York 10017
Citizenship: United States
Morgan B. Stark
c/o Ramius Capital Group, L.L.C.
666 Third Avenue, 26th Floor
New York, New York 10017
Citizenship: United States
Thomas W. Strauss
c/o Ramius Capital Group, L.L.C.
666 Third Avenue, 26th Floor
New York, New York 10017
Citizenship: United States
CUSIP No. 87831110-9 13G/A Page 14 of 17 Pages
Jeffrey M. Solomon
c/o Ramius Capital Group, L.L.C.
666 Third Avenue, 26th Floor
New York, New York 10017
Citizenship: United States
Item 4. Ownership
Item 4 is hereby amended and restated in its entirety as follows:
(a) Amount Beneficially Owned:
As of the date hereof, (i) RCG Ambrose Master Fund, Ltd., a Cayman
Islands company ("Ambrose") owns 124,926 shares of Common Stock, (ii) RCG
Halifax Fund, Ltd., a Cayman Islands company ("Halifax") owns 126,238 shares of
Common Stock, (iii) Ramius Master Fund, Ltd., a Cayman Islands company ("Ramius
Master Fund") owns 529,025 shares of Common Stock, and (iv) Ramius Securities,
L.L.C., a Delaware limited liability company ("Ramius Securities") owns 210,698
shares of Common Stock. In addition, (i) Ramius Advisors, LLC, a Delaware
limited liability company ("Ramius Advisors") may be deemed to beneficially own
the 529,025 shares owned by Ramius Master Fund and (ii) each of Ramius Capital
Group, L.L.C., a Delaware limited liability company ("Ramius Capital"), C4S &
Co., L.L.C., a Delaware limited liability company ("C4S"), Peter A. Cohen ("Mr.
Cohen"), Morgan B. Stark ("Mr. Stark"), Thomas W. Strauss ("Mr. Strauss") and
Jeffrey M. Solomon ("Mr. Solomon") may be deemed to beneficially own all shares
of Common Stock held by Ambrose, Halifax, Ramius Master Fund and Ramius
Securities, an aggregate number of 990,887 shares of Common Stock.
Note: Ramius Capital is the investment manager of Ambrose and Halifax
and has the power to direct some of the affairs of Ambrose and Halifax,
including decisions respecting the disposition of the proceeds from the sale of
shares of the Common Stock. Ramius Advisors is the investment manager of Ramius
Master Fund and has the power to direct some of the affairs of Ramius Master
Fund including decisions respecting the disposition of the proceeds from the
sale of shares of the Common Stock. Ramius Capital is the sole member of Ramius
Advisors. Ramius Securities is a broker dealer affiliated with Ramius Capital.
Ramius Capital is the managing member of Ramius Securities. C4S is the managing
member of Ramius Capital and in that capacity directs its operations. Mr. Cohen,
Mr. Stark, Mr. Strauss and Mr. Solomon are the managing members of C4S and in
that capacity direct its operations. The foregoing should not be construed in
and of itself as an admission by any Reporting Person as to beneficial ownership
of any shares of Common Stock owned by another Reporting Person. In addition,
each of Mr. Cohen, Mr. Stark, Mr. Strauss and Mr. Solomon disclaims beneficial
ownership of the shares of Common Stock owned by Ambrose, Halifax, Ramius III,
Ramius Master Fund and Ramius Securities and the filing of this statement shall
not be construed as an admission that any such person is the beneficial owner of
any such securities.
(b) Percent of class:
Based on the quarterly report on Form 10-Q filed by the Company on
November 9, 2006, there were 10,322,993 shares of Common Stock outstanding as of
November 1, 2006. Therefore, (i) Ambrose may be deemed to beneficially own 1.21%
of the outstanding shares of Common Stock, (ii) Halifax may be deemed to
beneficially own 1.22% of the outstanding shares of Common Stock, (iii) Ramius
Master Fund may be deemed to beneficially own 5.12% of the outstanding shares
CUSIP No. 87831110-9 13G/A Page 15 of 17 Pages
of Common Stock, (iv) Ramius Advisors may be deemed to beneficially own
5.12% of the outstanding shares of Common Stock, (v) Ramius Securities may be
deemed to beneficially own 2.04% of the outstanding shares of Common Stock, and
(vi) each of Ramius Capital, C4S, Mr. Cohen, Mr. Stark, Mr. Strauss and Mr.
Solomon may be deemed to beneficially own 9.60% of the outstanding shares of
Common Stock.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
See Item 4(a) above.
(ii) Shared power to vote or to direct the vote:
See Item 4(a) above.
(iii) Sole power to dispose or to direct the disposition of:
See Item 4(a) above.
(iv) Shared power to dispose or to direct the disposition of:
See Item 4(a) above.
Item 5. Ownership of Five Percent or Less of a Class
As of the date hereof, RCG Ambrose Master Fund, Ltd., RCG Halifax
Fund, Ltd. and Ramius Securities, L.L.C. no longer beneficially own more than
five percent of the shares of Common Stock of the Company and have ceased to be
Reporting Persons with respect to the shares of Common Stock of the Company.
Item 8. Identification and Classification of Members of the Group
See Exhibit I.
Exhibits:
Exhibit I: Joint Filing Agreement, dated as of February 12, 2007, by and among
Ramius Capital, Ramius Master Fund, Ramius Advisors, Ramius Securities, Ambrose,
Halifax, C4S, Mr. Cohen, Mr. Stark, Mr. Strauss and Mr. Solomon.
CUSIP No. 87831110-9 13G/A Page 16 of 17 Pages
SIGNATURE
After reasonable inquiry and to the best of his knowledge and belief, each of
the undersigned certifies that the information set forth in this statement is
true, complete and correct.
Dated this February 12, 2007
RCG AMBROSE MASTER FUND, LTD. RAMIUS MASTER FUND, LTD
By: Ramius Capital Group, L.L.C., By: Ramius Advisors, LLC
its investment manager its investment manager
By: C4S & Co., L.L.C., By: Ramius Capital Group, L.L.C.
its managing member its sole member
RCG HALIFAX FUND, LTD. RAMIUS ADVISORS, LLC
By: Ramius Capital Group, L.L.C., By: Ramius Capital Group, L.L.C.,
its investment manager its sole member
By: C4S & Co., L.L.C.,
its managing member RAMIUS CAPITAL GROUP, L.L.C.
By: C4S & Co., L.L.C.,
RAMIUS SECURITIES, L.L.C. as managing member
By: Ramius Capital Group, L.L.C.,
its managing member C4S & CO., L.L.C.
By: C4S & Co., L.L.C.,
its managing member
By: /s/ Jeffrey M. Solomon
---------------------------
Name: Jeffrey M. Solomon
Title: Authorized Signatory
JEFFREY M. SOLOMON
/s/ Jeffrey M. Solomon
-------------------------------------
Individually and as attorney-in-fact
for Peter A. Cohen,
Morgan B. Stark and
Thomas W. Strauss
The Power of Attorney executed by Peter A. Cohen, Morgan B. Stark and Thomas W.
Strauss, authorizing Jeffrey M. Solomon to sign and file this Schedule 13G/A on
each person's behalf, which was filed with the Schedule 13G filed with the
Securities and Exchange Commission on April 10, 2006 by such Reporting
Persons with respect to the common stock of TechTeam Global, Inc., is hereby
incorporated by reference.
CUSIP No. 87831110-9 13G/A Page 17 of 17 Pages
EXHIBIT I
JOINT FILING AGREEMENT
This will confirm the agreement by and among the undersigned that the Schedule
13G/G filed with the Securities and Exchange Commission on or about the date
hereof with respect to the beneficial ownership by the undersigned of the shares
of Common Stock of TechTeam Global, Inc. is being filed, and all amendments
thereto will be filed, on behalf of each of the persons and entities named below
in accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as
amended. This Agreement may be executed in two or more counterparts, each of
which shall be deemed an original, but all of which together shall constitute
one and the same instrument.
Dated as of February 12, 2007
RCG AMBROSE MASTER FUND, LTD. RAMIUS MASTER FUND, LTD
By: Ramius Capital Group, L.L.C. By: Ramius Advisors, LLC
its investment manager its investment manager
By: C4S & Co., L.L.C., By: Ramius Capital Group, L.L.C.
its managing member its sole member
RCG HALIFAX FUND, LTD. RAMIUS ADVISORS, LLC
By: Ramius Capital Group, L.L.C., By: Ramius Capital Group, L.L.C.,
its investment manager its sole member
By: C4S & Co., L.L.C.,
its managing member RAMIUS CAPITAL GROUP, L.L.C.
By: C4S & Co., L.L.C.,
RAMIUS SECURITIES, L.L.C. as managing member
By: Ramius Capital Group, L.L.C.,
its managing member C4S & CO., L.L.C.
By: C4S & Co., L.L.C.,
its managing member
By: /s/ Jeffrey M. Solomon
---------------------------
Name: Jeffrey M. Solomon
Title: Authorized Signatory
JEFFREY M. SOLOMON
/s/ Jeffrey M. Solomon
-------------------------------------
Individually and as attorney-in-fact
for Peter A. Cohen,
Morgan B. Stark and
Thomas W. Strauss