UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
TWEETER HOME ENTERTAINMENT GROUP, INC.
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(Name of Issuer)
Common Stock, $0.01 Par Value Per Share
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(Title of Class of Securities)
901167106
---------
(CUSIP Number)
December 31, 2005
-----------------
(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 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 ("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 9
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CUSIP No. 901167106 13G Page 2 of 9 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.A.C. Capital Advisors, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- ----- ----------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED ----- ----------------------------------------------------
BY 6 SHARED VOTING POWER
EACH
REPORTING 0 (see Item 4)
PERSON ----- ----------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0
----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 (see Item 4)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[_]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0% (see Item 4)
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12 TYPE OF REPORTING PERSON*
00
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*SEE INSTRUCTION BEFORE FILLING OUT
Page 2 of 9
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CUSIP No. 901167106 13G Page 3 of 9 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.A.C. Capital Management, LLC
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)[_]
(b)[X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------- ------ ----------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED
BY ------ ----------------------------------------------------
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 0 (see Item 4)
WITH ------ ----------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 (see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[_]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 3 of 9
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CUSIP No. 901167106 13G Page 4 of 9 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Steven A. Cohen
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)[_]
(b)[X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-------------------- ------ ----------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED ------ ----------------------------------------------------
BY 6 SHARED VOTING POWER
EACH
REPORTING 0 (see Item 4)
PERSON ------ ----------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 (see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[_]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 4 of 9
ITEM 1(a) NAME OF ISSUER:
Tweeter Home Entertainment Group, Inc.
ITEM 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
40 Pequot Way
Canton, MA 02021
ITEMS 2(a) NAME OF PERSON FILING:
This statement is filed by: (i) S.A.C. Capital Advisors,
LLC, ("SAC Capital Advisors"); (ii) S.A.C. Capital
Management, LLC, ("SAC Capital Management"); and (iii)
Steven A. Cohen.
ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
The address of the principal business office
of (i) SAC Capital Advisors and Mr. Cohen is
72 Cummings Point Road, Stamford,
Connecticut 06902, and (ii) SAC Capital
Management is 540 Madison Avenue, New York,
New York 10022.
ITEM 2(c) CITIZENSHIP:
SAC Capital Advisors and SAC Capital Management are
Delaware limited liability companies. Mr. Cohen is a United
States citizen.
ITEM 2(d) TITLE OF CLASS OF SECURITIES:
Common Stock, par value $0.01 per share
ITEM 2(e) CUSIP NUMBER:
901167106
ITEM 3 Not Applicable
Page 5 of 9
ITEM 4 OWNERSHIP:
As of the close of business on December 30,
2005:
1. S.A.C. Capital Advisors, LLC
(a) Amount beneficially owned: -0-
(b) Percent of class: 0%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: -0-
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: -0-
2. S.A.C. Capital Management, LLC
(a) Amount beneficially owned: -0-
(b) Percent of class: 0%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: -0-
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: -0-
3. Steven A. Cohen
(a) Amount beneficially owned: -0-
(b) Percent of class: 0%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: -0-
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: -0-
Prior to the Transfer (as defined below), each of SAC Capital
Advisors and SAC Capital Management shared all investment and
voting power with respect to the securities of the Issuer held
by S.A.C. Capital Associates, LLC ("SAC Associates") and S.A.C
MultiQuant Fund, LLC. Mr. Cohen controls each of SAC Capital
Advisors, and SAC Capital Management.
Mr. Michael Zimmerman was previously employed as a portfolio
manager by SAC Capital Management and is currently a principal
of Prentice Capital Management, LP. As provided in the
Schedule 13G of Prentice Capital Management, LP filed on May
12, 2005 relating to the Issuer (the "Prentice 13G"), Mr.
Zimmerman may be deemed to control Prentice Capital
Management, LP. In connection with Mr. Zimmerman's departure
from SAC Capital Management, on April 30, 2005 certain
securities held by SAC Capital Associates and certain of its
affiliates and managed by SAC Capital Advisors, SAC Capital
Management and certain of their affiliates were transferred
(the "Transfer") to an account managed (the "Managed Account")
by Prentice Capital Management, LP pursuant to an investment
management agreement among SAC Capital Advisors, Prentice
Capital Management, LP and Mr. Zimmerman. The transferred
securities included 1,108,650 Shares of the Issuer.
Page 6 of 9
The securities in the Managed Account are held in the name of
SAC Capital Associates. Prentice Capital Management has,
except in limited circumstances, the power to vote or to
direct the vote and to dispose or to direct the disposition of
the securities in the Managed Account, including any
securities of the Issuer held therein. Each of SAC Capital
Advisors, SAC Capital Management, SAC Capital Associates and
Mr. Cohen disclaim beneficial ownership of any of the
securities held in the Managed Account and no such securities
are reported herein as being owned by the Reporting Persons.
As provided in the Prentice 13G, Mr. Zimmerman and Prentice
Capital Management, LP have voting and dispositive authority
over investments managed for certain entities in managed
accounts. The securities of the Issuer held in the Managed
Account are reported in the Prentice 13G. The Reporting
Persons disclaim group ownership with Prentice Capital
Management, LP as to the securities held in the Managed
Account and as to any other securities beneficially owned by
Prentice Capital Management, LP or its affiliates.
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following. [X]
ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON:
Not Applicable
Page 7 of 9
ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE
SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING
REPORTED ON BY THE PARENT HOLDING COMPANY:
Not Applicable
ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS
OF THE GROUP:
Not Applicable
ITEM 9 NOTICE OF DISSOLUTION OF GROUP:
Not Applicable
ITEM 10 CERTIFICATION:
By signing below the signatory certifies that, to the best of his
knowledge and belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are not held
in connection with or as a participant in any transaction having that purpose or
effect.
Page 8 of 9
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.
Dated: February 14, 2006
S.A.C. CAPITAL ADVISORS, LLC
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
S.A.C. CAPITAL MANAGEMENT, LLC
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
STEVEN A. COHEN
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
Page 9 of 9