Telos Corporation
|
(Name of Issuer)
|
12% Cumulative Exchangeable Redeemable Preferred Stock, $.01 par value
|
(Title of Class of Securities)
|
8796B200
|
(CUSIP Number)
|
Seth W. Hamot
Costa Brava Partnership III L.P.
222 Berkeley Street, 17th Floor
Boston, MA 02116
(617) 595-4400
|
Jeffrey R. Katz, Esq.
Ropes & Gray LLP
Prudential Tower
800 Boylston Street
Boston, MA 02199
(617) 951-7000
|
October 27, 2010
|
(Date of Event Which Requires Filing of This Statement)
|
1. |
NAME OF REPORTING PERSON: Costa Brava Partnership III L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 04-3387028
|
|||
2.
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) o
(b) x
|
||
3.
|
SEC USE ONLY
|
|||
4.
|
SOURCE OF FUNDS
Not Applicable
|
|||
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
Delaware
|
|||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH |
7.
|
SOLE VOTING POWER
405,172
|
|
|
8.
|
SHARED VOTING POWER
-0-
|
|
||
9.
|
SOLE DISPOSITIVE POWER
405,172
|
|
||
10.
|
SHARED DISPOSITIVE POWER
-0-
|
|
||
11.
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
405,172
|
|||
12.
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES
|
o
|
||
13.
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
12.7%*
|
|||
14.
|
TYPE OF REPORTING PERSON
PN
|
1. |
NAME OF REPORTING PERSON: Roark, Rearden & Hamot, LLC
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 10-0000708
|
|||
2.
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) o
(b) x
|
||
3.
|
SEC USE ONLY
|
|||
4.
|
SOURCE OF FUNDS
Not Applicable
|
|||
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
Delaware
|
|||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH |
7.
|
SOLE VOTING POWER
405,172
|
|
|
8.
|
SHARED VOTING POWER
-0-
|
|
||
9.
|
SOLE DISPOSITIVE POWER
405,172
|
|
||
10.
|
SHARED DISPOSITIVE POWER
-0-
|
|
||
11.
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
405,172
|
|||
12.
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES
|
o
|
||
13.
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
12.7%*
|
|||
14.
|
TYPE OF REPORTING PERSON
OO
|
1. |
NAME OF REPORTING PERSON: Seth W. Hamot
|
|||
2.
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) o
(b) x
|
||
3.
|
SEC USE ONLY
|
|||
4.
|
SOURCE OF FUNDS
Not Applicable
|
o
|
||
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
|
|||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH |
7.
|
SOLE VOTING POWER
405,172
|
|
|
8.
|
SHARED VOTING POWER
-0-
|
|
||
9.
|
SOLE DISPOSITIVE POWER
405,172
|
|
||
10.
|
SHARED DISPOSITIVE POWER
-0-
|
|
||
11.
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
405,172
|
|||
12.
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES
|
o
|
||
13.
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
12.7%*
|
|||
14.
|
TYPE OF REPORTING PERSON
IN, HC
|
COSTA BRAVA PARTNERSHIP III L.P.
|
||
By:
|
Roark, Rearden & Hamot, LLC, its General Partner
|
|
By:
|
/s/ Seth W. Hamot
|
|
Name: Seth W. Hamot
Title: President
|
||
ROARK, REARDEN & HAMOT, LLC
|
||
By:
|
/s/ Seth W. Hamot
|
|
Name: Seth W. Hamot
Title: President
|
||
SETH W. HAMOT
|
||
By:
|
/s/ Seth W. Hamot
|