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CUSIP No. 00185E106 Page 1 of 15 Pages
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
-----------------------------------------
(Amendment No. 1)
APAC Customer Services, Inc.
------------------------------
(Name of Issuer)
Common Stock
------------------------------
(Title of Class of Securities)
00185E106
--------------
(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:
[x] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
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.
Page 1 of 15 Pages
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CUSIP No. 00185E106 Page 2 of 15 Pages
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--------- --------------------------------------------------------------
NAME OF REPORTING PERSON
1 SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sidus Investment Partners, L.P.
Tax I.D.#:13-4100882
--------- --------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
2 (b) [ ]
--------- --------------------------------------------------------------
SEC USE ONLY
3
--------- --------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
DELAWARE
----------------------- ------------------------------------------------
SOLE VOTING POWER
5
0
NUMBER OF SHARES
BENEFICIALLY OWNED BY -------------------------------------------------
EACH REPORTING PERSON
WITH 6 SHARED VOTING POWER
3,042,600
------------------------------------------------
SOLE DISPOSITIVE POWER
7
0
------------------------------------------------
SHARED DISPOSITIVE POWER
8
3,042,600
------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6.15%
------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.15%
------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
------------------------------------------------------------------------
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CUSIP No. 00185E106 Page 3 of 15 Pages
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------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sidus Investments, Ltd.
------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
2 (b) [ ]
------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
CAYMAN ISLANDS
------------------------------------------------------------------------
SOLE VOTING POWER
5
0
NUMBER OF SHARES
BENEFICIALLY OWNED BY -------------------------------------------------
EACH REPORTING PERSON
WITH 6 SHARED VOTING POWER
3,042,600
------------------------------------------------
SOLE DISPOSITIVE POWER
7
0
------------------------------------------------
SHARED DISPOSITIVE POWER
8
3,042,600
------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6.15%
------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.15%
------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
OO
------------------------------------------------------------------------
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CUSIP No. 00185E106 Page 4 of 15 Pages
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--------- --------------------------------------------------------------
NAME OF REPORTING PERSON
1 SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sidus Investment Management, LLC(1)
13-4099498
--------- --------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
2 (b) [ ]
--------- --------------------------------------------------------------
SEC USE ONLY
3
--------- --------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
DELAWARE
----------------------- ------------------------------------------------
SOLE VOTING POWER
5
0
NUMBER OF SHARES
BENEFICIALLY OWNED BY -------------------------------------------------
EACH REPORTING PERSON
WITH 6 SHARED VOTING POWER
3,042,600
------------------------------------------------
SOLE DISPOSITIVE POWER
7
0
------------------------------------------------
SHARED DISPOSITIVE POWER
8
3,042,600
------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6.15%
------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.15%
------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IA
------------------------------------------------------------------------
-------------------
1 Sidus Investment Management, LLC beneficially owns less than 5% of the
Common Stock of APAC Customer Services, Inc. for the benefit of a
managed account advised by Sidus Investment Management, LLC.
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CUSIP No. 00185E106 Page 5 of 15 Pages
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------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Al Tobia
------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
2 (b) [ ]
------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
UNITED STATES
------------------------------------------------------------------------
SOLE VOTING POWER
5
0
NUMBER OF SHARES
BENEFICIALLY OWNED BY -------------------------------------------------
EACH REPORTING PERSON
WITH 6 SHARED VOTING POWER
3,042,600
------------------------------------------------
SOLE DISPOSITIVE POWER
7
0
------------------------------------------------
SHARED DISPOSITIVE POWER
8
3,042,600
------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6.15%
------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.15%
------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
------------------------------------------------------------------------
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CUSIP No. 00185E106 Page 6 of 15 Pages
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--------- --------------------------------------------------------------
NAME OF REPORTING PERSON
1 SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Mike Barone
--------- --------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
2 (b) [ ]
--------- --------------------------------------------------------------
SEC USE ONLY
3
--------- --------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
----------------------- ------------------------------------------------
SOLE VOTING POWER
5
0
NUMBER OF SHARES
BENEFICIALLY OWNED BY -------------------------------------------------
EACH REPORTING PERSON
WITH 6 SHARED VOTING POWER
3,042,600
------------------------------------------------
SOLE DISPOSITIVE POWER
7
0
------------------------------------------------
SHARED DISPOSITIVE POWER
8
3,042,600
------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6.15%
------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.15%
------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
------------------------------------------------------------------------
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CUSIP No. 00185E106 Page 7 of 15 Pages
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ITEM 1. (a). Name of Issuer: APAC CUSTOMER SERVICES, INC.
(b). Address of Issuer's Principal Executive Offices:
Six Parkway North
Deerfield, IL 60015
ITEM 2. (a). Name of Persons Filing:
This Statement is being filed jointly by (i) Sidus Investment Partners,
L.P., a Delaware limited partnership ("Sidus Partners"); (ii) Sidus Investments
Ltd., a Cayman Islands exempted corporation, ("Sidus Investments"); (iii) Sidus
Investment Management, LLC, a Delaware limited liability company, which serves
as investment manager to Sidus Partners, Sidus Investments, and a certain
managed account which is a beneficial owner of shares (the "Manager"); (iv)
Messrs. Al Tobia and Mike Barone, who serves as the managing members of the
Manager. Sidus Partners, Sidus Investments, the Manager, and Messrs. Tobia and
Barone are sometimes also referred to herein individually as a "Reporting
Person" and collectively as "Reporting Persons".
(b). Address of Principal Business Office for Each of the
Above:
(i) Sidus Investment Partners, L.P. -- The address of Sidus
Partners' principal business office is 767 Third Avenue, 15th Floor, New York,
New York, 10017.
(ii) Sidus Investments, Ltd. -- The address of Sidus Investments'
principal business office is 767 Third Avenue, 15th Floor, New York, New York,
10017.
(iii) Sidus Investment Management, LLC -- The address of the
Manager's principal business office is 767 Third Avenue, 15th Floor, New York,
New York, 10017.
(iv) Al Tobia -- Mr. Al Tobia's principal business office is
767 Third Avenue, 15th Floor, New York, New York, 10017.
(v) Mike Barone -- Mr. Mike Barone's principal business
office is 767 Third Avenue, 15th Floor, New York, New York, 10017
(c). Citizenship or Place of Organization:
Sidus Partners and the Manager are organized under the laws of the
State of Delaware. Sidus Investments is an exempted company incorporated under
the laws of the Cayman Islands. Messrs. Tobia and Barone are citizens of the
United States.
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CUSIP No. 00185E106 Page 8 of 15 Pages
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(d). Title of Class of Securities: Common Stock
(e). CUSIP Number: 00185E106
ITEM 3. If this Statement is Filed Pursuant to Rules 13d-1(b) or 13d-2(b) or
(c), Check Whether the Person Filing is a:
(a) [ ] Broker or dealer registered under Section 15 of the Exchange
Act;
(b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act;
(c) [ ] Insurance company as defined in Section 3(a)(19) of the
Exchange Act;
(d) [ ] Investment company registered under Section 8 of the
Investment Company Act;
(e) [X] An investment adviser in accordance with
Rule 13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G);
(h) [ ] A savings associations as defined in Section 3(b) of the
Federal Deposit Insurance Act;
(i) [ ] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act of 1940;
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
ITEM 4. Ownership.
(a). Amount beneficially owned:
(i) Sidus Investment Partners, L.P. 3,042,600
(ii) Sidus Investments, Ltd. 3,042,600
(iii) Sidus Investment Management, LLC(2) 3,042,600
(iv) Al Tobia(3) 3,042,600
----------------
2 Sidus Investment Management, LLC is the investment manager of Sidus
Investment Partners, L.P. and Sidus Investments, Ltd., subject to the
overall control of the managing members, Al Tobia and Mike Barone, and
thus could be deemed to share the power to vote and dispose
or direct the disposition of such Shares.
3 Al Tobia is a managing member of Sidus Investment Management, LLC, and thus
could be deemed to share the power to vote and dispose or direct the
disposition of such Shares.
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CUSIP No. 00185E106 Page 9 of 15 Pages
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(v) Mike Barone(4) 3,042,600
(b). Percentage of class:
(i) Sidus Investment Partners, L.P. 6.15%
(ii) Sidus Investments, Ltd. 6.15%
(iii) Sidus Investment Management, LLC(5) 6.15%
(iv) Al Tobia(6) 6.15%
(v) Mike Barone(7) 6.15%
(c). Number of shares as to which such person has:
(1) Sole power to vote or to direct the vote:
(i) Sidus Investment Partners, L.P. 0
(ii) Sidus Investments, Ltd. 0
(iii) Sidus Investment Management, LLC(8) 0
(iv) Al Tobia(9) 0
----------------
4 Mike Barone is a managing member of Sidus Investment Management, LLC,
and thus could be deemed to share the power to vote and dispose or direct
the disposition of such Shares.
5 Sidus Investment Management, LLC is the investment manager of Sidus
Investment Partners, L.P. and Sidus Investments, Ltd., subject to the
overall control of the managing members, Al Tobia and Mike Barone, and
thus could be deemed to share the power to vote and dispose
or direct the disposition of such Shares.
6 Al Tobia is a managing member of Sidus Investment Management,
LLC, and thus could be deemed to share the power to vote and dispose or
direct the disposition of such Shares.
7 Mike Barone is a managing member of Sidus Investment Management,
LLC, and thus could be deemed to share the power to vote and dispose or
direct the disposition of such Shares.
8 Sidus Investment Management, LLC is the investment manager of Sidus
Investment Partners, L.P. and Sidus Investments, Ltd., subject to the
overall control of the managing members, Al Tobia and
Mike Barone, and thus could be deemed to share the power to vote
and dispose or direct the disposition of such Shares.
9 Al Tobia is a managing member of Sidus Investment Management, LLC, and
thus could be deemed to share the power to vote and dispose or direct
the disposition of such Shares.
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CUSIP No. 00185E106 Page 10 of 15 Pages
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(v) Mike Barone(10) 0
(2) Shared power to vote or to direct the vote:
(i) Sidus Investment Partners, L.P. 3,042,600
(ii) Sidus Investments, Ltd. 3,042,600
(iii) Sidus Investment Management, LLC 3,042,600
(iv) Al Tobia 3,042,600
(v) Mike Barone 3,042,600
(3) Sole power to dispose or to direct the disposition of:
(i) Sidus Investment Partners, L.P. 0
(ii) Sidus Investments, Ltd. 0
(iii) Sidus Investment Management, LLC(11) 0
(iv) Al Tobia(12) 0
(v) Mike Barone(13) 0
----------------
10 Mike Barone is a managing member of Sidus Investment Management,
LLC, and thus could be deemed to share the power to vote and dispose or
direct the disposition of such Shares.
11 Sidus Investment Management, LLC is the investment manager of Sidus
Investment Partners, L.P. and Sidus Investments, Ltd., subject to the
overall control of the managing members, Al Tobia and
Mike Barone, and thus could be deemed to share the power to vote
and dispose or direct the disposition of such Shares.
12 Al Tobia is a managing member of Sidus Investment Management, LLC, and
thus could be deemed to share the power to vote and dispose or direct
the disposition of such Shares.
13 Mike Barone is a managing member of Sidus Investment Management,
LLC, and thus could be deemed to share the power to vote and dispose or
direct the disposition of such Shares.
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CUSIP No. 00185E106 Page 11 of 15 Pages
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(4) Shared power to dispose or to direct the disposition of:
(i) Sidus Investment Partners, L.P. 3,042,600
(ii) Sidus Investments, Ltd. 3,042,600
(iii) Sidus Investment Management, LLC 3,042,600
(iv) Al Tobia 3,042,600
(v) Mike Barone 3,042,600
ITEM 5. Ownership of Five Percent or Less of a Class:
Not Applicable.
ITEM 6. Ownership of More than Five Percent on Behalf of Another Person:
The Shares owned by Sidus Partners, Sidus Investments, the
Manager, and Messrs. Al Tobia and Mike Barone are beneficially owned by
Sidus Partners, Sidus Investments, and the Manager (on behalf of a
certain managed account advised by the Manager). Sidus Partners, Sidus
Investments, the Manager, and Messrs. Al Tobia and Mike Barone
individually beneficially own less than 5% of the Shares. Each of Sidus
Partners, Sidus Investments, the Manager, and Messrs. Al Tobia and Mike
Barone may be deemed to possess the power to vote and dispose or direct
the disposition of the Shares.
ITEM 7. Identification and Classification of Subsidiaries which Acquired
the Security Being Reported on by the Parent Holding Company:
Not Applicable.
ITEM 8. Identification and Classification of Members of the Group:
See Item 2.
ITEM 9. Notice of Dissolution of Group:
Not Applicable.
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CUSIP No. 00185E106 Page 12 of 15 Pages
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Item 10. Certification:
By signing below, I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held in the
ordinary course of business and 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.
SIGNATURES
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.
SIDUS INVESTMENT PARTNERS, L.P.
Date: January 30, 2006 By: /s/ Al Tobia
----------------------------------
Al Tobia, managing member of Sidus
Investment Management, LLC,
the investment manager
By: /s/ Mike Barone
-------------------------------------
Mike Barone, managing member of Sidus
Investment Management, LLC,
the investment manager
SIDUS INVESTMENTS, LTD.
Date: January 30, 2006 By: /s/ Al Tobia
----------------------------------
Al Tobia, managing member of Sidus
Investment Management, LLC,
the investment manager
By: /s/ Mike Barone
-------------------------------------
Mike Barone, managing member of Sidus
Investment Management, LLC,
the investment manager
SIDUS INVESTMENT MANAGEMENT, LLC
Date: January 30, 2006 By: /s/ Al Tobia
-------------------------
Al Tobia, managing member
By: /s/ Mike Barone
----------------------------
Mike Barone, managing member
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CUSIP No. 00185E106 Page 13 of 15 Pages
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AL TOBIA
Date: January 30, 2006 By: /s/ Al Tobia
--------------------
MIKE BARONE
Date: January 30, 2006 By: /s/ Mike Barone
--------------------
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CUSIP No. 00185E106 Page 14 of 15 Pages
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EXHIBIT 1 -- AGREEMENT OF JOINT FILING
In accordance with Rule 13d-1(k) under the Securities Exchange Act
of 1934, as amended, the undersigned hereby agrees that the foregoing statement
on Schedule 13G/A, is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13G, shall be filed on
behalf of each of the undersigned without the necessity of filing additional
joint acquisition statements. The undersigned acknowledge that each shall be
responsible for the timely filing of such amendments, and for the completeness
and accuracy of the information concerning him or it contained therein, but
shall not be responsible for the completeness and accuracy of information
concerning the others, except to the extent that he or it knows or has reason to
believe that such information is inaccurate.
IN WITNESS WHEREOF, the undersigned hereby execute this Agreement
on the 30th day of January, 2006.
SIDUS INVESTMENT PARTNERS, L.P.
Date: January 30, 2006 By: /s/ Al Tobia
----------------------------------
Al Tobia, managing member of Sidus
Investment Management, LLC,
the investment manager
By: /s/ Mike Barone
-------------------------------------
Mike Barone, managing member of Sidus
Investment Management, LLC,
the investment manager
SIDUS INVESTMENTS, LTD.
Date: January 30, 2006 By: /s/ Al Tobia
----------------------------------
Al Tobia, managing member of Sidus
Investment Management, LLC,
the investment manager
By: /s/ Mike Barone
-------------------------------------
Mike Barone, managing member of Sidus
Investment Management, LLC,
the investment manager
SIDUS INVESTMENT MANAGEMENT, LLC
Date: January 30, 2006 By: /s/ Al Tobia
-------------------------
Al Tobia, managing member
By: /s/ Mike Barone
----------------------------
Mike Barone, managing member
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CUSIP No. 00185E106 Page 15 of 15 Pages
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AL TOBIA
Date: January 30, 2006 By: /s/ Al Tobia
------------------------
MIKE BARONE
Date: January 30, 2006 By: /s/ Mike Barone
------------------------