UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT TO RULES 13d-1(b);(c); AND (d) AND AMENDMENTS THERETO
FILED PURSUANT TO RULE 13d-2
(Amendment No. 1)*
REUNION INDUSTRIES, INC.
------------------------
(Name of Issuer)
Common Stock
------------------------------
(Title of Class of Securities)
761312-10-7
--------------
(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 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).
SCHEDULE 13G
CUSIP NO. 761312-10-7 Page 2 of 15
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
LC Capital Master Fund, Ltd.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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NUMBER OF 5 SOLE VOTING POWER
SHARES 0
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 1,730,500
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
--------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 1,730,500
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,730,500
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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)
9.5%
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12 TYPE OF REPORTING PERSON
CO
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SCHEDULE 13G
CUSIP NO. 761312-10-7 Page 3 of 15
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
LC Capital Partners, LP
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 5 SOLE VOTING POWER
SHARES 0
--------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 1,730,500
--------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
--------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 1,730,500
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,730,500
-----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.5%
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12 TYPE OF REPORTING PERSON
PN, HC
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SCHEDULE 13G
CUSIP NO. 761312-10-7 Page 4 of 15
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
LC Capital Advisors LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-----------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
--------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 1,730,500
--------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
--------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 1,730,500
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,730,500
-----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.5%
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12 TYPE OF REPORTING PERSON
OO, HC
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SCHEDULE 13G
CUSIP NO. 761312-10-7 Page 5 of 15
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
Lampe, Conway & Co., LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-----------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
--------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 1,730,500
--------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
--------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 1,730,500
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,730,500
-----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.5%
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12 TYPE OF REPORTING PERSON
OO, IV
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SCHEDULE 13G
CUSIP NO. 761312-10-7 Page 6 of 15
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
LC Capital International LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-----------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
--------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 1,730,500
--------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
--------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 1,730,500
-----------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,730,500
-----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.5%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
OO, IA
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SCHEDULE 13G
CUSIP NO. 761312-10-7 Page 7 of 15
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
Steven G. Lampe
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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NUMBER OF 5 SOLE VOTING POWER
SHARES 0
--------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 1,730,500
--------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
--------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 1,730,500
-----------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,730,500
-----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.5%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
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SCHEDULE 13G
CUSIP NO. 761312-10-7 Page 8 of 15
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
Richard F. Conway
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
-----------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
--------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 1,730,500
--------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
--------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 1,730,500
-----------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,730,500
-----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.5%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
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SCHEDULE 13G
CUSIP NO. 761312-10-7 Page 9 of 15
Item 1(a). Name of Issuer:
Reunion Industries, Inc. (hereinafter, the "Issuer")
Item 1(b). Address of Issuer's Principal Executive Offices:
11 Stanwix Street, Suite 1400
Pittsburgh, Pennsylvania 15222
Items 2(a),
(b) and (c). Name of Persons Filing, Address of Principal Business Office and
Citizenship:
Item 2(a) Name of Person Filing:
Item 2(a) Name of Person Filing:
Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of
1934, as amended, this Amendment to Schedule 13G is filed on
behalf of each of the reporting persons indicated in Item 1 of
each of the cover pages of this Amendment to Schedule 13G. The
information required by this paragraph is set forth in Item 1 of
each of the cover pages of this Amendment to Schedule 13G and is
incorporated herein by reference.
Item 2(b) Address of Principal Business Office or, if none, Residence:
The information required by this paragraph is set forth on Annex
A attached hereto and is incorporated herein by reference.
Item 2 (c) Citizenship:
The information required by this paragraph is set forth in Item 4
of each of the cover pages of this Amendment to Schedule 13G and
is incorporated herein by reference.
Item 2(d). Title of Class of Securities:
Common Stock, par value $0.01 per share, of the Issuer (the
"Common Stock")
Item 2(e). CUSIP Number:
761312-10-7
Item 3. Not applicable
SCHEDULE 13G
CUSIP NO. 761312-10-7 Page 10 of 15
Item 4. Ownership.
(a) Amount beneficially owned:
The information required by this paragraph is set forth in
Item 9 of each of the cover pages of this Amendment to
Schedule 13G and is incorporated herein by reference.
LC Capital Master Fund, Ltd. (the "Master Fund") has direct
beneficial ownership of 93,000 shares of the Issuer's Common
Stock and owns currently exerciseable warrants to purchase
1,637,500 shares of Common Stock (all of the foregoing
shares being collectively referred to herein as the
"Shares").
LC Capital Partners, LP ("Partners") may be deemed to
control the Master Fund by virtue of Partners' ownership of
approximately 54.31% of the outstanding shares of the Master
Fund. Accordingly, Partners may be deemed to have a
beneficial interest in the Shares. In addition, since LC
Capital Advisors LLC ("Advisors") is the sole general
partner of Partners, Advisors may also be deemed to have a
beneficial interest in the Shares. Each of Partners and
Advisors disclaims beneficial ownership of the Shares except
to the extent of their respective beneficial interests, if
any, therein.
Lampe, Conway & Co. LLC ("LC&C") acts as investment manager
to Partners and the Master Fund pursuant to certain
investment management agreements. Since LC&C shares voting
and dispositive power over the Shares by virtue of the
aforementioned investment management agreements, LC&C may be
deemed to have a beneficial interest in the Shares. LC&C
disclaims beneficial ownership of the Shares except to the
extent of its beneficial interest, if any, therein.
LC Capital International LLC ("International") acts as
investment advisor to the Master Fund pursuant to an
investment advisory agreement. Since International shares
voting and dispositive power over the Shares by virtue of
the aforementioned investment advisory agreement,
International may be deemed to have a beneficial interest in
the Shares. International disclaims beneficial ownership of
the Shares except to the extent of its beneficial interest,
if any, therein.
Steven G. Lampe ("Lampe") and Richard F. Conway ("Conway")
act as the sole managing members of each of Advisors, LC&C
and International and each of Lampe and Conway may be deemed
to control each such entity. Accordingly, each of Lampe and
Conway may be deemed to have a beneficial interest in the
Shares by virtue of Advisors' indirect deemed control of the
Master Fund, LC&C's power to vote and/or dispose of the
Shares and International's power to vote and/or dispose of
the Shares. Each of Lampe and Conway disclaims beneficial
ownership of the Shares except to the extent of their
respective beneficial interests, if any, therein.
SCHEDULE 13G
CUSIP NO. 761312-10-7 Page 11 of 15
(b) Percent of class:
The information required by this paragraph is set forth in
Item 11 of each of the cover pages of this Amendment to
Schedule 13G and is incorporated herein by reference. Such
information is based upon 16,656,519 shares of Common Stock
outstanding as of November 1, 2005, as reported in the
Issuer's Quarterly Report on Form 10-Q filed with the
Securities and Exchange Commission on November 14, 2005. The
information in Item 4(a) above is incorporated herein by
reference.
(c) Number of shares as to which the person has:
(i) Sole power to vote or direct the vote:
The information required by this subparagraph is set
forth in Item 5 of each of the cover pages of this
Amendment to Schedule 13G and is incorporated herein
by reference. In addition, the information in Item
4(a) above is incorporated herein by reference
(ii) Shared power to vote or direct the vote:
The information required by this subparagraph is set
forth in Item 6 of each of the cover pages of this
Amendment to Schedule 13G and is incorporated herein
by reference. In addition, the information in Item
4(a) above is incorporated herein by reference.
(iii) Sole power to dispose or to direct the disposition of:
The information required by this subparagraph is set
forth in Item 7 of each of the cover pages of this
Amendment to Schedule 13G and is incorporated herein
by reference. In addition, the information in Item
4(a) above is incorporated herein by reference.
(iv) Shared power to dispose of or direct the disposition
of:
The information required by this subparagraph is set
forth in Item 8 of each of the cover pages of this
Amendment to Schedule 13G and is incorporated herein
by reference. In addition, the information in Item
4(a) above is incorporated herein by reference.
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable
SCHEDULE 13G
CUSIP NO. 761312-10-7 Page 12 of 15
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not Applicable
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported By the Parent Holding
Company.
The Master Fund directly acquired all of the Shares beneficially
owned by it and being reported on by Partners and Advisors.
Partners directly hold approximately 54.31% of the outstanding
shares of the Master Fund and may be deemed to control the Master
Fund. Advisors is the sole general partner of Partners and may
also be deemed to control the Master Fund.
Item 8. Identification and Classification of Members of the Group.
Not applicable
Item 9. Notice of Dissolution of a Group.
Not applicable
Item 10. Certification.
By signing below I certify that, to the best of my 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.
SCHEDULE 13G
CUSIP NO. 761312-10-7 Page 13 of 15
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.
Date: February 10, 2006 LC Capital Master Fund, Ltd.
By: /s/ Richard F. Conway
-------------------------------
Name: Richard F. Conway
Title: Director
Date: February 10, 2006 LC Capital Partners, LP
By: LC Capital Advisors LLC,
its General Partner
By: /s/ Richard F. Conway
-------------------------------
Name: Richard F. Conway
Title: Managing Member
Date: February 10, 2006 LC Capital Advisors LLC
By: /s/ Richard F. Conway
-------------------------------
Name: Richard F. Conway
Title: Managing Member
Date: February 10, 2006 Lampe, Conway & Co. LLC
By: /s/ Richard F. Conway
-------------------------------
Name: Richard F. Conway
Title: Managing Member
Date: February 10, 2006 LC Capital International LLC
By: /s/ Richard F. Conway
-------------------------------
Name: Richard F. Conway
Title: Managing Member
SCHEDULE 13G
CUSIP NO. 761312-10-7 Page 14 of 15
Date: February 10, 2006 /s/ Steven G. Lampe
-------------------------------
Steven G. Lampe
Date: February 10, 2006 /s/ Richard F. Conway
-------------------------------
Richard F. Conway
SCHEDULE 13G
CUSIP NO. 761312-10-7 Page 15 of 15
ANNEX A
Address of Principal Business Office or, if none, Residence
LC Capital Master Fund, Ltd.
c/o Trident Fund Services (B.V.I.) Limited
P.O. Box 146
Waterfront Drive
Wickhams Cay
Road Town, Tortola
British Virgin Islands
LC Capital Partners, LP
680 Fifth Avenue, Suite 1202
New York, NY 10019
LC Capital Advisors LLC
680 Fifth Avenue, Suite 1202
New York, NY 10019
Lampe, Conway & Co. LLC
680 Fifth Avenue, Suite 1202
New York, NY 10019
LC Capital International LLC
680 Fifth Avenue, Suite 1202
New York, NY 10019
Steven G. Lampe
680 Fifth Avenue, Suite 1202
New York, NY 10019
Richard F. Conway
680 Fifth Avenue, Suite 1202
New York, NY 10019
Exhibit 1
Agreement of Joint Filing
In accordance with Rule 13d-1(k)(1), promulgated under the Securities
Exchange Act of 1934, as amended, each of the undersigned hereby agrees to the
joint filing on behalf of each of them of an Amendment to Statement on Schedule
13G, and any amendments thereto, with respect to the Common Stock of Reunion
Industries, Inc. and that this Agreement may be included as an Exhibit to such
filing.
This Agreement may be executed in any number of counterparts, each of which
shall be deemed to be an original and all of which together shall be deemed to
constitute one and the same Agreement.
IN WITNESS WHEREOF, each of the undersigned hereby executes this Agreement
as of February 10, 2006.
LC Capital Master Fund, Ltd.
By: /s/ Richard F. Conway
-------------------------------
Name: Richard F. Conway
Title: Director
LC Capital Partners, LP
By: LC Capital Advisors LLC,
its General Partner
By: /s/ Richard F. Conway
-------------------------------
Name: Richard F. Conway
Title: Managing Member
LC Capital Advisors LLC
By: /s/ Richard F. Conway
-------------------------------
Name: Richard F. Conway
Title: Managing Member
Lampe, Conway & Co. LLC
By: /s/ Richard F. Conway
-------------------------------
Name: Richard F. Conway
Title: Managing Member
LC Capital International LLC
By: /s/ Richard F. Conway
-------------------------------
Name: Richard F. Conway
Title: Managing Member
/s/ Steven G. Lampe
-------------------------------
Steven G. Lampe
/s/ Richard F. Conway
-------------------------------
Richard F. Conway