SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
----------
SCHEDULE 13D/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)*
TRIAD HOSPITALS, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.01 PER SHARE
(Title of Class of Securities)
89579K109
-------------------------
(CUSIP Number)
Mary A. Lee
TPG-Axon Capital Management, L.P.
888 Seventh Avenue, 38th Floor
New York, New York 10019
(212) 479-2000
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
NOVEMBER 30, 2006
-------------------------
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box. [ ]
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss.240.13d-7 for other
parties to whom copies are to be sent.
* 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
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).
(Continued on following pages)
(Page 1 of 18 Pages)
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CUSIP NO. 89579K109 SCHEDULE 13D/A Page 2 of 17 Pages
------------------- -------------- ------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
TPG-Axon GP, LLC
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) |X|
(B) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e).
N/A
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
0
------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
6,480,500
------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING ------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 6,480,500
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,480,500
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.4%*
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
* All percentage ownership reported in this Schedule 13D/A is based on
88,020,293 shares of Common Stock issued and outstanding as of October 31, 2006,
as reported by the Issuer (as defined below) in its Quarterly Report on Form
10-Q for the quarterly period ended September 30, 2006 filed with the Securities
and Exchange Commission on November 7, 2006.
------------------- -------------- ------------------
CUSIP NO. 89579K109 SCHEDULE 13D/A Page 3 of 17 Pages
------------------- -------------- ------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
TPG-Axon Partners GP, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) |X|
(B) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e).
N/A
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
0
------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
2,233,866
------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING ------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 2,233,866
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,233,866
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.5%*
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
------------------- -------------- ------------------
CUSIP NO. 89579K109 SCHEDULE 13D/A Page 4 of 17 Pages
------------------- -------------- ------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
TPG-Axon Partners, LP
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) |X|
(B) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e).
N/A
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
0
------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
2,233,866
------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING ------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 2,233,866
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,233,866
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.5%*
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
------------------- -------------- ------------------
CUSIP NO. 89579K109 SCHEDULE 13D/A Page 5 of 17 Pages
------------------- -------------- ------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
TPG-Axon Capital Management, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) |X|
(B) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e).
N/A
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
0
------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
6,480,500
------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING -----------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 6,480,500
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,480,500
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.4%*
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
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CUSIP NO. 89579K109 SCHEDULE 13D/A Page 6 of 17 Pages
------------------- -------------- ------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
TPG-Axon Partners (Offshore), Ltd.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) |X|
(B) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e).
N/A
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands, BWI
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
0
------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
4,246,634
------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING ------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 4,246,634
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,246,634
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.8%*
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
------------------- -------------- ------------------
CUSIP NO. 89579K109 SCHEDULE 13D/A Page 7 of 17 Pages
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--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Dinakar Singh LLC
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) |X|
(B) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e).
N/A
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
0
------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
6,480,500
------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING ------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 6,480,500
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,480,500
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.4%*
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
------------------- -------------- ------------------
CUSIP NO. 89579K109 SCHEDULE 13D/A Page 8 of 17 Pages
------------------- -------------- ------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Dinakar Singh
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) |X|
(B) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e).
N/A
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
0
------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
6,480,500
------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING ------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 6,480,500
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,480,500
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.4%*
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
------------------- -------------- ------------------
CUSIP NO. 89579K109 SCHEDULE 13D/A Page 9 of 17 Pages
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Pursuant to Rule 13d-2 promulgated under the Act, this Schedule 13D/A (this
"Amendment No. 2") amends the Schedule 13D originally filed on November 1, 2006
(File Number 005-56393) (the "Schedule 13D"), as previously amended by Amendment
No. 1 thereto on November 17, 2006. This Amendment No. 2 is being filed by
TPG-Axon GP, LLC ("GPLLC"), TPG-Axon Partners GP, L.P. ("PartnersGP"), TPG-Axon
Partners, LP ("TPG-Axon Domestic"), TPG-Axon Capital Management, L.P. ("TPG-Axon
Management"), TPG-Axon Partners (Offshore), Ltd. ("TPG-Axon Offshore"), Dinakar
Singh LLC ("Singh LLC") and Dinakar Singh ("Mr. Singh"). The foregoing persons
are sometimes collectively referred to herein as the "Reporting Persons." Any
disclosures herein with respect to persons other than the Reporting Persons are
made on information and belief of the Reporting Persons. This Amendment No. 2
relates to the Common Stock, par value $0.01 per share (the "Common Stock"), of
Triad Hospitals, Inc., a Delaware corporation (the "Issuer"). References herein
to the "Shares" are to the shares of Common Stock of the Issuer being reported
herein by the Reporting Persons.
The Reporting Persons are making a single, joint filing because they may be
deemed to constitute a "group" within the meaning of Section 13(d)(3) of the
Act. The agreement among the Reporting Persons to file jointly (the "Joint
Filing Agreement") is attached hereto as Exhibit 1.
TPG-Axon Management, as investment manager to TPG-Axon Domestic and
TPG-Axon Offshore, has the power to direct the disposition and voting of the
Shares held by TPG-Axon Domestic and TPG-Axon Offshore. PartnersGP is the
general partner of TPG-Axon Domestic. GPLLC is the general partner of PartnersGP
and TPG-Axon Management. Singh LLC is a Managing Member of GPLLC. Mr. Singh, an
individual, is the Managing Member of Singh LLC and in such capacity may be
deemed to control Singh LLC, GPLLC and TPG-Axon Management, and therefore may be
deemed the beneficial owner of the securities held by TPG-Axon Domestic and
TPG-Axon Offshore. Mr. Singh and Eric Mandelblatt ("Mr. Mandelblatt") are
Co-Chief Executive Officers of TPG-Axon Management.
Each of Singh LLC, GPLLC, PartnersGP, Mr. Singh and Mr. Mandelblatt
disclaims beneficial ownership of all of the shares of Common Stock reported in
this Amendment No. 2.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Item 3 of the Schedule 13D is hereby amended and restated as follows:
TPG-Axon Offshore has purchased 4,246,634 Shares, using its investment
capital and margin accounts in the ordinary course of business, for a total
purchase price of approximately $178,147,511. TPG-Axon Domestic has purchased
2,233,866 Shares, using its investment capital and margin accounts in the
ordinary course of business, for a total purchase price of approximately
$93,703,848.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 of the Schedule 13D is hereby amended and restated as follows:
(a) The Reporting Persons may be deemed to beneficially own, in the
aggregate, 6,480,500 Shares, representing approximately 7.4% of the Issuer's
outstanding Common Stock (based upon the 88,020,293 Shares stated to be
outstanding by the Issuer as of October 31, 2006, in the Issuer's Form 10-Q for
the period ending on September 30, 2006, filed with the Securities and Exchange
Commission on November 7, 2006). Each of Mr. Singh, Singh LLC, TPG-Axon
Management and GPLLC may be deemed to beneficially own 6,480,500 Shares.
TPG-Axon Offshore may be deemed to beneficially own 4,246,634 Shares. Each of
PartnersGP and TPG-Axon Domestic may be deemed to beneficially own 2,233,866
Shares. Each Reporting Person disclaims beneficial ownership of any of the
Shares other than as reported herein as being directly held by it.
(b) As of the date hereof, Mr. Singh, Singh LLC, TPG-Axon Management and
GPLLC have, directly or indirectly, the right to vote and dispose or direct the
disposition of, 6,480,500 Shares. TPG-Axon Offshore has, directly or indirectly,
the right to vote and dispose or direct the disposition of, 4,246,634 Shares.
Each of PartnersGP and TPG-Axon Domestic has, directly or indirectly, the right
to vote and dispose or direct the disposition of, 2,233,866 Shares. (The
percentages herein are based upon the 88,020,293 Shares stated to be outstanding
by the Issuer as of October 31, 2006, in the Issuer's Form 10-Q for the period
ending on September 30, 2006, filed with the Securities and Exchange Commission
on November 7, 2006).
(c) See Exhibit 3 attached hereto.
(d) Not applicable.
(e) Not applicable.
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CUSIP NO. 89579K109 SCHEDULE 13D/A Page 10 of 17 Pages
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ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Item 7 of the Schedule 13D is hereby amended and restated as follows:
Exhibit 1 -- Joint Filing Agreement, dated October 31, 2006, signed by each of
the Reporting Persons (previously filed on November 1, 2006 and incorporated by
reference herein).
Exhibit 2 -- Letter to the Issuer, dated November 16, 2006 (previously filed on
November 17, 2006 and incorporated by reference herein).
Exhibit 3 -- Table of Transactions.
------------------- -------------- -------------------
CUSIP NO. 89579K109 SCHEDULE 13D/A Page 11 of 17 Pages
------------------- -------------- -------------------
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: November 30, 2006
TPG-Axon GP, LLC
By: /s/ DINAKAR SINGH
------------------------------------
Dinakar Singh
Co-President
TPG-Axon Partners GP, L.P.
By: TPG-Axon GP, LLC, general partner
By: /s/ DINAKAR SINGH
------------------------------------
Dinakar Singh
Co-President
TPG-Axon Partners, LP
By: TPG-Axon Partners GP, L.P., general partner
By: TPG-Axon GP, LLC, general partner
By: /s/ DINAKAR SINGH
------------------------------------
Dinakar Singh
Co-President
TPG-Axon Capital Management, L.P.
By: TPG-Axon GP, LLC, general partner
By: /s/ DINAKAR SINGH
------------------------------------
Dinakar Singh
Co-President
------------------- -------------- -------------------
CUSIP NO. 89579K109 SCHEDULE 13D/A Page 12 of 17 Pages
------------------- -------------- -------------------
TPG-Axon Partners (Offshore), Ltd.
By: /s/ DINAKAR SINGH
------------------------------------
Dinakar Singh
Director
Dinakar Singh LLC
By: /s/ DINAKAR SINGH
------------------------------------
Dinakar Singh
Managing Member
/s/ DINAKAR SINGH
------------------------------------
Dinakar Singh
------------------- -------------- -------------------
CUSIP NO. 89579K109 SCHEDULE 13D/A Page 13 of 17 Pages
------------------- -------------- -------------------
LIST OF EXHIBITS
TO SCHEDULE 13D/A
1. Joint Filing Agreement, dated October 31, 2006, signed by each
of the Reporting Persons (previously filed on November 1, 2006 and
incorporated by reference herein).
2. Letter to the Issuer, dated November 16, 2006 (previously filed on
November 17, 2006 and incorporated by reference herein).
3. Table of Transactions.