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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
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(b)
(Amendment No. 1)*
HUDSON HIGHLAND GROUP, INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
443792106
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(CUSIP Number)
DECEMBER 31, 2006
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(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 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).
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CUSIP No. 443792106 SCHEDULE 13G Page 2 of 8
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1 Name of Reporting Person:
KENSICO CAPITAL MANAGEMENT CORPORATION
I.R.S. Identification Nos. of Above Persons (entities only)
13-4079277
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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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5 Sole Voting Power
Number of
1,700,591
Shares -------------------------------------------
6 Shared Voting Power
Beneficially
-0-
Owned by -------------------------------------------
7 Sole Dispositive Power
Each
1,700,591
Reporting Person -------------------------------------------
8 Shared Dispositive Power
With
-0-
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9 Aggregate Amount Beneficially Owned by Each Reporting Person:
1,700,591
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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):
6.9%
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12 Type of Reporting Person:
CO
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CUSIP No. 443792106 SCHEDULE 13G Page 3 of 8
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1 Name of Reporting Person:
MICHAEL LOWENSTEIN
I.R.S. Identification Nos. of Above Persons (entities only)
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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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5 Sole Voting Power
Number of
1,700,591
Shares -------------------------------------------
6 Shared Voting Power
Beneficially
-0-
Owned by -------------------------------------------
7 Sole Dispositive Power
Each
1,700,591
Reporting Person -------------------------------------------
8 Shared Dispositive Power
With
-0-
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9 Aggregate Amount Beneficially Owned by Each Reporting Person:
1,700,591
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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):
6.9%
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12 Type of Reporting Person:
IN; HC
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CUSIP No. 443792106 SCHEDULE 13G Page 4 of 8
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1 Name of Reporting Person:
THOMAS J. COLEMAN
I.R.S. Identification Nos. of Above Persons (entities only)
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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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5 Sole Voting Power
Number of
1,700,591
Shares -------------------------------------------
6 Shared Voting Power
Beneficially
-0-
Owned by -------------------------------------------
7 Sole Dispositive Power
Each
1,700,591
Reporting Person -------------------------------------------
8 Shared Dispositive Power
With
-0-
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9 Aggregate Amount Beneficially Owned by Each Reporting Person:
1,700,591
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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):
6.9%
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12 Type of Reporting Person:
IN; HC
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CUSIP No. 443792106 SCHEDULE 13G Page 5 of 8
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Item 1(a). NAME OF ISSUER:
Hudson Highland Group, Inc. (the "Company")
Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
622 Third Avenue
New York, New York 10017
Item 2(a). NAME OF PERSONS FILING:
The Statement is filed on behalf of each of the following persons
(collectively, the "Reporting Persons"):
i) Kensico Capital Management Company ("Kensico Capital
Management");
ii) Michael Lowenstein ("Mr. Lowenstein"); and
iii) Thomas J. Coleman ("Mr. Coleman").
This statement relates to shares of Common Stock of the Company
held for the accounts of Kensico Partners, L.P., a Delaware
limited partnership ("Kensico Partners"), Kensico Associates,
L.P., a Delaware limited partnership ("Kensico Associates"), and
Kensico Offshore Fund, Ltd., a limited liability company
organized under the laws of the Cayman Islands, B.W.I. ("Kensico
Offshore" and, together with Kensico Partners and Kensico
Associates, the "Funds"). Kensico Capital Management serves as
investment manager to the Funds and, in such capacity, may be
deemed to have voting and dispositive power over the shares held
for the accounts of the Funds. Kensico Capital LLC, a Delaware
limited liability company ("Kensico Capital"), serves as General
Partner of the Funds, other than Kensico Offshore. Mr. Lowenstein
and Mr. Coleman serve as Co-Presidents of Kensico Capital
Management and are Managing Members of Kensico Capital.
Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE:
For each Reporting Person:
Michael Lowenstein
Kensico Capital Management Corporation
55 Railroad Avenue, 2nd Floor
Greenwich, Connecticut 06830
Item 2(c). CITIZENSHIP:
See row 4 of each Reporting Persons' cover page.
Item 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock
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CUSIP No. 443792106 SCHEDULE 13G Page 6 of 8
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Item 2(e). CUSIP NUMBER:
443792106
Item 3. Not applicable.
Item 4. OWNERSHIP.
For each Reporting Person:
(a) Amount beneficially owned:
As of December 31, 2006, each of Kensico Capital Management, Mr.
Lowenstein and Mr. Coleman may be deemed to be the beneficial
owner of the 1,700,591 shares of Common Stock held for the
accounts of the Funds. Kensico Partners owns beneficially 426,958
shares of Common Stock, Kensico Associates owns beneficially
582,098 shares of Common Stock and Kensico Offshore owns
beneficially 691,535 shares of Common Stock.
(b) Percent of class:
6.9% of the total outstanding shares of Common Stock, from
which Kensico Partners, Kensico Associates and Kensico
Offshore own 1.7%, 2.4% and 2.8%, respectively. This
percentage is based upon 24,708,394 shares of Common Stock
issued and outstanding (the number of shares of Common
Stock reported in the Company's Form 10-Q filed November 8,
2006).
(c) Number of shares to which each Reporting Person has:
(i) Sole power to vote or direct the vote: 1,700,591
(ii) Shared power to vote or direct the vote: -0-
(iii) Sole power to dispose or to direct the
disposition of: 1,700,591
(iv) Shared power to dispose of or direct the
disposition of: -0-
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.
(i) The partners of Kensico Partners have the right to
participate in the receipt of dividends from, the proceeds from
the sale of, the shares held by Kensico Partners in accordance
with their partnership interests in Kensico Partners.
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CUSIP No. 443792106 SCHEDULE 13G Page 7 of 8
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ii) The partners of Kensico Associates have the right to
participate in the receipt of dividends from, or proceeds from
the sale of, the shares held by Kensico Associates in accordance
with the partnership of Kensico Associates.
iii) The shareholders of Kensico Offshore have the right to
participate in the receipt of dividends from, or proceeds from
the sale of, the shares held by Kensico Offshore in accordance
with their ownership interests of Kensico Offshore.
Item 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED 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 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.
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CUSIP No. 443792106 SCHEDULE 13G Page 8 of 8
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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, 2007
KENSICO CAPITAL MANAGEMENT CORPORATION
BY: /s/ Michael Lowenstein
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Signature
Michael Lowenstein, Authorized Signatory
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Name/Title
MICHAEL LOWENSTEIN
/s/ Michael Lowenstein
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Signature
THOMAS J. COLEMAN
/s/ Thomas J. Coleman
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Signature