UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934*
(Amendment No. )
Travelcenters of America, LLC
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(Name of Issuer)
Common Stock, no par value
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(Title of Class of Securities)
894174101
---------
(CUSIP Number)
April 1, 2008
-------------
(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 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. 894174101 13G Page 2 of 7 Pages
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1 NAME OF REPORTING PERSON
EagleRock Capital Management, LLC
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
04-2693383
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- ----- ----------------------------------------------------
5 SOLE VOTING POWER
892,195
----- ----------------------------------------------------
6 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED
BY EACH REPORTING ----- ----------------------------------------------------
PERSON WITH 7 SOLE DISPOSITIVE POWER
892,195
----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
892,195
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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)
6.2% (see Item 4)
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12 TYPE OF REPORTING PERSON*
00
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*SEE INSTRUCTION BEFORE FILLING OUT
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CUSIP No. 894174101 13G Page 3 of 7 Pages
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1 NAME OF REPORTING PERSON
Nader Tavakoli
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- ----- ----------------------------------------------------
5 SOLE VOTING POWER
1,376,277
----- ----------------------------------------------------
6 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED
BY EACH REPORTING ----- ----------------------------------------------------
PERSON WITH 7 SOLE DISPOSITIVE POWER
1,376,277
----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,376,277
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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% (see Item 4)
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT
SCHEDULE 13G
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This Schedule 13G is being filed on behalf of EagleRock Capital Management, LLC,
a Delaware limited liability company("EagleRock Capital") and Mr. Nader
Tavakoli, the principal of EagleRock Capital and the sole member and manager of
Mountain Special Situations Fund, LLC, a Delaware limited liability company
("Mountain Special"), relating to shares of common stock, no par value (the
"Common Stock"), of Travelcenters of America, LLC, a Delaware limited liability
company (the "Issuer").
Item 1(a) Name of Issuer:
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Travelcenters of America, LLC
Item 1(b) Address of Issuer's Principal Executive Offices:
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24601 Center Ridge Rd.
Westlake, OH 44145-5639
Items 2(a) Name of Person Filing:
---------------------
EagleRock Capital Management, LLC and Nader Tavakoli
Item 2(b) Address of Principal Business Office:
------------------------------------
24 West 40th St., 10th Floor
New York, NY 10018
Item 2(c) Citizenship:
-----------
EagleRock Capital is a limited liability company organized
under the laws of the state of Delaware. Nader Tavakoli is a
United States citizen.
Item 2(d) Title of Class of Securities:
----------------------------
Common Stock, no par value
Item 2(e) CUSIP Number:
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894174101
Item 3 Not Applicable
Item 4 Ownership:
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The percentages used herein are calculated based upon the
14,489,265 shares of Common Stock which the Issuer reported
outstanding as of
Page 4 of 7
March 14, 2008 on the Issuer's Annual Report on Form 10-K
filed with the Securities and Exchange Commission on March
31, 2008.
As of the close of business on April 10, 2008:
1. EagleRock Capital Management, LLC
(a) Amount beneficially owned: 892,195
(b) Percent of class: 6.2%
(c)(i) Sole power to vote or direct the vote: 892,195
(ii) Shared power to vote or direct the vote: -0-
(iii) Sole power to dispose or direct the disposition:
892,195
(iv) Shared power to dispose or direct the disposition:
-0-
2. Nader Tavakoli
(a) Amount beneficially owned: 1,376,277
(b) Percent of class: 9.5%
(c)(i) Sole power to vote or direct the vote: 1,376,2775
(ii) Shared power to vote or direct the vote: -0-
(iii) Sole power to dispose or direct the disposition:
1,376,277
(iv) Shared power to dispose or direct the disposition:
-0-
This Schedule 13G relates to Common Stock beneficially owned
by EagleRock Capital and Nader Tavakoli. EagleRock Capital
is the investment manager of EagleRock Master Fund, LP, a
limited partnership existing under the laws of the Cayman
Islands ("ERMF") and EagleRock Institutional Partners, LP, a
Delaware limited partnership ("ERIP"). Mr. Tavakoli, as the
manager of EagleRock Capital and the sole member and manager
of Mountain Special, controls their investment decisions.
ERMF holds 392,796 shares of Common Stock. ERIP holds
499,399 shares of Common Stock. Mountain Special holds
484,032 shares of Common Stock. As the investment manager of
ERMF and ERIP, EagleRock Capital has the sole power to vote
and dispose of the shares of Common Stock held by ERMF and
ERIP. As the principal of EagleRock Capital and as the sole
member of Mountain Special, Mr. Tavakoli may direct the vote
and disposition of the shares of Common Stock held by ERMF,
ERIP and Mountain Special.
The filing of this Schedule 13G shall not be construed as an
admission that EagleRock Capital or Mr. Tavakoli is for the
purposes of Section 13(d) or 13(g) of the Securities
Exchange Act of 1934, the beneficial owner of any of the
shares of Common Stock held by ERMF, ERIP or Mountain
Special. Pursuant to Rule 13d-4, each of EagleRock and Mr.
Tavakoli disclaim all such beneficial ownership.
Page 5 of 7
Item 5 Ownership of Five Percent or Less of a Class:
--------------------------------------------
If this statement is being filed to report
the fact that as of the date hereof the
reporting person has ceased to be the
beneficial owner of more than five percent
of the class of securities, check the
following.
Item 6 Ownership of More than Five Percent on Behalf of Another
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Person:
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Not Applicable
Item 7 Identification and Classification of the
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Subsidiary Which Acquired the Security Being
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Reported on By the Parent Holding Company:
-----------------------------------------
Not Applicable
Item 8 Identification and Classification of Members
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of the Group:
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Not Applicable
Item 9 Notice of Dissolution of Group:
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Not Applicable
Item 10 Certification:
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By signing below the signatory certifies that, to the best of his
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.
Exhibit 99.1 Joint Filing Agreement dated April 11, 2008 between EagleRock
Capital Management, LLC and Nader Tavakoli.
Page 6 of 7
SIGNATURE
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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: April 11, 2008
EAGLEROCK CAPITAL MANAGEMENT, LLC
By: /s/ Nader Tavakoli
---------------------------------
Name: Nader Tavakoli
Title: Managing Member
NADER TAVAKOLI
/s/ Nader Tavakoli
---------------------------------