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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A Under the Securities Exchange Act of 1934 (Amendment No. 1) Champion Parts, Inc. - ------------------------------------------------------------------------------- (Name of Issuer) Common Stock, Par Value $.10 Per Share - ------------------------------------------------------------------------------- (Title of Class of Securities) 158609107 - ------------------------------------------------------------------------------- (CUSIP Number) A. Glenn Paton 4500 Dorr Street, Toledo, Ohio 43615 419-535-4500 - ------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) May 16, 2003 - ------------------------------------------------------------------------------- (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 secs. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [ ] CUSIP No. 158609107 - -------------------------------------------------------------------------- 1. Names of Reporting Persons. Dana Corporation - ------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) [X] (b) [ ] - ------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------- 4. Source of Funds Not Applicable - ------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - ------------------------------------------------------------------------- 6. Citizenship or Place of Organization Virginia - ------------------------------------------------------------------------- 7. Sole Voting Power Number of Shares 0 Beneficially ---------------------------------------------- Owned by 8. Shared Voting Power Each Reporting 600,012 Person ---------------------------------------------- 9. Sole Dispositive Power 0 ---------------------------------------------- 10. Shared Dispositive Power 600,012 - ------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 600,012 - ------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] - ------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 16.4% - ------------------------------------------------------------------------- 14. Type of Reporting Person CO CUSIP No. 158609107 - -------------------------------------------------------------------------- 1. Names of Reporting Persons. Dana Global Holdings, Inc. (f/k/a Echlin Inc.) - -------------------------------------------------------------------------- 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) [ ] - -------------------------------------------------------------------------- 6. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------- 7. Sole Voting Power Number of Shares 0 Beneficially ----------------------------------------------- Owned by 8. Shared Voting Power Each Reporting 600,012 Person ----------------------------------------------- 9. Sole Dispositive Power 0 ----------------------------------------------- 10. Shared Dispositive Power 600,012 - -------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 600,012 - -------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] - -------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 16.4% - ---------------------------------------------------------------------------- 14. Type of Reporting Person CO This Amendment No. 1 amends and restates the statement on Schedule 13D (the "Schedule 13D") filed on March 26, 1987, by Echlin Inc, relating to shares of common stock, par value $0.10 per share, of Champion Parts, Inc. Item 1. Security and Issuer This statement relates to the common stock, par value $.10 per share (the "Common Stock"), of Champion Parts, Inc. (f/k/a Champion Parts Rebuilders, Inc.) ("Champion"), 2005 W. Avenue B, Hope, AR 71801. Dana Corporation ("Dana") and Dana Global Holdings, Inc. (f/k/a Echlin Inc.) ("Holdings" and, collectively with Dana, the "Reporting Persons") are making a group filing because, due to the relationships between them, they may be deemed to constitute a "group" for purposes of Section 13(d)(3) of the Exchange Act. Item 2. Identity and Background The Reporting Persons have their principal offices at 4500 Dorr Street, Toledo, Ohio 43615. Dana is incorporated in Virginia for general corporate purposes and Holdings, a wholly owned subsidiary of Dana, is incorporated in Delaware for general corporate purposes. The attached Schedule I and Schedule II list the directors and executive officers of Dana and Holdings, respectively, and contain the following information with respect to each such person: (a) name; (b) business address; (c) present principal occupation or employment and the name, principal business and address of any corporation or other organization in which such employment is conducted; and (d) citizenship. During the last five years, neither the Reporting Persons nor, to the best of the Reporting Persons' knowledge, any person named in Schedule I or II, (i) has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of which such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or state securities laws or finding any violations with respect to such laws. Item 3. Source and Amount of Funds or Other Consideration Pursuant to a Purchase Agreement dated March 18, 1987 (the "Purchase Agreement"), between Champion and Echlin Inc., Echlin Inc. acquired the 600,012 shares of Common Stock reported herein. The source and the amount of funds used by Echlin Inc. in making the purchase of the shares of Common Stock was general corporate funds derived from the business of Echlin Inc. in the amount of $5,400,000. Item 4. Purpose of Transaction This Amendment No. 1 is being made to report an option obtained by RGP Holding Inc., exercisable until June 18, 2003, to acquire the 600,012 shares of Common Stock owned by Holdings at an option price of $.50 per share. Except as set forth above, neither of the Reporting Persons has current plans or intentions which would result in or relate to any of the transactions required to be described in paragraphs (a) through (j) of Item 4 of Schedule 13D. Item 5. Interest in Securities of the Issuer (a) The aggregate percentage of the outstanding shares of Common Stock reported owned by each of Dana and Holdings is based upon 3,655,266 shares of Common Stock outstanding as of March 30, 2003. As of the close of business on May 21, 2003: (i) Holdings beneficially owns 600,012 shares of Common Stock, which constitute 16.4% of the shares of Common Stock outstanding. (ii) Dana owns no shares of Common Stock directly. However, as sole shareholder of Holdings, Dana may be deemed, by the provisions of Rule 13d-3 of the Exchange Act, to be the beneficial owner of the 600,012 shares of Common Stock owned by Holdings, which constitute 16.4% of the shares of Common Stock outstanding. (b) Holdings has the sole power to vote and dispose of the 600,012 shares of Common Stock owned by it, which power is exercisable by Dana, as sole shareholder of Holdings. (c) On May 16, 2003, RGP obtained an option until June 18, 2003, to acquire the 600,012 shares of Common Stock owned by Holdings at an option price of $.50 per share. (d) - (e) Not applicable Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer Pursuant to the Purchase Agreement, Holdings is entitled to designate two or three persons to be elected to the Champion Board of Directors. Pursuant to a Letter Agreement dated May 16, 2003, between Dana and RGP, RGP holds an option, exercisable until June 18, 2003, to purchase the shares of Common Stock reported herein at an option price of fifty cents per share. Item 7. Materials to Be Filed As Exhibits Exhibit 1: Letter agreement dated May 16, 2003, between RGP Holding, Inc. and Dana Corporation. Exhibit 2: Stock Purchase Agreement, dated March 18, 1987, between Champion Parts Rebuilders, Inc. and Echlin, Inc. (incorporated by reference to Exhibit (a) the Schedule 13D filed by Echlin, Inc. with the Securities and Exchange Commission on March 26, 1987). 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. May 22, 2003 - ------------------------------------------------------------------------------- Date /s/ A. Glenn Paton - ------------------------------------------------------------------------------- Signature A. Glenn Paton, Treasurer, Dana Corporation - ------------------------------------------------------------------------------- Name/Title May 22, 2003 - ------------------------------------------------------------------------------- Date /s/ A. Glenn Paton - ------------------------------------------------------------------------------- Signature A. Glenn Paton, Treasurer, Dana Global Holdings, Inc. - ------------------------------------------------------------------------------- Name/Title Joint Filing Agreement In accordance with Rule 13d-1(f) under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing on behalf of each of them of a statement on Schedule 13D (including amendments thereto) with respect to the Common Stock, par value $0.10 per share, of Champion Parts, Inc., and that this Agreement be included as an Exhibit to such joint filing. This Agreement may be executed in any number of counterparts all of which taken together shall constitute one and the same instrument. In witness whereof, the undersigned hereby execute this Agreement this 22nd day of May, 2003. May 22, 2003 - ------------------------------------------------------------------------------- Date /s/ A. Glenn Paton - ------------------------------------------------------------------------------- Signature A. Glenn Paton, Treasurer, Dana Corporation - ------------------------------------------------------------------------------- Name/Title May 22, 2003 - ------------------------------------------------------------------------------- Date /s/ A. Glenn Paton - ------------------------------------------------------------------------------- Signature A. Glenn Paton, Treasurer, Dana Global Holdings, Inc. - ------------------------------------------------------------------------------- Name/Title Schedule 1 Dana Corporation Directors and Executive Officers Unless otherwise indicated, the following persons have a business address at Dana Corporation, 4500 Dorr Street, Toledo, Ohio 43615 and are United States citizens. Directors: - ---------- Benjamin F. Bailar Former Dean and Professor of Administration Emeritus, Jesse. H. Jones Graduate School of Administration, Rice University A. Charles Baillie Chairman of The Toronto-Dominion Bank Toronto Dominion Center, 55 King Street, West - 4th Floor, Toronto, Ontario M5K 1A2, Canada (Canadian Citizen) Edmund M. Carpenter CEO and President of Barnes Group, Inc. 123 Main Street, Bristol, CT 06011 Eric Clark Former Director of BICC plc (United Kingdom Citizen) Cheryl W. Grise President, Utility Group of Northeast Utilities P.O. Box 270, Hartford, CT 06141 Glen H. Hiner Former Chairman and CEO of Owens Corning James P. Kelly Former Chairman and CEO of United Parcel Service Inc. Joseph M. Magliochetti Chairman and CEO of Dana Corporation 4500 Dorr Street, Toledo, OH 43615 Marilyn R. Marks Former Chairman of Dorsey Trailers, Inc. Richard B. Priory Chairman and CEO of Duke Energy Corporation P.O. Box 1006, EC3XB, Charlotte, NC 28201 Fernando M. Senderos Chairman and CEO of DESC, S.A. de C.V. Paseo de Tamarindos 400-B-32, Col. Bosques de las Lomas, 05120 Mexico D.F., Mexico (Mexican Citizen) Executive Officers: - ------------------- William J. Carroll President - Automotive Systems Group Bernard N. Cole President - Heavy Vehicle Technologies and Systems Group Marvin A. Franklin, III President - Dana International and Global Initiatives Charles F. Heine President - Technology Development and Diversified Products James M. Laisure President - Engine and Fluid Management Group Terry R. McCormack President - Automotive Aftermarket Group Robert C. Richter Vice President and Chief Financial Officer Richard J. Westerheide Chief Accounting Officer and Assistant Treasurer Schedule 2 Dana Global Holdings, Inc. Directors and Executive Officers Unless otherwise indicated, the following persons have a business address at Dana Corporation, 4500 Dorr Street, Toledo, Ohio 43615 and are United States citizens. Director: - -------- Rodney R. Filcek, Chairman Executive Officers: - ------------------ Rodney R. Filcek President Marvin A. Franklin, III Vice President David J. Watson Vice President (Canadian Citizen) A. Glenn Paton Treasurer (Canadian Citizen) Robert E. Pollock Secretary Christopher J. Czarka Assistant Treasurer Susan J. Stewart Assistant Secretary Exhibit 1 R G P HOLDING, INC. 225 CITY AVENUE, SUITE 14 BALA CYNWYD, PA 19004 (610) 660-8804 FAX: (610) 660-8817 Raymond G. Perelman C.E.O. May 16, 2003 Glenn Paton V.P. and Treasurer Dana Corporation 4500 Dorr Street Toledo, OH 43615 Dear Mr. Paton, This is to confirm our agreement that for consideration duly agreed upon and tendered Dana Corporation hereby gives to RGP Holding, Inc. the option to purchase Dana's 600,012 shares of Champion Parts, Inc. common stock at an option price of fifty cents ($.50). This option is exercisable until June 18, 2003. By your signature on the bottom of this letter you hereby agree to this option. Very truly yours, /s/ Raymond G. Perelman ----------------------- Raymond G. Perelman /s/ A Glenn Paton - ----------------- Glenn Paton Treasurer Dana Corporation