13G Filing: Tontine Asset Associates, L.L.C. and Global Power Equipment Group Inc. (GLPW)

CUSIP No. 37941P306

13G/A

Item 1(a).

Name of Issuer
The name of the issuer is Global Power Equipment Group Inc. (the Company).

Item 1(b).

Address of Issuers Principal Executive Offices
The Companys principal executive offices are located at 400 E. Las Colinas Boulevard, Suite 400, Irving, Texas 75039.

Item 2(a).

Name of Person Filing

This statement is filed by:

(i)         Tontine Asset Associates, LLC, a limited liability company organized under the laws of the State of Delaware (TAA), which serves as general partner of Tontine Capital Overseas Master Fund II, L.P. (TCOM II), with respect to the shares of Common Stock directly owned by TCOM II; and

(ii)         Jeffrey L. Gendell, a United States citizen (Mr. Gendell), with respect to the shares of Common Stock owned directly by TCOM II.

The foregoing persons are hereinafter sometimes collectively referred to as the Reporting Persons.  Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party.

Item 2(b).

Address of Principal Business Office or, if none, Residence
The address of the business office of each of the Reporting Persons is 1 Sound Shore Drive, Suite 304, Greenwich, CT 06830-7251.

Item 2(c).

Citizenship
See Item 2(a) above.

Item 2(d).

Title of Class of Securities
Common Stock, $0.01 par value (the Common Stock).

Item 2(e).

CUSIP Number
37941P306

Item 3.

If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

(a)

o

Broker or dealer registered under Section 15 of the Act;

(b)

o

Bank as defined in Section 3(a)(6) of the Act;

(c)

o

Insurance company as defined in Section 3(a)(19) of the Act;

(d)

o

Investment company registered under Section 8 of the Investment Company Act of 1940;

(e)

o

An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

(f)

o

An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);

(g)

o

A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);

(h)

o

A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;

(i)

o

A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act;

(j)

o

A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J);

(k)

o

Group, in accordance with Rule 13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with

Rule 13d-1(b)(1)(ii)(J), please specify the type of institution:____________________________

Not applicable.