UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No.1)* Global Power Equipment Group Inc. -------------------------------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------------------------------- (Title of Class Securities) 37941p108 ------------------------------------ (CUSIP Number) Carlo Cannell Cannell Capital, LLC, 150 California Street, 5th Floor, San Francisco, CA 94111 (415) 835-8300 -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) July 25, 2005 -------------------------------------------------------------------------------- (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 the disclosure provided in a prior cover page. The information required in 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). Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a current valid OMB control number. CUSIP No. 37941p108 1. Name of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Cannell Capital, LLC 94-3366999 -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X]................................................................. ------------------------------------------------------------------ (b) ................................................................. ------------------------------------------------------------------ -------------------------------------------------------------------------------- 3. SEC Use Only.......................................................... ----------------------------------------------------------- -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) OO................................. ------------------------------------ -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or 2(e)................................................................ ----------------------------------------------------------------- -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization California................... --------------------------------- -------------------------------------------------------------------------------- Number of 7. Sole Voting Power 0............................... ---------------------------------------- Shares Beneficially Owned by Each Reporting Person With: ------------------------------------------------------------------- ------------------------------------------------------------------------------- 8. Shared Voting Power 3,734,200........................ -------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------------------- 9. Sole Dispositive Power 0............................ ----------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------------------- 10. Shared Dispositive Power 3,734,200..................... ---------------------------------- ------------------------------------------------------------------- -------------------------------------------------------------------------------- 11.Aggregate Amount Beneficially Owned by Each Reporting Person 3,734,200 ------------ 12.Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13.............Percent of Class Represented by Amount in Row (11) 8.0% --------- -------------------------------------------------------------------------------- 14............................Type of Reporting Person (See Instructions) -------------------------------------------------------------------------------- IA....................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- CUSIP No. 37941p108 1. Name of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). J. Carlo Cannell -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X]................................................................. ------------------------------------------------------------------ (b) ................................................................. ------------------------------------------------------------------ -------------------------------------------------------------------------------- 3. SEC Use Only.......................................................... ----------------------------------------------------------- -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) OO................................. ------------------------------------ -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or 2(e)................................................................ ----------------------------------------------------------------- -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization USA.......................... --------------------------------- -------------------------------------------------------------------------------- Number of 7. Sole Voting Power 0 .............................. ---------------------------------------- Shares Beneficially Owned by Each Reporting Person With: ------------------------------------------------------------------- ------------------------------------------------------------------------------- 8. Shared Voting Power 3,734,200........................ -------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------------------- 9. Sole Dispositive Power 0............................ ----------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------------------- 10. Shared Dispositive Power 3,734,200..................... ---------------------------------- ------------------------------------------------------------------- -------------------------------------------------------------------------------- 11.Aggregate Amount Beneficially Owned by Each Reporting Person 3,734,200 ------------ 12.Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13.............Percent of Class Represented by Amount in Row (11) 8.0% --------- -------------------------------------------------------------------------------- 14............................Type of Reporting Person (See Instructions) -------------------------------------------------------------------------------- IN/HC.................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- CUSIP No. 37941p108 1. Name of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). The Cuttyhunk Fund Limited -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X]................................................................. ------------------------------------------------------------------ (b) ................................................................. ------------------------------------------------------------------ -------------------------------------------------------------------------------- 3. SEC Use Only.......................................................... ----------------------------------------------------------- -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) WC................................. ------------------------------------ -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or 2(e)................................................................ ----------------------------------------------------------------- -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Bermuda...................... --------------------------------- -------------------------------------------------------------------------------- Number of 7. Sole Voting Power 0 ............................. ---------------------------------------- Shares Beneficially Owned by Each Reporting Person With: ------------------------------------------------------------------- ------------------------------------------------------------------------------- 8. Shared Voting Power 972,189........................ -------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------------------- 9. Sole Dispositive Power 0 ............................ ----------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------------------- 10. Shared Dispositive Power 972,189..................... ---------------------------------- ------------------------------------------------------------------- -------------------------------------------------------------------------------- 11.Aggregate Amount Beneficially Owned by Each Reporting Person 972,189 ------------ 12.Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13.............Percent of Class Represented by Amount in Row (11) 2.1% --------- -------------------------------------------------------------------------------- 14............................Type of Reporting Person (See Instructions) -------------------------------------------------------------------------------- CO....................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- CUSIP No. 37941p108 1. Name of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). The Anegada Master Fund Limited -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X]................................................................. ------------------------------------------------------------------ (b) ................................................................. ------------------------------------------------------------------ -------------------------------------------------------------------------------- 3. SEC Use Only.......................................................... ----------------------------------------------------------- -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) WC................................. ------------------------------------ -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or 2(e)................................................................ ----------------------------------------------------------------- -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Cayman Islands............... --------------------------------- -------------------------------------------------------------------------------- Number of 7. Sole Voting Power 0 .............................. ---------------------------------------- Shares Beneficially Owned by Each Reporting Person With: ------------------------------------------------------------------- ------------------------------------------------------------------------------- 8. Shared Voting Power 809,668....................... -------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------------------- 9. Sole Dispositive Power 0 ............................ ----------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------------------- 10. Shared Dispositive Power 809,668..................... ---------------------------------- ------------------------------------------------------------------- -------------------------------------------------------------------------------- 11.Aggregate Amount Beneficially Owned by Each Reporting Person 809,668 ----------- 12.Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13.............Percent of Class Represented by Amount in Row (11) 1.7% --------- -------------------------------------------------------------------------------- 14............................Type of Reporting Person (See Instructions) -------------------------------------------------------------------------------- CO....................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- CUSIP No. 37941p108 1. Name of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). GS Cannell, LLC 98-0232642 -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X]................................................................. ------------------------------------------------------------------ (b) ................................................................. ------------------------------------------------------------------ -------------------------------------------------------------------------------- 3. SEC Use Only.......................................................... ----------------------------------------------------------- -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) WC................................. ------------------------------------ -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or 2(e)................................................................ ----------------------------------------------------------------- -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Delaware..................... --------------------------------- -------------------------------------------------------------------------------- Number of 7. Sole Voting Power 0............................... ---------------------------------------- Shares Beneficially Owned by Each Reporting Person With: ------------------------------------------------------------------- ------------------------------------------------------------------------------- 8. Shared Voting Power 663,997......................... -------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------------------- 9. Sole Dispositive Power 0 ............................ ----------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------------------- 10. Shared Dispositive Power 663,997......................... ---------------------------------- ------------------------------------------------------------------- -------------------------------------------------------------------------------- 11.Aggregate Amount Beneficially Owned by Each Reporting Person 663,997 ----------- 12.Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13.............Percent of Class Represented by Amount in Row (11) 1.4% --------- -------------------------------------------------------------------------------- 14............................Type of Reporting Person (See Instructions) -------------------------------------------------------------------------------- OO....................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- CUSIP No. 37941p108 1. Name of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Tonga Partners, L.P. 94-3164039 -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X]................................................................. ------------------------------------------------------------------ (b) ................................................................. ------------------------------------------------------------------ -------------------------------------------------------------------------------- 3. SEC Use Only.......................................................... ----------------------------------------------------------- -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) WC................................. ------------------------------------ -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or 2(e)................................................................ ----------------------------------------------------------------- -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Delaware..................... --------------------------------- -------------------------------------------------------------------------------- Number of 7. Sole Voting Power 0 ............................. ---------------------------------------- Shares Beneficially Owned by Each Reporting Person With: ------------------------------------------------------------------- ------------------------------------------------------------------------------- 8. Shared Voting Power 1,288,346.................... -------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------------------- 9. Sole Dispositive Power 0............................ ----------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------------------- 10. Shared Dispositive Power 1,288,346..................... ---------------------------------- ------------------------------------------------------------------- -------------------------------------------------------------------------------- 11.Aggregate Amount Beneficially Owned by Each Reporting Person 1,288,346 ------------ 12.Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13.............Percent of Class Represented by Amount in Row (11) 2.7% --------- -------------------------------------------------------------------------------- 14............................Type of Reporting Person (See Instructions) -------------------------------------------------------------------------------- PN....................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- CUSIP No. 37941p108 1. Name of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Pleiades Investment Partners, LP 23-2688812 -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X]................................................................. ------------------------------------------------------------------ (b) ................................................................. ------------------------------------------------------------------ -------------------------------------------------------------------------------- 3. SEC Use Only.......................................................... ----------------------------------------------------------- -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) WC................................. ------------------------------------ -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or 2(e)................................................................ ----------------------------------------------------------------- -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Delaware..................... --------------------------------- -------------------------------------------------------------------------------- Number of 7. Sole Voting Power 0 ............................. ---------------------------------------- Shares Beneficially Owned by Each Reporting Person With: ------------------------------------------------------------------- ------------------------------------------------------------------------------- 8. Shared Voting Power 0.......................... -------------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------------------- 9. Sole Dispositive Power 0............................ ----------------------------------- ------------------------------------------------------------------- ------------------------------------------------------------------------------- 10. Shared Dispositive Power 0...................... ---------------------------------- ------------------------------------------------------------------- -------------------------------------------------------------------------------- 11.Aggregate Amount Beneficially Owned by Each Reporting Person 0 ----------- 12.Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13.............Percent of Class Represented by Amount in Row (11) 0.0% --------- -------------------------------------------------------------------------------- 14............................Type of Reporting Person (See Instructions) -------------------------------------------------------------------------------- PN....................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- ......................................................................... ----------------------------------------------------------------------------- Item 1 Security and Issuer This statement relates to Common Stock ("Common Stock"), issued by Global Power Equipment Group Inc., an Delaware Corporation. The address of the principal executive offices of Global Power Equipment Group Inc. is 6120 South Yale, Suite 1480, Tulsa, Oklahoma. Item 2 Identity and Background Name: Cannell Capital, LLC ("Adviser") Place of Organization: California Principal Business: Investment Adviser Address: 150 California Street, 5th Floor, San Francisco, CA 94111 Criminal Proceedings: None Applicable Civil, Judicial or Administrative Proceedings: None Name: The Cuttyhunk Fund Limited ("Cuttyhunk") Place of Organization: Bermuda Principal Business: Investment Address: 73 Front Street, Hamilton, Bermuda HM 12 Criminal Proceedings: None Applicable Civil, Judicial or Administrative Proceedings: None Name: The Anegada Master Fund Limited ("Anegada") Place of Organization: Cayman Islands Principal Business: Investment Address: c/o Praesideo Fund Services, Ltd. Harbour Centre, PO Box 1348, George Town, Grand Cayman, Cayman Islands Criminal Proceedings: None Applicable Civil, Judicial or Administrative Proceedings: None Name: Tonga Partners, L.P. ("Tonga") Place of Organization: Delaware Principal Business: Investment Address: 150 California Street, 5th Floor, San Francisco, CA 94111 Criminal Proceedings: None Applicable Civil, Judicial or Administrative Proceedings: None Name: GS Cannell, LLC ("GSC") Place of Organization: Delaware Principal Business: Investment Address: 701 Mount Lucas Road, CN 850, Princeton, NJ 08542 Criminal Proceedings: None Applicable Civil, Judicial or Administrative Proceedings: None Name: Pleiades Investment Partners, LP ("Pleiades") Place of Organization: Delaware Principal Business: Investment Address: 6022 West Chester Pike, Newtown Square, PA 19073 Criminal Proceedings: None Applicable Civil, Judicial or Administrative Proceedings: None Name: J. Carlo Cannell Address: 150 California Street, 5th Floor, San Francisco, CA 94111 Criminal Proceedings: None Applicable Civil, Judicial or Administrative Proceedings: None Citizenship: United States J Carlo Cannell is the controlling and managing member of Adviser. Adviser serves as investment adviser to Cuttyhunk, Anegada, GSC, and Pleiades. Adviser is general partner and investment adviser to Tonga. Item 3 Source and amount of Funds or other Consideration The aggregate amount of funds used by Cuttyhunk to purchase 972,189 shares of Common Stock owned by it was approximately $5,419,795. Such amount was derived from working capital. The aggregate amount of funds used by Anegada to purchase 809,668 shares of Common Stock owned by it was approximately $5,209,426. Such amount was derived from working capital. The aggregate amount of funds used by GSC to purchase 663,997 shares of Common Stock owned by it was approximately $5,562,787. Such amount was derived from working capital. The aggregate amount of funds used by Tonga to purchase 1,288,346 shares of Common Stock owned by it was approximately $6,179,079. Such amount was derived from working capital. Item 4 Purpose of Transaction The Common Stock was bought in the ordinary course of the Adviser's management of the accounts of its investment advisory clients. As of July 25, 2005 the Reporting Persons commenced the formulation of plans to seek maximization of the value of the Common Stock. Such plans may include, but may not necessarily be limited to, pursuit of strategic initiatives to enhance shareholder value. Subject to availability at prices deemed favorable and in accordance with applicable laws and regulations, the Reporting Persons may acquire shares of Common Stock of the Company from time to time in the open market, in privately negotiated transactions or otherwise. The Reporting Persons may dispose of shares of Common Stock of the Company from time to time in the open market, in privately negotiated transactions or otherwise. Except as set forth above, the Reporting Persons has no present plans or intentions that relate to or that would result in any of the transactions described in clauses (a) through (j) of item 4 of Schedule 13D. Item 5 Interest in Securities of the Issuer (a) As of July 25, 2005, the Reporting Persons directly or indirectly beneficially owned 3,734,200 shares, or 8.0%, of Common Stock of Global Power Equipment Inc. (the approximate number of the shares of Common Stock owned is based on 46,918,000 shares of common stock outstanding by Global Power Equipment Inc., on May 2, 2005). (1) Cuttyhunk owns 972,189 shares (2.1%) (2) Anegada owns 809,668 shares (1.7%) (3) GS Cannell owns 663,997 shares (1.4%) (4) Tonga owns 1,288,346 shares (2.7%) (5) Pleiades owns 0 shares (0.0%) (b) The responses of the Reporting Persons to Items 7 through 11 of the portions of the cover page of this Schedule D which relate to beneficial ownership of shares of the Common Stock are incorporated herein by reference. (c) A list of transactions during the past 60 days. --------------------------------------------------------------------- Party Date Amount Price per Where & How Bought Share Effected (Sold) --------------------------------------------------------------------- ANEGADA 6/15/2005 21,992 7.51 Open Market GS CANNELL 6/15/2005 17,562 7.51 Open Market TONGA 6/15/2005 30,446 7.51 Open Market (d) Not Applicable (e) Not Applicable Item 6 Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer J. Carlo Cannell controls and manages the Adviser who makes voting and dispositive decisions for Cuttyhunk, Anegada, GS Cannell, Tonga, and Pleiades. Item 7 Material to Be Filed as Exhibits Not Applicable 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. Date: July 26, 2005 J. Carlo Cannell /s/ J. Carlo Cannell ------------------------------ J. Carlo Cannell Cannell Capital, LLC /s/ J. Carlo Cannell ------------------------------ J. Carlo Cannell, Managing Member The Anegada Master Fund, Limited /s/ J. Carlo Cannell ------------------------------ J. Carlo Cannell, Managing Member Cannell Capital, LLC, Investment Adviser The Cuttyhunk Fund Limited /s/ J. Carlo Cannell ------------------------------ J. Carlo Cannell, Managing Member Cannell Capital, LLC, Investment Adviser GS Cannell, LLC /s/ J. Carlo Cannell ------------------------------ J. Carlo Cannell, Managing Member Cannell Capital, LLC, Investment Adviser Tonga Partners, L.P. /s/ J. Carlo Cannell ------------------------------ J. Carlo Cannell, Managing Member Cannell Capital, LLC, General Partner Pleiades Investment Partners, LP /s/ J. Carlo Cannell ------------------------------- J. Carlo Cannell, Managing Member Cannell Capital, LLC, Investment Adviser