UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)*
Cellstar Corporation
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
150925204
(CUSIP Number)
Timothy S. Durham
111 Monument Circle
Suite 4800
Indianapolis, Indiana 46204-2415
(317) 237-4122
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
December 19, 2006
(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 Rule 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
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).
SCHEDULE 13D
--------------------------------------------------------------------------------
CUSIP No. 150925204
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON:
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY)
Timothy S. Durham
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS
PF
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES 938,401
-----------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0
-----------------------------------
EACH REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 938,401
-----------------------------------
WITH 10. SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
938,401
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.4%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
SCHEDULE 13D
--------------------------------------------------------------------------------
CUSIP No. 150925204
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON:
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY)
Patrick J. O'Donnell
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS
PF
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES 436,900
-----------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0
-----------------------------------
EACH REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 436,900
-----------------------------------
WITH 10. SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
436,900
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.1%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
SCHEDULE 13D
--------------------------------------------------------------------------------
CUSIP No. 150925204
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON:
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY)
Henri B. Najem, Jr.
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS
PF
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES 78,100
-----------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0
-----------------------------------
EACH REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 78,100
-----------------------------------
WITH 10. SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
78,100
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.4%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
SCHEDULE 13D
--------------------------------------------------------------------------------
CUSIP No. 150925204
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON:
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY)
Anthony P. Schlichte
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS
PF
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES 242,540
-----------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0
-----------------------------------
EACH REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 242,540
-----------------------------------
WITH 10. SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
242,540
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.1%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
SCHEDULE 13D
--------------------------------------------------------------------------------
CUSIP No. 150925204
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON:
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY)
David Tornek
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS
PF
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES 127,300
-----------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0
-----------------------------------
EACH REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 127,300
-----------------------------------
WITH 10. SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
127,300
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.6%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
SCHEDULE 13D
--------------------------------------------------------------------------------
CUSIP No. 150925204
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON:
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY)
Neil E. Lucas
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS
PF
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES 176,200
-----------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0
-----------------------------------
EACH REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 176,200
-----------------------------------
WITH 10. SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
176,200
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.8%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
SCHEDULE 13D
--------------------------------------------------------------------------------
CUSIP No. 150925204
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON:
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY)
Terry G. Whitesell
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS
PF
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES 34,000
-----------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0
-----------------------------------
EACH REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 34,000
-----------------------------------
WITH 10. SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
34,000
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
SCHEDULE 13D
--------------------------------------------------------------------------------
CUSIP No. 150925204
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON:
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY)
Jonathan B. Swain
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS
PF
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES 14,000
-----------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0
-----------------------------------
EACH REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 14,000
-----------------------------------
WITH 10. SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,000
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.1%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
SCHEDULE 13D
--------------------------------------------------------------------------------
CUSIP No. 150925204
--------------------------------------------------------------------------------
ITEM 1. Security and Issuer
This Schedule 13D relates to the common shares, $0.01 par value (the
"Shares"), of Cellstar Corporation, a Delaware corporation (the "Issuer").
The address of the principal executive offices of the Issuer is 601 S. Royal
Lane, Carrollton, Texas 75019.
ITEM 2. Identity and Background
The persons filing this statement are Timothy S. Durham ("Durham"), Patrick J.
O'Donnell ("O'Donnell"), Henri B. Najem, Jr. ("Najem"), Anthony P. Schlichte
("Schlichte"), David Tornek ("Tornek"), Neil E. Lucas ("Lucas"), Terry G.
Whitesell ("Whitesell"), and Jonathan B. Swain ("Swain").
Mr. Durham is a citizen of the United States and his principal address is 111
Monument Circle, Suite 4800, Indianapolis, Indiana 46204. Mr. Durham serves as
the Chairman and Chief Executive Officer of Obsidian Enterprises, Inc. and as
Chairman of Fair Holdings, Inc. The address of the principal offices of Obsidian
Enterprises, Inc. and Fair Holdings, Inc. is 111 Monument Circle, Suite 4800,
Indianapolis, Indiana 46204.
Mr. O'Donnell is a citizen of the United States and his principle address is 200
West Adams Street, Chicago, Illinois, 60606. O'Donnell is retired from the UBS
Investment Bank where he was the CIO and a member of its Management Board.
Mr. Najem is a citizen of the United States and his principal address is 11699
Fall Creek Road, Indianapolis, Indiana 46256. Mr. Najem owns Bella Vita
restaurant. The address of the principal office of Bella Vita is 11699 Fall
Creek Road, Indianapolis, IN 46256.
Mr. Schlichte is a citizen of the United States and his principal address is 111
Monument Circle, Suite 4800, Indianapolis, Indiana 46204. He is Executive Vice
President of Obsidian Enterprises, Inc.
Mr. Tornek is a citizen of the United States and his principal address is 910
Lincoln Rd., Miami Beach, FL 33139. He is Proprietor of Touch Restaurant in
South Beach.
Mr. Whitesell is a citizen of the United States and his principal address is
111 Monument Circle, Suite 4800, Indianapolis, Indiana 46204. He is President
of Obsidian Enterprises, Inc.
Mr. Lucas is a citizen of the United States and his principal address is 111
Monument Circle, Suite 4800, Indianapolis, Indiana 46204. He is an attorney
practicing in Indianapolis.
Mr. Swain is a citizen of the United States and his principal address is 111
Monument Circle, Suite 4800, Indianapolis, Indiana 46204. He is Vice President
of Obsidian Enterprises, Inc.
During the last five years, none of the Reporting Persons (i) has been convicted
in a criminal proceeding (excluding traffic violations or similar misdemeanors)
or (ii) was a party to a civil proceeding of a judicial or administrative body
of competent jurisdiction and as a result of such proceeding 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 violation with respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The aggregate purchase price for the 2,047,441 shares purchased by the
Reporting Entities was $2,509,402. The source of funds for the purchases was
personal funds for Mr. Durham, Mr. O'Donnell, Mr. Najem, Mr. Schlichte, Mr.
Tornek, Mr. Lucas, Mr. Whitesell, and Mr. Swain.
ITEM 4. PURPOSE OF TRANSACTION.
Each of the Reporting Entities acquired beneficial ownership of the shares of
Common Stock to which this statement relates for the purpose of investment and
to gain a significant equity interest in Cellstar.
Each of the Reporting Entities may acquire additional shares or other securities
of Cellstar or sell or otherwise dispose of any or all of the shares or other
securities of Cellstar they beneficially own.
The Reporting Entities may engage in discussions with the management and members
of the Board of Directors of Cellstar concerning the business, operations and
future plans of Cellstar.
The Reporting Entities may also consider other actions to maximize stockholder
value including, without limitation:
o Proposing an extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving Cellstar or any of its
subsidiaries; and
o Proposing change in the present Board of Directors or management of
Cellstar.
o The Reporting Entities are aware that Cellstar has entered into
agreements to sell a substantial portion of its assets, subject to
shareholder approval. The Reporting Entities will consider these
transactions after the proxy detailing these transactions is released.
Furthermore, the Reporting Entities shall investigate other
opportunities that could provide potential greater shareholder value.
Other than described above, none of the Reporting Entities currently have any
plans or proposals which relate to, or may result in, any of the matters listed
in Items 4(a) - (j) of Schedule 13D (although they reserve the right to develop
such plans).
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) As of the close of business on December 29, 2006, the Reporting Persons
may be deemed to beneficially own, in the aggregate, 2,047,441 shares of
Common Stock, representing approximately 9.7% of the Issuer's outstanding
shares of Common Stock (based on the 21,173,650 shares stated to be
outstanding as of September 29, 2006 in the Issuer's Quarterly Report on
Form 10-Q for the quarterly period ended August 31, 2006, filed with the
Securities and Exchange Commission on October 5, 2006).
(b) Mr. Durham has sole voting and sole dispositive power with respect
to 938,401 shares. Mr. O'Donnell has sole voting and sole dispositive
power with respect to 436,900 shares. Mr. Najem has sole voting and sole
dispositive power with respect to 78,100 shares. Mr. Schlichte has sole
voting and sole dispositive power with respect to 242,540 shares. Mr.
Tornek has sole voting and sole dispositive power with respect to 127,300
shares. Mr. Lucas has sole voting and sole dispositive power with respect
to 176,200 shares. Mr. Whitesell has sole voting and sole dispositive
power with respect to 34,000 shares. Mr. Swain has sole voting and sole
dispositive power with respect to 14,000 shares.
(c) The following table presents information on securities transactions
within the past sixty days. All of the transactions were open market
transactions.
Shareholder Date Price Per Transaction No. of Shares
Share ($)
Anthony P. Schlichte 10/25/2006 $3.35 Sale 400
Anthony P. Schlichte 10/25/2006 $3.30 Sale 2,000
Anthony P. Schlichte 10/26/2006 $3.70 Sale 1,545
Anthony P. Schlichte 11/13/2006 $3.38 Purchase 1,675
Anthony P. Schlichte 12/04/2006 $3.26 Purchase 2,020
Anthony P. Schlichte 12/12/2006 $2.50 Purchase 40
Timothy S. Durham 12/19/2006 $2.75 Purchase 50,000
Neil E. Lucas 12/19/2006 $2.72 Purchase 34,500
Patrick J. O'Donnell 12/19/2006 $2.71 Purchase 1,000
Patrick J. O'Donnell 12/20/2006 $2.47 Purchase 17,500
Timothy S. Durham 12/21/2006 $2.73 Purchase 50,000
Anthony P. Schlichte 12/21/2006 $2.70 Purchase 3,000
Anthony P. Schlichte 12/26/2006 $3.80 Purchase 2,455
Item 6. Contracts, Arrangements, Understandings or Relationship with Respect to
Securities of the Issuer
Except as described herein, neither of the Registrants has any contracts,
arrangements, understandings or relationships (legal or otherwise) with any
person with respect to any securities of the Issuer, including but not limited
to the transfer or voting of any of the securities, finder's fees, joint
ventures,loan or option arrangements, puts or calls, guarantees of profits,
division of profits or losses, or the giving or withholding of proxies.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit A: Joint Filing Agreement.
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.
Dated: December 29, 2006
/s/ Timothy S. Durham
--------------------------
Timothy S. Durham
/s/ Patrick J. O'Donnell
--------------------------
Patrick J. O'Donnell
/s/ Henri B. Najem, Jr.
--------------------------
Henri B. Najem, Jr.
/s/ Anthony P. Schlichte
--------------------------
Anthondy P. Schlichte
/s/ David Tornek
--------------------------
David Tornek
/s/ Neil E. Lucas
--------------------------
Neil E. Lucas
/s/ Terry G. Whitesell
--------------------------
Terry G. Whitesell
/s/ Jonathan B. Swain
--------------------------
Jonathan B. Swain
SCHEDULE 13D
--------------------------------------------------------------------------------
CUSIP No. 150925204
--------------------------------------------------------------------------------
EXHIBIT INDEX
Exhibit No. Description
A Joint Filing Agreement.
SCHEDULE 13D
--------------------------------------------------------------------------------
CUSIP No. 150925204
--------------------------------------------------------------------------------
EXHIBIT B
Joint Filing Agreement
Each of the undersigned hereby agrees and consents to the filing of a single
Schedule 13D and any and all future amendments thereto with the Securities and
Exchange Commission on behalf of the undersigned and the other persons listed in
Item 2 of the Schedule 13D in connection with their beneficial ownership of
securities of Cellstar Corporation.
IN WITNESS WHEREOF, the parties have executed this Joint Filing Agreement
on March 3, 2006.
/s/ Timothy S. Durham
--------------------------
Timothy S. Durham
/s/ Patrick O'Donnell
--------------------------
Patrick O'Donnell
/s/ Henri B. Najem, Jr.
--------------------------
Henri B. Najem, Jr.
/s/ Anthony P. Schlichte
--------------------------
Anthondy P. Schlichte
/s/ David Tornek
--------------------------
David Tornek
/s/ Neil E. Lucas
--------------------------
Neil E. Lucas
/s/ Terry G. Whitesell
--------------------------
Terry G. Whitesell
/s/ Jonathan B. Swain
--------------------------
Jonathan B. Swain