UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
(Amendment No. 3)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-
1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
Dynabazaar, Inc.
(Name of Issuer)
Common Stock, $.001 par value
(Title of Class of Securities)
305158107
(CUSIP Number)
Mr. James Mitarotonda
c/o Barington Capital Group, L.P.
888 Seventh Avenue, 17th Floor
New York, N.Y. 10019
(212) 974-5700
(Name, Address and Telephone Number of
Person Authorized to Receive Notices
and Communications)
May 19, 2004
(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 which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f), or 13d-1(g), check the following
box: |_|.
SCHEDULE 13D
CUSIP No. 305158107
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Barington Companies Equity Partners, L.P.
13-4088890
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |X|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC OO
--------------------------------------------------------------------------------
5 CHECK BOX 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
648,890
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY none
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 648,890
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
648,890
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.4%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
-2-
SCHEDULE 13D
CUSIP No. 305158107
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ramius Capital Group, LLC
13-3937658
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |X|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
5 CHECK BOX 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
313,695
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY none
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 313,695
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
313,695
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.2%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
-3-
SCHEDULE 13D
CUSIP No. 305158107
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ramius Halifax Partners, L.P.
98-01976232
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |X|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
5 CHECK BOX 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
313,695
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY none
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 313,695
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
313,695
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.2%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
-4-
SCHEDULE 13D
CUSIP No. 305158107
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MM Companies, Inc.
54-1811721
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |X|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC OO
--------------------------------------------------------------------------------
5 CHECK BOX 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
none
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY none
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON none
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
none
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
-5-
SCHEDULE 13D
CUSIP No. 305158107
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jewelcor Management, Inc.
23-2331228
--------------------------------------------------------------------------------
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 BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Nevada
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
none
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY none
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON none
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
none
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
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SCHEDULE 13D
CUSIP No. 305158107
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Barington Capital Group, L.P.
--------------------------------------------------------------------------------
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 BOX 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
629,640
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 648,890
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 629,640
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
648,890
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,278,530
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.8%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
-7-
SCHEDULE 13D
CUSIP No. 305158107
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ramius Securities, LLC
58-2253019
--------------------------------------------------------------------------------
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 BOX 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
150,742
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY none
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 150,742
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
150,742
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.5%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
BD
--------------------------------------------------------------------------------
-8-
SCHEDULE 13D
CUSIP No. 305158107
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Starboard Value & Opportunity Fund, LLC
--------------------------------------------------------------------------------
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 BOX 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
728,898
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY none
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 728,898
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
728,898
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.8%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
-9-
Introduction. This Amendment No. 3 amends and supplements the
Schedule 13D, dated February 25, 2002, as amended to date (the "Schedule 13D"),
originally filed with the Securities and Exchange Commission by JHC Investment
Partners, LLC, MM Companies, Inc., Jewelcor Management, Inc. and Barington
Companies Equity Partners, L.P., with respect to the common stock, $.001 par
value (the "Common Stock") of Dynabazaar, Inc., a Delaware corporation, formerly
known as Fairmarket, Inc. (the "Company"). The principal executive offices of
the Company are located at 500 Unicorn Park Drive, Woburn, Massachusetts 01801.
Item 2(a) - (c) of Schedule 13D, "Identity and Background," is
deleted in its entirety and replaced with the following:
(a) - (c) This Schedule 13D is being filed by Barington Companies Equity
Partners, L.P., Ramius Capital Group, LLC, Ramius Halifax Partners, L.P., MM
Companies, Inc., Jewelcor Management, Inc., Barington Capital Group, L.P.,
Ramius Securities, LLC and Starboard Value & Opportunity Fund (collectively, the
"Reporting Entities").
Barington Companies Equity Partners, L.P. is a Delaware limited
partnership formed to engage in the business of acquiring, holding and disposing
of investments in various companies. The address of the principal business and
principal offices of Barington Companies Equity Partners, L.P. is 888 Seventh
Avenue, 17th Floor, New York, New York 10019.
The general partner of Barington Companies Equity Partners, L.P. is
Barington Companies Investors, LLC. Barington Companies Investors, LLC is a
Delaware limited liability company formed to be the general partner of Barington
Companies Equity Partners, L.P. The address of the principal business and
principal offices of Barington Companies Investors, LLC is 888 Seventh Avenue,
17th Floor, New York, New York 10019. James Mitarotonda is the managing member
of Barington Companies Investors, LLC. The business address of Mr. Mitarotonda
is c/o Barington Capital Group, L.P., 888 Seventh Avenue, 17th Floor, New York,
New York 10019.
Ramius Capital Group, LLC is a Delaware limited liability company that is
engaged in money management and investment advisory services for third parties
and proprietary accounts. The address of the principal business and principal
offices of Ramius Capital Group, LLC is 666 Third Avenue, 26th Floor, New York,
New York 10017.
The Managing Member of Ramius Capital Group, LLC is C4S, LLC, a Delaware
limited liability company formed to be the managing member of Ramius Capital
Group, LLC. The address of the principal business and principal offices of C4S,
LLC is 666 Third Avenue, 26th Floor, New York, New York 10017. Each of Peter A.
Cohen, Morgan B. Stark, Jeffrey M. Solomon and Thomas W. Strauss is a managing
member of C4S, LLC. The business address of each of Messrs. Cohen, Stark,
Solomon and Strauss is 666 Third Avenue, 26th Floor, New York, New York 10017.
Ramius Halifax Partners, L.P. is a Delaware limited partnership that is
engaged in investing in a multi-strategy portfolio. The address of the principal
business and principal
-10-
offices of Ramius Halifax Partners, L.P. is 666 Third Avenue, 26th Floor, New
York, New York 10017. The general partner of Ramius Halifax Partners, L.P. is
Ramius Capital Group, LLC, which is discussed above.
MM Companies, Inc. is a Delaware corporation that was formerly engaged in
the business of marketing customized compact discs over the internet and is
presently exploring alternative business opportunities. The address of the
principal business and principal offices of MM Companies, Inc. is c/o Barington
Capital Group, L.P., 888 Seventh Avenue, 17th Floor, New York, New York 10019.
The officers and directors of MM Companies, Inc. and their principal occupations
and business addresses are set forth on Schedule II of Amendment No. 2 to
Schedule 13D.
Jewelcor Management, Inc. is a Nevada corporation engaged in money
management and investment advisory services. The address of the principal
business and principal offices of Jewelcor Management, Inc. is 100 North Wilkes
Barre Blvd., Wilkes Barre, Pennsylvania 18702.
Barington Capital Group, L.P. is a Delaware limited partnership formed to
engage in the business of acquiring, holding and disposing of investments in
various companies. The address of the principal business and principal offices
of Barington Capital Group, L.P. is 888 Seventh Avenue, 17th Floor, New York,
New York 10019.
The general partner of Barington Capital Group, L.P. is LNA Capital Corp.
LNA Capital Corp. is a Delaware corporation formed to be the general partner of
Barington Capital Group, L.P. The address of the principal business and
principal offices of LNA Capital Corp. is: c/o Barington Capital Group, L.P.,
888 Seventh Avenue, 17th Floor, New York, New York 10019. James Mitarotonda is
the Chairman, President and Chief Executive Officer of LNA Capital Corp.
Ramius Securities, LLC is a Delaware limited liability company and a
registered broker-dealer. The address of the principal business and principal
offices of Ramius Securities, LLC is 666 Third Avenue, 26th Floor, New York, New
York 10017. The Managing Member of Ramius Securities, LLC is Ramius Capital
Group, LLC.
Starboard Value & Opportunity Fund, LLC is a Delaware limited liability
company formed for the purpose of making equity investments and, on occasion,
taking an active role in the management of portfolio companies in order to
enhance shareholder value. The address of the principal offices of Starboard
Value & Opportunity Fund, LLC is 666 Third Avenue, 26th Floor, New York, New
York 10017.
The managing member of Starboard Value & Opportunity Fund, LLC is Admiral
Advisors, LLC. The sole member of Admiral Advisors, LLC is Ramius Capital Group,
LLC.
Item 3 of the Schedule 13D, "Source and Amount of Funds or Other
Consideration," is amended and supplemented by adding the following:
On May 19, 2004, Barington Capital Group, L.P., Starboard Value &
Opportunity Fund, LLC and Ramius Securities, LLC purchased 629,640 shares,
528,898 shares and 100,742 shares
-11-
of Common Stock, respectively, for a purchase price of $226,670.40, $190,043.28
and $36,267.12, respectively. These purchases were funded by working capital,
which may, at any given time, include margin loans made by brokerage firms in
the ordinary course of business.
Item 4 of the Schedule 13D, "Purpose of the Transaction," is amended
and supplemented by adding the following:
On May 19, 2004, pursuant to the terms of a securities purchase agreement,
dated May 13, 2004, Jewelcor Management, Inc. sold 315,695 shares of Common
Stock of the Company to Barington Capital Group, L.P. and 315,965 shares of
Common Stock of the Company to Starboard Value & Opportunity Fund, LLC. On the
same date, MM Companies, Inc. sold 312,195 shares to Barington Capital Group,
L.P., 100,742 shares to Ramius Securities, LLC and 212,933 shares to Starboard
Value & Opportunity Fund, LLC. Each entity purchased shares of Common Stock at a
price per share of $0.36.
Two of the Reporting Entities--MM Companies, Inc. and Jewelcor Management,
Inc.--no longer beneficially own any shares of Common Stock. Such persons
disclaim membership in any "group" with Barington Companies Equity Partners,
L.P., Ramius Capital Group, LLC, Ramius Halifax Partners, L.P., Barington
Capital Group, L.P., Ramius Securities, LLC and Starboard Value & Opportunity
Fund for purposes of Section 13 of the Securities Exchange Act of 1934, as
amended, and will not be included in future amendments to this Schedule 13D.
Item 5(a) of the Schedule 13D, "Interest in Securities of the
Issuer," is deleted in its entirety and replaced with the following:
(a) As of the date hereof, the Reporting Entities own an aggregate of
shares of Common Stock, representing approximately 10.4% of the outstanding
shares of Common Stock based upon the 26,703,862 shares of Common Stock reported
by the Company to be issued and outstanding as of May 11, 2004 in its Quarterly
Report on Form 10-Q for the quarter ended March 31, 2004.
As of the date hereof, Barington Company Equities Partners, L.P.
beneficially owns an aggregate of 648,890 shares of Common Stock, representing
approximately 2.4% of the outstanding shares of Common Stock.
As of the date hereof, Ramius Capital Group, LLC beneficially owns an
aggregate of 313,695 shares of Common Stock, representing approximately 1.2% of
the outstanding shares of Common Stock.
As of the date hereof, Ramius Halifax Partners, L.P. beneficially owns an
aggregate of 313,695 shares of Common Stock, representing approximately 1.2% of
the outstanding shares of Common Stock.
As of the date hereof, Barington Capital Group, L.P. beneficially owns an
aggregate of 629,640 shares of Common Stock, representing approximately 2.3% of
the outstanding shares of Common Stock.
-12-
As of the date hereof, Ramius Securities, LLC owns an aggregate of 150,742
shares of Common Stock, representing approximately 0.6% of the outstanding
shares of Common Stock.
As of the date hereof, Starboard Value & Opportunity Fund, LLC owns an
aggregate of 728,898 shares of Common Stock, representing approximately 2.7% of
the outstanding shares of Common Stock.
Item 7 of the Schedule 13D, "Materials to be Filed as Exhibits," is
amended by adding the following:
99.1 Securities Purchase Agreement among Jewelcor Management, Inc.,
Seymour Holtzman, Barington Capital Group, L.P., James A.
Mitarotonda and Ramius Securities, LLC dated as of May 13, 2004.
99.2 Agreement of Joint Filing among Barington Companies Equity Partners,
L.P., Jewelcor Management, Inc., Ramius Capital Group, LLC, Ramius
Halifax Partners, LLC and MM Companies, Inc. dated May 25, 2004.
-13-
SIGNATURES
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certify that the information set forth in this
Schedule 13D--Amendment No. 3 is true, complete and correct.
Dated: May 25, 2004
BARINGTON COMPANIES EQUITY PARTNERS, L.P.
By Barington Companies Investors, LLC, its general partner
By /s/ James A. Mitarotonda
------------------------------------
Name: James A. Mitarotonda
Title: Manager
RAMIUS CAPITAL GROUP, LLC
By /s/ Jeffrey M. Solomon
------------------------------------
Name: Jeffrey M. Solomon
Title: Authorized Signatory
RAMIUS HALIFAX PARTNERS, LLC
By /s/ Jeffrey M. Solomon
------------------------------------
Name: Jeffrey M. Solomon
Title: Authorized Signatory
MM COMPANIES, INC.
By /s/ Seymour Holtzman
------------------------------------
Name: Seymour Holtzman
Title: Chairman of the Board
-14-
JEWELCOR MANAGEMENT, INC.
By /s/ Seymour Holtzman
------------------------------------
Name: Seymour Holtzman
Title: Chairman and Chief Executive Officer
BARINGTON CAPITAL GROUP, L.P.
By: LNA Capital Corp., its General Partner
By /s/ James A. Mitarotonda
------------------------------------
Name: James A. Mitarotonda
Title: President and Chief Financial Officer
RAMIUS SECURITIES, LLC
By: Ramius Capital Group, LLC,
its managing member
By /s/ Peter A. Cohen
------------------------------------
Name: Peter A. Cohen
Title: Manager
STARBOARD VALUE & OPPORTUNITY FUND, LLC
By: Admiral Advisors LLC, its managing member
By /s/ Jeffrey A. Solomon
------------------------------------
Name: Jeffrey A. Solomon
Title: Authorized Signatory
-15-