UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
(Amendment No. 2)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
Dillard’s Inc.
(Name of Issuer)
Class A Common Stock, par value $0.01 per share
(Title of Class of Securities)
254067101
(CUSIP Number)
Peter G. Smith, Esq.
Kramer Levin Naftalis & Frankel LLP
1177 Avenue of the Americas
New York, NY 10036
(212) 715-9100
Marc Weingarten, Esq.
Schulte Roth & Zabel LLP
919 Third Avenue
New York, NY 10022
(212) 756-2000
(Name, Address and Telephone Number of
Person Authorized to Receive Notices
and Communications)
March 17, 2008
(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 Rule 13d-1(e), 13d-1(f), or 13d-1(g), check the following box:[ ].
(Continued on following pages)
(Page 1 of 41 Pages)
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SCHEDULE 13D |
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CUSIP No. 254067101 |
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Page 2 of 41 Pages |
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1) |
NAME OF REPORTING PERSON |
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Barington Companies Equity Partners, L.P. |
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2) |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) |
x |
|
|
|
(b) |
o |
|
3) |
SEC USE ONLY |
|
|
|
4) |
SOURCE OF FUNDS |
|
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|
WC |
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5) |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED |
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PURSUANT TO ITEMS 2(d) OR 2(e) |
|
o |
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6) |
CITIZENSHIP OR PLACE OF ORGANIZATION |
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|
Delaware |
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7) SOLE VOTING POWER |
|
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|
|
NUMBER OF |
656,030 |
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SHARES |
|
|
|
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|
BENEFICIALLY |
8) SHARED VOTING POWER |
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OWNED BY |
None |
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|
|
EACH |
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|
|
|
REPORTING |
9) SOLE DISPOSITIVE POWER |
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|
PERSON |
656,030 |
|
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WITH |
|
|
|
|
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10) SHARED DISPOSITIVE POWER |
|
|
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|
None |
|
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11) |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|
|
|
|
656,030 |
|
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12) |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
|
o |
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13) |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
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|
0.92% |
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14) |
TYPE OF REPORTING PERSON |
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PN |
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SCHEDULE 13D |
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CUSIP No. 254067101 |
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Page 3 of 41 Pages |
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1) |
NAME OF REPORTING PERSON |
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Barington Companies Investors, LLC |
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2) |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) |
x |
|
|
|
(b) |
o |
|
3) |
SEC USE ONLY |
|
|
|
4) |
SOURCE OF FUNDS |
|
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|
|
OO |
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|
5) |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED |
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PURSUANT TO ITEMS 2(d) OR 2(e) |
|
o |
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6) |
CITIZENSHIP OR PLACE OF ORGANIZATION |
|
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|
|
Delaware |
|
|
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|
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7) SOLE VOTING POWER |
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NUMBER OF |
656,030 |
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|
SHARES |
|
|
|
|
|
BENEFICIALLY |
8) SHARED VOTING POWER |
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OWNED BY |
None |
|
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|
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EACH |
|
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REPORTING |
9) SOLE DISPOSITIVE POWER |
|
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|
|
PERSON |
656,030 |
|
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WITH |
|
|
|
|
|
|
10) SHARED DISPOSITIVE POWER |
|
|
|
|
|
None |
|
|
|
11) |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|
|
|
|
656,030 |
|
|
|
12) |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
|
o |
|
13) |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
|
|
|
|
0.92% |
|
|
|
14) |
TYPE OF REPORTING PERSON |
|
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|
OO |
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SCHEDULE 13D |
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CUSIP No. 254067101 |
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Page 4 of 41 Pages |
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1) |
NAME OF REPORTING PERSON |
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Barington Investments, L.P. |
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2) |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) |
x |
|
|
|
(b) |
o |
|
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) |
|
o |
|
6) |
CITIZENSHIP OR PLACE OF ORGANIZATION |
|
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|
|
Delaware |
|
|
|
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7) SOLE VOTING POWER |
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NUMBER OF |
434,307 |
|
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|
SHARES |
|
|
|
|
|
BENEFICIALLY |
8) SHARED VOTING POWER |
|
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|
OWNED BY |
None |
|
|
|
|
EACH |
|
|
|
|
|
REPORTING |
9) SOLE DISPOSITIVE POWER |
|
|
|
|
PERSON |
434,307 |
|
|
|
|
WITH |
|
|
|
|
|
|
10) SHARED DISPOSITIVE POWER |
|
|
|
|
|
None |
|
|
|
11) |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|
|
|
|
434,307 |
|
|
|
12) |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
|
o |
|
13) |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
|
|
|
|
0.61% |
|
|
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14) |
TYPE OF REPORTING PERSON |
|
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|
PN |
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SCHEDULE 13D |
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CUSIP No. 254067101 |
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Page 5 of 41 Pages |
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1) |
NAME OF REPORTING PERSON |
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Barington Companies Advisors, LLC |
|
|
|
2) |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) |
x |
|
|
|
(b) |
o |
|
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) |
|
o |
|
6) |
CITIZENSHIP OR PLACE OF ORGANIZATION |
|
|
|
|
Delaware |
|
|
|
|
|
7) SOLE VOTING POWER |
|
|
|
|
NUMBER OF |
434,307 |
|
|
|
|
SHARES |
|
|
|
|
|
BENEFICIALLY |
8) SHARED VOTING POWER |
|
|
|
|
OWNED BY |
None |
|
|
|
|
EACH |
|
|
|
|
|
REPORTING |
9) SOLE DISPOSITIVE POWER |
|
|
|
|
PERSON |
434,307 |
|
|
|
|
WITH |
|
|
|
|
|
|
10) SHARED DISPOSITIVE POWER |
|
|
|
|
|
None |
|
|
|
11) |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|
|
|
|
434,307 |
|
|
|
12) |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
|
o |
|
13) |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
|
|
|
|
0.61% |
|
|
|
14) |
TYPE OF REPORTING PERSON |
|
|
|
|
OO |
|
|
|
|
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SCHEDULE 13D |
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CUSIP No. 254067101 |
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Page 6 of 41 Pages |
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1) |
NAME OF REPORTING PERSON |
|
|
|
|
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|
Barington Companies Offshore Fund, Ltd. |
|
|
|
2) |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) |
x |
|
|
|
(b) |
o |
|
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) |
|
o |
|
6) |
CITIZENSHIP OR PLACE OF ORGANIZATION |
|
|
|
|
British Virgin Islands |
|
|
|
|
|
7) SOLE VOTING POWER |
|
|
|
|
NUMBER OF |
1,144,532 |
|
|
|
|
SHARES |
|
|
|
|
|
BENEFICIALLY |
8) SHARED VOTING POWER |
|
|
|
|
OWNED BY |
None |
|
|
|
|
EACH |
|
|
|
|
|
REPORTING |
9) SOLE DISPOSITIVE POWER |
|
|
|
|
PERSON |
1,144,532 |
|
|
|
|
WITH |
|
|
|
|
|
|
10) SHARED DISPOSITIVE POWER |
|
|
|
|
|
None |
|
|
|
11) |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|
|
|
|
1,144,532 |
|
|
|
12) |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
|
o |
|
13) |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
|
|
|
|
1.61% |
|
|
|
14) |
TYPE OF REPORTING PERSON |
|
|
|
|
OO |
|
|
|
|
|
SCHEDULE 13D |
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CUSIP No. 254067101 |
|
Page 7 of 41 Pages |
|
1) |
NAME OF REPORTING PERSON |
|
|
|
|
|
|
|
|
|
Barington Offshore Advisors II, LLC |
|
|
|
2) |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) |
x |
|
|
|
(b) |
o |
|
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) |
|
o |
|
6) |
CITIZENSHIP OR PLACE OF ORGANIZATION |
|
|
|
|
Delaware |
|
|
|
|
|
7) SOLE VOTING POWER |
|
|
|
|
NUMBER OF |
1,144,532 |
|
|
|
|
SHARES |
|
|
|
|
|
BENEFICIALLY |
8) SHARED VOTING POWER |
|
|
|
|
OWNED BY |
None |
|
|
|
|
EACH |
|
|
|
|
|
REPORTING |
9) SOLE DISPOSITIVE POWER |
|
|
|
|
PERSON |
1,144,532 |
|
|
|
|
WITH |
|
|
|
|
|
|
10) SHARED DISPOSITIVE POWER |
|
|
|
|
|
None |
|
|
|
11) |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|
|
|
|
1,144,532 |
|
|
|
12) |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
|
o |
|
13) |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
|
|
|
|
1.61% |
|
|
|
14) |
TYPE OF REPORTING PERSON |
|
|
|
|
IA, OO |
|
|
|
|
|
SCHEDULE 13D |
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|
CUSIP No. 254067101 |
|
Page 8 of 41 Pages |
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1) |
NAME OF REPORTING PERSON |
|
|
|
|
|
|
|
|
|
Barington Capital Group, L.P. |
|
|
|
2) |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) |
x |
|
|
|
(b) |
o |
|
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) |
|
o |
|
6) |
CITIZENSHIP OR PLACE OF ORGANIZATION |
|
|
|
|
New York |
|
|
|
|
|
7) SOLE VOTING POWER |
|
|
|
|
NUMBER OF |
2,234,869 |
|
|
|
|
SHARES |
|
|
|
|
|
BENEFICIALLY |
8) SHARED VOTING POWER |
|
|
|
|
OWNED BY |
None |
|
|
|
|
EACH |
|
|
|
|
|
REPORTING |
9) SOLE DISPOSITIVE POWER |
|
|
|
|
PERSON |
2,234,869 |
|
|
|
|
WITH |
|
|
|
|
|
|
10) SHARED DISPOSITIVE POWER |
|
|
|
|
|
None |
|
|
|
11) |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|
|
|
|
2,234,869 |
|
|
|
12) |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
|
o |
|
13) |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
|
|
|
|
3.14% |
|
|
|
14) |
TYPE OF REPORTING PERSON |
|
|
|
|
PN |
|
|
|
|
|
SCHEDULE 13D |
|
|
|
CUSIP No. 254067101 |
|
Page 9 of 41 Pages |
|
1) |
NAME OF REPORTING PERSON |
|
|
|
|
|
|
|
|
|
LNA Capital Corp. |
|
|
|
2) |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) |
x |
|
|
|
(b) |
o |
|
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) |
|
o |
|
6) |
CITIZENSHIP OR PLACE OF ORGANIZATION |
|
|
|
|
Delaware |
|
|
|
|
|
7) SOLE VOTING POWER |
|
|
|
|
NUMBER OF |
2,234,869 |
|
|
|
|
SHARES |
|
|
|
|
|
BENEFICIALLY |
8) SHARED VOTING POWER |
|
|
|
|
OWNED BY |
None |
|
|
|
|
EACH |
|
|
|
|
|
REPORTING |
9) SOLE DISPOSITIVE POWER |
|
|
|
|
PERSON |
2,234,869 |
|
|
|
|
WITH |
|
|
|
|
|
|
10) SHARED DISPOSITIVE POWER |
|
|
|
|
|
None |
|
|
|
11) |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|
|
|
|
2,234,869 |
|
|
|
12) |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
|
o |
|
13) |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
|
|
|
|
3.14% |
|
|
|
14) |
TYPE OF REPORTING PERSON |
|
|
|
|
CO |
|
|
|
|
|
SCHEDULE 13D |
|
|
|
CUSIP No. 254067101 |
|
Page 10 of 41 Pages |
|
1) |
NAME OF REPORTING PERSON |
|
|
|
|
|
|
|
|
|
James A. Mitarotonda |
|
|
|
2) |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) |
x |
|
|
|
(b) |
o |
|
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) |
|
o |
|
6) |
CITIZENSHIP OR PLACE OF ORGANIZATION |
|
|
|
|
United States |
|
|
|
|
|
7) SOLE VOTING POWER |
|
|
|
|
NUMBER OF |
2,234,869 |
|
|
|
|
SHARES |
|
|
|
|
|
BENEFICIALLY |
8) SHARED VOTING POWER |
|
|
|
|
OWNED BY |
None |
|
|
|
|
EACH |
|
|
|
|
|
REPORTING |
9) SOLE DISPOSITIVE POWER |
|
|
|
|
PERSON |
2,234,869 |
|
|
|
|
WITH |
|
|
|
|
|
|
10) SHARED DISPOSITIVE POWER |
|
|
|
|
|
None |
|
|
|
11) |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|
|
|
|
2,234,869 |
|
|
|
12) |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
|
o |
|
13) |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
|
|
|
|
3.14% |
|
|
|
14) |
TYPE OF REPORTING PERSON |
|
|
|
|
IN |
|
|
|
|
|
SCHEDULE 13D |
|
|
|
CUSIP No. 254067101 |
|
Page 11 of 41 Pages |
|
1) |
NAME OF REPORTING PERSON |
|
|
|
|
|
|
|
|
|
RJG Capital Partners, L.P. |
|
|
|
2) |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) |
x |
|
|
|
(b) |
o |
|
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) |
|
o |
|
6) |
CITIZENSHIP OR PLACE OF ORGANIZATION |
|
|
|
|
Delaware |
|
|
|
|
|
7) SOLE VOTING POWER |
|
|
|
|
NUMBER OF |
11,500 |
|
|
|
|
SHARES |
|
|
|
|
|
BENEFICIALLY |
8) SHARED VOTING POWER |
|
|
|
|
OWNED BY |
None |
|
|
|
|
EACH |
|
|
|
|
|
REPORTING |
9) SOLE DISPOSITIVE POWER |
|
|
|
|
PERSON |
11,500 |
|
|
|
|
WITH |
|
|
|
|
|
|
10) SHARED DISPOSITIVE POWER |
|
|
|
|
|
None |
|
|
|
11) |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|
|
|
|
11,500 |
|
|
|
12) |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
|
o |
|
13) |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
|
|
|
|
0.02% |
|
|
|
14) |
TYPE OF REPORTING PERSON |
|
|
|
|
PN |
|
|
|
|
|
SCHEDULE 13D |
|
|
|
CUSIP No. 254067101 |
|
Page 12 of 41 Pages |
|
1) |
NAME OF REPORTING PERSON |
|
|
|
|
|
|
|
|
|
RJG Capital Management, LLC |
|
|
|
2) |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) |
x |
|
|
|
(b) |
o |
|
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) |
|
o |
|
6) |
CITIZENSHIP OR PLACE OF ORGANIZATION |
|
|
|
|
Delaware |
|
|
|
|
|
7) SOLE VOTING POWER |
|
|
|
|
NUMBER OF |
11,500 |
|
|
|
|
SHARES |
|
|
|
|
|
BENEFICIALLY |
8) SHARED VOTING POWER |
|
|
|
|
OWNED BY |
None |
|
|
|
|
EACH |
|
|
|
|
|
REPORTING |
9) SOLE DISPOSITIVE POWER |
|
|
|
|
PERSON |
11,500 |
|
|
|
|
WITH |
|
|
|
|
|
|
10) SHARED DISPOSITIVE POWER |
|
|
|
|
|
None |
|
|
|
11) |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|
|
|
|
11,500 |
|
|
|
12) |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
|
o |
|
13) |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
|
|
|
|
0.02% |
|
|
|
14) |
TYPE OF REPORTING PERSON |
|
|
|
|
OO |
|
|
|
|
|
SCHEDULE 13D |
|
|
|
CUSIP No. 254067101 |
|
Page 13 of 41 Pages |
|
1) |
NAME OF REPORTING PERSON |
|
|
|
|
|
|
|
|
|
Ronald J. Gross |
|
|
|
2) |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) |
x |
|
|
|
(b) |
o |
|
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) |
|
o |
|
6) |
CITIZENSHIP OR PLACE OF ORGANIZATION |
|
|
|
|
United States |
|
|
|
|
|
7) SOLE VOTING POWER |
|
|
|
|
NUMBER OF |
11,500 |
|
|
|
|
SHARES |
|
|
|
|
|
BENEFICIALLY |
8) SHARED VOTING POWER |
|
|
|
|
OWNED BY |
None |
|
|
|
|
EACH |
|
|
|
|
|
REPORTING |
9) SOLE DISPOSITIVE POWER |
|
|
|
|
PERSON |
11,500 |
|
|
|
|
WITH |
|
|
|
|
|
|
10) SHARED DISPOSITIVE POWER |
|
|
|
|
|
None |
|
|
|
11) |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|
|
|
|
11,500 |
|
|
|
12) |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
|
o |
|
13) |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
|
|
|
|
0.02% |
|
|
|
14) |
TYPE OF REPORTING PERSON |
|
|
|
|
IN |
|
|
|
|
|
SCHEDULE 13D |
|
|
|
CUSIP No. 254067101 |
|
Page 14 of 41 Pages |
|
1) |
NAME OF REPORTING PERSON |
|
|
|
|
|
|
|
|
|
Clinton Multistrategy Master Fund, Ltd. |
|
|
|
2) |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) |
x |
|
|
|
(b) |
o |
|
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) |
|
o |
|
6) |
CITIZENSHIP OR PLACE OF ORGANIZATION |
|
|
|
|
Cayman Islands |
|
|
|
|
|
7) SOLE VOTING POWER |
|
|
|
|
NUMBER OF |
None |
|
|
|
|
SHARES |
|
|
|
|
|
BENEFICIALLY |
8) SHARED VOTING POWER |
|
|
|
|
OWNED BY |
463,200 |
|
|
|
|
EACH |
|
|
|
|
|
REPORTING |
9) SOLE DISPOSITIVE POWER |
|
|
|
|
PERSON |
None |
|
|
|
|
WITH |
|
|
|
|
|
|
10) SHARED DISPOSITIVE POWER |
|
|
|
|
|
463,200 |
|
|
|
11) |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|
|
|
|
463,200 |
|
|
|
12) |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
|
o |
|
13) |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
|
|
|
|
0.65% |
|
|
|
14) |
TYPE OF REPORTING PERSON |
|
|
|
|
CO |
|
|
|
|
|
SCHEDULE 13D |
|
|
|
CUSIP No. 254067101 |
|
Page 15 of 41 Pages |
|
1) |
NAME OF REPORTING PERSON |
|
|
|
|
|
|
|
|
|
Clinton Special Opportunities Master Fund, Ltd. |
|
|
|
2) |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) |
x |
|
|
|
(b) |
o |
|
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) |
|
o |
|
6) |
CITIZENSHIP OR PLACE OF ORGANIZATION |
|
|
|
|
Cayman Islands |
|
|
|
|
|
7) SOLE VOTING POWER |
|
|
|
|
NUMBER OF |
None |
|
|
|
|
SHARES |
|
|
|
|
|
BENEFICIALLY |
8) SHARED VOTING POWER |
|
|
|
|
OWNED BY |
20,000 |
|
|
|
|
EACH |
|
|
|
|
|
REPORTING |
9) SOLE DISPOSITIVE POWER |
|
|
|
|
PERSON |
None |
|
|
|
|
WITH |
|
|
|
|
|
|
10) SHARED DISPOSITIVE POWER |
|
|
|
|
|
20,000 |
|
|
|
11) |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|
|
|
|
20,000 |
|
|
|
12) |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
|
o |
|
13) |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
|
|
|
|
0.03% |
|
|
|
14) |
TYPE OF REPORTING PERSON |
|
|
|
|
CO |
|
|
|
|
|
SCHEDULE 13D |
|
|
|
CUSIP No. 254067101 |
|
Page 16 of 41 Pages |
|
1) |
NAME OF REPORTING PERSON |
|
|
|
|
|
|
|
|
|
Clinton Magnolia Master Fund, Ltd. |
|
|
|
2) |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) |
x |
|
|
|
(b) |
o |
|
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) |
|
o |
|
6) |
CITIZENSHIP OR PLACE OF ORGANIZATION |
|
|
|
|
Cayman Islands |
|
|
|
|
|
7) SOLE VOTING POWER |
|
|
|
|
NUMBER OF |
None |
|
|
|
|
SHARES |
|
|
|
|
|
BENEFICIALLY |
8) SHARED VOTING POWER |
|
|
|
|
OWNED BY |
1,123,500 |
|
|
|
|
EACH |
|
|
|
|
|
REPORTING |
9) SOLE DISPOSITIVE POWER |
|
|
|
|
PERSON |
None |
|
|
|
|
WITH |
|
|
|
|
|
|
10) SHARED DISPOSITIVE POWER |
|
|
|
|
|
1,123,500 |
|
|
|
11) |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|
|
|
|
1,123,500 |
|
|
|
12) |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
|
o |
|
13) |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
|
|
|
|
1.58% |
|
|
|
14) |
TYPE OF REPORTING PERSON |
|
|
|
|
CO |
|
|
|
|
|
SCHEDULE 13D |
|
|
|
CUSIP No. 254067101 |
|
Page 17 of 41 Pages |
|
1) |
NAME OF REPORTING PERSON |
|
|
|
|
|
|
|
|
|
Clinton Lexington Master Fund, L.P. |
|
|
|
2) |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) |
x |
|
|
|
(b) |
o |
|
3) |
SEC USE ONLY |
|
|
|
4) |
SOURCE OF FUNDS |
|
|
|
|
AF |
|
|
|
5) |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED |
|
|
|
|
PURSUANT TO ITEMS 2(d) OR 2(e) |
|
o |
|
6) |
CITIZENSHIP OR PLACE OF ORGANIZATION |
|
|
|
|
Cayman Islands |
|
|
|
|
|
7) SOLE VOTING POWER |
|
|
|
|
NUMBER OF |
None |
|
|
|
|
SHARES |
|
|
|
|
|
BENEFICIALLY |
8) SHARED VOTING POWER |
|
|
|
|
OWNED BY |
149,700 |
|
|
|
|
EACH |
|
|
|
|
|
REPORTING |
9) SOLE DISPOSITIVE POWER |
|
|
|
|
PERSON |
None |
|
|
|
|
WITH |
|
|
|
|
|
|
10) SHARED DISPOSITIVE POWER |
|
|
|
|
|
149,700 |
|
|
|
11) |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|
|
|
|
149,700 |
|
|
|
12) |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
|
o |
|
13) |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
|
|
|
|
0.21% |
|
|
|
14) |
TYPE OF REPORTING PERSON |
|
|
|
|
PN |
|
|
|
|
|
SCHEDULE 13D |
|
|
|
CUSIP No. 254067101 |
|
Page 18 of 41 Pages |
|
1) |
NAME OF REPORTING PERSON |
|
|
|
|
|
|
|
|
|
Clinton Group, Inc. |
|
|
|
2) |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) |
x |
|
|
|
(b) |
o |
|
3) |
SEC USE ONLY |
|
|
|
4) |
SOURCE OF FUNDS |
|
|
|
|
AF |
|
|
|
5) |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED |
|
|
|
|
PURSUANT TO ITEMS 2(d) OR 2(e) |
|
o |
|
6) |
CITIZENSHIP OR PLACE OF ORGANIZATION |
|
|
|
|
Delaware |
|
|
|
|
|
7) SOLE VOTING POWER |
|
|
|
|
NUMBER OF |
None |
|
|
|
|
SHARES |
|
|
|
|
|
BENEFICIALLY |
8) SHARED VOTING POWER |
|
|
|
|
OWNED BY |
1,756,400 |
|
|
|
|
EACH |
|
|
|
|
|
REPORTING |
9) SOLE DISPOSITIVE POWER |
|
|
|
|
PERSON |
None |
|
|
|
|
WITH |
|
|
|
|
|
|
10) SHARED DISPOSITIVE POWER |
|
|
|
|
|
1,756,400 |
|
|
|
11) |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|
|
|
|
1,756,400 |
|
|
|
12) |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
|
o |
|
13) |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
|
|
|
|
2.47% |
|
|
|
14) |
TYPE OF REPORTING PERSON |
|
|
|
|
IA, CO |
|
|
|
|
|
SCHEDULE 13D |
|
|
|
CUSIP No. 254067101 |
|
Page 19 of 41 Pages |
|
1) |
NAME OF REPORTING PERSON |
|
|
|
|
|
|
|
|
|
George E. Hall |
|
|
|
2) |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) |
x |
|
|
|
(b) |
o |
|
3) |
SEC USE ONLY |
|
|
|
4) |
SOURCE OF FUNDS |
|
|
|
|
AF |
|
|
|
5) |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED |
|
|
|
|
PURSUANT TO ITEMS 2(d) OR 2(e) |
|
o |
|
6) |
CITIZENSHIP OR PLACE OF ORGANIZATION |
|
|
|
|
United States |
|
|
|
|
|
7) SOLE VOTING POWER |
|
|
|
|
NUMBER OF |
None |
|
|
|
|
SHARES |
|
|
|
|
|
BENEFICIALLY |
8) SHARED VOTING POWER |
|
|
|
|
OWNED BY |
1,756,400 |
|
|
|
|
EACH |
|
|
|
|
|
REPORTING |
9) SOLE DISPOSITIVE POWER |
|
|
|
|
PERSON |
None |
|
|
|
|
WITH |
|
|
|
|
|
|
10) SHARED DISPOSITIVE POWER |
|
|
|
|
|
1,756,400 |
|
|
|
11) |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|
|
|
|
1,756,400 |
|
|
|
12) |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
|
o |
|
13) |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
|
|
|
|
2.47% |
|
|
|
14) |
TYPE OF REPORTING PERSON |
|
|
|
|
IN |
|
|
|
Page 20 of 41
This Amendment No. 2 amends and supplements the Schedule 13D filed with the Securities and Exchange Commission (the “SEC”) on January 29, 2008, as amended by that certain Amendment No. 1 filed with the SEC on March 4, 2008 (collectively, the "Statement"), by and on behalf of Barington Companies Equity Partners, L.P. (“Barington”) and others with respect to the Class A common stock, par value $0.01 per share (the “Common Stock”), of Dillard’s Inc., a Delaware corporation (the “Company”). The principal executive offices of the Company are located at 1600 Cantrell Road, Little Rock, Arkansas 72201.
Item 2. |
Identity and Background. |
The second paragraph of Item 2 (a) - (c) of the Statement is hereby amended and restated as follows:
As of March 18, 2008, the Reporting Entities are the beneficial owners of, in the aggregate, 4,002,769 shares of Common Stock, representing approximately 5.63% of the shares of Common Stock presently outstanding based upon the 71,155,347 shares of Common Stock reported by the Company to be issued and outstanding as of December 1, 2007 in its Form 10-Q filed with the SEC on December 5, 2007 (the “Issued and Outstanding Shares”).
Item 3. |
Source and Amount of Funds or Other Consideration. |
|
Item 3 of the Statement is hereby amended and supplemented as follows: |
Since the filing of the Statement, the Reporting Entities purchased an aggregate of 79,550 shares of Common Stock and 300,000 shares of Common Stock subject to presently exercisable American-style call options. The amount of funds expended for purchases of Common Stock was approximately $1,320,530.00 by Clinton Magnolia Master Fund, Ltd. The amount of funds expended for purchases of presently exercisable American-style call options to acquire Common Stock was approximately $41,745.06 by Barington Companies Equity Partners, L.P., $27,546.06 by Barington Investments, L.P. and $72,698.88 by Barington Companies Offshore Fund, Ltd.
All purchases of Common Stock and presently exercisable American-style call options to acquire Common Stock by the Reporting Entities since the filing of the Statement were made in open market transactions. All such purchases of Common Stock and presently exercisable American-style call options to acquire Common Stock were funded by working capital, which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business. All transactions in shares of Common Stock effected by the Reporting Entities since the filing of the Statement, including, without limitation, shares of Common Stock subject to listed American-style call and put options, are set forth in the Schedule attached hereto and incorporated herein by reference.
Page 21 of 41
Item 4. |
Purpose of Transaction. |
|
Item 4 of the Statement is hereby amended and supplemented as follows: |
On March 17, 2008, Barington delivered to the Secretary of the Company a letter dated March 17, 2008 (the “Nomination Letter”) notifying the Company of Barington’s intention to nominate four (4) persons for election to the Board of Directors of the Company at the 2008 Annual Meeting of Stockholders of the Company. A copy of the Nomination Letter is attached as Exhibit 99.5 hereto and incorporated herein by reference. The foregoing description of the Nomination Letter is qualified in its entirety by reference to such exhibit.
On March 19, 2008, Barington Capital Group, L.P., an affiliate of Barington, issued a press release announcing Barington’s intention to nominate four (4) persons for election to the Board of Directors of the Company at the 2008 Annual Meeting of Stockholders of the Company. A copy of the press release is attached as Exhibit 99.6 hereto and incorporated herein by reference. The foregoing description of the press release is qualified in its entirety by reference to such exhibit.
Item 5. |
Interest in Securities of the Issuer. |
Items 5(a) - (c) of the Statement are hereby amended and restated as follows:
(a) – (b) As of March 18, 2008, Barington Companies Equity Partners, L.P. beneficially owns an aggregate of 656,030 shares of Common Stock, which includes 88,200 shares of Common Stock subject to call options, representing approximately 0.92% of the Issued and Outstanding Shares. As of March 18, 2008, Barington Investments, L.P. beneficially owns 434,307 shares of Common Stock, which includes 58,200 shares of Common Stock subject to call options, representing approximately 0.61% of the Issued and Outstanding Shares. As of March 18, 2008, Barington Companies Offshore Fund, Ltd. beneficially owns 1,144,532 shares of Common Stock, which includes 153,600 shares of Common Stock subject to call options, representing approximately 1.61% of the Issued and Outstanding Shares. As the general partner of Barington Companies Equity Partners, L.P., Barington Companies Investors, LLC may be deemed to beneficially own the 656,030 shares of Common Stock beneficially owned by Barington Companies Equity Partners, L.P., which includes 88,200 shares of Common Stock subject to call options, representing approximately 0.92% of the Issued and Outstanding Shares. As the general partner of Barington Investments, L.P., Barington Companies Advisors, LLC may be deemed to beneficially own the 434,307 shares of Common Stock beneficially owned by Barington Investments, L.P., which includes 58,200 shares of Common Stock subject to call options, representing approximately 0.61% of the Issued and Outstanding Shares. As the investment advisor to Barington Companies Offshore Fund, Ltd., Barington Offshore Advisors II, LLC may be deemed to beneficially own the 1,144,532 shares of Common Stock beneficially owned by Barington Companies Offshore Fund, Ltd., which includes 153,600 shares of Common Stock subject to call options, representing approximately 1.61% of the Issued and Outstanding Shares. As the majority member of Barington Companies Investors, LLC, Barington Companies Advisors, LLC and Barington Offshore Advisors II, LLC, Barington Capital Group, L.P. may be deemed to beneficially own the 656,030 shares of Common Stock beneficially owned by Barington Companies Equity Partners, L.P., the 434,307 shares of Common Stock beneficially owned by Barington Investments, L.P. and the 1,144,532 shares of Common Stock beneficially owned by Barington Companies Offshore Fund, Ltd., constituting an aggregate of 2,234,869 shares of Common Stock, including an aggregate of 300,000 shares of Common Stock subject to
Page 22 of 41
call options, representing approximately 3.14% of the Issued and Outstanding Shares. As the general partner of Barington Capital Group, L.P., LNA Capital Corp. may be deemed to beneficially own the 656,030 shares of Common Stock beneficially owned by Barington Companies Equity Partners, L.P., the 434,307 shares of Common Stock beneficially owned by Barington Investments, L.P. and the 1,144,532 shares of Common Stock beneficially owned by Barington Companies Offshore Fund, Ltd., constituting an aggregate of 2,234,869 shares of Common Stock, including an aggregate of 300,000 shares of Common Stock subject to call options, representing approximately 3.14% of the Issued and Outstanding Shares. As the sole stockholder and director of LNA Capital Corp., James A. Mitarotonda may be deemed to beneficially own the 656,030 shares of Common Stock beneficially owned by Barington Companies Equity Partners, L.P., the 434,307 shares of Common Stock beneficially owned by Barington Investments, L.P. and the 1,144,532 shares of Common Stock beneficially owned by Barington Companies Offshore Fund, Ltd., constituting an aggregate of 2,234,869 shares of Common Stock, including an aggregate of 300,000 shares of Common Stock subject to call options, representing approximately 3.14% of the Issued and Outstanding Shares. Mr. Mitarotonda has sole voting and dispositive power with respect to the 656,030 shares of Common Stock beneficially owned by Barington Companies Equity Partners, L.P., which includes 88,200 shares of Common Stock subject to call options, the 434,307 shares of Common Stock beneficially owned by Barington Investments, L.P., which includes 58,200 shares of Common Stock subject to call options, and the 1,144,532 shares of Common Stock beneficially owned by Barington Companies Offshore Fund, Ltd., which includes 153,600 shares of Common Stock subject to call options. Mr. Mitarotonda disclaims beneficial ownership of any such shares except to the extent of his pecuniary interest therein.
As of March 18, 2008, RJG Capital Partners, L.P. beneficially owns 11,500 shares of Common Stock, representing approximately 0.02% of the Issued and Outstanding Shares. As the general partner of RJG Capital Partners, L.P., RJG Capital Management, LLC may be deemed to beneficially own the 11,500 shares owned by RJG Capital Partners, L.P., representing approximately 0.02% of the Issued and Outstanding Shares. As the managing member of RJG Capital Management, LLC, which in turn is the general partner of RJG Capital Partners, L.P., Mr. Gross may be deemed to beneficially own the 11,500 shares owned by RJG Capital Partners, L.P., representing approximately 0.02% of the Issued and Outstanding Shares. Mr. Gross has sole voting and dispositive power with respect to the 11,500 shares owned by RJG Capital Partners, L.P. by virtue of his authority to vote and dispose of such shares. Mr. Gross disclaims beneficial ownership of any such shares except to the extent of his pecuniary interest therein.
As of March 18, 2008, Clinton Multistrategy Master Fund, Ltd. beneficially owns 463,200 shares of Common Stock, representing approximately 0.65% of the Issued and Outstanding Shares. As of March 18, 2008, Clinton Special Opportunities Master Fund, Ltd. beneficially owns 20,000 shares of Common Stock subject to call options, representing approximately 0.03% of the Issued and Outstanding Shares. As of March 18, 2008, Clinton Magnolia Master Fund, Ltd. beneficially owns 1,123,500 shares of Common Stock, representing approximately 1.58% of the Issued and Outstanding Shares. As of March 18, 2008, Clinton Lexington Master Fund, L.P. beneficially owns 149,700 shares of Common Stock, representing approximately 0.21% of the Issued and Outstanding Shares. By virtue of investment management agreements with each of Clinton Multistrategy Master Fund, Ltd., Clinton Special Opportunities Master Fund, Ltd., Clinton Magnolia Master Fund, Ltd. and Clinton Lexington Master Fund, L.P., Clinton Group, Inc. may be deemed to beneficially own the 463,200 shares of Common Stock beneficially owned by Clinton Multistrategy Master Fund, Ltd., the 20,000
Page 23 of 41
shares of Common Stock subject to call options beneficially owned by Clinton Special Opportunities Master Fund, Ltd., the 1,123,500 shares of Common Stock beneficially owned by Clinton Magnolia Master Fund, Ltd. and the 149,700 shares of Common Stock beneficially owned by Clinton Lexington Master Fund, L.P., constituting an aggregate of 1,756,400 shares of Common Stock, including an aggregate of 20,000 shares of Common Stock subject to call options, representing approximately 2.47% of the Issued and Outstanding Shares. By virtue of his direct and indirect control of Clinton Group, Inc., Mr. Hall may be deemed to beneficially own the 463,200 shares of Common Stock beneficially owned by Clinton Multistrategy Master Fund, Ltd., the 20,000 shares of Common Stock subject to call options beneficially owned by Clinton Special Opportunities Master Fund, Ltd., the 1,123,500 shares of Common Stock beneficially owned by Clinton Magnolia Master Fund, Ltd. and the 149,700 shares of Common Stock beneficially owned by Clinton Lexington Master Fund, L.P., constituting an aggregate of 1,756,400 shares of Common Stock, including an aggregate of 20,000 shares of Common Stock subject to call options, representing approximately 2.47% of the Issued and Outstanding Shares. By virtue of investment management agreements with each of Clinton Multistrategy Master Fund, Ltd., Clinton Special Opportunities Master Fund, Ltd., Clinton Magnolia Master Fund, Ltd. and Clinton Lexington Master Fund, L.P., Clinton Group, Inc. has the power to vote or direct the voting, and to dispose or direct the disposition, of the 463,200 shares of Common Stock beneficially owned by Clinton Multistrategy Master Fund, Ltd., the 20,000 shares of Common Stock subject to call options beneficially owned by Clinton Special Opportunities Master Fund, Ltd., the 1,123,500 shares of Common Stock beneficially owned by Clinton Magnolia Master Fund, Ltd., and the 149,700 shares of Common Stock beneficially owned by Clinton Lexington Master Fund, L.P. By virtue of his direct and indirect control of Clinton Group, Inc., Mr. Hall is deemed to have shared voting power and shared dispositive power with respect to all shares of Common Stock as to which Clinton Group, Inc. has voting power or dispositive power. Accordingly, Clinton Group, Inc. and Mr. Hall are deemed to have shared voting and shared dispositive power with respect to the 463,200 shares of Common Stock beneficially owned by Clinton Multistrategy Master Fund, Ltd., the 20,000 shares of Common Stock subject to call options beneficially owned by Clinton Special Opportunities Master Fund, Ltd., the 1,123,500 shares of Common Stock beneficially owned by Clinton Magnolia Master Fund, Ltd., and the 149,700 shares of Common Stock beneficially owned by Clinton Lexington Master Fund, L.P. Mr. Hall disclaims beneficial ownership of any such shares except to the extent of his pecuniary interest therein.
Except to the extent expressly stated herein, each Reporting Entity disclaims beneficial ownership of any shares of Common Stock beneficially owned by any other Reporting Entity.
The Reporting Entities do not believe that certain of the foregoing information is called for by the Items of Schedule 13D and are disclosing it for supplemental informational purposes only. Information with respect to each of the Reporting Entities is given solely by such Reporting Entity and no Reporting Entity shall have responsibility for the accuracy or completeness of information supplied by another Reporting Entity.
(c) Information concerning all transactions in shares of Common Stock effected by the Reporting Entities since the filing of the Statement, including, without limitation, with respect to shares of Common Stock subject to listed American-style call and put options, is set forth in the Schedule attached hereto and incorporated herein by reference.
Page 24 of 41
Item 6. |
Contracts, Arrangements, Understanding or Relationships With Respect to Securities of the Issuer. |
Item 6 of the Statement is hereby amended and supplemented as follows:
The Clinton Magnolia Master Fund, Ltd. currently has a short economic exposure to 49,500 shares of Common Stock through a cash settled equity swap, the counterparty to which is Morgan Stanley. This contract has a reference price of $16.157 and an expiration date of March 11, 2009. This contract does not give Clinton Magnolia Master Fund Ltd. direct or indirect voting, investment or dispositive control over any securities of the Company and does not require the counterparty thereto to acquire, hold, vote or dispose of any securities of the Company. Accordingly, Clinton Magnolia Master Fund Ltd. disclaims any beneficial ownership in any securities that may be referenced in such contract or that may be held from time to time by the counterparty.
The Reporting Entities do not believe that certain of the foregoing information is called for by the Items of Schedule 13D and are disclosing it for supplemental informational purposes only. Information with respect to each of the Reporting Entities is given solely by such Reporting Entity and no Reporting Entity shall have responsibility for the accuracy or completeness of information supplied by another Reporting Entity.
Item 7. |
Material to be Filed as Exhibits. |
99.5 |
Letter dated March 17, 2008 from Barington to the Secretary of the Company. |
|
|
99.6 |
Press Release issued by Barington Capital Group, L.P., dated March 19, 2008. |
Page 25 of 41
SIGNATURES
After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certify that the information set forth in this Statement is true, complete and correct.
Dated: |
March 19, 2008 |
BARINGTON COMPANIES EQUITY PARTNERS, L.P.
|
By: |
Barington Companies Investors, LLC, its general partner |
By:/s/ James A. Mitarotonda
Name: James A. Mitarotonda
|
Title: |
Managing Member |
BARINGTON COMPANIES INVESTORS, LLC
By: /s/ James A. Mitarotonda
Name: James A. Mitarotonda
Title: Managing Member
BARINGTON INVESTMENTS, L.P.
By: Barington Companies Advisors, LLC, its general partner
By: /s/ James A. Mitarotonda
Name: James A. Mitarotonda
|
Title: |
Managing Member |
BARINGTON COMPANIES ADVISORS, LLC
By: /s/ James A. Mitarotonda
Name: James A. Mitarotonda
|
Title: |
Managing Member |
Page 26 of 41
BARINGTON COMPANIES OFFSHORE FUND, LTD.
By: /s/ James A. Mitarotonda
Name: James A. Mitarotonda
|
Title: |
Authorized Signatory |
BARINGTON OFFSHORE ADVISORS II, LLC
By: /s/ James A. Mitarotonda
Name: James A. Mitarotonda
|
Title: |
Managing Member |
BARINGTON CAPITAL GROUP, L.P.
By: LNA Capital Corp., its general
|
partner |
By: /s/ James A. Mitarotonda
Name: James A. Mitarotonda
|
Title: |
President and CEO |
LNA CAPITAL CORP.
By: /s/ James A. Mitarotonda
Name: James A. Mitarotonda
|
Title: |
President and CEO |
/s/ James A. Mitarotonda
James A. Mitarotonda
RJG CAPITAL PARTNERS, L.P.
By: RJG Capital Management, LLC, its general partner
By: /s/ Ronald J. Gross
Name: Ronald J. Gross
Title: Managing Member
Page 27 of 41
RJG CAPITAL MANAGEMENT, LLC
By: /s/ Ronald J. Gross
Name: Ronald J. Gross
|
Title: |
Managing Member |
/s/ Ronald J. Gross
Ronald J. Gross
CLINTON MULTISTRATEGY MASTER FUND, LTD.
By: Clinton Group, Inc., its investment manager
By: /s/ Francis Ruchalski
Name: Francis Ruchalski
Title: Chief Financial Officer
CLINTON SPECIAL OPPORTUNITIES MASTER FUND, LTD.
By: Clinton Group, Inc., its investment manager
By: /s/ Francis Ruchalski
Name: Francis Ruchalski
Title: Chief Financial Officer
CLINTON MAGNOLIA MASTER FUND, LTD.
By: Clinton Group, Inc., its investment manager
By: /s/ Francis Ruchalski
Name: Francis Ruchalski
Title: Chief Financial Officer
CLINTON LEXINGTON MASTER FUND, L.P.
By: Clinton Group, Inc., its investment manager
By: /s/ Francis Ruchalski
Name: Francis Ruchalski
Title: Chief Financial Officer
Page 28 of 41
CLINTON GROUP, INC.
By: /s/ Francis Ruchalski
Name: Francis Ruchalski
Title: Chief Financial Officer
/s/ George E. Hall
George E. Hall
Page 29 of 41
SCHEDULE
This schedule sets forth information with respect to each purchase and sale of Common Stock and purchase and sale of listed American-style call and put options which were effectuated by a Reporting Entity since the filing of the Statement. All transactions were effectuated in the open market through a broker.
Options purchased and sold by Barington Companies Equity Partners, L.P.
Date |
Transaction Type |
Type |
Quantity |
Exercise Price |
Expiration Date |
Unit Price |
Cost(*) |
3/5/2008 |
Short Sell |
Call |
(29,400) |
$20.00 |
8/15/2008 |
$1.0000 |
($29,400.00) |
3/17/2008 |
Sell |
Put |
(24,900) |
$17.50 |
3/22/2008 |
$1.7519 |
($43,622.31) |
3/18/2008 |
Buy |
Call |
58,800 |
$17.50 |
3/22/2008 |
$0.2361 |
$13,882.68 |
3/18/2008 |
Buy |
Call |
29,400 |
$17.50 |
4/19/2008 |
$0.9477 |
$27,862.38 |
3/18/2008 |
Sell |
Put |
(32,300) |
$17.50 |
3/22/2008 |
$1.0113 |
($32,664.99) |
3/18/2008 |
Short Sell |
Put |
(29,400) |
$15.00 |
5/17/2008 |
$1.0980 |
($32,281.20) |
Options purchased and sold by Barington Investments, L.P.
Date |
Transaction Type |
Type |
Quantity |
Exercise Price |
Expiration Date |
Unit Price |
Cost(*) |
3/5/2008 |
Short Sell |
Call |
(19,400) |
$20.00 |
8/15/2008 |
$1.0000 |
($19,400.00) |
3/17/2008 |
Sell |
Put |
(16,500) |
$17.50 |
3/22/2008 |
$1.7519 |
($28,906.35) |
3/18/2008 |
Buy |
Call |
38,800 |
$17.50 |
3/22/2008 |
$0.2361 |
$9,160.68 |
3/18/2008 |
Buy |
Call |
19,400 |
$17.50 |
4/19/2008 |
$0.9477 |
$18,385.38 |
3/18/2008 |
Sell |
Put |
(21,400) |
$17.50 |
3/22/2008 |
$1.0113 |
($21,641.82) |
3/18/2008 |
Short Sell |
Put |
(19,400) |
$15.00 |
5/17/2008 |
$1.0980 |
($21,301.20) |
Options purchased and sold by Barington Companies Offshore Fund, Ltd.
Date |
Transaction Type |
Type |
Quantity |
Exercise Price |
Expiration Date |
Unit Price |
Cost(*) |
3/5/2008 |
Short Sell |
Call |
(51,200) |
$20.00 |
8/15/2008 |
$1.0000 |
($51,200.00) |
3/17/2008 |
Sell |
Put |
(43,500) |
$17.50 |
3/22/2008 |
$1.7519 |
($76,207.65) |
3/18/2008 |
Buy |
Call |
102,400 |
$17.50 |
3/22/2008 |
$0.2361 |
$24,176.64 |
3/18/2008 |
Buy |
Call |
51,200 |
$17.50 |
4/19/2008 |
$0.9477 |
$48,522.24 |
3/18/2008 |
Sell |
Put |
(56,300) |
$17.50 |
3/22/2008 |
$1.0113 |
($56,936.19) |
3/18/2008 |
Short Sell |
Put |
(51,200) |
$15.00 |
5/17/2008 |
$1.0980 |
($56,217.60) |
Options purchased and sold by Clinton Multistrategy Master Fund, Ltd.
Date |
Transaction Type |
Type |
Quantity |
Exercise Price |
Expiration Date |
Unit Price |
Cost(*) |
3/4/2008 |
Cover Short |
Call |
2,000 |
$17.50 |
3/22/2008 |
$0.2500 |
$500.00 |
3/5/2008 |
Short Sell |
Call |
(10,000) |
$17.50 |
3/22/2008 |
$0.5000 |
$(5,000.00) |
3/5/2008 |
Short Sell |
Call |
(10,000) |
$17.50 |
4/19/2008 |
$0.9000 |
$(9,000.00) |
3/18/2008 |
Cover Short |
Call |
40,000 |
$15.00 |
3/22/2008 |
$1.8811 |
$75,244.00 |
3/18/2008 |
Short Sell |
Call |
(20,000) |
$17.50 |
4/19/2008 |
$1.0196 |
$(20,392.00) |
3/18/2008 |
Short Sell |
Call |
(20,000) |
$15.00 |
4/19/2008 |
$2.3650 |
$(47,300.00) |
Page 30 of 41
Shares sold by Clinton Special Opportunities Master Fund, Ltd.
Date |
Number of Shares |
Price per Share |
Cost(*) |
3/7/2008 |
(79,550) |
$16.6000 |
$(1,320,530.00) |
Options purchased and sold by Clinton Special Opportunities Master Fund, Ltd.
Date |
Transaction Type |
Type |
Quantity |
Exercise Price |
Expiration Date |
Unit Price |
Cost(*) |
3/4/2008 |
Short Sell |
Call |
(10,000) |
$15.00 |
3/21/2008 |
$0.9250 |
$(9,250.00) |
3/4/2008 |
Cover Short |
Call |
6,000 |
$17.50 |
3/22/2008 |
$0.2500 |
$1,500.00 |
3/5/2008 |
Short Sell |
Call |
(20,000) |
$17.50 |
4/19/2008 |
$0.8380 |
$(16,760.00) |
3/7/2008 |
Cover Short |
Call |
42,400 |
$17.50 |
3/22/2008 |
$0.6000 |
$25,440.00 |
3/7/2008 |
Cover Short |
Call |
20,000 |
$17.50 |
4/19/2008 |
$1.1000 |
$22,000.00 |
Shares purchased by Clinton Magnolia Master Fund, Ltd.
Date |
Number of Shares |
Price per Share |
Cost(*) |
3/7/2008 |
79,550 |
$16.6000 |
$1,320,530.00 |
Options purchased and sold by Clinton Magnolia Master Fund, Ltd.
Date |
Transaction Type |
Type |
Quantity |
Exercise Price |
Expiration Date |
Unit Price |
Cost(*) |
3/4/2008 |
Short Sell |
Call |
(10,000) |
$15.00 |
3/21/2008 |
$0.9250 |
$(9,250.00) |
3/4/2008 |
Cover Short |
Call |
6,000 |
$17.50 |
3/22/2008 |
$0.2500 |
$1,500.00 |
3/5/2008 |
Short Sell |
Call |
(10,000) |
$15.00 |
3/21/2008 |
$1.2500 |
$(12,500.00) |
3/5/2008 |
Short Sell |
Call |
(40,000) |
$17.50 |
3/22/2008 |
$0.5000 |
$(20,000.00) |
3/5/2008 |
Short Sell |
Call |
(20,000) |
$17.50 |
4/19/2008 |
$0.8380 |
$(16,760.00) |
3/6/2008 |
Short Sell |
Call |
(10,000) |
$17.50 |
4/19/2008 |
$1.1000 |
$(11,000.00) |
3/12/2008 |
Short Sell |
Call |
(30,000) |
$17.50 |
4/19/2008 |
$1.1500 |
$(34,500.00) |
3/18/2008 |
Cover Short |
Call |
30,000 |
$15.00 |
3/22/2008 |
$1.7575 |
$52,725.00 |
3/18/2008 |
Short Sell |
Call |
(50,000) |
$17.50 |
4/19/2008 |
$0.9482 |
$(47,410.00) |
3/18/2008 |
Short Sell |
Call |
(10,000) |
$15.00 |
4/19/2008 |
$2.3400 |
$(23,400.00) |
Options sold by Clinton Lexington Master Fund, L.P.
Date |
Transaction Type |
Type |
Quantity |
Exercise Price |
Expiration Date |
Unit Price |
Cost(*) |
3/4/2008 |
Short Sell |
Call |
(10,000) |
$15.00 |
3/21/2008 |
$1.0000 |
$(10,000.00) |
3/5/2008 |
Short Sell |
Call |
(10,000) |
$15.00 |
3/21/2008 |
$1.2500 |
$(12,500.00) |
----------
(*) |
Excludes commissions and other execution-related costs |