UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Coherent, Inc.
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(Name of Issuer)
Common Stock, par value $0.01 per share
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(Title of Class of Securities)
192479103
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(CUSIP Number)
with a copy to:
Augustus K. Oliver Allen B. Levithan, Esq.
Oliver Press Partners, LLC Lowenstein Sandler PC
152 West 57th Street 65 Livingston Avenue
New York, New York 10019 Roseland, New Jersey 07068
(212) 277-5654 (973) 597-2406
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 9, 2008
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule l3G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Sections 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 Section 240.13d-7 for other
parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
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).
Cusip No. 192479103
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1. Names of Reporting Persons: Oliver Press Partners, LLC
I.R.S. Identification Nos. of above persons (entities only): 20-2688930
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2. Check the Appropriate Box if a Member of a Group (See Instructions):
(a)
(b) X
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3. SEC Use Only
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4. Source of Funds (See Instructions): OO
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e):
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6. Citizenship or Place of Organization: Delaware
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Number of 7. Sole Voting Power: 0
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Shares Beneficially 8. Shared Voting Power: 2,604,089*
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Owned by
Each Reporting 9. Sole Dispositive Power: 0
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Person With 10. Shared Dispositive Power: 2,604,089*
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11. Aggregate Amount Beneficially Owned by Each Reporting Person: 2,604,089*
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions):
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13. Percent of Class Represented by Amount in Row (11): 8.3%*
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14. Type of Reporting Person (See Instructions): IA
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* This is a joint filing by Oliver Press Partners, LLC, Oliver Press Investors,
LLC, Augustus K. Oliver and Clifford Press, who share the power to vote and the
power to direct the disposition of the 244,118 shares of common stock, par value
$0.01 per share (the "Shares"), of Coherent, Inc., a Delaware corporation,
owned, as of January 10, 2008, by Davenport Partners, L.P., a Delaware limited
partnership, the 2,280,771 Shares owned by JE Partners, a Bermuda partnership,
and the 79,200 Shares owned by Oliver Press Master Fund LP, a Cayman limited
partnership. See Item 5 of this Schedule 13D Amendment No. 2 for additional
information.
Cusip No. 192479103
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1. Names of Reporting Persons: Oliver Press Investors, LLC
I.R.S. Identification Nos. of above persons (entities only): 20-2688868
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions):
(a)
(b) X
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3. SEC Use Only
--------------------------------------------------------------------------------
4. Source of Funds (See Instructions): OO
--------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e):
--------------------------------------------------------------------------------
6. Citizenship or Place of Organization: Delaware
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Number of 7. Sole Voting Power: 0
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Shares Beneficially 8. Shared Voting Power: 2,604,089*
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Owned by
Each Reporting 9. Sole Dispositive Power: 0
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Person With 10. Shared Dispositive Power: 2,604,089*
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11. Aggregate Amount Beneficially Owned by Each Reporting Person: 2,604,089*
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions):
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11): 8.3%*
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14. Type of Reporting Person (See Instructions): PN
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* This is a joint filing by Oliver Press Partners, LLC, Oliver Press Investors,
LLC, Augustus K. Oliver and Clifford Press, who share the power to vote and the
power to direct the disposition of the 244,118 shares of common stock, par value
$0.01 per share (the "Shares"), of Coherent, Inc., a Delaware corporation,
owned, as of January 10, 2008, by Davenport Partners, L.P., a Delaware limited
partnership, the 2,280,771 Shares owned by JE Partners, a Bermuda partnership,
and the 79,200 Shares owned by Oliver Press Master Fund LP, a Cayman limited
partnership. See Item 5 of this Schedule 13D Amendment No. 2 for additional
information.
Cusip No. 192479103
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1. Names of Reporting Persons: Augustus K. Oliver
I.R.S. Identification Nos. of above persons (entities only):
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions):
(a)
(b) X
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3. SEC Use Only
--------------------------------------------------------------------------------
4. Source of Funds (See Instructions): OO
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e):
--------------------------------------------------------------------------------
6. Citizenship or Place of Organization: United States
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Number of 7. Sole Voting Power: 0
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Shares Beneficially 8. Shared Voting Power: 2,604,089*
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Owned by
Each Reporting 9. Sole Dispositive Power: 0
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Person With 10. Shared Dispositive Power: 2,604,089*
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11. Aggregate Amount Beneficially Owned by Each Reporting Person: 2,604,089*
--------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions):
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11): 8.3%*
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14. Type of Reporting Person (See Instructions): IN
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* This is a joint filing by Oliver Press Partners, LLC, Oliver Press Investors,
LLC, Augustus K. Oliver and Clifford Press, who share the power to vote and the
power to direct the disposition of the 244,118 shares of common stock, par value
$0.01 per share (the "Shares"), of Coherent, Inc., a Delaware corporation,
owned, as of January 10, 2008, by Davenport Partners, L.P., a Delaware limited
partnership, the 2,280,771 Shares owned by JE Partners, a Bermuda partnership,
and the 79,200 Shares owned by Oliver Press Master Fund LP, a Cayman limited
partnership. See Item 5 of this Schedule 13D Amendment No. 2 for additional
information.
Cusip No. 192479103
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1. Names of Reporting Persons: Clifford Press
I.R.S. Identification Nos. of above persons (entities only):
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions):
(a)
(b) X
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3. SEC Use Only
--------------------------------------------------------------------------------
4. Source of Funds (See Instructions): OO
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e):
--------------------------------------------------------------------------------
6. Citizenship or Place of Organization: United States
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Number of 7. Sole Voting Power: 0
---------------------------------------
Shares Beneficially 8. Shared Voting Power: 2,604,089*
---------------------------------------
Owned by
Each Reporting 9. Sole Dispositive Power: 0
---------------------------------------
Person With 10. Shared Dispositive Power: 2,604,089*
---------------------------------------
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11. Aggregate Amount Beneficially Owned by Each Reporting Person: 2,604,089*
--------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions):
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11): 8.3%*
--------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions): IN
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* This is a joint filing by Oliver Press Partners, LLC, Oliver Press Investors,
LLC, Augustus K. Oliver and Clifford Press, who share the power to vote and the
power to direct the disposition of the 244,118 shares of common stock, par value
$0.01 per share (the "Shares"), of Coherent, Inc., a Delaware corporation,
owned, as of January 10, 2008, by Davenport Partners, L.P., a Delaware limited
partnership, the 2,280,771 Shares owned by JE Partners, a Bermuda partnership,
and the 79,200 Shares owned by Oliver Press Master Fund LP, a Cayman limited
partnership. See Item 5 of this Schedule 13D Amendment No. 2 for additional
information.
Item 3. Source and Amount of Funds or Other Consideration.
-------------------------------------------------
The amount required by JE to purchase the 342,900 Shares owned by it
and reported in Item 5 of this Schedule 13D Amendment No. 2 was $8,106,758.72,
including commissions. The amount required by Master Fund to purchase the 36,200
Shares owned by it and reported in Item 5 of this Schedule 13D Amendment No. 2
was $872,453.18, including commissions. All Shares owned by JE and Master Fund
were purchased in open market transactions with cash from their respective
partnership assets.
Item 5. Interest in Securities of the Issuer.
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As of January 10, 2008, Davenport owned 244,118 Shares, JE owned
2,280,771 Shares, and Master Fund owned 79,200 Shares, constituting 0.77%, 7.23%
and 0.25%, respectively, and 8.3% in the aggregate, of the 31,546,990 Shares
reported by the Company to be outstanding as of November 27, 2007 on the Form
10-K filed by the Company with the Securities and Exchange Commission on
December 11, 2007. OPP as the investment adviser to the Partnerships, has the
power to vote and the power to direct the disposition of such Shares. OPI, as
the general partner of the Partnerships, and Messrs. Oliver and Press, as the
Managing Members of OPP and OPI, share the power to vote and the power to direct
the disposition of such Shares.
Attached hereto as Schedule I is a list of all transactions in Shares
effected by the Partnerships between November 27, 2007 and January 9, 2008, and
from January 9, 2008 through and including January 10, 2008, each of which were
effected in an ordinary course brokerage transaction. No other Filing Party had
any transactions in Shares between November 27, 2007 and January 9, 2008, and
from January 9, 2008 through and including January 10, 2008.
Item 7. Exhibits.
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Exhibit A - Joint filing agreement, dated as of January 10, 2008, by
and among Oliver Press Investors, LLC, Oliver Press Partners, LLC, Augustus K.
Oliver and Clifford Press.
Signature
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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.
January 10, 2008
OLIVER PRESS INVESTORS, LLC
By: /s/ Augustus K. Oliver
---------------------------------
Augustus K. Oliver
Managing Member
OLIVER PRESS PARTNERS, LLC
By: /s/ Clifford Press
---------------------------------
Clifford Press
Managing Member
/s/ Augustus K. Oliver
------------------------------------
Augustus K. Oliver
/s/ Clifford Press
------------------------------------
Clifford Press
Attention: Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001).
SCHEDULE I
Purchases by JE Partners, LP
Date No. of Shares Total Cost* Price Per Share*
---- ------------- ----------- ----------------
12/18/2007 36,000 $902,044.80 $25.06
1/7/2008 93,000 $2,216,013.30 $23.83
1/7/2008 93,000 $2,218,487.10 $23.85
1/8/2008 46,500 $1,065,878.00 $22.92
1/9/2008 44,200 $1,001,068.12 $22.65
1/10/2008 30,200 $703,267.40 $23.29
* Including Commissions
Purchases by Oliver Press Master Fund LP
Date No. of Shares Total Cost* Price Per Share*
---- ------------- ----------- ----------------
12/18/2007 14,000 $350,795.20 $25.06
1/7/2008 7,000 $166,786.70 $23.83
1/7/2008 7,000 $166,982.90 $23.85
1/8/2008 3,500 $80,227.00 $22.92
1/9/2008 2,800 $63,416.08 $22.65
1/10/2008 1,900 $44,245.30 $23.29
* Including Commissions
Exhibit A
JOINT FILING AGREEMENT
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The undersigned agree that this Schedule 13D Amendment No. 2 relating
to the shares of common stock of Coherent, Inc. is filed jointly on behalf of
each of the undersigned pursuant to Rule 13d-1(k).
January 10, 2008
OLIVER PRESS INVESTORS, LLC
By: /s/ Augustus K. Oliver
---------------------------------
Augustus K. Oliver
Managing Member
OLIVER PRESS PARTNERS, LLC
By: /s/ Clifford Press
---------------------------------
Clifford Press
Managing Member
/s/ Augustus K. Oliver
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Augustus K. Oliver
/s/ Clifford Press
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Clifford Press