UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(A) AND
AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
A. Schulman, Inc.
-----------------
(Name of Issuer)
Common Stock, par value $1.00 per share
---------------------------------------
(Title of Class of Securities)
808194104
---------
(CUSIP Number)
Mr. James A. Mitarotonda c/o Barington Companies
Equity Partners, L.P.
888 Seventh Avenue, 17th Floor
New York, NY 10019
(212) 974-5700
--------------
(Name, Address and Telephone Number of
Person Authorized to Receive Notices
and Communications)
May 26, 2005
(Date of Event which Requires Filing
of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition 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. 808194104
-------------------
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
-------------------------------------------------------------------------------
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
NUMBER OF 390,914
SHARES -------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH -------------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 390,914
WITH -------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
-------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
390,914
-------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
-------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.27%
-------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
PN
-------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 808194104
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Barington Companies Investors, LLC 13-4126527
------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) |_|
-------------------------------------------------------------------------------
3) SEC USE ONLY
-------------------------------------------------------------------------------
4) SOURCE OF FUNDS 00
-------------------------------------------------------------------------------
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
NUMBER OF 390,914
SHARES -------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH -------------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 390,914
WITH -------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
-------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
390,914
-------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
-------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.27%
-------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
00
-------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 808194104
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Barington Companies Offshore Fund, Ltd. (BVI)
------------------------------------------------------------------------------
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
British Virgin Islands
-------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 118,325
SHARES -------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH -------------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 118,325
WITH -------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
-------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
118,325
-------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
-------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.39%
-------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
OO
-------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 808194104
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Barington Companies Advisors, LLC 20-0327470
------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) |_|
-------------------------------------------------------------------------------
3) SEC USE ONLY
-------------------------------------------------------------------------------
4) SOURCE OF FUNDS 00
-------------------------------------------------------------------------------
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
NUMBER OF 118,325
SHARES -------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 301,591
EACH -------------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 118,325
WITH -------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
301,591
-------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
419,916
-------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
-------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.37%
-------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IA, OO
-------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 808194104
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Barington Capital Group, L.P. 13-3635132
------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) |_|
-------------------------------------------------------------------------------
3) SEC USE ONLY
-------------------------------------------------------------------------------
4) SOURCE OF FUNDS 00
-------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
-------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
New York
-------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 509,239
SHARES -------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 301,591
EACH -------------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 509,239
WITH -------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
301,591
-------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
810,830
-------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
-------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.64%
-------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
PN
-------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 808194104
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
LNA Capital Corp. 13-3635168
------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) |_|
-------------------------------------------------------------------------------
3) SEC USE ONLY
-------------------------------------------------------------------------------
4) SOURCE OF FUNDS 00
-------------------------------------------------------------------------------
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
NUMBER OF 509,239
SHARES -------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 301,591
EACH -------------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 509,239
WITH -------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
301,591
-------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
810,830
-------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
-------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.64%
-------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
CO
-------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 808194104
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
James Mitarotonda
------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) |_|
-------------------------------------------------------------------------------
3) SEC USE ONLY
-------------------------------------------------------------------------------
4) SOURCE OF FUNDS 00
-------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
-------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 509,239
SHARES -------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 301,591
EACH -------------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 509,239
WITH -------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
301,591
-------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
810,830
-------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
-------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.64%
-------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
-------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 808194104
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Parche, LLC 20-0870632
------------------------------------------------------------------------------
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
NUMBER OF 137,292
SHARES -------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH -------------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 137,292
WITH -------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
-------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
137,292
-------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
-------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.45%
-------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
OO
-------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 808194104
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Starboard Value & Opportunity Fund, LLC 37-1484524
------------------------------------------------------------------------------
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
NUMBER OF 720,798
SHARES -------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH -------------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 720,798
WITH -------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
-------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
720,798
-------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
-------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.35%
-------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
OO
-------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 808194104
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Admiral Advisors, LLC 37-1484524
------------------------------------------------------------------------------
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
NUMBER OF 858,090
SHARES -------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH -------------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 858,090
WITH -------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
-------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
858,090
-------------------------------------------------------------------------------
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
-------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 808194104
-------------------
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
NUMBER OF 858,090
SHARES -------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH -------------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 858,090
WITH -------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
-------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
858,090
-------------------------------------------------------------------------------
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
IA,OO
-------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 808194104
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
C4S & Co., LLC 13-3946794
------------------------------------------------------------------------------
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
NUMBER OF 858,090
SHARES -------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH -------------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 858,090
WITH -------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
-------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
858,090
-------------------------------------------------------------------------------
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
-------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 808194104
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Peter A. Cohen
------------------------------------------------------------------------------
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
United States
-------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF none
SHARES -------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 858,090
EACH -------------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON none
WITH -------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
858,090
-------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
858,090
-------------------------------------------------------------------------------
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
IN
-------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 808194104
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Morgan B. Stark
------------------------------------------------------------------------------
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
United States
-------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF none
SHARES -------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 858,090
EACH -------------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON none
WITH -------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
858,090
-------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
858,090
-------------------------------------------------------------------------------
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
IN
-------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 808194104
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jeffrey M. Solomon
------------------------------------------------------------------------------
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
United States
-------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF none
SHARES -------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 858,090
EACH -------------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON none
WITH -------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
858,090
-------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
858,090
-------------------------------------------------------------------------------
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
IN
-------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 808194104
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Thomas W. Strauss
------------------------------------------------------------------------------
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
United States
-------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF none
SHARES -------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 858,090
EACH -------------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON none
WITH -------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
858,090
-------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
858,090
-------------------------------------------------------------------------------
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
IN
-------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 808194104
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Millenco, L.P. 13-3532932
------------------------------------------------------------------------------
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
NUMBER OF none
SHARES -------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 341,459
EACH -------------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON none
WITH -------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
341,459
-------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
341,459
-------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
-------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.11%
-------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
PN,BD
-------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 808194104
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Millennium Management, L.L.C. 13-3804139
------------------------------------------------------------------------------
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
NUMBER OF none
SHARES -------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 341,459
EACH -------------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON none
WITH -------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
341,459
-------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
341,459
-------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
-------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.11%
-------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
OO
-------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 808194104
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Israel A. Englander
------------------------------------------------------------------------------
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
United States
-------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF none
SHARES -------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 341,459
EACH -------------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON none
WITH -------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
341,459
-------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
341,459
-------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
-------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.11%
-------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
-------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 808194104
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
RJG Capital Partners, L.P. 20-0133443
------------------------------------------------------------------------------
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
NUMBER OF 12,500
SHARES -------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH -------------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 12,500
WITH -------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
-------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,500
-------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
-------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.04%
-------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
PN
-------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 808194104
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
RJG Capital Management, LLC 20-0027325
------------------------------------------------------------------------------
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
NUMBER OF 12,500
SHARES -------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH -------------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 12,500
WITH -------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
-------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,500
-------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
-------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.04%
-------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
OO
-------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 808194104
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ronald Gross
------------------------------------------------------------------------------
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
United States
-------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 12,500
SHARES -------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH -------------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 12,500
WITH -------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
-------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,500
-------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
-------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.04%
-------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
-------------------------------------------------------------------------------
Item 1. Security and Issuer.
-------------------
This statement on Schedule 13D (the "Statement") relates to the common
stock, par value $1.00 per share (the "Common Stock"), of A. Schulman, Inc., a
Delaware corporation (the "Company"). The principal executive offices of the
Company are located at 3550 West Market Street, Akron, Ohio 44333.
Item 2. Identity and Background.
-----------------------
(a) - (c) This Statement is being filed by Barington Companies Equity
Partners, L.P., Barington Companies Investors, LLC, Barington Companies Offshore
Fund, Ltd. (BVI), Barington Companies Advisors, LLC, Barington Capital Group,
L.P., LNA Capital Corp., James Mitarotonda, Parche, LLC, Starboard Value &
Opportunity Fund, LLC, Admiral Advisors, LLC, Ramius Capital Group, LLC, C4S &
Co., LLC, Peter A. Cohen, Morgan B. Stark, Jeffrey M. Solomon, Thomas W.
Strauss, Millenco, L.P., Millennium Management, L.L.C., Israel A. Englander, RJG
Capital Partners, L.P., RJG Capital Management, LLC and Ronald Gross (each, a
"Reporting Entity" and, collectively, the "Reporting Entities").
As of the date of this filing, the Reporting Entities are the beneficial
owners of, in the aggregate, 1,721,288 shares of Common Stock, representing
approximately 5.61% of the shares of Common Stock presently outstanding.
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 offices of
Barington Companies Equity Partners, L.P. is 888 Seventh Avenue, 17th Floor, New
York, New York 10019.
Barington Companies Offshore Fund, Ltd. (BVI) is a limited company
organized under the laws of the British Virgin Islands formed to engage in the
business of acquiring, holding and disposing of investments in various
companies. The address of the principal offices of Barington Companies Offshore
Fund, Ltd. (BVI) is c/o Bison Financial Services LTD, Bison Court, Road Town,
Tortola, British Virgin Islands. The officers and directors of Barington
Companies Offshore Fund, Ltd. (BVI) and their principal occupations and business
addresses are set forth on Schedule I and incorporated by reference in this Item
2.
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
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.
Barington Companies Investors, LLC is a majority-owned subsidiary of
Barington Capital Group, L.P. Barington Capital Group, L.P. is a New York
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.
Barington Capital Group, L.P. is also the Managing Member of Barington
Companies Advisors, LLC, the investment advisor of Barington Companies Offshore
Fund, Ltd. (BVI), which has voting power with respect to the shares owned by
Barington Companies Offshore Fund, Ltd. (BVI). Barington Companies Advisors, LLC
is a Delaware limited liability company formed to be the investment advisor of
Barington Companies Offshore Fund, Ltd. (BVI). The address of the principal
offices of Barington Companies Advisors, LLC 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 sole stockholder and director of LNA Capital Corp. The
officers of LNA and their principal occupations and business addresses are
set forth on Schedule II and incorporated by reference in this Item 2.
Each of Starboard Value & Opportunity Fund, LLC and Parche, 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 and Parche, LLC is
666 Third Avenue, 26th Floor, New York, New York 10017.
The Managing Member of each of Starboard Value & Opportunity Fund, LLC and
Parche, LLC is Admiral Advisors, LLC, a Delaware limited liability company
formed to be the managing member of Starboard Value & Opportunity Fund, LLC and
Parche, LLC. The address of the principal offices of Admiral Advisors, LLC is
666 Third Avenue, 26th Floor, New York, New York 10017.
The sole member of Admiral Advisors, LLC is Ramius Capital Group, LLC.
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 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 & Co., LLC, a Delaware
limited liability company formed to be the managing member of Ramius Capital
Group, LLC. The address of the principal offices of C4S & Co., 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 &
Co., LLC. The business address of each of Messrs. Cohen, Stark, Solomon and
Strauss is 666 Third Avenue, 26th Floor, New York, New York 10017.
Millenco, L.P., is a Delaware limited partnership and a registered
broker-dealer. The address of the principal offices of Millenco, L.P. is 666
Fifth Avenue, New York, New York 10103.
The general partner of Millenco, L.P. is Millennium Management, L.L.C.
Millennium Management, L.L.C. is a Delaware limited liability company which acts
as the general partner of Millenco, L.P. and the managing general partner of
Millennium Partners, L.P. The address of the principal offices of Millennium
Management, L.L.C. is 666 Fifth Avenue, New York, New York 10103. Israel A.
Englander is the Managing Member of Millennium Management, L.L.C. The business
address of Mr. Englander is c/o Millennium Management, L.L.C., 666 Fifth Avenue,
New York, New York 10103.
RJG Capital 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 offices of RJG Capital Partners,
L.P. is 11517 West Hill Drive, North Bethesda, Maryland 20852.
The general partner of RJG Capital Partners, L.P. is RJG Capital
Management, LLC. RJG Capital Management, LLC is a Delaware limited liability
company formed to be the general partner of RJG Capital Partners, L.P. The
address of the principal offices of RJG Capital Management, LLC is 11517 West
Hill Drive, North Bethesda, Maryland 20852. Ronald Gross is the Managing Member
of RJG Capital Management, LLC. The business address of Mr. Gross is c/o RJG
Capital Management, LLC, 11517 West Hill Drive, North Bethesda, Maryland 20852.
(d) - (e) During the last five years, none of the Reporting Entities or
any other person identified in response to this Item 2 was convicted in a
criminal proceeding (excluding traffic violations and similar misdemeanors) or
was a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding was or is subject to a
judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws or finding
any violation with respect to such laws.
(f) Each natural person identified in Item 2 is a citizen of the United
States, other than Graham Cook, a director of Barington Companies Offshore Fund,
Ltd. (BVI), who is a citizen of the United Kingdom.
Item 3. Source and Amount of Funds or Other Consideration.
-------------------------------------------------
All purchases of Common Stock by the Reporting Entities were made in open
market transactions except to the extent set forth below. The transactions
effected in the past 60 days are described in the attached Schedule III. All
such purchases of 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. The amount of funds expended for such purchases was approximately
$6,727,433.33 by Barington Companies Equity Partners, L.P., $2,024,233.36 by
Barington Companies Offshore Fund Ltd. (BVI), $2,317,916.34 by Parche, LLC,
$12,266,203.41 by Starboard Value & Opportunity Fund, LLC, $5,856,866.85 on
behalf of Millenco, L.P. and $222,770.05 by RJG Capital Partners, L.P.
Certain shares reported in the Statement as owned by Parche, LLC were
acquired in private transactions with various transferors for which Ramius
Capital Group, LLC or an affiliate serves as the investment manager, the
managing member or the managing member of the investment manager. Ramius Capital
Group, LLC is the sole member of Admiral Advisors, LLC,
which is the managing member of Parche, LLC. Parche, LLC acquired from such
transferors an aggregate of 106,542 shares of Common Stock on May 26, 2005 at a
per share price of $16.92, equal to the last reported sales price on the Nasdaq
National Market on the date the transaction was completed, or an aggregate of
$1,802,690.64. The total of 106,542 shares transferred to Parche, LLC were
initially acquired by the transferors for an aggregate of $1,820,898.75
(excluding commissions and other execution related costs). Such transferors had,
within the 60 days prior to the filing of the Statement, effected the following
transactions in the Common Stock: 4/8/05 purchased 694 shares at a price per
share of $17.14, 4/11/05 purchased 280 shares at a price per share of $17.00;
4/12/05 purchased 4,572 shares at a price per share of $16.75; 4/13/05 purchased
4,084 shares at a price per share of $16.85; 4/14/05 purchased 4,572 shares at a
price per share of $16.62; 4/15/05 purchased 4,572 shares at a price per share
of $16.48; 4/18/05 purchased 379 shares at a price per share of $16.41; 4/20/05
purchased 1,829 shares at a price per share of $16.16; 4/21/05 purchased 914
shares at a price per share of $16.60; 4/22/05 purchased 2,438 shares at a price
per share of $16.66; 4/22/05 purchased 489 shares at a price per share of
$16.50; 4/25/05 purchased 1,219 shares at a price per share of $16.64; 4/26/05
purchased 1,067 shares at a price per share of $16.59; 4/27/05 purchased 2,438
shares at a price per share of $16.56; 4/28/05 purchased 2,024 shares at a price
per share of $16.51; 4/29/05 purchased 1,798 shares at a price per share of
$16.43; 5/2/05 purchased 18 shares at a price per share of $16.51; 5/3/05
purchased 1,097 shares at a price per share of $16.55; 5/4/05 purchased 3,298
shares at a price per share of $16.72; 5/5/05 purchased 610 shares at a price
per share of $17.31; 5/6/05 purchased 293 shares at a price per share of $17.05;
5/9/05 purchased 2,134 shares at a price per share of $17.20; 5/10/05 purchased
2,400 shares at a price per share of $17.19; 5/11/05 purchased 549 shares at a
price per share of $16.89; 5/12/05 purchased 2,938 shares at a price per share
of $16.73; 5/13/05 purchased 2,240 shares at a price per share of $16.57;
5/16/05 purchased 7,200 shares at a price per share of $16.86; 5/17/05 purchased
4,000 shares at a price per share of $17.10; 5/17/05 purchased 640 shares at a
price per share of $17.45; 5/24/05 purchased 8,000 shares at a price per share
of $17.02; 5/25/05 purchased 7,650 shares at a price per share of $16.81;
5/26/05 sold an aggregate of 106,542 shares at a price per share of $16.92. All
purchases of Common Stock referenced above were funded by working capital, which
may, at any given time, include margin loans made by brokerage firms in the
ordinary course of business. The Reporting Entities do not believe that the
information contained in this paragraph is called for by the Items of Schedule
13D and are disclosing it for supplemental informational purposes only.
Item 4. Purpose of Transaction.
----------------------
Each of the Reporting Entities acquired beneficial ownership of the shares
of Common Stock to which this Statement relates in order to obtain a significant
equity position in the Company, the Common Stock of which, in the opinion of the
Reporting Entities, has been undervalued.
The Reporting Entities consider their equity position to be for investment
purposes only. Each of the Reporting Entities may acquire additional shares of
Common Stock or sell or otherwise dispose of any or all of the shares of Common
Stock beneficially owned by it, in the open market, in privately negotiated
transactions or otherwise. The Reporting Entities may also take any other action
with respect to the Company or any of its debt or equity securities in any
manner permitted by law.
Except as set forth in this Item 4, none of the Reporting Entities have
any present plans or proposals that relate to or would result in any of the
actions specified in clauses (a) through (j) of the instructions to Item 4 of
Schedule 13D. The Reporting Entities intend to review their investment in the
Company on a continuing basis. The Reporting Entities have had preliminary
discussions with the Company's Chairman/CFO and President/CEO and desire to
continue to engage in discussions with management and the Board of Directors of
the Company concerning the business, operations and future plans of the Company
as well as measures the Reporting Entities believe will maximize shareholder
value for the benefit of the Company's stockholders, including, without
limitation, the potential sale of the Company. Depending on various factors
including, without limitation, the willingness of management and the Board of
Directors of the Company to meet with the Reporting Entities, the Company's
financial position and business strategy, the price levels of the shares of
Common Stock, conditions in the securities markets and general economic and
industry conditions, the Reporting Entities may in the future take such actions
with respect to their investment in the Company as they deem appropriate
including, without limitation, seeking Board representation, making proposals to
the Company concerning changes to the capitalization, ownership structure or
operations of the Company, purchasing additional shares of Common Stock, selling
some or all of their shares of Common Stock or changing their intention with
respect to any and all matters referred to in this Item 4.
Item 5. Interest in Securities of the Issuer.
------------------------------------
(a) As of the date hereof, Barington Companies Equity Partners, L.P.
beneficially owns an aggregate of 390,914 shares of Common Stock, representing
approximately 1.27% of the shares of Common Stock presently outstanding based
upon the 30,661,080 shares of Common Stock reported by the Company to be issued
and outstanding as of March 31, 2005 in its Form 10-Q filed with the Securities
and Exchange Commission on April 11, 2005 (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 390,914
shares of Common Stock owned by Barington Companies Equity Partners, L.P. As the
Managing Member of Barington Companies Investors, LLC, which in turn is the
general partner of Barington Companies Equity Partners, L.P., Mr. Mitarotonda
may be deemed to beneficially own the 390,914 shares of Common Stock owned by
Barington Companies Equity Partners, L.P., constituting approximately 1.27% of
the Issued and Outstanding Shares.
As of the date hereof, Barington Companies Offshore Fund, Ltd. (BVI)
beneficially owns 118,325 shares of Common Stock, constituting approximately
0.39% of the Issued and Outstanding Shares. As of the date hereof, Barington
Companies Advisors, LLC beneficially owns 301,591 shares of Common Stock, which
shares are held in a managed account as further described in Item 6. As the
investment advisor to Barington Companies Offshore Fund, Ltd. (BVI), Barington
Companies Advisors, LLC may also be deemed to beneficially own the 118,325
shares of Common Stock owned by Barington Companies Offshore Fund, Ltd. (BVI),
representing an aggregate of 459,784 shares, constituting approximately 1.37% of
the Issued and Outstanding Shares. As the Managing Member of Barington Companies
Advisors, LLC, Barington Capital Group, L.P. may be deemed to beneficially own
the 301,591 shares of Common Stock beneficially owned by Barington Companies
Advisors, LLC and the 118,325
shares of Common Stock owned by Barington Companies Offshore Fund, Ltd. (BVI).
As the majority member of Barington Companies Investors, LLC, Barington Capital
Group, L.P. may also be deemed to beneficially own the 390,914 shares of Common
Stock owned by Barington Companies Equity Partners, L.P., representing an
aggregate of 810,830 shares, constituting approximately 2.64% 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 390,914 shares owned by
Barington Companies Equity Partners, L.P., the 301,591 shares of Common Stock
beneficially owned by Barington Companies Advisors, LLC and the 118,325 shares
owned by Barington Companies Offshore Fund, Ltd. (BVI), representing an
aggregate of 810,830 shares, constituting approximately 2.64% of the Issued and
Outstanding Shares. As the sole stockholder and director of LNA Capital Corp.,
Mr. Mitarotonda may be deemed to beneficially own the 390,914 shares owned by
Barington Companies Equity Partners, L.P., the 301,591 shares of Common Stock
beneficially owned by Barington Companies Advisors, LLC and the 118,325 shares
owned by Barington Companies Offshore Fund, Ltd. (BVI), representing an
aggregate of 810,830 shares, constituting approximately 2.64% of the Issued and
Outstanding Shares. Mr. Mitarotonda has sole voting and dispositive power with
respect to the 390,914 shares owned by Barington Companies Equity Partners, L.P.
and the 118,325 shares owned by Barington Companies Offshore Fund, Ltd. (BVI)
and shared voting and dispositive power with respect to the 301,591 shares of
Common Stock beneficially owned by Barington Companies Advisors, LLC by virtue
of his authority to vote and dispose of such shares. Mr. Mitarotonda disclaims
beneficial ownership of any such shares except to the extent of his pecuniary
interest therein.
As of the date hereof, each of Parche, LLC and Starboard Value &
Opportunity Fund, LLC beneficially own 137,292 and 720,798 shares of Common
Stock, respectively, constituting approximately 0.45% and 2.35%, respectively,
of the Issued and Outstanding Shares. As the Managing Member of each of Parche,
LLC and Starboard Value & Opportunity Fund, LLC, Admiral Advisors, LLC may be
deemed to beneficially own the 137,292 shares and the 720,798 shares,
respectively, of Common Stock owned by Parche, LLC and Starboard Value &
Opportunity Fund, LLC, representing an aggregate of 858,090 shares, constituting
approximately 2.8% of the Issued and Outstanding Shares. As the sole member of
Admiral Advisors, LLC, Ramius Capital Group, LLC may be deemed to beneficially
own the 137,292 shares and the 720,798 shares, respectively, of Common Stock
owned by Parche, LLC and Starboard Value & Opportunity Fund, LLC, representing
an aggregate of 858,090 shares, constituting approximately 2.8% of the Issued
and Outstanding Shares. As the Managing Member of Ramius Capital Group, LLC, C4S
& Co., LLC may be deemed to beneficially own the 137,292 shares and the 720,798
shares, respectively, of Common Stock owned by Parche, LLC and Starboard Value &
Opportunity Fund, LLC, representing an aggregate of 858,090 shares, constituting
approximately 2.8% of the Issued and Outstanding Shares. As the Managing Members
of C4S & Co., LLC, each of Peter A. Cohen, Morgan B. Stark, Jeffrey M. Solomon
and Thomas W. Strauss may be deemed to beneficially own the 137,292 shares and
the 720,798 shares, respectively, of Common Stock owned by Parche, LLC and
Starboard Value & Opportunity Fund, LLC, representing an aggregate of 858,090
shares, constituting approximately 2.8% of the Issued and Outstanding Shares.
Each of Messrs. Cohen, Stark, Solomon and Strauss share voting and dispositive
power with respect to the 137,292 shares and the 720,798 shares, respectively,
owned by Parche, LLC and Starboard Value & Opportunity Fund, LLC, by virtue of
their shared authority to vote and dispose of such shares. Messrs. Cohen, Stark,
Solomon & Strauss disclaim beneficial ownership of such shares.
As of the date hereof, Millenco, L.P. may be deemed to beneficially own an
aggregate of 341,459 shares of Common Stock, representing approximately 1.11% of
the Issued and Outstanding Shares.
As the general partner of Millenco, L.P., Millennium Management, L.L.C.
may be deemed to beneficially own the 341,459 shares of Common Stock which may
be deemed to be beneficially owned by Millenco, L.P. As the Managing Member of
Millennium Management, L.L.C., which in turn is the general partner of Millenco,
L.P., Mr. Englander may be deemed to beneficially own the 341,459 shares of
Common Stock which may be deemed to be beneficially owned by Millenco, L.P.,
constituting approximately 1.11% of the Issued and Outstanding Shares. Mr.
Englander disclaims beneficial ownership of any such shares except to the extent
of his pecuniary interest therein.
As of the date hereof, RJG Capital Partners, L.P. beneficially owns 12,500
shares of Common Stock, constituting approximately 0.04% 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 12,500 shares
owned by RJG Capital Partners, L.P., constituting approximately 0.04% 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 12,500 shares owned by RJG Capital
Partners, L.P., constituting approximately 0.04% of the Issued and Outstanding
Shares. Mr. Gross has sole voting and dispositive power with respect to the
12,500 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.
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.
(b) Each of the Reporting Entities may be deemed to have sole voting and
dispositive power over the shares of Common Stock reported as beneficially owned
by such person by virtue of their respective positions as described in paragraph
(a), except for the following persons:
(1) Messrs. Cohen, Stark, Solomon and Strauss have shared
authority to vote and dispose of the shares reported as
beneficially owned by them. Messrs. Cohen, Stark, Solomon and
Strauss disclaim beneficial ownership of such shares.
(2) Pursuant to an account management agreement between Millennium
Operations, LLC and Barington Companies Advisors, LLC (the
"Management Agreement"), Barington Companies Advisors, LLC
manages an investment account on behalf of Millenco, L.P. The
301,591 shares of Common Stock purchased in that managed
account on behalf of Millenco, L.P. have been reported herein
as being beneficially owned by Barington Companies Advisors,
LLC, Barington Capital Group, L.P., LNA Capital Corp. and
James Mitarotonda and may also be deemed to be beneficially
owned by Millenco, L.P., Millennium Management, L.L.C. and
Israel Englander. Each such Reporting Entity has shared voting
and dispositive power with resepct to such shares.
Except as set forth above, each of the other Reporting Entities may be
deemed to have sole voting and dispositive power with respect to the shares each
reports as beneficially owned by such person, regardless of the fact that
multiple Reporting Entities within the same chain of ownership report sole
voting and dispositive power with respect to such shares. Each such Reporting
Entity reports sole voting and dispositive power with respect to such shares
based on such person's relationship to the other Reporting Entities within the
same chain of ownership. 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.
(c) No person identified in Item 2 hereof has effected any transaction in
shares of such Common Stock during the 60 days preceding the date hereof, except
to the extent disclosed herein.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understanding or Relationships With Respect
to Securities of the Issuer.
--------------------------------------------------------------------
Barington Capital Group, L.P. or one or more of its affiliates expect to
receive from Starboard Value & Opportunity Fund, LLC and Parche, LLC a fee with
respect to certain profits those entities may derive from their investment in
the Common Stock of the Company. An agreement between the parties with respect
to the foregoing has not yet been formalized.
Barington Companies Investors, LLC pays a monthly consulting fee to RJG
Capital Management, LLC for certain consulting services it provides to Barington
Companies Equity Partners, L.P. The arrangement with respect to the foregoing is
pursuant to a verbal agreement between the parties.
Pursuant to an account management agreement between Millennium Operations,
LLC and Barington Companies Advisors, LLC (the "Management Agreement"),
Barington Companies Advisors, LLC manages an investment account on behalf of
Millenco, L.P. The 301,591 shares of Common Stock purchased in that managed
account on behalf of Millenco, L.P. have been reported herein as being
beneficially owned by Barington Companies Advisors, LLC, Barington Capital
Group, L.P., LNA Capital Corp. and James Mitarotonda and may also be deemed to
be beneficially owned by Millenco, L.P., Millennium Management, L.L.C. and
Israel Englander.
Note: Millennium Partners, L.P. a Cayman Islands limited partnership, is a
limited partner of Millenco, L.P. As a limited partner, Millennium Partners,
L.P. has no investment or voting control over Millenco, L.P. or its
securities positions.
Item 7. Material to be Filed as Exhibits.
--------------------------------
Exhibit No. 1 Exhibit Description
--------------------------------------------------------------------------------
99.1 Agreement of Joint Filing among Barington Companies Equity
Partners, L.P., Barington Companies Investors, LLC, James
Mitarotonda, Barington Companies Offshore Fund, Ltd.,
Barington Companies Advisors, LLC, Barington Capital Group,
L.P., LNA Capital Corp., Parche, LLC, Starboard Value &
Opportunity Fund, LLC, Admiral Advisors, LLC, Ramius Capital
Group, LLC, C4S & Co., LLC, Peter A. Cohen, Morgan B. Stark,
Jeffrey M. Solomon, Thomas W. Strauss, Millenco, L.P.,
Millennium Management, L.L.C., Israel A. Englander, RJG
Capital Partners, L.P., RJG Capital Management, LLC and Ronald
Gross dated June 6, 2005.
--------------------------------------------------------------------------------
99.2 Power of attorney for Peter A. Cohen, Morgan B. Stark, Thomas
W. Strauss and Jeffrey M. Solomon dated March 11, 2005.
--------------------------------------------------------------------------------
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: June 6, 2005
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
/s/ James A. Mitarotonda
----------------------------------------
James A. Mitarotonda
BARINGTON COMPANIES OFFSHORE FUND,
LTD. (BVI)
By: /s/ James A. Mitarotonda
------------------------------------
Name: James A. Mitarotonda
Title: Manager
BARINGTON COMPANIES ADVISORS, 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
PARCHE, LLC
By: Admiral Advisors, LLC, its managing
member
By: /s/ Jeffrey M. Solomon
------------------------------------
Name: Jeffrey M. Solomon
Title: Authorized Signatory
STARBOARD VALUE & OPPORTUNITY FUND, LLC
By: Admiral Advisors, LLC, its
managing member
By: /s/ Jeffrey M. Solomon
------------------------------------
Name: Jeffrey M. Solomon
Title: Authorized Signatory
ADMIRAL ADVISORS, LLC
By: Ramius Capital Group, LLC, its
sole member
By: /s/ Jeffrey M. Solomon
------------------------------------
Name: Jeffrey M. Solomon
Title: Authorized Signatory
RAMIUS CAPITAL GROUP, LLC
By: C4S & Co., LLC, its Managing Member
By: /s/ Jeffrey M. Solomon
------------------------------------
Name: Jeffrey M. Solomon
Title: Managing Member
C4S & CO., LLC
By: /s/ Jeffrey M. Solomon
------------------------------------
Name: Jeffrey M. Solomon
Title: Managing Member
/s/ Jeffrey M. Solomon
----------------------------------------
Jeffrey M. Solomon, individually and
as attorney-in-fact for Peter A.
Cohen, Morgan B. Stark, and Thomas W.
Strauss
MILLENCO, L.P.
By: Millennium Management,
L.L.C., its general partner
By: /s/ David Nolan
--------------------------------------
Name: David Nolan
Title: Executive Vice President
MILLENIUM MANAGEMENT, L.L.C.
By: /s/ David Nolan
--------------------------------------
Name: David Nolan
Title: Executive Vice President
/s/ Israel A. Englander by Simon M. Lorne
pursuant to Power of Attorney
previously filed with the SEC
-----------------------------------------
Israel A. Englander
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
RJG CAPITAL MANAGEMENT, LLC
By: /s/ Ronald J. Gross
-----------------------------------
Name: Ronald J. Gross
Title: Managing Member
/s/ Ronald J. Gross
--------------------------------------
Ronald J. Gross
SCHEDULE I
Directors and Officers of Barington Companies Offshore Fund, Ltd. (BVI)
Name and Position Principal Occupation Principal Business Address
----------------- -------------------- --------------------------
James A. Mitarotonda Chairman of Barington 888 Seventh Avenue
Director and President Capital Group, L.P. 17th Floor
New York, NY 10019
Sebastian E. Cassetta Executive Vice President and 888 Seventh Avenue
Director Chief Operating Officer of 17th Floor
Barington Capital Group, L.P. New York, NY 10019
Edith Conyers General Manager of Forum Washington Mall 1, 3rd Flr.
Director Fund Services, Ltd. 22 Church Street
Hamilton HM11, Bermuda
Graham Cook Director/Manager, Corporate Bison Court
Director Services of Byson Financial P.O. Box 3460
Services, Ltd. Road Town, Tortola
British Virgin Islands
Forum Fund Services, Ltd. Fund Administration Washington Mall 1, 3rd Flr.
Secretary 22 Church Street
Hamilton HM11, Bermuda
Melvyn Brunt Chief Financial Officer of 888 Seventh Avenue
Treasurer Barington Capital Group, L.P. 17th Floor
New York, NY 10019
SCHEDULE II
Officers of LNA Capital Corp.
Name and Position Principal Occupation Principal Business Address
----------------- -------------------- --------------------------
James A. Mitarotonda Chairman of Barington 888 Seventh Avenue
President and CEO Capital Group, L.P. 17th Floor
New York, NY 10019
Sebastian E. Cassetta Executive Vice President and 888 Seventh Avenue
Secretary Chief Operating Officer of 17th Floor
Barington Capital Group, L.P. New York, NY 10019
Melvyn Brunt Chief Financial Officer of 888 Seventh Avenue
Treasurer Barington Capital Group, L.P. 17th Floor
SCHEDULE III
This schedule sets forth information with respect to each purchase of
Common Stock which was effectuated by a Reporting Entity during the past 60
days. All transactions were effectuated in the open market through a broker.
Shares purchased by Barington Companies Equity Partners, L.P.
Number of
Date Shares Price Per Share Cost(1)
---- --------- --------------- -----------
4/08/2005 2,610 17.144 $ 44,745.84
4/11/2005 1,315 17.000 $ 22,355.00
4/12/2005 21,431 16.748 $ 358,926.39
4/13/2005 19,145 16.850 $ 322,593.25
4/14/2005 21,431 16.624 $ 356,268.94
4/15/2005 21,431 16.485 $ 353,290.04
4/18/2005 1,775 16.414 $ 29,134.85
4/20/2005 8,572 16.164 $ 138,557.81
4/21/2005 4,286 16.598 $ 71,139.03
4/22/2005 11,430 16.658 $ 190,400.94
4/22/2005 2,292 16.501 $ 37,820.29
4/25/2005 5,715 16.635 $ 95,069.03
4/26/2005 5,001 16.589 $ 82,961.59
4/27/2005 11,430 16.559 $ 189,269.37
4/28/2005 4,110 16.506 $ 67,839.66
4/29/2005 3,652 16.435 $ 60,020.62
5/02/2005 86 16.510 $ 1,419.86
5/03/2005 5,143 16.551 $ 85,121.79
5/04/2005 15,459 16.723 $ 258,520.86
5/05/2005 2,858 17.313 $ 49,480.55
5/06/2005 1,371 17.047 $ 23,371.44
5/09/2005 10,001 17.200 $ 172,017.20
5/11/2005 4,457 16.887 $ 75,265.36
5/12/2005 23,869 16.727 $ 399,256.76
5/16/2005 12,000 16.864 $ 202,368.00
5/25/2005 1,594 16.807 $ 26,790.36
5/26/2005 1,672 16.710 $ 27,939.12
5/26/2005 782 16.717 $ 13,072.69
5/27/2005 453 16.653 $ 7,543.81
5/31/2005 3,000 16.500 $ 49,500.00
----------
(1) Excludes commissions and other execution-related costs.
Shares purchased by Barington Companies Offshore Fund, Ltd.
Number of
Date Shares Price Per Share Cost(2)
------- --------- --------------- -----------
4/8/2005 870 $17.144 $ 14,915.28
4/11/2005 438 $17.000 $ 7,446.00
4/12/2005 7,144 $16.748 $ 119,647.71
4/13/2005 6,382 $16.850 $ 107,536.70
4/14/2005 7,144 $16.624 $ 118,761.86
4/15/2005 7,144 $16.485 $ 117,768.84
4/18/2005 592 $16.414 $ 9,717.09
4/20/2005 2,858 $16.164 $ 46,196.71
4/21/2005 1,429 $16.598 $ 23,718.54
4/22/2005 3,810 $16.658 $ 63,466.98
4/22/2005 764 $16.501 $ 12,606.76
4/25/2005 1,905 $16.635 $ 31,689.68
4/26/2005 1,667 $16.589 $ 27,653.86
4/27/2005 3,810 $16.559 $ 63,089.79
4/28/2005 4,110 $16.506 $ 67,839.66
4/29/2005 3,652 $16.435 $ 60,020.62
5/2/2005 28 $16.510 $ 462.28
5/3/2005 1,715 $16.551 $ 28,384.97
5/4/2005 5,153 $16.723 $ 86,173.62
5/5/2005 952 $17.313 $ 16,481.98
5/6/2005 457 $17.047 $ 7,790.48
5/9/2005 3,334 $17.200 $ 57,344.80
5/11/2005 1,114 $16.887 $ 18,812.12
5/12/2005 5,967 $16.727 $ 99,810.01
5/16/2005 3,000 $16.864 $ 50,592.00
5/25/2005 478 $16.807 $ 8,033.75
5/26/2005 502 $16.710 $ 8,388.42
5/26/2005 234 $16.717 $ 3,911.78
5/27/2005 136 $16.653 $ 2,264.81
5/31/2005 900 $16.500 $ 14,850.00
----------
(2) Excludes commissions and other execution-related costs.
Shares purchased by Parche, LLC
Number of
Date Shares Price Per Share Cost(3)
---- --------- --------------- -----------
5/26/2005 104,842 16.920 $1,773,927.00
5/26/2005 8,025 16.710 $134,095.39
5/26/2005 3,750 16.717 $62,689.82
5/26/2005 1,700 16.920 $28,764.00
5/27/2005 2,175 16.653 $36,219.33
5/31/2005 14,400 16.500 $237,595.68
----------
(3) Excludes commissions and other execution-related costs.
Shares purchased by Starboard Value & Opportunity Fund, LLC
Number of
Date Shares Price Per Share Cost(4)
---- --------- --------------- -----------
4/8/2005 3,646 17.144 $62,507.90
4/11/2005 1,472 17.000 $25,024.00
4/12/2005 24,003 16.748 $402,012.24
4/13/2005 21,443 16.850 $361,317.11
4/14/2005 24,003 16.624 $399,014.28
4/15/2005 24,003 16.485 $395,687.04
4/18/2005 1,987 16.413 $32,613.34
4/20/2005 9,601 16.164 $155,188.45
4/21/2005 4,801 16.598 $79,684.84
4/22/2005 12,802 16.658 $213,254.10
4/22/2005 2,566 16.501 $42,341.94
4/25/2005 6,401 16.635 $106,480.89
4/26/2005 5,600 16.589 $92,901.03
4/27/2005 12,802 16.559 $211,985.66
4/28/2005 10,625 16.506 $175,375.08
4/29/2005 9,442 16.435 $155,178.09
5/2/2005 97 16.513 $1,601.77
5/3/2005 5,761 16.551 $95,348.83
5/4/2005 17,314 16.723 $289,536.58
5/5/2005 3,200 17.313 $55,400.31
5/6/2005 1,537 17.047 $26,201.23
5/9/2005 11,201 17.200 $192,657.20
5/10/2005 12,600 17.194 $216,643.56
5/11/2005 2,880 16.887 $48,635.80
5/12/2005 15,426 16.727 $258,031.01
5/13/2005 11,760 16.571 $194,880.00
5/16/2005 37,800 16.864 $637,448.28
5/17/2005 21,000 17.100 $359,100.00
5/17/2005 3,360 17.445 $58,616.04
5/24/2005 42,000 17.021 $714,865.20
5/25/2005 40,163 16.806 $674,999.30
5/26/2005 42,131 16.710 $703,996.61
5/26/2005 19,687 16.717 $329,113.18
5/27/2005 11,419 16.653 $190,155.67
5/31/2005 75,600 16.500 $1,247,377.32
----------
(4) Excludes commissions and other execution-related costs.
Shares purchased on behalf of Millenco, L.P.
Number of
Date Shares Price Per Share Cost(5)
---- --------- --------------- -----------
4/8/2005 2,180 17.144 $37,374.36
4/11/2005 (200) 17.000 $(3,400.00)
4/11/2005 1,095 17.000 $18,615.00
4/12/2005 (676) 17.010 $(11,498.76)
4/12/2005 17,850 16.748 $298,958.94
4/13/2005 15,946 16.850 $268,691.69
4/14/2005 17,850 16.624 $296,729.48
4/15/2005 (200) 16.400 $(3,280.00)
4/15/2005 17,850 16.485 $294,255.47
4/18/2005 1,478 16.413 $24,259.15
4/20/2005 (400) 16.192 $(6,477.00)
4/20/2005 7,140 16.164 $115,409.53
4/21/2005 3,570 16.598 $59,253.08
4/22/2005 (2,300) 16.480 $(37,905.00)
4/22/2005 11,429 16.632 $190,083.81
4/25/2005 4,760 16.635 $79,183.08
4/26/2005 (600) 16.580 $(9,948.00)
4/26/2005 4,165 16.589 $69,094.85
4/27/2005 (500) 16.656 $(8,328.00)
4/27/2005 9,520 16.559 $157,639.78
4/28/2005 (700) 16.500 $(11,550.00)
4/28/2005 12,331 16.506 $203,534.25
4/29/2005 10,956 16.435 $180,060.76
5/2/2005 (700) 16.660 $(11,662.00)
5/2/2005 71 16.510 $1,172.21
5/3/2005 (600) 16.680 $(10,008.00)
5/3/2005 4,284 16.551 $70,903.20
5/4/2005 (500) 17.008 $(8,504.00)
5/4/2005 12,876 16.723 $215,321.49
5/5/2005 2,380 17.313 $41,203.75
5/6/2005 1,142 17.047 $19,467.56
5/9/2005 (400) 17.538 $(7,015.00)
5/9/2005 8,330 17.200 $143,276.00
5/10/2005 (253) 17.306 $(4,378.43)
5/19/2005 (100) 17.440 $(1,744.00)
5/25/2005 1,115 16.807 $18,739.25
5/26/2005 1,717 16.712 $28,694.71
5/27/2005 317 16.653 $5,278.87
5/31/2005 2,100 16.500 $34,649.37
----------
(5) Excludes commissions and other execution-related costs.
Shares purchased on behalf of RJG Capital Partners, L.P.
Number of
Date Shares Price Per Share Cost(6)
---- --------- --------------- -----------
4/20/05 1,000 16.1730 $16,173.00
----------
(6) Excludes commissions and other execution-related costs.