dbd_02a.htm
 
 
 


SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


SCHEDULE 13D

Under the Securities Exchange Act of 1934 (Amendment No. 2)



Diebold, Incorporated
(Name of Issuer)

Common Stock
(Title of Class of Securities)


                                                                                                                                       ________253651103_________
(CUSIP Number)

Peter D. Goldstein
GAMCO Investors, Inc.
One Corporate Center
Rye, New York 10580-1435
(914) 921-7732
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)


______________________ November 7, 2008________________________
(Date of Event which Requires Filing of this Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box  .


 
1
 


CUSIP No.  253651103
1
Names of reporting persons
I.R.S. identification nos. of above persons (entities only)
Gabelli Funds, LLC                                                                                              I.D. No.  13-4044523
2
Check the appropriate box if a member of a group (SEE INSTRUCTIONS)(a)
 
 
(b)
 
3
Sec use only
 
4
Source of funds (SEE INSTRUCTIONS)
   00-Funds of investment advisory clients
 
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
 
Number Of
 
Shares
 
Beneficially
 
Owned
 
By Each
 
Reporting
 
Person
 
With
: 7
:
:
:
Sole voting power
 
1,220,000  (Item 5)
: 8
:
:
:
Shared voting power
 
None
: 9
:
:
:
Sole dispositive power
 
1,220,000  (Item 5)
:10
:
:
:
Shared dispositive power
 
None
11
 
 
 
Aggregate amount beneficially owned by each reporting person
 
1,220,000  (Item 5)
12
 
 
 
Check box if the aggregate amount in row (11) excludes certain shares
(SEE INSTRUCTIONS)
13
 
 
 
Percent of class represented by amount in row (11)
 
1.85%
14
 
 
 
Type of reporting person (SEE INSTRUCTIONS)
    IA
 
 
2
 
CUSIP No. 253651103
1
Names of reporting persons
I.R.S. identification nos. of above persons (entities only)
GAMCO Asset Management Inc.                                                                    I.D. No.  13-4044521
2
Check the appropriate box if a member of a group (SEE INSTRUCTIONS)(a)
 
 
(b)
 
3
Sec use only
 
4
Source of funds (SEE INSTRUCTIONS)
 00-Funds of investment advisory clients
 
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
 
Number Of
 
Shares
 
Beneficially
 
Owned
 
By Each
 
Reporting
 
Person
 
With
: 7
:
:
:
Sole voting power
 
3,414,500 (Item 5)
: 8
:
:
:
Shared voting power
 
None
: 9
:
:
:
Sole dispositive power
 
3,536,400 (Item 5)
:10
:
:
:
Shared dispositive power
 
None
11
 
 
 
Aggregate amount beneficially owned by each reporting person
 
3,536,400 (Item 5)
12
 
 
 
Check box if the aggregate amount in row (11) excludes certain shares
(SEE INSTRUCTIONS)
13
 
 
 
Percent of class represented by amount in row (11)
 
5.35%
14
 
 
 
Type of reporting person (SEE INSTRUCTIONS)
    IA, CO
 
 
3
 
CUSIP No.  253651103
1
Names of reporting persons
I.R.S. identification nos. of above persons (entities only)
MJG Associates, Inc.                                                                                     I.D. No.  06-1304269
2
Check the appropriate box if a member of a group (SEE INSTRUCTIONS)(a)
 
 
(b)
 
3
Sec use only
 
 
4
Source of funds (SEE INSTRUCTIONS)
 00-Client Funds
 
5
Check box if disclosure of legal proceedings is required pursuant to items 2 (d) or 2 (e)
 
 
6
Citizenship or place of organization
   Connecticut
 
Number Of
 
Shares
 
Beneficially
 
Owned
 
By Each
 
Reporting
 
Person
 
With
: 7
:
:
:
Sole voting power
 
 57,500  (Item 5)
: 8
:
:
:
Shared voting power
 
None
: 9
:
:
:
Sole dispositive power
 
57,500  (Item 5)
:10
:
:
:
Shared dispositive power
 
None
11
 
 
 
Aggregate amount beneficially owned by each reporting person
 
57,500  (Item 5)
12
 
 
 
Check box if the aggregate amount in row (11) excludes certain shares
 (SEE INSTRUCTIONS)
13
 
 
 
Percent of class represented by amount in row (11)
 
0.09%
14
 
 
Type of reporting person (SEE INSTRUCTIONS)
    CO

 
4
 
CUSIP No. 253651103
1
Names of reporting persons
I.R.S. identification nos. of above persons (entities only)
Gabelli Securities, Inc.                                                                                              I.D. No.  13-3379374
2
Check the appropriate box if a member of a group (SEE INSTRUCTIONS)(a)
 
 
(b)
 
3
Sec use only
 
4
Source of funds (SEE INSTRUCTIONS)
00-Client Funds
 
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
 
Number Of
 
Shares
 
Beneficially
 
Owned
 
By Each
 
Reporting
 
Person
 
With
: 7
:
:
:
Sole voting power
 
 90,500     (Item 5)
: 8
:
:
:
Shared voting power
 
None
: 9
:
:
:
Sole dispositive power
 
90,500     (Item 5)
:10
:
:
:
Shared dispositive power
 
None
11
 
 
 
Aggregate amount beneficially owned by each reporting person
 
90,500     (Item 5)
12
 
 
 
Check box if the aggregate amount in row (11) excludes certain shares
(SEE INSTRUCTIONS)
13
 
 
 
Percent of class represented by amount in row (11)
 
0.14%
14
 
 
 
Type of reporting person (SEE INSTRUCTIONS)
    HC, CO, IA

 
5
 
CUSIP No.  253651103
1
Names of reporting persons
I.R.S. identification nos. of above persons (entities only)
Gabelli Foundation, Inc.                                                                                     I.D. No.  94-2975159
2
Check the appropriate box if a member of a group (SEE INSTRUCTIONS)(a)
 
 
(b)
 
3
Sec use only
 
4
Source of funds (SEE INSTRUCTIONS)
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
   NV
 
Number Of
 
Shares
 
Beneficially
 
Owned
 
By Each
 
Reporting
 
Person
 
With
: 7
:
:
:
Sole voting power
 
20,000      (Item 5)
: 8
:
:
:
Shared voting power
 
None
: 9
:
:
:
Sole dispositive power
 
20,000        (Item 5)
:10
:
:
:
Shared dispositive power
 
None
11
 
 
 
Aggregate amount beneficially owned by each reporting person
 
 20,000              (Item 5)
12
 
 
 
Check box if the aggregate amount in row (11) excludes certain shares
(SEE INSTRUCTIONS)
13
 
 
 
Percent of class represented by amount in row (11)
 
0.03%
14
 
 
 
Type of reporting person (SEE INSTRUCTIONS)
    00-Private Foundation

 
6
 
CUSIP No. 253651103
1
Names of reporting persons
I.R.S. identification nos. of above persons (entities only)
GGCP, Inc.                                                                                                                                                        I.D. No.  13-3056041
2
Check the appropriate box if a member of a group (SEE INSTRUCTIONS)(a)
 
 
(b)
 
3
Sec use only
 
4
Source of funds (SEE INSTRUCTIONS)
None
 
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
 
Number Of
 
Shares
 
Beneficially
 
Owned
 
By Each
 
Reporting
 
Person
 
With
: 7
:
:
:
Sole voting power
 
15,000  (Item 5)
: 8
:
:
:
Shared voting power
 
None
: 9
:
:
:
Sole dispositive power
 
15,000  (Item 5)
:10
:
:
:
Shared dispositive power
 
None
11
 
 
 
Aggregate amount beneficially owned by each reporting person
 
15,000  (Item 5)
12
 
 
 
Check box if the aggregate amount in row (11) excludes certain shares
(SEE INSTRUCTIONS)  X
13
 
 
 
Percent of class represented by amount in row (11)
 
0.02%
 
14
 
 
Type of reporting person (SEE INSTRUCTIONS)
    HC, CO

 
7
 
CUSIP No. 253651103
1
Names of reporting persons
I.R.S. identification nos. of above persons (entities only)
GAMCO Investors, Inc.                                                                                                                                       I.D. No.  13-4007862
 
Check the appropriate box if a member of a group (SEE INSTRUCTIONS)(a)
 
 
(b)
 
3
Sec use only
 
4
Source of funds (SEE INSTRUCTIONS)
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
  New York
 
Number Of
 
Shares
 
Beneficially
 
Owned
 
By Each
 
Reporting
 
Person
 
With
: 7
:
:
:
Sole voting power
 
17,500  (Item 5)
: 8
:
:
:
Shared voting power
 
None
: 9
:
:
:
Sole dispositive power
 
17,500  (Item 5)
:10
:
:
:
Shared dispositive power
 
None
11
 
 
 
Aggregate amount beneficially owned by each reporting person
 
17,500  (Item 5)
12
 
 
 
Check box if the aggregate amount in row (11) excludes certain shares
(SEE INSTRUCTIONS)  X
13
 
 
 
Percent of class represented by amount in row (11)
 
0.03%
14
 
 
 
Type of reporting person (SEE INSTRUCTIONS)
    HC, CO

 
8
 
CUSIP No. 253651103
1
Names of reporting persons
I.R.S. identification nos. of above persons (entities only)
Mario J. Gabelli
2
Check the appropriate box if a member of a group (SEE INSTRUCTIONS)                                                                                                                                          (a)
 
 
(b)
 
3
Sec use only
 
4
Source of funds (SEE INSTRUCTIONS)
00 – Funds of a Private Entity
 
5
Check box if disclosure of legal proceedings is required pursuant to items 2 (d) or 2 (e)
 
 
6
Citizenship or place of organization
   USA
 
Number Of
 
Shares
 
Beneficially
 
Owned
 
By Each
 
Reporting
 
Person
 
With
: 7
:
:
:
Sole voting power
 
45,000   (Item 5)
: 8
:
:
:
Shared voting power
 
None
: 9
:
:
:
Sole dispositive power
 
45,000   (Item 5)
:10
:
:
:
Shared dispositive power
 
None
11
 
 
 
Aggregate amount beneficially owned by each reporting person
 
45,000   (Item 5)
12
 
 
 
Check box if the aggregate amount in row (11) excludes certain shares
(SEE INSTRUCTIONS)  X
13
 
 
 
Percent of class represented by amount in row (11)
 
0.07%
14
 
 
Type of reporting person (SEE INSTRUCTIONS)
    IN

 
9
 
Item 1.                                Security and Issuer
This Amendment No. 2 to Schedule 13D on the Common Stock of Diebold, Incorporated (the “Issuer”) is being filed on behalf of the undersigned to amend the Schedule 13D, as amended (the “Schedule 13D”), which was originally filed on April 10, 2008.  Unless otherwise indicated, all capitalized terms used herein but not defined herein shall have the same meaning as set forth in the Schedule 13D.

Item 2.                                Identity and Background
This statement is being filed by Mario J. Gabelli (“Mario Gabelli”) and various entities which he
directly or indirectly controls or for which he acts as chief investment officer.  These entities, except for LICT Corporation (“LICT”), engage in various aspects of the securities business, primarily as investment adviser to various institutional and individual clients, including registered investment companies and pension plans, and as general partner of various private investment partnerships.  Certain of these entities may also make investments for their own accounts.
The foregoing persons in the aggregate often own beneficially more than 5% of a class of a particular issuer.  Although several of the foregoing persons are treated as institutional investors for purposes of reporting their beneficial ownership on the short-form Schedule 13G, the holdings of those who do not qualify as institutional investors may exceed the 1% threshold presented for filing on Schedule 13G or implementation of their investment philosophy may from time to time require action which could be viewed as not completely passive.  In order to avoid any question as to whether their beneficial ownership is being reported on the proper form and in order to provide greater investment flexibility and administrative uniformity, these persons have decided to file their beneficial ownership reports on the more detailed Schedule 13D form rather than on the short-form Schedule 13G and thereby to provide more expansive disclosure than may be necessary.
(a), (b) and (c) - This statement is being filed by one or more of the following persons: GGCP, Inc.  (“GGCP”), GAMCO Investors, Inc. (“GBL”), Gabelli Funds, LLC (“Gabelli Funds”), GAMCO Asset Management Inc. (“GAMCO”), Teton Advisors, Inc. (“Teton Advisors”), Gabelli Securities, Inc. (“GSI”), Gabelli & Company, Inc. (“Gabelli & Company”), MJG Associates, Inc. (“MJG Associates”), Gabelli Foundation, Inc. (“Foundation”), Mario Gabelli, and LICT.  Those of the foregoing persons signing this Schedule 13D are hereafter referred to as the “Reporting Persons”.
GGCP makes investments for its own account and is the parent company of GBL.  GBL, a public company listed on the New York Stock Exchange, is the parent company for a variety of companies engaged in the securities business, including those named below.
GAMCO, a wholly-owned subsidiary of GBL, is an investment adviser registered under the Investment Advisers Act of 1940, as amended (“Advisers Act”).  GAMCO is an investment manager providing discretionary managed account services for employee benefit plans, private investors, endowments, foundations and others.
GSI, a majority-owned subsidiary of GBL, is an investment adviser registered under the Advisers Act and serves as a general partner or investment manager to limited partnerships and offshore investment companies.  As a part of its business, GSI may purchase or sell securities for its own account.  It is the immediate parent of Gabelli & Company. GSI is the general partner or investment manager of a number of funds or partnerships, including Gabelli Associates Fund, Gabelli Associates Fund II, Gabelli Associates Limited, ALCE Partners, L.P., and Gabelli Multimedia Partners, L.P.  GSI and Marc Gabelli own 45% and 55%, respectively, of Gabelli Securities International Limited (“GSIL”). GSIL provides investment advisory services to offshore funds and accounts.   GSIL is an investment advisor of Gabelli International Gold Fund Limited, Gabelli European Partners, Ltd., and Gabelli Global Partners, Ltd.
Gabelli & Company, a wholly-owned subsidiary of GSI, is a broker-dealer registered under the Securities Exchange Act of 1934, as amended (“1934 Act”), which as a part of its business regularly purchases and sells securities for its own account.
Gabelli Funds, a wholly owned subsidiary of GBL, is a limited liability company. Gabelli Funds is an investment adviser registered under the Advisers Act which presently provides discretionary managed account services for The Gabelli Equity Trust Inc., The Gabelli Asset Fund, The GAMCO Growth Fund, The Gabelli Convertible and Income Securities Fund Inc., The Gabelli Value Fund Inc., The Gabelli Small Cap Growth Fund, The Gabelli Equity Income Fund, The Gabelli ABC Fund, The GAMCO Global Telecommunications Fund, GAMCO Gold Fund, Inc., The Gabelli Global Multimedia Trust Inc., The GAMCO Global Convertible Securities Fund, Gabelli Capital Asset Fund, GAMCO International Growth Fund, Inc., The GAMCO Global Growth Fund, The Gabelli Utility Trust, The GAMCO Global Opportunity Fund, The Gabelli Utilities Fund, The Gabelli Blue Chip Value Fund, The GAMCO Mathers Fund, The Gabelli Woodland Small Cap Value Fund, The Comstock Capital Value Fund, The Comstock Strategy Fund, The Gabelli Dividend and Income Trust, The Gabelli Global Utility & Income Trust, The Gabelli Global Gold, Natural Resources, & Income Trust, The Gabelli Global Deal Fund, Gabelli Enterprise M&A Fund, The Gabelli SRI Fund, Inc. and The Gabelli Healthcare & Wellness Rx Trust (collectively, the “Funds”), which are registered investment companies.
Teton Advisors, a subsidiary of GBL, is an investment adviser which provides discretionary advisory services to The GAMCO Westwood Mighty Mitessm Fund, The GAMCO Westwood Income Fund and The GAMCO Westwood Small Cap Fund.
MJG Associates provides advisory services to private investment partnerships and offshore funds.  Mario Gabelli is the sole shareholder, director and employee of MJG Associates.   MJG Associates is the Investment Manager of Gabelli International Limited, Gabelli International II Limited and Gabelli Fund, LDC.  Mario J. Gabelli is the general partner of Gabelli Performance Partnership, LP.
The Foundation is a private foundation.  Mario Gabelli is the Chairman, a Trustee and the
Investment Manager of the Foundation. Elisa Gabelli Wilson is the President of the Foundation.
 LICT is a holding company with operating subsidiaries engaged primarily in the rural telephone industry.  LICT actively pursues new business ventures and acquisitions.  LICT makes investments in marketable securities to preserve capital and maintain liquidity for financing their business activities and acquisitions and are not engaged in the business of investing, reinvesting, or trading in securities.  Mario J. Gabelli is a director, and substantial shareholder of LICT.
Mario Gabelli is the majority stockholder and Chief Executive Officer of GGCP and Chairman and Chief Executive Officer of GBL.  GGCP is the majority shareholder of GBL. GBL, in turn, is the sole stockholder of GAMCO.  GBL is also the majority stockholder of GSI and the largest shareholder of Teton Advisors.  Gabelli & Company is a wholly-owned subsidiary of GSI.
The Reporting Persons do not admit that they constitute a group.
GBL, GAMCO, and Gabelli & Company are New York corporations and GSI and Teton Advisors are Delaware corporations, each having its principal business office at One Corporate Center, Rye, New York 10580. GGCP is a New York corporation having its principal business office at 140 Greenwich Avenue, Greenwich, CT 06830. Gabelli Funds is a New York limited liability company having its principal business office at One Corporate Center, Rye, New York 10580.  MJG Associates is a Connecticut corporation having its principal business office at 140 Greenwich Avenue, Greenwich, CT 06830.  The Foundation is a Nevada corporation having its principal offices at 165 West Liberty Street, Reno, Nevada 89501.  LICT is a Delaware corporation having its principal place of business at 401 Theodore Fremd Avenue, Rye, New York 10580.
For information required by instruction C to Schedule 13D with respect to the executive officers and directors of the foregoing entities and other related persons (collectively, “Covered Persons”), reference is made to Schedule I annexed hereto and incorporated herein by reference.
(f) - Reference is made to Schedule I hereto.

Item 3.                                Source and Amount of Funds or Other Consideration
Item 3 to Schedule 13D is amended, in pertinent part, as follows:
The Reporting Persons used an aggregate of approximately $1,196,722 to purchase the additional Securities reported as beneficially owned in Item 5 since the most recent filing on Schedule 13D. GAMCO used approximately $1,196,457 of funds that were provided through the accounts of certain of their investment advisory clients (and, in the case of some of such accounts at GAMCO, may be through borrowings from client margin accounts) in order to purchase the additional Securities for such clients.  Mario Gabelli used approximately $265 of funds of a private entity to purchase the additional Securities reported by him.

Item 4.                                Purpose of Transaction
            Item 4 to Schedule 13D is amended, in pertinent part, as follows:
                        On November 7, 2008, GBL submitted a letter to the Issuer that again requested that the Board of Directors of the Issuer remove its "poison pill" by redeeming the preferred share purchase rights or letting the rights expire on February 10, 2009.  GBL also stated that in the event the poison pill is not removed by Febraury 10, 2009, GBL would like to submit the issue to a vote of the shareholders of the Issuer at the Issuer's 2009 Annual Meeting.  The letter also stated that GBL looks forward to maintaining a dialog with the Issuer on issues such as the use of cash flow, and corporate governance, such as poison pills.  A copy of the letter is attached hereto as Exhibit A.


Item 5.                                Interest In Securities Of The Issuer
Item 5 to Schedule 13D is amended, in pertinent part, as follows:
(a) The aggregate number of Securities to which this Schedule 13D relates is 5,001,900 shares, representing 7.57% of the approximately 66,100,607 shares outstanding as reported by the Issuer in its Form 10-Q for the quarterly period ended June 30, 2008. The Reporting Persons beneficially own those Securities as follows:
 
Name
Shares of
Common Stock
% of Class of
Common
 
Gabelli Funds
 
1,220,000
 
1.85%
 
GAMCO
 
3,536,400
 
5.35%
 
GSI
 
90,500
 
0.14%
 
MJG-FDN
 
20,000
 
0.03%
 
GBL
 
17,500
 
0.03%
 
Mario Gabelli
 
45,000
 
0.07%
 
MJG Associates
 
57,500
 
0.09%
 
GGCP
 
15,000
 
0.02%

Mario Gabelli is deemed to have beneficial ownership of the Securities owned beneficially by each of the foregoing persons.  GSI is deemed to have beneficial ownership of the Securities owned beneficially by Gabelli & Company.  GBL and GGCP are deemed to have beneficial ownership of the Securities owned beneficially by each of the foregoing persons other than Mario Gabelli and the Foundation.
(b) Each of the Reporting Persons and Covered Persons has the sole power to vote or direct the vote and sole power to dispose or to direct the disposition of the Securities reported for it, either for its own benefit or for the benefit of its investment clients or its partners, as the case may be, except that (i) GAMCO does not have the authority to vote 121,900 of its reported shares,  (ii) Gabelli Funds has sole dispositive and voting power with respect to the shares of the Issuer held by the Funds so long as the aggregate voting interest of all joint filers does not exceed 25% of their total voting interest in the Issuer and, in that event, the Proxy Voting Committee of each Fund shall respectively vote that Fund’s shares, (iii) at any time, the Proxy Voting Committee of each such Fund may take and exercise in its sole discretion the entire voting power with respect to the shares held by such fund under special  circumstances such as regulatory considerations, and (iv) the power of Mario Gabelli, GBL, and GGCP is indirect with respect to Securities beneficially owned directly by other Reporting Persons.
(c) Information with respect to all transactions in the Securities which were effected during the past sixty days or since the most recent filing on Schedule 13D, whichever is less, by each of the Reporting Persons and Covered Persons is set forth on Schedule II annexed hereto and incorporated herein by reference.
(e) Not applicable.


 
10
 

Signature
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated:                      November 10, 2008

                                                                                MARIO J. GABELLI
GGCP, INC.
                                                                                                GABELLI FOUNDATION
MJG ASSOCIATES, INC.
GABELLI SECURITIES, INC.
                GABELLI FUNDS, LLC
                                                                                TETON ADVISORS, INC.
GAMCO ASSET MANAGEMENT INC
GAMCO INVESTORS, INC.



          By:/s/ Douglas R. Jamieson                                                                           
          Douglas R. Jamieson
            Attorney-in-Fact for Mario J. Gabelli, Gabelli Foundation &
                                                                                                MJG Associates, Inc.
            President, Gabelli Securities, Inc.
            Director – GGCP, Inc.
                                                                                            President & Chief Operating Officer of the sole member of
                Gabelli Funds, LLC.
            Director – Teton Advisors, Inc.
                                                                                             President – GAMCO Asset Management Inc.
                                                                                            President & Chief Operating Officer – GAMCO  Investors, Inc.


 
11
 

                  Schedule I
                                                                       Information with Respect to Executive
                                                                    Officers and Directors of the Undersigned
Schedule I to Schedule 13D is amended, in pertinent part, as follows:

The following sets forth as to each of the executive officers and directors of the undersigned: his name; his business address; his present principal occupation or employment and the name, principal business and address of any corporation or other organization in which such employment is conducted.  Unless otherwise specified, the principal employer of each such individual is GAMCO Asset Management, Inc., Gabelli Funds, LLC, Gabelli Securities, Inc., Gabelli & Company, Inc., Teton Advisors, Inc., or GAMCO Investors, Inc., the business address of each of which is One Corporate Center, Rye, New York 10580, and each such individual identified below is a citizen of the United States.  To the knowledge of the undersigned, during the last five years, no such person has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), and no such person was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which he 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 law or finding any violation with respect to such laws except as reported in Item 2(d) of this Schedule 13D.










 
12
 










GGCP, Inc.
Directors:
  
Vincent J. Amabile
 
               Mario J. Gabelli
 
Business Consultant
 
Chief Executive Officer of GGCP, Inc., and Chairman & Chief Executive Officer of GAMCO Investors, Inc.; Director/Trustee of all registered investment companies advised by Gabelli Funds, LLC; Chairman of LICT Corporation.
 
Marc J. Gabelli
 
Chairman of The LGL Group, Inc.
 
Matthew R. Gabelli
 
Vice President – Trading
Gabelli & Company, Inc.
One Corporate Center
Rye, New York 10580
 
Charles C. Baum
 
 
 
 
               Douglas R. Jamieson
 
Secretary & Treasurer
United Holdings Co., Inc.
2545 Wilkens Avenue
Baltimore, MD   21223
 
See below
Joseph R. Rindler, Jr.
 
Account Executive for GAMCO Asset Management Inc.
               Fredric V. Salerno
Chairman; Former Vice Chairman and Chief Financial Officer
Verizon Communications
 
Vincent Capurso
Vice President Taxes, Barnes & Noble, Inc.
 
Vincent S. Tese
 
Former Director GAMCO Investors, Inc.
 
               Michael Gabelli
 
 
Director
   
Officers:
  
Mario J. Gabelli
 Chief Executive Officer and Chief Investment Officer
 
Michael G. Chieco
Chief Financial Officer, Secretary
 
   
GAMCO Investors, Inc.
Directors:
  
 
               Edwin L. Artzt
 
 
 
 
Raymond C. Avansino
 
 
 
              Richard L. Bready
 
Former Chairman and Chief Executive Officer
Procter & Gamble Company
900 Adams Crossing
Cincinnati, OH 45202
 
Chairman & Chief Executive Officer
E.L. Wiegand Foundation
Reno, NV 89501
 
Chairman and Chief Executive Officer
Nortek, Inc.
50 Kennedy Plaza
Providence, RI 02903
 
Mario J. Gabelli
 
               John D. Gabelli
See above
 
Senior Vice President
   
               Eugene R. McGrath
 
Former Chairman and Chief Executive Officer
Consolidated Edison, Inc.
 
               Robert S. Prather
 
 
 
 
President & Chief Operating Officer
Gray Television, Inc.
4370 Peachtree Road, NE
Atlanta, GA 30319
Officers:
  
Mario J. Gabelli
 
Chairman and Chief Executive Officer
 
Douglas R. Jamieson
 
Henry G. Van der Eb
 
Jeffrey M. Farber
 
Christopher Michailoff
President and Chief Operating Officer
 
Senior Vice President
 
Executive Vice President and Chief Financial Officer
 
Acting Secretary
   
GAMCO Asset Management Inc.
Directors:
 
  
Douglas R. Jamieson
Regina M. Pitaro
William S. Selby
 
  
Officers:
 
  
Mario J. Gabelli
Chief Investment Officer – Value Portfolios
 
   
Douglas R. Jamieson
 
John Piontkowski
 
               Chistopher J. Michailoff
President
 
Chief Operating Officer & Chief Financial Officer
 
General Counsel and Secretary
 
Gabelli Funds, LLC
Officers:
 
  
Mario J. Gabelli
 
Chief Investment Officer – Value Portfolios
Bruce N. Alpert
Executive Vice President and Chief Operating Officer
 
               Agnes Mullady
Vice President and President Closed-End Fund Division
 
 
 
Teton Advisors, Inc.
Directors:
 
  
Bruce N. Alpert
               Douglas R. Jamieson
 
See above
See above
Officers:
 
  
Bruce N. Alpert
 
               Nicholas F. Galluccio
Chairman
 
Chief Executive Officer and President
   
Gabelli Securities, Inc.
 
  
Directors:
 
  
Robert W. Blake
President of W. R. Blake & Sons, Inc.
196-20 Northern Boulevard
Flushing, NY   11358
 
Douglas G. DeVivo
General Partner of ALCE Partners, L.P.
One First Street, Suite 16
Los Altos, CA   94022
 
 
               Douglas R. Jamieson
 
 
President
 

Officers:
 
  
Douglas R. Jamieson
 
               Christopher J. Michailoff
 
               Kieran Caterina
See above
 
Secretary
 
Chief Financial Officer
 
 
Gabelli & Company, Inc.
Directors:
 
  
James G. Webster, III
Chairman & Interim President
 
Irene Smolicz
Senior Trader
Gabelli & Company, Inc.
 
 
Officers:
  
James G. Webster, III
See Above
 
Bruce N. Alpert
Vice President - Mutual Funds
 
   
 
LICT Corporation
401 Theodore Fremd Avenue Rye, NY 10580
 
  
Directors:
 
  
Mario J. Gabelli
 
See above - GGCP, Inc.
 
 
Glenn J. Angiolillo
P.O. Box 128
New Canaan, CT 06840
 
 
              Alfred W. Fiore
The Ross Companies
1270 Avenue of the Americas
New York, NY 10020-1703
 
 
Salvatore Muoio
Principal
S. Muoio & Co., LLC
Suite 406
509 Madison Ave.
New York, NY 10022
 
 
Gary L. Sugarman
 
Chief Executive Officer
Richfield Associates
400 Andrews Street
Rochester, NY 14604
Officers:
 
  
Mario J. Gabelli
 
Chairman
Robert E. Dolan
 
Interim President and Chief Executive Officer,
Chief Financial Officer
 
Thomas J. Hearity
 
General Counsel
 
















 
13
 



                                    SCHEDULE II
                            INFORMATION WITH RESPECT TO
                 TRANSACTIONS EFFECTED DURING THE PAST SIXTY DAYS OR
                 SINCE THE MOST RECENT FILING ON SCHEDULE 13D (1)
                                   SHARES PURCHASED        AVERAGE
                        DATE            SOLD(-)             PRICE(2)
        
         
 COMMON STOCK-DIEBOLD,INCORPORATED
        
                 
          MARIO J. GABELLI
            
                      10/20/08            4,000            27.3714
        
                      10/20/08            4,000-           27.3051
        
          MJG ASSOCIATES, INC.
  
             GABELLI INTERNATIONAL II LIMITED
                      10/14/08              500-           28.1040
             GABELLI INTERNATIONAL LIMITED
                      10/31/08            2,000-           29.4100
        
             GABELLI FUND, LDC
                      10/16/08              500            25.5000
          GAMCO INVESTORS, INC.
                      10/30/08            5,000-           28.4900
          GAMCO ASSET MANAGEMENT INC.
                      11/07/08              500-           28.3569
                      11/06/08              700-           29.2086
        
                      11/05/08              300-           28.9000
                      11/04/08              700            29.4057
                      11/04/08            2,000-           29.3210
                      11/04/08              100-             *DO
                      11/03/08           42,044-             *DO
                      11/03/08            3,500            29.1477
        
                      11/03/08            3,200-           29.5586
                      10/31/08            1,000            28.8380
                      10/31/08            2,000            29.2608
                      10/31/08            2,000            29.5990
                      10/30/08            6,000-           28.7208
                      10/30/08            2,300-           27.8552
                      10/30/08            5,000            27.8042
        
                      10/30/08            2,000            27.0090
                      10/30/08            2,000-           28.9630
                      10/29/08            3,000            25.4700
                      10/29/08            2,000            25.7235
                      10/29/08            2,500            25.9036
                      10/28/08            2,000-           23.6040
                      10/28/08            5,000            23.4400
                      10/28/08            1,000            23.6500
                      10/28/08            3,000-           23.5000
                      10/27/08            1,000            23.7200
                      10/27/08           34,800            23.7106
                      10/27/08              500            23.3900
                      10/27/08            3,000-           23.5970
                      10/27/08              200-             *DO
                      10/24/08              400-           23.7675
                      10/24/08            3,000            23.3377
                      10/24/08            1,000-           23.6480
                      10/23/08            1,000-           24.8960
                      10/23/08            1,500            24.7700
                      10/22/08            3,100-           24.9500
                      10/21/08              500            27.2700
                      10/21/08              500-           28.0400
                      10/20/08              200            27.2000
                      10/20/08            2,000            26.9500
                      10/17/08            2,000            25.9049
                      10/17/08            5,000            25.8000
                      10/17/08              200            25.8100
                      10/17/08           12,000-         26.4417
                      10/17/08            2,000            26.1450
                      10/16/08            2,000            24.6500
                      10/15/08            2,700-          26.8833
                      10/15/08            5,000            25.7470
                      10/15/08              700            25.7870
                      10/14/08            5,000            28.8800
        
          GABELLI SECURITIES, INC.
  
             GABELLI ASSOCIATES LTD
                      11/06/08            2,000-           29.5338
                      10/30/08            2,500-           28.4646
             GABELLI ASSOCIATES FUND
                      11/06/08            3,500-           29.5338
                      10/30/08            4,500-           28.4646
          GABELLI FUNDS, LLC.
             GABELLI SMALL CAP GROWTH FUND
                      10/31/08            5,000            28.4800
             GABELLI EQUITY TRUST
                      10/31/08            5,000-           28.7260
                      10/30/08            5,000-           28.7560
             GABELLI CAPITAL ASSET FUND
                      10/31/08            2,000-           29.9040
                      10/30/08            2,000-           27.0200
             GABELLI ABC FUND
                      10/31/08            4,000-           29.2438
                      10/30/08            3,000-           28.8277
                      10/15/08            2,000            25.5545
        
         
(1) UNLESS OTHERWISE INDICATED, ALL TRANSACTIONS WERE EFFECTED
    ON THE NYSE.
              
       
(2) PRICE EXCLUDES COMMISSION.
          
       
(*) RESULTS IN CHANGE OF DISPOSITIVE POWER AND BENEFICIAL OWNERSHIP.
                 

 
14
 



Exhibit A.


[Missing Graphic Reference]
            One Corporate Center
            Rye, NY 10580-1435
        GAMCO Investors, Inc.
            Tel. (914) 921-3900
                Fax (914) 921-5099
                www.gabelli.com




   November 7, 2008


Mr. Thomas W. Swidarski
President and Chief Executive Officer
Diebold, Incorporated
5995 Mayflower Road
PO Box 3077
North Canton, OH 44720-8077

Dear Tom:

Trust all is well.   I look forward to chatting with you about plans for allocation of cash flow.

To echo our firm’s governance philosophy, we are not for management, nor are we against management, and just like you, remain committed to shareholder value creation.

Along that spirit, GAMCO requests again that you convey to your Board of Directors that it remove DBD’s “poison pill” by redeeming the preferred share purchase rights or
 
                let the rights expire on February 10, 2009.

In the event that the poison pill is not removed by February 10th, we would like to submit the issue to a shareholder vote for your 2009 Annual Meeting.

I look forward to maintaining a dialog on issues such as use of cash flow and corporate governance, such as poison pills.

With best wishes for your continued success, I am

Sincerely,

Mario J. Gabelli

MJG:dm



 
15