UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
(Amendment No. 1)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-
1(A) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
Syms Corp.
----------
(Name of Issuer)
Common Stock, par value $0.05 per share
---------------------------------------
(Title of Class of Securities)
871551107
---------
(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)
April 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. 871551107
-------------------
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 257,192
SHARES _____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 257,192
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
_______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
257,192
_______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
_______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.7%
_______________________________________________________________________________
14) TYPE OF REPORTING PERSON
PN
_______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 871551107
-------------------
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
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 257,192
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 257,192
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
_______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
257,192
_______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
_______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.7%
_______________________________________________________________________________
14) TYPE OF REPORTING PERSON
OO
_______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 871551107
-------------------
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 91,200
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 91,200
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
_______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
91,200
_______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
________________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.6%
________________________________________________________________________________
14) TYPE OF REPORTING PERSON
OO
________________________________________________________________________________
SCHEDULE 13D
CUSIP No. 871551107
-------------------
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
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 91,200
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 88,847
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 91,200
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
88,847
_______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
180,047
_______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
_______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.19%
_______________________________________________________________________________
14) TYPE OF REPORTING PERSON
IA, OO
_______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 871551107
-------------------
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
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
New York
_______________________________________________________________________________
7) SOLE VOTING POWER
NUMBER OF 348,392
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 88,847
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 348,392
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
88,847
_______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
437,239
_______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
_______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.9%
_______________________________________________________________________________
14) TYPE OF REPORTING PERSON
PN
_______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 871551107
-------------------
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
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 348,392
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 88,847
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 348,392
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
88,847
_______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
437,239
_______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
_______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.9%
_______________________________________________________________________________
14) TYPE OF REPORTING PERSON
CO
_______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 871551107
-------------------
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
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 348,392
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 88,847
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 348,392
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
88,847
_______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
437,239
_______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
_______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.9%
_______________________________________________________________________________
14) TYPE OF REPORTING PERSON
IN
_______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 871551107
-------------------
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 90,323
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 90,323
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
_______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
90,323
_______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
_______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.6%
_______________________________________________________________________________
14) TYPE OF REPORTING PERSON
OO
_______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 871551107
-------------------
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 455,453
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 455,453
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
_______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
455,453
_______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
_______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.0%
_______________________________________________________________________________
14) TYPE OF REPORTING PERSON
OO
_______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 871551107
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Admiral Advisors, LLC 37-1484525
______________________________________________________________________________
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 545,776
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 545,776
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
_______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
545,776
_______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
_______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.6%
_______________________________________________________________________________
14) TYPE OF REPORTING PERSON
OO
_______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 871551107
-------------------
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 545,776
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 545,776
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
_______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
545,776
_______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
_______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.6%
_______________________________________________________________________________
14) TYPE OF REPORTING PERSON
IA, OO
_______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 871551107
-------------------
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 545,776
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 545,776
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
_______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
545,776
_______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
_______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.6%
_______________________________________________________________________________
14) TYPE OF REPORTING PERSON
OO
_______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 871551107
-------------------
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 545,776
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON none
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
545,776
_______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
545,776
_______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
_______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.6%
_______________________________________________________________________________
14) TYPE OF REPORTING PERSON
IN
_______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 871551107
-------------------
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 545,776
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON none
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
545,776
_______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
545,776
_______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
_______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.6%
_______________________________________________________________________________
14) TYPE OF REPORTING PERSON
IN
_______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 871551107
-------------------
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 545,776
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON none
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
545,776
_______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
545,776
_______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
_______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.6%
_______________________________________________________________________________
14) TYPE OF REPORTING PERSON
IN
_______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 871551107
-------------------
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 545,776
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON none
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
545,776
_______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
545,776
_______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
_______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.6%
_______________________________________________________________________________
14) TYPE OF REPORTING PERSON
IN
_______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 871551107
-------------------
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 88,847
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON none
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
88,847
_______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
88,847
_______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
_______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.6%
_______________________________________________________________________________
14) TYPE OF REPORTING PERSON
PN, BD
_______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 871551107
-------------------
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 88,847
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON none
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
88,847
_______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
88,847
_______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
_______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.6%
_______________________________________________________________________________
14) TYPE OF REPORTING PERSON
OO
_______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 871551107
-------------------
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 88,847
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON none
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
88,847
_______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
88,847
_______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
_______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.6%
_______________________________________________________________________________
14) TYPE OF REPORTING PERSON
IN
_______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 871551107
-------------------
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 1,900
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 1,900
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
_______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,900
_______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
_______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.01%
_______________________________________________________________________________
14) TYPE OF REPORTING PERSON
PN
_______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 871551107
-------------------
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 1,900
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 1,900
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
_______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,900
_______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
_______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.01%
_______________________________________________________________________________
14) TYPE OF REPORTING PERSON
OO
_______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 871551107
-------------------
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 1,900
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 1,900
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
_______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,900
_______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
_______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.01%
_______________________________________________________________________________
14) TYPE OF REPORTING PERSON
IN
_______________________________________________________________________________
This Amendment No. 1 amends and restates, except as set forth herein, the
Schedule 13D filed with the Securities and Exchange Commission on July 6, 2004
(the "Statement"), by and on behalf of Barington Companies Equity Partners, L.P.
and others with respect to the common stock, par value $0.05 per share, of Syms
Corp., a New Jersey corporation.
Item 1. Security and Issuer.
This Statement relates to the common stock, par value $0.05 per share (the
"Common Stock"), of Syms Corp., a New Jersey corporation (the "Company"). The
principal executive offices of the Company are located at Syms Way, Secaucus,
New Jersey 07094.
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 Amendment No. 1, the Reporting Entities are the
beneficial owners of, in the aggregate, 984,915 shares of Common Stock,
representing approximately 6.5% 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.
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.
Item 3. Source and Amount of Funds or Other Consideration.
The information contained in Item 3 of the Statement is hereby amended and
supplemented by adding the following:
Since the filing of the Statement, the Reporting Entities purchased an
aggregate of 168,800 shares of Common Stock. The amount of funds expended for
such purchases was approximately $487,717.53 by Barington Companies Equity
Partners, L.P., $476,595.65 by Barington Companies Offshore Fund Ltd. (BVI),
$3,630.11 by Parche, LLC, $19,058.09 by Starboard Value & Opportunity Fund, LLC,
$1,162,350.59 on behalf of Millenco, L.P. and $22,705 by RJG Capital Partners,
L.P.
Except as described below, all purchases of Common Stock by the Reporting
Entities were made in open market transactions. All such purchases effectuated
by a Reporting Entity during the past 60 days are described in Schedule III
attached hereto. 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.
Certain shares reported in the Statement as owned by Parche, LLC and
Starboard Value & Opportunity Fund, 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 each of Starboard Value &
Opportunity Fund, LLC and Parche, LLC. Parche, LLC acquired from such
transferors an aggregate of 86,851 shares of Common Stock on June 30, 2004 at a
per share price of $9.26, equal to the last reported sales price on the New York
Stock Exchange on the date the transaction was completed, or an aggregate of
$804,240. The total of 86,851 shares transferred to Parche, LLC were initially
acquired by the transferors for an aggregate of $712,438.56 (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: 5/7/04 purchased 533 shares at a price per
share of $7.70; 6/15/04 purchased 64 shares at a price per share of $7.94;
6/22/04 purchased 54,732 shares at a price per share of $8.30; 6/25/04 purchased
1,749 shares at a price per share of $8.91; 6/28/04 purchased 1,685 shares at a
price per share of $9.06; 6/29/04 purchased 736 shares at a price per share of
$8.99; 6/30/04 purchased 7,941 shares at a price per share of $8.00; 6/30/04
sold 86,851 shares at a price per share of $9.26. Starboard Value & Opportunity
Fund, LLC acquired from such transferors an aggregate of 49,600 shares of Common
Stock on March 1, 2004 at a per share price of $7.92, equal to the last reported
sales price on the New York Stock Exchange on the date the transaction was
completed, or an aggregate of $392,832. The total of 49,600 shares transferred
to Starboard Value & Opportunity Fund, LLC were initially acquired by the
transferors for an aggregate of $388,298.68 (excluding commissions and other
execution related costs). Such transferors did not effect any transactions in
the Common Stock within 60 days prior to the filing of the Statement. 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 Persons consider their equity position to be for investment
purposes only. Each of the Reporting Entities may acquire additional shares or
other securities of the Company or sell or otherwise dispose of any or all of
the shares or other securities of the Company beneficially owned by it. 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.
Item 5. Interest in Securities of the Issuer.
The information contained in Item 5 of the Statement is hereby amended and
supplemented by adding the following:
(a) As of the date of this Amendment No. 1, Barington Companies Equity
Partners, L.P. beneficially owns an aggregate of 257,192 shares of Common Stock,
representing approximately 1.7% of the shares of Common Stock presently
outstanding based upon based upon the 15,151,003 shares of Common Stock reported
by the Company to be issued and outstanding as of December 30, 2004 in its Form
10-Q filed with the Securities and Exchange Commission on January 6, 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 257,192
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 257,192 shares of Common Stock owned by
Barington Companies Equity Partners, L.P., constituting approximately 1.7% of
the Issued and Outstanding Shares.
As of the date of this Amendment No. 1, Barington Companies Offshore Fund,
Ltd. (BVI) beneficially owns 91,200 shares of Common Stock, constituting
approximately 0.60% of the Issued and Outstanding Shares. As of the date of this
Amendment No. 1, Barington Companies Advisors, LLC beneficially owns 88,847
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 91,200 shares of Common Stock owned by Barington Companies
Offshore Fund, Ltd. (BVI), representing an aggregate of 180,047 shares,
constituting approximately 1.19% 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 88,847 shares of Common Stock
beneficially owned by Barington Companies Advisors, LLC and the 91,200 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 257,192 shares of Common Stock
owned by Barington Companies Equity Partners, L.P., representing an aggregate of
437,239 shares, constituting approximately 2.9% 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 257,192 shares owned by Barington
Companies Equity Partners, L.P., the 88,847 shares of Common Stock beneficially
owned by Barington Companies Advisors, LLC and the 91,200 shares owned by
Barington Companies Offshore Fund, Ltd. (BVI), representing an aggregate of
437,239 shares, constituting approximately 2.9% 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 257,192 shares owned by
Barington Companies Equity Partners, L.P., the 88,847 shares of Common Stock
beneficially owned by Barington Companies Advisors, LLC and the 91,200 shares
owned by Barington Companies Offshore Fund, Ltd. (BVI), representing an
aggregate of 437,239 shares, constituting approximately 2.9% of the Issued and
Outstanding Shares.
Mr. Mitarotonda has sole voting and dispositive power with respect to the
257,192 shares owned by Barington Companies Equity Partners, L.P. and the 91,200
shares owned by Barington Companies Offshore Fund, Ltd. (BVI) and shared voting
and dispositive power with respect to the 88,847 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 of this Amendment No. 1, each of Parche, LLC and Starboard
Value & Opportunity Fund, LLC beneficially own 90,323 and 455,453 shares of
Common Stock, respectively, constituting approximately 0.6% and 3.0%,
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 90,323 shares and the
455,453 shares, respectively, of Common Stock owned by Parche, LLC and Starboard
Value & Opportunity Fund, LLC, representing an aggregate of 545,776 shares,
constituting approximately 3.6% 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 90,323 shares and the 455,453 shares, respectively, of
Common Stock owned by Parche, LLC and Starboard Value & Opportunity Fund, LLC,
representing an aggregate of 545,776 shares, constituting approximately 3.6% 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 90,323 shares
and the 455,453 shares, respectively, of Common Stock owned by Parche, LLC and
Starboard Value & Opportunity Fund, LLC, representing an aggregate of 545,776
shares, constituting approximately 3.6% 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
90,323 shares and the 455,453 shares, respectively, of Common Stock owned by
Parche, LLC and Starboard Value & Opportunity Fund, LLC, representing an
aggregate of 545,776 shares, constituting approximately 3.6% of the Issued and
Outstanding Shares. Each of Messrs. Cohen, Stark, Solomon and Strauss share
voting and dispositive power with respect to the 90,323 shares and the 455,453
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 of this Amendment No. 1, Millenco, L.P. may be deemed to
beneficially own an aggregate of 88,847 shares of Common Stock, representing
approximately 0.6% 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 88,847 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 88,847 shares of
Common Stock which may be deemed to be beneficially owned by Millenco, L.P.,
constituting approximately 0.6% 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 of this Amendment No. 1, RJG Capital Partners, L.P.
beneficially owns 1,900 shares of Common Stock, constituting approximately 0.01%
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 1,900 shares owned by RJG Capital Partners,
L.P., constituting approximately 0.01% 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 1,900 shares owned by RJG Capital Partners, L.P., constituting
approximately 0.01% of the Issued and Outstanding Shares. Mr. Gross has sole
voting and dispositive power with respect to the 1,900 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), with the exception of Messrs. Cohen, Stark, Solomon and Strauss, who 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. With the exception of Messrs. Cohen, Stark, Solomon
and Strauss, 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 of this
Amendment No. 1, 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, Barington Companies Advisors, LLC
manages an investment account on behalf of Millenco, L.P. The 88,847 shares of
Common Stock purchased in that managed account on behalf of Millenco, L.P. have
been reported in this Amendment No. 1 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.
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 April 27, 2005.(1)
99.2 Power of attorney for Peter A. Cohen, Morgan B. Stark, Thomas W.
Strauss and Jeffrey M. Solomon dated March 11, 2005.
-----------------------
(1) The Agreement of Joint Filing that was previously filed has been
superseded and replaced by the attached Agreement of Joint Filing, which
is in full force and effect.
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: April 28, 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: President
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, as Attorney-in-Fact for
Peter A. Cohen
/s/ Jeffrey M. Solomon
---------------------------------------
Jeffrey M. Solomon, as Attorney-in-Fact for
Morgan B. Stark
/s/ Jeffrey M. Solomon
---------------------------------------
Jeffrey M. Solomon
/s/ Jeffrey M. Solomon
---------------------------------------
Jeffrey M. Solomon, as Attorney-in-Fact for
Thomas W. Strauss
MILLENCO, L.P.
By: Millennium Management, L.L.C., its general
partner
By: /s/ Terry Feeney
------------------------------------
Name: Terry Feeney
Title: Chief Operating Officer
MILLENNIUM MANAGEMENT, L.L.C.
By: /s/ Terry Feeney
-------------------------------------
Name: Terry Feeney
Title: Chief Operating Officer
/s/ Israel A. Englander
----------------------------------------
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 Blunt Chief Financial Officer of 888 Seventh Avenue
Treasurer Barington Capital Group, L.P. 17th Floor
New York, NY 10019
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)
---- --------- --------------- -----------
4/4/05 2,480 $13.047 $32,356.56
4/5/05 280 $13.050 $3,654
4/12/05 415 $13.600 $5,644
4/15/05 5,100 $13.538 $69,043.80
4/18/05 1,850 $13.469 $24,917.65
4/19/05 25 $13.470 $336.75
----------
(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)
---- --------- --------------- -----------
4/4/05 620 $13.047 $8,089.14
4/5/05 70 $13.050 $913.50
4/12/05 138 $13.600 $1,876.80
4/15/05 5,100 $13.538 $69,043.80
4/18/05 1,850 $13.469 $24,917.65
4/19/05 25 $13.470 $336.75
4/21/05 3,775 $13.181 $49,758.28
4/22/05 15,000 $13.263 $198,945.00
4/26/05 3,800 $12.080 $45,904.00
4/27/05 1,125 $11.911 $13,399.99
----------
(2) Excludes commissions and other execution-related costs.
Shares purchased on behalf of Millenco, L.P.
Number of
Date Shares Price Per Share Cost(3)
---- --------- --------------- -----------
4/4/05 3,100 $13.047 $40,445.70
4/5/05 350 $13.050 $4,567.50
4/12/05 347 $13.600 $4,719.20
4/15/05 10,200 $13.538 $138,087.60
4/18/05 3,700 $13.469 $49,835.30
4/19/05 50 $13.470 $673.50
4/21/05 11,325 $13.181 $149,274.83
4/22/05 45,000 $13.263 $596,835.00
4/26/05 11,400 $12.080 $137,712.00
4/27/05 3,375 $11.911 $40,199.96
----------
(3) 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(4)
---- --------- --------------- -----------
4/27/05 1,900 $11.95 $22,705
----------
(4) Excludes commissions and other execution-related costs.