UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
(Amendment No. 2)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-
1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
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)
March 16, 2006
--------------
(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 263,332
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 263,332
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
263,332
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.76%
______________________________________________________________________________
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 263,332
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 263,332
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
263,332
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.76%
______________________________________________________________________________
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 199,110
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 199,110
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
199,110
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.33%
______________________________________________________________________________
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 Investments, L.P. 20-2871525
_____________________________________________________________________________
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 115,197
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 115,197
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
115,197
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.77%
______________________________________________________________________________
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 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 314,307
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 314,307
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
314,307
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.10%
______________________________________________________________________________
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 577,639
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 577,639
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
577,639
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.87%
______________________________________________________________________________
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 577,639
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 577,639
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
577,639
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.87%
______________________________________________________________________________
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 577,639
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 577,639
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
577,639
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.87%
______________________________________________________________________________
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)
0.60%
______________________________________________________________________________
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)
3.05%
______________________________________________________________________________
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)
3.65%
______________________________________________________________________________
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
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)
3.65%
______________________________________________________________________________
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)
3.65%
______________________________________________________________________________
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)
3.65%
______________________________________________________________________________
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)
3.65%
______________________________________________________________________________
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)
3.65%
______________________________________________________________________________
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)
3.65%
______________________________________________________________________________
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) |_|
(b) [x]
______________________________________________________________________________
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) [x]
______________________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
______________________________________________________________________________
7) SOLE VOTING POWER
NUMBER OF none
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON none
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
none
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
______________________________________________________________________________
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) |_|
(b) [x]
______________________________________________________________________________
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) [x]
______________________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
______________________________________________________________________________
7) SOLE VOTING POWER
NUMBER OF none
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON none
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
none
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
______________________________________________________________________________
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
Israel A. Englander
_____________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) [x]
______________________________________________________________________________
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) [x]
______________________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
______________________________________________________________________________
7) SOLE VOTING POWER
NUMBER OF none
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON none
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
none
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
______________________________________________________________________________
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. 2 amends and supplements the Schedule 13D filed with
the Securities and Exchange Commission on July 6, 2004, as amended by that
certain Amendment No. 1 filed on April 29, 2005 (together, 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 (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.
Item 2(a)-(c) of the Statement is hereby amended and restated as follows:
(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 Investments, L.P., 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, RJG Capital Partners, L.P., RJG Capital
Management, LLC and Ronald Gross (each, a "Reporting Entity" and, collectively,
the "Reporting Entities"). This Statement is also being filed by Millenco, L.P.,
Millennium Management, L.L.C. and Israel A. Englander.
As a result of the transaction described in Item 3 below, Millenco, L.P.,
Millennium Management, L.L.C. and Israel A. Englander are no longer beneficial
owners of Common Stock of the Company and will no longer be a party to any
further Schedule 13D filings by the Reporting Entities.
As of the date of this Amendment No. 2, the Reporting Entities are the
beneficial owners of, in the aggregate, 1,125,315 shares of Common Stock,
representing approximately 7.54% 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 business and
principal office 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 business and principal office 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.
Barington Investments, 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 business and principal office of
Barington Investments, L.P. is 888 Seventh Avenue, 17th Floor, New York, New
York 10019. The general partner of Barington Investments, L.P. is Barington
Companies Advisors, LLC.
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 business and
principal office 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 office 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
business and principal office 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 office 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 business and principal office 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 business and principal office 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 business and principal
office 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 business and principal
office 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.
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 business and principal office 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 business and principal office 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.
Item 2(e) of the Statement is hereby amended and supplemented as follows:
(e) As a result of the transaction described in Item 3 below, Millenco,
L.P., Millennium Management, L.L.C. and Israel A. Englander are no longer
beneficial owners of Common Stock of the Company and will no longer be parties
to any further Schedule 13D filings by the Reporting Entities. However, on
December 1, 2005, Millennium Management L.L.C. and Mr. Englander, together with
Millennium Partners, L.P. and certain related persons and entities, entered into
settlements with the Securities and Exchange Commission ("SEC") and the Attorney
General of the State of New York (the "NYAG") relating to allegations that
Millennium Partners, L.P. had engaged in a pattern of deceptive "market timing"
of mutual fund shares in years prior to 2004 and, in the case of the settlement
with the NYAG only, had failed to take adequate steps to prevent a trader from
engaging in mutual fund "late trading" in violation of firm policy. The parties
neither admitted nor denied the allegations or findings (except as to
jurisdiction) but consented to the entry of findings. The SEC proceedings are In
the Matter of Millennium Partners, L.P., et al. Securities Act Release No. 8639
(December 1, 2005), available at www.sec.gov. Contemporaneously, the NYAG issued
an Assurance of Discontinuance relating to the claims and findings of that
office. None of such Reporting Persons nor any other party admitted or denied
any of the allegations or findings in these matters. The remedies included
disgorgement by the entities of approximately $148 million of mutual fund
trading profits, civil penalties aggregating approximately $32.15 million (with
approximately $30 million being paid by Mr. Englander), an administrative order
to cease and desist from violations of the antifraud provisions of the
Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as
amended, and prophylactic relief.
Item 2(f) of the Statement is hereby amended and restated as follows:
(f) Each natural person identified in Item 2 is a citizen of the United
States, other than Graham Cook, a director of Barington Companies Offshore Fund,
Ltd. (BVI), who is a citizen of the United Kingdom.
Item 3. Source and Amount of Funds or Other Consideration.
The information contained in Item 3 of the Statement is hereby amended and
supplemented by adding the following:
On March 16, 2006, Millenco, L.P. sold an aggregate of 115,197 shares of
Common Stock to Barington Investments, L.P. at a price of $15.43 per share. The
amount of funds expended by Barington Investments, L.P. for such purchase was
approximately $1,777,489.71. The purchase of Common Stock described above was
effected at the market price of the Company's Common Stock on the Nasdaq
National Market.
In addition to the transaction described above, since the filing of the
Statement, the Reporting Entities purchased in open market transactions an
aggregate of 140,400 shares of Common Stock. The amount of funds expended for
such purchases was approximately $80,882.68 by Barington Companies Equity
Partners, L.P., $1,599,499.31 by Barington Companies Offshore Fund Ltd. (BVI)
and $384,544.71 on behalf of Millenco, L.P.
All such purchases effectuated by a Reporting Entity since the filing of
the Statement 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.
Item 5. Interest in Securities of the Issuer.
Items 5(a) and (b) of the Statement are hereby amended and restated as
follows:
(a) As of the date of this Amendment No. 2, Barington Companies Equity
Partners, L.P. beneficially owns an aggregate of 263,332 shares of Common Stock,
representing approximately 1.76% of the shares of Common Stock presently
outstanding based upon the 14,933,587 shares of Common Stock reported by the
Company to be issued and outstanding as of December 30, 2005 in its Form 10-Q
filed with the Securities and Exchange Commission on January 5, 2006 (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 263,332 shares of Common Stock owned by Barington Companies
Equity Partners, L.P.
As of the date of this Amendment No. 2, Barington Companies Offshore Fund,
Ltd. (BVI) beneficially owns 199,110 shares of Common Stock, constituting
approximately 1.33% of the Issued and Outstanding Shares. As of the date of this
Amendment No. 2, Barington Investments, L.P. beneficially owns 115,197 shares of
Common Stock, constituting approximately 0.77% of the Issued and Outstanding
Shares. As the investment advisor to
Barington Companies Offshore Fund, Ltd. (BVI) and the general partner of
Barington Investments, L.P., Barington Companies Advisors, LLC may be deemed to
beneficially own the 199,110 shares of Common Stock owned by Barington Companies
Offshore Fund, Ltd. (BVI) and the 115,197 shares of Common Stock owned by
Barington Investments, L.P., representing an aggregate of 314,307 shares,
constituting approximately 2.10% 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 115,197 shares of Common Stock
beneficially owned by Barington Investments, L.P. and the 199,110 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 263,332 shares of Common Stock
owned by Barington Companies Equity Partners, L.P., representing an aggregate of
577,639 shares, constituting approximately 3.87% 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 263,332 shares owned by Barington
Companies Equity Partners, L.P., the 115,197 shares of Common Stock beneficially
owned by Barington Investments, L.P. and the 199,110 shares owned by Barington
Companies Offshore Fund, Ltd. (BVI), representing an aggregate of 577,639
shares, constituting approximately 3.87% 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 263,332 shares owned by Barington Companies
Equity Partners, L.P., the 115,197 shares of Common Stock beneficially owned by
Barington Investments, L.P. and the 199,110 shares owned by Barington Companies
Offshore Fund, Ltd. (BVI), representing an aggregate of 577,639 shares,
constituting approximately 3.87% of the Issued and Outstanding Shares. Mr.
Mitarotonda has sole voting and dispositive power with respect to the 263,332
shares owned by Barington Companies Equity Partners, L.P., the 115,197 shares of
Common Stock beneficially owned by Barington Investments, L.P. and the 199,110
shares owned by Barington Companies Offshore Fund, Ltd. (BVI). 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. 2, each of Parche, LLC and Starboard
Value & Opportunity Fund, LLC beneficially own 90,323 and 455,453 shares,
respectively, of Common Stock, constituting approximately 0.60% and 3.05%,
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 3.65% 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 3.65% 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 3.65% 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 3.65% 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 and Strauss
disclaim beneficial ownership of such shares.
As of the date of this Amendment No. 2, 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.
Item 6. Contracts, Arrangements, Understanding or Relationships With Respect
to Securities of the Issuer.
Item 6 of the Statement is hereby amended and supplemented as follows:
Barington Companies Advisors, LLC is compensated for its services as the
general partner of Barington Investments, L.P. by an affiliate of Millennium
Partners, L.P., the limited partner, pursuant to a separate agreement.
Item 7. Material to be Filed as Exhibits.
99.3 Agreement of Joint Filing among Barington Companies Equity Partners, L.P.,
Barington Companies Investors, LLC, Barington Companies Offshore Fund,
Ltd., Barington Investments, L.P., 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 dated March 17, 2006. (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: March 17, 2006
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 INVESTMENTS, L.P.
By: Barington Companies Advisors, LLC, its general
partner
By: /s/ James A. Mitarotonda
----------------------------------------------
Name: James A. Mitarotonda
Title: Authorized Signatory
BARINGTON COMPANIES ADVISORS, LLC
By: /s/ James A. Mitarotonda
--------------------------------------------
Name: James A. Mitarotonda
Title: Authorized Signatory
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
STARBOARD VALUE & OPPORTUNITY FUND, LLC
By: Admiral Advisors, LLC, its managing member
ADMIRAL ADVISORS, LLC
By: Ramius Capital Group, LLC its sole member
RAMIUS CAPITAL GROUP, LLC
By: C4S & Co., LLC, its Managing Member
C4S & CO., LLC
By: /s/ Jeffrey M. Solomon
--------------------------------------------
Name: Jeffrey M. Solomon
Title: Authorized Signatory
/s/ Jeffrey M. Solomon
--------------------------------------------------
Jeffrey M. Solomon, individually and as
attorney-in-fact for Peter A. Cohen, Morgan B.
Stark, and Thomas W. Strauss
MILLENCO, L.P.
By: Millennium Management, L.L.C., its general
partner
By: /s/ 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
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, Fund Administration Washington Mall 1, 3rd
Ltd. Flr.
Secretary Church Street22
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 888 Seventh Avenue
Secretary and Chief Operating 17th Floor
Officer of Barington New York, NY 10019
Capital Group, L.P.
Melvyn Brunt Chief Financial Officer of 888 Seventh Avenue
Treasurer Barington Capital Group, 17th Floor
L.P. 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 since the filing of the
Statement. All transactions were effectuated in the open market through a broker
except to the extent set forth in Item 3 above.
Shares purchased by Barington Companies Equity Partners, L.P.
Number of
Date Shares Price Per Share Cost(*)
---- --------- --------------- ------------
4/29/2005 20 $11.800 $236.00
10/11/2005 3,640 $13.165 $47,920.60
10/12/2005 2,480 $13.196 $32,726.08
Shares purchased by Barington Companies Offshore Fund, Ltd. (BVI)
Number of
Date Shares Price Per Share Cost(*)
---- ---------- --------------- -------------
4/29/2005 20 $11.800 $236.00
10/11/2005 2,730 $13.165 $35,940.45
10/12/2005 1,860 $13.196 $24,544.56
3/14/2006 3,300 $14.751 $48,678.30
3/15/2006 100,000 $14.901 $1,490,100.00
Shares purchased (sold) on behalf of Millenco, L.P.
Number of
Date Shares Price Per Share Cost(*)
---- ---------- --------------- -----------
4/29/2005 60 $11.800 $708.00
10/11/2005 2,730 $13.165 $35,940.45
10/12/2005 1,860 $13.196 $24,544.56
3/15/2006 21,700 $14.901 $323,351.70
3/16/2006 (115,197) $15.430 $(1,777,489.71)
Shares purchased by Barington Investments, L.P.
Number of
Date Shares Price Per Share Cost(*)
---- --------- --------------- -----------
3/16/2006 115,197 $15.430 $1,777,489.71
----------
(*) Excludes commissions and other execution-related costs.