UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
(Amendment No. 3)
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)
January 31, 2007
----------------
(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
259,978
--------------------------------------------------------------
NUMBER OF 8) SHARED VOTING POWER
SHARES
BENEFICIALLY none
OWNED BY --------------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING
PERSON 259,978
WITH --------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
259,978
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.80%
--------------------------------------------------------------------------------
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
259,978
--------------------------------------------------------------
NUMBER OF 8) SHARED VOTING POWER
SHARES
BENEFICIALLY none
OWNED BY --------------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING
PERSON 259,978
WITH --------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
259,978
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.80%
--------------------------------------------------------------------------------
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
113,730
--------------------------------------------------------------
NUMBER OF 8) SHARED VOTING POWER
SHARES
BENEFICIALLY none
OWNED BY --------------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING
PERSON 113,730
WITH --------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
113,730
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.79%
--------------------------------------------------------------------------------
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
113,730
--------------------------------------------------------------
NUMBER OF 8) SHARED VOTING POWER
SHARES
BENEFICIALLY none
OWNED BY --------------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING
PERSON 113,730
WITH --------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
113,730
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.79%
--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------
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
250,836
--------------------------------------------------------------
NUMBER OF 8) SHARED VOTING POWER
SHARES
BENEFICIALLY none
OWNED BY --------------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING
PERSON 250,836
WITH --------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
250,836
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.74%
--------------------------------------------------------------------------------
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 Offshore Advisors II, LLC 20-8325785
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS 00
--------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Deleware
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
250,836
--------------------------------------------------------------
NUMBER OF 8) SHARED VOTING POWER
SHARES
BENEFICIALLY none
OWNED BY --------------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING
PERSON 250,836
WITH --------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
250,836
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.74%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IA, 00
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 871551107
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Benchmark Opportunitas Fund plc
--------------------------------------------------------------------------------
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
Ireland
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
11,500
--------------------------------------------------------------
NUMBER OF 8) SHARED VOTING POWER
SHARES
BENEFICIALLY none
OWNED BY --------------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING
PERSON 11,500
WITH --------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,500
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.08%
--------------------------------------------------------------------------------
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
Barington Offshore Advisors, LLC
20-4797640
--------------------------------------------------------------------------------
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
11,500
--------------------------------------------------------------
NUMBER OF 8) SHARED VOTING POWER
SHARES
BENEFICIALLY none
OWNED BY --------------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING
PERSON 11,500
WITH --------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,500
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.08%
--------------------------------------------------------------------------------
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
636,044
--------------------------------------------------------------
NUMBER OF 8) SHARED VOTING POWER
SHARES
BENEFICIALLY none
OWNED BY --------------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING
PERSON 636,044
WITH --------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
636,044
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.42%
--------------------------------------------------------------------------------
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
636,044
--------------------------------------------------------------
NUMBER OF 8) SHARED VOTING POWER
SHARES
BENEFICIALLY none
OWNED BY --------------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING
PERSON 636,044
WITH --------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
636,044
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.42%
--------------------------------------------------------------------------------
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 A. 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
636,044
--------------------------------------------------------------
NUMBER OF 8) SHARED VOTING POWER
SHARES
BENEFICIALLY none
OWNED BY --------------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING
PERSON 636,044
WITH --------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
636,044
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.42%
--------------------------------------------------------------------------------
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
68,632
--------------------------------------------------------------
NUMBER OF 8) SHARED VOTING POWER
SHARES
BENEFICIALLY none
OWNED BY --------------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING
PERSON 68,632
WITH --------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
68,632
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.48%
--------------------------------------------------------------------------------
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
341,839
--------------------------------------------------------------
NUMBER OF 8) SHARED VOTING POWER
SHARES
BENEFICIALLY none
OWNED BY --------------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING
PERSON 341,839
WITH --------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
341,839
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.37%
--------------------------------------------------------------------------------
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
410,471
--------------------------------------------------------------
NUMBER OF 8) SHARED VOTING POWER
SHARES
BENEFICIALLY none
OWNED BY --------------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING
PERSON 410,471
WITH --------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
410,471
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.85%
--------------------------------------------------------------------------------
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, L.L.C.
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
410,471
--------------------------------------------------------------
NUMBER OF 8) SHARED VOTING POWER
SHARES
BENEFICIALLY none
OWNED BY --------------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING
PERSON 410,471
WITH --------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
410,471
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.85%
--------------------------------------------------------------------------------
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., L.L.C.
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
410,471
--------------------------------------------------------------
NUMBER OF 8) SHARED VOTING POWER
SHARES
BENEFICIALLY none
OWNED BY --------------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING
PERSON 410,471
WITH --------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
410,471
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.85%
--------------------------------------------------------------------------------
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
410,471
--------------------------------------------------------------
NUMBER OF 8) SHARED VOTING POWER
SHARES
BENEFICIALLY none
OWNED BY --------------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING
PERSON 410,471
WITH --------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
410,471
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.85%
--------------------------------------------------------------------------------
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
none
--------------------------------------------------------------
NUMBER OF 8) SHARED VOTING POWER
SHARES
BENEFICIALLY 410,471
OWNED BY --------------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING
PERSON none
WITH --------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
410,471
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
410,471
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.85%
--------------------------------------------------------------------------------
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
none
--------------------------------------------------------------
NUMBER OF 8) SHARED VOTING POWER
SHARES
BENEFICIALLY 410,471
OWNED BY --------------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING
PERSON none
WITH --------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
410,471
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
410,471
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.85%
--------------------------------------------------------------------------------
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
none
--------------------------------------------------------------
NUMBER OF 8) SHARED VOTING POWER
SHARES
BENEFICIALLY 410,471
OWNED BY --------------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING
PERSON none
WITH --------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
410,471
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
410,471
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.85%
--------------------------------------------------------------------------------
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
1,900
--------------------------------------------------------------
NUMBER OF 8) SHARED VOTING POWER
SHARES
BENEFICIALLY none
OWNED BY --------------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING
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
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
1,900
--------------------------------------------------------------
NUMBER OF 8) SHARED VOTING POWER
SHARES
BENEFICIALLY none
OWNED BY --------------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING
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
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
1,900
--------------------------------------------------------------
NUMBER OF 8) SHARED VOTING POWER
SHARES
BENEFICIALLY none
OWNED BY --------------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING
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. 3 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 and that certain Amendment No. 2
filed on March 20, 2006 (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 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 Investments, L.P.,
Barington Companies Advisors, LLC, Barington Companies Offshore Fund, Ltd.,
Benchmark Opportunitas Fund plc, Barington Offshore Advisors, LLC, Barington
Capital Group, L.P., LNA Capital Corp., James A. Mitarotonda, Parche, LLC,
Starboard Value & Opportunity Fund, LLC, Admiral Advisors, LLC, Ramius Capital
Group, L.L.C., C4S & Co., L.L.C., 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").
As of February 2, 2007, the Reporting Entities are the beneficial owners
of, in the aggregate, 1,048,415 shares of Common Stock, representing
approximately 7.28% of the shares of Common Stock presently outstanding.
Barington Companies Equity Partners, L.P. is a Delaware limited
partnership. The principal business of Barington Companies Equity Partners, L.P.
is 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 Investments, L.P. is a Delaware limited partnership. The
principal business of Barington Investments, L.P. is 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.
Barington Companies Offshore Fund, Ltd. is an international business
company organized under the laws of the British Virgin Islands. The principal
business of Barington Companies Offshore Fund, Ltd. is acquiring, holding and
disposing of investments in various companies. The address of the principal
business and principal office of Barington Companies Offshore Fund, Ltd. is c/o
Bison Financial Services Limited, Bison Court, Road Town, Tortola, British
Virgin Islands. The executive officers and directors of Barington Companies
Offshore Fund, Ltd. and their principal occupations and business addresses are
set forth on Schedule I and incorporated by reference in this Item 2.
Benchmark Opportunitas Fund, plc is a public limited company incorporated
under the laws of Ireland as an investment company. The principal business of
Benchmark Opportunitas Fund plc is acquiring, holding and disposing of
investments in various companies. The address of the principal business and
principal office of Benchmark Opportunitas Fund, plc is Styne House, 2nd Floor,
Upper Hatch Street, Dublin 2, Ireland. The directors of Benchmark Opportunitas
Fund plc and their principal occupations and business addresses are set forth on
Schedule II 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. The principal business of Barington
Companies Investors, LLC is serving as 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 A. Mitarotonda is the Managing
Member of Barington Companies Investors, LLC.
The general partner of Barington Investments, L.P. is Barington Companies
Advisors, LLC. Barington Companies Advisors, LLC is a Delaware limited liability
company. The principal business of Barington Companies Advisors, LLC is serving
as the general partner of Barington Investments, L.P. 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. James A. Mitarotonda
is the Managing Member of Barington Companies Advisors, LLC.
The investment advisor of Barington Companies Offshore Fund, Ltd. is
Barington Offshore Advisors II, LLC. Barington Offshore Advisors II, LLC is a
Delaware limited liability company. The principal business of Barington Offshore
Advisors II, LLC is serving as the investment advisor of Barington Companies
Offshore Fund, Ltd. The address of the principal business and principal office
of Barington Offshore Advisors II, LLC is 888 Seventh Avenue, 17th Floor, New
York, New York 10019. James A. Mitarotonda is the Managing Member of Barington
Offshore Advisors II, LLC.
The investment advisor of Benchmark Opportunitas Fund plc is Barington
Offshore Advisors, LLC. Barington Offshore Advisors, LLC is a Delaware limited
liability company. The principal business of Barington Offshore Advisors, LLC is
serving as the investment advisor of Benchmark Opportunitas Fund plc. The
address of the principal business and principal office of Barington Offshore
Advisors, LLC is 888 Seventh Avenue, 17th Floor, New York, New York 10019. James
A. Mitarotonda is the Managing Member of Barington Offshore Advisors, LLC.
Barington Companies Investors, LLC, Barington Companies Advisors, LLC,
Barington Offshore Advisors II, LLC and Barington Offshore Advisors, LLC are
each majority-owned subsidiaries of Barington Capital Group, L.P. Barington
Capital Group, L.P. is a New York limited partnership. The principal business of
Barington Capital Group, L.P. is 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.
The general partner of Barington Capital Group, L.P. is LNA Capital Corp.
LNA Capital Corp. is a Delaware corporation. The principal business of LNA
Capital Corp. is serving as 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 A. Mitarotonda is the sole stockholder and director of LNA
Capital Corp. The executive officers of LNA Capital Corp. and their principal
occupations and business addresses are set forth on Schedule III and
incorporated by reference in this Item 2. The principal occupation of Mr.
Mitarotonda is serving as the Chairman and Chief Executive Officer of Barington
Capital Group, L.P. The business address of Mr. Mitarotonda is c/o Barington
Capital Group, L.P., 888 Seventh Avenue, 17th Floor, New York, New York 10019.
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, L.L.C.
Ramius Capital Group, L.L.C. 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, L.L.C. is 666 Third Avenue, 26th Floor, New
York, New York 10017. The Managing Member of Ramius Capital Group, L.L.C. is C4S
& Co., L.L.C., a Delaware limited liability company formed to be the managing
member of Ramius Capital Group, L.L.C. The address of the principal business and
principal office of C4S & Co., L.L.C. 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., L.L.C. 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.
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.
(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., who is a citizen of the United Kingdom, Jonathan Clipper, a director of
Barington Companies Offshore Fund, Ltd., who is a citizen of Bermuda and the
United Kingdom, Jim Cleary, a director of Benchmark Opportunitas Fund plc, who
is a citizen of Ireland, Andreas Jeschko, a director of Benchmark Opportunitas
Fund plc, who is a citizen of Austria, Karen Kisling, a director of Benchmark
Opportunitas Fund plc, who is a citizen of Austria, and Carl O'Sullivan, a
director of Benchmark Opportunitas Fund plc, who is a citizen of Ireland.
Item 3. Source and Amount of Funds or Other Consideration.
Item 3 of the Statement is hereby amended and supplemented as follows:
Since the filing of the Statement, the Reporting Entities purchased an
aggregate of 63,200 shares of Common Stock. The amount of funds expended for
such purchases was approximately $889,711.60 by Barington Companies Offshore
Fund, Ltd. and $214,214.60 by Benchmark Opportunitas Fund, plc.
All such purchases and sales effectuated by a Reporting Entity since the
filing of the Statement are described in Schedule IV 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 February 2, 2007, Barington Companies Equity Partners, L.P.
beneficially owns an aggregate of 259,978 shares of Common Stock, representing
approximately 1.80% of the shares of Common Stock presently outstanding based
upon the 14,404,721 shares of Common Stock reported by the Company to be issued
and outstanding as of December 29, 2006 in its Form 10-Q filed with the
Securities and Exchange Commission on January 4, 2007 (the "Issued and
Outstanding Shares").
As of February 2, 2007, Barington Investments, L.P. beneficially owns
113,730 shares of Common Stock, constituting approximately 0.79% of the Issued
and Outstanding Shares. As of February 2, 2007, Barington Companies Offshore
Fund, Ltd. beneficially owns 250,836 shares of Common Stock, constituting
approximately 1.74% of the Issued and Outstanding Shares. As of February 2,
2007, Benchmark Opportunitas Fund plc beneficially owns 11,500 shares of Common
Stock, constituting approximately 0.08% of 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 259,978 shares of
Common Stock beneficially owned by Barington Companies Equity Partners, L.P.,
representing approximately 1.80% of the Issued and Outstanding Shares. As the
general partner of Barington Investments, L.P., Barington Companies Advisors,
LLC may be deemed to beneficially own the 113,730 shares of Common Stock
beneficially owned by Barington Investments, L.P., representing approximately
0.79% of the Issued and Outstanding Shares. As the investment advisor to
Barington Companies Offshore Fund, Ltd. Barington Offshore Advisors II, LLC may
be deemed to beneficially own the 250,836 shares of Common Stock beneficially
owned by Barington Companies Offshore Fund, Ltd. representing approximately
1.74% of the Issued and Outstanding Shares. As the investment advisor to
Benchmark Opportunitas Fund plc, Barington Offshore Advisors, LLC may be deemed
to beneficially own the 11,500 shares of Common Stock beneficially owned by
Benchmark Opportunitas Fund plc, representing approximately 0.08% of the Issued
and Outstanding Shares. As the majority member of Barington Companies Advisors,
LLC, Barington Companies Investors, LLC, Barington Offshore Advisors II, LLC and
Barington Offshore Advisors, LLC, Barington Capital Group, L.P. may be deemed to
beneficially own the 259,978 shares of Common Stock beneficially owned by
Barington Companies Equity Partners, L.P., the 113,730 shares of Common Stock
beneficially owned by Barington Investments, L.P., the 250,836 shares of Common
Stock beneficially owned by Barington Companies Offshore Fund, Ltd. and the
11,500 shares of Common Stock beneficially owned by Benchmark Opportunitas Fund
plc, representing an aggregate of 636,044 shares, constituting approximately
4.42% 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
259,978 shares of Common Stock beneficially owned by Barington Companies Equity
Partners, L.P., the 113,730 shares of Common Stock beneficially owned by
Barington Investments, L.P., the 250,836 shares of Common Stock beneficially
owned by Barington Companies Offshore Fund, Ltd. and the 11,500 shares of Common
Stock beneficially owned by Benchmark Opportunitas Fund plc, representing an
aggregate of 636,044 shares of Common Stock, constituting approximately 4.42% of
the Issued and Outstanding Shares. As the sole stockholder and director of LNA
Capital Corp., James A. Mitarotonda may be deemed to beneficially own the
259,978 shares of Common Stock beneficially owned by Barington Companies Equity
Partners, L.P., the 113,730 shares of Common Stock beneficially owned by
Barington Investments, L.P., the 250,836 shares of Common Stock beneficially
owned by Barington Companies Offshore Fund, Ltd. and the 11,500 shares of Common
Stock beneficially owned by Benchmark Opportunitas Fund plc, representing an
aggregate of 636,044 shares of Common Stock, constituting approximately 4.42% of
the Issued and Outstanding Shares. Mr. Mitarotonda has sole voting and
dispositive power with respect to the 259,978 shares of Common Stock
beneficially owned by Barington Companies Equity Partners, L.P., the 113,730
shares of Common Stock beneficially owned by Barington Investments, L.P., the
250,836 shares of Common Stock beneficially owned by Barington Companies
Offshore Fund, Ltd. and the 11,500 shares of Common Stock beneficially owned by
Benchmark Opportunitas Fund plc. Mr. Mitarotonda disclaims beneficial ownership
of any such shares except to the extent of his pecuniary interest therein.
As of February 2, 2007, 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), except that Messrs. Cohen, Stark, Solomon and Strauss have shared authority
to vote and dispose of the shares reported as beneficially owned by them.
Messrs. Cohen, Stark, Solomon and Strauss disclaim beneficial ownership of the
shares reported as beneficially owned by them.
Except as set forth above, each of the other Reporting Entities may be
deemed to have sole voting and dispositive power with respect to the shares each
reports as beneficially owned by such person, regardless of the fact that
multiple Reporting Entities within the same chain of ownership report sole
voting and dispositive power with respect to such shares. Each such Reporting
Entity reports sole voting and dispositive power with respect to such shares
based on such person's relationship to the other Reporting Entities within the
same chain of ownership. Except to the extent expressly stated herein, each
Reporting Entity disclaims beneficial ownership of any shares of Common Stock
beneficially owned by any other Reporting Entity.
Item 5(c) of the Statement is herby amended and supplemented as follows:
(c) No person identified in Item 2 hereof has effected any transaction in
shares of such Common Stock since the filing of the Statement, except to the
extent disclosed herein.
Item 7. Material to be Filed as Exhibits.
--------------------------------------------------------------------------------
99.4 Agreement of Joint Filing among Barington Companies Equity Partners,
L.P., Barington Companies Investors, LLC, Barington Investments, L.P.,
Barington Companies Advisors, LLC, Barington Companies Offshore Fund,
Ltd., Barington Offshore Advisors II, LLC, Benchmark Opportunitas Fund
plc, Barington Offshore Advisors, LLC, Barington Capital Group, L.P.,
LNA Capital Corp., James A. Mitarotonda, Parche, LLC, Starboard Value
& Opportunity Fund, LLC, Admiral Advisors, LLC, Ramius Capital Group,
L.L.C., C4S & Co., L.L.C., Peter A. Cohen, Morgan B. Stark, Jeffrey M.
Solomon, Thomas W. Strauss, RJG Capital Partners, L.P., RJG Capital
Management, LLC and Ronald Gross dated February 2, 2007 (which
supersedes and replaces the Agreement of Joint Filing dated March 17,
2006, as previously filed as Exhibit 99.3 to the Schedule 13D filed
with the SEC on March 20, 2006).
--------------------------------------------------------------------------------
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: February 2, 2007
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
BARINGTON INVESTMENTS, L.P.
By: Barington Companies Advisors, LLC,
its general partner
By: /s/ James A. Mitarotonda
------------------------------------
Name: James A. Mitarotonda
Title: Managing Member
BARINGTON COMPANIES ADVISORS, LLC
By: /s/ James A. Mitarotonda
------------------------------------
Name: James A. Mitarotonda
Title: Managing Member
BARINGTON COMPANIES OFFSHORE FUND, LTD.
By: /s/ James A. Mitarotonda
------------------------------------
Name: James A. Mitarotonda
Title: President
BARINGTON OFFSHORE ADVISORS II, LLC
By: /s/ James A. Mitarotonda
------------------------------------
Name: James A. Mitarotonda
Title: Authorized Signatory
BENCHMARK OPPORTUNITAS FUND PLC
By: Barington Offshore Advisors, LLC
By: /s/ James A. Mitarotonda
------------------------------------
Name: James A. Mitarotonda
Title: Authorized Signatory
BARINGTON OFFSHORE 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
/s/ James A. Mitarotonda
----------------------------------------
James A. Mitarotonda
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, L.L.C. its
sole member
RAMIUS CAPITAL GROUP, L.L.C.
By: C4S & Co., L.L.C., its Managing
Member
C4S & CO., L.L.C.
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
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.
Name and Position Principal Occupation Principal Business Address
----------------- -------------------- --------------------------
James A. Mitarotonda Chairman and Chief Executive 888 Seventh Avenue
Director and President Officer of Barington Capital 17th Floor
Group, L.P. New York, NY 10019
Sebastian E. Cassetta Senior Managing Director and 888 Seventh Avenue
Director Chief Operating Officer of 17th Floor
Barington Capital Group, L.P. New York, NY 10019
Jonathan Clipper Managing Director of 7 Reid Street, Suite 108
Director Bedford Management Ltd. 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
Citigroup 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
Directors of Benchmark Opportunitas Fund plc
Name and Position Principal Occupation Principal Business Address
----------------- -------------------- --------------------------
Sebastian Cassetta Senior Managing Director and Chief 888 Seventh Avenue
Director Operating Officer of Barington Capital 17th Floor
Group, L.P. New York, NY 10019
Jim Cleary Principal of Cleary Consulting Oriel, 25 Revington Park, North
Director Circular Road, Limerick, Ireland
Andreas Jeschko Chief Executive Officer of Benchmark 23 Regent House,
Director Advisory Limited and Benchmark Capital Bisazza Street, SLM15,
Management GmbH Sliema, Malta
Karin Kisling Chief Investment Officer of Benchmark 23 Regent House,
Director Advisory Limited Bisazza Street, SLM15,
Sliema, Malta
Carl O'Sullivan Partner, Arthur Cox Earlsfort Centre
Director Earlsfort Terrace
Dublin 2
Ireland
SCHEDULE III
Officers of LNA Capital Corp.
Name and Position Principal Occupation Principal Business Address
----------------- -------------------- --------------------------
James A. Mitarotonda Chairman and Chief Executive 888 Seventh Avenue
President and CEO Officer of Barington Capital 17th Floor
Group, L.P. New York, NY 10019
Sebastian E. Cassetta Senior Managing Director and Chief 888 Seventh Avenue
Secretary Operating Officer of 17th Floor
Barington Capital Group, L.P. New York, NY 10019
Melvyn Brunt Chief Financial Officer of 888 Seventh Avenue
Treasurer Barington Capital Group, L.P. 17th Floor
New York, NY 10019
SCHEDULE IV
This schedule sets forth information with respect to each purchase and
sale 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.
Shares sold by Barington Companies Equity Partners, L.P.
Number of
Date Shares Price Per Share Cost(*)
---- --------- --------------- ---------------
8/23/2006 (3,354) $ 19.7900 $ (66,375.66)
Shares purchased and sold by Barington Companies Offshore Fund, Ltd.
Number of
Date Shares Price Per Share Cost(*)
---- --------- --------------- ---------------
4/6/2006 3,700 $ 14.6500 $ 54,205.00
4/7/2006 2,500 $ 14.4280 $ 36,070.00
4/10/2006 6,100 $ 14.5950 $ 89,029.50
4/11/2006 8,600 $ 14.6460 $ 125,955.60
4/12/2006 2,600 $ 14.6230 $ 38,019.80
4/13/2006 6,100 $ 15.0360 $ 91,719.60
4/17/2006 5,100 $ 15.1890 $ 77,463.90
8/23/2006 (2,974) $ 19.7900 $ (58,855.46)
11/1/2006 16,300 $ 18.8650 $ 307,499.50
11/2/2006 3,700 $ 18.8510 $ 69,748.70
Shares sold by Barington Investments, L.P.
Number of
Date Shares Price Per Share Cost(*)
---- --------- --------------- ---------------
8/23/2006 (1,467) $ 19.7900 $ (29,031.93)
Shares purchased by Benchmark Opportunitas Fund plc
Number of
Date Shares Price Per Share Cost(*)
---- --------- --------------- ---------------
1/31/2007 4,300 $ 18.4940 $ 79,524.20
2/1/2007 4,200 $ 18.5570 $ 77,939.40
2/2/2007 3,000 $ 18.9170 $ 56,751.00
Shares sold by Parche, LLC
Number of
Date Shares Price Per Share Cost(*)
---- --------- --------------- ---------------
8/1/2006 (20,800) 18.4500 $ (383,760.00)
8/23/2006 (891) 19.7900 $ (17,632.89)
Shares sold by Starboard Value & Opportunity Fund, LLC
Number of
Date Shares Price Per Share Cost(*)
---- --------- --------------- ---------------
8/1/2006 (109,200) 18.4500 $(2,014,740.00)
8/23/2006 (4,414) 19.7900 $ (87,353.06)
----------
(*) Excludes commissions and other execution-related costs.