UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
(Amendment No. 23)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a)
AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
L Q Corporation, Inc.
(Name of Issuer)
Common Stock, par value $0.001 per share
(Title of Class of Securities)
50213T104
(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 5, 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. 50213T104
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 67,438
SHARES -------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH -------------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 67,438
WITH -------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
-------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
67,438
-------------------------------------------------------------------------------
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
PN
-------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 50213T104
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 67,438
SHARES -------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ----------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 67,438
WITH ----------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
-------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
67,438
-------------------------------------------------------------------------------
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
OO
-------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 50213T104
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
NUMBER OF 71,000
SHARES ----------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ----------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 71,000
WITH ----------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
-------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
71,000
-------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
-------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.21%
-------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
CO
-------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 50213T104
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
NUMBER OF 71,000
SHARES ----------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ----------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 71,000
WITH ----------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
-------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
71,000
-------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
-------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.21%
-------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IA, OO
-------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 50213T104
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 WC
-------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e) |_|
-------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
New York
-------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 230,936
SHARES ----------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ----------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 230,936
WITH ----------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
-------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
230,936
-------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
-------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.18%
-------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
PN
-------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 50213T104
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 230,936
SHARES ----------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ----------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 230,936
WITH ----------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
-------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
230,936
-------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
-------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.18%
-------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
CO
-------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 50213T104
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 391,136
SHARES ----------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ----------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 391,136
WITH ----------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
-------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
391,136
-------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
-------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.17%
-------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
-------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 50213T104
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 103,766
SHARES ----------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ----------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 103,766
WITH ----------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
-------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
103,766
-------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
-------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.23%
-------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
OO
-------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 50213T104
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 103,766
SHARES -------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ----------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 103,766
WITH ----------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
-------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
103,766
-------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
-------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.23%
-------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IA, OO
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 50213T104
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ramius Securities, L.L.C. 58-2253019
-------------------------------------------------------------------------------
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 34,511
SHARES ----------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ----------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 34,511
WITH ----------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
-------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
34,511
-------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
-------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.07%
-------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
BD, OO
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 50213T104
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
NUMBER OF 138,277
SHARES ----------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ----------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 138,277
WITH ----------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
-------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
138,277
-------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
-------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.30%
-------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IA, OO
-------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 50213T104
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
NUMBER OF 138,277
SHARES ----------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ----------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 138,277
WITH ----------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
-------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
138,277
-------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
-------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.30%
00000--------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
OO
-------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 50213T104
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 138,277
EACH ----------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON none
WITH ----------------------------------------------------
10) SHARED DISPOSITIVE POWER
138,277
-------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
138,277
-------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
-------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.30%
-------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
-------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 50213T104
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 138,277
EACH ----------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON none
WITH ----------------------------------------------------
10) SHARED DISPOSITIVE POWER
138,277
-------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
138,277
-------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
-------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.30%
-------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
-------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 50213T104
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 138,277
EACH ----------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON none
WITH ----------------------------------------------------
10) SHARED DISPOSITIVE POWER
138,277
-------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
138,277
-------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
-------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.30%
-------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
-------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 50213T104
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 138,277
EACH ----------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON none
WITH ----------------------------------------------------
10) SHARED DISPOSITIVE POWER
138,277
-------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
138,277
-------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
-------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.30%
-------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
-------------------------------------------------------------------------------
This Amendment No. 23 amends and supplements the Schedule 13D filed
with the Securities and Exchange Commission (the "SEC") on October 9, 2001 (as
amended, the "Statement"), by and on behalf of Barington Companies Equity
Partners, L.P. and others with respect to the common stock, par value $0.001 per
share (the "Common Stock"), of L Q Corporation, Inc., a Delaware corporation
(the "Company"). The principal executive offices of the Company are located at
888 Seventh Avenue, 17th Floor, New York, NY 10019.
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 Companies Offshore
Fund, Ltd., Barington Offshore Advisors, LLC, Barington Capital Group, L.P., LNA
Capital Corp., James Mitarotonda, Starboard Value & Opportunity Fund, LLC,
Admiral Advisors, LLC, Ramius Securities, L.L.C., Ramius Capital Group, L.L.C.,
C4S & Co., L.L.C., Peter A. Cohen, Morgan B. Stark, Jeffrey M. Solomon and
Thomas W. Strauss (each, a "Reporting Entity" and, collectively, the "Reporting
Entities").
As of January 10, 2007, the Reporting Entities are the beneficial
owners of, in the aggregate, 529,413 shares of Common Stock, representing
approximately 16.47% of the shares of Common Stock presently outstanding.
The Reporting Entities have previously reported together regarding
their respective interests in the Common Stock because they might have been
deemed to constitute a "group" with respect to such Common Stock for purposes of
Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"). On January 10, 2007, the Barington Entities (as defined below)
and the Ramius Entities (as defined below) decided to make decisions regarding
their respective investments in shares of Common Stock independently of each
other, and in particular will no longer act together for the purpose of
acquiring, holding or disposing of securities of the Company. The Reporting
Entities will therefore discontinue filing a joint Statement on Schedule 13D,
such that upon the filing of this Amendment No. 23, Starboard Value &
Opportunity Fund, LLC, Admiral Advisors, LLC, Ramius Securities, L.L.C., Ramius
Capital Group, L.L.C., C4S & Co., L.L.C., Peter A. Cohen, Morgan B. Stark,
Jeffrey M. Solomon and Thomas W. Strauss (collectively, the "Ramius Entities")
will no longer be included as Reporting Entities in future amendments to the
Statement filed by the remaining Reporting Entities (collectively, the
"Barington Entities"). As a result, the Barington Entities disclaim membership
in any "group" with the Ramius Entities, and the Ramius Entities disclaim
membership in any "group" with the Barington Entities, for purposes of Section
13(d)(3) of the Exchange Act or otherwise. The Ramius Entities beneficially own,
in the aggregate, fewer than 5% of the outstanding shares of Common Stock, and
therefore have no independent obligation to file a separate statement on
Schedule 13D with respect to the shares of Common Stock. To the extent, if any,
that any of the Ramius Entities become otherwise obligated to file a statement
on Schedule 13D with respect to securities of the Company, either alone or
together with third parties other than the Barington Entities, it is anticipated
that they would independently file any such separate statement.
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 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.
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 Mitarotonda is the Managing Member
of Barington Companies Investors, LLC.
The investment advisor of Barington Companies Offshore Fund, Ltd. 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 Barington Companies
Offshore Fund, Ltd. 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 Mitarotonda is the Managing Member of Barington Offshore
Advisors, LLC.
Barington Companies Investors, 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 Mitarotonda is the sole stockholder and director of LNA
Capital Corp. The executive officers of LNA and their principal occupations and
business addresses are set forth on Schedule II 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.
Starboard Value & Opportunity Fund, LLC is a Delaware limited liability
company. Starboard Value & Opportunity Fund, LLC has been 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 is 666 Third Avenue, 26th Floor, New York, New York 10017.
The Managing Member of Starboard Value & Opportunity Fund, LLC is
Admiral Advisors, LLC, a Delaware limited liability company formed to be the
managing member of Starboard Value & Opportunity Fund, 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.
Ramius Securities, L.L.C. is a Delaware limited liability company and a
registered broker-dealer. The address of the principal business and principal
office of Ramius Securities, L.L.C. is 666 Third Avenue, 26th Floor, New York,
New York 10017.
The sole member of Admiral Advisors, LLC and Ramius Securities, L.L.C.
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.
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, and Jonathan Clipper, a director
of Barington Companies Offshore Fund, Ltd., who is a citizen of Bermuda and the
United Kingdom.
Item 4. Purpose of Transaction.
----------------------
Item 4 of the Statement is hereby amended and supplemented as follows:
On January 5, 2007, the Company entered into an agreement and plan of
merger (the "Merger Agreement") with Dynabazaar, Inc., a Delaware corporation
("Dynabazaar"), and LQ Merger Corp., a Delaware corporation and a wholly-owned
subsidiary of Dynabazaar ("LMC"). The Merger Agreement provides that, upon the
terms and subject to the conditions set forth in the Merger Agreement, LMC will
merge with and into the Company, with the Company continuing as the surviving
corporation and a wholly-owned subsidiary of Dynabazaar.
The transaction is subject to stockholder approval and the Company and
Dynabazaar have stated that a special meeting of stockholders of both companies
will be announced in the near future. Barington Capital Group, L.P.
("Barington") and certain of its affiliates collectively own approximately 7.2%
of the outstanding Common Stock of the Company. Pursuant to a separate letter
agreement dated January 5, 2007, Barington has agreed to vote, and to cause its
affiliates to vote, all of the shares of the Company's Common Stock now owned or
hereafter acquired by Barington and its affiliates in favor of the transaction,
in proportion to the votes of the other stockholders of the Company. A copy of
the letter agreement is attached as Exhibit 99.2 hereto and incorporated herein
by reference. The foregoing description of the letter agreement is qualified in
its entirety by reference to such exhibit.
Item 5. Interest in Securities of the Issuer.
Items 5(a) and 5(b) of the Statement are hereby amended and restated as
follows:
(a) As of January 10, 2007, Barington Companies Equity Partners,
L.P. beneficially owns an aggregate of 67,438 shares of Common Stock,
representing approximately 2.10% of the shares of Common Stock presently
outstanding based upon the 3,214,408 shares of Common Stock reported by the
Company to be issued and outstanding as of November 10, 2006 in its Form 10-Q
filed with the Securities and Exchange Commission on November 14, 2006 (the
"Issued and Outstanding Shares").
As of January 10, 2007, Barington Companies Offshore Fund, Ltd.
beneficially owns 71,000 shares of Common Stock, constituting approximately
2.21% 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 67,438 shares of Common Stock beneficially owned
by Barington Companies Equity Partners, L.P., constituting approximately 2.10%
of the Issued and Outstanding Shares. As the investment advisor to Barington
Companies Offshore Fund, Ltd., Barington Offshore Advisors, LLC may be deemed to
beneficially own the 71,000 shares of Common Stock beneficially owned by
Barington Companies Offshore Fund, Ltd., constituting approximately 2.21% of the
Issued and Outstanding Shares. As of January 10, 2007, Barington Capital Group,
L.P. beneficially owns an aggregate of 92,498 shares of Common Stock. As the
majority member of Barington Companies Investors, LLC, Barington Capital Group,
L.P. may also be deemed to beneficially own the 67,438 shares of Common Stock
beneficially owned by Barington Companies Equity Partners, L.P. As the majority
member of Barington Offshore Advisors, LLC, Barington Capital Group, L.P. may
also be deemed to beneficially own the 71,000 shares of Common Stock
beneficially owned by Barington Companies Offshore Fund, Ltd., representing an
aggregate of 230,936 shares, constituting approximately 7.18% 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 67,438 shares of Common
Stock beneficially owned by Barington Companies Equity Partners, L.P. the 71,000
shares of Common Stock beneficially owned by Barington Companies Offshore Fund,
Ltd. and the 92,498 shares of Common Stock beneficially owned by Barington
Capital Group, L.P., representing an aggregate of 230,936 shares of Common
Stock, constituting approximately 7.18% 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 92,498 shares of Common Stock beneficially
owned by Barington Capital Group, L.P., the 67,438 shares of Common Stock
beneficially owned by Barington Companies Equity Partners, L.P. and the 71,000
shares of Common Stock beneficially owned by Barington Companies Offshore Fund,
Ltd. Mr. Mitarotonda disclaims beneficial ownership of any such shares except to
the extent of his pecuniary interest therein. Mr. Mitarotonda also beneficially
owns stock options to purchase 160,200 shares of Common Stock of the Company
exercisable within 60 days. As a result, Mr. Mitarotonda may be deemed to
beneficially own an aggregate of 391,136 shares, constituting approximately
12.17% of the Issued and Outstanding Shares. Mr. Mitarotonda reports sole voting
and dispositive power with respect to the 160,200 shares subject to stock
options as well as the 92,498 shares owned by Barington Capital Group, L.P., the
67,438 shares owned by Barington Companies Equity Partners, L.P. and the 71,000
shares owned by Barington Companies Offshore Fund, Ltd. by virtue of his
authority to vote and dispose of such shares.
As of January 10, 2007, Starboard Value & Opportunity Fund, LLC
beneficially owns 103,766 shares of Common Stock constituting approximately
3.23% of the Issued and Outstanding Shares. As the managing member of Starboard
Value & Opportunity Fund, LLC, Admiral Advisors, LLC may be deemed to
beneficially own the 103,766 shares of Common Stock owned by Starboard Value &
Opportunity Fund, LLC, representing approximately 3.23% of the Issued and
Outstanding Shares. As of January 10, 2007, Ramius Securities, L.L.C.
beneficially owns 34,511 shares of Common Stock constituting approximately 1.07%
of the Issued and Outstanding Shares. As the sole member of Admiral Advisors,
LLC and Ramius Securities, L.L.C., Ramius Capital Group, L.L.C. may be deemed to
beneficially own the 103,766 shares and the 34,511 shares of Common Stock owned
by Starboard Value & Opportunity Fund, LLC and Ramius Securities, L.L.C.,
respectively, representing an aggregate of 138,277 shares, constituting
approximately 4.30% of the Issued and Outstanding Shares. As the Managing Member
of Ramius Capital Group, L.L.C., C4S & Co., L.L.C. may be deemed to beneficially
own the 103,766 shares and the 34,511 shares, respectively, of Common Stock
owned by Starboard Value & Opportunity Fund, LLC and Ramius Securities, L.L.C.,
representing an aggregate of 138,277 shares, constituting approximately 4.30% of
the Issued and Outstanding Shares. As the Managing Members of C4S & Co., L.L.C.,
each of Peter A. Cohen, Morgan B. Stark, Jeffrey M. Solomon and Thomas W.
Strauss may be deemed to beneficially own the 103,766 shares and the 34,511
shares of Common Stock owned by Starboard Value & Opportunity Fund, LLC and
Ramius Securities, L.L.C., respectively, representing an aggregate of 138,277
shares, constituting approximately 4.30% of the Issued and Outstanding Shares.
Each of Messrs. Cohen, Stark, Solomon and Strauss share voting and dispositive
power with respect to the 103,766 shares and the 34,511 shares owned by
Starboard Value & Opportunity Fund, LLC and Ramius Securities, L.L.C.,
respectively, 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.
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 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:
Pursuant to a separate letter agreement dated January 5, 2007,
Barington has agreed to vote, and to cause its affiliates to vote, all of the
shares of the Company's Common Stock now owned or hereafter acquired by
Barington and its affiliates in favor of the transaction described in Item 4
above, in proportion to the votes of the other stockholders of the Company. A
copy of the letter agreement is attached as Exhibit 99.2 hereto and incorporated
herein by reference. The foregoing description of the letter agreement is
qualified in its entirety by reference to such exhibit.
Item 7. Material to be Filed as Exhibits.
--------------------------------
The information contained in Item 7 of the Statement is hereby amended
and supplemented as follows:
Exhibit No. Exhibit Description
------------ -----------------------------------------------------------------
99.1 Agreement of Joint Filing among Barington Companies Equity
Partners, L.P., Barington Companies Investors, LLC, Barington
Companies Offshore Fund, Ltd., Barington Offshore Advisors,
LLC, Barington Capital Group, L.P., LNA Capital Corp., James
Mitarotonda, Starboard Value & Opportunity Fund, LLC, Admiral
Advisors, LLC, Ramius Securities, L.L.C., Ramius Capital Group,
L.L.C., C4S & Co., L.L.C., Peter A. Cohen, Morgan B. Stark,
Jeffrey M. Solomon and Thomas W. Strauss dated January 10,
2007 (which supersedes and replaces the Agreement of Joint
Filing previously filed as Exhibit 1 to the Schedule 13D
Amendment No. 22 filed with the SEC on April 14, 2005).
------------ ------------------------------------------------------------------
99.2 Letter agreement between Barington Capital Group, L.P. and the
Company dated January 5, 2007.
------------ ------------------------------------------------------------------
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: January 10, 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 COMPANIES OFFSHORE FUND, LTD.
By: /s/ James A. Mitarotonda
--------------------------
Name: James A. Mitarotonda
Title: President
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
STARBOARD VALUE & OPPORTUNITY FUND, LLC
By: Admiral Advisors, LLC, its
managing member
By: /s/ Jeffrey M. Solomon
--------------------------
Name: Jeffrey M. Solomon
Title: Authorized Signatory
ADMIRAL ADVISORS, LLC
By: Ramius Capital Group, L.L.C., its
sole member
By: /s/ Jeffrey M. Solomon
--------------------------
Name: Jeffrey M. Solomon
Title: Authorized Signatory
RAMIUS SECURITIES, L.L.C.
By: Ramius Capital Group, L.L.C., its
sole member
By: /s/ Jeffrey M. Solomon
--------------------------
Name: Jeffrey M. Solomon
Title: Authorized Signatory
RAMIUS CAPITAL GROUP, L.L.C.
By: C4S & Co., L.L.C., its Managing Member
By: /s/ Jeffrey M. Solomon
--------------------------
Name: Jeffrey M. Solomon
Title: Managing Member
C4S & CO., L.L.C.
By: /s/ Jeffrey M. Solomon
--------------------------
Name: Jeffrey M. Solomon
Title: Managing Member
/s/ Jeffrey M. Solomon
------------------------------
Jeffrey M. Solomon, for himself and as
Attorney-in-Fact for Peter A. Cohen,
Morgan B. Stark and Thomas W. Strauss
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
Officers of LNA Capital Corp.
Name and Position Principal Occupation Principal Business Address
----------------- -------------------- --------------------------
James A. Mitarotonda Chairman and Chief Executive Officer of 888 Seventh Avenue
President and CEO 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