UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
(Amendment No. 22)
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, $0.001 par value
------------------------------
(Title of Class of Securities)
53631T102000
------------
(CUSIP Number)
Mr. James A. Mitarotonda
c/o Barington Companies Equity Partners, L.P.
888 Seventh Avenue, 17th Floor
New York, N.Y. 10019
(212) 974-5700
--------------
(Name, Address and Telephone Number of
Person Authorized to Receive Notices
and Communications)
April 7, 2005
-------------
(Date of Event which Requires Filing
of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e), 13d-1(f), or 13d-1(g), check
the following box: |_|.
SCHEDULE 13D
CUSIP No. 53631T102000
----------------------
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)
2.1%
_______________________________________________________________________________
14) TYPE OF REPORTING PERSON
PN
_______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 53631T102000
----------------------
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)
2.1%
_______________________________________________________________________________
14) TYPE OF REPORTING PERSON
OO
_______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 53631T102000
----------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Barington Companies Offshore Fund, Ltd. (BVI)
______________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) |_|
_______________________________________________________________________________
3) SEC USE ONLY
_______________________________________________________________________________
4) SOURCE OF FUNDS WC
_______________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
_______________________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
_______________________________________________________________________________
7) SOLE VOTING POWER
NUMBER OF 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)
2.2%
_______________________________________________________________________________
14) TYPE OF REPORTING PERSON
OO
_______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 53631T102000
----------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Barington Companies Advisors, LLC 20-0327470
______________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) |_|
_______________________________________________________________________________
3) SEC USE ONLY
_______________________________________________________________________________
4) SOURCE OF FUNDS OO
_______________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
_______________________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
_______________________________________________________________________________
7) SOLE VOTING POWER
NUMBER OF 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)
2.2%
_______________________________________________________________________________
14) TYPE OF REPORTING PERSON
IA, OO
_______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 53631T102000
----------------------
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)
7.2%
_______________________________________________________________________________
14) TYPE OF REPORTING PERSON
PN
_______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 53631T102000
----------------------
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)
7.2%
_______________________________________________________________________________
14) TYPE OF REPORTING PERSON
CO
_______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 53631T102000
----------------------
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 393,936
SHARES _____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH _____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 393,936
WITH _____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
_______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
393,936
_______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
_______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.3%
_______________________________________________________________________________
14) TYPE OF REPORTING PERSON
IN
_______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 53631T102000
----------------------
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) [ ]
(b) |x|
_______________________________________________________________________________
3) SEC USE ONLY
_______________________________________________________________________________
4) SOURCE OF FUNDS WC
_______________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
_______________________________________________________________________________
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)
3.2%
_______________________________________________________________________________
14) TYPE OF REPORTING PERSON
OO
_______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 53631T102000
----------------------
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) [ ]
(b) |x|
_______________________________________________________________________________
3) SEC USE ONLY
_______________________________________________________________________________
4) SOURCE OF FUNDS OO
_______________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
_______________________________________________________________________________
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)
3.2%
_______________________________________________________________________________
14) TYPE OF REPORTING PERSON
OO
_______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 53631T102000
----------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ramius Securities, LLC 58-2253019
______________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) |x|
_______________________________________________________________________________
3) SEC USE ONLY
_______________________________________________________________________________
4) SOURCE OF FUNDS WC
_______________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
_______________________________________________________________________________
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)
1.1%
_______________________________________________________________________________
14) TYPE OF REPORTING PERSON
BD, OO
_______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 53631T102000
----------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ramius Capital Group, LLC 13-3937658
______________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) |x|
_______________________________________________________________________________
3) SEC USE ONLY
_______________________________________________________________________________
4) SOURCE OF FUNDS OO
_______________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
_______________________________________________________________________________
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)
4.3%
_______________________________________________________________________________
14) TYPE OF REPORTING PERSON
IA, OO
_______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 53631T102000
----------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
C4S & Co., LLC 13-3946794
______________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) |x|
_______________________________________________________________________________
3) SEC USE ONLY
_______________________________________________________________________________
4) SOURCE OF FUNDS OO
_______________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
_______________________________________________________________________________
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)
4.3%
_______________________________________________________________________________
14) TYPE OF REPORTING PERSON
OO
_______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 53631T102000
----------------------
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) [ ]
(b) |x|
_______________________________________________________________________________
3) SEC USE ONLY
_______________________________________________________________________________
4) SOURCE OF FUNDS OO
_______________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
_______________________________________________________________________________
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)
4.3%
_______________________________________________________________________________
14) TYPE OF REPORTING PERSON
IN
_______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 53631T102000
----------------------
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) [ ]
(b) |x|
_______________________________________________________________________________
3) SEC USE ONLY
_______________________________________________________________________________
4) SOURCE OF FUNDS OO
_______________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
_______________________________________________________________________________
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)
4.3%
_______________________________________________________________________________
14) TYPE OF REPORTING PERSON
IN
_______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 53631T102000
----------------------
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) [ ]
(b) |x|
_______________________________________________________________________________
3) SEC USE ONLY
_______________________________________________________________________________
4) SOURCE OF FUNDS OO
_______________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
_______________________________________________________________________________
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)
4.3%
_______________________________________________________________________________
14) TYPE OF REPORTING PERSON
IN
_____________________________________________________________________________
SCHEDULE 13D
CUSIP No. 53631T102000
----------------------
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) [ ]
(b) |x|
_______________________________________________________________________________
3) SEC USE ONLY
_______________________________________________________________________________
4) SOURCE OF FUNDS OO
_______________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
_______________________________________________________________________________
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)
4.3%
_______________________________________________________________________________
14) TYPE OF REPORTING PERSON
IN
_______________________________________________________________________________
This Amendment No. 22 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 of L Q
Corporation, Inc.
Item 1. Security and Issuer.
--------------------
Item 1 of the Statement is hereby amended and restated as follows:
This Statement relates to the common stock, par value $0.001 per share
(the "Common Stock"), of L Q Corporation, Inc. (formerly Liquid Audio, Inc.),
a Delaware corporation (the "Company"). The principal executive offices of
the Company are located at 888 Seventh Avenue, 17th Floor, New York, New York
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. (BVI), Barington Companies Advisors, LLC, Barington
Capital Group, L.P., LNA Capital Corp., James Mitarotonda, Starboard Value &
Opportunity Fund, LLC, Admiral Advisors, LLC, Ramius Securities, LLC, Ramius
Capital Group, LLC, C4S & Co., LLC, Peter A. Cohen, Morgan B. Stark, Jeffrey
M. Solomon and Thomas W. Strauss (each, a "Reporting Entity" and,
collectively, the "Reporting Entities").
Barington Companies Equity Partners, L.P. is a Delaware limited
partnership formed to engage in the business of acquiring, holding and disposing
of investments in various companies. The address of the principal offices of
Barington Companies Equity Partners, L.P. is 888 Seventh Avenue, 17th Floor, New
York, New York 10019.
Barington Companies Offshore Fund, Ltd. (BVI) is a limited
company organized under the laws of the British Virgin Islands formed to
engage in the business of acquiring, holding and disposing of investments in
various companies. The address of the principal offices of Barington
Companies Offshore Fund, Ltd. (BVI) is c/o Bison Financial Services LTD,
Bison Court Road Town, Tortola, British Virgin Islands. The officers and
directors of Barington Companies Offshore Fund, Ltd. (BVI) and their
principal occupations and business addresses are set forth on Schedule I and
incorporated by reference in this Item 2.
The general partner of Barington Companies Equity Partners, L.P. is
Barington Companies Investors, LLC. Barington Companies Investors, LLC is a
Delaware limited liability company formed to be the general partner of
Barington Companies Equity Partners, L.P. The address of the principal
offices of Barington Companies Investors, LLC is 888 Seventh Avenue, 17th
Floor, New York, New York 10019. James Mitarotonda is the Managing Member of
Barington Companies Investors, LLC. The business address of Mr. Mitarotonda
is c/o Barington Capital Group, L.P., 888 Seventh Avenue, 17th Floor, New
York, New York 10019.
Barington Companies Investors, LLC is a majority-owned subsidiary of
Barington Capital Group, L.P. Barington Capital Group, L.P. is a New York
limited partnership formed to
engage in the business of acquiring, holding and disposing of investments in
various companies. The address of the principal business and principal offices
of Barington Capital Group, L.P. is 888 Seventh Avenue, 17th Floor, New York,
New York 10019.
Barington Capital Group, L.P. is also the Managing Member of Barington
Companies Advisors, LLC, the investment advisor of Barington Companies
Offshore Fund, Ltd. (BVI), which has voting power with respect to the shares
owned by Barington Companies Offshore Fund, Ltd. (BVI). Barington Companies
Advisors, LLC is a Delaware limited liability company formed to be the
investment advisor of Barington Companies Offshore Fund, Ltd. (BVI). The
address of the principal offices of Barington Companies Advisors, LLC is 888
Seventh Avenue, 17th Floor, New York, New York 10019.
The general partner of Barington Capital Group, L.P. is LNA Capital
Corp. LNA Capital Corp. is a Delaware corporation formed to be the general
partner of Barington Capital Group, L.P. The address of the principal
business and principal offices of LNA Capital Corp. is c/o Barington Capital
Group, L.P., 888 Seventh Avenue, 17th Floor, New York, New York 10019. James
Mitarotonda is the sole stockholder and director of LNA Capital Corp. The
officers of LNA and their principal occupations and business addresses are
set forth on Schedule II and incorporated by reference in this Item 2.
Starboard Value & Opportunity Fund, LLC is a Delaware limited liability
company formed for the purpose of making equity investments and, on occasion,
taking an active role in the management of portfolio companies in order to
enhance shareholder value. The address of the principal offices of Starboard
Value & Opportunity Fund, LLC 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 and Parche, LLC.
The address of the principal offices of Admiral Advisors, LLC is 666 Third
Avenue, 26th Floor, New York, New York 10017.
Ramius Securities, LLC is a Delaware limited liability company and a
registered broker-dealer. The address of the principal offices of Ramius
Securities, LLC is 666 Third Avenue, 26th Floor, New York, New York 10017.
The sole member of Admiral Advisors, LLC and Ramius Securities, LLC is
Ramius Capital Group, LLC. Ramius Capital Group, LLC is a Delaware limited
liability company that is engaged in money management and investment advisory
services for third parties and proprietary accounts. The address of the
principal offices of Ramius Capital Group, LLC is 666 Third Avenue, 26th
Floor, New York, New York 10017. The Managing Member of Ramius Capital
Group, LLC is C4S & Co., LLC, a Delaware limited liability company formed to
be the managing member of Ramius Capital Group, LLC. The address of the
principal offices of C4S & Co., LLC is 666 Third Avenue, 26th Floor, New
York, New York 10017. Each of Peter A. Cohen, Morgan B. Stark, Jeffrey M.
Solomon and Thomas W. Strauss is a Managing Member of C4S & Co., LLC. The
business address of each of Messrs. Cohen, Stark, Solomon and Strauss is 666
Third Avenue, 26th Floor, New York, New York 10017.
(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 pursuant to Item 2 is a citizen of
the United States, other than Graham Cook, a director of Barington Companies
Offshore Fund, Ltd. (BVI), who is a citizen of the United Kingdom.
The Reporting Entities do not believe that certain of the foregoing
information is called for by the Items of Schedule 13D and are disclosing it
for supplemental informational purposes only.
Item 3. Source and Amount of Funds or Other Consideration.
-------------------------------------------------
Item 3 of the Statement is hereby amended and supplemented by adding the
following:
On April 7, 2005, Barington Companies Offshore Fund, Ltd. (BVI)
purchased an aggregate of 71,000 shares of Common Stock. The amount of funds
expended by Barington Companies Offshore Fund, Ltd. (BVI) for such purchases
was approximately $117,860.
All purchases of Common Stock by Barington Companies Offshore Fund,
Ltd. (BVI) were made in open market transactions as described in Schedule A
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.
------------------------------------
Item 5(a)-(c) of the Statement is hereby amended and supplemented by
adding the following:
(a) As of the date of this filing, the Reporting Entities are the
beneficial owners of, in the aggregate, 532,213 shares of Common Stock,
representing approximately 16.6% 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 March 17, 2005 in its Form 10-K
filed with the SEC on March 31, 2005 (the "Issued and Outstanding Shares").
The Company had effected a 1-for-250 reverse stock split of its Common Stock,
followed immediately by a 35-for-1 forward stock split, as of June 8, 2004.
As of the date hereof, Barington Companies Equity Partners, L.P.
beneficially owns an aggregate of 67,438 shares of Common Stock, representing
approximately 2.1% 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 owned by Barington Companies Equity Partners,
L.P. As the Managing Member of Barington Companies Investors, LLC, which in
turn is the general partner of Barington Companies Equity Partners, L.P., Mr.
Mitarotonda may be deemed to beneficially own the 67,438 shares of Common
Stock owned by Barington Companies Equity Partners, L.P., constituting
approximately 2.1% of the Issued and Outstanding Shares.
As of the date hereof, Barington Companies Offshore Fund, Ltd. (BVI)
beneficially owns 71,000 shares of Common Stock, constituting approximately
2.2% of the Issued and Outstanding Shares. As the investment advisor to
Barington Companies Offshore Fund, Ltd. (BVI), Barington Companies Advisors,
LLC may be deemed to beneficially own the 71,000 shares of Common Stock owned
by Barington Companies Offshore Fund, Ltd. (BVI), constituting approximately
2.2% of the Issued and Outstanding Shares.
As of the date hereof, Barington Capital Group, L.P. beneficially owns
92,498 shares of Common Stock, constituting approximately 2.9% of the Issued
and Outstanding Shares. As the Managing Member of Barington Companies
Advisors, LLC, Barington Capital Group, L.P. may be deemed to beneficially
own the 71,000 shares of Common Stock owned by Barington Companies Offshore
Fund, Ltd. (BVI). As the majority member of Barington Companies Investors,
LLC, Barington Capital Group, L.P. may also be deemed to beneficially own the
67,438 shares of Common Stock owned by Barington Companies Equity Partners,
L.P., representing an aggregate of 230,936 shares, constituting approximately
7.2% 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 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. (BVI), representing an aggregate of 230,936 shares, constituting
approximately 7.2% of the Issued and Outstanding Shares.
As the sole stockholder and director of LNA Capital Corp., Mr. Mitarotonda
may be deemed to beneficially own the 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.
(BVI), representing an aggregate of 230,936 shares, constituting approximately
7.2% of the Issued and Outstanding Shares. 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
163,000 shares of Common Stock of the Company exercisable within 60 days, which
includes 37,000 shares subject to a stock option for which Mr. Mitarotonda is
the designated recipient as further described in Item 6 below. As a result, Mr.
Mitarotonda may be deemed to beneficially own an aggregate of 393,936 shares,
constituting approximately 12.3% of the Issued and Outstanding Shares. Mr.
Mitarotonda reports sole voting and dispositive power with respect to the
163,000 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. (BVI) by virtue of his authority to vote and dispose of such
shares.
As of the date hereof, Starboard Value & Opportunity Fund, LLC
beneficially owns 103,766 shares of Common Stock, constituting approximately
3.2% 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, constituting approximately 3.2% of the Issued
and Outstanding Shares. As of the date hereof, Ramius Securities, LLC
beneficially owns 34,511 shares of Common Stock, constituting approximately
1.1% of the Issued and Outstanding Shares. As the sole member of Admiral
Advisors, LLC and Ramius Securities, LLC, Ramius Capital Group, LLC 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, LLC, representing an aggregate of 138,277
shares, constituting approximately 4.3% of the Issued and Outstanding Shares. As
the Managing Member of Ramius Capital Group, LLC, C4S & Co., LLC may be deemed
to beneficially own the 103,766 shares and the 34,511 shares, respectively, of
Common Stock owned by Starboard Value & Opportunity Fund, LLC and Ramius
Securities, LLC, representing an aggregate of 138,277 shares, constituting
approximately 4.3% of the Issued and Outstanding Shares. As the Managing Members
of C4S & Co., LLC, each of Peter A. Cohen, Morgan B. Stark, Jeffrey M. Solomon
and Thomas W. Strauss may be deemed to beneficially own the 103,766 shares and
the 34,511 shares, respectively, of Common Stock owned by Starboard Value &
Opportunity Fund, LLC and Ramius Securities, LLC, representing an aggregate of
138,277 shares, constituting approximately 4.3% 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,
respectively, owned by Starboard Value & Opportunity Fund, LLC and Ramius
Securities, LLC by virtue of their shared authority to vote and dispose of such
shares. Messrs. Cohen, Stark, Solomon and Strauss disclaim beneficial ownership
of such shares.
Barington Companies Equity Partners, L.P., Barington Companies Investors,
LLC, Barington Companies Offshore Fund, Ltd. (BVI), Barington Companies
Advisors, LLC, Barington Capital Group, L.P., LNA Capital Corp. and James
Mitarotonda disclaim membership in any "group" with Starboard Value &
Opportunity Fund, LLC, Admiral Advisors, LLC, Ramius Securities, LLC, Ramius
Capital Group, LLC, C4S & Co., LLC, Peter A. Cohen, Morgan B. Stark, Thomas W.
Strauss or Jeffrey M. Solomon for purposes of Section 13 of the Securities
Exchange Act of 1934, as amended.
The Reporting Entities do not believe that certain of the foregoing
information is called for by the Items of Schedule 13D and are disclosing it for
supplemental informational purposes only. Information with respect to each of
the Reporting Entities is given solely by such Reporting Entity and no Reporting
Entity shall have responsibility for the accuracy or completeness of information
supplied by another Reporting Entity.
(b) Each of the Reporting Entities may be deemed to have sole voting and
dispositive power over the shares of Common Stock reported as beneficially owned
by such person by virtue of their respective positions as described in paragraph
(a), with the exception of Messrs. Cohen, Stark, Solomon and Strauss, who have
shared authority to vote and dispose of the shares reported as beneficially
owned by them. Messrs. Cohen, Stark, Solomon and Strauss disclaim beneficial
ownership of such shares. With the exception of Messrs. Cohen, Stark, Solomon
and Strauss, each of the other Reporting Entities may be deemed to have sole
voting and dispositive power with respect to the shares each reports as
beneficially owned by such person, regardless of the fact that multiple
Reporting Entities within the same chain of ownership report sole voting and
dispositive power with respect to such shares. Each such Reporting Entity
reports sole voting and dispositive power with respect to such shares based on
such persons relationship to the other Reporting Entities within the same chain
of ownership. Except to the extent expressly stated herein, each Reporting
Entity disclaims beneficial ownership of any shares of Common Stock beneficially
owned by any other Reporting Entity.
(c) No person identified in Item 2 hereof has effected any transaction
in shares of such Common Stock during the 60 days preceding the date of filing
of this Amendment No. 22 except to the extent disclosed herein.
Item 6. Contracts, Arrangements, Understanding or Relationships With
Respect to Securities of the Issuer.
------------------------------------------------------------
Item 6 of the Statement is hereby amended and supplemented by adding
the following:
Barington Capital Group, L.P. or one or more of its affiliates expects to
receive a fee from Starboard Value & Opportunity Fund, LLC or one of its
affiliates with respect to certain profits Starboard Value & Opportunity Fund,
LLC and certain of its affiliates may derive from their investment in the Common
Stock of the Company. An agreement between the parties with respect to the
foregoing has not yet been formalized.
Barington Capital Group, L.P. is party to a services agreement with the
Company dated as of November 18, 2004, pursuant to which Barington provides
certain administrative, accounting and other services on behalf of the Company
(the "Services Agreement"). A copy of the Services Agreement is filed as Exhibit
10.80 to the Company's Form 10-K filed with the SEC on March 31, 2005 and is
incorporated by reference herein. Pursuant to the Services Agreement, the
Company granted to Barington Capital Group, L.P. or its designees stock options
to purchase 56,000 shares of the Common Stock. The options are fully exercisable
and were granted with an exercise price per share of $1.82 equal to the fair
market value of the Common Stock on the grant date. The option grant was
reported in a Form 4 filed by James Mitarotonda with the SEC on November 18,
2004, pending designation of the stock option recipients among Mr. Mitarotonda
and other designees of Barington Capital Group, L.P. On April 14, 2005,
Barington Capital Group, L.P. designated Mr. Mitarotonda as a recipient of stock
options to purchase 37,000 shares of the Common Stock, which shares are
reflected as beneficially owned by Mr. Mitarotonda in this Amendment No. 22.
Item 7. Material to be Filed as Exhibits.
--------------------------------
The information contained in Item 7 of the Statement is hereby amended
and supplemented by adding the following:
Exhibit No. Exhibit Description
1 Agreement of Joint Filing among Barington Companies Equity
Partners, L.P., Barington Companies Investors, LLC,
Barington Companies Offshore Fund, Ltd. (BVI), Barington
Companies Advisors, LLC, Barington Capital Group, L.P., LNA
Capital Corp., James Mitarotonda, Starboard Value &
Opportunity Fund, LLC, Admiral Advisors, LLC, Ramius
Securities, LLC, Ramius Capital Group, LLC, C4S & Co., LLC,
Peter A. Cohen, Morgan B. Stark, Jeffrey M. Solomon and
Thomas W. Strauss dated April 14, 2005 (which supersedes
and replaces the Agreement of Joint Filing dated May 25,
2004, as previously filed as an exhibit to the Schedule 13D
filed with the SEC on May 25, 2004).
2 Power of attorney for Peter A. Cohen, Morgan B. Stark, Thomas
W. Strauss and Jeffrey M. Solomon dated March 11, 2005
SIGNATURES
----------
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certify that the information set forth in this
Statement is true, complete and correct.
Dated: April 14, 2005
BARINGTON COMPANIES EQUITY PARTNERS,
L.P.
By: Barington Companies Investors,
LLC, its general partner
By: /s/ James A. Mitarotonda
------------------------------
Name: James A. Mitarotonda
Title: Managing Member
BARINGTON COMPANIES INVESTORS, LLC
By: /s/ James A. Mitarotonda
------------------------------
Name: James A. Mitarotonda
Title: Managing Member
/s/ James A. Mitarotonda
-------------------------------
James A. Mitarotonda
BARINGTON COMPANIES OFFSHORE FUND,
LTD. (BVI)
By: /s/ James A. Mitarotonda
---------------------------
Name: James A. Mitarotonda
Title: President
BARINGTON COMPANIES ADVISORS, LLC
By: /s/ James A. Mitarotonda
----------------------------
Name: James A. Mitarotonda
Title: Managing Member
BARINGTON CAPITAL GROUP, L.P.
By: LNA Capital Corp., its general
partner
By: /s/ James A. Mitarotonda
----------------------------
Name: James A. Mitarotonda
Title: President and CEO
LNA CAPITAL CORP.
By: /s/ James A. Mitarotonda
----------------------------
Name: James A. Mitarotonda
Title: President and CEO
STARBOARD VALUE & OPPORTUNITY FUND, LLC
By: Admiral Advisors, LLC, its
managing member
By: /s/ Jeffrey M. Solomon
----------------------------
Name: Jeffrey M. Solomon
Title: Authorized Signatory
ADMIRAL ADVISORS, LLC
By: Ramius Capital Group, LLC, its
sole member
By: /s/ Jeffrey M. Solomon
----------------------------
Name: Jeffrey M. Solomon
Title: Authorized Signatory
RAMIUS SECURITIES, LLC
By: Ramius Capital Group, LLC, its
sole member
By: /s/ Jeffrey M. Solomon
----------------------------
Name: Jeffrey M. Solomon
Title: Authorized Signatory
RAMIUS CAPITAL GROUP, LLC
By: C4S & Co., LLC, its Managing Member
By: /s/ Jeffrey M. Solomon
----------------------------
Name: Jeffrey M. Solomon
Title: Managing Member
C4S & CO., LLC
By: /s/ Jeffrey M. Solomon
----------------------------
Name: Jeffrey M. Solomon
Title: Managing Member
/s/ Jeffrey M. Solomon
--------------------------------
Jeffrey M. Solomon, Attorney-in-Fact
for Peter A. Cohen
/s/ Jeffrey M. Solomon
--------------------------------
Jeffrey M. Solomon, Attorney-in-Fact
for Morgan B. Stark
/s/ Jeffrey M. Solomon
-----------------------------
Jeffrey M. Solomon
/s/ Jeffrey M. Solomon
-----------------------------
Jeffrey M. Solomon, Attorney-in-Fact
for Thomas W. Strauss
SCHEDULE I
Directors and Officers of Barington Companies Offshore Fund, Ltd. (BVI)
Name and Position Principal Occupation Principal Business Address
----------------- -------------------- --------------------------
James A. Mitarotonda Chairman of Barington 888 Seventh Avenue
Director and President Capital Group, L.P. 17th Floor
New York, NY 10019
Sebastian E. Cassetta Executive Vice President and 888 Seventh Avenue
Director Chief Operating Officer of 17th Floor
Barington Capital Group, L.P. New York, NY 10019
Edith Conyers General Manager of Forum Washington Mall 1, 3rd Flr.
Director Fund Services, Ltd. 22 Church Street
Hamilton HM11, Bermuda
Graham Cook Director/Manager, Corporate Bison Court
Director Services of Byson Financial P.O. Box 3460
Services, Ltd. Road Town, Tortola
British Virgin Islands
Forum Fund Services, Ltd. Fund Administration Washington Mall 1, 3rd Flr.
Secretary 22 Church Street
Hamilton HM11, Bermuda
Melvyn Brunt Chief Financial Officer of 888 Seventh Avenue
Treasurer Barington Capital Group, L.P. 17th Floor
New York, NY 10019
SCHEDULE II
Officers of LNA Capital Corp.
Name and Position Principal Occupation Principal Business Address
----------------- -------------------- --------------------------
James A. Mitarotonda Chairman of Barington 888 Seventh Avenue
President and CEO Capital Group, L.P. 17th Floor
New York, NY 10019
Sebastian E. Cassetta Executive Vice President 888 Seventh Avenue
Secretary and Chief Operating Officer 17th Floor
of Barington Capital Group, New York, NY 10019
L.P.
Melvyn Blunt Chief Financial Officer of 888 Seventh Avenue
Treasurer Barington Capital Group, 17th Floor
L.P. New York, NY 10019
SCHEDULE A
This schedule sets forth information with respect to each purchase of
Common Stock which was effectuated by Barington Companies Offshore Fund, Ltd.
(BVI) within the past 60 days. All transactions were effectuated in the open
market through a broker.
Shares purchased by Barington Companies Offshore Fund, Ltd. (BVI)
Number of
Date Shares Price Per Share Cost(1)
---- --------- --------------- -----------
4/7/05 71,000 $1.66 $117,860
----------
(1) Excludes commissions and other execution-related costs.
EXHIBIT 1
Agreement of Joint Filing
Pursuant to Rule 13d-1(k) promulgated under the Securities Exchange Act
of 1934, as amended, the undersigned persons hereby agree to file with the
Securities and Exchange Commission the Statement on Schedule 13D (the
"Statement") to which this Agreement is attached as an exhibit, and agree
that such Statement, as so filed, is filed on behalf of each of them.
This Agreement of Joint Filing supersedes and replaces the Agreement of
Joint Filing dated May 25, 2004.
IN WITNESS WHEREOF, the undersigned have executed this Agreement.
Dated: April 14, 2005
BARINGTON COMPANIES EQUITY PARTNERS,
L.P.
By: Barington Companies Investors,
LLC, its general partner
By: /s/ James A. Mitarotonda
-----------------------------
Name: James A. Mitarotonda
Title: Managing Member
BARINGTON COMPANIES INVESTORS, LLC
By: /s/ James A. Mitarotonda
---------------------------------
Name: James A. Mitarotonda
Title: Managing Member
/s/ James A. Mitarotonda
---------------------------------
James A. Mitarotonda
BARINGTON COMPANIES OFFSHORE FUND,
LTD. (BVI)
By: /s/ James A. Mitarotonda
-----------------------------
Name: James A. Mitarotonda
Title: President
BARINGTON COMPANIES ADVISORS, LLC
By: /s/ James A. Mitarotonda
----------------------------
Name: James A. Mitarotonda
Title: Managing Member
BARINGTON CAPITAL GROUP, L.P.
By: LNA Capital Corp., its general
partner
By: /s/ James A. Mitarotonda
----------------------------
Name: James A. Mitarotonda
Title: President and CEO
LNA CAPITAL CORP.
By: /s/ James A. Mitarotonda
----------------------------
Name: James A. Mitarotonda
Title: President and CEO
STARBOARD VALUE & OPPORTUNITY FUND, LLC
By: Admiral Advisors, LLC, its
managing member
By: /s/ Jeffrey M. Solomon
---------------------------
Name: Jeffrey M. Solomon
Title: Authorized Signatory
ADMIRAL ADVISORS, LLC
By: Ramius Capital Group, LLC, its
sole member
By: /s/ Jeffrey M. Solomon
----------------------------
Name: Jeffrey M. Solomon
Title: Authorized Signatory
RAMIUS SECURITIES, LLC
By: Ramius Capital Group, LLC, its
sole member
By: /s/ Jeffrey M. Solomon
----------------------------
Name: Jeffrey M. Solomon
Title: Authorized Signatory
RAMIUS CAPITAL GROUP, LLC
By: C4S & Co., LLC, its Managing Member
By: /s/ Jeffrey M. Solomon
----------------------------
Name: Jeffrey M. Solomon
Title: Managing Member
C4S & CO., LLC
By: /s/ Jeffrey M. Solomon
----------------------------
Name: Jeffrey M. Solomon
Title: Managing Member
/s/ Jeffrey M. Solomon
--------------------------------
Jeffrey M. Solomon, Attorney-in-Fact
for Peter A. Cohen
/s/ Jeffrey M. Solomon
--------------------------------
Jeffrey M. Solomon, Attorney-in-Fact
for Morgan B. Stark
/s/ Jeffrey M. Solomon
--------------------------------
Jeffrey M. Solomon
/s/ Jeffrey M. Solomon
--------------------------------
Jeffrey M. Solomon, Attorney-in-Fact
for Thomas W. Strauss
EXHIBIT 2
POWER OF ATTORNEY
The undersigned hereby appoints Peter A. Cohen, Morgan B. Stark, Thomas
W. Strauss and Jeffrey M. Solomon, or any of them, his true and lawful
attorney-in fact and agent to execute and file with the Securities and
Exchange Commission any Schedule 13D, Schedule 13G, any amendments thereto
and any related documentation which may be required to be filed in his
individual capacity as a result of the undersigned's beneficial ownership of,
or participation in a group with respect to, securities directly or
indirectly beneficially owned by Ramius Capital Group, LLC or any of its
affiliates, and granting unto said attorney-in-fact and agent full power and
authority to do and perform each and every act and thing which he might or
could do in person, hereby ratifying and confirming all that said
attorney-in-fact and agent may lawfully do or cause to be done by virtue
hereof. The authority of Peter A. Cohen, Morgan B. Stark, Thomas W. Strauss
and Jeffrey M. Solomon, or any of them, under this Power of Attorney shall
continue with respect to the undersigned until the undersigned is no longer
required to file Schedule 13Ds or Schedule 13Gs unless revoked earlier in
writing.
Date: March 11, 2005
/s/ Peter A. Cohen
---------------------------
Peter A. Cohen
/s/ Morgan B. Stark
---------------------------
Morgan B. Stark
/s/ Jeffrey M. Solomon
---------------------------
Jeffrey M. Solomon
/s/ Thomas W. Strauss
---------------------------
Thomas W. Strauss