UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a)
AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
Syms Corp.
(Name of Issuer)
Common Stock, par value $0.05 per share
(Title of Class of Securities)
871551107
(CUSIP Number)
Mr. James A. Mitarotonda
c/o Barington Companies Equity Partners, L.P.
888 Seventh Avenue, 17th Floor
New York, NY 10019
(212) 974-5700
(Name, Address and Telephone Number of
Person Authorized to Receive Notices
and Communications)
May 9, 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 that 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: |_|.
(Continued on following pages)
(Page 1 of 31 Pages)
SCHEDULE 13D
CUSIP No. 871551107 Page 2 of 31 Pages
------------------- ------------------
1) NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
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 259,978
SHARES ------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ------------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 259,978
WITH ------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
259,978
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.77%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 871551107 Page 3 of 31 Pages
------------------- ------------------
1) NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
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 259,978
SHARES ------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ------------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 259,978
WITH ------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
259,978
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.77%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 871551107 Page 4 of 31 Pages
------------------- ------------------
1) NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Barington Investments, L.P. 20-2871525
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS WC
--------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 113,730
SHARES ------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ------------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 113,730
WITH ------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
113,730
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.77%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 871551107 Page 5 of 31 Pages
------------------- ------------------
1) NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
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 113,730
SHARES ------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ------------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 113,730
WITH ------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
113,730
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.77%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 871551107 Page 6 of 31 Pages
------------------- ------------------
1) NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Benchmark Opportunitas Fund plc
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS WC
--------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Ireland
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 70,600
SHARES ------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ------------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 70,600
WITH ------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
70,600
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.48%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 871551107 Page 7 of 31 Pages
------------------- ------------------
1) NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
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 70,600
SHARES ------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ------------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 70,600
WITH ------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
70,600
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.48%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IA, OO
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 871551107 Page 8 of 31 Pages
------------------- ------------------
1) NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
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 306,536
SHARES ------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ------------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 306,536
WITH ------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
306,536
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.09%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 871551107 Page 9 of 31 Pages
------------------- ------------------
1) NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Barington Offshore Advisors II, LLC 20-8325785
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS 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 306,536
SHARES ------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ------------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 306,536
WITH ------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
306,536
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.09%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IA, OO
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 871551107 Page 10 of 31 Pages
------------------- -------------------
1) NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Barington Capital Group, L.P. 13-3635132
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS OO
--------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 750,844
SHARES ------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ------------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 750,844
WITH ------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
750,844
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.11%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 871551107 Page 11 of 31 Pages
------------------- -------------------
1) NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
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 750,844
SHARES ------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ------------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 750,844
WITH ------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
750,844
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.11%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 871551107 Page 12 of 31 Pages
------------------- -------------------
1) NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
James A. Mitarotonda
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS OO
--------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 750,844
SHARES ------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ------------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 750,844
WITH ------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
750,844
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.11%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 871551107 Page 13 of 31 Pages
------------------- -------------------
1) NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
RJG Capital Partners, L.P. 20-0133443
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS WC
--------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 1,900
SHARES ------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ------------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 1,900
WITH ------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,900
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.01%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 871551107 Page 14 of 31 Pages
------------------- -------------------
1) NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
RJG Capital Management, LLC 20-0027325
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS OO
--------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 1,900
SHARES ------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ------------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 1,900
WITH ------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,900
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.01%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 871551107 Page 15 of 31 Pages
------------------- -------------------
1) NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Ronald J. Gross
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS OO
--------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 1,900
SHARES ------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ------------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 1,900
WITH ------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,900
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.01%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
Page 16 of 31 Pages
Item 1. Security and Issuer.
This statement on Schedule 13D (the "Statement") relates to the common
stock, par value $0.05 per share (the "Common Stock"), of Syms Corp., a New
Jersey corporation (the "Company"). The principal executive offices of the
Company are located at Syms Way, Secaucus, New Jersey 07094.
Item 2. Identity and Background.
(a) - (c) This Statement is being filed by Barington Companies Equity
Partners, L.P., Barington Companies Investors, LLC, Barington Investments, L.P.,
Barington Companies Advisors, LLC, Benchmark Opportunitas Fund plc, Barington
Offshore Advisors, LLC, Barington Companies Offshore Fund, Ltd., Barington
Offshore Advisors II, LLC, Barington Capital Group, L.P., LNA Capital Corp.,
James A. Mitarotonda, RJG Capital Partners, L.P., RJG Capital Management, LLC
and Ronald J. Gross (each, a "Reporting Entity" and, collectively, the
"Reporting Entities").
As of May 17, 2007, the Reporting Entities are the beneficial owners of,
in the aggregate, 752,744 shares of Common Stock, representing approximately
5.12% of the shares of Common Stock presently outstanding.
Barington Companies Equity Partners, L.P. is a Delaware limited
partnership. The principal business of Barington Companies Equity Partners, L.P.
is acquiring, holding and disposing of investments in various companies. The
address of the principal business and principal office of Barington Companies
Equity Partners, L.P. is 888 Seventh Avenue, 17th Floor, New York, New York
10019.
Barington Investments, L.P. is a Delaware limited partnership. The
principal business of Barington Investments, L.P. is acquiring, holding and
disposing of investments in various companies. The address of the principal
business and principal office of Barington Investments, L.P. is 888 Seventh
Avenue, 17th Floor, New York, New York 10019.
Benchmark Opportunitas Fund plc is a public limited company incorporated
under the laws of Ireland as an investment company. The principal business of
Benchmark Opportunitas Fund plc is acquiring, holding and disposing of
investments in various companies. The address of the principal business and
principal office of Benchmark Opportunitas Fund plc is Styne House, 2nd Floor,
Upper Hatch Street, Dublin 2, Ireland. The directors of Benchmark Opportunitas
Fund plc and their principal occupations and business addresses are set forth on
Schedule I and incorporated by reference in this Item 2.
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 II and incorporated by reference in this Item 2.
Page 17 of 31 Pages
The general partner of Barington Companies Equity Partners, L.P. is
Barington Companies Investors, LLC. Barington Companies Investors, LLC is a
Delaware limited liability company. The principal business of Barington
Companies Investors, LLC is serving as the general partner of Barington
Companies Equity Partners, L.P. The address of the principal business and
principal office of Barington Companies Investors, LLC is 888 Seventh Avenue,
17th Floor, New York, New York 10019. James A. Mitarotonda is the Managing
Member of Barington Companies Investors, LLC.
The general partner of Barington Investments, L.P. is Barington Companies
Advisors, LLC. Barington Companies Advisors, LLC is a Delaware limited liability
company. The principal business of Barington Companies Advisors, LLC is serving
as the general partner of Barington Investments, L.P. The address of the
principal business and principal office of Barington Companies Advisors, LLC is
888 Seventh Avenue, 17th Floor, New York, New York 10019. James A. Mitarotonda
is the Managing Member of Barington Companies Advisors, LLC.
The investment advisor of Benchmark Opportunitas Fund plc is Barington
Offshore Advisors, LLC. Barington Offshore Advisors, LLC is a Delaware limited
liability company. The principal business of Barington Offshore Advisors, LLC is
serving as the investment advisor of Benchmark Opportunitas Fund plc. The
address of the principal business and principal office of Barington Offshore
Advisors, LLC is 888 Seventh Avenue, 17th Floor, New York, New York 10019. James
A. Mitarotonda is the Managing Member of Barington Offshore Advisors, LLC.
The investment advisor of Barington Companies Offshore Fund, Ltd. is
Barington Offshore Advisors II, LLC. Barington Offshore Advisors II, LLC is a
Delaware limited liability company. The principal business of Barington Offshore
Advisors II, LLC is serving as the investment advisor of Barington Companies
Offshore Fund, Ltd. The address of the principal business and principal office
of Barington Offshore Advisors II, LLC is 888 Seventh Avenue, 17th Floor, New
York, New York 10019. James A. Mitarotonda is the Managing Member of Barington
Offshore Advisors II, LLC.
Barington Companies Investors, LLC, Barington Companies Advisors, LLC,
Barington Offshore Advisors, LLC and Barington Offshore Advisors II, LLC are
each majority-owned subsidiaries of Barington Capital Group, L.P. Barington
Capital Group, L.P. is a New York limited partnership. The principal business of
Barington Capital Group, L.P. is acquiring, holding and disposing of investments
in various companies. The address of the principal business and principal office
of Barington Capital Group, L.P. is 888 Seventh Avenue, 17th Floor, New York,
New York 10019.
The general partner of Barington Capital Group, L.P. is LNA Capital Corp.
LNA Capital Corp. is a Delaware corporation. The principal business of LNA
Capital Corp. is serving as the general partner of Barington Capital Group, L.P.
The address of the principal business and principal office of LNA Capital Corp.
is c/o Barington Capital Group, L.P., 888 Seventh Avenue, 17th Floor, New York,
New York 10019. James A. Mitarotonda is the sole stockholder and director of LNA
Capital Corp. The executive officers of LNA Capital Corp. and their principal
occupations and business addresses are set forth on Schedule III and
incorporated by reference in this Item 2. The principal occupation of Mr.
Mitarotonda is serving as the Chairman and Chief Executive Officer of Barington
Capital Group, L.P. The business address of Mr. Mitarotonda is c/o Barington
Capital Group, L.P., 888 Seventh Avenue, 17th Floor, New York, New York 10019.
Page 18 of 31 Pages
RJG Capital Partners, L.P. is a Delaware limited partnership formed to
engage in the business of acquiring, holding and disposing of investments in
various companies. The address of the principal business and principal office of
RJG Capital Partners, L.P. is 11517 West Hill Drive, North Bethesda, Maryland
20852.
The general partner of RJG Capital Partners, L.P. is RJG Capital
Management, LLC. RJG Capital Management, LLC is a Delaware limited liability
company formed to be the general partner of RJG Capital Partners, L.P. The
address of the principal business and principal office of RJG Capital
Management, LLC is 11517 West Hill Drive, North Bethesda, Maryland 20852. Ronald
J. Gross is the Managing Member of RJG Capital Management, LLC. The business
address of Mr. Gross is c/o RJG Capital Management, LLC, 11517 West Hill Drive,
North Bethesda, Maryland 20852.
The Reporting Entities do not believe that certain of the foregoing
information is called for by the Items of Schedule 13D and are disclosing it for
supplemental informational purposes only. Information with respect to each of
the Reporting Entities is given solely by such Reporting Entity and no Reporting
Entity shall have responsibility for the accuracy or completeness of information
supplied by another Reporting Entity.
(d) - (e) During the last five years, none of the Reporting Entities or
any other person identified in response to this Item 2 was convicted in a
criminal proceeding (excluding traffic violations and similar misdemeanors) or
was a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding was or is subject to a
judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws or finding
any violation with respect to such laws.
(f) Each natural person identified in Item 2 is a citizen of the United
States, other than Graham Cook, a director of Barington Companies Offshore Fund,
Ltd., who is a citizen of the United Kingdom, Jonathan Clipper, a director of
Barington Companies Offshore Fund, Ltd., who is a citizen of Bermuda and the
United Kingdom, Jim Cleary, a director of Benchmark Opportunitas Fund plc, who
is a citizen of Ireland, Andreas Jeschko, a director of Benchmark Opportunitas
Fund plc, who is a citizen of Austria, Karen Kisling, a director of Benchmark
Opportunitas Fund plc, who is a citizen of Austria, and Carl O'Sullivan, a
director of Benchmark Opportunitas Fund plc, who is a citizen of Ireland.
Item 3. Source and Amount of Funds or Other Consideration.
The reporting entities purchased an aggregate of 760,539 shares of Common
Stock. The amount of funds expended for such purchases was approximately
$2,372,973.15 by Barington Companies Equity Partners, L.P., $1,546,894.97 by
Barington Investments, L.P., $1,329,466.13 by Benchmark Opportunitas Fund plc,
$4,419,667.33 by Barington Companies Offshore Fund, Ltd. and $22,705 by RJG
Capital Partners, L.P.
Item 4. Purpose of Transaction.
Each of the Reporting Entities acquired beneficial ownership of the shares
of Common Stock to which this Statement relates in order to obtain a significant
equity position in the Company, the Common Stock of which, in the opinion of the
Reporting Entities, has been undervalued.
Page 19 of 31 Pages
The Reporting Entities consider their equity position to be for investment
purposes only. Each of the Reporting Entities may acquire additional shares of
Common Stock or sell or otherwise dispose of any or all of the shares of Common
Stock beneficially owned by it, in the open market, in privately negotiated
transactions or otherwise. The Reporting Entities may also take any other action
with respect to the Company or any of its debt or equity securities in any
manner permitted by law.
Except as set forth in this Item 4, none of the Reporting Entities have
any present plans or proposals that relate to or would result in any of the
actions specified in clauses (a) through (j) of the instructions to Item 4 of
Schedule 13D. The Reporting Entities intend to review their investment in the
Company on a continuing basis. Depending on various factors including, without
limitation, the willingness of the Company's management and Board of Directors
to meet with and consider suggestions of the Reporting Entities, the Company's
financial position and business strategy, the price levels of the shares of
Common Stock, conditions in the securities markets and general economic and
industry conditions, the Reporting Entities may in the future take such actions
with respect to their investment in the Company as they deem appropriate
including, without limitation, making proposals to the Company concerning
changes to the capitalization, ownership structure or operations of the Company,
purchasing additional shares of Common Stock, selling some or all of their
shares of Common Stock, making an offer to purchase the Company, seeking Board
representation or changing their intention with respect to any and all matters
referred to in this Item 4.
Item 5. Interest in Securities of the Issuer.
(a) As of May 17, 2007, Barington Companies Equity Partners, L.P.
beneficially owns an aggregate of 259,978 shares of Common Stock, representing
approximately 1.77% of the shares of Common Stock presently outstanding based
upon the 14,700,579 shares of Common Stock reported by the Company to be issued
and outstanding as of April 18, 2007 in its Form 10-K filed with the Securities
and Exchange Commission on April 27, 2007 (the "Issued and Outstanding Shares").
As of May 17, 2007, Barington Investments, L.P. beneficially owns 113,730
shares of Common Stock, constituting approximately 0.77% of the Issued and
Outstanding Shares. As of May 17, 2007, Benchmark Opportunitas Fund plc
beneficially owns 70,600 shares of Common Stock, constituting approximately
0.48% of the Issued and Outstanding Shares. As of May 17, 2007, Barington
Companies Offshore Fund, Ltd. beneficially owns 306,536 shares of Common Stock,
constituting approximately 2.09% of the Issued and Outstanding Shares. As the
general partner of Barington Companies Equity Partners, L.P., Barington
Companies Investors, LLC may be deemed to beneficially own the 259,978 shares of
Common Stock beneficially owned by Barington Companies Equity Partners, L.P.,
representing approximately 1.77% of the Issued and Outstanding Shares. As the
general partner of Barington Investments, L.P., Barington Companies Advisors,
LLC may be deemed to beneficially own the 113,730 shares of Common Stock
beneficially owned by Barington Investments, L.P., representing approximately
0.77% of the Issued and Outstanding Shares. As the investment advisor to
Benchmark Opportunitas Fund plc, Barington Offshore Advisors, LLC may be deemed
to beneficially own the 70,600 shares of Common Stock beneficially owned by
Benchmark Opportunitas Fund plc, representing approximately 0.48% of the Issued
and Outstanding Shares. As the investment advisor to Barington Companies
Offshore Fund, Ltd. Barington Offshore Advisors II, LLC may be deemed to
beneficially own the 306,536 shares of Common Stock beneficially owned by
Barington Companies Offshore Fund, Ltd. representing approximately 2.09% of the
Issued and Outstanding
Page 20 of 31 Pages
Shares. As the majority member of Barington Companies Advisors, LLC, Barington
Companies Investors, LLC, Barington Offshore Advisors, LLC and Barington
Offshore Advisors II, LLC, Barington Capital Group, L.P. may be deemed to
beneficially own the 259,978 shares of Common Stock beneficially owned by
Barington Companies Equity Partners, L.P., the 113,730 shares of Common Stock
beneficially owned by Barington Investments, L.P., the 70,600 shares of Common
Stock beneficially owned by Benchmark Opportunitas Fund plc and the 306,536
shares of Common Stock beneficially owned by Barington Companies Offshore Fund,
Ltd., representing an aggregate of 750,844 shares, constituting approximately
5.11% of the Issued and Outstanding Shares. As the general partner of Barington
Capital Group, L.P., LNA Capital Corp. may be deemed to beneficially own the
259,978 shares of Common Stock beneficially owned by Barington Companies Equity
Partners, L.P., the 113,730 shares of Common Stock beneficially owned by
Barington Investments, L.P., the 70,600 shares of Common Stock beneficially
owned by Benchmark Opportunitas Fund plc and the 306,536 shares of Common Stock
beneficially owned by Barington Companies Offshore Fund, Ltd., representing an
aggregate of 750,844 shares of Common Stock, constituting approximately 5.11% of
the Issued and Outstanding Shares. As the sole stockholder and director of LNA
Capital Corp., James A. Mitarotonda may be deemed to beneficially own the
259,978 shares of Common Stock beneficially owned by Barington Companies Equity
Partners, L.P., the 113,730 shares of Common Stock beneficially owned by
Barington Investments, L.P., the 70,600 shares of Common Stock beneficially
owned by Benchmark Opportunitas Fund plc and the 306,536 shares of Common Stock
beneficially owned by Barington Companies Offshore Fund, Ltd., representing an
aggregate of 750,844 shares of Common Stock, constituting approximately 5.11% of
the Issued and Outstanding Shares. Mr. Mitarotonda has sole voting and
dispositive power with respect to the 259,978 shares of Common Stock
beneficially owned by Barington Companies Equity Partners, L.P., the 113,730
shares of Common Stock beneficially owned by Barington Investments, L.P., the
70,600 shares of Common Stock beneficially owned by Benchmark Opportunitas Fund
plc and the 306,536 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.
As of May 17, 2007, RJG Capital Partners, L.P. beneficially owns 1,900
shares of Common Stock, constituting approximately 0.01% of the Issued and
Outstanding Shares. As the general partner of RJG Capital Partners, L.P., RJG
Capital Management, LLC may be deemed to beneficially own the 1,900 shares owned
by RJG Capital Partners, L.P., constituting approximately 0.01% of the Issued
and Outstanding Shares. As the managing member of RJG Capital Management, LLC,
which in turn is the general partner of RJG Capital Partners, L.P., Mr. Gross
may be deemed to beneficially own the 1,900 shares owned by RJG Capital
Partners, L.P., constituting approximately 0.01% of the Issued and Outstanding
Shares. Mr. Gross has sole voting and dispositive power with respect to the
1,900 shares owned by RJG Capital Partners, L.P. by virtue of his authority to
vote and dispose of such shares. Mr. Gross disclaims beneficial ownership of any
such shares except to the extent of his pecuniary interest therein.
The Reporting Entities do not believe that certain of the foregoing
information is called for by the Items of Schedule 13D and are disclosing it for
supplemental informational purposes only. Information with respect to each of
the Reporting Entities is given solely by such Reporting Entity and no Reporting
Entity shall have responsibility for the accuracy or completeness of information
supplied by another Reporting Entity.
(b) Each of the other Reporting Entities may be deemed to have sole voting
and dispositive power with respect to the shares of Common Stock each reports as
beneficially owned by such person, regardless of the fact that multiple
Reporting Entities within the same
Page 21 of 31 Pages
chain of ownership report sole voting and dispositive power with respect to such
shares. Each such Reporting Entity reports sole voting and dispositive power
with respect to such shares based on such person's relationship to the other
Reporting Entities within the same chain of ownership. Except to the extent
expressly stated herein, each Reporting Entity disclaims beneficial ownership of
any shares of Common Stock beneficially owned by any other Reporting Entity.
(c) Information concerning all transactions in shares of Common Stock
effected by the Reporting Persons during the past 60 days are described in
Schedule IV attached hereto and incorporated herein by reference.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understanding or Relationships With R
espect to Securities of the Issuer.
The Reporting Entities are parties to an agreement with respect to the
joint filing of this Statement and any amendments thereto, a copy of which is
attached hereto as Exhibit 99.1 and incorporated by reference herein.
Barington Companies Advisors, LLC is compensated for its services as the
general partner of Barington Investments, L.P. by an affiliate of Millennium
Partners, L.P., the limited partner of Barington Investments, L.P., pursuant to
a separate agreement.
Barington Offshore Advisors, LLC is compensated for its services as the
investment advisor of Benchmark Opportunitas Fund plc by the manager of such
fund pursuant to a separate agreement.
Affiliates of Barington Capital Group, L.P. pay a monthly consulting fee
to RJG Capital Management, LLC for certain consulting services RJG Capital
Management, LLC provides to Barington Companies Equity Partners, L.P. The
arrangement with respect to the foregoing is pursuant to a verbal agreement
between the parties.
Item 7. Material to be Filed as Exhibits.
------------ -------------------------------------------------------------------
99.1 Agreement of Joint Filing among Barington Companies Equity
Partners, L.P., Barington Companies Investors, LLC, Barington
Investments, L.P., Barington Companies Advisors, LLC, Benchmark
Opportunitas Fund plc, Barington Offshore Advisors, LLC, Barington
Companies Offshore Fund, Ltd., Barington Offshore Advisors II, LLC,
Barington Capital Group, L.P., LNA Capital Corp., James A.
Mitarotonda, RJG Capital Partners, L.P., RJG Capital Management,
LLC and Ronald J. Gross dated May 18, 2007.
------------ -------------------------------------------------------------------
Page 22 of 31 Pages
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: May 18, 2007
BARINGTON COMPANIES EQUITY PARTNERS, L.P.
By: Barington Companies Investors, LLC,
its general partner
By: /s/ James A. Mitarotonda
--------------------------------------
Name: James A. Mitarotonda
Title: Managing Member
BARINGTON COMPANIES INVESTORS, LLC
By: /s/ James A. Mitarotonda
--------------------------------------
Name: James A. Mitarotonda
Title: Managing Member
BARINGTON INVESTMENTS, L.P.
By: Barington Companies Advisors, LLC,
its general partner
By: /s/ James A. Mitarotonda
--------------------------------------
Name: James A. Mitarotonda
Title: Managing Member
BARINGTON COMPANIES ADVISORS, LLC
By: /s/ James A. Mitarotonda
--------------------------------------
Name: James A. Mitarotonda
Title: Managing Member
BENCHMARK OPPORTUNITAS FUND PLC
By: Barington Offshore Advisors, LLC
By: /s/ James A. Mitarotonda
--------------------------------------
Name: James A. Mitarotonda
Title: Managing Member
Page 23 of 31 Pages
BARINGTON OFFSHORE ADVISORS, LLC
By: /s/ James A. Mitarotonda
--------------------------------------
Name: James A. Mitarotonda
Title: Managing Member
BARINGTON COMPANIES OFFSHORE FUND, LTD.
By: /s/ James A. Mitarotonda
--------------------------------------
Name: James A. Mitarotonda
Title: President
BARINGTON OFFSHORE ADVISORS II, LLC
By: /s/ James A. Mitarotonda
--------------------------------------
Name: James A. Mitarotonda
Title: 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
/s/ James A. Mitarotonda
------------------------------------------
James A. Mitarotonda
Page 24 of 31 Pages
RJG CAPITAL PARTNERS, L.P.
By: RJG Capital Management, LLC,
its general partner
By: /s/ Ronald J. Gross
--------------------------------------
Name: Ronald J. Gross
Title: Managing Member
RJG CAPITAL MANAGEMENT, LLC
By: /s/ Ronald J. Gross
--------------------------------------
Name: Ronald J. Gross
Title: Managing Member
/s/ Ronald J. Gross
------------------------------------------
Ronald J. Gross
Page 25 of 31 Pages
SCHEDULE I
Directors of Benchmark Opportunitas Fund plc
Name and Position Principal Occupation Principal Business Address
----------------- -------------------- --------------------------
Sebastian E. Cassetta Senior Managing Director 888 Seventh Avenue
Director and Chief Operating Officer 17th Floor
of Barington Capital New York, NY 10019
Group, L.P.
Jim Cleary Principal of Cleary Oriel, 25 Revington Park,
Director Consulting North Circular Road,
Limerick, Ireland
Andreas Jeschko Chief Executive Officer 23 Regent House,
Director of Benchmark Advisory Bisazza Street, SLM15,
Limited and Benchmark Sliema, Malta
Capital Management GmbH
Karin Kisling Chief Investment Officer 23 Regent House,
Director of Benchmark Advisory Bisazza Street, SLM15,
Limited Sliema, Malta
Carl O'Sullivan Partner, Arthur Cox Earlsfort Centre
Director Earlsfort Terrace
Dublin 2
Ireland
Page 26 of 31 Pages
SCHEDULE II
Directors and Officers of Barington Companies Offshore Fund, Ltd.
Name and Position Principal Occupation Principal Business Address
----------------- -------------------- --------------------------
James A. Mitarotonda Chairman and Chief 888 Seventh Avenue
Director and President Executive Officer of 17th Floor
Barington Capital New York, NY 10019
Group, L.P.
Sebastian E. Cassetta Senior Managing Director 888 Seventh Avenue
Director and Chief Operating 17th Floor
Officer of Barington New York, NY 10019
Capital Group, L.P.
Jonathan Clipper Managing Director of 7 Reid Street, Suite 108
Director Bedford Management Ltd. Hamilton HM11, Bermuda
Graham Cook Director/Manager, Bison Court
Director Corporate Services of P.O. Box 3460
Byson Financial Road Town, Tortola
Services, Ltd. British Virgin Islands
Citigroup Fund Fund Administration Washington Mall 1, 3rd Flr.
Services, Ltd. 22 Church Street
Secretary Hamilton HM11, Bermuda
Melvyn Brunt Chief Financial Officer 888 Seventh Avenue
Treasurer of Barington Capital 17th Floor
Group, L.P. New York, NY 10019
Page 27 of 31 Pages
SCHEDULE III
Officers of LNA Capital Corp.
Name and Position Principal Occupation Principal Business Address
----------------- -------------------- --------------------------
James A. Mitarotonda Chairman and Chief 888 Seventh Avenue
President and CEO Executive Officer of 17th Floor
Barington Capital New York, NY 10019
Group, L.P.
Sebastian E. Cassetta Senior Managing Director 888 Seventh Avenue
Secretary and Chief Operating 17th Floor
Officer of Barington New York, NY 10019
Capital Group, L.P.
Melvyn Brunt Chief Financial Officer 888 Seventh Avenue
Treasurer of Barington Capital 17th Floor
Group, L.P. New York, NY 10019
Page 28 of 31 Pages
SCHEDULE IV
This schedule sets forth information with respect to each purchase of
Common Stock which was effectuated by a Reporting Entity during the past 60
days. All transactions were effectuated in the open market through a broker.
Shares purchased by Benchmark Opportunitas Fund plc
Number of
Date Shares Price Per Share Cost(*)
---- --------- --------------- -----------
5/9/2007 8,500 $17.866 $151,861.00
5/10/2007 7,852 $17.766 $139,498.63
5/11/2007 3,648 $17.977 $ 65,580.10
Shares purchased and sold by Barington Companies Offshore Fund, Ltd.
Number of
Date Shares Price Per Share Cost(*)
---- --------- --------------- -----------
4/9/2007 10,000 $18.267 $182,670.00
4/11/2007 1,600 $18.272 $ 29,235.20
4/12/2007 400 $18.350 $ 7,340.00
4/13/2007 1,600 $18.294 $ 29,270.40
4/18/2007 700 $18.479 $ 12,935.30
4/19/2007 4,500 $18.342 $ 82,539.00
4/23/2007 1,500 $18.366 $ 27,549.00
4/24/2007 1,700 $18.333 $ 31,166.10
4/27/2007 1,100 $18.008 $ 19,808.80
4/30/2007 11,700 $17.593 $205,838.10
5/1/2007 9,300 $17.765 $165,214.50
5/8/2007 3,300 $17.253 $ 56,934.90
----------
(*) Excludes commissions and other execution-related costs.