sec document
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
I-many, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
44973Q103
(CUSIP Number)
Steven Wolosky, Esq.
Olshan Grundman Frome Rosenzweig & Wolosky LLP
Park Avenue Tower
65 East 55th Street
New York, New York 10022
(212) 451-2300
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
March 31, 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 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 [ ].
NOTE: Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See Rule 13d-7 for other
parties to whom copies are to be sent.
(Page 1 of 13 Pages)
----------------
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
CUSIP No. 44973Q103 13D/A Page 2 of 13 Pages
________________________________________________________________________________
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
Ramius Capital Group, LLC
________________________________________________________________________________
(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
________________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
0
SHARES _________________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
4,137,121
OWNED BY _________________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
0
REPORTING _________________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
4,137,121
________________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
4,137,121
________________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.86%
________________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IA
________________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 44973Q103 13D/A Page 3 of 13 Pages
________________________________________________________________________________
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
RCG Ambrose Master 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
Cayman Islands
________________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
0
SHARES _________________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
4,137,121
OWNED BY _________________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
0
REPORTING _________________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
4,137,121
________________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
4,137,121
________________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.86%
________________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
CO
________________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 44973Q103 13D/A Page 4 of 13 Pages
________________________________________________________________________________
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
RCG Halifax 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
Cayman Islands
________________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
0
SHARES _________________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
4,137,121
OWNED BY _________________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
0
REPORTING _________________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
4,137,121
________________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
4,137,121
________________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.86%
________________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
CO
________________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 44973Q103 13D/A Page 5 of 13 Pages
________________________________________________________________________________
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
Ramius Securities, L.L.C.
________________________________________________________________________________
(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
________________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
0
SHARES _________________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
4,137,121
OWNED BY _________________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
0
REPORTING _________________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
4,137,121
________________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
4,137,121
________________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.86%
________________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
BD
________________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 44973Q103 13D/A Page 6 of 13 Pages
________________________________________________________________________________
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
C4S & Co., L.L.C.
________________________________________________________________________________
(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
________________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
0
SHARES _________________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
4,137,121
OWNED BY _________________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
0
REPORTING _________________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
4,137,121
________________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
4,137,121
________________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.86%
________________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
OO
________________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 44973Q103 13D/A Page 7 of 13 Pages
________________________________________________________________________________
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
Peter A. Cohen
________________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
________________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________________
(4) SOURCE OF FUNDS **
OO
_______________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
________________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
0
SHARES _________________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
4,137,121
OWNED BY _________________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
0
REPORTING _________________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
4,137,121
________________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
4,137,121
________________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.86%
________________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
________________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 44973Q103 13D/A Page 8 of 13 Pages
________________________________________________________________________________
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
Morgan B. Stark
________________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
________________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________________
(4) SOURCE OF FUNDS **
OO
_______________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
________________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
0
SHARES _________________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
4,137,121
OWNED BY _________________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
0
REPORTING _________________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
4,137,121
________________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
4,137,121
________________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.86%
________________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
________________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 44973Q103 13D/A Page 9 of 13 Pages
________________________________________________________________________________
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
Thomas W. Strauss
________________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
________________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________________
(4) SOURCE OF FUNDS **
OO
_______________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
________________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
0
SHARES _________________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
4,137,121
OWNED BY _________________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
0
REPORTING _________________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
4,137,121
________________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
4,137,121
________________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.86%
________________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
________________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 44973Q103 13D/A Page 10 of 13 Pages
________________________________________________________________________________
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
Jeffrey M. Solomon
________________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
________________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________________
(4) SOURCE OF FUNDS **
OO
_______________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
________________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
0
SHARES _________________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
4,137,121
OWNED BY _________________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
0
REPORTING _________________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
4,137,121
________________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
4,137,121
________________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.86%
________________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
________________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 44973Q103 13D/A Page 11 of 13 Pages
This Amendment No. 2 (this "Amendment") amends the statement on Schedule
13D filed on February 9, 2005, as amended by Amendment No. 1 filed on February
11, 2005 (the "Schedule 13D") with respect to shares of common stock, par value
$0.0001 per share (the "Common Stock") of I-many, Inc., a Delaware corporation
(the "Company"). Capitalized terms used herein and not otherwise defined in this
Amendment have the meanings set forth in the Schedule 13D. This Amendment amends
and restates Item 4 and Item 7 in their entirety as set forth below.
Item 4. Purpose of the Transaction.
The Reporting Persons voted the Shares against the proposed merger between
the Company and Selectica, Inc. based upon the Reporting Persons' belief, among
other things, that the merger consideration was inadequate. As a result of the
termination of the merger agreement, and the public announcement that the
Company will pursue its business development, depending upon overall market
conditions, other investment opportunities available to the Reporting Persons,
and the availability of Shares at prices that would make the purchase of
additional Shares desirable, the Reporting Persons may endeavor to increase
their position in the Company through, among other things, the purchase of
Shares on the open market or in private transactions or otherwise, on such terms
and at such times as the Reporting Persons may deem advisable.
No Reporting Person has any present plan or proposal which would
relate to or result in any of the matters set forth in subparagraphs (a) - (j)
of Item 4 of Schedule 13D except as set forth herein or such as would occur upon
completion of any of the actions discussed above. The Reporting Persons intend
to review their investment in the Company on a continuing basis and may engage
in discussions with management, the Board of Directors, shareholders of the
Company and other relevant parties concerning the business, operations and
future plans of the Company. Depending on various factors including, without
limitation, the Company's financial position and business strategy, the price
levels of the Shares, conditions in the securities markets and general economic
and industry conditions, the Reporting Persons may in the future take such
actions with respect to their investment in the Company as they deem appropriate
including, without limitation, seeking Board representation or taking other
action to effect changes in the Board composition, making proposals to the
Company concerning changes to the capitalization, ownership structure or
operations of the Company, purchasing additional Shares, selling some or all of
their Shares, engaging in short selling of or any hedging or similar
transactions with respect to the Shares or changing their intention with respect
to any and all matters referred to in Item 4.
Item 7. Materials to be Filed as Exhibits.
There are filed herewith the following Exhibits:
Exhibit I - Joint Acquisition Statement, as required by Rule 13d-
1(k) under the Securities Exchange Act of 1934, as amended
(previously filed).
Exhibit II - Power of Attorney (filed herewith).
CUSIP No. 44973Q103 13D/A Page 12 of 13 Pages
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: April 4, 2005
RAMIUS CAPITAL GROUP, LLC RCG AMBROSE MASTER FUND, LTD.
By: C4S & Co., L.L.C., By: Ramius Capital Group, LLC,
as Managing Member its Investment Advisor
By: /s/ Jeffrey M. Solomon By: C4S & Co., L.L.C.,
------------------------- its Managing Member
Name: Jeffrey M. Solomon
Title: Managing Member
By: /s/ Jeffrey M. Solomon
---------------------------
Name: Jeffrey M. Solomon
Title: Managing Member
RCG HALIFAX FUND, LTD. RAMIUS SECURITIES, L.L.C.
By: Ramius Capital Group, LLC, By: Ramius Capital Group, LLC,
its Investment Advisor its Managing Member
By: C4S & Co., L.L.C., By: C4S & Co., L.L.C.,
its Managing Member its Managing Member
By: /s/ Jeffrey M. Solomon By: /s/ Jeffrey M. Solomon
------------------------- --------------------------
Name: Jeffrey M. Solomon Name: Jeffrey M. Solomon
Title: Managing Member Title: Managing Member
C4S & CO., L.L.C. JEFFREY M. SOLOMON
By: /s/ Jeffrey M. Solomon /s/ Jeffrey M. Solomon
------------------------- -------------------------------
Name: Jeffrey M. Solomon Individually and as attorney-in-fact
Title: Managing Member for Peter A. Cohen, Morgan B. Stark
and Thomas W. Strauss
CUSIP No. 44973Q103 13D/A Page 13 of 13 Pages
EXHIBIT II
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/ Thomas W. Strauss
-----------------------------
Thomas W. Strauss
/s/ Jeffrey M. Solomon
-----------------------------
Jeffrey M. Solomon