-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RmPH9CrGVY1ot3w7AajkaXbLNrCXBEm+MNdgFxlduHQ9LxzGxHFqaCB7NM4jTFXr PuInrYzgxeZopsgZEYVsOw== 0000872573-06-000059.txt : 20061013 0000872573-06-000059.hdr.sgml : 20061013 20061013160219 ACCESSION NUMBER: 0000872573-06-000059 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20061013 DATE AS OF CHANGE: 20061013 GROUP MEMBERS: A.R.T. ADVISORS, LLC GROUP MEMBERS: CAXTON ASSOCIATES, L.L.C. GROUP MEMBERS: CAXTON INTERNATIONAL LIMITED GROUP MEMBERS: GDK, INC. GROUP MEMBERS: MR. AARON SOSNICK GROUP MEMBERS: MR. BRUCE S. KOVNER SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INFOCUS CORP CENTRAL INDEX KEY: 0000845434 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577] IRS NUMBER: 930932102 STATE OF INCORPORATION: OR FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-41347 FILM NUMBER: 061144363 BUSINESS ADDRESS: STREET 1: 27700B SW PARKWAY AVE CITY: WILSONVILLE STATE: OR ZIP: 97070 BUSINESS PHONE: 5036858888 MAIL ADDRESS: STREET 1: 27700B SW PARKWAY AVE CITY: WILSONVILLE STATE: OR ZIP: 97070 FORMER COMPANY: FORMER CONFORMED NAME: IN FOCUS SYSTEMS INC DATE OF NAME CHANGE: 19930328 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CAXTON ASSOCIATES LLC CENTRAL INDEX KEY: 0000872573 IRS NUMBER: 223430173 STATE OF INCORPORATION: DE FISCAL YEAR END: 1030 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: PRINCETON PLAZA, BUILDING 2 STREET 2: 731 ALEXANDER ROAD CITY: PRINCETON STATE: NJ ZIP: 08540 BUSINESS PHONE: 609-419-1800 MAIL ADDRESS: STREET 1: PRINCETON PLAZA, BUILDING 2 STREET 2: 731 ALEXANDER ROAD CITY: PRINCETON STATE: NJ ZIP: 08540 FORMER COMPANY: FORMER CONFORMED NAME: CAXTON CORP DATE OF NAME CHANGE: 19961118 SC 13D 1 infs13d.txt SC 13D - - INFOCUS CORP SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 InFocus Corporation (Name of Issuer) Common Stock (Title of Class of Securities) 45665B106 (CUSIP Number) Mr. Scott B. Bernstein, Esq. Caxton Associates, L.L.C. 731 Alexander Road, Bldg. 2 Princeton, New Jersey 08540 (609) 419-1800 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) 10/12/2006 (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 Section 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. |X| Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section 240.13d-7 for other parties to whom copies are to be sent. *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). (1) Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Caxton International Limited (2) Check the Appropriate Box if a Member of a Group (See Instructions) (a)|_| (b)|_| (3) SEC Use Only. (4) Source of Funds (See Instructions). WC (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) |_| (6) Citizenship or Place of Organization British Virgin Islands Number of Shares Beneficially Owned by Each Reporting Person With: (7) Sole Voting Power: 0 (8) Shared Voting Power: 3,325,430 (9) Sole Dispositive Power: 0 (10) Shared Dispositive Power: 3,325,430 (11) Aggregate Amount Beneficially Owned by Each Reporting Person. 3,325,430 (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions). |_| (13) Percent of Class Represented by Amount in Row (11). 8.3% (14) Type of Reporting Person (See Instructions). CO (1) Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). GDK, Inc. (2) Check the Appropriate Box if a Member of a Group (See Instructions) (a)|_| (b)|_| (3) SEC Use Only. (4) Source of Funds (See Instructions). WC (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) |_| (6) Citizenship or Place of Organization British Virgin Islands Number of Shares Beneficially Owned by Each Reporting Person With: (7) Sole Voting Power: 0 (8) Shared Voting Power: 221,111 (9) Sole Dispositive Power: 0 (10) Shared Dispositive Power: 221,111 (11) Aggregate Amount Beneficially Owned by Each Reporting Person. 221,111 (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions). |_| (13) Percent of Class Represented by Amount in Row (11). 0.6% (14) Type of Reporting Person (See Instructions). BD (1) Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). A.R.T. Advisors, LLC 13-4196796 (2) Check the Appropriate Box if a Member of a Group (See Instructions) (a)|_| (b)|_| (3) SEC Use Only. (4) Source of Funds (See Instructions). WC (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) |_| (6) Citizenship or Place of Organization Delaware Number of Shares Beneficially Owned by Each Reporting Person With: (7) Sole Voting Power: 0 (8) Shared Voting Power: 221,111 (9) Sole Dispositive Power: 0 (10) Shared Dispositive Power: 221,111 (11) Aggregate Amount Beneficially Owned by Each Reporting Person. 221,111 (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions). |_| (13) Percent of Class Represented by Amount in Row (11). 0.6% (14) Type of Reporting Person (See Instructions). IA (1) Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Sosnick, Aaron (2) Check the Appropriate Box if a Member of a Group (See Instructions) (a)|_| (b)|_| (3) SEC Use Only. (4) Source of Funds (See Instructions). WC (5) Check 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 Shares Beneficially Owned by Each Reporting Person With: (7) Sole Voting Power: 0 (8) Shared Voting Power: 221,111 (9) Sole Dispositive Power: 0 (10) Shared Dispositive Power: 221,111 (11) Aggregate Amount Beneficially Owned by Each Reporting Person. 221,111 (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions). |_| (13) Percent of Class Represented by Amount in Row (11). 0.6% (14) Type of Reporting Person (See Instructions). IN (1) Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Caxton Associates, L.L.C. 22-3430173 (2) Check the Appropriate Box if a Member of a Group (See Instructions) (a)|_| (b)|_| (3) SEC Use Only. (4) Source of Funds (See Instructions). Not Applicable (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) |_| (6) Citizenship or Place of Organization Delaware Number of Shares Beneficially Owned by Each Reporting Person With: (7) Sole Voting Power: 0 (8) Shared Voting Power: 3,546,541 (9) Sole Dispositive Power: 0 (10) Shared Dispositive Power: 3,546,541 (11) Aggregate Amount Beneficially Owned by Each Reporting Person. 3,546,541 (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions). |_| (13) Percent of Class Represented by Amount in Row (11). 8.9% (14) Type of Reporting Person (See Instructions). IA (1) Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Kovner, Bruce (2) Check the Appropriate Box if a Member of a Group (See Instructions) (a)|_| (b)|_| (3) SEC Use Only. (4) Source of Funds (See Instructions). Not Applicable (5) Check 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 Shares Beneficially Owned by Each Reporting Person With: (7) Sole Voting Power: 0 (8) Shared Voting Power: 3,546,541 (9) Sole Dispositive Power: 0 (10) Shared Dispositive Power: 3,546,541 (11) Aggregate Amount Beneficially Owned by Each Reporting Person. 3,546,541 (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions). |_| (13) Percent of Class Represented by Amount in Row (11). 8.9% (14) Type of Reporting Person (See Instructions). IN Item 1. Security and Issuer This Schedule 13D relates to the Common Stock, no par value (the "Common Stock") of InFocus Corporation (the "Company"). The principal executive office of the Company is located at 27500 SW Parkway Avenue, Wilsonville, OR 97070. Item 2. Identity and Background (a) This statement is filed by (i) Caxton International Limited, a British Virgin Islands corporation ("Caxton International") (ii) GDK, Inc., a British Virgin Islands corporation ("GDK") (iii) A.R.T. Advisors, LLC, a Delaware limited liability company ("A.R.T. Advisors") (iv) Mr. Aaron Sosnick (v) Caxton Associates, L.L.C., a Delaware limited liability company ("Caxton Associates") (vi) Mr. Bruce Kovner The persons listed on Schedule B annexed hereto are the directors and executive officers of Caxton International, the persons listed on Schedule C annexed hereto are the directors and executive officers of GDK, the person listed on Schedule D annexed hereto is the manager of A.R.T. Advisors, and the persons listed on Schedule E annexed hereto are the executive officers of Caxton Associates (together the "Listed Persons"). (b) (i) The address of Caxton International is c/o Prime Management Limited, Mechanics Building, 12 Church Street, Hamilton HM11, Bermuda. (ii) The address of GDK is c/o Prime Management Limited, Mechanics Building, 12 Church Street, Hamilton HM11, Bermuda. (iii) The address of A.R.T. Advisors is 500 Park Avenue, New York, NY 10022 (iv) The business address of Mr. Sosnick is 500 Park Avenue, New York, NY 10022. (v) The address of Caxton Associates is Princeton Plaza, Building 2, 731 Alexander Road, Princeton, NJ 08540. (vi) The business address of Mr. Kovner is 500 Park Avenue, New York, NY 10022. (c) (i) The principal business of Caxton International is engaging in the trading and investing in international currency, financial and commodity interests and securities, as well as other investments. (ii) The principal business of GDK is trading and investing. (iii) The principal business of A.R.T. Advisors is trading and investing. (iv) The principal occupation of Mr. Sosnick is Manager and majority beneficial owner of A.R.T. Advisors. (v) The principal business of Caxton Associates is trading and investing. (vi) The principal occupation of Mr. Kovner is Chairman of Caxton Associates. (d) No person filing this statement and none of the Listed Persons (to the knowledge of the undersigneds) has during the past five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) No person filing this statement and none of the Listed Persons (to the knowledge of the undersigneds) has during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such a proceeding was or is subject to a judgement, 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) Mr. Sosnick and Mr. Kovner are both United States citizens. Schedules B, C, D and E set forth the citizenship of each of the Listed Persons. Item 3. Source and Amount of Funds or Other Consideration Caxton International has expended an aggregate of $15,020,755.02 (excluding commissions, if any) to purchase 4,091,858 shares of Common Stock of the Company. Caxton International received proceeds of $3,679,462.05 (excluding commissions, if any) from sales of 766,428 shares of Common Stock. The purchase price for such acquired shares was paid out of Caxton International's working capital. GDK has expended an aggregate of $57,711,474.98 (excluding commissions, if any) to purchase 3,775,748 shares of Common Stock of the Company. GDK received proceeds of $67,196,960.53 (excluding commissions, if any) from sales of 3,554,637 shares of Common Stock. The purchase price for such acquired shares was paid out of GDK's working capital. Item 4. Purpose of Transaction. The Reporting Persons believe that the intrinsic value of the Company, and the amount a strategic or financial buyer would pay to acquire the Company, is significantly greater than the current market value of the Common Stock. The Reporting Persons believe that this gap in value has resulted from the implementation by the Company's Board of Directors (the "Board") of a flawed business plan that has been detrimental to shareholder value. The Reporting Persons accordingly believe that the following steps should be taken promptly in order to preserve and maximize shareholder value: 1) The Reporting Persons believe that the Company's poor performance is the result of mistakes made by management and the Board's failure to grasp the strategic realities of the environment in which the Company operates. At this time, we believe that the Company's operating management is capable of effectively executing the Board's strategic vision should it be given adequate guidance and oversight. We do not, however, believe that the Board, as currently constituted, is providing the necessary strategic think- ing. Therefore, we believe that, unless significant changes are made promptly, changes in the Board are in the best interests of all shareholders. 2) The Board should include individuals with strong ties to large shareholders, as well as industry, legal and/or financial markets expertise, which have a firm grasp of the realities of the markets in which the Company operates. Unless significant changes are made, the Board should be restructured to consist of Mr. Ranson, at least two individuals drawn from among the Company's largest shareholders, and other independent directors with relevant industry backgrounds. 3) As part of the Company's announced exploration of strategic alternatives, the Board should develop an operating strategy that not only protects and enhances the hard asset value of the Company, but also will allow the Company to be cash flow positive under any foreseeable circumstances. The Board should immed- iately work with management to develop a business plan that, among other things, permits revenue growth only at a reasonable cost, fixes or exits money-losing operations, and leverages the Company's valuable brand name franchise and considerable intellectual property assets. This new business plan should be assessed against other available alternatives, including the possibilities of a sale or restructuring of the Company. Representatives of the Reporting Persons have had conversations with members of the Company's operating management and with members of the Board, as well as with certain significant shareholders of the Company. The Reporting Persons reserve the right to communicate further with the Company's operating management and with members of the Board, as well as with other shareholders and third parties, about these and other matters. The Reporting Persons continue to examine all of their options with respect to the possibility of taking actions that they believe will enhance shareholder value, including the option of actively seeking to replace members of the Board. Any such actions could relate to or result in one or more of the matters referred to above. The Reporting Persons also reserve the right to purchase or otherwise acquire additional Common Stock, or to sell or otherwise dispose of Common Stock owned by them, in each case in open market or privately negotiated transactions or otherwise. Item 5. Interest in Securities of the Issuer (a) (i) Caxton International beneficially owns 3,325,430 shares of Common Stock, representing approximately 8.3% of the total shares of Common Stock issued and outstanding. (ii) GDK beneficially owns 221,111 shares of Common Stock, representing approximately 0.6% of the total shares of Common Stock issued and outstanding. (iii) A.R.T. Advisors beneficially owns 221,111 shares of Common Stock, representing approximately 0.6% of the total shares of Common Stock issued and outstanding. (iv) Mr. Sosnick beneficially owns 221,111 shares of Common Stock, representing approximately 0.6% of the total shares of Common Stock issued and outstanding. (v) Caxton Associates beneficially owns 3,546,541 shares of Common Stock, representing approximately 8.9% of the total shares of Common Stock issued and outstanding. (vi) Mr. Kovner beneficially owns 3,546,541 shares of Common Stock, representing approximately 8.9% of the total shares of Common Stock issued and outstanding. (b) (i) A.R.T. Advisors, as a result of the delegation of trading authority for GDK from Caxton Associates L.L.C. has voting and dispositive power with respect to the investments of GDK. (ii) Mr. Sosnick is the Manager and majority beneficial owner of A.R.T. Advisors. As a result of the foregoing, Mr. Sosnick may be deemed beneficially to own the securities of the Issuer owned by GDK. (iii) Caxton Associates is the trading advisor to Caxton International and GDK (the "Caxton Accounts") and as such, has voting and dispositive power with respect to the investments of the Caxton Accounts. As a result of the foregoing, Caxton Associates may be deemed beneficially to own the securities of the Issuer owned by Caxton International and GDK. (iv) Mr. Kovner is the Chairman of Caxton Associates and the sole shareholder of Caxton Corporation, the manager and majority owner of Caxton Associates. As a result of the fore- going, Mr. Kovner may be deemed beneficially to own the securities of the Issuer owned by Caxton International and GDK. (c) (i) Caxton International acquired additional shares of Common Stock in a series of open market transactions effected primarily with independent brokers and, to a lesser extent, directly with market makers utilizing the NASDAQ System, between August 13 and October 12, 2006. See Schedule A for disclosure of (1) the date, (2) the price and (3) the amount of shares purchased by Caxton International during the past 60 days. (ii) Besides Caxton International, no other reporting person or Listed Person as listed in Schedules C, D, or E has executed any transactions during the past 60 days. (d) Except as described above, no person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock. (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. There are no contracts, arrangements, understandings or relationships (legal or otherwise) among the persons filing this Report or the Listed Persons or between such persons and any other person with respect to any securities of the Company, including, but not limited to transfer or voting of any of the securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or losses, or the giving or with- holding of proxies. Item 7. Material to Be Filed as Exhibits There is filed herewith as Exhibit 1 a written agreement relating to the filing or joint acquisition statements as required by Rule 13d-1(f)(1) under the Exchange Act. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Caxton International Limited Date: 10/13/2006 /s/ Joseph Kelly Name: Joseph Kelly Title: Vice President and Treasurer Date: 10/13/2006 /s/ Maxwell Quin Name: Maxwell Quin Title: Vice President and Secretary GDK, Inc. Date: 10/13/2006 /s/ Joseph Kelly Name: Joseph Kelly Title: Vice President and Treasurer Date: 10/13/2006 /s/ Maxwell Quin Name: Maxwell Quin Title: Vice President and Secretary A.R.T. Advisors, LLC Date: 10/13/2006 /s/ Andrew Waldman Name: Andrew Waldman Title: Authorized Representative Date: 10/13/2006 /s/ Aaron Sosnick Name: Aaron Sosnick Title: signed by Andrew Waldman as Authorized Representative Caxton Associates, L.L.C. Date: 10/13/2006 /s/ Scott B. Bernstein Name: Scott B. Bernstein Title: Secretary Date: 10/13/2006 /s/ Bruce S. Kovner Name: Bruce S. Kovner Title: signed by Scott B. Bernstein as Attorney-in-Fact The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of the filing person), evidence of the representative's authority to sign on behalf of such person shall be filed with the statement: provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. ATTENTION: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001). Schedule A Caxton International Limited No of Shares Price Per Share Trade Date Purchased (Sold) (Excluding Commission) 14-Aug-06 25,000 2.7537 16-Aug-06 25,000 2.6889 17-Aug-06 200 2.6100 21-Aug-06 25,000 2.6525 22-Aug-06 25,000 2.6246 23-Aug-06 50,000 2.5803 24-Aug-06 28,900 2.5890 25-Aug-06 9,900 2.6583 28-Aug-06 13,200 2.6548 29-Aug-06 9,200 2.6483 31-Aug-06 25,000 2.6934 30-Aug-06 25,000 2.6958 01-Sep-06 25,000 2.6762 05-Sep-06 60,000 2.6833 06-Sep-06 45,000 2.6500 07-Sep-06 50,000 2.6002 08-Sep-06 25,000 2.6077 11-Sep-06 35,000 2.5802 12-Sep-06 25,000 2.5639 13-Sep-06 25,000 2.5598 14-Sep-06 25,000 2.5410 15-Sep-06 25,000 2.5483 18-Sep-06 25,000 2.5588 19-Sep-06 25,000 2.5984 20-Sep-06 28,040 2.6341 20-Sep-06 21,960 2.6460 21-Sep-06 50,000 2.6238 22-Sep-06 49,000 2.6330 25-Sep-06 7,600 2.6458 26-Sep-06 166,800 2.6397 27-Sep-06 98,609 2.6667 28-Sep-06 73,020 2.6858 29-Sep-06 3,082 2.7405 02-Oct-06 25,382 2.8240 03-Oct-06 75,000 2.8048 05-Oct-06 23,545 2.7509 09-Oct-06 14,100 2.9489 10-Oct-06 80,000 2.4782 10-Oct-06 101,800 2.5876 11-Oct-06 3,400 2.4068 Exhibit Index Exhibit 1 - Joint Acquisition Statement Pursuant To Rule 13d-1(k)(1). Exhibit 1 JOINT ACQUISITION STATEMENT PURSUANT TO RULE 13d-1(k) (1) The undersigned acknowledge and agree that the foregoing statement on Schedule 13D is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13D shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the other, except to the extent that he or it knows or has reason to believe that such information is inaccurate. Dated: 10/13/2006 Caxton International Limited /s/ Joseph Kelly Name: Joseph Kelly Title: Vice President and Treasurer /s/ Maxwell Quin Name: Maxwell Quin Title: Vice President and Secretary GDK, Inc. /s/ Joseph Kelly Name: Joseph Kelly Title: Vice President and Treasurer /s/ Maxwell Quin Name: Maxwell Quin Title: Vice President and Secretary A.R.T. Advisors, LLC /s/ Andrew Waldman Name: Andrew Waldman Title: Authorized Representative /s/ Aaron Sosnick Name: Aaron Sosnick Title: signed by Andrew Waldman as Authorized Representative Caxton Associates, L.L.C. /s/ Scott B. Bernstein Name: Scott B. Bernstein Title: Secretary /s/ Bruce S. Kovner Name: Bruce S. Kovner Title: signed by Scott B. Bernstein as Attorney-in-Fact Schedule B Caxton International Limited Board of Directors Joseph Kelly c/o Prime Management Limited Mechanics Bldg., 12 Church Street Hamilton HM11 Bermuda Principal Occupation: President, Prime Management Limited Citizenship: British Peter P. D'Angelo c/o Caxton Associates, L.L.C. 500 Park Avenue New York, NY 10022 Principal Occupation: President, Caxton Associates, L.L.C. Citizenship: United States Maxwell Quin c/o Prime Management Limited Mechanics Bldg., 12 Church Street Hamilton HM11 Bermuda Principal Occupation: Attorney-At-Law Citizenship: British William Anderson c/o Prime Management Limited Mechanics Bldg., 12 Church Street Hamilton HM11 Bermuda Principal Occupation: Managing Director, Trident Advisors, Inc. Toronto, Ontario, Canada Citizenship: Canadian Scott B. Bernstein c/o Caxton Associates, L.L.C. 500 Park Avenue New York, NY 10022 Principal Occupation: General Counsel and Secretary, Caxton Associates, L.L.C. Citizenship: United States Executive Officers William Anderson, President c/o Prime Management Limited Mechanics Bldg., 12 Church Street Hamilton HM11 Bermuda Principal Occupation: Managing Director, Trident Advisors, Inc. Toronto, Ontario, Canada Citizenship: Canadian Joseph Kelly, Vice President and Treasurer c/o Prime Management Limited Mechanics Bldg., 12 Church Street Hamilton HM11 Bermuda Principal Occupation: President, Prime Management Limited Citizenship: British Maxwell Quin, Vice President and Secretary c/o Prime Management Limited Mechanics Bldg., 12 Church Street Hamilton HM11 Bermuda Principal Occupation: Attorney-At-Law Citizenship: British Schedule C GDK, Inc. Board of Directors William Anderson c/o Prime Management Limited Mechanics Bldg., 12 Church Street Hamilton HM11 Bermuda Principal Occupation: Managing Director, Trident Advisors, Inc. Toronto, Ontario, Canada Citizenship: Canadian Peter P. D'Angelo c/o Caxton Associates, L.L.C. 500 Park Avenue New York, NY 10022 Principal Occupation: President, Caxton Associates, L.L.C. Citizenship: United States Maxwell Quin c/o Prime Management Limited Mechanics Bldg., 12 Church Street Hamilton HM11 Bermuda Principal Occupation: Attorney-At-Law Citizenship: British Executive Officers William Anderson, President c/o Prime Management Limited Mechanics Bldg., 12 Church Street Hamilton HM11 Bermuda Principal Occupation: Managing Director, Trident Advisors, Inc. Toronto, Ontario, Canada Citizenship: Canadian Joseph Kelly, Vice President and Treasurer c/o Prime Management Limited Mechanics Bldg., 12 Church Street Hamilton HM11 Bermuda Principal Occupation: President, Prime Management Limited Citizenship: British Maxwell Quin, Vice President and Secretary c/o Prime Management Limited Mechanics Bldg., 12 Church Street Hamilton HM11 Bermuda Principal Occupation: Attorney-At-Law Citizenship: British Peter P. D'Angelo, Vice President c/o Caxton Associates, L.L.C. 500 Park Avenue New York, NY 10022 Principal Occupation: President, Caxton Associates, L.L.C. Citizenship: United States Aaron Sosnick, Senior Vice President c/o A.R.T. Advisors, LLc 500 Park Avenue New York, NY 10022 Principal Occupation: Manager, A.R.T. Advisors, LLC Citizenship: United States Schedule D A.R.T. Advisors, LLC Manager Aaron Sosnick, Senior Vice President c/o A.R.T. Advisors, LLc 500 Park Avenue New York, NY 10022 Principal Occupation: Manager, A.R.T. Advisors, LLC Citizenship: United States Schedule E Caxton Associates, L.L.C. Executive Officers - Caxton Associates, L.L.C. Bruce Kovner, Chairman 500 Park Avenue New York, NY 10022 Principal Occupation: Chairman, Caxton Associates, L.L.C. Citizenship: United States Peter P. D'Angelo, President 500 Park Avenue New York, NY 10022 Principal Occupation: President, Caxton Associates, L.L.C. Citizenship: United States John G. Forbes, Jr., Chief Financial Officer 500 Park Avenue New York, NY 10022 Principal Occupation: Chief Financial Officer, Caxton Associates, L.L.C. Citizenship: United States Scott B. Bernstein, General Counsel and Secretary 500 Park Avenue New York, NY 10022 Principal Occupation: General Counsel and Secretary, Caxton Associates, L.L.C. Citizenship: United States -----END PRIVACY-ENHANCED MESSAGE-----