UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
Autobytel Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
05275N205
(CUSIP Number)
William Ferriolo
14733 Waterchase Blvd.
Tampa, Florida 33626
727-638-4312
and:
Ian Bentley
14613 Canopy Drive
Tampa, Florida 33626
813-765-7625
and a copy to:
Richard M. Leisner, Esq.
Trenam, Kemker, Scharf, Barkin, Frye, ONeill & Mullis, P.A.
2700 Bank of America Plaza
Tampa, Florida 33602
813-227-7461
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
July 18, 2013
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this
Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box ¨.
Note: Schedules filed in paper format shall include a signed original and five copies of the Schedule, including all exhibits.
See Rule 13d-7(b) for other parties to whom copies are to be sent.
* | The remainder of this cover page shall be filled out for a reporting persons 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 (the Exchange 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. 05275N106 | Schedule 13D | Page 2 of 12 Pages |
1 |
NAME AND IRS IDENTIFICATION NUMBER OF REPORTING PERSON
Atrop, Inc. 37-1540540 | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (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
Florida | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
-0- | ||||
8 | SHARED VOTING POWER
400,000 * | |||||
9 | SOLE DISPOSITIVE POWER
-0- | |||||
10 | SHARED DISPOSITIVE POWER
400,000 * | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
400,000 * | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
¨ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.32% | |||||
14 | TYPE OF REPORTING PERSON
CO |
* | See Item 5. |
CUSIP No. 05275N106 | Schedule 13D | Page 3 of 12 Pages |
1 |
NAME AND IRS IDENTIFICATION NUMBER OF REPORTING PERSON
IBBF Ventures, Inc. 73-1672259 | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (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
Florida | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
-0- | ||||
8 | SHARED VOTING POWER
400,000 * | |||||
9 | SOLE DISPOSITIVE POWER
-0- | |||||
10 | SHARED DISPOSITIVE POWER
400,000 * | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
400,000 * | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
¨ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.32% | |||||
14 | TYPE OF REPORTING PERSON
CO |
* | See Item 5. |
CUSIP No. 05275N106 | Schedule 13D | Page 4 of 12 Pages |
1 |
NAME OF REPORTING PERSON
William Ferriolo | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) ¨
| |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS
PF | |||||
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 SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
95,640 | ||||
8 | SHARED VOTING POWER
400,000 * | |||||
9 | SOLE DISPOSITIVE POWER
95,640 | |||||
10 | SHARED DISPOSITIVE POWER
400,000 * | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
495,640 * | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
¨ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.31% | |||||
14 | TYPE OF REPORTING PERSON
IN |
* | See Item 5. |
CUSIP No. 05275N106 | Schedule 13D | Page 5 of 12 Pages |
1 |
NAME OF REPORTING PERSON
Ian Bentley | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) ¨
| |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS
PF | |||||
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 SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
58,785 | ||||
8 | SHARED VOTING POWER
400,000 * | |||||
9 | SOLE DISPOSITIVE POWER
58,785 | |||||
10 | SHARED DISPOSITIVE POWER
400,000 * | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
458,785 * | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
¨ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.92% | |||||
14 | TYPE OF REPORTING PERSON
IN |
* | See Item 5. |
CUSIP No. 05275N106 | Schedule 13D | Page 6 of 12 Pages |
1 |
NAME OF REPORTING PERSON
Ian Bentley Revocable Trust created U/A/D March 1, 2005 | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (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
Florida | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
-0- | ||||
8 | SHARED VOTING POWER
400,000 * | |||||
9 | SOLE DISPOSITIVE POWER
-0- | |||||
10 | SHARED DISPOSITIVE POWER
400,000 * | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
400,000 * | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
¨ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.32% | |||||
14 | TYPE OF REPORTING PERSON
OO |
* | See Item 5. |
CUSIP No. 05275N106 | Schedule 13D | Page 7 of 12 Pages |
Item 1. | Security and Issuer. |
This Schedule 13D relates to the common stock, par value $0.001 per share (the Common Stock) of Autobytel Inc., a Delaware corporation (the Issuer). The address of the principal executive office of the Issuer is 18872 MacArthur Boulevard, Suite 200, Irvine, California 92612.
Item 2. | Identity and Background. |
(a), (f) This Schedule 13D is being filed jointly by: (1) Atrop, Inc., a Florida corporation f/k/a Autotropolis, Inc. (Atrop), (ii) IBBF Ventures, Inc., a Florida corporation f/k/a Cyber Ventures, Inc. (IBBF), (iii) William Ferriolo, a citizen of the United States, (iv) Ian Bentley, a citizen of the United States, and (v) the Ian Bentley Revocable Trust created U/A/D March 1, 2005 (the Bentley Trust). Each of Atrop, IBBF, Mr. Ferriolo, Mr. Bentley and the Bentley Trust are individually referred to as a Reporting Person and collectively as the Reporting Persons. Messrs. Ferriolo and Bentley are the only executive officers of Atrop and IBBF.
The Reporting Persons are making this single, joint filing because they may be deemed to constitute a group within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934 (the Exchange Act). Each Reporting Person disclaims beneficial ownership of all shares of Common Stock in which such Reporting Person does not have a pecuniary interest. The agreement among the Reporting Persons to file this Schedule 13D jointly in accordance with Rule 13d-1(k) under the Exchange Act is attached hereto as Exhibit 1.
(b) The address of Atrop, IBBF and Mr. Ferriolo is 14733 Waterchase Boulevard, Tampa, Florida 33626. The address of Mr. Bentley and the Bentley Trust is 14613 Canopy Drive, Tampa, Florida 33626.
(c) Atrop and IBBF serve as holding companies for certain proceeds from the Asset Sale described in Item 3 below. Mr. Ferriolo is currently Senior Vice President, Consumer Acquisitions, of the Issuer. Mr. Bentley is currently Vice President, Product Development, of the Issuer.
(d) During the past five years, none of the Reporting Persons have been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) During the past five years, none of the Reporting Persons have been a party to any civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which it or he 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.
Item 3. | Source and Amount of Funds or Other Consideration. |
Pursuant to an Asset Purchase Agreement, dated as of September 16, 2010 (the Purchase Agreement), by and between the Reporting Persons, Issuer, and Autobytel Acquisition Subsidiary, Inc., each of Atrop and IBBF sold substantially all of its assets (the Asset Sale) to Issuer in exchange for (i) cash, (ii) a warrant to purchase 2,000,000 shares of Common Stock of the Issuer at an exercise price of $0.93 per share (the Warrant) issued jointly to Atrop and IBBF (subsequently adjusted as described below), and (iii) a promissory note in the original principal amount of $5,000,000 payable to Atrop and IBBF (the Note), which will be convertible on or after September 30, 2013, into up to 1,075,268 shares of Common Stock (the Note Shares). Following the Issuers reverse stock split on July 11, 2012, as described in the Issuers Current Report on Form 8-K filed with the United States Securities and Exchange Commission (the SEC) on July 12, 2012, the Warrant was adjusted to 400,000 shares of Common Stock at an exercise price of $4.65 per share (the Warrant Shares). The Warrant becomes exercisable in full on September 16, 2013.
The foregoing description of the Purchase Agreement, Warrant, Note and the transactions effected thereby does not purport to be complete, and is subject to, and qualified in its entirety by reference to, the full text of the Purchase Agreement, Warrant and Note, which are attached as Exhibits to the Issuers Quarterly Report on Form 10-Q, filed with the SEC on November 12, 2010, and which by this reference are incorporated herein.
CUSIP No. 05275N106 | Schedule 13D | Page 8 of 12 Pages |
In addition to the interest in the Warrant Shares described above, Mr. Bentley, for his service as an employee of Issuer, has also received certain options to purchase shares of Common Stock, 58,785 of which (the Bentley Options) are currently exercisable, or will be exercisable within 60 days of the date hereof. Of the Bentley Options, 50,000 of such options have an exercise price of $4.20 per share; 3,280 have an exercise price of $4.80 per share; 590 have an exercise price of $3.80 per share; and 4,915 have an exercise price of $3.90 per share.
In addition to the interest in the Warrant Shares described above, Mr. Ferriolo, for his service as an employee of the Issuer, has also received certain options to purchase shares of Common Stock, 69,875 of which (the Ferriolo Options) are currently exercisable, or will be exercisable within 60 days of the date hereof. Of such Ferriolo Options, 50,000 of such options have an exercise price of $4.20 per share; 5,454 have an exercise price of $4.80 per share; 5,840 have an exercise price of $3.80 per share; and 8,581 have an exercise price of $3.90 per share. Mr. Ferriolo has also purchased 25,765 shares of Common Stock (the Brokerage Shares) through a brokerage account, using personal funds.
Item 4. | Purpose of Transaction. |
The Reporting Persons acquired the Warrant, the Note, the Bentley Options, the Ferriolo Options and the Brokerage Shares for investment purposes.
Pursuant to the Purchase Agreement, the Issuer and the Reporting Persons entered into a Shareholders Agreement, dated September 16, 2010 (the Shareholders Agreement), pursuant to which the Issuer has granted to the Reporting Persons certain demand and piggyback registration rights, and the Reporting Persons granted the Issuer a proxy for the Warrant Shares and Note Shares, as described in Item 6 below. The Shareholders Agreement also places certain restrictions on the transfer of the Warrant Shares and the Note Shares, some of which restrictions will cease on September 16, 2013.
The foregoing description of the Shareholders Agreement is qualified in its entirety by reference to the full text of such document, which is an exhibit to the Issuers Quarterly Report on Form 10-Q, filed with the SEC on November 12, 2010, and which by this reference is incorporated herein.
Each of the Reporting Persons reserves the right, in light of an ongoing evaluation of the Issuers financial condition, business, operations and prospects, the market price of the Common Stock, conditions in the securities markets generally, general economic and industry conditions, their business objectives and other relevant factors, at any time to change plans and intentions regarding the investment in the Issuer described in this Schedule 13D, as deemed appropriate. Such changes may include, and each of the Reporting Persons reserves the right to effect (or seek to effect), at any time and from time to time in any single transaction or series of transactions, in each case subject to any applicable legal and contractual restrictions on his or its ability to do so, any or all of the following actions:
(a) | purchasing additional shares of Common Stock or other Issuer securities on the open market, in privately negotiated transactions, or otherwise; |
(b) | selling some or all of the Reporting Persons shares of Common Stock or other Issuer securities on the open market, in privately negotiated transactions, or otherwise; |
(c) | extraordinary corporate transactions, including, without limitation, mergers, acquisitions, dispositions, recapitalizations, sales or transfers of assets, reorganizations or liquidations involving the Issuer; |
(d) | sale or transaction of a material amount of assets of the Issuer; |
(e) | compositional changes to the board of directors or management of the Issuer; |
(f) | material changes in the present capitalization or dividend policy of the Issuer; |
(g) | material changes in the Issuers business or corporate structure; |
CUSIP No. 05275N106 | Schedule 13D | Page 9 of 12 Pages |
(h) | changes to the Issuers certificate of incorporation, bylaws and other organizational documents; |
(i) | causing a class of securities of the Issuer to be delisted from a national securities exchange; |
(j) | causing a class of securities of the Issuer to be eligible for termination of registration pursuant to Section 12(g) of the Exchange Act; or |
(k) | taking all such additional actions as the Reporting Persons deem necessary or advisable to effectuate the foregoing objectives, and which the Reporting Persons believe are reasonably related thereto. |
Item 5. | Interest in Securities of the Issuer. |
(a), (b) The percentages used herein are calculated based upon the 8,863,400 shares of Common Stock reported by the Issuer to be outstanding on April 29, 2013 in its Quarterly Report on Form 10-Q filed with the SEC on May 2, 2013. For the purposes of calculating the percentage of outstanding Common Stock beneficially owned by the Reporting Persons as described in this Schedule 13D, such outstanding shares are increased by the 400,000 Warrant Shares for each of the Reporting Persons, by the 69,875 Ferriolo Options for Mr. Ferriolo, and by the 58,785 Bentley Options for Mr. Bentley, which shares of Common Stock are deemed to be outstanding for these calculation purposes. This brings the total outstanding shares of Common Stock to 9,263,400 shares for Atrop, IBBF and the Bentley Trust, 9,322,185 shares for Mr. Bentley, and 9,333,275 shares for Mr. Ferriolo. The calculations in this Item 5 have been made in accordance with Rule 13d-3(d)(1) under the Exchange Act.
Atrop and IBBF hold title to the Warrant, and assuming the conversion in full of the Warrant, Atrop and IBBF may be deemed to be the beneficial owners of the Warrant Shares, constituting approximately 4.32% of the outstanding shares of Common Stock. Atrop and IBBF have shared power to vote or to direct the vote of (and the power to dispose or direct the disposition of) the Warrant Shares upon exercise of the Warrant, subject to the proxy and certain other restrictions pursuant to the Shareholders Agreement described in Item 6, the Issuers Securities Trading Policy, available on Issuers website, that, among other things, prohibits trading in Issuer securities unless the Issuer has opened a trading window during which trading in the Issuers securities may take place, and the right granted to Mr. Bentleys former spouse described in Item 6.
Mr. Ferriolo, as a director, officer and fifty percent (50%) shareholder of each of Atrop and IBBF, may be deemed to have beneficial ownership of, and shared power to vote and dispose of, the Warrant Shares, subject to the proxy and certain other restrictions pursuant to the Shareholders Agreement described in Item 6, the Issuers Securities Trading Policy, and the right granted to Mr. Bentleys former spouse described in Item 6. In addition, Mr. Ferriolo is the owner of, and has the sole power to vote and dispose of, the Ferriolo Options upon conversion, and the Brokerage Shares. Mr. Ferriolo may be deemed to be the beneficial owner of shares constituting approximately 5.31% of the outstanding shares of Common Stock.
Mr. Bentley, as a director and officer of Atrop and IBBF, and trustee and beneficiary of the Bentley Trust, which is a fifty percent (50%) shareholder of each of Atrop and IBBF, may be deemed to have beneficial ownership of, and shared power to vote and dispose of, the Warrant Shares, subject to the proxy and certain other restrictions pursuant to the Shareholders Agreement described in Item 6, the Issuers Securities Trading Policy, and the right granted to Mr. Bentleys former spouse described in Item 6. In addition, Mr. Bentley is the owner of, and has the sole power to vote and dispose of, the Bentley Options upon conversion. Mr. Bentley may be deemed to be the beneficial owner of shares constituting approximately 4.92% of the outstanding shares of Common Stock.
The Bentley Trust, as a fifty percent (50%) shareholder of each of Atrop and IBBF, may be deemed to have beneficial ownership of, and shared power to vote and dispose of, the Warrant Shares, subject to the proxy and certain other restrictions pursuant to the Shareholders Agreement described in Item 6, the Issuers Securities Trading Policy, and the right granted to Mr. Bentleys former spouse described in Item 6. The Warrant Shares constitute approximately 4.32% of the outstanding shares of Common Stock.
Each of the Reporting Persons disclaims beneficial ownership of the Warrant Shares except to the extent of their pecuniary interest therein.
CUSIP No. 05275N106 | Schedule 13D | Page 10 of 12 Pages |
(c) Not applicable.
(d) Not applicable.
(e) Not applicable.
Item 6. | Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. |
The responses to Item 2, Item 4 and Item 5 are incorporated herein by this reference. Pursuant to the Shareholders Agreement, Atrop and IBBF granted an irrevocable proxy to the Issuer through its officers to vote the Warrant Shares (and the Note Shares) in a manner consistent with the recommendations of management. The Warrant Shares (and the Note Shares) are also subject to certain restrictions on transfer pursuant to the Shareholders Agreement, including certain rights of first refusal, some of which expire on September 16, 2013.
The foregoing description of the Shareholders Agreement does not purport to be complete, and is subject to, and qualified in its entirety by reference to, the full text of the Shareholders Agreement, which is attached as an exhibit to the Issuers Quarterly Report on Form 10-Q, filed with the SEC on November 12, 2010.
Pursuant to a divorce settlement agreement, Mr. Bentley granted certain rights to his former spouse with respect to 50,000 of the Warrant Shares. Such rights include the ability to direct Mr. Bentley to exercise the Warrant to acquire such 50,000 Warrant Shares, which 50,000 Warrant Shares would then be registered in her name upon exercise, subject to certain restrictions pursuant to the Shareholders Agreement described in Item 6.
Except as set forth in response to those Items of this Schedule 13D and the agreements which are set forth as exhibits hereto, and incorporated herein by this reference, to the best knowledge of the Reporting Persons, there are no other contracts, arrangements, understandings or relationships (legal or otherwise) among the Reporting Persons and between such Reporting Persons and any person with respect to any securities of the Issuer, including transfer or voting of any of the securities of the Issuer, finders fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies, or a pledge or contingency the occurrence of which would give another person voting power over the securities of the Issuer.
Item 7. | Material to be Filed as Exhibits. |
Exhibit 1. | Joint Filing Agreement, dated July 26, 2013, among the Reporting Persons relating to the filing of a joint statement on Schedule 13D. | |
Exhibit 2. | Purchase Agreement, dated September 16, 2010, which is incorporated by reference to Exhibit 2.1 to the Issuers Quarterly Report on Form 10-Q filed with the SEC on November 12, 2010. | |
Exhibit 3. | Warrant, dated September 16, 2010, which is incorporated by reference to Exhibit 4.6 to the Issuers Quarterly Report on Form 10-Q filed with the SEC on November 12, 2010. | |
Exhibit 4. | Note, dated September 16, 2010, which is incorporated by reference to Exhibit 4.5 to the Issuers Quarterly Report on Form 10-Q filed with the SEC on November 12, 2010. | |
Exhibit 5. | Shareholders Agreement, dated September 16, 2010, which is incorporated by reference to Exhibit 4.7 to the Issuers Quarterly Report on Form 10-Q filed with the SEC on November 12, 2010. | |
Exhibit 6. | Power of Attorney executed by Atrop, Inc., dated July 26, 2013. | |
Exhibit 7. | Power of Attorney executed by IBBF, Inc., dated July 26, 2013. | |
Exhibit 8. | Power of Attorney executed by William Ferriolo, dated July 26, 2013. |
CUSIP No. 05275N106 | Schedule 13D | Page 11 of 12 Pages |
Exhibit 9. | Power of Attorney executed by Ian Bentley, dated July 26, 2013. | |
Exhibit 10. | Power of Attorney executed by Ian Bentley Revocable Trust created U/A/D March 1, 2005, dated July 26, 2013. |
CUSIP No. 05275N106 | Schedule 13D | Page 12 of 12 Pages |
SIGNATURES
After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
Dated: July 29, 2013
ATROP, INC. | ||
By: | /s/ Diana L. Hayes | |
Diana L. Hayes, Attorney-in-fact | ||
IBBF VENTURES, INC. | ||
By: | /s/ Diana L. Hayes | |
Diana L. Hayes, Attorney-in-fact | ||
WILLIAM FERRIOLO, individually | ||
/s/ Diana L. Hayes | ||
Diana L. Hayes, Attorney-in-fact | ||
IAN BENTLEY IRREVOCABLE TRUST CREATED U/A/D MARCH 1, 2005 | ||
By: | /s/ Diana L. Hayes | |
Diana L. Hayes, Attorney-in-fact | ||
IAN BENTLEY, individually | ||
/s/ Diana L. Hayes | ||
Diana L. Hayes, Attorney-in-fact |
Exhibit 1.
JOINT FILING AGREEMENT
Each of the undersigned hereby agrees to file jointly the Schedule 13D to which this joint filing agreement is attached, and any amendments to the Schedule 13D (collectively, as so amended, the Schedule 13D) with respect to the Common Stock of Autobytel Inc. which may be deemed necessary, pursuant to the Exchange Act.
It is understood and agreed that each of the parties hereto is responsible for the timely filing of such statement and any future amendments to the Schedule 13D, and for the completeness and accuracy of the information concerning such party contained therein, but such party is not responsible for the completeness or accuracy of information concerning any other party unless such party knows or has reason to believe that such information is inaccurate.
It is understood and agreed that a copy of this joint filing agreement shall be attached as an exhibit to the Schedule 13D, and any future amendments to the Schedule 13D, filed on behalf of each of the parties hereto.
Dated: July 26, 2013
ATROP, INC. | ||
By: | /s/ William Ferriolo | |
William Ferriolo, President | ||
IBBF VENTURES, INC. | ||
By: | /s/ William Ferriolo | |
William Ferriolo, President | ||
WILLIAM FERRIOLO, individually | ||
/s/ William Ferriolo | ||
William Ferriolo | ||
IAN BENTLEY IRREVOCABLE TRUST CREATED U/A/D MARCH 1, 2005 | ||
By: | /s/ Ian Bentley | |
Ian Bentley, Trustee | ||
IAN BENTLEY, individually | ||
/s/ Ian Bentley | ||
Ian Bentley |
Exhibit 6.
POWER OF ATTORNEY
Know all by these presents, that the undersigned hereby constitutes and appoints, each of Richard M. Leisner and Diana L. Hayes, signing singly, the undersigneds true and lawful attorney-in-fact to:
(1) | execute for and on behalf of the undersigned, in the undersigneds capacity as an owner of stock of Autobytel Inc. (the Company), Forms 3, 4, and 5, and amendments thereto, in accordance with Section 16(a) of the Securities Exchange Act of 1934 (the Exchange Act) and the rules thereunder, Schedules 13D and 13G, and amendments thereto, required to be filed pursuant to Section 13(d) of the Exchange Act and the rules thereunder, and any other forms, reports or schedules the undersigned may be required to file in connection with the undersigneds ownership, acquisition, or disposition of securities of the Company; |
(2) | do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Form 3, 4, or 5, any such amendment thereto, any such Schedule 13D or 13G, any such amendment thereto, or any other form, report or schedule, and timely file such form, report or schedule with the United States Securities and Exchange Commission and any stock exchange or similar authority; and |
(3) | take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this power of attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-facts discretion. |
The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-facts substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming any of the undersigneds responsibilities to comply with Section 16 of the Exchange Act or Section 13 of the Exchange Act.
This power of attorney shall remain in full force and effect until the later of when (i) the undersigned is no longer required to file Forms 3, 4, and 5, and amendments thereto, with respect to the undersigneds holdings of and transactions in securities issued by the Company or (ii) the undersigned is no longer required to file Schedules 13D and 13G, and amendments thereto, with respect to the undersigneds holdings of and transactions in securities issued by the Company, unless this power of attorney is earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact.
IN WITNESS WHEREOF, the undersigned has caused this power of attorney to be executed effective as of the 26th day of July, 2013.
Atrop, Inc. | ||
By: | /s/ William Ferriolo | |
William Ferriolo, President |
Exhibit 7.
POWER OF ATTORNEY
Know all by these presents, that the undersigned hereby constitutes and appoints, each of Richard M. Leisner and Diana L. Hayes, signing singly, the undersigneds true and lawful attorney-in-fact to:
(1) | execute for and on behalf of the undersigned, in the undersigneds capacity as an owner of stock of Autobytel Inc. (the Company), Forms 3, 4, and 5, and amendments thereto, in accordance with Section 16(a) of the Securities Exchange Act of 1934 (the Exchange Act) and the rules thereunder, Schedules 13D and 13G, and amendments thereto, required to be filed pursuant to Section 13(d) of the Exchange Act and the rules thereunder, and any other forms, reports or schedules the undersigned may be required to file in connection with the undersigneds ownership, acquisition, or disposition of securities of the Company; |
(2) | do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Form 3, 4, or 5, any such amendment thereto, any such Schedule 13D or 13G, any such amendment thereto, or any other form, report or schedule, and timely file such form, report or schedule with the United States Securities and Exchange Commission and any stock exchange or similar authority; and |
(3) | take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this power of attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-facts discretion. |
The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-facts substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming any of the undersigneds responsibilities to comply with Section 16 of the Exchange Act or Section 13 of the Exchange Act.
This power of attorney shall remain in full force and effect until the later of when (i) the undersigned is no longer required to file Forms 3, 4, and 5, and amendments thereto, with respect to the undersigneds holdings of and transactions in securities issued by the Company or (ii) the undersigned is no longer required to file Schedules 13D and 13G, and amendments thereto, with respect to the undersigneds holdings of and transactions in securities issued by the Company, unless this power of attorney is earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact.
IN WITNESS WHEREOF, the undersigned has caused this power of attorney to be executed effective as of the 26th day of July, 2013.
IBBF, Inc. | ||
By: | /s/ William Ferriolo | |
William Ferriolo, President |
Exhibit 8.
POWER OF ATTORNEY
Know all by these presents, that the undersigned hereby constitutes and appoints, each of Richard M. Leisner and Diana L. Hayes, signing singly, the undersigneds true and lawful attorney-in-fact to:
(1) | execute for and on behalf of the undersigned, in the undersigneds capacity as an owner of stock, officer and/or director of Autobytel Inc. (the Company), Forms 3, 4, and 5, and amendments thereto, in accordance with Section 16(a) of the Securities Exchange Act of 1934 (the Exchange Act) and the rules thereunder, Schedules 13D and 13G, and amendments thereto, required to be filed pursuant to Section 13(d) of the Exchange Act and the rules thereunder, and any other forms, reports or schedules the undersigned may be required to file in connection with the undersigneds ownership, acquisition, or disposition of securities of the Company; |
(2) | do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Form 3, 4, or 5, any such amendment thereto, any such Schedule 13D or 13G, any such amendment thereto, or any other form, report or schedule, and timely file such form, report or schedule with the United States Securities and Exchange Commission and any stock exchange or similar authority; and |
(3) | take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this power of attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-facts discretion. |
The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-facts substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming any of the undersigneds responsibilities to comply with Section 16 of the Exchange Act or Section 13 of the Exchange Act.
This power of attorney shall remain in full force and effect until the later of when (i) the undersigned is no longer required to file Forms 3, 4, and 5, and amendments thereto, with respect to the undersigneds holdings of and transactions in securities issued by the Company or (ii) the undersigned is no longer required to file Schedules 13D and 13G, and amendments thereto, with respect to the undersigneds holdings of and transactions in securities issued by the Company, unless this power of attorney is earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact.
IN WITNESS WHEREOF, the undersigned has caused this power of attorney to be executed effective as of the 26th day of July, 2013.
/s/ William Ferriolo |
William Ferriolo |
Exhibit 9.
POWER OF ATTORNEY
Know all by these presents, that the undersigned hereby constitutes and appoints, each of Richard M. Leisner and Diana L. Hayes, signing singly, the undersigneds true and lawful attorney-in-fact to:
(1) | execute for and on behalf of the undersigned, in the undersigneds capacity as an owner of stock, officer and/or director of Autobytel Inc. (the Company), Forms 3, 4, and 5, and amendments thereto, in accordance with Section 16(a) of the Securities Exchange Act of 1934 (the Exchange Act) and the rules thereunder, Schedules 13D and 13G, and amendments thereto, required to be filed pursuant to Section 13(d) of the Exchange Act and the rules thereunder, and any other forms, reports or schedules the undersigned may be required to file in connection with the undersigneds ownership, acquisition, or disposition of securities of the Company; |
(2) | do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Form 3, 4, or 5, any such amendment thereto, any such Schedule 13D or 13G, any such amendment thereto, or any other form, report or schedule, and timely file such form, report or schedule with the United States Securities and Exchange Commission and any stock exchange or similar authority; and |
(3) | take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this power of attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-facts discretion. |
The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-facts substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming any of the undersigneds responsibilities to comply with Section 16 of the Exchange Act or Section 13 of the Exchange Act.
This power of attorney shall remain in full force and effect until the later of when (i) the undersigned is no longer required to file Forms 3, 4, and 5, and amendments thereto, with respect to the undersigneds holdings of and transactions in securities issued by the Company or (ii) the undersigned is no longer required to file Schedules 13D and 13G, and amendments thereto, with respect to the undersigneds holdings of and transactions in securities issued by the Company, unless this power of attorney is earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact.
IN WITNESS WHEREOF, the undersigned has caused this power of attorney to be executed effective as of the 26th day of July, 2013.
/s/ Ian Bentley |
Ian Bentley |
Exhibit 10.
POWER OF ATTORNEY
Know all by these presents, that the undersigned hereby constitutes and appoints, each of Richard M. Leisner and Diana L. Hayes, signing singly, the undersigneds true and lawful attorney-in-fact to:
(1) | execute for and on behalf of the undersigned, in the undersigneds capacity as an owner of stock, officer and/or director of Autobytel Inc. (the Company), Forms 3, 4, and 5, and amendments thereto, in accordance with Section 16(a) of the Securities Exchange Act of 1934 (the Exchange Act) and the rules thereunder, Schedules 13D and 13G, and amendments thereto, required to be filed pursuant to Section 13(d) of the Exchange Act and the rules thereunder, and any other forms, reports or schedules the undersigned may be required to file in connection with the undersigneds ownership, acquisition, or disposition of securities of the Company; |
(2) | do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Form 3, 4, or 5, any such amendment thereto, any such Schedule 13D or 13G, any such amendment thereto, or any other form, report or schedule, and timely file such form, report or schedule with the United States Securities and Exchange Commission and any stock exchange or similar authority; and |
(3) | take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this power of attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-facts discretion. |
The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-facts substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming any of the undersigneds responsibilities to comply with Section 16 of the Exchange Act or Section 13 of the Exchange Act.
This power of attorney shall remain in full force and effect until the later of when (i) the undersigned is no longer required to file Forms 3, 4, and 5, and amendments thereto, with respect to the undersigneds holdings of and transactions in securities issued by the Company or (ii) the undersigned is no longer required to file Schedules 13D and 13G, and amendments thereto, with respect to the undersigneds holdings of and transactions in securities issued by the Company, unless this power of attorney is earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact.
IN WITNESS WHEREOF, the undersigned has caused this power of attorney to be executed effective as of the 26th day of July, 2013.
Ian Bentley Irrevocable Trust Created U/A/D March 1, 2005 | ||
By: | /s/ Ian Bentley | |
Ian Bentley, Trustee |