SECURITIES AND EXCHANGE COMMISSION
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Washington, D.C. 20549
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_______________
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SCHEDULE 13D
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(Rule 13d-101)
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INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. ___)*
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Under the Securities Exchange Act of 1934
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(Amendment No. )*
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Ruby Tuesday, Inc.
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(Name of Issuer)
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Common Stock, par value $0.01 per share
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(Title of Class of Securities)
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781182100
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(CUSIP Number)
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Steven J. Pully
Carlson Capital, L.P.
2100 McKinney Avenue
Dallas, TX 75201
(214) 932-9600
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with a copy to:
David E. Rosewater
Schulte Roth & Zabel LLP
919 Third Avenue
New York, New York 10022
(212) 756-2000
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
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June 7, 2011
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(Date of Event which Requires Filing of this Schedule)
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CUSIP No. 781182100
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SCHEDULE 13D
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Page 2 of 12 Pages
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1
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NAME OF REPORTING PERSONS, I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY) Double Black Diamond Offshore Ltd.
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|||
2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a) x
(b) ¨
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||
3
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SEC USE ONLY
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|||
4
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SOURCE OF FUNDS
WC
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|||
5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
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¨
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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|||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
7
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SOLE VOTING POWER
0
|
||
8
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SHARED VOTING POWER
3,071,255
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|||
9
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SOLE DISPOSITIVE POWER
0
|
|||
10
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SHARED DISPOSITIVE POWER
3,071,255
|
|||
11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
3,071,255
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|||
12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
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¨
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.7%
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14
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TYPE OF REPORTING PERSON
CO
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CUSIP No. 781182100
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SCHEDULE 13D
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Page 3 of 12 Pages
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1
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NAME OF REPORTING PERSONS, I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY) Black Diamond Offshore Ltd
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
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(a) x
(b) ¨
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||
3
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SEC USE ONLY
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|||
4
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SOURCE OF FUNDS
WC
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|||
5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
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¨
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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|||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
7
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SOLE VOTING POWER
0
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||
8
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SHARED VOTING POWER
178,745
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|||
9
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SOLE DISPOSITIVE POWER
0
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|||
10
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SHARED DISPOSITIVE POWER
178,745
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|||
11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
178,745
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|||
12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
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¨
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3%
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14
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TYPE OF REPORTING PERSON
CO
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CUSIP No. 781182100
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SCHEDULE 13D
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Page 4 of 12 Pages
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1
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NAME OF REPORTING PERSONS, I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY) Carlson Capital, L.P.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
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(a) x
(b) ¨
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3
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SEC USE ONLY
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|||
4
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SOURCE OF FUNDS
AF (See Item 3)
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
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¨
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
|||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
7
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SOLE VOTING POWER
0
|
||
8
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SHARED VOTING POWER
3,250,000
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|||
9
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SOLE DISPOSITIVE POWER
0
|
|||
10
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SHARED DISPOSITIVE POWER
3,250,000
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|||
11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
3,250,000
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|||
12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
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¨
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.0%
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14
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TYPE OF REPORTING PERSON
PN
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CUSIP No. 781182100
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SCHEDULE 13D
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Page 5 of 12 Pages
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1
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NAME OF REPORTING PERSONS, I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY) Asgard Investment Corp.
|
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a) x
(b) ¨
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||
3
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SEC USE ONLY
|
|||
4
|
SOURCE OF FUNDS
AF (See Item 3)
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|||
5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
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¨
|
||
6
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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
3,250,000
|
|||
9
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SOLE DISPOSITIVE POWER
0
|
|||
10
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SHARED DISPOSITIVE POWER
3,250,000
|
|||
11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
3,250,000
|
|||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|
¨
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||
13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.0%
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|||
14
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TYPE OF REPORTING PERSON*
CO
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CUSIP No. 781182100
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SCHEDULE 13D
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Page 6 of 12 Pages
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1
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NAME OF REPORTING PERSONS, I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY) Clint D. Carlson
|
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a) x
(b) ¨
|
||
3
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SEC USE ONLY
|
|||
4
|
SOURCE OF FUNDS
AF (See Item 3)
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|||
5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
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¨
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
USA
|
|||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
7
|
SOLE VOTING POWER
0
|
||
8
|
SHARED VOTING POWER
3,250,000
|
|||
9
|
SOLE DISPOSITIVE POWER
0
|
|||
10
|
SHARED DISPOSITIVE POWER
3,250,000
|
|||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
3,250,000
|
|||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|
¨
|
||
13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.0%
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|||
14
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TYPE OF REPORTING PERSON*
IN
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CUSIP No. 781182100
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SCHEDULE 13D
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Page 7 of 12 Pages
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Item 1.
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SECURITY AND ISSUER.
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Item 2.
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IDENTITY AND BACKGROUND.
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CUSIP No. 781182100
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SCHEDULE 13D
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Page 8 of 12 Pages
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Item 3.
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SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
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Item 4.
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PURPOSE OF THE TRANSACTION.
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CUSIP No. 781182100
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SCHEDULE 13D
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Page 9 of 12 Pages
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Item 5.
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INTEREST IN SECURITIES OF THE ISSUER.
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Item 6.
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CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.
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CUSIP No. 781182100
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SCHEDULE 13D
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Page 10 of 12 Pages
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Item 7.
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MATERIAL TO BE FILED AS EXHIBITS.
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Exhibit
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Description
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1
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Notice, dated June 1, 2011, from Becker Drapkin Partners (QP), L.P. and Becker Drapkin Partners, L.P. to the Vice President, General Counsel and Secretary of Ruby Tuesday, Inc.
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2
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Group Agreement, dated June 16, 2011, by and among Becker Drapkin Management, L.P., Becker Drapkin Partners (QP), L.P., Becker Drapkin Partners, L.P., BC Advisors, LLC, Steven R. Becker, Matthew A. Drapkin, Double Black Diamond Offshore Ltd., Black Diamond Offshore Ltd., Carlson Capital, L.P., Asgard Investment Corp., Clint D. Carlson and Michael Brodsky.
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3
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Joint Filing Agreement, dated June 17, 2011.
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CUSIP No. 781182100
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SCHEDULE 13D
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Page 11 of 12 Pages
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DOUBLE BLACK DIAMOND OFFSHORE LTD.
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By:
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Carlson Capital, L.P.,
its investment manager |
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By:
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/s/ Clint D. Carlson
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Name:
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Clint D. Carlson
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Title:
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President
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BLACK DIAMOND OFFSHORE LTD.
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By:
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Carlson Capital, L.P.,
its investment manager |
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By: |
/s/ Clint D. Carlson
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Name:
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Clint D. Carlson
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Title:
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President
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CARLSON CAPITAL, L.P.
|
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By:
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/s/ Clint D. Carlson
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Name:
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Clint D. Carlson
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Title:
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President
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CUSIP No. 781182100
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SCHEDULE 13D
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Page12 of 12 Pages
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ASGARD INVESTMENT CORP.
|
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By:
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/s/ Clint D. Carlson
|
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Name:
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Clint D. Carlson
|
||
Title:
|
President
|
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By:
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/s/ Clint D. Carlson
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||
Name:
|
Clint D. Carlson
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||
Name
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Position
|
Principal Occupation
|
Citizenship
|
Clint Carlson
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Director/President
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Investment Manager
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United States
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Nancy Carlson
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Secretary/Treasurer
|
Executive
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United States
|
Double Black Diamond Offshore Ltd.
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Trade Date
|
Amount Purchased (Sold)
|
Price per Share ($)
|
04/18/11
|
3,875
|
10.9506
|
04/19/11
|
3,213
|
10.8101
|
04/21/11
|
25,042
|
10.9303
|
04/27/11
|
38,651
|
10.5529
|
04/28/11
|
14,931
|
10.5225
|
05/10/11
|
(1,985)
|
10.5762
|
05/11/11
|
(2,741)
|
10.3992
|
05/12/11
|
(5,953)
|
10.4586
|
05/13/11
|
10,022
|
10.4361
|
05/13/11
|
23,093
|
10.5057
|
05/13/11
|
16,025
|
10.5315
|
05/13/11
|
60,764
|
10.4708
|
05/16/11
|
66,150
|
10.4808
|
05/16/11
|
113,306
|
10.4742
|
05/17/11
|
11
|
10.48
|
05/17/11
|
29,001
|
10.3763
|
05/17/11
|
40
|
10.59
|
05/17/11
|
5,387
|
10.4672
|
05/17/11
|
100,933
|
10.5228
|
05/17/11
|
92,137
|
10.4255
|
05/17/11
|
48
|
10.64
|
05/18/11
|
23,625
|
10.56
|
05/18/11
|
37,989
|
10.5655
|
05/18/11
|
61,992
|
10.5646
|
05/18/11
|
12
|
10.69
|
05/18/11
|
29,378
|
10.5968
|
05/19/11
|
79,852
|
10.7677
|
05/19/11
|
8,128
|
10.6907
|
05/19/11
|
1,437
|
10.7496
|
05/19/11
|
30,524
|
10.6754
|
05/19/11
|
32
|
10.89
|
05/19/11
|
30,094
|
10.8436
|
05/20/11
|
92,042
|
10.8669
|
05/20/11
|
57
|
10.97
|
05/20/11
|
139,189
|
10.9055
|
05/20/11
|
14,412
|
10.8
|
05/23/11
|
3,402
|
10.8329
|
05/23/11
|
62,937
|
10.7783
|
05/23/11
|
82
|
10.82
|
05/23/11
|
44,900
|
10.8078
|
05/24/11
|
210,735
|
10.6
|
05/24/11
|
94,501
|
10.62
|
05/24/11
|
64,921
|
10.574
|
05/25/11
|
16,570
|
10.5517
|
05/25/11
|
91
|
10.7236
|
05/25/11
|
40,134
|
10.7143
|
05/26/11
|
24,287
|
10.8215
|
05/27/11
|
39,273
|
10.8132
|
05/27/11
|
94
|
10.8
|
05/27/11
|
94
|
10.8473
|
05/27/11
|
37,084
|
10.8441
|
05/31/11
|
118,125
|
10.5981
|
05/31/11
|
88,263
|
10.594
|
06/01/11
|
21,524
|
10.2031
|
06/01/11
|
81,836
|
10.1515
|
06/03/11
|
71,820
|
9.7078
|
06/06/11
|
118,125
|
9.7572
|
06/06/11
|
22,680
|
9.8169
|
06/07/11
|
727
|
9.8365
|
06/07/11
|
397
|
9.8929
|
06/07/11
|
94,499
|
9.8309
|
06/07/11
|
103,155
|
9.8229
|
06/07/11
|
50,630
|
9.8394
|
06/08/11
|
14,270
|
9.7279
|
06/08/11
|
189
|
9.69
|
06/08/11
|
80,041
|
9.6158
|
06/09/11
|
99,171
|
9.5755
|
06/09/11
|
42,579
|
9.5453
|
06/10/11
|
662
|
9.3857
|
06/13/11
|
78,624
|
9.5878
|
06/13/11
|
33,075
|
9.5925
|
06/14/11
|
1,418
|
10
|
06/14/11
|
38,846
|
10.0518
|
06/14/11
|
54,236
|
10.0171
|
06/15/11
|
94,500
|
9.9512
|
06/16/11
|
2,835
|
9.976
|
06/16/11
|
11,340
|
9.9537
|
Black Diamond Offshore Ltd.
|
||
Trade Date
|
Amount Purchased (Sold)
|
Price per Share ($)
|
04/18/11 | 225 | 10.9506 |
04/19/11 | 187 | 10.8101 |
04/21/11 | 1,458 | 10.9303 |
04/27/11
|
2,249
|
10.5529
|
04/28/11
|
869
|
10.5225
|
05/10/11
|
(115)
|
10.5762
|
05/11/11
|
(159)
|
10.3992
|
05/12/11
|
(347)
|
10.4586
|
05/13/11
|
584
|
10.4361
|
05/13/11
|
1,343
|
10.5057
|
05/13/11
|
933
|
10.5315
|
05/13/11
|
3,536
|
10.4708
|
05/16/11
|
3,850
|
10.4808
|
05/16/11
|
6,594
|
10.4742
|
05/17/11
|
1
|
10.48
|
05/17/11
|
1,687
|
10.3763
|
05/17/11
|
3
|
10.59
|
05/17/11
|
313
|
10.4672
|
05/17/11
|
5,874
|
10.5228
|
05/17/11
|
5,363
|
10.4255
|
05/17/11
|
2
|
10.64
|
05/18/11
|
1,375
|
10.56
|
05/18/11
|
2,211
|
10.5655
|
05/18/11
|
3,608
|
10.5646
|
05/18/11
|
1,710
|
10.5968
|
05/19/11
|
4,648
|
10.7677
|
05/19/11
|
472
|
10.6907
|
05/19/11
|
84
|
10.7496
|
05/19/11
|
1,776
|
10.6754
|
05/19/11
|
2
|
10.89
|
05/19/11
|
1,751
|
10.8436
|
05/20/11
|
5,358
|
10.8669
|
05/20/11
|
3
|
10.97
|
05/20/11
|
8,101
|
10.9055
|
05/20/11
|
838
|
10.8
|
05/23/11
|
198
|
10.8329
|
05/23/11
|
3,663
|
10.7783
|
05/23/11
|
5
|
10.82
|
05/23/11
|
2,613
|
10.8078
|
05/24/11
|
12,265
|
10.6
|
05/24/11
|
5,499
|
10.62
|
05/24/11
|
3,779
|
10.574
|
05/25/11
|
964
|
10.5517
|
05/25/11
|
6
|
10.7236
|
05/25/11
|
2,335
|
10.7143
|
05/26/11
|
1,413
|
10.8215
|
05/27/11
|
2,285
|
10.8132
|
05/27/11
|
6
|
10.8
|
05/27/11
|
5
|
10.8473
|
05/27/11
|
2,159
|
10.8441
|
05/31/11
|
6,875
|
10.5981
|
05/31/11
|
5,137
|
10.594
|
06/01/11
|
1,252
|
10.2031
|
06/01/11
|
4,764
|
10.1515
|
06/03/11
|
4,180
|
9.7078
|
06/06/11
|
6,875
|
9.7572
|
06/06/11
|
1,320
|
9.8169
|
06/07/11
|
41
|
9.8365
|
06/07/11
|
23
|
9.8929
|
06/07/11
|
5,501
|
9.8309
|
06/07/11
|
6,005
|
9.8229
|
06/07/11
|
2,946
|
9.8394
|
06/08/11
|
830
|
9.7279
|
06/08/11
|
11
|
9.69
|
06/08/11
|
4,659
|
9.6158
|
06/09/11
|
5,772
|
9.5755
|
06/09/11
|
2,478
|
9.5453
|
06/10/11
|
38
|
9.3857
|
06/13/11
|
4,576
|
9.5878
|
06/13/11
|
1,925
|
9.5925
|
06/14/11
|
83
|
10
|
06/14/11
|
2,260
|
10.0518
|
06/14/11
|
3,157
|
10.0171
|
06/15/11
|
5,500
|
9.9512
|
06/16/11
|
165
|
9.976
|
06/16/11
|
660
|
9.9537
|
Re:
|
Director Nominees for 2011 Annual Meeting of Ruby Tuesday, Inc.
|
/s/ Steven R. Becker
|
|
Steven R. Becker
|
|
Becker Drapkin Management, L.P.
|
|
/s/ Matthew A. Drapkin
|
|
Matthew A. Drapkin
|
|
Becker Drapkin Management, L.P.
|
1.
|
The business address of the Record Holders, as we believe it appears on the Company’s books, is 300 Crescent Court, Suite 1111, Dallas, TX 75201. The business address of Mr. Becker and Mr. Drapkin is 300 Crescent Court, Suite 1111, Dallas, TX 75201. The business address of Mr. Brodsky is 1740 N St. NW, Washington, DC 20036.
|
2.
|
Becker Drapkin QP represents that it is the holder of record of 850 shares of common stock, $0.01 par value per share, of the Company (the “Common Stock”) which are entitled to vote at the Annual Meeting. Becker Drapkin, L.P. represents that it is the holder of record of 150 shares of Common Stock which are entitled to vote at the Annual Meeting. The Record Holders represent that they intend to appear in person or by proxy at the Annual Meeting to nominate the Nominees.
|
3.
|
Mr. Becker and Mr. Drapkin are the Co-Managing Members of BC Advisors, LLC (“BC Advisors”), which is the general partner of Becker Drapkin Management, L.P. (“BD Management”). BD Management is the investment manager for and general partner of the Record Holders. Mr. Becker and Mr. Drapkin are parties to that certain Group Agreement dated May 13, 2011, by and among the Record Holders, BD Management, BC Advisors, Double Black Diamond Offshore Ltd. (“Double Black Diamond”), Black Diamond Offshore Ltd. (“Black Diamond”), Carlson Capital, L.P. (“Carlson Capital”), Asgard Investment Corp. (“Asgard”) and Clint D. Carlson (“Carlson” and collectively with such other parties thereto, the “Group Members”) and attached as Annex A hereto (the “Group Agreement”). Pursuant to the Group Agreement, the Group Members have agreed that the Group Members will coordinate their actions with respect to certain discussions with the Company, including discussions related to this Notice. Other than the foregoing and as described in this Notice, there are no arrangements or understandings between the Record Holders and any of the Nominees and any other person pursuant to which the nomination of the Nominees is to be made by the Record Holders.
|
4.
|
Information regarding each Nominee required to be disclosed pursuant to Section (a)(4)(D) of Article VII of the Articles is set forth in Exhibit A and Exhibit B hereto.
|
5.
|
Annex B hereto sets forth each Nominee’s written consent to serve as a director of the Company if so elected.
|
1.
|
The Record Holders intend to nominate the Nominees for election at the Annual Meeting because the Record Holders believe the Nominees have the qualifications and experience required to be successful members of the Board.
|
2.
|
Becker Drapkin QP directly beneficially owns and has the power to vote or to direct the vote of 174,485 shares of Common Stock and 1,743 call options, exercisable for 174,300 shares of Common Stock. Becker Drapkin, L.P. directly beneficially owns and has the power to vote or to direct the vote of 30,315 shares of Common Stock and 257 call options, exercisable for 25,700 shares of Common Stock. Such shares and call options directly beneficially owned by Becker Drapkin QP or Becker Drapkin, L.P. are referred to as the “Record Holders Shares”. BD Partners III, L.P. (“BD Partners III”), of which BD Management is also the investment manager and general partner, directly beneficially owns and has the power to vote or to direct the vote of 35,600 shares of Common Stock, and BD Management, through a separate managed account on behalf of an investment advisory client (the “Managed Account”), beneficially owns and has the power to vote or to direct the vote of 337,700 shares of Common Stock; however, the Record Holders disclaim beneficial ownership of any shares of Common Stock beneficially owned by BD Partners III or BD Management. Pursuant to the Group Agreement, the Group Members may be deemed to be a “group” pursuant to Rule 13d−5(b)(1) promulgated under the Securities Exchange Act of 1934 (the “Exchange Act”) and the Record Holders may be deemed to beneficially own 2,645,900 shares of Common Stock and 2,000 call options exercisable for 200,000 shares of Common Stock beneficially owned by the Group Members (the “Group Shares”); however, the Record Holders disclaim beneficial ownership of the Group Shares (other than the Record Holders Shares). Other than as disclosed in this Notice, the Record Holders do not hold any other securities or rights described under Section II.9(e)(iii) of the Bylaws.
|
3.
|
In any proxy statement filed by the Record Holders, the Record Holders, the Nominees, BD Partners III and the other Group Members along with their respective affiliates may be considered “Participants” under the Exchange Act and the rules related to proxy statements promulgated thereunder.
|
4.
|
Other than as disclosed in this Notice, the Participants do not have any financial or other material interest in the nomination or election of the Nominees to the Board.
|
|
5.
|
It is anticipated that certain regular employees of the applicable Participants would also participate in the solicitation of proxies in support of the Nominees. Such employees would receive no additional consideration if they assist in the solicitation of proxies. It is anticipated that proxies would be solicited by mail, courier services, Internet advertising, e-mail, telephone, facsimile or in person. The Participants may retain the services of a professional services firm for consulting and analytic services and solicitation services in connection with the solicitation of proxies. The terms of such engagement, the anticipated costs involved in the solicitation and number of employees or other agents to be employed would be finalized only when such firm is selected and engaged. It is anticipated that the costs related to this solicitation of proxies, including expected expenditures for attorneys, accountants, public relations and financial advisors, proxy solicitors, advertising, printing, transportation and related expenses would be borne by the Participants; however, the Participants may seek reimbursement from the Company for such expenses.
|
6.
|
The business addresses of the Record Holders and the Nominees are as set forth above. The business address of BD Management, BD Partners III and BC Advisors is 300 Crescent Court, Suite 1111, Dallas, TX 75201. The business addresses of Double Black Diamond, Black Diamond, Carlson Capital, Asgard and Carlson is 2100 McKinney Avenue, Dallas, TX 75201.
|
7.
|
The principal business of the Record Holders and BD Partners III (collectively, the “Becker Drapkin Funds”) is acquiring and holding securities for investment purposes. The principal business of BD Management is acting as the general partner of, and investment manager for, the Becker Drapkin Funds and the Managed Account. The principal business of BC Advisors is serving as the general partner of BD Management. The principal business of Double Black Diamond and Black Diamond is acquiring and holding securities for investment purposes. The principal business of Carlson Capital is serving as investment manager to Double Black Diamond and Black Diamond. The principal business of Asgard is serving as the general partner of Carlson Capital. The principal business of Carlson is serving as president of Asgard. The principal business of each of the Nominees is disclosed in Exhibit B.
|
8.
|
None of the Participants have been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) during the past ten years.
|
9.
|
BD Partners III directly beneficially owns and has the power to vote or to direct the vote of 35,600 shares of Common Stock. BD Management beneficially owns and has the power to vote or to direct the vote of 337,700 shares of Common Stock held in the Managed Account. Double Black Diamond directly beneficially owns and has the power to vote or to direct the vote of 1,954,076 shares of Common Stock. Black Diamond directly beneficially owns and has the power to vote or to direct the vote of 113,724 shares of Common Stock. Pursuant to the Group Agreement, each Group Member may be deemed to beneficially own the Group Shares; however, each Participant disclaims beneficial ownership of the Group Shares (other than those shares directly held by such Participant).
|
10.
|
Information with respect to the securities of the Company purchased or sold by the Participants within the past two years is set forth on Exhibit C hereto.
|
11.
|
The shares listed on Exhibit C were purchased by Double Black Diamond, Black Diamond and Carlson Capital, using borrowed funds pursuant to a margin account (the amount of indebtedness is $15,820,270 with respect to Double Black Diamond and $924,287 with respect to Black Diamond). Other than such shares, no part of the purchase price or market value of any of the securities specified on Exhibit C hereto is represented by funds borrowed or otherwise obtained for the purpose of acquiring or holding such securities.
|
12.
|
The Record Holders and the other Group Members have entered into the Group Agreement which provides that (i) the Group Members will coordinate their actions with respect to certain discussions with the Company, including discussions related to this Notice, (ii) the Group Members will generally consult with each other regarding all purchases and sales of securities of the Company and (iii) Carlson Capital will pay BD Management a performance-based fee. Other than as described in this Notice, none of the Participants are, or were within the past year, a party to any contract, arrangements or understandings with any person with respect to any securities of the Company, including, but not limited to joint ventures, loan or option arrangements, puts or calls, guarantees against loss or guarantees of profit, division of losses, or the giving or withholding of proxies.
|
13.
|
None of the Participants’ associates own beneficially, directly or indirectly, any securities of the Company.
|
14.
|
The Participants do not own beneficially, directly or indirectly, any securities of any parent or subsidiary of the Company.
|
15.
|
There is no transaction, or series of similar transactions, since June 2, 2010, or any currently proposed transaction, or series of similar transactions, to which the Company or any of its subsidiaries was or is to be a party, in which the amount involved exceeds $120,000 and in which the Participants or any associate of the Participants, or any member of the immediate family of the Participants or of any associate of the Participants, had, or will have, a direct or indirect material interest.
|
16.
|
Neither the Participants nor any associate of the Participants have any arrangement or understanding with any person with respect to any future employment by the Company or its affiliates, or with respect to any future transactions to which the Company or any of its affiliates will or may be a party.
|
Becker Drapkin Partners (QP), L.P.
|
||||
|
||||
By:
|
Becker Drapkin Management, L.P., its general partner
|
|||
By:
|
BC Advisors, LLC, its general partner
|
|||
By:
|
/s/ Matthew A. Drapkin
|
|||
Name: Matthew A. Drapkin
|
||||
Title: Co-Managing Member
|
Becker Drapkin Partners, L.P.
|
||||
|
||||
By:
|
Becker Drapkin Management, L.P., its general partner
|
|||
By:
|
BC Advisors, LLC, its general partner
|
|||
By:
|
/s/ Matthew A. Drapkin
|
|||
Name: Matthew A. Drapkin
|
||||
Title: Co-Managing Member
|
DOUBLE BLACK DIAMOND OFFSHORE LTD.
|
|||||
|
|||||
By:
|
Carlson Capital, L.P., its investment manager
|
||||
By:
|
Asgard Investment Corp., its general partner
|
||||
By:
|
/s/ Clint D. Carlson
|
||||
Name: Clint D. Carlson
|
|||||
Title: President
|
|||||
BLACK DIAMOND OFFSHORE LTD.
|
|||||
|
|||||
By:
|
Carlson Capital, L.P., its investment manager
|
||||
By:
|
Asgard Investment Corp., its general partner
|
||||
By:
|
/s/ Clint D. Carlson
|
||||
Name: Clint D. Carlson
|
|||||
Title: President
|
|||||
CARLSON CAPITAL, L.P.
|
|||||
By:
|
Asgard Investment Corp., its general partner
|
||||
By:
|
/s/ Clint D. Carlson | ||||
Name: Clint D. Carlson
|
|||||
Title: President
|
|||||
ASGARD INVESTMENT CORP.
|
|||||
|
|||||
By:
|
/s/ Clint D. Carlson
|
||||
Name: Clint D. Carlson
|
|||||
Title: President
|
|||||
CLINT D. CARLSON
|
|||||
/s/ Clint D. Carlson | |||||
BECKER DRAPKIN MANAGEMENT, L.P.
|
|||||
|
|||||
By:
|
BC Advisors, LLC, its general partner
|
||||
By:
|
/s/ Steven R. Becker | ||||
Name: Steven R. Becker
|
|||||
Title: Co-managing Member
|
|||||
BECKER DRAPKIN PARTNERS (QP), L.P.
|
|||||
By:
|
Becker Drapkin Management, L.P., its general partner
|
||||
By:
|
BC Advisors, LLC, its general partner
|
||||
By:
|
/s/ Steven R. Becker
|
||||
Name: Steven R. Becker
|
|||||
Title: Co-managing Member
|
|||||
BECKER DRAPKIN PARTNERS, L.P.
|
|||||
By:
|
Becker Drapkin Management, L.P., its general partner
|
||||
By:
|
BC Advisors, LLC, its general partner
|
||||
By:
|
/s/ Steven R. Becker | ||||
Name: Steven R. Becker
|
|||||
Title: Co-managing Member
|
|||||
BC ADVISORS, LLC
|
|||||
|
|||||
By:
|
/s/ Steven R. Becker | ||||
Name: Steven R. Becker
|
|||||
Title: Co-managing Member
|
|||||
STEVEN R. BECKER
|
|||||
/s/ Steven R. Becker | |||||
MATTHEW A. DRAPKIN
|
|||||
/s/ Matthew A. Drapkin | |||||
Date: 6/1/2011
|
|
/s/ Steven R. Becker
|
|
Signature
|
|
Steven R. Becker
|
|
Please type or print your name
|
Date: 6/1/2011
|
|
/s/ Michael Brodsky
|
|
Signature
|
|
|
Michael Brodsky
|
Please type or print your name
|
Date: 6/1/2011
|
|
/s/ Matthew A. Drapkin
|
|
Signature
|
|
|
Matthew A. Drapkin
|
Please type or print your name
|
1.
|
The Nominees are (i) Steven R. Becker, age 44, (ii) Michael Brodsky, age 43 and (iii) Matthew A. Drapkin, age 38. Other than as described elsewhere in this Notice, no Nominee has any arrangement or understanding between him and any other person pursuant to which he was or is to be selected as a Nominee.
|
2.
|
There exist no family relationships between any Nominee and any director or executive officer of the Company or other Nominee.
|
3.
|
Each Nominee’s background, including his present principal occupation or employment, is set forth on Exhibit B. None of the Nominees have held any occupation or employment with the Company or any corporation or organization that is or was a parent, subsidiary or other affiliate of the Company. Each Nominee has the experience, qualifications, attributes and skills to serve as a successful director of the Company.
|
4.
|
Mr. Becker is currently a member of the board of directors of Hot Topic, Inc. and Strategic Diagnostics, Inc. and was a member of the board of directors of Plato Learning, Inc. beginning in 2009 until its acquisition in 2010. Mr. Brodsky is currently a member of the board of directors of Churchill Downs, Inc. and Selectica, Inc. Mr. Drapkin is currently a member of the board of directors of Hot Topic, Inc. and Glu Mobile, Inc. and was a member of the board of directors of Plato Learning, Inc., beginning in 2009 until its acquisition in 2010, and Alloy Inc., from April 2010 until its acquisition in November 2010.
|
5.
|
During the last ten years, none of the Nominees were involved in any of the events described in Item 401(f) of Regulation S-K and that are material to an evaluation of the ability or integrity of any such Nominee to become a director of the Company.
|
6.
|
There is no transaction, or series of similar transactions, since June 2, 2010, or any currently proposed transaction, or series of similar transactions, to which the Company or any of its subsidiaries was or is to be a party, in which the amount involved exceeds $120,000 and in which any Nominee or any associate of any Nominee, or any member of the immediate family of any Nominee or of any associate of any Nominee, had, or will have, a direct or indirect material interest.
|
7.
|
Based on a review of all Forms 3 and 4 filed by Mr. Becker, Mr. Brodsky and Mr. Drapkin with the SEC since June 2, 2010, none of the Nominees has filed any Form 3 or 4 after the date on which it was due to be filed or engaged in any transaction in the Company’s securities for which he failed to file a required form. Each of the Nominees represents that he has not been required to file a Form 5. Except as disclosed in Exhibit D, none of the Nominees own securities of the Company (or any parent or subsidiary of the Company), directly or indirectly, beneficially or of record, or has purchased or sold any securities of the Company within the past two years. To the knowledge of the Nominees, no change of control of the Company has occurred since June 2, 2010.
|
8.
|
Mr. Becker qualifies as an audit committee financial expert based on extensive experience in the finance industry, as detailed in Exhibit B. Mr. Brodsky qualifies as an audit committee financial expert based on his extensive experience, as detailed in Exhibit B, including his experience as a Chief Financial Officer. Mr. Drapkin qualifies as an audit committee financial expert based on the experience described in Exhibit B, including experience serving on the audit committee of Plato Learning, Inc.
|
9.
|
None of the Nominees are officers or employees of the Company or has a relationship which, in the opinion of the Record Holders, would interfere with the exercise of independent judgment in carrying out the responsibilities of a director, and each of them is an “independent director” as the term is defined under Section 303A of the NYSE Corporate Governance Rules, and is “independent” as that term is defined in the applicable rules and regulations promulgated by the SEC. In addition, each of the Nominees is an “independent director” as defined by the Categorical Standards for Director Independence promulgated by the Company.
|
10.
|
Other than as discussed in this Notice, no Nominee is, or was within the past year, a party to any contract, arrangements or understandings with any person with respect to any securities of the Company, including, but not limited to joint ventures, loan or option arrangements, puts or calls, guarantees against loss or guarantees of profit, division of losses or profits or the giving or withholding of proxies.
|
11.
|
There are no material proceedings in which any Nominee or any of their associates is a party adverse to the Company or any of its subsidiaries, or material proceedings in which any such Nominee or any such associate has a material interest adverse to the Company or any of its subsidiaries.
|
Record Holder of Shares
|
Date of Purchase or Sale
|
Amount Purchased (Sold)
|
Type of Security
|
Becker Drapkin QP
|
5/9/2011
|
1,7431
|
call options
|
5/9/2011
|
8,102
|
Common Stock
|
|
5/10/2011
|
10,976
|
Common Stock
|
|
5/11/2011
|
30,489
|
Common Stock
|
|
5/12/2011
|
49,653
|
Common Stock
|
|
5/13/2011
|
32,928
|
Common Stock
|
|
5/16/2011
|
17,422
|
Common Stock
|
|
5/17/2011
|
14,199
|
Common Stock
|
|
5/18/2011
|
9,583
|
Common Stock
|
|
5/19/2011
|
1,133
|
Common Stock
|
|
Becker Drapkin, L.P.
|
5/9/2011
|
2572
|
call options
|
5/9/2011
|
1,198
|
Common Stock
|
|
5/10/2011
|
1,624
|
Common Stock
|
|
5/11/2011
|
4,511
|
Common Stock
|
|
5/12/2011
|
7,347
|
Common Stock
|
|
5/13/2011
|
4,872
|
Common Stock
|
|
5/16/2011
|
2,578
|
Common Stock
|
|
5/17/2011
|
2,101
|
Common Stock
|
|
5/18/2011
|
1,417
|
Common Stock
|
|
5/19/2011
|
167
|
Common Stock
|
|
5/26/2011
|
4,500
|
Common Stock
|
|
BD Partners III
|
5/27/2011
|
14,000
|
Common Stock
|
5/27/2011
|
11,100
|
Common Stock
|
|
5/31/2011
|
4,000
|
Common Stock
|
|
5/31/2011
|
6,500
|
Common Stock
|
|
BD Management (Managed Account)
|
5/9/2011
|
9,300
|
Common Stock
|
5/10/2011
|
12,600
|
Common Stock
|
|
5/11/2011
|
35,000
|
Common Stock
|
|
5/12/2011
|
57,000
|
Common Stock
|
|
5/13/2011
|
37,800
|
Common Stock
|
|
5/16/2011
|
20,000
|
Common Stock
|
|
5/17/2011
|
16,300
|
Common Stock
|
|
5/18/2011
|
11,000
|
Common Stock
|
|
5/19/2011
|
1,400
|
Common Stock
|
|
5/20/2011
|
50,000
|
Common Stock
|
5/23/2011
|
7,400
|
Common Stock
|
|
5/24/2011
|
6,300
|
Common Stock
|
|
5/25/2011
|
5,800
|
Common Stock
|
|
5/26/2011
|
28,900
|
Common Stock
|
|
5/27/2011
|
16,000
|
Common Stock
|
|
5/31/2011
|
22,900
|
Common Stock
|
|
Double Black Diamond
|
7/22/2009
|
116,310
|
Common Stock
|
7/23/2009
|
(116,310)
|
Common Stock
|
|
3/22/2011
|
28,161
|
Common Stock
|
|
4/7/2011
|
(28,161)
|
Common Stock
|
|
4/7/2011
|
(57,267)
|
Common Stock
|
|
4/14/2011
|
23,153
|
Common Stock
|
|
4/15/2011
|
1,984
|
Common Stock
|
|
4/18/2011
|
3,875
|
Common Stock
|
|
4/19/2011
|
3,213
|
Common Stock
|
|
4/21/2011
|
25,042
|
Common Stock
|
|
4/27/2011
|
38,651
|
Common Stock
|
|
4/28/2011
|
14,931
|
Common Stock
|
|
5/10/2011
|
(1,985)
|
Common Stock
|
|
5/11/2011
|
(2,741)
|
Common Stock
|
|
5/12/2011
|
(5,953)
|
Common Stock
|
|
5/13/2011
|
10,022
|
Common Stock
|
|
5/13/2011
|
23,093
|
Common Stock
|
|
5/13/2011
|
16,025
|
Common Stock
|
|
5/13/2011
|
60,764
|
Common Stock
|
|
5/16/2011
|
66,150
|
Common Stock
|
|
5/16/2011
|
113,306
|
Common Stock
|
|
5/17/2011
|
11
|
Common Stock
|
|
5/17/2011
|
29,001
|
Common Stock
|
|
5/17/2011
|
40
|
Common Stock
|
|
5/17/2011
|
5,387
|
Common Stock
|
|
5/17/2011
|
100,933
|
Common Stock
|
|
5/17/2011
|
92,137
|
Common Stock
|
|
5/17/2011
|
48
|
Common Stock
|
|
5/18/2011
|
23,625
|
Common Stock
|
|
5/18/2011
|
37,989
|
Common Stock
|
|
5/18/2011
|
61,992
|
Common Stock
|
|
5/18/2011
|
12
|
Common Stock
|
|
5/18/2011
|
29,378
|
Common Stock
|
|
5/19/2011
|
79,852
|
Common Stock
|
|
5/19/2011
|
8,128
|
Common Stock
|
|
5/19/2011
|
1,437
|
Common Stock
|
5/19/2011
|
30,524
|
Common Stock
|
|
5/19/2011
|
32
|
Common Stock
|
|
5/19/2011
|
30,094
|
Common Stock
|
|
5/20/2011
|
92,042
|
Common Stock
|
|
5/20/2011
|
57
|
Common Stock
|
|
5/20/2011
|
139,189
|
Common Stock
|
|
5/20/2011
|
14,412
|
Common Stock
|
|
5/23/2011
|
3,402
|
Common Stock
|
|
5/23/2011
|
62,937
|
Common Stock
|
|
5/23/2011
|
82
|
Common Stock
|
|
5/23/2011
|
44,900
|
Common Stock
|
|
5/24/2011
|
210,735
|
Common Stock
|
|
5/24/2011
|
94,501
|
Common Stock
|
|
5/24/2011
|
64,921
|
Common Stock
|
|
5/25/2011
|
16,570
|
Common Stock
|
|
5/25/2011
|
91
|
Common Stock
|
|
5/25/2011
|
40,134
|
Common Stock
|
|
5/26/2011
|
24,287
|
Common Stock
|
|
5/27/2011
|
39,273
|
Common Stock
|
|
5/27/2011
|
94
|
Common Stock
|
|
5/27/2011
|
94
|
Common Stock
|
|
5/27/2011
|
37,084
|
Common Stock
|
|
5/31/2011
|
118,125
|
Common Stock
|
|
5/31/2011
|
88,263
|
Common Stock
|
|
Black Diamond
|
7/22/2009
|
7,100
|
Common Stock
|
7/23/2009
|
(7,100)
|
Common Stock
|
|
3/22/2011
|
1,639
|
Common Stock
|
|
4/7/2011
|
(1,639)
|
Common Stock
|
|
4/7/2011
|
(3,333)
|
Common Stock
|
|
4/14/2011
|
1,347
|
Common Stock
|
|
4/15/2011
|
116
|
Common Stock
|
|
4/18/2011
|
225
|
Common Stock
|
|
4/19/2011
|
187
|
Common Stock
|
|
4/21/2011
|
1,458
|
Common Stock
|
|
4/27/2011
|
2,249
|
Common Stock
|
|
4/28/2011
|
869
|
Common Stock
|
|
5/10/2011
|
(115)
|
Common Stock
|
|
5/11/2011
|
(159)
|
Common Stock
|
|
5/12/2011
|
(347)
|
Common Stock
|
|
5/13/2011
|
584
|
Common Stock
|
|
5/13/2011
|
1,343
|
Common Stock
|
|
5/13/2011
|
933
|
Common Stock
|
5/13/2011
|
3,536
|
Common Stock
|
|
5/16/2011
|
3,850
|
Common Stock
|
|
5/16/2011
|
6,594
|
Common Stock
|
|
5/17/2011
|
1
|
Common Stock
|
|
5/17/2011
|
1,687
|
Common Stock
|
|
5/17/2011
|
3
|
Common Stock
|
|
5/17/2011
|
313
|
Common Stock
|
|
5/17/2011
|
5,874
|
Common Stock
|
|
5/17/2011
|
5,363
|
Common Stock
|
|
5/17/2011
|
2
|
Common Stock
|
|
5/18/2011
|
1,375
|
Common Stock
|
|
5/18/2011
|
2,211
|
Common Stock
|
|
5/18/2011
|
3,608
|
Common Stock
|
|
5/18/2011
|
1,710
|
Common Stock
|
|
5/19/2011
|
4,648
|
Common Stock
|
|
5/19/2011
|
472
|
Common Stock
|
|
5/19/2011
|
84
|
Common Stock
|
|
5/19/2011
|
1,776
|
Common Stock
|
|
5/19/2011
|
2
|
Common Stock
|
|
5/19/2011
|
1,751
|
Common Stock
|
|
5/20/2011
|
5,358
|
Common Stock
|
|
5/20/2011
|
3
|
Common Stock
|
|
5/20/2011
|
8,101
|
Common Stock
|
|
5/20/2011
|
838
|
Common Stock
|
|
5/23/2011
|
198
|
Common Stock
|
|
5/23/2011
|
3,663
|
Common Stock
|
|
5/23/2011
|
5
|
Common Stock
|
|
5/23/2011
|
2,613
|
Common Stock
|
|
5/24/2011
|
12,265
|
Common Stock
|
|
5/24/2011
|
5,499
|
Common Stock
|
|
5/24/2011
|
3,779
|
Common Stock
|
|
5/25/2011
|
964
|
Common Stock
|
|
5/25/2011
|
6
|
Common Stock
|
|
5/25/2011
|
2,335
|
Common Stock
|
|
5/26/2011
|
1,413
|
Common Stock
|
|
5/27/2011
|
2,285
|
Common Stock
|
|
5/27/2011
|
6
|
Common Stock
|
|
5/27/2011
|
5
|
Common Stock
|
|
5/27/2011
|
2,159
|
Common Stock
|
|
5/31/2011
|
6,875
|
Common Stock
|
|
5/31/2011
|
5,137
|
Common Stock
|
Carlson Capital3
|
7/22/2009
|
3,320
|
Common Stock
|
7/22/2009
|
10,255
|
Common Stock
|
|
7/22/2009
|
3,015
|
Common Stock
|
|
7/23/2009
|
(3,320)
|
Common Stock
|
|
7/23/2009
|
(10,255)
|
Common Stock
|
|
7/23/2009
|
(3,015)
|
Common Stock
|
(1) Title of Class
|
(2) Name of Beneficial Owner
|
(3) Amount and Nature of Beneficial Ownership
|
(4) Percent of Class4
|
Common Stock
|
Steven R. Becker5
|
2,645,900 shares
|
4.064%
|
Call options
|
2,000 call options to purchase
200,000 shares of Common Stock |
0.307%
|
|
Common Stock
|
Michael Brodsky
|
0 shares
|
0%
|
Common Stock
|
Matthew A. Drapkin6
|
2,645,900 shares
|
4.064%
|
Call options
|
2,000 call options to purchase
200,000 shares of Common Stock |
0.307%
|
DOUBLE BLACK DIAMOND OFFSHORE LTD.
|
||||
|
||||
By:
|
Carlson Capital, L.P., its investment manager
|
|||
By:
|
/s/ Clint D. Carlson
|
|||
Name: Clint D. Carlson
|
||||
Title: President
|
||||
BLACK DIAMOND OFFSHORE LTD.
|
||||
|
||||
By:
|
Carlson Capital, L.P., its investment manager
|
|||
By:
|
/s/ Clint D. Carlson
|
|||
Name: Clint D. Carlson
|
||||
Title: President
|
||||
CARLSON CAPITAL, L.P.
|
||||
By:
|
/s/ Clint D. Carlson | |||
Name: Clint D. Carlson
|
||||
Title: President
|
||||
ASGARD INVESTMENT CORP.
|
||||
|
||||
By:
|
/s/ Clint D. Carlson | |||
Name: Clint D. Carlson
|
||||
Title: President
|
||||
CLINT D. CARLSON
|
||||
/s/ Clint D. Carlson | ||||
BECKER DRAPKIN MANAGEMENT, L.P.
|
|||||
|
|||||
By:
|
BC Advisors, LLC, its general partner
|
||||
By:
|
/s/ Steven R. Becker | ||||
Name: Steven R. Becker
|
|||||
Title: Co-managing Member
|
|||||
BECKER DRAPKIN PARTNERS (QP), L.P.
|
|||||
By:
|
Becker Drapkin Management, L.P., its general partner
|
||||
By:
|
BC Advisors, LLC, its general partner
|
||||
By:
|
/s/ Steven R. Becker
|
||||
Name: Steven R. Becker
|
|||||
Title: Co-managing Member
|
|||||
BECKER DRAPKIN PARTNERS, L.P.
|
|||||
By:
|
Becker Drapkin Management, L.P., its general partner
|
||||
By:
|
BC Advisors, LLC, its general partner
|
||||
By:
|
/s/ Steven R. Becker | ||||
Name: Steven R. Becker
|
|||||
Title: Co-managing Member
|
|||||
BD PARTNERS III, L.P.
|
|||||
By:
|
Becker Drapkin Management, L.P., its general partner
|
||||
By:
|
BC Advisors, LLC, its general partner
|
||||
By:
|
/s/ Steven R. Becker | ||||
Name: Steven R. Becker
|
|||||
Title: Co-managing Member
|
|||||
BC ADVISORS, LLC
|
|||||
|
|||||
By:
|
/s/ Steven R. Becker | ||||
Name: Steven R. Becker
|
|||||
Title: Co-managing Member
|
|||||
STEVEN R. BECKER
|
|||||
/s/ Steven R. Becker |
MATTHEW A. DRAPKIN
|
|
/s/ Matthew A. Drapkin |
MICHAEL BRODSKY | |
/s/ Michael Brodsky
|
DOUBLE BLACK DIAMOND OFFSHORE LTD.
|
||||
|
||||
By:
|
Carlson Capital, L.P., its investment manager
|
|||
By:
|
/s/ Clint D. Carlson
|
|||
Name: Clint D. Carlson
|
||||
Title: President
|
||||
BLACK DIAMOND OFFSHORE LTD.
|
||||
|
||||
By:
|
Carlson Capital, L.P., its investment manager
|
|||
By:
|
/s/ Clint D. Carlson
|
|||
Name: Clint D. Carlson
|
||||
Title: President
|
||||
CARLSON CAPITAL, L.P.
|
||||
By:
|
/s/ Clint D. Carlson | |||
Name: Clint D. Carlson
|
||||
Title: President
|
||||
ASGARD INVESTMENT CORP.
|
||||
|
||||
By:
|
/s/ Clint D. Carlson | |||
Name: Clint D. Carlson
|
||||
Title: President
|
||||
By:
|
/s/ Clint D. Carlson | |||
Name: Clint D. Carlson
|