-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DyZOPb7SVkrbYTHkLFe6qfbiw3OB+dPUPCd0uxtKpzSDqZJm0NyjwgQHxMjbCfi1 kjg4BR9U4WUZLSHJmrWhlA== 0000950152-08-001541.txt : 20080229 0000950152-08-001541.hdr.sgml : 20080229 20080229095710 ACCESSION NUMBER: 0000950152-08-001541 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20080229 DATE AS OF CHANGE: 20080229 GROUP MEMBERS: RICHARD M. OSBORNE GROUP MEMBERS: STEVEN A. CALABRESE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LNB BANCORP INC CENTRAL INDEX KEY: 0000737210 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 341406303 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-58535 FILM NUMBER: 08653116 BUSINESS ADDRESS: STREET 1: 457 BROADWAY CITY: LORAIN STATE: OH ZIP: 44052-1769 BUSINESS PHONE: 800-860-1007 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: AMG Investments, LLC CENTRAL INDEX KEY: 0001399850 IRS NUMBER: 000000000 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 8500 STATION STREET, SUITE 113 CITY: MENTOR STATE: OH ZIP: 44060 BUSINESS PHONE: 440-951-1111 MAIL ADDRESS: STREET 1: 8500 STATION STREET, SUITE 113 CITY: MENTOR STATE: OH ZIP: 44060 SC 13D/A 1 l30380asc13dza.htm LNB BANCORP, INC./AMG INVESTMENTS, LLC SC 13D/A LNB Bancorp, Inc./AMG Investments, LLC SC 13D/A
 

     
 
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

(Rule 13d-101)

Under the Securities Exchange Act of 1934
(Amendment No. 6 )*

LNB Bancorp, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
502100-10-0
(CUSIP Number)
Christopher J. Hubbert, Kohrman Jackson & Krantz P.L.L.,
1375 E. 9th Street, 20th Floor, Cleveland, OH 44114, (216) 696-8700
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
February 26, 2008
(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 
 

Page 1 of 6


 

                     
CUSIP No.
 
502100-10-0 
  Page  
  of   

 

           
1   NAMES OF REPORTING PERSONS

AMG Investments, LLC
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   þ 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
 
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Ohio
       
  7   SOLE VOTING POWER
     
NUMBER OF   330,000
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY  
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   330,000
       
WITH 10   SHARED DISPOSITIVE POWER
     
   
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  330,000
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  4.5%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  OO


 

                     
CUSIP No.
 
502100-10-0 
  Page  
  of   

 

           
1   NAMES OF REPORTING PERSONS

Steven A. Calabrese
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   þ 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
 
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  7   SOLE VOTING POWER
     
NUMBER OF   90,000
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   330,000
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   90,000
       
WITH 10   SHARED DISPOSITIVE POWER
     
    330,000
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  420,000
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  5.8%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN


 

                     
CUSIP No.
 
502100-10-0 
  Page  
  of   

 

           
1   NAMES OF REPORTING PERSONS

Richard M. Osborne
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   þ 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
 
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  7   SOLE VOTING POWER
     
NUMBER OF   90,000
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   330,000
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   90,000
       
WITH 10   SHARED DISPOSITIVE POWER
     
    330,000
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  420,000
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  5.8%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN


 

                     
CUSIP No.
 
502100-10-0 
  Page  
  of   
Introduction.
     Pursuant to Rule 13d-1(k), this Amendment No. 6 to Schedule 13D is filed by AMG Investments, LLC, an Ohio limited liability company (“AMG”), Steven A. Calabrese and Richard M. Osborne, relating to shares of common stock, par value $1.00 per share (the “Shares”), of LNB Bancorp, Inc., an Ohio corporation (“LNB”).
Item 4.   Purpose of Transaction.
     Item 4 is amended and supplemented as follows:
     On February 26, 2008, Mr. Osborne filed suit against LNB in U.S. District Court for the Northern District of Ohio, Eastern Division, Case No. 1:08CV0473 with respect to LNB’s proxy solicitation for the Special Meeting of Shareholders of LNB to be held on March 18, 2008 (the “Special Meeting”). Mr. Osborne asked the court to issue a temporary restraining order prohibiting LNB from making any statement to its shareholders, in a proxy statement or otherwise, that LNB will disregard or otherwise not count any votes submitted on the proposals of AMG, as defined in AMG’s Notice of Special Meeting dated February 14, 2008. In addition, Mr. Osborne’s complaint asked for a preliminary and permanent injunction declaring that LNB has violated Section 14(a) of the Securities Exchange Act of 1934 and SEC Rule 14a-9, declaring that LNB has violated Ohio Revised Code Sections 1701.40 and 1701.41 and compelling LNB to (1) modify the agenda of the Special Meeting to include only AMG’s proposals, (2) to conform its proxy statement to only AMG’s proposals and 3) to count all of the proxies from Shareholders for a Better Bank. Shareholders for a Better Bank is a committee comprised of Mr. Osborne and Mr. Calabrese. On February 28, 2008, Shareholders for a Better Bank began mailing proxy statements to LNB's shareholders in connection with the Special Meeting.
Item 7.   Material to be Filed as Exhibits.
     7.1 Joint Filing Agreement

 


 

SIGNATURE
     After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: February 29, 2008
         
  AMG Investments, LLC
 
 
  /s/ Richard M. Osborne    
  By: Richard M. Osborne   
  Its: Managing Member   
 
         
     
  /s/ Richard M. Osborne    
  Richard M. Osborne, Individually   
     
 
         
     
  /s/ Steven A. Calabrese    
  Steven A. Calabrese, Individually   
     
 
Page 6 of 6

 


 

EXHIBIT INDEX
     
Exhibit Number   Description
 
   
7.1
  Joint Filing Agreement

 

EX-7.1 2 l30380aexv7w1.htm EX-7.1 EX-7.1
 

EXHIBIT 7.1
AGREEMENT OF JOINT FILING
     Pursuant to Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned persons hereby agree to file with the Securities and Exchange Commission, the Statement on Schedule 13D (the “Statement”) to which this Agreement is attached as an exhibit, and agree that such Statement, as so filed, is filed on behalf of each of them.
     This Agreement may be executed in counterparts, each of which when so executed shall be deemed to be an original, and all of which together shall be deemed to constitute one and the same instrument.
     IN WITNESS WHEREOF, the undersigned have executed this Agreement.
         
Date: February 29, 2008   AMG Investments, LLC
 
 
  /s/ Richard M. Osborne    
  By: Richard M. Osborne   
  Its: Managing Member   
 
         
     
  /s/ Richard M. Osborne    
  Richard M. Osborne, Individually   
     
 
         
     
  /s/ Steven A. Calabrese    
  Steven A. Calabrese, Individually   
     
 

 

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