0001209191-11-041753.txt : 20110801 0001209191-11-041753.hdr.sgml : 20110801 20110801165618 ACCESSION NUMBER: 0001209191-11-041753 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110728 FILED AS OF DATE: 20110801 DATE AS OF CHANGE: 20110801 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Becker Steven R CENTRAL INDEX KEY: 0001349005 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-22982 FILM NUMBER: 111001076 MAIL ADDRESS: STREET 1: 300 CRESCENT COURT STREET 2: SUITE 1111 CITY: DALLAS STATE: TX ZIP: 75201 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Drapkin Matthew A CENTRAL INDEX KEY: 0001458693 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-22982 FILM NUMBER: 111001075 MAIL ADDRESS: STREET 1: 10801 NESBITT AVENUE SOUTH CITY: BLOOMINGTON STATE: MN ZIP: 55437 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: NAVARRE CORP /MN/ CENTRAL INDEX KEY: 0000911650 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-COMPUTER & PERIPHERAL EQUIPMENT & SOFTWARE [5045] IRS NUMBER: 411704319 STATE OF INCORPORATION: MN FISCAL YEAR END: 0331 BUSINESS ADDRESS: STREET 1: 7400 49TH AVE N CITY: NEW HOPE STATE: MN ZIP: 55428 BUSINESS PHONE: 7635358333 MAIL ADDRESS: STREET 1: 7400 49TH AVE NORTH CITY: NEW HOPE STATE: MN ZIP: 55428 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Becker Drapkin Management, L.P. CENTRAL INDEX KEY: 0001346543 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-22982 FILM NUMBER: 111001081 BUSINESS ADDRESS: STREET 1: 300 CRESCENT COURT STREET 2: SUITE 1111 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: (214) 756-6037 MAIL ADDRESS: STREET 1: 300 CRESCENT COURT STREET 2: SUITE 1111 CITY: DALLAS STATE: TX ZIP: 75201 FORMER NAME: FORMER CONFORMED NAME: SRB Management, L.P. DATE OF NAME CHANGE: 20051209 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: BC Advisors LLC CENTRAL INDEX KEY: 0001349003 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-22982 FILM NUMBER: 111001077 BUSINESS ADDRESS: STREET 1: 300 CRESCENT COURT STREET 2: SUITE 1111 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 214-756-6073 MAIL ADDRESS: STREET 1: 300 CRESCENT COURT STREET 2: SUITE 1111 CITY: DALLAS STATE: TX ZIP: 75201 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: BECKER DRAPKIN PARTNERS, L.P. CENTRAL INDEX KEY: 0001451721 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-22982 FILM NUMBER: 111001079 BUSINESS ADDRESS: STREET 1: C/O BECKER DRAPKIN MANAGEMENT, L.P. STREET 2: 300 CRESCENT COURT, SUITE 1111 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: (214) 756-6016 MAIL ADDRESS: STREET 1: C/O BECKER DRAPKIN MANAGEMENT, L.P. STREET 2: 300 CRESCENT COURT, SUITE 1111 CITY: DALLAS STATE: TX ZIP: 75201 FORMER NAME: FORMER CONFORMED NAME: SRB GREENWAY OPPORTUNITY FUND LP DATE OF NAME CHANGE: 20081209 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: BECKER DRAPKIN PARTNERS (QP), L.P. CENTRAL INDEX KEY: 0001451722 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-22982 FILM NUMBER: 111001080 BUSINESS ADDRESS: STREET 1: C/O BECKER DRAPKIN MANAGEMENT, L.P. STREET 2: 300 CRESCENT COURT, SUITE 1111 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: (214) 756-6016 MAIL ADDRESS: STREET 1: C/O BECKER DRAPKIN MANAGEMENT, L.P. STREET 2: 300 CRESCENT COURT, SUITE 1111 CITY: DALLAS STATE: TX ZIP: 75201 FORMER NAME: FORMER CONFORMED NAME: SRB GREENWAY OPPORTUNITY FUND (QP) LP DATE OF NAME CHANGE: 20081209 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: BD Partners II, L.P. CENTRAL INDEX KEY: 0001498645 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-22982 FILM NUMBER: 111001078 BUSINESS ADDRESS: STREET 1: 300 CRESCENT COURT STREET 2: SUITE 1111 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: (214) 756-6016 MAIL ADDRESS: STREET 1: 300 CRESCENT COURT STREET 2: SUITE 1111 CITY: DALLAS STATE: TX ZIP: 75201 4 1 c20698_4x1.xml MAIN DOCUMENT DESCRIPTION X0304 4 2011-07-28 0000911650 NAVARRE CORP /MN/ NAVR 0001346543 Becker Drapkin Management, L.P. 300 CRESCENT COURT SUITE 1111 DALLAS TX 75201 0 0 0 1 Member of a 13(d) 10% Group 0001451722 BECKER DRAPKIN PARTNERS (QP), L.P. 300 CRESCENT COURT SUITE 1111 DALLAS TX 75201 0 0 0 1 Member of a 13(d) 10% Group 0001451721 BECKER DRAPKIN PARTNERS, L.P. 300 CRESCENT COURT SUITE 1111 DALLAS TX 75201 0 0 0 1 Member of a 13(d) 10% Group 0001498645 BD Partners II, L.P. 300 CRESCENT COURT SUITE 1111 DALLAS TX 75201 0 0 0 1 Member of a 13(d) 10% Group 0001349003 BC Advisors LLC 300 CRESCENT COURT SUITE 1111 DALLAS TX 75201 0 0 0 1 Member of a 13(d) 10% Group 0001349005 Becker Steven R 300 CRESCENT COURT SUITE 1111 DALLAS TX 75201 0 0 0 1 Member of a 13(d) 10% Group 0001458693 Drapkin Matthew A 300 CRESCENT COURT SUITE 1111 DALLAS TX 75201 0 0 0 1 Member of a 13(d) 10% Group Common Stock 2011-07-28 4 P 0 137880 1.94 A 1240423 I See Footnotes Common Stock 2011-07-29 4 P 0 8198 1.91 A 1248621 I See Footnotes Common Stock 2011-07-28 4 P 0 20220 1.94 A 207245 I See Footnotes Common Stock 2011-07-29 4 P 0 1202 1.91 A 208447 I See Footnotes Common Stock 2716433 I See Footnotes This statement is jointly filed by and on behalf of each of Becker Drapkin Management, L.P. ("BD Management"), Becker Drapkin Partners (QP), L.P. ("QP Fund"), Becker Drapkin Partners, L.P. ("LP Fund"), BD Partners II, L.P. ("BD Partners II"), BC Advisors, LLC ("BC Advisors"), Steven R. Becker and Matthew A. Drapkin. A managed account (the "Managed Account"), QP Fund, LP Fund and BD Partners II are the direct beneficial owners of the securities covered by this statement. BD Management provides investment advisory services for the Managed Account and is the general partner of each of QP Fund, LP Fund and BD Partners II. (Continued from Footnote 1) BD Management may be deemed to beneficially own securities owned by the Managed Account, QP Fund, LP Fund and BD Partners II. BC Advisors is the general partner of BD Management and may be deemed to beneficially own securities owned by BD Management. Mr. Becker and Mr. Drapkin are the co-managing members of BC Advisors and may be deemed to beneficially own securities owned by BC Advisors. Each reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Act") or otherwise, the beneficial owner of any securities covered by this statement. Each reporting person disclaims beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of such person in such securities. Each reporting person may be deemed to be a member of a group with respect to the issuer or securities of the issuer for purposes of Section 13(d) or 13(g) of the Act. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, a member of a group with respect to the issuer or securities of the issuer. Represents shares directly beneficially owned by QP Fund. Represents shares directly beneficially owned by LP Fund. Represents (a) 654,383 shares directly beneficially owned by BD Partners II and (b) 2,062,050 shares beneficially owned by BD Management, as investment manager for the Managed Account, and in which BD Management may be deemed to have a pecuniary interest as a result of performance related fees. Exhibit Index Exhibit 99.1 - Joint Filer Information (furnished herewith) BECKER DRAPKIN MANAGEMENT, L.P., By: BC Advisors, LLC, Its: General Partner, By: /s/ Ashley Sekimoto, Title: Attorney-in-Fact 2011-08-01 BECKER DRAPKIN PARTNERS (QP), L.P., By: Becker Drapkin Management, L.P., Its: General Partner, By: BC Advisors, LLC, Its: General Partner, By: /s/ Ashley Sekimoto, Title: Attorney-in-Fact 2011-08-01 BECKER DRAPKIN PARTNERS, L.P., By: Becker Drapkin Management, L.P., Its: General Partner, By: BC Advisors, LLC, Its: General Partner, By: /s/ Ashley Sekimoto, Title: Attorney-in-Fact 2011-08-01 BD PARTNERS II, L.P., By: Becker Drapkin Management, L.P., Its: General Partner, By: BC Advisors, LLC, Its: General Partner, By: /s/ Ashley Sekimoto, Title: Attorney-in-Fact 2011-08-01 BC ADVISORS, LLC, By: /s/ Ashley Sekimoto, Title: Attorney-in-Fact 2011-08-01 Steven R. Becker, /s/ Ashley Sekimoto, Title: Attorney-in-Fact 2011-08-01 Matthew A. Drapkin, /s/ Ashley Sekimoto, Title: Attorney-in-Fact 2011-08-01 EX-99.1 2 c20698_99x1.htm ADDITIONAL EXHIBITS Exhibit 99.1
EXHIBIT 99.1
JOINT FILER INFORMATION
Other Reporting Person(s)
1. BECKER DRAPKIN PARTNERS (QP), L.P.
     
Item   Information
Name:
  BECKER DRAPKIN PARTNERS (QP), L.P.
 
    
Address:
  300 Crescent Court, Suite 1111, Dallas, Texas 75201
 
    
Designated Filer:
  Becker Drapkin Management, L.P.
 
    
Date of Event Requiring Statement (Month/Day/Year):
  July 28, 2011
 
    
Issuer Name and Ticker or Trading Symbol:
  Navarre Corporation [NAVR]
 
    
Relationship of Reporting Person(s) to Issuer:
  Member of a 13(d) 10% Group
 
    
If Amendment, Date Original
Filed (Month/Day/Year):
  Not Applicable
 
    
Individual or Joint/Group Filing:
  Form filed by More than One Reporting Person
         
Signature:
  By:   Becker Drapkin Management, L.P.
 
  Its:   General Partner
 
        
 
  By:   BC Advisors, LLC
 
  Its:   General Partner
 
        
 
  By:   /s/ Ashley Sekimoto
 
       
 
  Name:   Ashley Sekimoto
 
  Title:   Attorney-in-Fact
 
  Date:   August 1, 2011

 

 

2. BECKER DRAPKIN PARTNERS, L.P.
     
Item   Information
Name:
  BECKER DRAPKIN PARTNERS, L.P.
 
    
Address:
  300 Crescent Court, Suite 1111, Dallas, Texas 75201
 
    
Designated Filer:
  Becker Drapkin Management, L.P.
 
    
Date of Event Requiring Statement (Month/Day/Year):
  July 28, 2011
 
    
Issuer Name and Ticker or Trading Symbol:
  Navarre Corporation [NAVR]
 
    
Relationship of Reporting Person(s) to Issuer:
  Member of a 13(d) 10% Group
 
    
If Amendment, Date Original
Filed (Month/Day/Year):
  Not Applicable
 
    
Individual or Joint/Group Filing:
  Form filed by More than One Reporting Person
         
Signature:
  By:   Becker Drapkin Management, L.P.
 
  Its:   General Partner
 
        
 
  By:   BC Advisors, LLC
 
  Its:   General Partner
 
        
 
  By:   /s/ Ashley Sekimoto
 
       
 
  Name:   Ashley Sekimoto
 
  Title:   Attorney-in-Fact
 
  Date:   August 1, 2011

 

 

3. BD PARTNERS II, L.P.
     
Item   Information
Name:
  BD PARTNERS II, L.P.
 
    
Address:
  300 Crescent Court, Suite 1111, Dallas, Texas 75201
 
    
Designated Filer:
  Becker Drapkin Management, L.P.
 
    
Date of Event Requiring Statement (Month/Day/Year):
  July 28, 2011
 
    
Issuer Name and Ticker or Trading Symbol:
  Navarre Corporation [NAVR]
 
    
Relationship of Reporting Person(s) to Issuer:
  Member of a 13(d) 10% Group
 
    
If Amendment, Date Original
Filed (Month/Day/Year):
  Not Applicable
 
    
Individual or Joint/Group Filing:
  Form filed by More than One Reporting Person
         
Signature:
  By:   Becker Drapkin Management, L.P.
 
  Its:   General Partner
 
        
 
  By:   BC Advisors, LLC
 
  Its:   General Partner
 
        
 
  By:   /s/ Ashley Sekimoto
 
       
 
  Name:   Ashley Sekimoto
 
  Title:   Attorney-in-Fact
 
  Date:   August 1, 2011

 

 

4. BC ADVISORS, LLC
     
Item   Information
Name:
  BC ADVISORS, LLC
 
    
Address:
  300 Crescent Court, Suite 1111, Dallas, Texas 75201
 
    
Designated Filer:
  Becker Drapkin Management, L.P.
 
    
Date of Event Requiring Statement (Month/Day/Year):
  July 28, 2011
 
    
Issuer Name and Ticker or Trading Symbol:
  Navarre Corporation [NAVR]
 
    
Relationship of Reporting Person(s) to Issuer:
  Member of a 13(d) 10% Group
 
    
If Amendment, Date Original
Filed (Month/Day/Year):
  Not Applicable
 
    
Individual or Joint/Group Filing:
  Form filed by More than One Reporting Person
         
Signature:
  By:   /s/ Ashley Sekimoto
 
       
 
  Name:   Ashley Sekimoto
 
  Title:   Attorney-in-Fact
 
  Date:   August 1, 2011

 

 

5. STEVEN R. BECKER
     
Item   Information
Name:
  STEVEN R. BECKER
 
    
Address:
  300 Crescent Court, Suite 1111, Dallas, Texas 75201
 
    
Designated Filer:
  Becker Drapkin Management, L.P.
 
    
Date of Event Requiring Statement (Month/Day/Year):
  July 28, 2011
 
    
Issuer Name and Ticker or Trading Symbol:
  Navarre Corporation [NAVR]
 
    
Relationship of Reporting Person(s) to Issuer:
  Member of a 13(d) 10% Group
 
    
If Amendment, Date Original
Filed (Month/Day/Year):
  Not Applicable
 
    
Individual or Joint/Group Filing:
  Form filed by More than One Reporting Person
 
    
         
Signature:
  By:   /s/ Ashley Sekimoto
 
       
 
  Name:   Ashley Sekimoto
 
  Title:   Attorney-in-Fact
 
  Date:   August 1, 2011

 

 

6. MATTHEW A. DRAPKIN
     
Item   Information
Name:
  MATTHEW A. DRAPKIN
 
    
Address:
  300 Crescent Court, Suite 1111, Dallas, Texas 75201
 
    
Designated Filer:
  Becker Drapkin Management, L.P.
 
    
Date of Event Requiring Statement (Month/Day/Year):
  July 28, 2011
 
    
Issuer Name and Ticker or Trading Symbol:
  Navarre Corporation [NAVR]
 
    
Relationship of Reporting Person(s) to Issuer:
  Member of a 13(d) 10% Group
 
    
If Amendment, Date Original
Filed (Month/Day/Year):
  Not Applicable
 
    
Individual or Joint/Group Filing:
  Form filed by More than One Reporting Person
         
Signature:
  By:   /s/ Ashley Sekimoto
 
       
 
  Name:   Ashley Sekimoto
 
  Title:   Attorney-in-Fact
 
  Date:   August 1, 2011