UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)
Emageon Inc.
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(Name of Issuer)
Common Stock, par value $0.001 per share
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(Title of Class of Securities)
29076V109
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(CUSIP Number)
with a copy to:
Augustus K. Oliver Allen B. Levithan, Esq.
Oliver Press Partners, LLC Lowenstein Sandler PC
152 West 57th Street 65 Livingston Avenue
New York, New York 10019 Roseland, New Jersey 07068
(212) 277-5654 (973) 597-2406
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 24, 2008
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule l3G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-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 Section 240.13d-7 for other
parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Cusip No. 29076V109
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1. Names of Reporting Persons: Oliver Press Partners, LLC
I.R.S. Identification Nos. of above persons (entities only): 20-2688930
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2. Check the Appropriate Box if a Member of a Group (See Instructions):
(a) [ ]
(b) [X]
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3. SEC Use Only
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4. Source of Funds (See Instructions): OO
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e):
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6. Citizenship or Place of Organization: Delaware
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Number of 7. Sole Voting Power: 0
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Shares Beneficially 8. Shared Voting Power: 3,030,860*
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Owned by Each Reporting 9. Sole Dispositive Power: 0
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Person With 10. Shared Dispositive Power: 3,030,860*
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11. Aggregate Amount Beneficially Owned by Each Reporting Person: 3,030,860*
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions):
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13. Percent of Class Represented by Amount in Row (11): 14.2%*
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14. Type of Reporting Person (See Instructions): IA
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* This is a joint filing by Oliver Press Partners, LLC, Oliver Press Investors,
LLC, Augustus K. Oliver and Clifford Press, who share the power to vote and the
power to direct the disposition of 100 shares of common stock, par value $0.001
per share (the "Shares"), of Emageon Inc., a Delaware corporation, owned, as of
January 24, 2008, by Davenport Partners, L.P., a Delaware limited partnership,
2,424,100 Shares owned by JE Partners, a Bermuda partnership, and 606,660 Shares
owned by Oliver Press Master Fund LP, a Cayman limited partnership.
Cusip No. 29076V109
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1. Names of Reporting Persons: Oliver Press Investors, LLC
I.R.S. Identification Nos. of above persons (entities only): 20-2688868
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2. Check the Appropriate Box if a Member of a Group (See Instructions):
(a) [ ]
(b) [X]
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3. SEC Use Only
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4. Source of Funds (See Instructions): OO
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e):
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6. Citizenship or Place of Organization: Delaware
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Number of 7. Sole Voting Power: 0
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Shares Beneficially 8. Shared Voting Power: 3,030,860*
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Owned by Each Reporting 9. Sole Dispositive Power: 0
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Person With 10. Shared Dispositive Power: 3,030,860*
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11. Aggregate Amount Beneficially Owned by Each Reporting Person: 3,030,860*
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions):
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11): 14.2%*
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14. Type of Reporting Person (See Instructions): PN
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* This is a joint filing by Oliver Press Partners, LLC, Oliver Press Investors,
LLC, Augustus K. Oliver and Clifford Press, who share the power to vote and the
power to direct the disposition of 100 shares of common stock, par value $0.001
per share (the "Shares"), of Emageon Inc., a Delaware corporation, owned, as of
January 24, 2008, by Davenport Partners, L.P., a Delaware limited partnership,
2,424,100 Shares owned by JE Partners, a Bermuda partnership, and 606,660 Shares
owned by Oliver Press Master Fund LP, a Cayman limited partnership.
Cusip No. 29076V109
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1. Names of Reporting Persons: Augustus K. Oliver
I.R.S. Identification Nos. of above persons (entities only):
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions):
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. Source of Funds (See Instructions): OO
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e):
--------------------------------------------------------------------------------
6. Citizenship or Place of Organization: United States
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Number of 7. Sole Voting Power: 0
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Shares Beneficially 8. Shared Voting Power: 3,030,860*
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Owned by Each Reporting 9. Sole Dispositive Power: 0
---------------------------------------
Person With 10. Shared Dispositive Power: 3,030,860*
---------------------------------------
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11. Aggregate Amount Beneficially Owned by Each Reporting Person: 3,030,860*
--------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions):
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11): 14.2%*
--------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions): IN
--------------------------------------------------------------------------------
* This is a joint filing by Oliver Press Partners, LLC, Oliver Press Investors,
LLC, Augustus K. Oliver and Clifford Press, who share the power to vote and the
power to direct the disposition of 100 shares of common stock, par value $0.001
per share (the "Shares"), of Emageon Inc., a Delaware corporation, owned, as of
January 24, 2008, by Davenport Partners, L.P., a Delaware limited partnership,
2,424,100 Shares owned by JE Partners, a Bermuda partnership, and 606,660 Shares
owned by Oliver Press Master Fund LP, a Cayman limited partnership.
Cusip No. 29076V109
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1. Names of Reporting Persons: Clifford Press
I.R.S. Identification Nos. of above persons (entities only):
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions):
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. Source of Funds (See Instructions): OO
--------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e):
--------------------------------------------------------------------------------
6. Citizenship or Place of Organization: United States
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Number of 7. Sole Voting Power: 0
---------------------------------------
Shares Beneficially 8. Shared Voting Power: 3,030,860*
---------------------------------------
Owned by Each Reporting 9. Sole Dispositive Power: 0
---------------------------------------
Person With 10. Shared Dispositive Power: 3,030,860*
---------------------------------------
--------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person: 3,030,860*
--------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions):
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11): 14.2%*
--------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions): IN
--------------------------------------------------------------------------------
* This is a joint filing by Oliver Press Partners, LLC, Oliver Press Investors,
LLC, Augustus K. Oliver and Clifford Press, who share the power to vote and the
power to direct the disposition of 100 shares of common stock, par value $0.001
per share (the "Shares"), of Emageon Inc., a Delaware corporation, owned, as of
January 24, 2008, by Davenport Partners, L.P., a Delaware limited partnership,
2,424,100 Shares owned by JE Partners, a Bermuda partnership, and 606,660 Shares
owned by Oliver Press Master Fund LP, a Cayman limited partnership.
Item 4. Purpose of Transaction.
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Item 4 is hereby amended by deleting Item 4 in its entirety and by
substituting the following in lieu thereof:
OPP, the investment adviser of the Partnerships, believes that the
Company has available to it a number of strategic initiatives that will enhance
its value, and has engaged in discussions with the Board and management of the
Company to review these initiatives.
OPP intends to nominate three individuals for election to the
Company's Board of Directors at the Company's 2008 Annual Meeting. The Company
requested that OPP not currently submit the nominations to it and in exchange
for OPP's not doing so the Company extended until February 15, 2008 the date by
which OPP would need to submit the nominations. An agreement providing for the
extension was signed by the Company and OPP on January 24, 2008. OPP does not
plan to further delay submitting to the Company its nominations or other
proposals to be considered at the Annual Meeting beyond February 15, 2008.
Depending upon OPP's view of the Company's business and financial
prospects and general market conditions, the Partnerships may purchase
additional Shares or dispose of Shares at any time or from time to time.
Item 7. Exhibits.
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Joint filing agreement dated as of January 28, 2008 by and among
Oliver Press Partners, LLC, Oliver Press Investors, LLC, Augustus K. Oliver and
Clifford Press.
Signature
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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.
January 28, 2008
OLIVER PRESS INVESTORS, LLC
By: /s/ Augustus K. Oliver
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Augustus K. Oliver
Managing Member
OLIVER PRESS PARTNERS, LLC
By: /s/ Clifford Press
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Clifford Press
Managing Member
/s/ Augustus K. Oliver
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Augustus K. Oliver
/s/ Clifford Press
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Clifford Press
Attention: Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001).
EXHIBIT A
JOINT FILING AGREEMENT
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The undersigned agree that this Schedule 13D Amendment No. 3 relating
to the shares of common stock of Emageon Inc. is filed jointly on behalf of each
of the undersigned pursuant to Rule 13d-1(k).
January 28, 2008
OLIVER PRESS INVESTORS, LLC
By: /s/ Augustus K. Oliver
---------------------------------
Augustus K. Oliver
Managing Member
OLIVER PRESS PARTNERS, LLC
By: /s/ Clifford Press
---------------------------------
Clifford Press
Managing Member
/s/ Augustus K. Oliver
------------------------------------
Augustus K. Oliver
/s/ Clifford Press
------------------------------------
Clifford Press