UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-
1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
WestCoast Hospitality Corporation
---------------------------------
(Name of Issuer)
Common Stock, par value $0.01 per share
---------------------------------------
(Title of Class of Securities)
95750P106
---------
(CUSIP Number)
Mr. James A. Mitarotonda
c/o Barington Companies Equity Partners, L.P.
888 Seventh Avenue, 17th Floor
New York, NY 10019
(212) 974-5700
--------------
(Name, Address and Telephone Number of
Person Authorized to Receive Notices
and Communications)
July 8, 2005
------------
(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: |_|.
SCHEDULE 13D
CUSIP No. 95750P106
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Barington Companies Equity Partners, L.P. 13-4088890
_____________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) |_|
______________________________________________________________________________
3) SEC USE ONLY
______________________________________________________________________________
4) SOURCE OF FUNDS WC
______________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
______________________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
______________________________________________________________________________
7) SOLE VOTING POWER
NUMBER OF 303,770
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 303,770
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
303,770
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.32%
______________________________________________________________________________
14) TYPE OF REPORTING PERSON
PN
______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 95750P106
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Barington Companies Investors, LLC 13-4126527
_____________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(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
Delaware
______________________________________________________________________________
7) SOLE VOTING POWER
NUMBER OF 303,770
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 303,770
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
303,770
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.32%
______________________________________________________________________________
14) TYPE OF REPORTING PERSON
OO
______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 95750P106
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Barington Companies Offshore Fund, Ltd. (BVI)
______________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) |_|
______________________________________________________________________________
3) SEC USE ONLY
______________________________________________________________________________
4) SOURCE OF FUNDS WC
______________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
______________________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
______________________________________________________________________________
7) SOLE VOTING POWER
NUMBER OF 131,499
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 131,499
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
131,499
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1%
______________________________________________________________________________
14) TYPE OF REPORTING PERSON
OO
______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 95750P106
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Barington Investments, L.P. 20-2871525
______________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) |_|
______________________________________________________________________________
3) SEC USE ONLY
______________________________________________________________________________
4) SOURCE OF FUNDS WC
______________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
______________________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
______________________________________________________________________________
7) SOLE VOTING POWER
NUMBER OF 257,815
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 257,815
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
257,815
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.97%
______________________________________________________________________________
14) TYPE OF REPORTING PERSON
PN
______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 95750P106
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Barington Companies Advisors, LLC 20-0327470
______________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(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
Delaware
______________________________________________________________________________
7) SOLE VOTING POWER
NUMBER OF 389,314
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 389,314
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
389,314
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.98%
______________________________________________________________________________
14) TYPE OF REPORTING PERSON
IA, OO
______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 95750P106
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Barington Capital Group, L.P. 13-3635132
______________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(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
New York
______________________________________________________________________________
7) SOLE VOTING POWER
NUMBER OF 693,084
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 693,084
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
693,084
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.3%
______________________________________________________________________________
14) TYPE OF REPORTING PERSON
PN
______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 95750P106
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
LNA Capital Corp. 13-3635168
______________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(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
Delaware
______________________________________________________________________________
7) SOLE VOTING POWER
NUMBER OF 693,084
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 693,084
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
693,084
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.3%
______________________________________________________________________________
14) TYPE OF REPORTING PERSON
CO
______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 95750P106
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
James Mitarotonda
_____________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(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
United States
______________________________________________________________________________
7) SOLE VOTING POWER
NUMBER OF 693,084
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 693,084
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
693,084
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.3%
______________________________________________________________________________
14) TYPE OF REPORTING PERSON
IN
______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 95750P106
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Parche, LLC 20-0870632
______________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) |_|
______________________________________________________________________________
3) SEC USE ONLY
______________________________________________________________________________
4) SOURCE OF FUNDS WC
______________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
______________________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
______________________________________________________________________________
7) SOLE VOTING POWER
NUMBER OF 27,619
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 27,619
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
27,619
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.21%
______________________________________________________________________________
14) TYPE OF REPORTING PERSON
OO
______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 95750P106
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Starboard Value & Opportunity Fund, LLC 37-1484524
______________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) |_|
______________________________________________________________________________
3) SEC USE ONLY
______________________________________________________________________________
4) SOURCE OF FUNDS WC
______________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
______________________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
______________________________________________________________________________
7) SOLE VOTING POWER
NUMBER OF 144,997
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 144,997
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
144,997
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.11%
______________________________________________________________________________
14) TYPE OF REPORTING PERSON
OO
______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 95750P106
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Admiral Advisors, LLC 37-1484525
______________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(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
Delaware
______________________________________________________________________________
7) SOLE VOTING POWER
NUMBER OF 172,616
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 172,616
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
172,616
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.32%
______________________________________________________________________________
14) TYPE OF REPORTING PERSON
OO
______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 95750P106
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ramius Capital Group, LLC 13-3937658
_____________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(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
Delaware
______________________________________________________________________________
7) SOLE VOTING POWER
NUMBER OF 172,616
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 172,616
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
172,616
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.32%
______________________________________________________________________________
14) TYPE OF REPORTING PERSON
IA, OO
______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 95750P106
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
C4S & Co., LLC 13-3946794
______________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(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
Delaware
______________________________________________________________________________
7) SOLE VOTING POWER
NUMBER OF 172,616
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 172,616
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
172,616
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.32%
______________________________________________________________________________
14) TYPE OF REPORTING PERSON
OO
______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 95750P106
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Peter A. Cohen
______________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(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
United States
______________________________________________________________________________
7) SOLE VOTING POWER
NUMBER OF none
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 172,616
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON none
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
172,616
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
172,616
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.32%
______________________________________________________________________________
14) TYPE OF REPORTING PERSON
IN
______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 95750P106
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Morgan B. Stark
______________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(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
United States
______________________________________________________________________________
7) SOLE VOTING POWER
NUMBER OF none
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 172,616
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON none
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
172,616
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
172,616
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.32%
______________________________________________________________________________
14) TYPE OF REPORTING PERSON
IN
______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 95750P106
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jeffrey M. Solomon
_____________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(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
United States
______________________________________________________________________________
7) SOLE VOTING POWER
NUMBER OF none
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 172,616
EACH ___________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON none
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
172,616
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
172,616
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.32%
______________________________________________________________________________
14) TYPE OF REPORTING PERSON
IN
______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 95750P106
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Thomas W. Strauss
______________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(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
United States
______________________________________________________________________________
7) SOLE VOTING POWER
NUMBER OF none
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 172,616
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON none
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
172,616
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
172,616
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.32%
______________________________________________________________________________
14) TYPE OF REPORTING PERSON
IN
______________________________________________________________________________
Item 1. Security and Issuer.
This statement on Schedule 13D (the "Statement") relates to the common
stock, par value $0.01 per share (the "Common Stock"), of WestCoast Hospitality
Corporation, a Washington corporation (the "Company"). The principal executive
offices of the Company are located at 201 West North River Drive, Suite 100,
Spokane, Washington 99201.
Item 2. Identity and Background.
(a) - (c) This Statement is being filed by Barington Companies Equity
Partners, L.P., Barington Companies Investors, LLC, Barington Companies Offshore
Fund, Ltd. (BVI), Barington Investments, L.P., Barington Companies Advisors,
LLC, Barington Capital Group, L.P., LNA Capital Corp., James Mitarotonda,
Parche, LLC, Starboard Value & Opportunity Fund, LLC, Admiral Advisors, LLC,
Ramius Capital Group, LLC, C4S & Co., LLC, Peter A. Cohen, Morgan B. Stark,
Jeffrey M. Solomon and Thomas W. Strauss (each, a "Reporting Entity" and,
collectively, the "Reporting Entities").
As of the date of this filing, the Reporting Entities are the beneficial
owners of, in the aggregate, 865,700 shares of Common Stock, representing
approximately 6.62% of the shares of Common Stock presently outstanding.
Barington Companies Equity Partners, L.P. is a Delaware limited
partnership formed to engage in the business of acquiring, holding and disposing
of investments in various companies. The address of the principal business and
principal office of Barington Companies Equity Partners, L.P. is 888 Seventh
Avenue, 17th Floor, New York, New York 10019.
Barington Companies Offshore Fund, Ltd. (BVI) is a limited company
organized under the laws of the British Virgin Islands formed to engage in the
business of acquiring, holding and disposing of investments in various
companies. The address of the principal business and principal office of
Barington Companies Offshore Fund, Ltd. (BVI) is c/o Bison Financial Services
LTD, Bison Court, Road Town, Tortola, British Virgin Islands. The officers and
directors of Barington Companies Offshore Fund, Ltd. (BVI) and their principal
occupations and business addresses are set forth on Schedule I and incorporated
by reference in this Item 2.
Barington Investments, L.P. is a Delaware limited partnership formed to
engage in the business of acquiring, holding and disposing of investments in
various companies. The address of the principal business and principal office of
Barington Companies Equity Partners, L.P. is 888 Seventh Avenue, 17th Floor, New
York, New York 10019. The general partner of Barington Investments, L.P. is
Barington Companies Advisors, LLC and the limited partner is Millennium
Partners, L.P.
The general partner of Barington Companies Equity Partners, L.P. is
Barington Companies Investors, LLC. Barington Companies Investors, LLC is a
Delaware limited liability company formed to be the general partner of Barington
Companies Equity Partners, L.P. The address of the principal business and
principal office of Barington Companies Investors, LLC is 888 Seventh Avenue,
17th Floor, New York, New York 10019. James Mitarotonda is the Managing Member
of Barington Companies Investors, LLC. The business address of Mr.
Mitarotonda is c/o Barington Capital Group, L.P., 888 Seventh Avenue, 17th
Floor, New York, New York 10019.
Barington Companies Investors, LLC is a majority-owned subsidiary of
Barington Capital Group, L.P. Barington Capital Group, L.P. is a New York
limited partnership formed to engage in the business of acquiring, holding and
disposing of investments in various companies. The address of the principal
business and principal office of Barington Capital Group, L.P. is 888 Seventh
Avenue, 17th Floor, New York, New York 10019.
Barington Capital Group, L.P. is also the Managing Member of Barington
Companies Advisors, LLC, the investment advisor of Barington Companies Offshore
Fund, Ltd. (BVI), which has voting power with respect to the shares owned by
Barington Companies Offshore Fund, Ltd. (BVI). Barington Companies Advisors, LLC
is a Delaware limited liability company formed to be the investment advisor of
Barington Companies Offshore Fund, Ltd. (BVI). The address of the principal
business and principal office of Barington Companies Advisors, LLC is 888
Seventh Avenue, 17th Floor, New York, New York 10019.
The general partner of Barington Capital Group, L.P. is LNA Capital Corp.
LNA Capital Corp. is a Delaware corporation formed to be the general partner of
Barington Capital Group, L.P. The address of the principal business and
principal office of LNA Capital Corp. is c/o Barington Capital Group, L.P., 888
Seventh Avenue, 17th Floor, New York, New York 10019. James Mitarotonda is the
sole stockholder and director of LNA Capital Corp. The officers of LNA and their
principal occupations and business addresses are set forth on Schedule II and
incorporated by reference in this Item 2.
Each of Starboard Value & Opportunity Fund, LLC and Parche, LLC is a
Delaware limited liability company formed for the purpose of making equity
investments and, on occasion, taking an active role in the management of
portfolio companies in order to enhance shareholder value. The address of the
principal business and principal office of Starboard Value & Opportunity Fund,
LLC and Parche, LLC is 666 Third Avenue, 26th Floor, New York, New York 10017.
The Managing Member of each of Starboard Value & Opportunity Fund, LLC and
Parche, LLC is Admiral Advisors, LLC, a Delaware limited liability company
formed to be the managing member of Starboard Value & Opportunity Fund, LLC and
Parche, LLC. The address of the principal business and principal office of
Admiral Advisors, LLC is 666 Third Avenue, 26th Floor, New York, New York 10017.
The sole member of Admiral Advisors, LLC is Ramius Capital Group, LLC.
Ramius Capital Group, LLC is a Delaware limited liability company that is
engaged in money management and investment advisory services for third parties
and proprietary accounts. The address of the principal business and principal
office of Ramius Capital Group, LLC is 666 Third Avenue, 26th Floor, New York,
New York 10017. The Managing Member of Ramius Capital Group, LLC is C4S & Co.,
LLC, a Delaware limited liability company formed to be the managing member of
Ramius Capital Group, LLC. The address of the principal business and principal
office of C4S & Co., LLC is 666 Third Avenue, 26th Floor, New York, New York
10017. Each of Peter A. Cohen, Morgan B. Stark, Jeffrey M. Solomon and Thomas W.
Strauss
is a Managing Member of C4S & Co., LLC. The business address of each of Messrs.
Cohen, Stark, Solomon and Strauss is 666 Third Avenue, 26th Floor, New York, New
York 10017.
The Reporting Entities do not believe that certain of the foregoing
information is called for by the Items of Schedule 13D and are disclosing it for
supplemental purposes only.
(d) - (e) During the last five years, none of the Reporting Entities or
any other person identified in response to this Item 2 was convicted in a
criminal proceeding (excluding traffic violations and similar misdemeanors) or
was a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding 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.
(f) Each natural person identified in Item 2 is a citizen of the United
States, other than Graham Cook, a director of Barington Companies Offshore Fund,
Ltd. (BVI), who is a citizen of the United Kingdom.
Item 3. Source and Amount of Funds or Other Consideration.
All purchases of Common Stock by the Reporting Entities were made in open
market transactions except to the extent set forth below. The transactions
effected in the past 60 days are described in the attached Schedule III. All
such purchases of Common Stock were funded by working capital, which may, at any
given time, include margin loans made by brokerage firms in the ordinary course
of business. The amount of funds expended for such purchases was approximately
$1,967,248.69 by Barington Companies Equity Partners, L.P., $856,029.87 by
Barington Companies Offshore Fund Ltd. (BVI), $1,727,004.40 by Barington
Investments, L.P., $179,523.50 by Parche, LLC and $917,358 by Starboard Value &
Opportunity Fund, LLC.
Certain shares reported in the Statement as owned by Parche, LLC were
acquired in private transactions with various transferors for which Ramius
Capital Group, LLC or an affiliate serves as the investment manager, the
managing member or the managing member of the investment manager. Ramius Capital
Group, LLC is the sole member of Admiral Advisors, LLC, which is the managing
member of Parche, LLC. Parche, LLC acquired from such transferors an aggregate
of 27,619 shares of Common Stock on July 8, 2005 at a per share price of $6.50,
equal to the lowest reported sales price on the New York Stock Exchange on the
date the transaction was completed, or an aggregate of $179,523.50. The total of
27,619 shares transferred to Parche, LLC were initially acquired by the
transferors for an aggregate of $174,738.44 (excluding commissions and other
execution related costs). Such transferors did not effect any transactions in
the Common Stock within the 60 days prior to the filing of the Statement. The
Reporting Entities do not believe that the information contained in this
paragraph is called for by the Items of Schedule 13D and are disclosing it for
supplemental informational purposes only.
Item 4. Purpose of Transaction.
Each of the Reporting Entities acquired beneficial ownership of the
shares of Common Stock to which this Statement relates in order to obtain a
significant equity position in the Company, the Common Stock of which, in the
opinion of the Reporting Entities, has been undervalued.
The Reporting Entities consider their equity position to be for
investment purposes only. Each of the Reporting Entities may acquire
additional shares of Common Stock or sell or otherwise dispose of any or all
of the shares of Common Stock beneficially owned by it, in the open market,
in privately negotiated transactions or otherwise. The Reporting Entities
may also take any other action with respect to the Company or any of its debt
or equity securities in any manner permitted by law.
Except as set forth in this Item 4, none of the Reporting Entities have
any present plans or proposals that relate to or would result in any of the
actions specified in clauses (a) through (j) of the instructions to Item 4 of
Schedule 13D. The Reporting Entities intend to review their investment in
the Company on a continuing basis. The Reporting Entities have had
preliminary communications with representatives of the Company, including the
Company's President and Chief Executive Officer, and desire to continue to
engage in discussions with management and the Board of Directors of the
Company concerning the business, operations and future plans of the Company
as well as measures the Reporting Entities believe will help maximize
shareholder value for the benefit of all of the Company's stockholders.
Depending on various factors including, without limitation, the willingness
of management and the Board of Directors of the Company to meet with the
Reporting Entities, the Company's financial position and business strategy,
the price levels of the shares of Common Stock, conditions in the securities
markets and general economic and industry conditions, the Reporting Entities
may in the future take such actions with respect to their investment in the
Company as they deem appropriate including, without limitation, seeking Board
representation, making proposals to the Company concerning changes to the
capitalization, ownership structure or operations of the Company, purchasing
additional shares of Common Stock, selling some or all of their shares of
Common Stock or changing their intention with respect to any and all matters
referred to in this Item 4.
Item 5. Interest in Securities of the Issuer.
(a) As of the date hereof, Barington Companies Equity Partners, L.P.
beneficially owns an aggregate of 303,770 shares of Common Stock, representing
approximately 2.32% of the shares of Common Stock presently outstanding based
upon the 13,086,176 shares of Common Stock reported by the Company to be issued
and outstanding as of April 28, 2005 in its Form 10-Q filed with the Securities
and Exchange Commission on May 4, 2005 (the "Issued and Outstanding Shares"). As
the general partner of Barington Companies Equity Partners, L.P., Barington
Companies Investors, LLC may be deemed to beneficially own the 303,770 shares of
Common Stock owned by Barington Companies Equity Partners, L.P.
As of the date hereof, Barington Companies Offshore Fund, Ltd. (BVI)
beneficially owns 131,499 shares of Common Stock, constituting approximately 1%
of the Issued and Outstanding Shares. As of the date hereof, Barington
Investments, L.P. beneficially owns 257,815 shares of Common Stock. As the
investment advisor to Barington Companies Offshore Fund, Ltd. (BVI) and the
general partner of Barington Investments, L.P., Barington Companies Advisors,
LLC may be deemed to beneficially own the 131,499 shares of Common Stock owned
by Barington Companies Offshore Fund, Ltd. (BVI) and the 257,815 shares of
Common Stock owned by Barington Investments, L.P., representing an aggregate of
389,314 shares, constituting approximately 2.98% of the Issued and Outstanding
Shares. As the Managing Member of Barington Companies Advisors, LLC, Barington
Capital Group, L.P. may be deemed to beneficially own the 257,815 shares of
Common Stock beneficially owned by Barington Investments, L.P. and the 131,499
shares of Common Stock owned by Barington Companies Offshore Fund, Ltd. (BVI).
As the majority member of Barington Companies Investors, LLC, Barington Capital
Group, L.P. may also be deemed to beneficially own the 303,770 shares of Common
Stock owned by Barington Companies Equity Partners, L.P., representing an
aggregate of 693,084 shares, constituting approximately 5.3% of the Issued and
Outstanding Shares. As the general partner of Barington Capital Group, L.P., LNA
Capital Corp. may be deemed to beneficially own the 303,770 shares owned by
Barington Companies Equity Partners, L.P., the 257,815 shares of Common Stock
beneficially owned by Barington Investments, L.P. and the 131,499 shares owned
by Barington Companies Offshore Fund, Ltd. (BVI), representing an aggregate of
693,084 shares, constituting approximately 5.3% of the Issued and Outstanding
Shares. As the sole stockholder and director of LNA Capital Corp., Mr.
Mitarotonda may be deemed to beneficially own the 303,770 shares owned by
Barington Companies Equity Partners, L.P., the 257,815 shares of Common Stock
beneficially owned by Barington Investments, L.P. and the 131,499 shares owned
by Barington Companies Offshore Fund, Ltd. (BVI), representing
an aggregate of 693,084 shares, constituting approximately 5.3% of the Issued
and Outstanding Shares. Mr. Mitarotonda has sole voting and dispositive power
with respect to the 303,770 shares owned by Barington Companies Equity Partners,
L.P., the 257,815 shares of Common Stock beneficially owned by Barington
Investments, L.P. and the 131,499 shares owned by Barington Companies Offshore
Fund, Ltd. (BVI). Mr. Mitarotonda disclaims beneficial ownership of any such
shares except to the extent of his pecuniary interest therein.
As of the date hereof, each of Parche, LLC and Starboard Value &
Opportunity Fund, LLC beneficially own 27,619 and 144,997 shares of Common
Stock, respectively, constituting approximately 0.21% and 1.11%, respectively,
of the Issued and Outstanding Shares. As the Managing Member of each of Parche,
LLC and Starboard Value & Opportunity Fund, LLC, Admiral Advisors, LLC may be
deemed to beneficially own the 27,619 shares and the 144,997 shares,
respectively, of Common Stock owned by Parche, LLC and Starboard Value &
Opportunity Fund, LLC, representing an aggregate of 172,616 shares, constituting
approximately 1.32% of the Issued and Outstanding Shares. As the sole member of
Admiral Advisors, LLC, Ramius Capital Group, LLC may be deemed to beneficially
own the 27,619 shares and the 144,997 shares of Common Stock owned by Parche,
LLC and Starboard Value & Opportunity Fund, respectively, representing an
aggregate of 172,616 shares, constituting approximately 1.32% of the Issued and
Outstanding Shares. As the Managing Member of Ramius Capital Group, LLC, C4S &
Co., LLC may be deemed to beneficially own the 27,619 shares and the 144,997
shares of Common Stock owned by Parche, LLC and Starboard Value & Opportunity
Fund, LLC, respectively, representing an aggregate of 172,616 shares,
constituting approximately 1.32% of the Issued and Outstanding Shares. As the
Managing Members of C4S & Co., LLC, each of Peter A. Cohen, Morgan B. Stark,
Jeffrey M. Solomon and Thomas W. Strauss may be deemed to beneficially own the
27,619 shares and the 144,997 shares of Common Stock owned by Parche, LLC and
Starboard Value & Opportunity Fund, LLC, respectively, representing an aggregate
of 172,616 shares, constituting approximately 1.32% of the Issued and
Outstanding Shares. Each of Messrs. Cohen, Stark, Solomon and Strauss share
voting and dispositive power with respect to the 27,619 shares and the 144,997
shares owned by Parche, LLC, and Starboard Value & Opportunity Fund, LLC
respectively, by virtue of their shared authority to vote and dispose of such
shares. Messrs. Cohen, Stark, Solomon & Strauss disclaim beneficial ownership of
such shares.
The Reporting Entities do not believe that certain of the foregoing
information is called for by the Items of Schedule 13D and are disclosing it for
supplemental informational purposes only. Information with respect to each of
the Reporting Entities is given solely by such Reporting Entity and no Reporting
Entity shall have responsibility for the accuracy or completeness of information
supplied by another Reporting Entity.
(b) Each of the Reporting Entities may be deemed to have sole voting and
dispositive power over the shares of Common Stock reported as beneficially owned
by such person by virtue of their respective positions as described in paragraph
(a), except that Messrs. Cohen, Stark, Solomon and Strauss have shared authority
to vote and dispose of the shares reported as beneficially owned by them.
Messrs. Cohen, Stark, Solomon and Strauss disclaim beneficial ownership of such
shares. Except as set forth above, each of the other Reporting Entities may be
deemed to have sole voting and dispositive power with respect to the shares each
reports as beneficially owned by such person, regardless of the fact that
multiple Reporting Entities within the same chain of ownership report sole
voting and dispositive power with respect to such shares.
Each such Reporting Entity reports sole voting and dispositive power with
respect to such shares based on such person's relationship to the other
Reporting Entities within the same chain of ownership. Except to the extent
expressly stated herein, each Reporting Entity disclaims beneficial ownership of
any shares of Common Stock beneficially owned by any other Reporting Entity.
(c) No person identified in Item 2 hereof has effected any transaction in
shares of such Common Stock during the 60 days preceding the date hereof, except
to the extent disclosed herein.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understanding or Relationships With Respect
to Securities of the Issuer.
Barington Capital Group, L.P. or one or more of its affiliates expect to
receive from Starboard Value & Opportunity Fund, LLC and Parche, LLC a fee with
respect to certain profits those entities may derive from their investment in
the Common Stock of the Company. An agreement between the parties with respect
to the foregoing has not yet been formalized.
Barington Companies Advisors, LLC is compensated for its services as the
general partner of Barington Investments, L.P. by an affiliate of Millennium
Partners, L.P., the limited partner, pursuant to a separate agreement.
Item 7. Material to be Filed as Exhibits.
Exhibit No. Exhibit Description
--------------------------------------------------------------------------------
99.1 Agreement of Joint Filing among Barington Companies Equity
Partners, L.P., Barington Companies Investors, LLC, James
Mitarotonda, Barington Companies Offshore Fund, Ltd.,
Barington Investments, L.P., Barington Companies Advisors,
LLC, Barington Capital Group, L.P., LNA Capital Corp., Parche,
LLC, Starboard Value & Opportunity Fund, LLC, Admiral
Advisors, LLC, Ramius Capital Group, LLC, C4S & Co., LLC,
Peter A. Cohen, Morgan B. Stark, Jeffrey M. Solomon and
Thomas W. Strauss dated July 18, 2005.
--------------------------------------------------------------------------------
99.2 Power of attorney for Peter A. Cohen, Morgan B. Stark, Thomas
W. Strauss and Jeffrey M. Solomon dated March 11, 2005.
--------------------------------------------------------------------------------
SIGNATURES
----------
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certify that the information set forth in this
Statement is true, complete and correct.
Dated: July 18, 2005
BARINGTON COMPANIES EQUITY PARTNERS, L.P.
By: Barington Companies Investors, LLC,
its general partner
By: /s/ James A. Mitarotonda
-------------------------------------
Name: James A. Mitarotonda
Title: Managing Member
BARINGTON COMPANIES INVESTORS, LLC
By: /s/ James A. Mitarotonda
-------------------------------------
Name: James A. Mitarotonda
Title: Managing Member
/s/ James A. Mitarotonda
----------------------------------------
James A. Mitarotonda
BARINGTON COMPANIES OFFSHORE FUND, LTD.
(BVI)
By: /s/ James A. Mitarotonda
--------------------------------------
Name: James A. Mitarotonda
Title: Manager
BARINGTON INVESTMENTS, L.P.
By: Barington Companies Advisors, LLC,
its general partner
By: /s/ James A. Mitarotonda
--------------------------------------
Name: James A. Mitarotonda
Title: Authorized Signatory
BARINGTON COMPANIES ADVISORS, LLC
By: /s/ James A. Mitarotonda
--------------------------------------
Name: James A. Mitarotonda
Title: Authorized Signatory
BARINGTON CAPITAL GROUP, L.P.
By: LNA Capital Corp., its general partner
By: /s/ James A. Mitarotonda
-------------------------------------
Name: James A. Mitarotonda
Title: President and CEO
LNA CAPITAL CORP.
By: /s/ James A. Mitarotonda
-------------------------------------
Name: James A. Mitarotonda
Title: President and CEO
PARCHE, LLC
By: Admiral Advisors, LLC, its managing
member
By: /s/ Jeffrey M. Solomon
--------------------------------------
Name: Jeffrey M. Solomon
Title: Authorized Signatory
STARBOARD VALUE & OPPORTUNITY FUND, LLC
By: Admiral Advisors, LLC, its managing
member
By: /s/ Jeffrey M. Solomon
--------------------------------------
Name: Jeffrey M. Solomon
Title: Authorized Signatory
ADMIRAL ADVISORS, LLC
By: Ramius Capital Group, LLC, its
sole member
By: /s/ Jeffrey M. Solomon
--------------------------------------
Name: Jeffrey M. Solomon
Title: Authorized Signatory
RAMIUS CAPITAL GROUP, LLC
By: C4S & Co., LLC, its Managing Member
By: /s/ Jeffrey M. Solomon
--------------------------------------
Name: Jeffrey M. Solomon
Title: Managing Member
C4S & CO., LLC
By: /s/ Jeffrey M. Solomon
--------------------------------------
Name: Jeffrey M. Solomon
Title: Managing Member
/s/ Jeffrey M. Solomon
-----------------------------------------
Jeffrey M. Solomon, individually and as
attorney-in-fact for Peter A. Cohen,
Morgan B. Stark, and Thomas W. Strauss
SCHEDULE I
Directors and Officers of Barington Companies Offshore Fund, Ltd. (BVI)
Name and Position Principal Occupation Principal Business Address
----------------- -------------------- --------------------------
James A. Mitarotonda Chairman of Barington 888 Seventh Avenue
Director and President Capital Group, L.P. 17th Floor
New York, NY 10019
Sebastian E. Cassetta Executive Vice President and 888 Seventh Avenue
Director Chief Operating Officer of 17th Floor
Barington Capital Group, L.P. New York, NY 10019
Edith Conyers General Manager of Forum Washington Mall 1, 3rd Flr.
Director Fund Services, Ltd. 22 Church Street
Hamilton HM11, Bermuda
Graham Cook Director/Manager, Corporate Bison Court
Director Services of Bison Financial P.O. Box 3460
Services, Ltd. Road Town, Tortola
British Virgin Islands
Forum Fund Services, Ltd. Fund Administration Washington Mall 1, 3rd Flr.
Secretary 22 Church Street
Hamilton HM11, Bermuda
Melvyn Brunt Chief Financial Officer of 888 Seventh Avenue
Treasurer Barington Capital Group, L.P. 17th Floor
New York, NY 10019
SCHEDULE II
Officers of LNA Capital Corp.
Name and Position Principal Occupation Principal Business Address
----------------- -------------------- --------------------------
James A. Mitarotonda Chairman of Barington 888 Seventh Avenue
President and CEO Capital Group, L.P. 17th Floor
New York, NY 10019
Sebastian E. Cassetta Executive Vice President 888 Seventh Avenue
Secretary and Chief Operating Officer 17th Floor
of Barington Capital Group, L.P. New York, NY 10019
Melvyn Brunt Chief Financial Officer of 888 Seventh Avenue
Treasurer Barington Capital Group, L.P. 17th Floor
New York, NY 10019
SCHEDULE III
This schedule sets forth information with respect to each purchase of
Common Stock which was effectuated by a Reporting Entity during the past 60
days. All transactions were effectuated in the open market through a broker
except for the transaction described in Item 3 above.
Shares purchased by Barington Companies Equity Partners, L.P.
Number of
Date Shares Price Per Share Cost(*)
---- --------- --------------- -----------
5/26/2005 3,000 6.747 20,241.00
5/31/2005 260 6.735 1,751.10
6/1/2005 4,100 6.750 27,675.00
6/7/2005 560 6.729 3,768.24
6/8/2005 360 6.750 2,430.00
6/9/2005 100 6.700 670.00
6/10/2005 380 6.700 2,546.00
6/13/2005 60 6.700 402.00
6/14/2005 60 6.700 402.00
6/15/2005 60 6.700 402.00
6/17/2005 60 6.750 405.00
6/20/2005 100 6.730 673.00
6/21/2005 2,940 6.694 19,680.36
6/22/2005 1,000 6.646 6,646.00
6/23/2005 300 6.630 1,989.00
6/24/2005 250 6.620 1,655.00
6/27/2005 400 6.650 2,660.00
7/8/2005 45,000 6.500 292,500.00
7/11/2005 45,800 6.400 293,120.00
Shares purchased by Barington Companies Offshore Fund, Ltd.
Number of
Date Shares Price Per Share Cost(*)
------- --------- --------------- -----------
5/26/2005 3,000 6.747 20,241.00
5/31/2005 260 6.735 1,751.10
6/1/2005 4,100 6.750 27,675.00
6/7/2005 560 6.729 3,768.24
6/8/2005 360 6.750 2,430.00
6/9/2005 100 6.700 670.00
6/10/2005 380 6.700 2,546.00
6/13/2005 60 6.700 402.00
6/14/2005 60 6.700 402.00
6/15/2005 60 6.700 402.00
6/17/2005 60 6.750 405.00
6/20/2005 100 6.730 673.00
6/21/2005 2,940 6.694 19,680.36
6/22/2005 1,000 6.646 6,646.00
6/23/2005 180 6.630 1,193.40
6/24/2005 150 6.620 993.00
6/27/2005 240 6.650 1,596.00
7/8/2005 33,750 6.500 219,375.00
7/11/2005 34,350 6.400 219,840.00
Shares purchased by Barington Investment, L.P.
Number of
Date Shares Price Per Share Cost(*)
------- --------- --------------- -----------
5/26/2005 9,000 6.747 60,723.00
5/31/2005 780 6.735 5,253.30
6/1/2005 12,300 6.750 83,025.00
6/7/2005 1,680 6.729 11,304.72
6/8/2005 1,080 6.750 7,290.00
6/9/2005 300 6.700 2,010.00
6/10/2005 1,140 6.700 7,638.00
6/13/2005 180 6.700 1,206.00
6/14/2005 180 6.700 1,206.00
6/15/2005 180 6.700 1,206.00
6/17/2005 180 6.750 1,215.00
6/20/2005 300 6.730 2,019.00
6/21/2005 8,820 6.694 59,041.08
6/22/2005 3,000 6.646 19,938.00
6/23/2005 120 6.630 795.60
6/24/2005 100 6.620 662.00
6/27/2005 160 6.650 1,064.00
7/8/2005 33,750 6.500 219,375.00
7/11/2005 34,350 6.400 219,840.00
Shares purchased by Parche, LLC
Number of
Date Shares Price Per Share Cost(*)
---- --------- --------------- -----------
7/8/2005 27,619 6.500 $179,523.50
------------
(*) Excludes commissions and other execution-related costs.