SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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)
(Amendment No. 1)(1)
STEWART & STEVENSON SERVICES, INC.
----------------------------------
(Name of Issuer)
COMMON STOCK
------------
(Title of Class of Securities)
860342104
--------------
(CUSIP Number)
STEVEN WOLOSKY, ESQ.
OLSHAN GRUNDMAN FROME ROSENZWEIG & WOLOSKY LLP
Park Avenue Tower
65 East 55th Street
New York, New York 10022
(212) 451-2300
---------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
MAY 1, 2006
-------------------------------------------------------
(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 Rule 13d-1(e), 13d-1(f) or 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 Rule 13d-7 for other
parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 48 Pages)
----------
(1) 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 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. 860342104 13D Page 2 of 48 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
STARBOARD VALUE AND OPPORTUNITY MASTER FUND LTD.
--------------------------------------------------------------------------------
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 ITEM 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 208,432
OWNED BY EACH -----------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
- 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
208,432
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
208,432
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.7%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 860342104 13D Page 3 of 48 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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 ITEM 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 258,383
OWNED BY EACH -----------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
- 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
258,383
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
258,383
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.9%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 860342104 13D Page 4 of 48 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
RCG AMBROSE MASTER FUND, LTD
--------------------------------------------------------------------------------
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 ITEM 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 109,307
OWNED BY EACH -----------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
- 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
109,307
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
109,307
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.4%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 860342104 13D Page 5 of 48 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
RCG HALIFAX FUND, LTD
--------------------------------------------------------------------------------
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 ITEM 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 112,674
OWNED BY EACH -----------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
- 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
112,674
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
112,674
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.4%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 860342104 13D Page 6 of 48 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
RAMIUS MASTER FUND, LTD.
--------------------------------------------------------------------------------
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 ITEM 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 509,800
OWNED BY EACH -----------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
- 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
509,800
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
509,800
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.7%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 860342104 13D Page 7 of 48 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
RAMIUS FUND III, LTD
--------------------------------------------------------------------------------
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 ITEM 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 29,593
OWNED BY EACH -----------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
- 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
29,593
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
29,593
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.1%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 860342104 13D Page 8 of 48 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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 ITEM 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 466,815
OWNED BY EACH -----------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
- 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
466,815
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
466,815
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.6%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA, OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 860342104 13D Page 9 of 48 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
RAMIUS ADVISORS, LLC 13-3954331
--------------------------------------------------------------------------------
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 ITEM 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 539,393
OWNED BY EACH -----------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
- 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
539,393
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
539,393
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.8%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA, OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 860342104 13D Page 10 of 48 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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 ITEM 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,228,189
OWNED BY EACH -----------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
- 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,228,189
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,228,189
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.2%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA, OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 860342104 13D Page 11 of 48 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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 ITEM 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,228,189
OWNED BY EACH -----------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
- 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,228,189
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,228,189
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.2%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 860342104 13D Page 12 of 48 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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 ITEM 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY EACH -----------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
1,228,189
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,228,189
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,228,189
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.2%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 860342104 13D Page 13 of 48 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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 ITEM 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY EACH -----------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
1,228,189
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,228,189
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,228,189
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.2%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 860342104 13D Page 14 of 48 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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 ITEM 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY EACH -----------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
1,228,189
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,228,189
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,228,189
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.2%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 860342104 13D Page 15 of 48 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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 ITEM 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY EACH -----------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
1,228,189
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,228,189
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,228,189
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.2%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 860342104 13D Page 16 of 48 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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 ITEM 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 75,928
OWNED BY EACH -----------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
- 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
75,928
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
75,928
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 860342104 13D Page 17 of 48 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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 ITEM 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY EACH -----------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
75,928
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
75,928
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
75,928
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 860342104 13D Page 18 of 48 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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 ITEM 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 44,508
OWNED BY EACH -----------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
- 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
44,508
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
44,508
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 860342104 13D Page 19 of 48 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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 ITEM 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 43,286
OWNED BY EACH -----------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
- 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
43,286
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
43,286
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.1%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 860342104 13D Page 20 of 48 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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 ITEM 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 43,286
OWNED BY EACH -----------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
75,928
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
43,286
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
75,928
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
119,214
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.4%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA, OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 860342104 13D Page 21 of 48 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
BARINGTON OFFSHORE ADVISORS, LLC 20-4797640
--------------------------------------------------------------------------------
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 ITEM 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 44,508
OWNED BY EACH -----------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
- 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
44,508
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
44,508
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA, OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 860342104 13D Page 22 of 48 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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 ITEM 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 163,722
OWNED BY EACH -----------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
- 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
163,722
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
163,722
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.6%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 860342104 13D Page 23 of 48 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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 ITEM 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 163,722
OWNED BY EACH -----------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
- 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
163,722
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
163,722
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.6%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 860342104 13D Page 24 of 48 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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 ITEM 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 163,722
OWNED BY EACH -----------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
- 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
163,722
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
163,722
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.6%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 860342104 13D Page 25 of 48 Pages
---------------------- ----------------------
The following constitutes Amendment No. 1 ("Amendment No. 1") to the
Schedule 13D filed by the undersigned. This Amendment No. 1 amends the Schedule
13D as specifically set forth.
Item 2 is hereby amended and supplemented as follows:
Ramius Fund III, Ltd ("Ramius Fund III") is hereby added as a
Reporting Person to the Schedule 13D. Ramius Fund III is an exempted company
organized under the laws of the Cayman Islands formed to be a private investment
fund. The address of the principal business and principal office of Ramius Fund
III is c/o Citco Fund Services (Cayman Islands) Limited, Corporate Center, West
Bay Road, Grand Cayman, Cayman Islands, British West Indies. The officers and
directors of Ramius Fund III and their respective principal occupations and
business addresses are set forth on Schedule B and are incorporated by reference
in this Item 2. Ramius Advisors serves as the investment manager for Ramius Fund
III.
Item 2(a)(xiv)-(xxi) is hereby amended and restated as follows:
(xiv) Barington Companies Equity Partners, L.P., a Delaware limited partnership
("Barington Companies Equity"), with respect to the Shares directly and
beneficially owned by it;
(xv) Barington Companies Investors, LLC, a Delaware limited liability company
("Barington Companies Investors"), the general partner of Barington
Companies Equity;
(xvi) Barington Companies Offshore Fund, Ltd. (BVI), an international business
company organized under the laws of the British Virgin Islands ("Barington
Companies Offshore"), with respect to the Shares directly and beneficially
owned by it;
(xvii) Barington Investments, L.P., a Delaware limited partnership ("Barington
Investments"), with respect to the Shares directly and beneficially owned
by it;
(xviii) Barington Companies Advisors, LLC, a Delaware limited liability company
("Barington Companies Advisors"), who serves as the investment advisor
to Barington Companies Equity and the general partner of Barington
Investments;
(xix) Barington Offshore Advisors, LLC, a Delaware limited liability company
("Barington Offshore Advisors"), who serves as the investment advisor to
Barington Companies Offshore;
(xx) Barington Capital Group, L.P., a New York limited partnership ("Barington
Capital"), the majority member of Barington Companies Investors, Barington
Companies Advisors and Barington Offshore Advisors;
(xxi) LNA Capital Corp., a Delaware corporation ("LNA"), the general partner of
Barington Capital;
(xxii) James Mitarotonda ("Mr. Mitarotonda"), the sole stockholder and director
of LNA;
Item 2(b) is hereby amended and supplemented as follows:
The address of the principal business and principal office of Barington Offshore
Advisors is 888 Seventh Avenue, 17th Floor, New York, New York 10019.
---------------------- ----------------------
CUSIP No. 860342104 13D Page 26 of 48 Pages
---------------------- ----------------------
The second paragraph of Item 2(c) is hereby amended and restated as follows:
The principal business of each of Barington Companies Equity, Barington
Companies Offshore, Barington Investments and Barington Capital is acquiring,
holding and disposing of investments in various companies. The principal
business of Barington Companies Advisors is serving as the investment advisor of
Barington Companies Equity and the general partner of Barington Investments. The
principal business of Barington Companies Investors is serving as the general
partner of Barington Companies Equity. The principal business of Barington
Offshore Advisors is serving as the investment advisor of Barington Companies
Offshore. The principal business of LNA is serving as the general partner of
Barington Capital.
The first paragraph of Item 3 is hereby amended and restated as follows:
The Shares purchased by Starboard, Parche, RCG Ambrose, RCG Halifax,
Ramius Master, Ramius Fund III, Barington Companies Equity, Barington Companies
Offshore and Barington Investments were purchased with the working capital of
such entities (which may, at any given time, include margin loans made by
brokerage firms in the ordinary course of business) in open market purchases,
except as otherwise noted, as set forth in Schedule A, which is incorporated by
reference herein. The aggregate purchase cost of the 1,228,189 Shares
beneficially owned in the aggregate by Starboard, Parche, RCG Ambrose, RCG
Halifax, Ramius Master and Ramius Fund III is approximately $40,223,190,
including brokerage commissions. The aggregate purchase cost of the 163,722
Shares beneficially owned in the aggregate by Barington Companies Equity,
Barington Companies Offshore and Barington Investments is approximately
$3,371,970.27, excluding brokerage commissions.
---------------------- ----------------------
CUSIP No. 860342104 13D Page 27 of 48 Pages
---------------------- ----------------------
Item 5. INTEREST IN SECURITIES OF THE ISSUER.
The aggregate percentage of Shares reported owned by each person
named herein is based upon 29,495,398 Shares outstanding, which is the total
number of Shares outstanding as reported in the Issuer's Annual Report on Form
10-K filed with the Securities and Exchange Commission on April 13, 2006.
A. Starboard
(a) As of May 5, 2006, Starboard beneficially owned 208,432 Shares.
Percentage: Approximately 0.7%
(b) 1. Sole power to vote or direct vote: 208,432
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 208,432
4. Shared power to dispose or direct the disposition: 0
(c) The transactions in the Shares by Starboard since March 31, 2006 are
set forth in Schedule A and is incorporated by reference.
B. Parche
(a) As of May 5, 2006, Parche beneficially owned 258,383 Shares.
Percentage: 0.9%
(b) 1. Sole power to vote or direct vote: 258,383
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 258,383
4. Shared power to dispose or direct the disposition: 0
(c) The transactions in the Shares by Parche since March 31, 2006 are
set forth in Schedule A and are incorporated by reference.
C. RCG Ambrose
(a) As of May 5, 2006, RCG Ambrose beneficially owned 109,307 Shares.
Percentage: 0.4%
(b) 1. Sole power to vote or direct vote: 109,307
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 109,307
4. Shared power to dispose or direct the disposition: 0
(c) The transactions in the Shares by RCG Ambrose since March 31, 2006
are set forth in Schedule A and are incorporated by reference.
---------------------- ----------------------
CUSIP No. 860342104 13D Page 28 of 48 Pages
---------------------- ----------------------
D. RCG Halifax
(a) As of May 5, 2006, RCG Halifax beneficially owned 112,674 Shares.
Percentage: 0.4%
(b) 1. Sole power to vote or direct vote: 112,674
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 112,674
4. Shared power to dispose or direct the disposition: 0
(c) The transactions in the Shares by RCG Halifax since March 31, 2006
are set forth in Schedule A and are incorporated by reference.
E. Ramius Master
(a) As of May 5, 2006, Ramius Master beneficially owned 509,800 Shares.
Percentage: 1.7%
(b) 1. Sole power to vote or direct vote: 509,800
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 509,800
4. Shared power to dispose or direct the disposition: 0
(c) The transactions in the Shares by Ramius Master since March 31, 2006
are set forth in Schedule A and are incorporated by reference.
F. Ramius Fund III
(a) As of May 5, 2006, Ramius Fund III beneficially owned 29,593 Shares.
Percentage: 0.1%
(b) 1. Sole power to vote or direct vote: 29,593
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 29,593
4. Shared power to dispose or direct the disposition: 0
(c) The transactions in the Shares by Ramius Fund III since March 31,
2006 are set forth in Schedule A and are incorporated by reference.
G. Admiral Advisors
(a) As of May 5, 2006, as the investment manager of Starboard and the
---------------------- ----------------------
CUSIP No. 860342104 13D Page 29 of 48 Pages
---------------------- ----------------------
managing member of Parche, Admiral Advisors may be deemed the beneficial owner
of (i) 208,432 Shares owned by Starboard and (ii) 258,383 Shares owned by
Parche.
Percentage: Approximately 1.6%
(b) 1. Sole power to vote or direct vote: 466,815
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 466,815
4. Shared power to dispose or direct the disposition: 0
(c) Admiral Advisors did not enter into any transactions in the Shares
since March 31, 2006. The transactions in the Shares since March 31, 2006 on
behalf of Starboard and Parche, which, except as otherwise noted, were all in
the open market, are set forth in Schedule A, and are incorporated by reference.
H. Ramius Advisors
(a) As of May 5, 2006, as the investment advisor of Ramius Master and
Ramius Fund III, Ramius Advisors may be deemed the beneficial owner of 509,800
Shares owned by Ramius Master and 29,593 Shares owned by Ramius Fund III.
Percentage: 1.8%
(b) 1. Sole power to vote or direct vote: 539,393
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 539,393
4. Shared power to dispose or direct the disposition: 0
(c) Ramius Advisors did not enter into any transactions in the Shares
since March 31, 2006. The transactions in the Shares since March 31, 2006 on
behalf of Ramius Master and Ramius Fund III, which, except as otherwise noted,
were all in the open market, are set forth in Schedule A, and are incorporated
by reference.
I. Ramius Capital
(a) As of May 5, 2006, as the sole member of Admiral Advisors and Ramius
Advisors (the investment manager of Ramius Master) and as the investment manager
of RCG Halifax and RCG Ambrose, Ramius Capital may be deemed the beneficial
owner of (i) 208,432 Shares owned by Starboard, (ii) 258,383 Shares owned by
Parche, (iii) 109,307 Shares owned by RCG Ambrose, (iv) 112,674 Shares owned by
RCG Halifax, (v) 509,800 Shares owned by Ramius Master and (vi) 29,593 Shares
owned by Ramius Fund III.
Percentage: Approximately 4.2%
(b) 1. Sole power to vote or direct vote: 1,228,189
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 1,228,189
---------------------- ----------------------
CUSIP No. 860342104 13D Page 30 of 48 Pages
---------------------- ----------------------
4. Shared power to dispose or direct the disposition: 0
(c) Ramius Capital did not enter into any transactions in the Shares
since March 31, 2006. The transactions in the Shares since March 31, 2006 on
behalf of Starboard, Parche, RCG Ambrose, RCG Halifax, Ramius Master and Ramius
Fund III are set forth in Schedule A, and are incorporated herein by reference.
J. C4S
(a) As of May 5, 2006, as the managing member of Ramius Capital, C4S may
be deemed the beneficial owner of (i) 208,432 Shares owned by Starboard, (ii)
258,383 Shares owned by Parche, (iii) 109,307 Shares owned by RCG Ambrose, (iv)
112,674 Shares owned by RCG Halifax, (v) 509,800 Shares owned by Ramius Master
and (vi) 29,593 Shares owned by Ramius Fund III.
Percentage: Approximately 4.2%
(b) 1. Sole power to vote or direct vote: 1,228,189
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 1,228,189
4. Shared power to dispose or direct the disposition: 0
(c) C4S did not enter into any transactions in the Shares since March
31, 2006. The transactions in the Shares since March 31, 2006 on behalf of
Starboard, Parche, RCG Ambrose, RCG Halifax, Ramius Master and Ramius Fund III
are set forth in Schedule A and are incorporated by reference.
K. Mr. Cohen, Mr. Stark, Mr. Strauss and Mr. Solomon
(a) As of May 5, 2006, as the managing members of C4S, each of Mr.
Cohen, Mr. Stark, Mr. Strauss and Mr. Solomon may be deemed the beneficial owner
of (i) 208,432 Shares owned by Starboard, (ii) 258,383 Shares owned by Parche,
(iii) 109,307 Shares owned by RCG Ambrose, (iv) 112,674 Shares owned by RCG
Halifax, (v) 509,800 Shares owned by Ramius Master and (vi) 29,593 Shares owned
by Ramius Fund III . Each of Messrs. Cohen, Stark, Solomon and Strauss share
voting and dispositive power with respect to the Shares owned by Starboard,
Parche, RCG Ambrose, RCG Halifax, Ramius Master and Ramius Fund III by virtue of
their shared authority to vote and dispose of such Shares. Messrs. Cohen, Stark,
Solomon and Strauss disclaim beneficial ownership of such Shares.
Percentage: Approximately 4.2%
(b) 1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 1,228,189
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 1,228,189
(c) None of Mr. Cohen, Mr. Stark, Mr. Strauss or Mr. Solomon have
---------------------- ----------------------
CUSIP No. 860342104 13D Page 31 of 48 Pages
---------------------- ----------------------
entered into any transactions in the Shares since March 31, 2006. The
transactions in the Common Stock since March 31, 2006 on behalf of Starboard,
Parche, RCG Ambrose, RCG Halifax, Ramius Master and Ramius Fund III are set
forth in Schedule A and are incorporated by reference.
L. Barington Companies Equity
(a) As of May 5, 2006, Barington Companies Equity beneficially owned
75,928 Shares.
Percentage: Approximately 0.3%
(b) 1. Sole power to vote or direct vote: 75,928
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 75,928
4. Shared power to dispose or direct the disposition: 0
(c) The transactions in the Shares by Barington Companies Equity since
March 31, 2006 are set forth in Schedule A and are incorporated by reference.
M. Barington Companies Investors
(a) As of May 5, 2006, as the general partner of Barington Companies
Equity, Barington Companies Investors may be deemed to share beneficial
ownership of the 75,928 Shares owned by Barington Companies Equity.
Percentage: Approximately 0.3%
(b) 1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 75,928
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 75,928
(c) Barington Companies Investors did not enter into any transactions in
the Shares since March 31, 2006. The transactions in the Shares since March 31,
2006 by Barington Companies Equity, which, except as otherwise noted, were all
in the open market, are set forth in Schedule A, and are incorporated by
reference.
N. Barington Companies Offshore
(a) As of May 5, 2006, Barington Companies Offshore beneficially owned
44,508 Shares.
Percentage: 0.2%
(b) 1. Sole power to vote or direct vote: 44,508
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 44,508
---------------------- ----------------------
CUSIP No. 860342104 13D Page 32 of 48 Pages
---------------------- ----------------------
4. Shared power to dispose or direct the disposition: 0
(c) The transactions in the Shares by Barington Companies Offshore since
March 31, 2006 are set forth in Schedule A and are incorporated by reference.
O. Barington Investments
(a) As of May 5, 2006, Barington Investments beneficially owned 43,286
Shares.
Percentage: 0.1%
(b) 1. Sole power to vote or direct vote: 43,286
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 43,286
4. Shared power to dispose or direct the disposition: 0
(c) The transactions in the Shares by Barington Investments since March
31, 2006 are set forth in Schedule A and are incorporated by reference.
P. Barington Companies Advisors
(a) As of May 5, 2006, as the investment advisor of Barington Companies
Equity and the general partner of Barington Investments, Barington Companies
Advisors may be deemed to (i) share beneficial ownership of the 75,928 Shares
owned by Barington Companies Equity and (ii) beneficially own the 43,286 Shares
owned by Barington Investments.
Percentage: Approximately 0.4%
(b) 1. Sole power to vote or direct vote: 43,286
2. Shared power to vote or direct vote: 75,928
3. Sole power to dispose or direct the disposition: 43.286
4. Shared power to dispose or direct the disposition: 75,928
(c) Barington Offshore Advisors did not enter into any transactions in
the Shares in since March 31, 2006. The transactions in the Shares since March
31, 2006 by Barington Companies Equity and Barington Investments, which, except
as otherwise noted, were all in the open market, are set forth in Schedule A,
and are incorporated by reference.
Q. Barington Offshore Advisors
(a) As of May 5, 2006, as the investment advisor of Barington Companies
Offshore, Barington Offshore Advisors may be deemed to beneficially own the
44,508 Shares owned by Barington Companies Offshore.
Percentage: 0.2%
(b) 1. Sole power to vote or direct vote: 44,508
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 44,508
4. Shared power to dispose or direct the disposition: 0
(c) Barington Offshore Advisors did not enter into any transactions in
the Shares since March 31, 2006. The transactions in the Shares since March 31,
2006 by Barington Companies Offshore, which, except as otherwise noted, were all
in the open market, are set forth in Schedule A, and are incorporated by
reference.
R. Barington Capital
(a) As of May 5, 2006, as the majority member of Barington Companies
Investors, Barington Companies Advisors and Barington Offshore Advisors,
Barington Capital may be deemed the beneficial owner of (i) 44,508 Shares owned
by Barington Companies Offshore, (ii) 75,928 Shares owned by Barington Companies
Equity and (iii) 43,286 Shares owned by Barington Investments.
---------------------- ----------------------
CUSIP No. 860342104 13D Page 33 of 48 Pages
---------------------- ----------------------
Percentage: Approximately 0.6%
(b) 1. Sole power to vote or direct vote: 163,722
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 163,722
4. Shared power to dispose or direct the disposition: 0
(c) Barington Capital did not enter into any transactions in the Shares
since March 31, 2006. The transactions in the Shares since March 31, 2006 by
Barington Companies Offshore, Barington Companies Equity and Barington
Investments are set forth in Schedule A, and are incorporated by reference.
S. LNA
(a) As of May 5, 2006, as the general partner of Barington Capital, LNA
may be deemed the beneficial owner of (i) 44,508 Shares owned by Barington
Companies Offshore, (ii) 75,928 Shares owned by Barington Companies Equity and
(iii) 43,286 Shares owned by Barington Investments.
Percentage: Approximately 0.6%
(b) 1. Sole power to vote or direct vote: 163,722
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 163,722
4. Shared power to dispose or direct the disposition: 0
(c) LNA did not enter into any transactions in the Shares since March
31, 2006. The transactions in the Shares since March 31, 2006 by Barington
Companies Offshore, Barington Companies Equity and Barington Investments are set
forth in Schedule A, and are incorporated by reference.
T. Mr. Mitarotonda
(a) As of May 5, 2006, as the sole stockholder and director of LNA
Capital Corp., Mr. Mitarotonda may be deemed the beneficial owner of (i) 75,928
Shares owned by Barington Companies Equity, (ii) 44,508 Shares owned by
Barington Companies Offshore and (iii) 43,286 Shares owned by Barington
Investments. Mr. Mitarotonda disclaims beneficial ownership of such Shares.
Percentage: Approximately 0.6%
(b) 1. Sole power to vote or direct vote: 163,722
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 163,722
---------------------- ----------------------
CUSIP No. 860342104 13D Page 34 of 48 Pages
---------------------- ----------------------
4. Shared power to dispose or direct the disposition: 0
(c) Mr. Mitarotonda did not enter into any transactions in the Shares
since March 31, 2006. The number of Shares acquired by Barington Companies
Equity, Barington Companies Offshore and Barington Investments since March 31,
2006 are set forth in Schedule A and are incorporated by reference.
Item 5(e) is hereby amended and restated to read as follows:
As of May 5th, 2006, the Reporting Persons ceased to be the
collective beneficial owners of more than 5% of the Shares of the Issuer.
Item 6 is hereby amended and restated to read as follows:
On May 8, 2006, Starboard, Parche, RCG Ambrose, RCG Halifax, Ramius
Master, Ramius Fund III, Admiral Advisors, Ramius Advisors, Ramius Capital, C4S,
Mr. Cohen, Mr. Solomon, Mr. Stark, Mr. Strauss, Barington Companies Equity,
Barington Companies Investors, Barington Companies Offshore, Barington
Investments, Barington Companies Advisors, Barington Offshore Advisors,
Barington Capital, LNA and Mr. Mitarotonda, entered into a Joint Filing
Agreement (the "Joint Filing Agreement") in which the parties agreed to the
joint filing on behalf of each of them of statements on Schedule 13D with
respect to the securities of the Issuer to the extent required by applicable
law. The Joint Filing Agreement is attached as an exhibit hereto and is
incorporated herein by reference.
Barington Capital or one or more of its affiliates expect to receive
from Starboard and Parche a fee with respect to certain profits those entities
may derive from their investment in the Shares of the Issuer. An Agreement
between the parties with respect to the foregoing has not yet been formalized.
Other than as described herein, there are no contracts,
arrangements, understandings or relationships among the Reporting Persons, or
between the Reporting Persons and any other person, with respect to the
securities of the Issuer.
Item 7 is hereby amended to include the following exhibits:
3. Joint Filing Agreement by and among Starboard, Parche, RCG Ambrose,
RCG Halifax, Ramius Master, Ramius Fund III, Admiral Advisors,
Ramius Advisors, Ramius Capital, C4S, Mr. Cohen, Mr. Solomon, Mr.
Stark, Mr. Strauss, Barington Companies Equity, Barington Companies
Investors, Barington Companies Offshore, Barington Investments,
Barington Companies Advisors, Barington Offshore Advisors, Barington
Capital, LNA and Mr. Mitarotonda dated May 8, 2006.
---------------------- ----------------------
CUSIP No. 860342104 13D Page 35 of 48 Pages
---------------------- ----------------------
SIGNATURES
After reasonable inquiry and to the best of his knowledge and
belief, each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: May 8, 2006
STARBOARD VALUE AND RAMIUS MASTER FUND, LTD
OPPORTUNITY MASTER FUND LTD. By: Ramius Advisors, LLC
its investment manager
PARCHE, LLC
By: Admiral Advisors, LLC, By: Ramius Capital Group, L.L.C.
its managing member its managing member
RCG AMBROSE MASTER FUND, LTD.
By: Ramius Capital Group, L.L.C., ADMIRAL ADVISORS, LLC
its investment manager By: Ramius Capital Group, L.L.C.,
By: C4S & Co., L.L.C., its managing member
its managing member
RAMIUS ADVISORS, LLC
RCG HALIFAX FUND, LTD. By: Ramius Capital Group, L.L.C.,
By: Ramius Capital Group, L.L.C., its managing member
its investment manager
By: C4S & Co., L.L.C., RAMIUS CAPITAL GROUP, L.L.C.
its managing member By: C4S & Co., L.L.C.,
as managing member
RAMIUS FUND III, LTD
By: Ramius Advisors, LLC C4S & CO., L.L.C.
its investment manager
By: Ramius Capital Group, L.L.C.,
its managing member
By: /s/ Jeffrey M. Solomon
-----------------------
Name: Jeffrey M. Solomon
Title: Authorized Signatory
JEFFREY M. SOLOMON
/s/ JEFFREY M. SOLOMON
------------------------------------
Individually and as attorney-in-fact for Peter A.
Cohen, Morgan B. Stark and Thomas W. Strauss
---------------------- ----------------------
CUSIP No. 860342104 13D Page 36 of 48 Pages
---------------------- ----------------------
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: President
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 OFFSHORE 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 Chief Executive Officer
---------------------- ----------------------
CUSIP No. 860342104 13D Page 37 of 48 Pages
---------------------- ----------------------
LNA CAPITAL CORP.
By: /s/ James A. Mitarotonda
--------------------------------
Name: James A. Mitarotonda
Title: President and Chief Executive Officer
---------------------- ----------------------
CUSIP No. 860342104 13D Page 38 of 48 Pages
---------------------- ----------------------
SCHEDULE A
TRANSACTIONS IN THE SHARES SINCE MARCH 31, 2006
Shares of Common Stock Price Per Date of
Purchased / (Sold) Share($) Purchase / Sale
STARBOARD VALUE AND OPPORTUNITY MASTER FUND LTD.
(25,284) 36.3500 4/03/06
(17,262) 36.0000 4/11/06
(4,838) 36.1724 4/11/06
(5,682) 35.9284 4/12/06
(15,960) 36.0000 4/12/06
(10,278) 35.8562 4/13/06
(11,357) 35.3251 5/04/06
(5,956) 35.3015 5/05/06
(12,928) 35.3140 5/05/06
PARCHE, LLC
(4,816) 36.3500 4/03/06
(8,778) 36.3500 4/03/06
5,764 36.7871 4/05/06
6,182 36.8915 4/05/06
5,500 36.6300 4/05/06
26,554 36.9395 4/06/06
5,280 36.5453 4/07/06
36,916 36.5954 4/10/06
110 36.4500 4/10/06
(10,549) 36.0000 4/11/06
(922) 36.1724 4/11/06
(2,957) 36.1724 4/11/06
(3,288) 36.0000 4/11/06
(3,681) 35.9284 4/12/06
(3,040) 36.0000 4/12/06
(10,340) 36.0000 4/12/06
---------------------- ----------------------
CUSIP No. 860342104 13D Page 39 of 48 Pages
---------------------- ----------------------
(1,082) 35.9284 4/12/06
(6,659) 35.8562 4/13/06
(1,958) 35.8562 4/13/06
70,400 35.4871 4/24/06
22,000 35.2600 5/01/06
(2,163) 35.3251 5/04/06
(11,898) 35.3251 5/04/06
(1,134) 35.3015 5/05/06
(6,239) 35.3015 5/05/06
(2,462) 35.3140 5/05/06
(13,543) 35.3140 5/05/06
RCG AMBROSE MASTER FUND, LTD.
(5,187) 36.3500 4/03/06
3,250 36.6300 4/05/06
3,653 36.8915 4/05/06
3,406 36.7871 4/05/06
12,070 36.9395 4/06/06
2,400 36.5453 4/07/06
50 36.4500 4/10/06
16,780 36.5954 4/10/06
(5,753) 36.0000 4/11/06
(1,613) 36.1724 4/11/06
(5,640) 36.0000 4/12/06
(2,008) 35.9284 4/12/06
(6,632) 35.8562 4/13/06
32,000 35.4871 4/24/06
10,000 35.2600 5/01/06
(5,949) 35.3251 5/04/06
(3,119) 35.3015 5/05/06
(6,772) 35.3140 5/05/06
RCG HALIFAX FUND, LTD.
(5,586) 36.3500 4/03/06
3,934 36.8915 4/05/06
---------------------- ----------------------
CUSIP No. 860342104 13D Page 40 of 48 Pages
---------------------- ----------------------
3,668 36.7871 4/05/06
3,500 36.6300 4/05/06
12,070 36.9395 4/06/06
2,400 36.5453 4/07/06
50 36.4500 4/10/06
16,780 36.5954 4/10/06
(6,234) 36.0000 4/11/06
(1,747) 36.1724 4/11/06
(5,640) 36.0000 4/12/06
(2,008) 35.9284 4/12/06
(3,632) 35.8562 4/13/06
32,000 35.4871 4/24/06
10,000 35.2600 5/01/06
(6,490) 35.3251 5/04/06
(3,403) 35.3015 5/05/06
(7,387) 35.3140 5/05/06
RAMIUS MASTER FUND, LTD.
(20,349) 36.3500 4/03/06
12,750 36.6300 4/05/06
14,331 36.8915 4/05/06
13,362 36.7871 4/05/06
70,006 36.9395 4/06/06
13,920 36.5453 4/07/06
290 36.4500 4/10/06
97,234 36.5954 4/10/06
(7,123) 36.1724 4/11/06
(25,414) 36.0000 4/11/06
(9,035) 35.9284 4/12/06
(25,380) 36.0000 4/12/06
(16,345) 35.8562 4/13/06
185,800 35.4871 4/24/06
---------------------- ----------------------
CUSIP No. 860342104 13D Page 41 of 48 Pages
---------------------- ----------------------
(30,732)(1) 35.0700 5/01/06
54,820 35.2600 5/01/06
(28,122) 35.3251 5/04/06
(14,747) 35.3015 5/05/06
(32,012) 35.3140 5/05/06
RAMIUS FUND III, LTD
30,732(1) 35.0700 5/01/06
3,180 35.2600 5/01/06
(1,621) 35.3251 5/04/06
(851) 35.3015 5/05/06
(1,847) 35.3140 5/05/06
BARINGTON COMPANIES EQUITY PARTNERS, L.P.
(34,650) 36.3500 4/3/2006
(9,060) 36.2675 4/10/2006
(22,650) 36.1724 4/11/2006
(15,855) 36.0000 4/11/2006
(15,300) 36.0000 4/12/2006
(5,447) 35.9284 4/12/2006
(9,853) 35.8562 4/13/2006
(86,580) 35.3251 5/4/2006
(23,063) 35.3015 5/5/2006
(50,062) 35.3140 5/5/2006
BARINGTON COMPANIES OFFSHORE FUND, LTD
(20,790) 36.3500 4/03/06
(5,420) 36.2675 4/10/06
(13,550) 36.1724 4/11/06
(9,485) 36.0000 4/11/06
(9,180) 36.0000 4/12/06
(3,268) 35.9284 4/12/06
(5,912) 35.8562 4/13/06
----------
(1) The shares reported as acquired by Ramius Fund III, Ltd. and sold by Ramius
Master Fund, Ltd. were acquired by Ramius Fund III, Ltd. from Ramius Master
Fund, Ltd. as a distribution in kind on May 1, 2006. The price per unit for
these 30,732 shares on the date of distribution was $35.0700.
---------------------- ----------------------
CUSIP No. 860342104 13D Page 42 of 48 Pages
---------------------- ----------------------
(51,948) 35.3251 5/04/06
(13,838) 35.3015 5/05/06
(30,037) 35.3140 5/05/06
BARINGTON INVESTMENTS, L.P.
(21,560) 36.3500 4/03/06
(5,520) 36.2675 4/10/06
(13,800) 36.1724 4/11/06
(9,660) 36.0000 4/11/06
(9,520) 36.0000 4/12/06
(3,389) 35.9284 4/12/06
(6,131) 35.8562 4/13/06
(53,872) 35.3251 5/04/06
(14,350) 35.3015 5/05/06
(31,150) 35.3140 5/05/06
---------------------- ----------------------
CUSIP No. 860342104 13D Page 43 of 48 Pages
---------------------- ----------------------
SCHEDULE B
Directors and Officers of Ramius Fund III
----------------------------------------------------------------------------------------------------
NAME AND POSITION PRINCIPAL OCCUPATION PRINCIPAL BUSINESS ADDRESS
----------------------------------------------------------------------------------------------------
Morgan B. Stark Managing Member of C4S & Co., L.L.C., 666 Third Avenue
Director which is the Managing Member of Ramius 26th Floor
Capital Group, L.L.C. New York, New York 10017
----------------------------------------------------------------------------------------------------
Marran Ogilvie General Counsel of Ramius Capital 666 Third Avenue
Director Group, L.L.C. 26th Floor
New York, New York 10017
----------------------------------------------------------------------------------------------------
CFS Company Ltd. Nominee Company registered with Cayman c/o Citco Fund Services
Director Islands Monetary Authority and is (Cayman Islands) Limited
affiliated with Administrator of the Corporate Center
Fund West Bay Road
Grand Cayman, Cayman Islands
British West Indies
----------------------------------------------------------------------------------------------------
CFS Corporation Ltd. Affiliate of the Administrator of the c/o Citco Fund Services
Secretary Fund (Cayman Islands) Limited
Corporate Center
West Bay Road
Grand Cayman, Cayman Islands
British West Indies
----------------------------------------------------------------------------------------------------
Directors and Officers of Barington Companies Offshore Fund, Ltd.
----------------------------------------------------------------------------------------------------
NAME AND POSITION PRINCIPAL OCCUPATION PRINCIPAL BUSINESS ADDRESS
----------------------------------------------------------------------------------------------------
James A. Mitarotonda Chairman and Chief Executive 888 Seventh Avenue 17th Floor
Director and President Officer of Barington New York, NY 10019
Capital Group, L.P.
----------------------------------------------------------------------------------------------------
Sebastian E. Cassetta Senior Managing Director and Chief 888 Seventh Avenue 17th Floor
Director Operating Officer of Barington Capital New York, NY 10019
Group, L.P.
----------------------------------------------------------------------------------------------------
Jonathan Clipper Managing Director of Bedford 7 Reid Street, Suite 108
Director Management Ltd. Hamilton HM11, Bermuda
----------------------------------------------------------------------------------------------------
Graham Cook Director/Manager, Corporate Bison Court
Director Services of Byson Financial Services, P.O. Box 3460
Ltd. Road Town, Tortola
British Virgin Islands
----------------------------------------------------------------------------------------------------
---------------------- ----------------------
CUSIP No. 860342104 13D Page 44 of 48 Pages
---------------------- ----------------------
Forum Fund Services, Ltd. Fund Administration Washington Mall 1, 3rd Flr.
Secretary 22 Church Street
Hamilton HM11, Bermuda
----------------------------------------------------------------------------------------------------
Melvyn Brunt Chief Financial Officer of Barington 888 Seventh Avenue, 17th Floor,
Treasurer Capital Group, L.P. New York, NY 10019
----------------------------------------------------------------------------------------------------
Officers of LNA Capital Corp.
----------------------------------------------------------------------------------------------------
NAME AND POSITION PRINCIPAL OCCUPATION PRINCIPAL BUSINESS ADDRESS
----------------------------------------------------------------------------------------------------
James A. Mitarotonda Chairman and Chief Executive Officer of 888 Seventh Avenue
President and CEO Barington Capital 17th Floor
Group, L.P. New York, NY 10019
----------------------------------------------------------------------------------------------------
Sebastian E. Cassetta Senior Managing Director and Chief 888 Seventh Avenue
Secretary Operating Officer of 17th Floor
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
----------------------------------------------------------------------------------------------------
---------------------- ----------------------
CUSIP No. 860342104 13D Page 45 of 48 Pages
---------------------- ----------------------
EXHIBIT INDEX
--------------------------------------------------------------------------------
EXHIBIT PAGE
--------------------------------------------------------------------------------
3. Joint Filing Agreement by and among Starboard, Parche, RCG
Ambrose, RCG Halifax, Ramius Master, Ramius Fund III,
Admiral Advisors, Ramius Advisors, Ramius Capital, C4S, Mr.
Cohen, Mr. Solomon, Mr. Stark, Mr. Strauss, Barington 46 to 48
Companies Equity, Barington Companies Investors, Barington
Companies Offshore, Barington Investments, Barington
Companies Advisors, Barington Offshore Advisors, Barington
Capital, LNA and Mr. Mitarotonda, dated May 8, 2006.
--------------------------------------------------------------------------------
---------------------- ----------------------
CUSIP No. 860342104 13D Page 46 of 48 Pages
---------------------- ----------------------
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k)(1)(iii) under the Securities
Exchange Act of 1934, as amended, the persons named below agree to the joint
filing on behalf of each of them of a Statement on Schedule 13D dated May 8,
2006 (including amendments thereto) with respect to the Common Stock of Stewart
& Stevenson Services Inc. This Joint Filing Agreement shall be filed as an
Exhibit to such Statement.
Dated: May 8, 2006
STARBOARD VALUE AND RAMIUS MASTER FUND, LTD
OPPORTUNITY MASTER FUND LTD. By: Ramius Advisors, LLC
its investment manager
PARCHE, LLC
By: Admiral Advisors, LLC, By: Ramius Capital Group, L.L.C.
its managing member its managing member
RCG AMBROSE MASTER FUND, LTD.
By: Ramius Capital Group, L.L.C., ADMIRAL ADVISORS, LLC
its investment manager By: Ramius Capital Group, L.L.C.,
By: C4S & Co., L.L.C., its managing member
its managing member
RAMIUS ADVISORS, LLC
RCG HALIFAX FUND, LTD. By: Ramius Capital Group, L.L.C.,
By: Ramius Capital Group, L.L.C., its managing member
its investment manager
By: C4S & Co., L.L.C., RAMIUS CAPITAL GROUP, L.L.C.
its managing member By: C4S & Co., L.L.C.,
as managing member
RAMIUS FUND III, LTD
By: Ramius Advisors, LLC C4S & CO., L.L.C.
its investment manager
By: Ramius Capital Group, L.L.C.,
its managing member
By: /s/ Jeffrey M. Solomon
----------------------
Name: Jeffrey M. Solomon
Title: Authorized Signatory
JEFFREY M. SOLOMON
/s/ JEFFREY M. SOLOMON
-----------------------------------
Individually and as attorney-in-fact for Peter A.
Cohen, Morgan B. Stark and Thomas W. Strauss
---------------------- ----------------------
CUSIP No. 860342104 13D Page 47 of 48 Pages
---------------------- ----------------------
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: President
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 OFFSHORE ADVISORS, LLC
By: /s/ James A. Mitarotonda
--------------------------------
Name: James A. Mitarotonda
Title: Authorized Signatory
---------------------- ----------------------
CUSIP No. 860342104 13D Page 48 of 48 Pages
---------------------- ----------------------
BARINGTON CAPITAL GROUP, L.P.
By: LNA Capital Corp., its general
partner
By: /s/ James A. Mitarotonda
-------------------------------
Name: James A. Mitarotonda
Title: President and Chief Executive Officer
LNA CAPITAL CORP.
By: /s/ James A. Mitarotonda
-------------------------------
Name: James A. Mitarotonda
Title: President and Chief Executive Officer