UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
Emageon Inc.
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(Name of Issuer)
Common Stock, par value $0.001 per share
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(Title of Class of Securities)
29076V109
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(CUSIP Number)
with a copy to:
Augustus K. Oliver Allen B. Levithan, Esq.
Oliver Press Partners, LLC Lowenstein Sandler PC
152 West 57th Street 65 Livingston Avenue
New York, New York 10019 Roseland, New Jersey 07068
(212) 277-5654 (973) 597-2406
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 10, 2007
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule l3G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box. [ ]
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7 for other
parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Cusip No. 29076V109
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1. Names of Reporting Persons: Oliver Press Partners, LLC
I.R.S. Identification Nos. of above persons (entities only): 20-2688930
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2. Check the Appropriate Box if a Member of a Group (See Instructions):
(a) [ ]
(b) [X]
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3. SEC Use Only
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4. Source of Funds (See Instructions): OO
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e):
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6. Citizenship or Place of Organization: Delaware
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Number of 7. Sole Voting Power: 0
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Shares Beneficially 8. Shared Voting Power: 3,030,860*
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Owned by Each Reporting 9. Sole Dispositive Power: 0
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Person With 10. Shared Dispositive Power: 3,030,860*
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11. Aggregate Amount Beneficially Owned by Each Reporting Person: 3,030,860*
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions):
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13. Percent of Class Represented by Amount in Row (11): 14.2%*
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14. Type of Reporting Person (See Instructions): IA
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* This is a joint filing by Oliver Press Partners, LLC, Oliver Press Investors,
LLC, Augustus K. Oliver and Clifford Press, who share the power to vote and the
power to direct the disposition of 100 shares of common stock, par value $0.001
per share (the "Shares"), of Emageon Inc., a Delaware corporation, owned, as of
December 10, 2007, by Davenport Partners, L.P., a Delaware limited partnership,
2,424,100 Shares owned by JE Partners, a Bermuda partnership, and 606,660 Shares
owned by Oliver Press Master Fund LP, a Cayman limited partnership. See Items 2
and 5 of this Schedule 13D, as amended, for additional information.
Cusip No. 29076V109
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1. Names of Reporting Persons: Oliver Press Investors, LLC
I.R.S. Identification Nos. of above persons (entities only): 20-2688868
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2. Check the Appropriate Box if a Member of a Group (See Instructions):
(a) [ ]
(b) [X]
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3. SEC Use Only
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4. Source of Funds (See Instructions): OO
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e):
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6. Citizenship or Place of Organization: Delaware
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Number of 7. Sole Voting Power: 0
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Shares Beneficially 8. Shared Voting Power: 3,030,860*
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Owned by Each Reporting 9. Sole Dispositive Power: 0
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Person With 10. Shared Dispositive Power: 3,030,860*
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11. Aggregate Amount Beneficially Owned by Each Reporting Person: 3,030,860*
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions):
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13. Percent of Class Represented by Amount in Row (11): 14.2%*
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14. Type of Reporting Person (See Instructions): PN
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* This is a joint filing by Oliver Press Partners, LLC, Oliver Press Investors,
LLC, Augustus K. Oliver and Clifford Press, who share the power to vote and the
power to direct the disposition of 100 shares of common stock, par value $0.001
per share (the "Shares"), of Emageon Inc., a Delaware corporation, owned, as of
December 10, 2007, by Davenport Partners, L.P., a Delaware limited partnership,
2,424,100 Shares owned by JE Partners, a Bermuda partnership, and 606,660 Shares
owned by Oliver Press Master Fund LP, a Cayman limited partnership. See Items 2
and 5 of this Schedule 13D, as amended, for additional information.
Cusip No. 29076V109
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1. Names of Reporting Persons: Augustus K. Oliver
I.R.S. Identification Nos. of above persons (entities only):
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2. Check the Appropriate Box if a Member of a Group (See Instructions):
(a) [ ]
(b) [X]
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3. SEC Use Only
--------------------------------------------------------------------------------
4. Source of Funds (See Instructions): OO
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e):
--------------------------------------------------------------------------------
6. Citizenship or Place of Organization: Delaware
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Number of 7. Sole Voting Power: 0
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Shares Beneficially 8. Shared Voting Power: 3,030,860*
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Owned by Each Reporting 9. Sole Dispositive Power: 0
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Person With 10. Shared Dispositive Power: 3,030,860*
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11. Aggregate Amount Beneficially Owned by Each Reporting Person: 3,030,860*
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions):
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11): 14.2%*
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14. Type of Reporting Person (See Instructions): IN
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* This is a joint filing by Oliver Press Partners, LLC, Oliver Press Investors,
LLC, Augustus K. Oliver and Clifford Press, who share the power to vote and the
power to direct the disposition of 100 shares of common stock, par value $0.001
per share (the "Shares"), of Emageon Inc., a Delaware corporation, owned, as of
December 10, 2007, by Davenport Partners, L.P., a Delaware limited partnership,
2,424,100 Shares owned by JE Partners, a Bermuda partnership, and 606,660 Shares
owned by Oliver Press Master Fund LP, a Cayman limited partnership. See Items 2
and 5 of this Schedule 13D, as amended, for additional information.
Cusip No. 29076V109
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1. Names of Reporting Persons: Clifford Press
I.R.S. Identification Nos. of above persons (entities only):
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions):
(a) [ ]
(b) [X]
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3. SEC Use Only
--------------------------------------------------------------------------------
4. Source of Funds (See Instructions): OO
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e):
--------------------------------------------------------------------------------
6. Citizenship or Place of Organization: Delaware
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Number of 7. Sole Voting Power: 0
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Shares Beneficially 8. Shared Voting Power: 3,030,860*
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Owned by Each Reporting 9. Sole Dispositive Power: 0
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Person With 10. Shared Dispositive Power: 3,030,860*
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11. Aggregate Amount Beneficially Owned by Each Reporting Person: 3,030,860*
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions):
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11): 14.2%*
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14. Type of Reporting Person (See Instructions): IN
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* This is a joint filing by Oliver Press Partners, LLC, Oliver Press Investors,
LLC, Augustus K. Oliver and Clifford Press, who share the power to vote and the
power to direct the disposition of 100 shares of common stock, par value $0.001
per share (the "Shares"), of Emageon Inc., a Delaware corporation, owned, as of
December 10, 2007, by Davenport Partners, L.P., a Delaware limited partnership,
2,424,100 Shares owned by JE Partners, a Bermuda partnership, and 606,660 Shares
owned by Oliver Press Master Fund LP, a Cayman limited partnership. See Items 2
and 5 of this Schedule 13D, as amended, for additional information.
Item 2. Identity and Background.
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Item 2 is hereby amended by deleting Item 2 in its entirety and by
substituting the following in lieu thereof:
This Schedule 13D, as amended, is being filed by i) Oliver Press
Investors, LLC, a Delaware limited liability company ("OPI"), and the general
partner of each of Davenport Partners, L.P., a Delaware limited partnership
("Davenport"), JE Partners, a Bermuda partnership ("JE"), and Oliver Press
Master Fund LP, a Cayman limited partnership ("Master Fund" and, together with
Davenport and JE, the "Partnerships"), ii) Oliver Press Partners, LLC, a
Delaware limited liability company ("OPP"), the investment adviser to each of
the Partnerships, iii) Augustus K. Oliver ("Oliver") and iv) Clifford Press
("Press" and, collectively with OPI, OPP and Oliver, the "Filing Parties").
Oliver and Press are United States citizens and the Managing Members of each of
OPI and OPP. The business address of the Filing Parties is 152 West 57th Street,
46th Floor, New York, New York 10019.
None of the Filing Parties have been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors), nor has any
Filing Party been 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.
Item 3. Source and Amount of Funds or Other Consideration.
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Item 3 is hereby amended by adding the following paragraph at the end
thereof:
The amount required by JE to purchase the 179,600 Shares owned by it
and reported in Item 5 of this Schedule 13D Amendment No. 2 was $902,364.28,
including commissions. The amount required by Master Fund to purchase the 30,400
Shares owned by it and reported in Item 5 of this Schedule 13D Amendment No. 2
was $152,738.72, including commissions. All Shares owned by JE and Master Fund
were purchased in open market transactions with cash from their respective
partnership assets.
Item 4. Purpose of Transaction.
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Item 4 is amended by adding the following paragraph at the end
thereof:
OPP has informed the Company that it intends to nominate directors for
election to the Company's Board and may seek to bring other proposals before
shareholders at the Company's 2008 Annual Meeting.
Item 5. Interest in Securities of the Issuer.
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Item 5 is hereby amended by deleting Item 5 in its entirety and by
substituting the following in lieu thereof:
As of December 10, 2007, Davenport owned 100 Shares, JE owned
2,424,100 Shares, and Master Fund owned 606,660 Shares, constituting
approximately 0.0%, 11.3% and 2.8%, respectively, and approximately 14.2% in the
aggregate, of the 21,400,734 Shares reported by the Company to be outstanding as
of October 25, 2007 on its most recent Form 10-Q for the quarterly period ending
September 30, 2007 filed with the Securities and Exchange Commission on November
8, 2007. OPP as the investment adviser to the Partnerships, has the power to
vote and the power to direct the disposition of such Shares. OPI, as the general
partner of the Partnerships, and Messrs. Oliver and Press, as the Managing
Members of OPP and OPI, share the power to vote and to the power to direct the
disposition of such Shares.
In the sixty (60) days on or prior to December 10, 2007, JE and Master
Fund purchased 179,600 Shares and 30,400 Shares, respectively, in ordinary
course brokerage transactions on November 6, 2007 for a purchase price of $5.02
per Share (for a total cost of $902,364.28 and $152,738.72, respectively,
including commissions). In addition to the foregoing, on November 1, 2007
Davenport contributed 576,260 Shares to Master Fund in exchange for a limited
partnership interest in Master Fund. Davenport received an opening partnership
percentage in return for the contribution of Shares based upon the closing price
of the Shares on October 31, 2007. The aggregate number of Shares held by the
Partnerships did not change as a result of the contribution of Shares from
Davenport to Master Fund. No other Filing Party had any transactions in Shares
in the sixty (60) days on or prior to December 10, 2007.
Item 7. Exhibits.
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Joint filing agreement dated as of December 10, 2007 by and among
Oliver Press Partners, LLC, Oliver Press Investors, LLC, Augustus K. Oliver and
Clifford Press.
Signature
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After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
December 10, 2007
OLIVER PRESS INVESTORS, LLC
By: /s/ Augustus K. Oliver
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Augustus K. Oliver
Managing Member
OLIVER PRESS PARTNERS, LLC
By: /s/ Clifford Press
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Clifford Press
Managing Member
/s/ Augustus K. Oliver
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Augustus K. Oliver
/s/ Clifford Press
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Clifford Press
Attention: Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001).
EXHIBIT A
JOINT FILING AGREEMENT
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The undersigned agree that this Schedule 13D Amendment No. 2 relating
to the shares of common stock of Emageon Inc. is filed jointly on behalf of each
of the undersigned pursuant to Rule 13d-1(k).
December 10, 2007
OLIVER PRESS INVESTORS, LLC
By: /s/ Augustus K. Oliver
---------------------------------
Augustus K. Oliver
Managing Member
OLIVER PRESS PARTNERS, LLC
By: /s/ Clifford Press
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Clifford Press
Managing Member
/s/ Augustus K. Oliver
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Augustus K. Oliver
/s/ Clifford Press
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Clifford Press