kl04007.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13D
(Rule
13d-101)
(Amendment
No. 4)
INFORMATION
TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-
1(a) AND
AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
Dillard's,
Inc.
(Name of
Issuer)
Class A Common Stock, par
value $0.01 per share
(Title of
Class of Securities)
254067101
(CUSIP
Number)
Peter G.
Smith, Esq.
Kramer
Levin Naftalis & Frankel LLP
1177
Avenue of the Americas
New York,
NY 10036
(212)
715-9100
Marc
Weingarten, Esq.
Schulte
Roth & Zabel LLP
919 Third
Avenue
New York,
NY 10022
(212)
756-2000
(Name,
Address and Telephone Number of Person
Authorized
to Receive Notices and Communications)
April 1,
2008
(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: o.
(Continued
on following pages)
(Page 1
of 53 Pages)
1)
NAME OF REPORTING
PERSON
Barington
Companies Equity Partners, L.P.
________________________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x
(b) o
________________________________________________________________________________________
3) SEC USE ONLY
________________________________________________________________________________________
4) SOURCE OF
FUNDS WC
________________________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS
2(d) OR 2(e) o
________________________________________________________________________________________
6) CITIZENSHIP OR PLACE OF
ORGANIZATION
Delaware
________________________________________________________________________________________
7) SOLE VOTING POWER
NUMBER
OF 597,230
SHARES
_________________________________________________________________
BENEFICIALLY 8) SHARED VOTING
POWER
OWNED
BY none
EACH _________________________________________________________________
REPORTING 9) SOLE DISPOSITIVE
POWER
PERSON 597,230
WITH _________________________________________________________________
10) SHARED DISPOSITIVE
POWER
none
________________________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
597,230
________________________________________________________________________________________
12) CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
_____________________________________________________________________
13)
PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (11)
0.84%
_____________________________________________________________________
14) TYPE OF REPORTING
PERSON
PN
_____________________________________________________________________
SCHEDULE
13D
CUSIP No. 254067101 Page 3 of 53 Pages
1)
NAME OF REPORTING
PERSON
Barington
Companies Investors, LLC
_________________________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x
(b) o
_________________________________________________________________________________________
3) SEC USE ONLY
_________________________________________________________________________________________
4) SOURCE OF FUNDS OO
_________________________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS
2(d) OR 2(e) o
_________________________________________________________________________________________
6) CITIZENSHIP OR PLACE OF
ORGANIZATION
Delaware
_________________________________________________________________________________________
7) SOLE VOTING POWER
NUMBER
OF 597,230
SHARES
__________________________________________________________________
BENEFICIALLY 8) SHARED VOTING
POWER
OWNED
BY none
EACH __________________________________________________________________
REPORTING 9) SOLE DISPOSITIVE
POWER
PERSON 597,230
WITH __________________________________________________________________
10) SHARED DISPOSITIVE
POWER
none
_________________________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
597,230
_________________________________________________________________________________________
12) CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
_____________________________________________________________________
13) PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.84%
________________________________________________________________________________________
14) TYPE
OF REPORTING PERSON
OO
________________________________________________________________________________________
SCHEDULE
13D
CUSIP No. 254067101 Page 4 of 53 Pages
1)
NAME OF REPORTING
PERSON
Barington
Investments, L.P.
________________________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x
(b) o
________________________________________________________________________________________
3) SEC USE ONLY
________________________________________________________________________________________
4) SOURCE OF FUNDS WC
________________________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS
2(d) OR 2(e) o
________________________________________________________________________________________
6) CITIZENSHIP OR PLACE OF
ORGANIZATION
Delaware
________________________________________________________________________________________
7) SOLE VOTING POWER
NUMBER
OF 395,507
SHARES
_________________________________________________________________
BENEFICIALLY
8) SHARED VOTING
POWER
OWNED
BY none
EACH _________________________________________________________________
REPORTING 9) SOLE DISPOSITIVE
POWER
PERSON 395,507
WITH _________________________________________________________________
10) SHARED DISPOSITIVE
POWER
none
________________________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
395,507
________________________________________________________________________________________
12) CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
_____________________________________________________________________
13) PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.56%
_________________________________________________________________________________________
14) TYPE
OF REPORTING PERSON
PN
_________________________________________________________________________________________
SCHEDULE
13D
CUSIP No. 254067101 Page 5 of 53 Pages
1)
NAME OF REPORTING
PERSON
Barington
Companies Advisors, LLC
_______________________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x
(b) o
_______________________________________________________________________________________
3) SEC USE ONLY
_______________________________________________________________________________________
4) SOURCE OF FUNDS OO
_______________________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS
2(d) OR 2(e) o
_______________________________________________________________________________________
6) CITIZENSHIP OR PLACE OF
ORGANIZATION
Delaware
_______________________________________________________________________________________
7) SOLE VOTING POWER
NUMBER
OF 395,507
SHARES
________________________________________________________________
BENEFICIALLY 8) SHARED VOTING
POWER
OWNED
BY none
EACH ________________________________________________________________
REPORTING 9) SOLE DISPOSITIVE
POWER
PERSON 395,507
WITH ________________________________________________________________
10) SHARED DISPOSITIVE
POWER
none
_______________________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
395,507
_______________________________________________________________________________________
12) CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
____________________________________________________________________
13) PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.56%
_______________________________________________________________________________________
14) TYPE
OF REPORTING PERSON
OO
_______________________________________________________________________________________
SCHEDULE
13D
CUSIP No. 254067101 Page 6 of 53 Pages
1)
NAME OF REPORTING
PERSON
Barington
Companies Offshore Fund, Ltd.
________________________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x
(b) o
________________________________________________________________________________________
3) SEC USE ONLY
________________________________________________________________________________________
4) SOURCE OF FUNDS WC
________________________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR
2(e) o
________________________________________________________________________________________
6) CITIZENSHIP OR PLACE OF
ORGANIZATION
British Virgin Islands
________________________________________________________________________________________
7) SOLE VOTING POWER
NUMBER
OF 1,042,132
SHARES
__________________________________________________________________
BENEFICIALLY 8) SHARED VOTING
POWER
OWNED
BY none
EACH _________________________________________________________________
REPORTING 9) SOLE DISPOSITIVE
POWER
PERSON 1,042,132
WITH _________________________________________________________________
10) SHARED DISPOSITIVE
POWER
none
________________________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,042,132
________________________________________________________________________________________
12) CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
____________________________________________________________________
13) PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.46%
_______________________________________________________________________________________
14) TYPE
OF REPORTING PERSON
OO
_______________________________________________________________________________________
SCHEDULE
13D
CUSIP No. 254067101 Page 7 of 53 Pages
1)
NAME OF REPORTING
PERSON
Barington
Offshore Advisors II, LLC
_______________________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x
(b) o
_______________________________________________________________________________________
3) SEC USE ONLY
_______________________________________________________________________________________
4) SOURCE OF FUNDS OO
_______________________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS
2(d) OR 2(e) o
_______________________________________________________________________________________
6) CITIZENSHIP OR PLACE OF
ORGANIZATION
Delaware
_______________________________________________________________________________________
7) SOLE VOTING POWER
NUMBER
OF 1,042,132
SHARES
________________________________________________________________
BENEFICIALLY 8) SHARED VOTING
POWER
OWNED
BY none
EACH ________________________________________________________________
REPORTING 9) SOLE DISPOSITIVE
POWER
PERSON 1,042,132
WITH ________________________________________________________________
10) SHARED DISPOSITIVE
POWER
none
_______________________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,042,132
_______________________________________________________________________________________
12) CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
____________________________________________________________________
13) PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.46%
________________________________________________________________________________________
14) TYPE
OF REPORTING PERSON
IA,
OO
________________________________________________________________________________________
SCHEDULE
13D
CUSIP No. 254067101 Page 8 of 53 Pages
1)
NAME OF REPORTING
PERSON
Barington
Capital Group, L.P.
______________________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x
(b) o
______________________________________________________________________________________
3) SEC USE ONLY
______________________________________________________________________________________
4) SOURCE OF FUNDS OO
______________________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS
2(d) OR 2(e) o
______________________________________________________________________________________
6) CITIZENSHIP OR PLACE OF
ORGANIZATION
New York
______________________________________________________________________________________
7) SOLE VOTING POWER
NUMBER
OF 2,034,869
SHARES
_______________________________________________________________
BENEFICIALLY 8) SHARED VOTING
POWER
OWNED
BY none
EACH _______________________________________________________________
REPORTING 9) SOLE DISPOSITIVE
POWER
PERSON 2,034,869
WITH _______________________________________________________________
10) SHARED DISPOSITIVE
POWER
none
______________________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
2,034,869
______________________________________________________________________________________
12) CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
___________________________________________________________________
13) PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.86%
______________________________________________________________________________________
14) TYPE
OF REPORTING PERSON
PN
________________________________________________________________________________________
SCHEDULE
13D
CUSIP No. 254067101 Page 9 of 53 Pages
1)
NAME OF REPORTING
PERSON
LNA
Capital Corp.
________________________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x
(b) o
________________________________________________________________________________________
3) SEC USE ONLY
________________________________________________________________________________________
4) SOURCE OF FUNDS OO
________________________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS
2(d) OR 2(e) o
________________________________________________________________________________________
6) CITIZENSHIP OR PLACE OF
ORGANIZATION
Delaware
________________________________________________________________________________________
7) SOLE VOTING POWER
NUMBER
OF 2,034,869
SHARES
_________________________________________________________________
BENEFICIALLY 8) SHARED VOTING
POWER
OWNED
BY none
EACH _________________________________________________________________
REPORTING 9) SOLE DISPOSITIVE
POWER
PERSON 2,034,869
WITH _________________________________________________________________
10) SHARED DISPOSITIVE
POWER
none
_________________________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
2,034,869
_________________________________________________________________________________________
12) CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
_____________________________________________________________________
13) PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.86%
_________________________________________________________________________________________
14) TYPE
OF REPORTING PERSON
CO
________________________________________________________________________________________
SCHEDULE
13D
CUSIP No. 254067101 Page 10 of 53 Pages
1)
NAME OF REPORTING
PERSON
James A.
Mitarotonda
_______________________________________________________________________________________
2) CHECK THE APPROPRIATE
BOX IF A MEMBER OF A GROUP (a) x
(b) o
_______________________________________________________________________________________
3) SEC USE ONLY
_______________________________________________________________________________________
4) SOURCE OF FUNDS OO
_______________________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS
2(d) OR 2(e) o
_______________________________________________________________________________________
6) CITIZENSHIP OR PLACE
OF ORGANIZATION
United States
_______________________________________________________________________________________
7) SOLE VOTING POWER
NUMBER
OF 2,034,869
SHARES
________________________________________________________________
BENEFICIALLY 8) SHARED VOTING
POWER
OWNED
BY none
EACH ________________________________________________________________
REPORTING 9) SOLE DISPOSITIVE
POWER
PERSON 2,034,869
WITH ________________________________________________________________
10) SHARED DISPOSITIVE
POWER
none
_______________________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
2,034,869
_______________________________________________________________________________________
12) CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
____________________________________________________________________
13) PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.86%
________________________________________________________________________________________
14) TYPE
OF REPORTING PERSON
IN
________________________________________________________________________________________
SCHEDULE
13D
CUSIP No. 254067101 Page 11 of 53 Pages
1)
NAME OF REPORTING
PERSON
RJG
Capital Partners, L.P.
______________________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x
(b) o
______________________________________________________________________________________
3) SEC USE ONLY
______________________________________________________________________________________
4) SOURCE OF FUNDS WC
______________________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS
2(d) OR 2(e) o
______________________________________________________________________________________
6) CITIZENSHIP OR PLACE
OF ORGANIZATION
Delaware
______________________________________________________________________________________
7) SOLE VOTING POWER
NUMBER
OF 11,500
SHARES
_______________________________________________________________
BENEFICIALLY 8) SHARED VOTING
POWER
OWNED
BY none
EACH _______________________________________________________________
REPORTING 9) SOLE DISPOSITIVE
POWER
PERSON 11,500
WITH _______________________________________________________________
10) SHARED DISPOSITIVE
POWER
none
______________________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
11,500
______________________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES o
______________________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (11)
0.02%
______________________________________________________________________________________
14) TYPE OF REPORTING
PERSON
PN
______________________________________________________________________________________
SCHEDULE
13D
CUSIP No. 254067101 Page 12 of 53 Pages
1)
NAME OF REPORTING
PERSON
RJG
Capital Management, LLC
__________________________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x
(b) o
__________________________________________________________________________________________
3) SEC USE ONLY
__________________________________________________________________________________________
4) SOURCE OF FUNDS OO
__________________________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS
2(d) OR 2(e) o
__________________________________________________________________________________________
6) CITIZENSHIP OR PLACE OF
ORGANIZATION
Delaware
__________________________________________________________________________________________
7) SOLE VOTING POWER
NUMBER
OF 11,500
SHARES
___________________________________________________________________
BENEFICIALLY 8) SHARED VOTING
POWER
OWNED
BY none
EACH ___________________________________________________________________
REPORTING 9) SOLE DISPOSITIVE
POWER
PERSON 11,500
WITH ___________________________________________________________________
10) SHARED DISPOSITIVE
POWER
none
___________________________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
11,500
___________________________________________________________________________________________
12) CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
_______________________________________________________________________
13) PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.02%
___________________________________________________________________________________________
14) TYPE
OF REPORTING PERSON
OO
___________________________________________________________________________________________
SCHEDULE
13D
CUSIP No. 254067101 Page 13 of 53 Pages
1)
NAME OF REPORTING
PERSON
Ronald J.
Gross
_________________________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x
(b) o
_________________________________________________________________________________________
3) SEC USE ONLY
_________________________________________________________________________________________
4) SOURCE OF FUNDS OO
_________________________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS
2(d) OR 2(e) o
_________________________________________________________________________________________
6) CITIZENSHIP OR PLACE OF
ORGANIZATION
United States
_________________________________________________________________________________________
7) SOLE VOTING POWER
NUMBER
OF 11,500
SHARES
_________________________________________________________________
BENEFICIALLY 8) SHARED VOTING
POWER
OWNED
BY none
EACH _________________________________________________________________
REPORTING 9) SOLE DISPOSITIVE
POWER
PERSON 11,500
WITH _________________________________________________________________
10) SHARED DISPOSITIVE
POWER
none
________________________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
11,500
________________________________________________________________________________________
12) CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
____________________________________________________________________
13) PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.02%
________________________________________________________________________________________
14) TYPE
OF REPORTING PERSON
IN
________________________________________________________________________________________
SCHEDULE
13D
CUSIP No. 254067101 Page 14 of 53 Pages
1)
NAME OF REPORTING
PERSON
Clinton Multistrategy Master Fund,
Ltd.
______________________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x
(b) o
______________________________________________________________________________________
3) SEC USE ONLY
______________________________________________________________________________________
4) SOURCE OF FUNDS WC
______________________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS
2(d) OR 2(e) o
______________________________________________________________________________________
6) CITIZENSHIP OR PLACE OF
ORGANIZATION
Cayman Islands
______________________________________________________________________________________
7) SOLE VOTING POWER
NUMBER
OF none
SHARES
________________________________________________________________
BENEFICIALLY 8) SHARED VOTING
POWER
OWNED
BY 494,750
EACH _______________________________________________________________
REPORTING 9) SOLE DISPOSITIVE
POWER
PERSON none
WITH _______________________________________________________________
10) SHARED DISPOSITIVE
POWER
494,750
______________________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
494,750
______________________________________________________________________________________
12) CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
___________________________________________________________________
13)
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.70%
______________________________________________________________________________________
14) TYPE
OF REPORTING PERSON
CO
______________________________________________________________________________________
SCHEDULE
13D
CUSIP No. 254067101 Page 15 of 53 Pages
1)
NAME OF REPORTING
PERSON
Clinton Special Opportunities Master
Fund, Ltd.
_______________________________________________________________________________________________
2)
CHECK THE APPROPRIATE BOX IF A
MEMBER OF A GROUP (a) x
(b) o
_______________________________________________________________________________________________
3) SEC USE ONLY
_______________________________________________________________________________________________
4) SOURCE OF FUNDS WC
_______________________________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR
2(e) o
_______________________________________________________________________________________________
6) CITIZENSHIP OR PLACE OF
ORGANIZATION
Cayman Islands
_______________________________________________________________________________________________
7) SOLE VOTING POWER
NUMBER
OF none
SHARES
________________________________________________________________________
BENEFICIALLY 8) SHARED VOTING
POWER
OWNED
BY 20,000
EACH ________________________________________________________________________
REPORTING 9) SOLE DISPOSITIVE
POWER
PERSON none
WITH ________________________________________________________________________
10) SHARED DISPOSITIVE
POWER
20,000
_______________________________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
20,000
_______________________________________________________________________________________________
12) CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
__________________________________________________________________________
13) PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.03%
_______________________________________________________________________________________________
14) TYPE
OF REPORTING PERSON
CO
________________________________________________________________________________________________
SCHEDULE
13D
CUSIP No. 254067101 Page 16
of 53
Pages
1)
NAME OF REPORTING
PERSON
Clinton Magnolia Master Fund,
Ltd.
_______________________________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x
(b) o
_______________________________________________________________________________________________
3) SEC USE ONLY
_______________________________________________________________________________________________
4) SOURCE OF FUNDS WC
_______________________________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS
2(d) OR 2(e) o
_______________________________________________________________________________________________
6) CITIZENSHIP OR PLACE OF
ORGANIZATION
Cayman Islands
_______________________________________________________________________________________________
7) SOLE VOTING POWER
NUMBER
OF none
SHARES
________________________________________________________________________
BENEFICIALLY 8) SHARED VOTING
POWER
OWNED
BY 1,247,400
EACH ________________________________________________________________________
REPORTING 9) SOLE DISPOSITIVE
POWER
PERSON none
WITH ________________________________________________________________________
10) SHARED DISPOSITIVE
POWER
1,247,400
_______________________________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,247,400
_______________________________________________________________________________________________
12) CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
__________________________________________________________________________
13) PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.75%
_______________________________________________________________________________________________
14) TYPE
OF REPORTING PERSON
CO
_______________________________________________________________________________________________
SCHEDULE
13D
CUSIP No. 254067101 Page 17 of 53 Pages
1)
NAME OF REPORTING
PERSON
Clinton
Group, Inc.
_________________________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x
(b) o
_________________________________________________________________________________________
3) SEC USE ONLY
_________________________________________________________________________________________
4) SOURCE OF FUNDS AF
_________________________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS
2(d) OR 2(e) o
_________________________________________________________________________________________
6) CITIZENSHIP OR PLACE OF
ORGANIZATION
Delaware
_________________________________________________________________________________________
7) SOLE VOTING POWER
NUMBER
OF none
SHARES
__________________________________________________________________
BENEFICIALLY 8) SHARED VOTING
POWER
OWNED
BY 1,762,150
EACH __________________________________________________________________
REPORTING 9) SOLE DISPOSITIVE
POWER
PERSON none
WITH __________________________________________________________________
10) SHARED DISPOSITIVE
POWER
1,762,150
_________________________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,762,150
_________________________________________________________________________________________
12) CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
_____________________________________________________________________
13) PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.48%
_________________________________________________________________________________________
14) TYPE
OF REPORTING PERSON
IA,
CO
_________________________________________________________________________________________
SCHEDULE
13D
CUSIP No. 254067101 Page 18 of 53 Pages
1)
NAME OF REPORTING
PERSON
George E. Hall
__________________________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x
(b) o
__________________________________________________________________________________________
3) SEC USE ONLY
__________________________________________________________________________________________
4) SOURCE OF FUNDS AF
__________________________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS
2(d) OR 2(e) o
__________________________________________________________________________________________
6) CITIZENSHIP OR PLACE OF
ORGANIZATION
United States
__________________________________________________________________________________________
7) SOLE VOTING POWER
NUMBER
OF none
SHARES
____________________________________________________________________
BENEFICIALLY 8) SHARED VOTING
POWER
OWNED
BY 1,762,150
EACH ___________________________________________________________________
REPORTING 9) SOLE DISPOSITIVE
POWER
PERSON none
WITH ___________________________________________________________________
10) SHARED DISPOSITIVE
POWER
1,762,150
__________________________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,762,150
__________________________________________________________________________________________
12) CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
______________________________________________________________________
13) PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.48%
__________________________________________________________________________________________
14) TYPE
OF REPORTING PERSON
IN
__________________________________________________________________________________________
This
Amendment No. 4 amends and supplements the Schedule 13D filed with the
Securities and Exchange Commission (the “SEC”) on January 29, 2008, as amended
by that certain Amendment No. 1 filed with the SEC on March 4, 2008, that
certain Amendment No. 2 filed with the SEC on March 19, 2008 and that certain
Amendment No. 3 filed with the SEC on March 25, 2008 (collectively, the
“Statement”), by and on behalf of Barington Companies Equity Partners, L.P.
(“Barington”) and others with respect to the Class A common stock, par value
$0.01 per share (the “Common Stock”), of Dillard’s Inc., a Delaware corporation
(the “Company”). The principal executive offices of the Company are located at
1600 Cantrell Road, Little Rock, Arkansas 72201.
Item
2. Identity and
Background.
Item 2 of
the Statement is hereby amended and restated as follows:
(a) - (c)
This Statement is being filed by Barington Companies Equity Partners, L.P.,
Barington Companies Investors, LLC, Barington Investments, L.P., Barington
Companies Advisors, LLC, Barington Companies Offshore Fund, Ltd., Barington
Offshore Advisors II, LLC, Barington Capital Group, L.P., LNA Capital Corp.,
James A. Mitarotonda, RJG Capital Partners, L.P., RJG Capital Management, LLC,
Ronald J. Gross, Clinton Multistrategy Master Fund, Ltd., Clinton Special
Opportunities Master Fund, Ltd., Clinton Magnolia Master Fund, Ltd., Clinton
Group, Inc. and George E. Hall (each, a “Reporting Entity” and, collectively,
the “Reporting Entities”).
As of
April 1, 2008, the Reporting Entities are the beneficial owners of, in the
aggregate, 3,808,519 shares of Common Stock, representing approximately 5.35% of
the shares of Common Stock presently outstanding based upon the 71,155,347
shares of Common Stock reported by the Company to be issued and outstanding as
of December 1, 2007 in its Form 10-Q filed with the SEC on December 5, 2007 (the
“Issued and Outstanding Shares”).
Barington
Companies Equity Partners, L.P. is a Delaware limited partnership. The principal
business of Barington Companies Equity Partners, L.P. is acquiring, holding and
disposing of investments in various companies. The address of the principal
business and principal office of Barington Companies Equity Partners, L.P. is
888 Seventh Avenue, 17th Floor, New York, New York 10019.
Barington
Investments, L.P. is a Delaware limited partnership. The principal business of
Barington Investments, L.P. is acquiring, holding and disposing of investments
in various companies. The address of the principal business and principal office
of Barington Investments, L.P. is 888 Seventh Avenue, 17th Floor, New York, New
York 10019.
Barington
Companies Offshore Fund, Ltd. is an international business company organized
under the laws of the British Virgin Islands. The principal business of
Barington Companies Offshore Fund, Ltd. is acquiring, holding and disposing of
investments in various companies. The address of the principal business and
principal office of Barington Companies Offshore Fund, Ltd. is c/o Bison
Financial Services Limited, Bison Court, Road Town, Tortola, British Virgin
Islands. The executive officers and directors of Barington Companies Offshore
Fund, Ltd. and their principal occupations and business addresses are set forth
on Schedule I and incorporated by reference in this Item 2.
The
general partner of Barington Companies Equity Partners, L.P. is Barington
Companies Investors, LLC. Barington Companies Investors, LLC is a Delaware
limited liability
company.
The principal business of Barington Companies Investors, LLC is serving as the
general partner of Barington Companies Equity Partners, L.P. The address of the
principal business and principal office of Barington Companies Investors, LLC is
888 Seventh Avenue, 17th Floor, New York, New York 10019. James A. Mitarotonda
is the Managing Member of Barington Companies Investors, LLC.
The
general partner of Barington Investments, L.P. is Barington Companies Advisors,
LLC. Barington Companies Advisors, LLC is a Delaware limited liability company.
The principal business of Barington Companies Advisors, LLC is serving as the
general partner of Barington Investments, L.P. The address of the principal
business and principal office of Barington Companies Advisors, LLC is 888
Seventh Avenue, 17th Floor, New York, New York 10019. James A. Mitarotonda is
the Managing Member of Barington Companies Advisors, LLC.
The
investment advisor of Barington Companies Offshore Fund, Ltd. is Barington
Offshore Advisors II, LLC. Barington Offshore Advisors II, LLC is a Delaware
limited liability company. The principal business of Barington Offshore Advisors
II, LLC is serving as the investment advisor of Barington Companies Offshore
Fund, Ltd. The address of the principal business and principal office of
Barington Offshore Advisors II, LLC is 888 Seventh Avenue, 17th Floor, New York,
New York 10019. James A. Mitarotonda is the Managing Member of Barington
Offshore Advisors II, LLC.
Barington
Companies Investors, LLC, Barington Companies Advisors, LLC and Barington
Offshore Advisors II, LLC are each majority-owned subsidiaries of Barington
Capital Group, L.P. Barington Capital Group, L.P. is a New York limited
partnership. The principal business of Barington Capital Group, L.P. is
acquiring, holding and disposing of investments in various companies. The
address of the principal business and principal office of Barington Capital
Group, L.P. is 888 Seventh Avenue, 17th Floor, New York, New York
10019.
The
general partner of Barington Capital Group, L.P. is LNA Capital Corp. LNA
Capital Corp. is a Delaware corporation. The principal business of LNA Capital
Corp. is serving as the general partner of Barington Capital Group, L.P. The
address of the principal business and principal office of LNA Capital Corp. is
c/o Barington Capital Group, L.P., 888 Seventh Avenue, 17th Floor, New York, New
York 10019. James A. Mitarotonda is the sole stockholder and director of LNA
Capital Corp. The executive officers of LNA Capital Corp. and their principal
occupations and business addresses are set forth on Schedule II and incorporated
by reference in this Item 2. The principal occupation of Mr. Mitarotonda is
serving as the Chairman and Chief Executive Officer of Barington Capital Group,
L.P. The business address of Mr. Mitarotonda is c/o Barington Capital Group,
L.P., 888 Seventh Avenue, 17th Floor, New York, New York 10019.
RJG
Capital Partners, L.P. is a Delaware limited partnership formed to engage in the
business of acquiring, holding and disposing of investments in various
companies. The address of the principal business and principal office of RJG
Capital Partners, L.P. is 11517 West Hill Drive, North Bethesda, Maryland
20852.
The general partner of RJG Capital Partners, L.P. is RJG Capital Management,
LLC. RJG Capital Management, LLC is a Delaware limited liability company formed
to be the general partner of RJG Capital Partners, L.P. The address of the
principal business and principal office of RJG Capital Management, LLC is 11517
West Hill Drive, North Bethesda, Maryland 20852. Ronald J. Gross is the Managing
Member of RJG Capital Management, LLC. The business
address
of Mr. Gross is c/o RJG Capital Management, LLC, 11517 West Hill Drive, North
Bethesda, Maryland 20852.
Clinton
Multistrategy Master Fund, Ltd. is a Cayman Islands company. The principal
business of Clinton Multistrategy Master Fund, Ltd. is to invest in securities.
The address of the principal business and principal office of Clinton
Multistrategy Master Fund, Ltd. is c/o Fortis Fund Services (Cayman) Limited,
P.O. Box 2003 GT, Grand Pavilion Commercial Centre, 802 West Bay Road, Grand
Cayman, Cayman Islands. The directors of Clinton Multistrategy Master Fund, Ltd.
and their principal occupations and business addresses are set forth on Schedule
III and incorporated by reference in this Item 2. Clinton Multistrategy Master
Fund, Ltd. has no executive officers.
Clinton
Special Opportunities Master Fund, Ltd. is a Cayman Islands company. The
principal business of Clinton Special Opportunities Master Fund, Ltd. is to
invest in securities. The address of the principal business and principal office
of Clinton Special Opportunities Master Fund, Ltd. is c/o Fortis Fund Services
(Cayman) Limited, P.O. Box 2003 GT, Grand Pavilion Commercial Centre, 802 West
Bay Road, Grand Cayman, Cayman Islands. The directors of Clinton Special
Opportunities Master Fund, Ltd. and their principal occupations and business
addresses are set forth on Schedule IV and incorporated by reference in this
Item 2. Clinton Special Opportunities Master Fund, Ltd. has no executive
officers.
Clinton
Magnolia Master Fund, Ltd. is a Cayman Islands exempted company. The principal
business of Clinton Magnolia Master Fund, Ltd. is to invest in securities. The
address of the principal business and principal office of Clinton Magnolia
Master Fund, Ltd. is c/o Fortis Fund Services (Cayman) Limited, P.O. Box 2003GT,
Grand Pavilion Commercial Centre, 802 West Bay Road, Grand Cayman, Cayman
Islands. The directors of Clinton Magnolia Master Fund, Ltd and their principal
occupations and business addresses are set forth on Schedule V and incorporated
by reference in this Item 2. Clinton Magnolia Master Fund, Ltd. has no executive
officers.
The investment manager of Clinton Multistrategy Master Fund, Ltd., Clinton
Special Opportunities Master Fund, Ltd. and Clinton Magnolia Master Fund, Ltd.
is Clinton Group, Inc. Clinton Group, Inc. is a Delaware corporation. The
principal business of Clinton Group, Inc. is investing for funds and accounts
under its management. The address of the principal business and principal office
of Clinton Group, Inc. is 9 West 57th Street, 26th Floor, New York, New York
10019. Mr. Hall is the Chief Investment Officer and President of Clinton Group,
Inc. The business address of Mr. Hall is set forth above. The executive officers
and directors of Clinton Group, Inc. and their principal occupations and
business addresses are set forth on Schedule VI and incorporated by reference in
this Item 2.
The
Reporting Entities do not believe that certain of the foregoing information is
called for by the Items of Schedule 13D and are disclosing it for supplemental
informational purposes only. Information with respect to each of the Reporting
Entities is given solely by such Reporting Entity and no Reporting Entity shall
have responsibility for the accuracy or completeness of information supplied by
another Reporting Entity.
(d) - (e)
During the last five years, none of the Reporting Entities or any other person
identified in response to this Item 2 was convicted in a criminal proceeding
(excluding traffic violations and similar misdemeanors) or was a party to a
civil proceeding of a judicial or administrative body of competent jurisdiction
and as a result of such proceeding was or is subject to a judgment, decree or
final order enjoining future violations of, or prohibiting or
mandating
activities
subject to, federal or state securities laws or finding any violation with
respect to such laws.
(f) Each
natural person identified in Item 2 is a citizen of the United States, other
than Graham Cook, a director of Barington Companies Offshore Fund, Ltd., who is
a citizen of the United Kingdom, Jonathan Clipper, a director of Barington
Companies Offshore Fund, Ltd., who is a citizen of Bermuda and the United
Kingdom, Jane Fleming, a director of Clinton Multistrategy Master Fund, Ltd.,
who is a citizen of the United Kingdom, Dennis Hunter, a director of Clinton
Multistrategy Master Fund, Ltd. and Clinton Special Opportunities Master Fund,
Ltd., who is a citizen of the United Kingdom, Roger Hanson, a director of
Clinton Multistrategy Master Fund, Ltd. and Clinton Special Opportunities Master
Fund, Ltd., who is a citizen of the United Kingdom, Blair Gauld, a director of
Clinton Multistrategy Master Fund, Ltd., who is a citizen of New Zealand and
Cassandra Powell, a director of Clinton Special Opportunities Master Fund, Ltd.,
who is a citizen of the Cayman Islands.
Item
4. Purpose of
Transaction.
Item 4 of the Statement is hereby
amended and supplemented as follows:
On April
1, 2008, the Company entered into an agreement (the “Agreement”) with the
Reporting Entities that will avoid a proxy contest for the election of directors
at the Company’s 2008 annual meeting of stockholders. The following
is a brief description of the terms of the Agreement with the Reporting
Entities, which description is qualified in its entirety by reference to the
full text of the Agreement which is attached as Exhibit 99.8 hereto and
incorporated by reference herein.
Pursuant
to the Agreement, the Company has agreed to include Nick White, Frank Mori,
Jimmy Haslam and Brad Martin (the “Class A Nominees”) on the Board’s slate of
nominees for the 2008 annual meeting for election as directors to represent the
holders of the Common Stock, for a term ending at the Company’s 2009 annual
meeting. The Company has agreed to use all reasonable best efforts to
ensure that each of the Class A Nominees are elected by the holders of the
Common Stock at the 2008 annual meeting, including recommending that the
Company’s stockholders vote in favor of the Class A Nominees. The
Company has also agreed to appoint at least one Class A Nominee, upon election
to the Board, to the Board’s Audit Committee and Stock Option and Executive
Compensation Committee, to the extent that the nominee is qualified to serve on
such a committee.
The
Reporting Entities have agreed to vote in favor of the Class A Nominees and to
vote against any stockholder nominations for director which are not approved and
recommended by the Board for election at the 2008 annual meeting, provided that
the slate includes the Class A Nominees. The Reporting Entities have
also agreed to (a) withdraw notice of the intention of Barington to nominate
persons for election as directors at the 2008 annual meeting, (b) withdraw a
letter demanding copies of certain books and records of the Company under
Section 220 of the Delaware General Corporation Law and the common law of the
State of Delaware and (c) terminate the pending proxy contest with respect to
the election of directors at the 2008 annual meeting.
The
Company and the Board have agreed to examine in good faith and take commercially
reasonable steps to achieve an optimal capital structure for the Company, which
may include repurchase of shares of Common Stock. In addition, the
Company has stated in its press release announcing the Agreement that (a) the
Company’s Class B
Page 23 of 53 Pages
board
members are committed to working with the new Class A board members to ensure
that the best operating plan and management team possible are in place, (b) that
Dillard's is committed to reviewing whether the company’s real estate assets and
capital are being optimally deployed to prudently build the most value per share
for long-term owners and (c) that the Company plans to close underperforming
stores in order to rationalize real estate as soon as possible, will cut
unnecessary costs and subject all future commitments for new stores to strict
return on capital requirements that will be set by the Board and
management. A copy of the press release is attached Exhibit 99.9
hereto and incorporated by reference herein.
Item
5. Interest in Securities of
the Issuer.
Item 5 of
the Statement is hereby amended and restated as follows:
(a) – (b)
As of April 1, 2008, Barington Companies Equity Partners, L.P. beneficially owns
an aggregate of 597,230 shares of Common Stock, which includes 29,400 shares of
Common Stock subject to call options, representing approximately
0.84% of the Issued and Outstanding Shares. As of April 1, 2008,
Barington Investments, L.P. beneficially owns 395,507 shares of Common Stock,
which includes 19,400 shares of Common Stock subject to call options, representing approximately
0.56% of the Issued and Outstanding Shares. As of April 1, 2008,
Barington Companies Offshore Fund, Ltd. beneficially owns 1,042,132 shares of
Common Stock, which includes 51,200 shares of Common Stock subject to call
options, representing approximately 1.46% of the Issued and Outstanding
Shares. As the general partner of Barington Companies Equity
Partners, L.P., Barington Companies Investors, LLC may be deemed to beneficially
own the 597,230 shares of Common Stock beneficially owned by Barington Companies
Equity Partners, L.P., which includes 29,400 shares of Common Stock subject to
call options, representing approximately
0.84% of the Issued and Outstanding Shares. As the general partner of
Barington Investments, L.P., Barington Companies Advisors, LLC may be deemed to
beneficially own the 395,507 shares of Common Stock beneficially owned by
Barington Investments, L.P., which includes 19,400 shares of Common Stock
subject to call options, representing approximately 0.56% of the Issued and
Outstanding Shares. As the investment advisor to Barington Companies
Offshore Fund, Ltd., Barington Offshore Advisors II, LLC may be deemed to
beneficially own the 1,042,132 shares of Common Stock beneficially owned by
Barington Companies Offshore Fund, Ltd., which includes 51,200 shares of Common
Stock subject to call options, representing approximately 1.46% of the Issued
and Outstanding Shares. As the majority member of Barington Companies
Investors, LLC, Barington Companies Advisors, LLC and Barington Offshore
Advisors II, LLC, Barington Capital Group, L.P. may be deemed to beneficially
own the 597,230 shares of Common Stock beneficially owned by Barington Companies
Equity Partners, L.P., the 395,507 shares of Common Stock beneficially owned by
Barington Investments, L.P. and the 1,042,132 shares of Common Stock
beneficially owned by Barington Companies Offshore Fund, Ltd., constituting an
aggregate of 2,034,869 shares of Common Stock, including an aggregate of 100,000
shares of Common Stock subject to call options, representing approximately 2.86%
of the Issued and Outstanding Shares. As the general partner of
Barington Capital Group, L.P., LNA Capital Corp. may be deemed to beneficially
own the 597,230 shares of Common Stock beneficially owned by Barington Companies
Equity Partners, L.P., the 395,507 shares of Common Stock beneficially owned by
Barington Investments, L.P. and the 1,042,132 shares of Common Stock
beneficially owned by Barington Companies Offshore Fund, Ltd., constituting an
aggregate of 2,034,869 shares of Common Stock, including an aggregate of 100,000
shares of Common Stock subject to call options, representing approximately 2.86%
of the Issued and Outstanding Shares. As the sole
stockholder
and director of LNA Capital Corp., James A. Mitarotonda may be deemed to
beneficially own the 597,230 shares of Common Stock beneficially owned by
Barington Companies Equity Partners, L.P., the 395,507 shares of Common Stock
beneficially owned by Barington Investments, L.P. and the 1,042,132 shares of
Common Stock beneficially owned by Barington Companies Offshore Fund, Ltd.,
constituting an aggregate of 2,034,869 shares of Common Stock, including an
aggregate of 100,000 shares of Common Stock subject to call options,
representing approximately 2.86% of the Issued and Outstanding
Shares. Mr. Mitarotonda has sole voting and dispositive power
with respect to the 597,230 shares of Common Stock beneficially owned by
Barington Companies Equity Partners, L.P., which includes 29,400 shares of
Common Stock subject to call options, the 395,507 shares of
Common Stock beneficially owned by Barington Investments, L.P., which includes
19,400 shares of Common Stock subject to call options, and the 1,042,132 shares
of Common Stock beneficially owned by Barington Companies Offshore Fund, Ltd.,
which includes 51,200 shares of Common Stock subject to call
options. Mr. Mitarotonda disclaims beneficial ownership of any such
shares except to the extent of his pecuniary interest therein.
As of April 1, 2008, RJG Capital
Partners, L.P. beneficially owns 11,500 shares of Common Stock, representing
approximately 0.02% of the Issued and Outstanding Shares. As the
general partner of RJG Capital Partners, L.P., RJG Capital Management, LLC may
be deemed to beneficially own the 11,500 shares owned by RJG Capital Partners,
L.P., representing approximately 0.02% of the Issued and Outstanding
Shares. As the managing member of RJG Capital Management, LLC, which
in turn is the general partner of RJG Capital Partners, L.P., Mr. Gross may be
deemed to beneficially own the 11,500 shares owned by RJG Capital Partners,
L.P., representing approximately 0.02% of the Issued and Outstanding
Shares. Mr. Gross has sole voting and dispositive power with respect
to the 11,500 shares owned by RJG Capital Partners, L.P. by virtue of his
authority to vote and dispose of such shares. Mr. Gross disclaims
beneficial ownership of any such shares except to the extent of his pecuniary
interest therein.
As of April 1, 2008, Clinton
Multistrategy Master Fund, Ltd. beneficially owns 494,750 shares of Common
Stock, representing approximately 0.70% of the Issued and Outstanding
Shares. As of April 1, 2008, Clinton Special Opportunities Master
Fund, Ltd. beneficially owns 20,000 shares of Common Stock subject to call
options, representing approximately 0.03% of the Issued and Outstanding
Shares. As of April 1, 2008, Clinton Magnolia Master Fund, Ltd.
beneficially owns 1,247,400 shares of Common Stock, representing approximately
1.75% of the Issued and Outstanding Shares. By virtue of investment
management agreements with each of Clinton Multistrategy Master Fund, Ltd.,
Clinton Special Opportunities Master Fund, Ltd. and Clinton Magnolia Master
Fund, Ltd., Clinton Group, Inc. may be deemed to beneficially own the 494,750
shares of Common Stock beneficially owned by Clinton Multistrategy Master Fund,
Ltd., the 20,000 shares of Common Stock subject to call options beneficially
owned by Clinton Special Opportunities Master Fund, Ltd. and the 1,247,400
shares of Common Stock beneficially owned by Clinton Magnolia Master Fund, Ltd.,
constituting an aggregate of 1,762,150 shares of Common Stock, including an
aggregate of 20,000 shares of Common Stock subject to call options, representing
approximately
2.48% of
the Issued and Outstanding Shares. By virtue of his direct and
indirect control of Clinton Group, Inc., Mr. Hall may be deemed to beneficially
own the 494,750 shares of Common Stock beneficially owned by Clinton
Multistrategy Master Fund, Ltd., the 20,000 shares of Common Stock subject to
call options beneficially owned by Clinton Special Opportunities Master Fund,
Ltd., and the 1,247,400 shares of Common Stock beneficially owned by Clinton
Magnolia Master Fund, Ltd., constituting an aggregate of 1,762,150 shares of
Common Stock, including an aggregate of 20,000 shares of Common Stock subject to
call options, representing approximately 2.48% of the Issued and Outstanding
Shares. By virtue of investment management agreements with each of
Clinton Multistrategy Master Fund, Ltd., Clinton Special Opportunities Master
Fund, Ltd. and Clinton Magnolia Master Fund, Ltd., Clinton Group, Inc. has the
power to vote or direct the voting, and to dispose or direct the disposition, of
the 494,750 shares of Common Stock beneficially owned by Clinton Multistrategy
Master Fund, Ltd., the 20,000 shares of Common Stock subject to call options
beneficially owned by Clinton Special Opportunities Master Fund, Ltd. and the
1,247,400 shares of Common Stock beneficially owned by Clinton Magnolia Master
Fund, Ltd. By virtue of his direct and indirect control of Clinton Group, Inc.,
Mr. Hall is deemed to have shared voting power and shared dispositive power with
respect to all shares of Common Stock as to which Clinton Group, Inc. has voting
power or dispositive power. Accordingly, Clinton Group, Inc. and Mr.
Hall are deemed to have shared voting and shared dispositive power with respect
to the 494,750 shares of Common Stock beneficially owned by Clinton
Multistrategy Master Fund, Ltd., the 20,000 shares of Common Stock subject to
call options beneficially owned by Clinton Special Opportunities Master Fund,
Ltd. and the 1,247,400 shares of Common Stock beneficially owned by Clinton
Magnolia Master Fund, Ltd. Mr. Hall disclaims beneficial ownership of
any such shares except to the extent of his pecuniary interest
therein.
Except to the extent expressly stated
herein, each Reporting Entity disclaims beneficial ownership of any shares of
Common Stock beneficially owned by any other Reporting Entity.
The Reporting Entities do not believe
that certain of the foregoing information is called for by the Items of Schedule
13D and are disclosing it for supplemental informational purposes
only. Information with respect to each of the Reporting Entities is
given solely by such Reporting Entity and no Reporting Entity shall have
responsibility for the accuracy or completeness of information supplied by
another Reporting Entity.
(c) Information concerning
all transactions in shares of Common Stock effected by the Reporting Entities
since the filing of the Statement, including, without limitation, with respect
to shares of Common Stock subject to listed American-style call and
put options, is set forth in the Schedule VII attached hereto and incorporated
herein by reference.
(d) Not
applicable.
(e) Not
applicable.
Item
6. Contracts, Arrangements,
Understandings or Relationships With Respect to Securities of the
Issuer.
The
Reporting Entities entered into an Agreement with the Company dated as of April
1, 2008, as further described in Item 4, a copy of which is attached as Exhibit
99.8 hereto and incorporated herein by reference.
Item
7. Material to be Filed as
Exhibits.
| 99.8 |
Agreement
among Dillard's, Inc., Barington Companies Equity Partners, L.P.,
Barington Companies Investors, LLC, Barington Investments, L.P., Barington
Companies Advisors, LLC, Barington Companies Offshore Fund, Ltd.,
Barington Offshore Advisors II, LLC, Barington Capital Group, L.P., LNA
Capital Corp., RJG Capital Partners, L.P., RJG Capital Management, LLC,
Clinton Multistrategy Master Fund, Ltd., Clinton Special Opportunities
Master Fund, Ltd., Clinton Magnolia Master Fund, Ltd., Clinton Lexington
Master Fund, L.P. and Clinton Group, Inc. dated April 1,
2008. |
| |
|
|
99.9
|
Press
release of the Company dated April 1,
2008.
|
|
99.10
|
Agreement
of Joint Filing among Barington Companies Equity Partners, L.P., Barington
Companies Investors, LLC, Barington Investments, L.P., Barington Companies
Advisors, LLC, Barington Companies Offshore Fund, Ltd., Barington Offshore
Advisors II, LLC, Barington Capital Group, L.P., LNA Capital Corp., James
A. Mitarotonda, RJG Capital Partners, L.P., RJG Capital Management, LLC,
Ronald J. Gross, Clinton Multistrategy Master Fund, Ltd., Clinton Special
Opportunities Master Fund, Ltd., Clinton Magnolia Master Fund, Ltd.,
Clinton Group, Inc. and George E. Hall dated April 2, 2008 (which
supersedes and replaces the Agreement of Joint Filing dated January 29,
2008, as previously filed as Exhibit 99.3 to the Schedule 13D filed with
the SEC on January 29, 2008).
|
SIGNATURES
After reasonable inquiry and to the
best knowledge and belief of the undersigned, the undersigned certify that the
information set forth in this Statement is true, complete and
correct.
Dated: April
2, 2008
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
BARINGTON
INVESTMENTS, L.P.
By:
Barington Companies Advisors, LLC, its general partner
By: /s/ James A.
Mitarotonda
Name:
James A. Mitarotonda
Title:
Managing Member
BARINGTON
COMPANIES ADVISORS, LLC
By: /s/ James A.
Mitarotonda
Name:
James A. Mitarotonda
Title:
Managing Member
BARINGTON
COMPANIES OFFSHORE FUND, LTD.
By: /s/ James A.
Mitarotonda
Name:
James A. Mitarotonda
Title: Authorized
Signatory
BARINGTON
OFFSHORE ADVISORS II, LLC
By: /s/ James A.
Mitarotonda
Name:
James A. Mitarotonda
Title: Managing
Member
BARINGTON
CAPITAL GROUP, L.P.
By: LNA
Capital Corp., its general partner
By: /s/ James A.
Mitarotonda
Name:
James A. Mitarotonda
Title: President
and CEO
LNA
CAPITAL CORP.
By: /s/ James A.
Mitarotonda
Name:
James A. Mitarotonda
Title: President
and CEO
/s/ James A.
Mitarotonda
James A.
Mitarotonda
RJG
CAPITAL PARTNERS, L.P.
By: RJG
Capital Management, LLC, its general partner
By: /s/ Ronald J.
Gross
Name:
Ronald J. Gross
Title:
Managing Member
RJG
CAPITAL MANAGEMENT, LLC
By: /s/ Ronald J.
Gross
Name:
Ronald J. Gross
Title: Managing
Member
/s/ Ronald J.
Gross
Ronald J.
Gross
CLINTON
MULTISTRATEGY MASTER FUND, LTD.
By:
Clinton Group, Inc., its investment manager
By: /s/ Francis
Ruchalski
Name: Francis
Ruchalski
Title:
Chief Financial Officer
CLINTON
SPECIAL OPPORTUNITIES MASTER FUND, LTD.
By:
Clinton Group, Inc., its investment manager
By: /s/ Francis
Ruchalski
Name: Francis
Ruchalski
Title:
Chief Financial Officer
CLINTON
MAGNOLIA MASTER FUND, LTD.
By:
Clinton Group, Inc., its investment manager
By: /s/ Francis
Ruchalski
Name: Francis
Ruchalski
Title:
Chief Financial Officer
CLINTON
GROUP, INC.
By: /s/ Francis
Ruchalski
Name:
Francis Ruchalski
Title:
Chief Financial Officer
/s/ George E.
Hall
George E.
Hall
SCHEDULE
I
Directors
and Officers of Barington Companies Offshore Fund, Ltd.
|
Name and Position
|
Principal Occupation
|
Principal Business
Address
|
|
|
|
|
|
Sebastian
E. Cassetta
Director
|
Senior
Managing Director and
Chief
Operating Officer of
Barington
Capital Group, L.P.
|
888
Seventh Avenue
17th
Floor
New
York, NY 10019
|
|
|
|
|
|
Jonathan
Clipper
Director
|
Managing
Director of
Bedford
Management Ltd
|
7
Reid Street, Suite 108
Hamilton
HM11, Bermuda
|
|
|
|
|
|
Graham
Cook
Director
|
Director/Manager,
Corporate
Services
of Bison Financial
Services,
Ltd.
|
Bison
Court
P.O.
Box 3460
Road
Town, Tortola
British
Virgin Islands
|
|
|
|
|
|
Citigroup
Fund Services, Ltd.
Secretary
|
Fund
Administration
|
Washington
Mall 1, 3rd
Flr.
22
Church Street
Hamilton
HM11, Bermuda
|
|
|
|
|
|
Seth
I. Berman
Treasurer
|
Chief
Financial Officer of
Barington
Capital Group, L.P.
|
888
Seventh Avenue
17th
Floor
New
York, NY 10019
|
SCHEDULE
II
Officers
of LNA Capital Corp.
|
Name and Position
|
Principal Occupation
|
Principal Business
Address
|
|
|
|
|
|
James
A. Mitarotonda
President
and CEO
|
Chairman
and Chief Executive Officer of
Barington
Capital Group, L.P.
|
888
Seventh Avenue
17th
Floor
New
York, NY 10019
|
|
|
|
|
|
Sebastian
E. Cassetta
Secretary
|
Senior
Managing Director and Chief Operating Officer of
Barington
Capital Group, L.P.
|
888
Seventh Avenue
17th
Floor
New
York, NY 10019
|
|
|
|
|
|
Seth
I. Berman
Treasurer
|
Chief
Financial Officer of
Barington
Capital Group, L.P.
|
888
Seventh Avenue
17th
Floor
New
York, NY 10019
|
SCHEDULE
III
Directors
of Clinton Multistrategy Master Fund, Ltd.
|
Name and Position
|
Principal Occupation
|
Principal Business
Address
|
|
|
|
|
|
Jane
Fleming
Director
|
Client
Accountant of
Queensgate
Bank & Trust
Company
Ltd.
|
Queensgate
Bank & Trust
Company
Ltd.
Harbour
Place, 5th Floor
103
South Church Street
P.O.
Box 30464 SMB
Grand
Cayman, Cayman Islands
|
|
|
|
|
|
Dennis
Hunter
Director
|
Director
of Queensgate Bank & Trust Company Ltd.
|
Queensgate
Bank & Trust
Company
Ltd.
Harbour
Place, 5th Floor
103
South Church Street
P.O.
Box 30464 SMB
Grand
Cayman, Cayman Islands
|
|
|
|
|
|
Roger
Hanson
Director
|
Director
of dms Management Ltd.
|
dms
Management Ltd.
P.O.
Box 31910 SMB
Ansbacher
House
20
Genesis Close
Grand
Cayman, Cayman Islands
|
|
|
|
|
|
Blair
Gauld
Director
|
Director
of Queensgate Bank & Trust Company Ltd.
|
Queensgate
Bank & Trust
Company
Ltd.
Harbour
Place, 5th Floor
103
South Church Street
P.O.
Box 30464 SMB
Grand
Cayman, Cayman Islands
|
SCHEDULE
IV
Directors
of Clinton Special Opportunities Master Fund, Ltd.
|
Name and Position
|
Principal Occupation
|
Principal Business
Address
|
|
|
|
|
|
Dennis
Hunter
Director
|
Director
of Queensgate Bank & Trust Company Ltd.
|
Queensgate
Bank & Trust
Company
Ltd.
Harbour
Place, 5th Floor
103
South Church Street
P.O.
Box 30464 SMB
Grand
Cayman, Cayman Islands
|
|
|
|
|
|
Roger
Hanson
Director
|
Director
of dms Management Ltd.
|
dms
Management Ltd.
P.O.
Box 31910 SMB
Ansbacher
House
20
Genesis Close
Grand
Cayman, Cayman Islands
|
|
|
|
|
|
Cassandra
Powell
Director
|
Senior
Manager of Queensgate Bank & Trust Company Ltd
|
Queensgate
Bank & Trust
Company
Ltd.
Harbour
Place, 5th Floor
103
South Church Street
P.O.
Box 30464 SMB
Grand
Cayman, Cayman Islands
|
SCHEDULE
V
Directors
of Clinton Magnolia Master Fund, Ltd.
|
Name and Position
|
Principal Occupation
|
Principal Business
Address
|
|
|
|
|
|
Jane
Fleming
Director
|
Client
Accountant of Queensgate Bank & Trust Company Ltd.
|
Queensgate
Bank & Trust
Company
Ltd.
Harbour
Place, 5th Floor
103
South Church Street
P.O.
Box 30464 SMB
Grand
Cayman, Cayman Islands
|
|
|
|
|
|
Dennis
Hunter
Director
|
Director
of Queensgate Bank & Trust Company Ltd
|
Queensgate
Bank & Trust
Company
Ltd.
Harbour
Place, 5th Floor
103
South Church Street
P.O.
Box 30464 SMB
Grand
Cayman, Cayman Islands
|
|
|
|
|
|
Roger
Hanson
Director
|
Director
of dms Management Ltd.
|
dms
Management Ltd.
P.O.
Box 31910 SMB
Ansbacher
House
20
Genesis Close
Grand
Cayman, Cayman Islands
|
SCHEDULE
VI
Directors
and Executive Officers of Clinton Group, Inc.
|
Name and Position
|
Principal Occupation
|
Principal Business
Address
|
|
|
|
|
|
George
E. Hall
|
Director
and President of
Clinton
Group, Inc.
|
9
West 57th Street
26th
Floor
New
York, NY 10019
|
|
|
|
|
|
Francis
A. Ruchalski
|
Director
and Chief Financial Officer of
Clinton
Group, Inc.
|
9
West 57th Street
26th
Floor
New
York, NY 10019
|
|
|
|
|
|
Wendy
Ruberti
|
General
Counsel and Assistant Secretary of
Clinton
Group, Inc.
|
9
West 57th Street
26th
Floor
New
York, NY 10019
|
|
|
|
|
|
John
L. Hall
|
Director
of Clinton Group, Inc.
|
9
West 57th Street
26th
Floor
New
York, NY 10019
|
SCHEDULE
VII
This schedule sets forth information
with respect to each purchase and sale of Common Stock and purchase and sale of
listed American-style call and put options which were effectuated by a Reporting
Entity since the filing of the Statement. All transactions were
effectuated in the open market through a broker.
Options
purchased and sold by Barington Companies Equity Partners, L.P.
|
Date
|
Transaction Type
|
Type
|
Quantity
|
Exercise Price
|
Expiration Date
|
Unit Price
|
Cost(*)
|
|
3/26/2008
|
Cover
Short
|
Call
|
44,000
|
$20.00
|
8/15/2008
|
$1.7410
|
$76,604.00
|
|
3/26/2008
|
Short
Sell
|
Put
|
(26,700)
|
$15.00
|
5/17/2008
|
$0.5527
|
$(14,757.09)
|
Options
purchased and sold by Barington Investments, L.P.
|
Date
|
Transaction Type
|
Type
|
Quantity
|
Exercise Price
|
Expiration Date
|
Unit Price
|
Cost(*)
|
|
3/26/2008
|
Cover
Short
|
Call
|
29,200
|
$20.00
|
8/15/2008
|
$1.7410
|
$50,837.20
|
|
3/26/2008
|
Short
Sell
|
Put
|
(17,700)
|
$15.00
|
5/17/2008
|
$0.5527
|
$(9,782.79)
|
Options
purchased and sold by Barington Companies Offshore Fund, Ltd.
|
Date
|
Transaction Type
|
Type
|
Quantity
|
Exercise Price
|
Expiration Date
|
Unit Price
|
Cost(*)
|
|
3/26/2008
|
Cover Short
|
Call
|
76,800
|
$20.00
|
8/15/2008
|
$1.7410
|
$133,708.80
|
|
3/26/2008
|
Short Sell
|
Put
|
(46,600)
|
$15.00
|
5/17/2008
|
$0.5527
|
$(25,755.82)
|
Options
purchased and sold by Clinton Magnolia Master Fund, Ltd.
|
Date
|
Transaction Type
|
Type
|
Quantity
|
Exercise Price
|
Expiration Date
|
Unit Price
|
Cost(*)
|
|
3/24/2008
|
Short
Sell
|
Call
|
(600)
|
$20.00
|
4/19/2008
|
$0.70
|
$420.00
|
|
3/24/2008
|
Short
Sell
|
Call
|
(10,000)
|
$20.00
|
5/17/2008
|
$1.05
|
$10,500.00
|
------------------------------
(*) Excludes
commissions and other execution-related costs