0000950123-11-078628.txt : 20110819 0000950123-11-078628.hdr.sgml : 20110819 20110819060050 ACCESSION NUMBER: 0000950123-11-078628 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20110819 DATE AS OF CHANGE: 20110819 GROUP MEMBERS: BOSTON AVENUE CAPITAL LLC GROUP MEMBERS: CHARLES M. GILLMAN GROUP MEMBERS: GLENN TONGUE GROUP MEMBERS: JAMES F. ADELSON GROUP MEMBERS: KENNETH H. SHUBIN STEIN GROUP MEMBERS: PHIL FROHLICH GROUP MEMBERS: PRESCOTT GROUP AGGRESSIVE SMALL CAP II, L.P. GROUP MEMBERS: PRESCOTT GROUP AGGRESSIVE SMALL CAP, L.P. GROUP MEMBERS: PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C. GROUP MEMBERS: RICHARD K. COLEMAN, JR. GROUP MEMBERS: SPENCER CAPITAL FUND, LLC GROUP MEMBERS: SPENCER CAPITAL MANAGEMENT, LLC GROUP MEMBERS: STEPHEN J. HEYMAN GROUP MEMBERS: T2 ACCREDITED FUND, LP GROUP MEMBERS: T2 QUALIFIED FUND L P GROUP MEMBERS: TILSON FOCUS FUND GROUP MEMBERS: TILSON OFFSHORE FUND, LTD. GROUP MEMBERS: WHITNEY TILSON FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Boston Avenue Capital LLC CENTRAL INDEX KEY: 0001297972 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: BUSINESS PHONE: 918-583-3333 MAIL ADDRESS: STREET 1: 15 EAST 5TH STREET, SUITE 3200 CITY: TULSA STATE: OK ZIP: 74103 FORMER COMPANY: FORMER CONFORMED NAME: Boston Avenue Capital DATE OF NAME CHANGE: 20040721 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MRV COMMUNICATIONS INC CENTRAL INDEX KEY: 0000887969 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 061340090 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-46649 FILM NUMBER: 111045983 BUSINESS ADDRESS: STREET 1: 20415 NORDHOFF ST CITY: CHATSWORTH STATE: CA ZIP: 91311 BUSINESS PHONE: 8187730900 MAIL ADDRESS: STREET 1: 20415 NORDHOFF ST CITY: CHATSWORTH STATE: CA ZIP: 91311 SC 13D/A 1 c21730sc13dza.htm SCHEDULE 13D/A Schedule 13D/A

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No. 2 )*

MRV COMMUNICATIONS, INC.
(Name of Issuer)
Common Stock, $.0.0017 par value per share
(Title of Class of Securities)
553477100
(CUSIP Number)
Fred Dorwart
Frederic Dorwart, Lawyers
124 E. 4th Street
Tulsa, Oklahoma 74103
(918)582-9945

Paula L. Skidmore
c/o Nadel and Gussman, LLC
15 East 5th Street, Suite 3200
Tulsa, Oklahoma 74103
(918) 583-3333
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
August 17, 2011
(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 §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

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.

* 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.
 
553477100 
 

 

           
1   NAMES OF REPORTING PERSONS

Boston Avenue Capital LLC
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  WC
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Oklahoma
       
  7   SOLE VOTING POWER
     
NUMBER OF   4,003,326
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   -0-
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   4,003,326
       
WITH 10   SHARED DISPOSITIVE POWER
     
    -0-
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  4,003,326
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  2.5%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  OO (Limited Liability Company)

2


 

                     
CUSIP No.
 
553477100 
 

 

           
1   NAMES OF REPORTING PERSONS

Charles M. Gillman
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  OO
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States
       
  7   SOLE VOTING POWER
     
NUMBER OF   4,058,838
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   -0-
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   4,058,838
       
WITH 10   SHARED DISPOSITIVE POWER
     
    -0-
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  4,058,838
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  2.6%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN

3


 

                     
CUSIP No.
 
553477100 
 

 

           
1   NAMES OF REPORTING PERSONS

Stephen J. Heyman
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  OO
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States
       
  7   SOLE VOTING POWER
     
NUMBER OF   4,003,326
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   -0-
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   4,003,326
       
WITH 10   SHARED DISPOSITIVE POWER
     
    -0-
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  4,003,326
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  2.5%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN

4


 

                     
CUSIP No.
 
553477100 
 

 

           
1   NAMES OF REPORTING PERSONS

James F. Adelson
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  OO
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States
       
  7   SOLE VOTING POWER
     
NUMBER OF   4,003,326
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   -0-
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   4,003,326
       
WITH 10   SHARED DISPOSITIVE POWER
     
    -0-
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  4,003,326
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  2.5%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN

5


 

                     
CUSIP No.
 
553477100 
 

 

           
1   NAMES OF REPORTING PERSONS

Spencer Capital Management, LLC
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  WC
     
5   CHECK 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   349,031
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   349,031
       
WITH 10   SHARED DISPOSITIVE POWER
     
    0
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  349,031
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  0.2%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  OO (Limited Liability Company)

6


 

                     
CUSIP No.
 
553477100 
 

 

           
1   NAMES OF REPORTING PERSONS

Spencer Capital Fund, LLC
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  WC
     
5   CHECK 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   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   196,892
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 10   SHARED DISPOSITIVE POWER
     
    196,892
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  196,892
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  0.13%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  OO (Limited Liability Company)

7


 

                     
CUSIP No.
 
553477100 
 

 

           
1   NAMES OF REPORTING PERSONS

Kenneth H. Shubin Stein
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  WC
     
5   CHECK 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   574,201
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   574,201
       
WITH 10   SHARED DISPOSITIVE POWER
     
    0
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  574,201
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  0.3%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN

8


 

                     
CUSIP No.
 
553477100 
 

 

           
1   NAMES OF REPORTING PERSONS

T2 Accredited Fund, LP
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  WC
     
5   CHECK 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   2,771,223
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   2,771,223
       
WITH 10   SHARED DISPOSITIVE POWER
     
    0
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  2,771,223
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  1.76%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  PN (Limited Partnership)

9


 

                     
CUSIP No.
 
553477100 
 

 

           
1   NAMES OF REPORTING PERSONS

T2 Qualified Fund L P
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  WC
     
5   CHECK 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   1,249,871
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   1,249,871
       
WITH 10   SHARED DISPOSITIVE POWER
     
    0
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  1,249,871
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  0.79%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  PN (Limited Partnership)

10


 

                     
CUSIP No.
 
553477100 
 

 

           
1   NAMES OF REPORTING PERSONS

Tilson Offshore Fund, Ltd.
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  WC
     
5   CHECK 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   1,690,244
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   1,690,244
       
WITH 10   SHARED DISPOSITIVE POWER
     
    0
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  1,690,244
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  1.07%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  CO

11


 

                     
CUSIP No.
 
553477100 
 

 

           
1   NAMES OF REPORTING PERSONS

Tilson Focus Fund
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  WC
     
5   CHECK 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   715,851
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   715,851
       
WITH 10   SHARED DISPOSITIVE POWER
     
    0
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  715,851
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  0.45%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IA

12


 

                     
CUSIP No.
 
553477100 
 

 

           
1   NAMES OF REPORTING PERSONS

Glenn Tongue
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  WC
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  NY
       
  7   SOLE VOTING POWER
     
NUMBER OF   6,427,779
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   6,427,779
       
WITH 10   SHARED DISPOSITIVE POWER
     
    0
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  6,427,779
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  4.08%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN

13


 

                     
CUSIP No.
 
553477100 
 

 

           
1   NAMES OF REPORTING PERSONS

Whitney Tilson
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  WC
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  NY
       
  7   SOLE VOTING POWER
     
NUMBER OF   6,427,189
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   6,427,189
       
WITH 10   SHARED DISPOSITIVE POWER
     
    0
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  6,427,189
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  4.08%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN

14


 

                     
CUSIP No.
 
553477100 
 

 

           
1   NAMES OF REPORTING PERSONS

Prescott Group Capital Management, L.L.C.
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  WC
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Oklahoma
       
  7   SOLE VOTING POWER
     
NUMBER OF   3,902,778
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   3,902,778
       
WITH 10   SHARED DISPOSITIVE POWER
     
    0
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  3,902,778
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  2.5%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IA

15


 

                     
CUSIP No.
 
553477100 
 

 

           
1   NAMES OF REPORTING PERSONS

Prescott Group Aggressive Small Cap, L.P.
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  WC
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Oklahoma
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   3,902,778
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 10   SHARED DISPOSITIVE POWER
     
    3,902,778
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  3,902,778
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  2.5%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  PN

16


 

                     
CUSIP No.
 
553477100 
 

 

           
1   NAMES OF REPORTING PERSONS

Prescott Group Aggressive Small Cap II, L.P.
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  WC
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Oklahoma
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   3,902,778
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 10   SHARED DISPOSITIVE POWER
     
    3,902,778
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  3,902,778
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  2.5%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  PN

17


 

                     
CUSIP No.
 
553477100 
 

 

           
1   NAMES OF REPORTING PERSONS

Phil Frohlich
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  WC
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  U.S.
       
  7   SOLE VOTING POWER
     
NUMBER OF   3,902,778
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   3,902,778
       
WITH 10   SHARED DISPOSITIVE POWER
     
    0
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  3,902,778
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  2.5%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN

18


 

                     
CUSIP No.
 
553477100 
 

 

           
1   NAMES OF REPORTING PERSONS

Richard K. Coleman, Jr.
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  WC
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  U.S.
       
  7   SOLE VOTING POWER
     
NUMBER OF   5,000
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   5,000
       
WITH 10   SHARED DISPOSITIVE POWER
     
    0
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  5,000
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  0%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN

19


 

Item 1. Security and Issuer
This Schedule 13D relates to shares of Common Stock, $0.0017 par value (the “Common Stock”) of MRV Communications, Inc. a Delaware Corporation (the “Issuer”). The principal executive office and mailing address of the Issuer is 20415 Nordhoff Street, Chatsworth, CA 91311.
This Amendment No. 2 to Schedule 13D (this “Amendment No. 2”) relates to shares of Common Stock, $0.0017 par value (the “Common Stock”) of MRV Communications, Inc. a Delaware Corporation (the “Issuer”), and amends the Schedule 13D filed by the undersigned on August 10, 2011 (the “Original 13D”) and Amendment No. 1 to the Original 13D filed on August 11, 2011 pursuant to Rule 13d-2(a) under the Securities Exchange Act of 1934, as amended. This Amendment No. 2 amends and restates Items 1 through 6 of the Original 13D by replacing those Items with the text set out herein. Capitalized terms used but not defined in this Amendment No. 2 shall have the meanings ascribed thereto in the Original 13D.
Item 2. Identity and Background
This Schedule 13D is jointly filed by:
    Boston Avenue Capital LLC (“Boston”), Charles M. Gillman (“Gillman”), Stephen J. Heyman (“Heyman”), and James F. Adelson (“Adelson”).
 
    Spencer Capital Fund, LLC (“SC Fund”), Spencer Capital Management, LLC (“SC Management”), and Kenneth H. Shubin Stein (“Shubin Stein”). SC Fund and SC Management are hereafter collectively called “Spencer.”
 
    T2 Accredited Fund, LP (“T2 Accredited”), T2 Qualified Fund L P (“T2 Qualified”), Tilson Offshore Fund (“Tilson Offshore), Ltd., Tilson Focus Fund (“Tilson Focus”), Glenn Tongue (“Tongue”), and Whitney Tilson (“Tilson”). T2Accredited, T2 Qualified, Tilson Offshore, and Tilson Focus are hereafter collectively called “T2.”
 
    Prescott Group Capital Management, L.L.C. (“Prescott Capital”), Prescott Group Aggressive Small Cap, L.P. (“Prescott Small Cap”), Prescott Group Aggressive Small Cap II, L.P. (“Prescott Small Cap II” and, together with Prescott Small Cap, the “Small Cap Funds”), and Phil Frohlich (“Frohlich”). Prescott Capital and Prescott Small Cap are hereafter collectively called “Prescott.”
 
    Richard K. Coleman, Jr. (“Coleman”).
Boston:
    Gillman is the portfolio manager for Boston. Heyman and Adelson are managers of Boston.
 
    The principal business address of Boston, Gillman, Heyman, and Adelson is 15 East 5th Street, Suite 3200, Tulsa, Oklahoma 74103.
 
    The principal business of Boston is investing in securities. The principal occupation of Gillman is providing portfolio management services to Nadel and Gussman, LLC, a management company that employs personnel for business entities related to family members of Herbert Gussman. The principal occupation of Heyman and Adelson is independent oil and gas exploration and development.
 
    Boston is organized under the laws of the State of Oklahoma. Gillman, Heyman, and Adelson are U.S. citizens.
Spencer:
    Shubin Stein is the managing member of SC Management. SC Management is a registered investment advisor
 
    The principal business address of SC Fund, SC Management and Shubin Stein is 1350 Avenue of the Americas, New York, NY 10019.
 
    The principal business of SC Fund and SC Management is investing in securities. The principal business of Shubin Stein is serving as the managing member of SC Management.
 
    SC Management is organized under the laws of the State of Delaware. SC Fund is organized under the laws of the State of New York. Shubin Stein is a U.S. citizen.
T2:
    Tongue and Tilson are principals with T2 Partners Management LP, the investment advisor to T2.

 

20


 

    The principal business address of T2 Accredited, T2 Qualified, Tilson Offshore, Tilson Focus Fund, Tongue, and Tilson is 767 5th Avenue, 18th Floor, New York, NY 10153
 
    The principal business of T2 is investing in securities.
 
    T2 Accredited, T2 Qualified, and Tilson Focus Fund are organized under the laws of the State of Delaware. Tilson Offshore is organized under the laws of the Cayman Islands. Tongue and Tilson are U.S. citizens.
Prescott Capital:
    Frohlich is the managing member of Prescott Capital. Prescott Capital is the general partner of the Small Cap Funds.
 
    The principal business address of Prescott Capital, the Small Cap Funds, and Frohlich is 1924 South Utica, Suite #1120, Tulsa, OK 74104.
 
    The principal business of Prescott Capital is acting as the general partner of the Small Cap Funds. The principal business of the Small Cap Funds is investing in securities. The principal occupation of Frohlich is serving as the managing member of Prescott Capital.
 
    Prescott Capital and the Small Cap Funds are organized under the laws of the State of Oklahoma. Frohlich is a U. S. Citizen.
Coleman:
    Coleman is a business consultant and sole proprietor of Rocky Mountain Venture Services.
 
    The principal business address of Coleman is 43 Glenmoor Drive, Cherry Hills Village, CO 80113.
 
    Coleman is a U.S. citizen.
None of the entities or persons identified in this Item 2 has, during the past five years, been convicted of any criminal proceeding (excluding traffic violations or similar misdemeanors), nor 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.
The entities or persons identified in this Item 2 are making this single, joint filing because they may be deemed to constitute a “group” within the meaning of Rule 13d-5 and/or Section 13(d)(3) of the Act, although neither the fact of this filing nor anything contained herein shall be deemed to be an admission by the entities or person that such a group exists.
Item 3. Source and Amount of Funds or Other Consideration
    As of August 17, 2011, Boston had invested $4,136,452 (including commissions and fees) in the Common Stock. The source of these funds was the working capital of Boston.
 
    As of August 17, 2011, Gillman, Heyman, and Adelson had invested $0 (including commissions and fees) in the Common Stock.
 
    As of August 17, 2011, Spencer had invested $473,390 (including commissions and fees) in the Common Stock. The source of these funds was the working capital of Spencer.
 
    As of August 17, 2011, Shubin Stein had invested $132,020 (including commissions and fees) in the Common Stock. The source of these funds was the working capital of Shubin Stein.
 
    As of August 17, 2011, T2 had invested $8,995,064.60 (including commissions and fees) in the Common Stock. The source of these funds was the working capital of T2.
 
    As of August 17, 2011, Tongue had invested $8,995,064.60 (including commissions and fees) in the Common Stock. The source of these funds was the working capital of Tongue.
 
    As of August 17, 2011, Tilson had invested $8,995,064.60 (including commissions and fees) in the Common Stock. The source of these funds was the working capital of Tilson.
 
    As of August 17, 2011, Prescott had invested $1,630,921 (including commissions and fees) in the Common Stock. The source of these funds was the working capital of Prescott.
 
    As of August 17, 2011, Frohlich had invested $0 (including commissions and fees) in the Common Stock.
 
    As of August 17, 2011, Coleman had invested $6,358.95 (including commissions and fees) in the Common Stock.

 

21


 

Item 4. Purpose of Transaction
The entities listed above (each a “Reporting Person”) purchased the Common Stock based on the belief that such securities, when purchased, were undervalued and represented an attractive investment opportunity. Although no Reporting Person has any specific plan or proposal to acquire or dispose of the Common Stock, consistent with its investment purpose, each Reporting Person at any time and from time to time may acquire additional Common Stock or dispose of any or all of its Common Stock depending upon an ongoing evaluation of the investment in the Common Stock, prevailing market conditions, other investment opportunities, liquidity requirements of the Reporting Persons, and/or other investment considerations.
The purpose of the acquisitions of the Common Stock were for investment, and the acquisitions of the Common Stock were made in the ordinary course of business and were not made for the purpose of acquiring control of the Issuer. However, the Reporting Persons have had discussions regarding plans to effect a change in the present board of directors of the Issuer, including a proposal to change the number of directors (and as a result, may be deemed to have formed a “group” under the Securities Exchange Act of 1934, as amended, as of August 8, 2011 when certain of the plans outlined below were agreed upon). As of August 17, 2011, additional plans were agreed upon.
Specifically, the Reporting Persons plan to (i) seek a special meeting of the stockholders of the Issuer for which the Reporting Persons would solicit proxies to reduce the number of directors of the Issuer from eight to five and (ii) elect five director nominees for the Issuer. The five directors to be nominated are three current directors of the Issuer (Charles M. Gillman, Kenneth H. Shubin Stein (current chairman), and Igal Shidlovsky), Glenn Tongue, and a fifth as of yet undetermined person. Mr. Tongue is a Managing Partner of T2 Partners LLC and the Tilson Mutual Funds. Mr. Tongue spent 17 years on Wall Street, most recently as an investment banker at UBS, where he was a Managing Director. Before UBS, Mr. Tongue was at DLJ for 13 years, the last three of which he served as the President of NYSE-listed DLJdirect. Prior to that, he was a Managing Director in the Investment Bank at DLJ, where he worked on over 100 transactions aggregating more than $40 billion.
In addition, the Reporting Persons currently plan to propose the Issuer return cash to its stockholders out of its cash reserves of approximately $120 million, and oppose any proposals that involve using such cash reserves for acquisition purposes. The Reporting Persons are also committed to influencing the Issuer to re-list the Issuer’s Common Stock on NASDAQ as soon as possible and influencing the Issuer to immediately start holding regular quarterly conference calls between the Issuer’s Chief Executive Officer and stockholders of the Issuers. Finally, the Reporting Persons strongly support Dilip Singh, the Issuer’s current Chief Executive Officer, and Barry Gorsun, the current President of the Optical Communications Systems Division, and are committed to influencing the Issuer to renew their employment contracts and oppose any proposals to terminate them.
Consistent with their investment purpose, the Reporting Persons may engage in communications with one or more stockholders of the Issuer, one or more officers of the Issuer and/or one or more members of the board of directors of the Issuer and/or one or more representatives of the Issuer regarding the Issuer, including but not limited to its operations and the foregoing current plans of the Reporting Persons. The Reporting Persons may discuss ideas that, if effected may result in a change of the current plans and in any of the following: the acquisition by persons of additional Common Stock of the Issuer, an extraordinary corporate transaction involving the Issuer, and/or other changes in the board of directors or management of the Issuer.
Except as disclosed above (relating to paragraphs (d) and (e) of the instructions to Item 4 of Schedule 13D), none of the Reporting Persons has any other plans or proposals which relate to, or could result in, any of the matters referred to in paragraphs (a) through (j), inclusive, of the instructions to Item 4 of Schedule 13D. The Reporting Persons may, at any time and from time to time, review or reconsider their position and/or change their purpose and/or formulate plans or proposals with respect thereto.
This Schedule 13D is not a solicitation of any action by stockholders of the Issuer. If a proxy statement is completed and filed, stockholders are advised to read the proxy statement when it becomes available because it will contain important information, and stockholders should rely on such proxy statement and not on this Schedule 13D. The proxy statement, if filed, will be available for free at the SEC’s website at http://www.sec.gov.

 

22


 

Item 5. Interest in Securities of the Issuer
(a) and (b) According to the Issuer’s most recent Form 10Q filed August 9, 2011, there were 157,471,931 shares of Common Stock issued and outstanding as of August 5, 2011.
Based on such information, Boston directly owns 4,003,326 shares of Common Stock (approximately 2.5%); and Gillman directly owns 55,512 shares of Common Stock (in the form of options currently exercisable or becoming exercisable within 60 days) (approximately 0.04%). Gillman, as portfolio manager for Boston, is in possession of sole voting and investment power for the Common Stock held by Boston, and may also be deemed to beneficially own the 4,003,326 shares of Common Stock of the Issuer held by Boston. Heyman and Adelson, as joint managers of Boston, are each in possession of sole voting and investment power for the Common Stock held by Boston, and may also be deemed to beneficially own the 4,003,326 shares of Common Stock of the Issuer held by Boston.
Based on such information, SC Fund directly owns 196, 892 shares of Common Stock (approximately 0.13%); SC Management directly owns 152,139 shares of Common Stock, including Common Stock in separately managed accounts over which it exercises sole control (approximately 0.1%); and Shubin Stein directly owns 225,170 shares of Common Stock (including in the form of options currently exercisable or becoming exercisable within 60 days) (approximately 0.14%). SC Management, as the registered investment advisor and overarching Spencer entity, may be deemed to beneficially own the 196,892 shares of Common Stock of the Issuer held by SC Fund. Shubin Stein, as managing member of SC Management which in turn is the manager of SC Fund is in possession of sole voting and investment power for the Common Stock held by them, and may also be deemed to beneficially own the 349,031 shares of Common Stock of the Issuer held by SC Fund and SC Management
Based on such information, after taking into account the transactions described in Item 5(c) below, T2 Accredited directly owns 2,771,223 shares of Common Stock (approximately 1.76%); T2 Qualified directly owns 1,249,871 shares of Common Stock (approximately 0.79%); Tilson Offshore directly owns 1,690,244 shares of Common Stock (approximately 1.07%); Tilson Focus Fund directly owns 715,851 shares of Common Stock (approximately 0.4%); and Tongue directly owns 590 shares of Common Stock (approximately 0%). Tongue, as principal of T2, is in possession of sole voting and investment power for the Common Stock held by them, and may also be deemed to beneficially own the 6,427,189 shares of Common Stock of the Issuer held by T2 (approximately 4.08%). Tilson, as the principal of T2, may also be deemed to beneficially own the 6,427,189 shares of Common Stock of the Issuer held by T2.
Based on such information, after taking into account the transactions described in Item 5(c) below, the Small Cap Funds directly own 3,902,778 shares of Common Stock (approximately 2.5%); Prescott Capital and Frohlich directly owns 0 shares of Common Stock. Prescott Capital, as the general partner of the Small Cap Funds, may be deemed to beneficially own the 3,902,778 shares of Common Stock of the Issuer held by the Small Cap Funds. Frohlich, as managing member of Prescott Capital, the general partner of the Small Cap Funds, may also be deemed to beneficially own the 3,902,778 shares of Common Stock of the Issuer held by the Small Cap Funds.
Based on such information, Coleman directly owns 5,000 shares of Common Stock.
In addition, the group that may have been deemed to be formed by the Reporting Persons may be deemed to beneficially own the 14,968,596 shares of Common Stock of the Issuer held by all of the Reporting Persons combined (approximately 9.5% of the Common Stock of the Issuer), and each of the Reporting Persons may be deemed to beneficially own the shares of each other Reporting Person.
The filing of this Schedule shall not be construed as an admission that any of the Reporting Persons is, for any purpose, the beneficial owner of the Common Stock held by any other Reporting Person, and each disclaims beneficial ownership of the shares held by the others.
(c) During the last 60 days, T2 and Prescott purchased the following shares of Common Stock in the open market:

 

23


 

                         
Entity   Trade Date     Quantity     Price Per Share  
T2 Accredited
    6/15/2011       67,714       1.27  
T2 Qualified
    6/15/2011       30,291       1.27  
Tilson Offshore
    6/15/2011       39,829       1.27  
Tilson Focus
    6/15/2011       17,612       1.27  
T2 Accredited
    6/16/2011       15,519       1.25  
T2 Qualified
    6/16/2011       6,950       1.25  
Tilson Offshore
    6/16/2011       9,153       1.25  
Tilson Focus
    6/16/2011       4,021       1.25  
T2 Accredited
    6/17/2011       80,595       1.24  
T2 Qualified
    6/17/2011       36,108       1.24  
Tilson Offshore
    6/17/2011       47,513       1.24  
Tilson Focus
    6/17/2011       20,784       1.24  
T2 Accredited
    6/20/2011       61,821       1.25  
T2 Qualified
    6/20/2011       27,672       1.25  
Tilson Offshore
    6/20/2011       36,355       1.25  
Tilson Focus
    6/20/2011       15,902       1.25  
T2 Accredited
    6/21/2011       16,527       1.29  
T2 Qualified
    6/21/2011       7,398       1.29  
Tilson Offshore
    6/21/2011       9,718       1.29  
Tilson Focus
    6/21/2011       4,257       1.29  
Prescott
    8/8/2011       600       1.22  
T2 Accredited
    8/11/2011       463,249       1.25  
T2 Qualified
    8/11/2011       268,072       1.25  
Tilson Offshore
    8/11/2011       473,073       1.25  
Tilson Focus
    8/11/2011       174,490       1.25  
(d) Spencer Capital Partners, LLC, an affiliate directly owned by the owners of Spencer Capital Management, LLC, receives a profit allocation from Spencer Capital Fund, LLC pursuant to the terms of the Spencer Capital Fund, LLC operating agreement. Other than as disclosed herein, no person other than the Reporting Persons is known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, the shares of Common Stock.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
The Reporting Persons have entered into an understanding with Robert Degan and Richard Coleman, who will act as strategic advisors. Both are experienced telecom and technology executives. Richard Coleman is a Reporting Person on this Form 13D, while Robert Degan owns no Common Stock of the Issuer. Mr. Gillman and Mr. Shubin Stein, as non-employee directors of the Issuer, receive pursuant to the Issuer’s compensation program an equivalent of $50,000 of equity each year, which they can elect to receive in stock options or restricted stock of the Issuer. Other than as stated herein, none of the Reporting Persons is a party to any contract, arrangement, understanding or relationship with any person with respect to any securities of the Issuer.
Item 7. Material to be Filed as Exhibits
Exhibit A Joint Filing Undertaking.

 

24


 

SIGNATURE
After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
Dated: August 18, 2011.
         
  Boston Avenue Capital LLC
 
 
  By:   /s/ Stephen J. Heyman   
  Stephen J. Heyman, Manager   
       
  /s/ Charles M. Gillman   
  Charles M. Gillman   
     
  /s/ Stephen J. Heyman   
  Stephen J. Heyman   
     
  /s/ James F. Adelson   
  James F. Adelson   
 
  Spencer Capital Fund, LLC

By its manager, Spencer Capital Management, LLC 
 
     
  By:   /s/ Kenneth H. Shubin Stein   
  Kenneth H. Shubin Stein, Managing Member   
 
  Spencer Capital Management, LLC
 
 
  By:   /s/ Kenneth H. Shubin Stein   
  Kenneth H. Shubin Stein, Managing Member   
     
  /s/ Kenneth H. Shubin Stein   
  Kenneth H. Shubin Stein,   
 
  T2 Accredited Fund, LP
 
 
  By:   /s/ Glenn Tongue    
  Glenn Tongue, Principal   
 
  T2 Qualified Fund, L P
 
 
  By:   /s/ Glenn Tongue   
  Glenn Tongue, Principal   
 
  Tilson Offshore Fund, Ltd.
 
 
  By:   /s/ Glenn Tongue   
  Glenn Tongue, Principal   

 

25


 

         
  Tilson Focus Fund
 
 
  By:   /s/ Glenn Tongue   
  Glenn Tongue, Principal   
     
  /s/ Glenn Tongue   
  Glenn Tongue   
     
  /s/ Whitney Tilson   
  Whitney Tilson   
 
  Prescott Group Capital Management, L.L.C.
 
 
  By:   /s/ Phil Frohlich   
  Phil Frohlich, Managing Member   
 
  Prescott Group Aggressive Small Cap, L.P.
 
 
  By: Prescott Group Capital Management, L.L.C., its general partner   
     
  By:   /s/ Phil Frohlich   
  Phil Frohlich, Managing Member   
 
  Prescott Group Aggressive Small Cap II, L.P.
 
 
  By: Prescott Group Capital Management, L.L.C., its general partner   
     
  By:   /s/ Phil Frohlich   
  Phil Frohlich, Managing Member   
     
  /s/ Phil Frohlich   
  Phil Frohlich   
     
  /s/ Richard K. Coleman, Jr.   
  Richard K. Coleman   

 

26

EX-99.A 2 c21730exv99wa.htm EXHIBIT A Exhibit A
Exhibit A
JOINT FILING UNDERTAKING
The undersigned, being duly authorized thereunto, hereby execute this agreement as an exhibit to this Schedule 13D to evidence the agreement of the below-named parties, in accordance with the rules promulgated pursuant to the Securities Exchange Act of 1934, to file this Schedule jointly on behalf of each such party.
Dated: August 18, 2011.
         
  Boston Avenue Capital LLC
 
 
  By:  /s/ Stephen J. Heyman    
  Stephen J. Heyman, Manager   
 
  /s/ Charles M. Gillman    
  Charles M. Gillman   
 
  /s/ Stephen J. Heyman    
  Stephen J. Heyman   
 
  /s/ James F. Adelson    
  James F. Adelson   
 
  Spencer Capital Fund, LLC

By its manager, Spencer Capital Management, LLC
 
 
  By:  /s/ Kenneth H. Shubin Stein    
  Kenneth H. Shubin Stein, Managing Member   
 
  Spencer Capital Management, LLC
 
 
  By:  /s/ Kenneth H. Shubin Stein    
  Kenneth H. Shubin Stein, Managing Member   
 
  /s/ Kenneth H. Shubin Stein    
  Kenneth H. Shubin Stein,   
 
  T2 Accredited Fund, LP
 
 
  By:  /s/ Glenn Tongue    
  Glenn Tongue, Principal   
 
  T2 Qualified Fund, L P
 
 
  By:  /s/ Glenn Tongue    
  Glenn Tongue, Principal   
 
  Tilson Offshore Fund, Ltd.
 
 
  By:  /s/ Glenn Tongue    
  Glenn Tongue, Principal   
 
  Tilson Focus Fund
 
 
  By:  /s/ Glenn Tongue    
  Glenn Tongue, Principal   

 

27


 

         
     
  /s/ Glenn Tongue    
  Glenn Tongue   
 
  /s/ Whitney Tilson    
  Whitney Tilson   
 
  Prescott Group Capital Management, L.L.C.
 
 
  By:  /s/ Phil Frohlich    
  Phil Frohlich, Managing Member   
 
  Prescott Group Aggressive Small Cap, L.P.
 
 
  By:  Prescott Group Capital Management, L.L.C.,    
  its general partner   
 
  By:  /s/ Phil Frohlich    
  Phil Frohlich, Managing Member   
 
  Prescott Group Aggressive Small Cap II, L.P.
 
 
  By:  Prescott Group Capital Management, L.L.C.,    
  its general partner   
 
  By:  /s/ Phil Frohlich    
  Phil Frohlich, Managing Member   
 
  /s/ Phil Frohlich    
  Phil Frohlich   
 
  /s/ Richard K. Coleman, Jr.    
  Richard K. Coleman   
 

 

28