-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VaejAxz37hEBpXo8lO+4FhAAvRvwCAEHk9AOkJOUvdyr+GubXbhDqOLNAqc3Bpl+ XT0YcZpfrJNvL4Nw500mfA== 0000921895-10-000036.txt : 20100111 0000921895-10-000036.hdr.sgml : 20100111 20100111172403 ACCESSION NUMBER: 0000921895-10-000036 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20100111 DATE AS OF CHANGE: 20100111 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CPI CORP CENTRAL INDEX KEY: 0000025354 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PERSONAL SERVICES [7200] IRS NUMBER: 431256674 STATE OF INCORPORATION: DE FISCAL YEAR END: 0202 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-33916 FILM NUMBER: 10520971 BUSINESS ADDRESS: STREET 1: 1706 WASHINGTON AVE CITY: ST LOUIS STATE: MO ZIP: 63103-1790 BUSINESS PHONE: 3142311575 MAIL ADDRESS: STREET 1: 1706 WASHINGTON AVE CITY: ST LOUIS STATE: MO ZIP: 63103 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Ramius LLC CENTRAL INDEX KEY: 0001475770 IRS NUMBER: 270423711 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 599 LEXINGTON AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212 845 7900 MAIL ADDRESS: STREET 1: 599 LEXINGTON AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: Park Exchange LLC DATE OF NAME CHANGE: 20091030 SC 13D/A 1 sc13da2306297038_01072010.htm AMENDMENT NO. 23 TO THE SCHEDULE 13D sc13da2306297038_01072010.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D
(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
§ 240.13d-2(a)

(Amendment No. 23)1

CPI CORP.
(Name of Issuer)

COMMON STOCK, PAR VALUE $0.40 PER SHARE
(Title of Class of Securities)

125-902106
(CUSIP Number)
 

MARK MITCHELL
RAMIUS LLC
599 Lexington Avenue, 20th Floor
New York, New York 10022
(212) 845-7988

STEVEN WOLOSKY, ESQ.
OLSHAN GRUNDMAN FROME ROSENZWEIG & WOLOSKY LLP
Park Avenue Tower
65 East 55th Street
New York, New York 10022
(212) 451-2300
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

January 7, 2010
(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 ¨.

Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See § 240.13d-7 for other parties to whom copies are to be sent.


_______________
1              The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“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. 125-902106
 
1
NAME OF REPORTING PERSON
 
Ramius Enterprise 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 ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Cayman Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
123,900
8
SHARED VOTING POWER
 
0
9
SOLE DISPOSITIVE POWER
 
123,900
10
SHARED DISPOSITIVE POWER
 
0
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
123,900
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
1.8%
14
TYPE OF REPORTING PERSON
 
CO

2

CUSIP NO. 125-902106
 
1
NAME OF REPORTING PERSON
 
Ramius Navigation 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 ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Cayman Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
414,917
8
SHARED VOTING POWER
 
0
9
SOLE DISPOSITIVE POWER
 
414,917
10
SHARED DISPOSITIVE POWER
 
0
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
414,917
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
5.9%
14
TYPE OF REPORTING PERSON
 
CO

3

CUSIP NO. 125-902106
 
1
NAME OF REPORTING PERSON
 
Ramius Multi-Strategy 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 ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Cayman Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
110,171
8
SHARED VOTING POWER
 
0
9
SOLE DISPOSITIVE POWER
 
110,171
10
SHARED DISPOSITIVE POWER
 
0
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
110,171
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
1.6%
14
TYPE OF REPORTING PERSON
 
CO

4

CUSIP NO. 125-902106
 
1
NAME OF REPORTING PERSON
 
Ramius Value and Opportunity 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 ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Cayman Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
339,354
8
SHARED VOTING POWER
 
0
9
SOLE DISPOSITIVE POWER
 
339,354
10
SHARED DISPOSITIVE POWER
 
0
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
339,354
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
4.8%
14
TYPE OF REPORTING PERSON
 
CO

5

CUSIP NO. 125-902106
 
1
NAME OF REPORTING PERSON
 
RCG PB, Ltd
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 ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Cayman Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
414,917
8
SHARED VOTING POWER
 
0
9
SOLE DISPOSITIVE POWER
 
414,917
10
SHARED DISPOSITIVE POWER
 
0
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
414,917
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
5.9%
14
TYPE OF REPORTING PERSON
 
OO

6

CUSIP NO. 125-902106
 
1
NAME OF REPORTING PERSON
 
Ramius 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 ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
648,988
8
SHARED VOTING POWER
 
0
9
SOLE DISPOSITIVE POWER
 
648,988
10
SHARED DISPOSITIVE POWER
 
0
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
648,988
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
9.3%
14
TYPE OF REPORTING PERSON
 
IA, OO

7

CUSIP NO. 125-902106
 
1
NAME OF REPORTING PERSON
 
RCG Starboard 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 ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
339,354
8
SHARED VOTING POWER
 
0
9
SOLE DISPOSITIVE POWER
 
339,354
10
SHARED DISPOSITIVE POWER
 
0
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
339,354
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
4.8%
14
TYPE OF REPORTING PERSON
 
OO

8

CUSIP NO. 125-902106
 
1
NAME OF REPORTING PERSON
 
Ramius 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 ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
988,342
8
SHARED VOTING POWER
 
0
9
SOLE DISPOSITIVE POWER
 
988,342
10
SHARED DISPOSITIVE POWER
 
0
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
988,342
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
14.1%
14
TYPE OF REPORTING PERSON
 
OO

9

CUSIP NO. 125-902106
 
1
NAME OF REPORTING PERSON
 
Cowen 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
 
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
988,342
8
SHARED VOTING POWER
 
0
9
SOLE DISPOSITIVE POWER
 
988,342
10
SHARED DISPOSITIVE POWER
 
0
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
988,342
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
14.1%
14
TYPE OF REPORTING PERSON
 
CO

10

CUSIP NO. 125-902106
 
1
NAME OF REPORTING PERSON
 
RCG Holdings 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 ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
988,342
8
SHARED VOTING POWER
 
0
9
SOLE DISPOSITIVE POWER
 
988,342
10
SHARED DISPOSITIVE POWER
 
0
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
988,342
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
14.1%
14
TYPE OF REPORTING PERSON
 
OO

11

CUSIP NO. 125-902106
 
1
NAME OF REPORTING PERSON
 
C4S & Co., L.L.C.
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 ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
988,342
8
SHARED VOTING POWER
 
0
9
SOLE DISPOSITIVE POWER
 
988,342
10
SHARED DISPOSITIVE POWER
 
0
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
988,342
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
14.1%
14
TYPE OF REPORTING PERSON
 
OO

12

CUSIP NO. 125-902106
 
1
NAME OF REPORTING PERSON
 
Peter A. Cohen
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 ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
USA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
0
8
SHARED VOTING POWER
 
988,342
9
SOLE DISPOSITIVE POWER
 
0
10
SHARED DISPOSITIVE POWER
 
988,342
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
988,342
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
14.1%
14
TYPE OF REPORTING PERSON
 
IN

13

CUSIP NO. 125-902106
 
1
NAME OF REPORTING PERSON
 
Morgan B. Stark
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 ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
USA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
0
8
SHARED VOTING POWER
 
988,342
9
SOLE DISPOSITIVE POWER
 
0
10
SHARED DISPOSITIVE POWER
 
988,342
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
988,342
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
14.1%
14
TYPE OF REPORTING PERSON
 
IN

14

CUSIP NO. 125-902106
 
1
NAME OF REPORTING PERSON
 
Thomas W. Strauss
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 ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
USA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
0
8
SHARED VOTING POWER
 
988,342
9
SOLE DISPOSITIVE POWER
 
0
10
SHARED DISPOSITIVE POWER
 
988,342
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
988,342
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
14.1%
14
TYPE OF REPORTING PERSON
 
IN

15

CUSIP NO. 125-902106
 
1
NAME OF REPORTING PERSON
 
Jeffrey M. Solomon
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 ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
USA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
0
8
SHARED VOTING POWER
 
988,342
9
SOLE DISPOSITIVE POWER
 
0
10
SHARED DISPOSITIVE POWER
 
988,342
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
988,342
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
14.1%
14
TYPE OF REPORTING PERSON
 
IN

16

CUSIP NO. 125-902106
 
The following constitutes Amendment No. 23 (“Amendment No. 23”) to the Schedule 13D filed by the undersigned.  This Amendment No. 23 amends the Schedule 13D as specifically set forth.

Item 2.
Identity and Background.

Item 2 is hereby amended and restated to read as follows:
 
 
(a)
This statement is filed by:
 
 
(i)
Ramius Value and Opportunity Master Fund Ltd, a Cayman Islands exempted company (“Value and Opportunity Master Fund”), with respect to the Shares directly and beneficially owned by it;
 
 
(ii)
Ramius Navigation Master Fund Ltd, a Cayman Islands exempted company (“Navigation Master Fund”), with respect to the Shares directly and beneficially owned by it;
 
 
(iii)
Ramius Multi-Strategy Master Fund Ltd, a Cayman Islands exempted company (“Multi-Strategy Master Fund”), with respect to the Shares directly and beneficially owned by it;
 
 
(iv)
Ramius Enterprise Master Fund Ltd, a Cayman Islands exempted company (“Enterprise Master Fund”), with respect to the Shares directly and beneficially owned by it;
 
 
(v)
RCG PB, Ltd, a Cayman Islands exempted company (“RCG PB”), who is the sole shareholder of Navigation Master Fund;
 
 
(vi)
Ramius Advisors, LLC, a Delaware limited liability company (“Ramius Advisors”), who serves as the investment advisor of Multi-Strategy Master Fund, Navigation Master Fund and Enterprise Master Fund;
 
 
(vii)
RCG Starboard Advisors, LLC, a Delaware limited liability company (“RCG Starboard Advisors”), who serves as the investment manager of Value and Opportunity Master Fund;
 
 
(viii)
Ramius LLC, a Delaware limited liability company (“Ramius”), who serves as the sole member of RCG Starboard Advisors and Ramius Advisors;
 
 
(ix)
Cowen Group, Inc., a Delaware corporation (“Cowen”), who serves as the sole member of Ramius;
 
 
(x)
RCG Holdings LLC, a Delaware limited liability company (“RCG Holdings”), who is a significant shareholder of Cowen;
 
 
(xi)
C4S & Co., L.L.C., a Delaware limited liability company (“C4S”), who serves as managing member of Ramius;
 
 
(xii)
Peter A. Cohen ("Mr. Cohen"), who serves as one of the managing members of C4S;
 
 
(xiii)
Morgan B. Stark ("Mr. Stark"), who serves as one of the managing members of C4S;
 
17

CUSIP NO. 125-902106
 
 
(xiv)
Thomas W. Strauss ("Mr. Strauss"), who serves as one of the managing members of C4S; and
 
 
(xv)
Jeffrey M. Solomon ("Mr. Solomon"), who serves as one of the managing members of C4S.
 
Each of the foregoing is referred to as a "Reporting Person" and collectively as the "Reporting Persons."  Each of the Reporting Persons is party to that certain Joint Filing Agreement, as further described in Item 6.  Accordingly, the Reporting Persons are hereby filing a joint Schedule 13D.
 
(b)           The address of the principal office of each of Ramius Advisors, RCG Starboard Advisors, Ramius, Cowen, RCG Holdings, C4S, and Messrs. Cohen, Stark, Strauss and Solomon is 599 Lexington Avenue, 21st Floor, New York, New York 10022.
 
The address of the principal office of each of Value and Opportunity Master Fund, Enterprise Master Fund, RCG PB, Navigation Master Fund and Multi-Strategy Master Fund is c/o Citco Fund Services (Cayman Islands) Limited, Regatta Office Park, Windward 1, 2nd Floor, PO Box 31106, Grand Cayman KY1-1205, Cayman Islands.  The officers and directors of Enterprise Master Fund and their principal occupations and business addresses are set forth on Schedule B and incorporated by reference in this Item 2.  The officers and directors of Value and Opportunity Master Fund and their principal occupations and business addresses are set forth on Schedule C and incorporated by reference in this Item 2.  The officers and directors of Multi-Strategy Master Fund and their principal occupations and business addresses are set forth on Schedule D and incorporated by reference in this Item 2.  The officers and directors of RCG PB and their principal occupations and business addresses are set forth on Schedule E and incorporated by reference in this Item 2.  The officers and directors of Cowen and their principal occupations and business addresses are set forth on Schedule F and incorporated by reference in this Item 2.  The officers and directors of Navigation Master Fund and their principal occupations and business addresses are set forth on Schedule G and incorporated by reference in this Item 2.
 
(c)           The principal business of each of Value and Opportunity Master Fund, Enterprise Master Fund, RCG PB and Navigation Master Fund is serving as a private investment fund.  Value and Opportunity Master Fund has been formed for the purpose of making equity investments and, on occasion, taking an active role in the management of portfolio companies in order to enhance shareholder value.  Each of Enterprise Master Fund and Navigation Master Fund have been formed for the purpose of making equity and debt investments.  The principal business of Multi-Strategy Master Fund is serving as a private investment fund.  RCG PB is the sole shareholder of Navigation Master Fund.  The principal business of RCG Starboard Advisors is acting as the investment manager of Value and Opportunity Master Fund.  The principal business of Ramius Advisors is acting as the investment advisor of Multi-Strategy Master Fund, Navigation Master Fund and Enterprise Master Fund.  Ramius is engaged in money management and investment advisory services for third parties and proprietary accounts and serves as the sole member of each of RCG Starboard Advisors and Ramius Advisors.  Cowen provides alternative investment management, investment banking, research, and sales and trading services through its business units, Ramius and Cowen and Company.  Cowen also serves as the sole member of Ramius.  RCG Holdings is a significant shareholder of Cowen.  C4S serves as managing member of Ramius.  Messrs. Cohen, Strauss, Stark and Solomon serve as co-managing members of C4S.
 
(d)           No Reporting Person, nor any person listed on Schedules B through G, each annexed hereto and incorporated by reference herein, has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
 
18

CUSIP NO. 125-902106
 
(e)           No Reporting Person, nor any person listed on Schedules B through G, each annexed hereto and incorporated by reference herein, has, during the last five years, been 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)
Messrs. Cohen, Stark, Strauss and Solomon are citizens of the United States of America.
 
Item 3.
Source and Amount of Funds or Other Consideration.
 
Item 3 is hereby amended and restated to read as follows:

The Shares purchased by Enterprise Master Fund, Multi-Strategy Master Fund, Navigation Master Fund and Value and Opportunity Master Fund were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases, except as otherwise noted.  The aggregate purchase cost of the 988,342 Shares beneficially owned in the aggregate by Enterprise Master Fund, Multi-Strategy Master Fund, Navigation Master Fund and Value and Opportunity Master Fund is approximately $31,512,000, excluding brokerage commissions.

Item 5.
Interest in Securities of the Issuer.

Item 5 is hereby amended and restated to read as follows:
 
The aggregate percentage of Shares reported owned by each person named herein is based upon 7,008,490 Shares outstanding, as of December 21, 2009, which is the total number of Shares outstanding as reported in Amendment No. 1 to the Issuer’s Quarterly Report on Form 10-Q, filed with the Securities and Exchange Commission on January 7, 2010.
 
A.           Value and Opportunity Master Fund

 
(a)
As of the close of business on January 8, 2009, Value and Opportunity Master Fund beneficially owned 339,354 Shares.
 
Percentage: Approximately 4.8%
 
 
(b)
1.  Sole power to vote or direct vote: 339,354
 
2.  Shared power to vote or direct vote: 0
 
3.  Sole power to dispose or direct the disposition: 339,354
 
4.  Shared power to dispose or direct the disposition: 0
 
 
(c)
The transactions in the Shares by Value and Opportunity Master Fund since the filing of Amendment No. 22 are set forth in Schedule A and are incorporated by reference.
 
B.           Navigation Master Fund

 
(a)
As of the close of business on January 8, 2009, Navigation Master Fund beneficially owned 414,917 Shares.
 
Percentage: Approximately 5.9%
 
19

CUSIP NO. 125-902106
 
 
(b)
1.  Sole power to vote or direct vote: 414,917
 
2.  Shared power to vote or direct vote: 0
 
3.  Sole power to dispose or direct the disposition: 414,917
 
4.  Shared power to dispose or direct the disposition: 0
 
 
(c)
The transactions in the Shares by Navigation Master Fund since the filing of Amendment No. 22 are set forth in Schedule A and are incorporated by reference.
 
C.           RCG PB

 
(a)
As the sole shareholder of Navigation Master Fund, RCG PB may be deemed the beneficial owner of 414,917 Shares owned by Navigation Master Fund.
 
Percentage: Approximately 5.9%
 
 
(b)
1.  Sole power to vote or direct vote: 414,917
 
2.  Shared power to vote or direct vote: 0
 
3.  Sole power to dispose or direct the disposition: 414,917
 
4.  Shared power to dispose or direct the disposition: 0
 
 
(c)
On January 1, 2010, RCG PB transferred all of the Shares held by it to Navigation Master Fund in an exempt transaction.  Additional transactions in the Shares by RCG PB since the filing of Amendment No. 22 are set forth in Schedule A and are incorporated by reference.  The transactions in the Shares since the filing of Amendment No. 22 on behalf of Navigation Master Fund are set forth in Schedule A and are incorporated by reference.
 
D.
Multi-Strategy Master Fund
 
 
(a)
As of the close of business on January 8, 2009, Multi-Strategy Master Fund beneficially owned 110,171 Shares.
 
Percentage: Approximately 1.6%
 
 
(b)
1.  Sole power to vote or direct vote: 110,171
 
2.  Shared power to vote or direct vote: 0
 
3.  Sole power to dispose or direct the disposition: 110,171
 
4.  Shared power to dispose or direct the disposition: 0
 
 
(c)
The transactions in the Shares by Multi-Strategy Master Fund since the filing of Amendment No. 22 are set forth in Schedule A and are incorporated by reference.
 
E.
Enterprise Master Fund
 
 
(a)
As of the close of business on January 8, 2009, Enterprise Master Fund beneficially owned 123,900 Shares.
 
Percentage: Approximately 1.8%
 
 
(b)
1. Sole power to vote or direct vote: 123,900
 
2. Shared power to vote or direct vote: 0
 
3. Sole power to dispose or direct the disposition: 123,900
 
4. Shared power to dispose or direct the disposition: 0
 
20

CUSIP NO. 125-902106
 
 
(c)
The transactions in the Shares by Enterprise Master Fund since the filing of Amendment No. 22 are set forth in Schedule A and are incorporated by reference.
 
F.
RCG Starboard Advisors
 
 
(a)
As the investment manager of Value and Opportunity Master Fund, RCG Starboard Advisors may be deemed the beneficial owner of 339,354 Shares owned by Value and Opportunity Master Fund.
 
Percentage: Approximately 4.8%
 
 
(b)
1.  Sole power to vote or direct vote: 339,354
 
2.  Shared power to vote or direct vote: 0
 
3.  Sole power to dispose or direct the disposition: 339,354
 
4.  Shared power to dispose or direct the disposition: 0
 
 
(c)
RCG Starboard Advisors did not enter into any transactions in the Shares since the filing of Amendment No. 22.  The transactions in the Shares since the filing of Amendment No. 22 on behalf of Value and Opportunity Master Fund are set forth in Schedule A and are incorporated by reference.
 
G.
Ramius Advisors
 
 
(a)
As the investment advisor of Multi-Strategy Master Fund, Navigation Master Fund and Enterprise Master Fund, Ramius Advisors may be deemed the beneficial owner of (i) 110,171 Shares owned by Multi-Strategy Master Fund, (ii) 414,917 Shares owned by Navigation Master Fund and (iii) 123,900 Shares owned by Enterprise Master Fund.
 
Percentage: Approximately 9.3%
 
 
(b)
1. Sole power to vote or direct vote: 648,988
 
2.  Shared power to vote or direct vote: 0
 
3.  Sole power to dispose or direct the disposition: 648,988
 
4.  Shared power to dispose or direct the disposition: 0
 
 
(c)
Ramius Advisors did not enter into any transactions in the Shares since the filing of Amendment No. 22.  The transactions in the Shares since the filing of Amendment No. 22 on behalf of Multi-Strategy Master Fund, Navigation Master Fund and Enterprise Master Fund are set forth in Schedule A and are incorporated by reference.
 
H.
Ramius
 
 
(a)
As the sole member of RCG Starboard Advisors and Ramius Advisors, Ramius may be deemed the beneficial owner of (i) 339,354 Shares owned by Value and Opportunity Master Fund, (ii) 110,171 Shares owned by Multi-Strategy Master Fund, (iii) 414,917 Shares owned by Navigation Master Fund and (iv) 123,900 Shares owned by Enterprise Master Fund.
 
Percentage: Approximately 14.1%
 
21

CUSIP NO. 125-902106
 
 
(b)
1.  Sole power to vote or direct vote: 988,342
 
2.  Shared power to vote or direct vote: 0
 
3.  Sole power to dispose or direct the disposition: 988,342
 
4.  Shared power to dispose or direct the disposition: 0
 
 
(c)
Ramius did not enter into any transactions in the Shares since the filing of Amendment No. 22.  The transactions in the Shares since the filing of Amendment No. 22 on behalf of Value and Opportunity Master Fund, Multi-Strategy Master Fund, Navigation Master Fund and Enterprise Master Fund are set forth in Schedule A and are incorporated by reference.
 
I.           Cowen
 
 
(a)
As the sole member of Ramius, Cowen may be deemed the beneficial owner of the (i) 339,354 Shares owned by Value and Opportunity Master Fund, (ii) 110,171 Shares owned by Multi-Strategy Master Fund, (iii) 414,917 Shares owned by Navigation Master Fund and (iv) 123,900 Shares owned by Enterprise Master Fund.
 
Percentage: Approximately 14.1%
 
 
(b)
1.  Sole power to vote or direct vote: 988,342
 
2.  Shared power to vote or direct vote: 0
 
3.  Sole power to dispose or direct the disposition: 988,342
 
4.  Shared power to dispose or direct the disposition: 0
 
 
(c)
Cowen did not enter into any transactions in the Shares since the filing of Amendment No. 22.  The transactions in the Shares since the filing of Amendment No. 22 on behalf of Value and Opportunity Master Fund, Multi-Strategy Master Fund, Navigation Master Fund and Enterprise Master Fund are set forth in Schedule A and are incorporated by reference.
 
J.           RCG Holdings
 
 
(a)
As a significant shareholder of Cowen, RCG Holdings may be deemed the beneficial owner of the (i) 339,354 Shares owned by Value and Opportunity Master Fund, (ii) 110,171 Shares owned by Multi-Strategy Master Fund, (iii) 414,917 Shares owned by Navigation Master Fund and (iv) 123,900 Shares owned by Enterprise Master Fund.
 
Percentage: Approximately 14.1%
 
 
(b)
1.  Sole power to vote or direct vote: 988,342
 
2.  Shared power to vote or direct vote: 0
 
3.  Sole power to dispose or direct the disposition: 988,342
 
4.  Shared power to dispose or direct the disposition: 0
 
 
(c)
RCG Holdings did not enter into any transactions in the Shares since the filing of Amendment No. 22.  The transactions in the Shares since the filing of Amendment No. 22 on behalf of Value and Opportunity Master Fund, Multi-Strategy Master Fund, Navigation Master Fund and Enterprise Master Fund are set forth in Schedule A and are incorporated by reference.
 
22

CUSIP NO. 125-902106
 
K.
C4S
 
 
(a)
As the managing member of Ramius, C4S may be deemed the beneficial owner of (i) 339,354 Shares owned by Value and Opportunity Master Fund, (ii) 110,171 Shares owned by Multi-Strategy Master Fund, (iii) 414,917 Shares owned by Navigation Master Fund and (iv) 123,900 Shares owned by Enterprise Master Fund.
 
Percentage: Approximately 14.1%
 
 
(b)
1.  Sole power to vote or direct vote: 988,342
 
2.  Shared power to vote or direct vote: 0
 
3.  Sole power to dispose or direct the disposition: 988,342
 
4.  Shared power to dispose or direct the disposition: 0
 
 
(c)
C4S did not enter into any transactions in the Shares since the filing of Amendment No. 22.  The transactions in the Shares since the filing of Amendment No. 22 on behalf of Value and Opportunity Master Fund, Multi-Strategy Master Fund, Navigation Master Fund and Enterprise Master Fund are set forth in Schedule A and are incorporated by reference.
 
L.
Mr. Cohen, Mr. Stark, Mr. Strauss and Mr. Solomon
 
 
(a)
As the managing members of C4S, each of Mr. Cohen, Mr. Stark, Mr. Strauss and Mr. Solomon may be deemed the beneficial owner of (i) 339,354 Shares owned by Value and Opportunity Master Fund, (ii) 110,171 Shares owned by Multi-Strategy Master Fund, (iii) 414,917 Shares owned by Navigation Master Fund and (iv) 123,900 Shares owned by Enterprise Master Fund.  Each of Messrs. Cohen, Stark, Solomon and Strauss share voting and dispositive power with respect to the Shares owned by Value and Opportunity Master Fund, Multi-Strategy Master Fund, Navigation Master Fund and Enterprise Master Fund by virtue of their shared authority to vote and dispose of such Shares.
 
Percentage: Approximately 14.1%
 
 
(b)
1.  Sole power to vote or direct vote: 0
 
2.  Shared power to vote or direct vote: 988,342
 
3.  Sole power to dispose or direct the disposition: 0
 
4.  Shared power to dispose or direct the disposition: 988,342
 
 
(c)
None of Mr. Cohen, Mr. Stark, Mr. Strauss or Mr. Solomon entered into any transactions in the Shares since the filing of Amendment No. 22.  The transactions in the Shares since the filing of Amendment No. 22 on behalf of Value and Opportunity Master Fund, Multi-Strategy Master Fund, Navigation Master Fund and Enterprise Master Fund are set forth in Schedule A and are incorporated by reference.
 
 
(d)
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, such Shares.
 
 
(e)
Not applicable.
 
23

CUSIP NO. 125-902106
 
Item 6.
Contracts, Arrangements, Understandings, or Relationships with Respect to Securities of the Issuer.
 
Item 6 is hereby amended to add the following:
 
On January 11, 2010, the Reporting Persons entered into a Joint Filing Agreement in which the Reporting Persons agreed to the joint filing on behalf of each of them of statements on Schedule 13D, with respect to securities of the Issuer, to the extent required by applicable law.  A copy of this agreement is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
 
Other than as described herein, there are no contracts, arrangements, understandings or relationships among the Reporting Persons, or between the Reporting Persons and any other person, with respect to the securities of the Issuer.
 
Item 7.
Material to be Filed as Exhibits.
 
Item 7 is hereby amended to add the following exhibit:
 
 
Exhibit 99.1
Joint Filing Agreement by and among Ramius Value and Opportunity Master Fund Ltd, Ramius Navigation Master Fund Ltd, RCG PB, Ltd, Ramius Multi-Strategy Master Fund Ltd, Ramius Enterprise Master Fund Ltd, RCG Starboard Advisors, LLC, Ramius Advisors, LLC, Ramius LLC, Cowen Group, Inc., RCG Holdings LLC, C4S & Co., L.L.C., Peter A. Cohen, Morgan B. Stark, Thomas W. Strauss and Jeffrey M. Solomon, dated January 11, 2010.
 
24

CUSIP NO. 125-902106

SIGNATURE
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
Dated: January 11, 2009

RCG PB,LTD
 
RAMIUS VALUE AND OPPORTUNITY MASTER FUND LTD
By:
Ramius Advisors, LLC,
 
By:
RGC Starboard Advisors, LLC,
 
its investment advisor
   
its investment manager

RAMIUS MULTI-STRATEGY MASTER FUND LTD
 
RAMIUS ENTERPRISE MASTER FUND LTD
By:
Ramius Advisors, LLC,
 
By:
Ramius Advisors, LLC,
 
its investment advisor
   
its investment advisor

RAMIUS ADVISORS, LLC
 
RCG STARBOARD ADVISORS, LLC
By:
Ramius LLC,
 
By:
Ramius LLC,
 
its sole member
   
its sole member
       
RCG HOLDINGS LLC
 
RAMIUS LLC
By:
C4S & CO., L.L.C.
 
By:
Cowen Group, Inc.
 
its managing member
   
its sole member
         
RAMIUS NAVIGATION MASTER FUND LTD
 
COWEN GROUP, INC.
By:
Ramius Advisors, LLC,
   
 
its investment advisor
 
C4S & CO., L.L.C.

 
 
By:
/s/ Jeffrey M. Solomon
 
Name:
Jeffrey M. Solomon
 
Title:
Authorized Signatory


 
/s/ Jeffrey M. Solomon
Jeffrey M. Solomon, individually and as attorney-in-fact for Peter A. Cohen, Morgan B. Stark and Thomas W. Strauss

The Powers of Attorney authorizing certain persons to sign and file this Schedule 13D on behalf of certain Reporting Persons were previously filed as exhibits to the Schedule 13D.
 
25

CUSIP NO. 125-902106
SCHEDULE A

Transactions in the Shares Since the Filing of Amendment No. 22 to the Schedule 13D

Shares of Common Stock
Purchased/(Sold)
Price Per
Share ($)
Date of
Purchase/ Sale

RAMIUS VALUE AND OPPORTUNITY MASTER FUND LTD
 
(927)
 
12.1344
12/16/09
(1,107)
 
12.1273
12/17/09
(1,442)
 
12.3995
12/18/09
(2,828)
 
12.3004
12/21/09
(1,133)
 
12.2127
12/22/09
(1,854)
 
11.5669
12/23/09
(2,050)
 
11.5988
12/24/09
(1,648)
 
11.7777
12/28/09
(4,284)
 
11.8695
12/29/09
(2,678)
 
11.9736
12/30/09
(550)
 
12.2825
12/31/09
(3,468)
 
12.9367
1/5/10
(1,643)
 
12.8707
1/6/10
(1,015)
 
12.8767
1/7/10
(1,341)
 
13.0381
1/8/10

RAMIUS MULTI-STRATEGY MASTER FUND LTD
 
(301)
 
12.1344
12/16/09
(360)
 
12.1273
12/17/09
(468)
 
12.3995
12/18/09
(918)
 
12.3004
12/21/09
(368)
 
12.2127
12/22/09
(602)
 
11.5669
12/23/09
(666)
 
11.5988
12/24/09
(536)
 
11.7777
12/28/09
(1,391)
 
11.8695
12/29/09
(869)
 
11.9736
12/30/09
(178)
 
12.2825
12/31/09
(1,126)
 
12.9367
1/5/10
(533)
 
12.8707
1/6/10
(330)
 
12.8767
1/7/10
(435)
 
13.0381
1/8/10
 
26

CUSIP NO. 125-902106

RAMIUS ENTERPRISE MASTER FUND LTD
 
(339)
 
12.1344
12/16/09
(404)
 
12.1273
12/17/09
(527)
 
12.3995
12/18/09
(1,032)
 
12.3004
12/21/09
(413)
 
12.2127
12/22/09
(677)
 
11.5669
12/23/09
(748)
 
11.5988
12/24/09
(601)
 
11.7777
12/28/09
(1,564)
 
11.8695
12/29/09
(978)
 
11.9736
12/30/09
(201)
 
12.2825
12/31/09
(1,266)
 
12.9367
1/5/10
(600)
 
12.8707
1/6/10
(371)
 
12.8767
1/7/10
(489)
 
13.0381
1/8/10

RCG PB, LTD
 
(763)
 
12.1344
12/16/09
(370)
 
12.1344
12/16/09
(911)
 
12.1273
12/17/09
(442)
 
12.1273
12/17/09
(1,187)
 
12.3995
12/18/09
(576)
 
12.3995
12/18/09
(2,327)
 
12.3004
12/21/09
(1,130)
 
12.3004
12/21/09
(933)
 
12.2127
12/22/09
(453)
 
12.2127
12/22/09
(1,526)
 
11.5669
12/23/09
(741)
 
11.5669
12/23/09
(1,687)
 
11.5988
12/24/09
(819)
 
11.5988
12/24/09
(1,357)
 
11.7777
12/28/09
(658)
 
11.7777
12/28/09
(3,527)
 
11.8695
12/29/09
(1,711)
 
11.8695
12/29/09
(2,205)
 
11.9736
12/30/09
(1,070)
 
11.9736
12/30/09
(452)
 
12.2825
12/31/09
(219)
 
12.2825
12/31/09
(81,953)*
 
12.2800
1/1/10
(45,543)*
 
12.2800
1/1/10
(19,870)*
 
12.2800
1/1/10
(18,060)*
 
12.2800
1/1/10
(5,418)*
 
12.2800
1/1/10
(3,477)*
 
12.2800
1/1/10
(8,488)*
 
12.2800
1/1/10
(3,532)*
 
12.2800
1/1/10
 

* Shares were transferred to Ramius Navigation Master Fund Ltd, an affiliate of RCG PB Ltd, in an exempt transaction.
 
27

CUSIP NO. 125-902106
 
(6,772)*
 
12.2800
1/1/10
(2,890)*
 
12.2800
1/1/10
(13,364)*
 
12.2800
1/1/10
(4,515)*
 
12.2800
1/1/10
(11,288)*
 
12.2800
1/1/10
(15,803)*
 
12.2800
1/1/10
(11,288)*
 
12.2800
1/1/10
(6,140)*
 
12.2800
1/1/10
(20,182)*
 
12.2800
1/1/10
(4,650)*
 
12.2800
1/1/10
(2,258)*
 
12.2800
1/1/10
(111,675)*
 
12.2800
1/1/10
(12,500)*
 
12.2800
1/1/10
(3,180)*
 
12.2800
1/1/10
(3,200)*
 
12.2800
1/1/10
(3,600)*
 
12.2800
1/1/10
(4,400)*
 
12.2800
1/1/10

 
RAMIUS NAVIGATION MASTER FUND LTD
 
81,953**
 
43.4212
1/1/10
45,543**
 
44.1395
1/1/10
19,870**
 
44.9223
1/1/10
18,060**
 
40.1238
1/1/10
5,418**
 
40.2300
1/1/10
3,477**
 
40.5591
1/1/10
8,488**
 
40.1860
1/1/10
3,532**
 
40.2441
1/1/10
6,772**
 
39.7973
1/1/10
2,890**
 
38.9588
1/1/10
13,364**
 
38.5282
1/1/10
4,515**
 
38.8149
1/1/10
11,288**
 
38.9189
1/1/10
15,803**
 
38.9932
1/1/10
11,288**
 
38.9447
1/1/10
6,140**
 
38.6784
1/1/10
20,182**
 
38.9320
1/1/10
4,650**
 
37.5803
1/1/10
2,258**
 
36.8132
1/1/10
111,675**
 
17.1887
1/1/10
12,500**
 
17.6800
1/1/10
3,180**
 
17.9596
1/1/10
3,200**
 
17.9399
1/1/10
3,600**
 
18.0300
1/1/10
4,400**
 
18.1274
1/1/10
 
* Shares were transferred to Ramius Navigation Master Fund Ltd, an affiliate of RCG PB Ltd, in an exempt transaction. 
**Shares were acquired from RCG PB Ltd, an affiliate of Ramius Navigation Master Fund Ltd, in an exempt transaction.
 
28

CUSIP NO. 125-902106
 
2,855
 
12.9367
1/5/09
1,385
 
12.9367
1/5/09
1,353
 
12.8707
1/6/09
656
 
12.8707
1/6/09
835
 
12.8767
1/7/09
405
 
12.8767
1/7/09
1,104
 
13.0381
1/8/09
536
 
13.0381
1/8/09
 
29

CUSIP NO. 125-902106
 
SCHEDULE B
 
Directors and Officers of Ramius Enterprise Master Fund Ltd
 
Name and Position
 
Principal Occupation
 
Principal Business Address
 
Citizenship
             
Morgan B. Stark
Director
 
Chief Executive Officer and President of Ramius LLC
 
599 Lexington Avenue
20th Floor
New York, New York 10022
 
United States
             
Marran Ogilvie
Director
 
Chief of Staff of Cowen Group, Inc.
 
599 Lexington Avenue
20th Floor
New York, New York 10022
 
United States
             
CFS Company Ltd.
Director
 
Nominee Company registered with Cayman Islands Monetary Authority and is affiliated with Administrator of the Fund
 
c/o Citco Fund Services
(Cayman Islands) Limited
Regatta Office Park
Windward 1, 2nd Floor
PO Box 31106
Grand Cayman KY1-1205
Cayman Islands
 
 
Cayman Islands
CSS Corporation Ltd.
Secretary
 
Affiliate of the Administrator of the Fund
 
c/o Citco Fund Services
(Cayman Islands) Limited
Regatta Office Park
Windward 1, 2nd Floor
PO Box 31106
Grand Cayman KY1-1205
Cayman Islands
 
 
Cayman Islands

30

CUSIP NO. 125-902106
 
SCHEDULE C
 
Directors and Officers of Ramius Value and Opportunity Master Fund Ltd
 
Name and Position
 
Principal Occupation
 
Principal Business Address
 
Citizenship
             
Jeffrey M. Solomon
Director
 
Chairman of the Investment Committee of Cowen Group, Inc.
 
599 Lexington Avenue
20th Floor
New York, New York 10022
 
United States
             
Mark R. Mitchell
Director
 
Partner Managing Director of Ramius LLC
 
599 Lexington Avenue
20th Floor
New York, New York 10022
 
United States
             
CFS Company Ltd.
Director
 
Nominee Company registered with Cayman Islands Monetary Authority and is affiliated with Administrator of the Fund
 
c/o Citco Fund Services
(Cayman Islands) Limited
Regatta Office Park
Windward 1, 2nd Floor
PO Box 31106
Grand Cayman KY1-1205
Cayman Islands
 
 
Cayman Islands
CSS Corporation Ltd.
Secretary
 
Affiliate of the Administrator of the Fund
 
c/o Citco Fund Services
(Cayman Islands) Limited
Regatta Office Park
Windward 1, 2nd Floor
PO Box 31106
Grand Cayman KY1-1205
Cayman Islands
 
 
Cayman Islands

31

CUSIP NO. 125-902106
 
SCHEDULE D
 
Directors and Officers of Ramius Multi-Strategy Master Fund Ltd
 
Name and Position
 
Principal Occupation
 
Principal Business Address
 
Citizenship
             
Morgan B. Stark
Director
 
Chief Executive Officer and President of Ramius LLC
 
599 Lexington Avenue
20th Floor
New York, New York 10022
 
United States
             
Marran Ogilvie
Director
 
Chief of Staff of Cowen Group, Inc.
 
599 Lexington Avenue
20th Floor
New York, New York 10022
 
United States
             
CFS Company Ltd.
Director
 
Nominee Company registered with Cayman Islands Monetary Authority and is affiliated with Administrator of the Fund
 
c/o Citco Fund Services
(Cayman Islands) Limited
Regatta Office Park
Windward 1, 2nd Floor
PO Box 31106
Grand Cayman KY1-1205
Cayman Islands
 
 
Cayman Islands
CSS Corporation Ltd.
Secretary
 
Affiliate of the Administrator of the Fund
 
c/o Citco Fund Services
(Cayman Islands) Limited
Regatta Office Park
Windward 1, 2nd Floor
PO Box 31106
Grand Cayman KY1-1205
Cayman Islands
 
 
Cayman Islands

32

CUSIP NO. 125-902106
 
SCHEDULE E
 
Directors and Officers of RCG PB, Ltd
 
Name and Position
 
Principal Occupation
 
Principal Business Address
 
Citizenship
             
Morgan B. Stark
Director
 
Chief Executive Officer and President of Ramius LLC
 
599 Lexington Avenue
20th Floor
New York, New York 10022
 
United States
             
Marran Ogilvie
Director
 
Chief of Staff of Cowen Group, Inc.
 
599 Lexington Avenue
20th Floor
New York, New York 10022
 
United States
             
CFS Company Ltd.
Director
 
Nominee Company registered with Cayman Islands Monetary Authority and is affiliated with Administrator of the Fund
 
c/o Citco Fund Services
(Cayman Islands) Limited
Regatta Office Park
Windward 1, 2nd Floor
PO Box 31106
Grand Cayman KY1-1205
Cayman Islands
 
 
Cayman Islands
CSS Corporation Ltd.
Secretary
 
Affiliate of the Administrator of the Fund
 
c/o Citco Fund Services
(Cayman Islands) Limited
Regatta Office Park
Windward 1, 2nd Floor
PO Box 31106
Grand Cayman KY1-1205
Cayman Islands
 
 
Cayman Islands

33

CUSIP NO. 125-902106
 
SCHEDULE F
 
Directors and Officers of Cowen Group, Inc.
 
Name and Position
 
Principal Occupation
 
Principal Business Address
 
Citizenship
             
Peter A. Cohen
Chairman of the Board and Chief Executive Officer
 
Chief Executive Officer of Cowen Group, Inc.
 
c/o Cowen Group, Inc.
599 Lexington Avenue
20th Floor
New York, New York 10022
 
United States
             
Jules B. Kroll
Director
 
President of JEMKroll Group
 
c/o Cowen Group, Inc.
599 Lexington Avenue
20th Floor
New York, New York 10022
 
United States
             
David M. Malcolm
Director
 
President and Chief Executive Officer of Cowen and Company
 
c/o Cowen Group, Inc.
599 Lexington Avenue
20th Floor
New York, New York 10022
 
United States
             
Jerome S. Markowitz
Director
 
Senior Partner at Conifer Securities LLC
 
c/o Cowen Group, Inc.
599 Lexington Avenue
20th Floor
New York, New York 10022
 
United States
             
Jack H. Nusbaum
Director
 
Chairman of Willkie Farr & Gallagher LLP
 
c/o Cowen Group, Inc.
599 Lexington Avenue
20th Floor
New York, New York 10022
 
United States
             
L. Thomas Richards, M.D.
Director
 
Physician, UCSF Medical Center
 
c/o Cowen Group, Inc.
599 Lexington Avenue
20th Floor
New York, New York 10022
 
United States
             
Edoardo Spezzotti
Director
 
Senior Executive Vice President of Unicredit Group
 
c/o Cowen Group, Inc.
599 Lexington Avenue
20th Floor
New York, New York 10022
 
Italy
             
John E. Toffolon, Jr.
Lead Director
 
Director, Westway Group, Inc.
 
c/o Cowen Group, Inc.
599 Lexington Avenue
20th Floor
New York, New York 10022
 
United States
             
Charles W.B. Wardell, III
Director
 
Senior Client Partner at Korn/Ferry
 
c/o Cowen Group, Inc.
599 Lexington Avenue
20th Floor
New York, New York 10022
 
United States
             
 
34

CUSIP NO. 125-902106
 
Christopher A. White
Chief Financial Officer
 
Chief Financial Officer of Cowen Group, Inc.
 
c/o Cowen Group, Inc.
599 Lexington Avenue
20th Floor
New York, New York 10022
 
United States
             
Joseph R. Wright
Director
 
Chief Executive Officer and Director of Scientific Games Corporation
 
c/o Cowen Group, Inc.
599 Lexington Avenue
20th Floor
New York, New York 10022
 
United States

35

CUSIP NO. 125-902106
 
SCHEDULE G
 
Directors and Officers of Ramius Navigation Master Fund Ltd
 
Name and Position
 
Principal Occupation
 
Principal Business Address
 
Citizenship
             
Jeffrey C. Smith
Director
 
Partner Managing Director of Ramius LLC
 
599 Lexington Avenue
20th Floor
New York, New York 10022
 
United States
             
Marran Ogilvie
Director
 
Chief of Staff of Cowen Group, Inc.
 
599 Lexington Avenue
20th Floor
New York, New York 10022
 
United States

 
36

 
EX-99.1 2 ex991to13da2306297038_010710.htm JOINT FILING AGREEMENT ex991to13da2306297038_010710.htm
Exhibit 99.1
 
JOINT FILING AGREEMENT
 
In accordance with Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of Amendment No. 23 to the Schedule 13D originally filed on September 15, 2003 (including additional amendments thereto) with respect to the shares of Common Stock, par value $.40 per share, of CPI Corp.  This Joint Filing Agreement shall be filed as an Exhibit to such Statement.
 
Dated: January 11, 2010

RAMIUS NAVIGATION MASTER FUND LTD
 
RAMIUS VALUE AND OPPORTUNITY MASTER FUND LTD
By:
Ramius Advisors, LLC,
 
By:
RGC Starboard Advisors, LLC,
 
its investment advisor
   
its investment manager

RAMIUS MULTI-STRATEGY MASTER FUND LTD
 
RAMIUS ENTERPRISE MASTER FUND LTD
By:
Ramius Advisors, LLC,
 
By:
Ramius Advisors, LLC,
 
its investment advisor
   
its investment advisor

RAMIUS ADVISORS, LLC
 
RCG STARBOARD ADVISORS, LLC
By:
Ramius LLC,
 
By:
Ramius LLC,
 
its sole member
   
its sole member
       
RCG HOLDINGS LLC
 
RAMIUS LLC
By:
C4S & CO., L.L.C.
 
By:
Cowen Group, Inc.
 
its managing member
   
its sole member
         
RCG PB, LTD
 
COWEN GROUP, INC.
By:
Ramius Advisors, LLC,
   
 
its investment advisor
 
C4S & CO., L.L.C.

 
 
By:
/s/ Jeffrey M. Solomon
 
Name:
Jeffrey M. Solomon
 
Title:
Authorized Signatory


 
/s/ Jeffrey M. Solomon
Jeffrey M. Solomon, individually and as attorney-in-fact for Peter A. Cohen, Morgan B. Stark and Thomas W. Strauss


 
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