0000914760-05-000089.txt : 20120618
0000914760-05-000089.hdr.sgml : 20120618
20050318152939
ACCESSION NUMBER: 0000914760-05-000089
CONFORMED SUBMISSION TYPE: SC 13D/A
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20050318
DATE AS OF CHANGE: 20050318
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: 0206
FILING VALUES:
FORM TYPE: SC 13D/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-33916
FILM NUMBER: 05691588
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: KNIGHTSPOINT PARTNERS I LP
CENTRAL INDEX KEY: 0001263164
IRS NUMBER: 562339854
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D/A
BUSINESS ADDRESS:
STREET 1: 787 SEVENTH AVENUE 9TH FL
CITY: NEW YORK
STATE: NY
ZIP: 10019
BUSINESS PHONE: 2127866050
MAIL ADDRESS:
STREET 1: 787 SEVENTH AVENUE 9TH FL
CITY: NEW YORK
STATE: NY
ZIP: 10019
SC 13D/A
1
k20242_13da4.txt
AMENDMENT NO. 4
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(AMENDMENT NO. 4)
Under the Securities Exchange Act of 1934
CPI CORP.
--------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, $.40 PAR VALUE
--------------------------------------------------------------------------------
(Title of Class of Securities)
125-902106
--------------------------------------------------------------------------------
(CUSIP Number)
DAVID MEYER
C/O KNIGHTSPOINT PARTNERS, LLC
787 SEVENTH AVENUE
9TH FLOOR
NEW YORK, NEW YORK 10019
(212) 786-6050
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
MARCH 9, 2005
--------------------------------------------------------------------------------
(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 which is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss.240.13d-1(e), 240.13d-1(f), or 240.13d-1(g), check the
following box: |_|
SCHEDULE 13D
CUSIP No. 125-902106
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Knightspoint Partners LLC 81-0604786
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS
N/A
--------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
102,321
NUMBER OF ---------------------------------------------------------
SHARES 8) SHARED VOTING POWER
BENEFICIALLY none
OWNED BY EACH ---------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON WITH 102,321
---------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
102,321
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.3%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 125-902106
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Knightspoint Capital Management I LLC 56-2339843
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS
N/A
--------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
102,321
NUMBER OF ---------------------------------------------------------
SHARES 8) SHARED VOTING POWER
BENEFICIALLY none
OWNED BY EACH ---------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON WITH 102,321
---------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
102,321
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.3%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 125-902106
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Knightspoint Partners I, L.P. 56-2339854
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS
WC, OO
--------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
102,321
NUMBER OF ---------------------------------------------------------
SHARES 8) SHARED VOTING POWER
BENEFICIALLY none
OWNED BY EACH ---------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON WITH 102,321
---------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
102,321
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.3%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 125-902106
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Michael Koeneke
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS
PF
--------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
102,321
NUMBER OF ---------------------------------------------------------
SHARES 8) SHARED VOTING POWER
BENEFICIALLY none
OWNED BY EACH ---------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON WITH 102,321
---------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
102,321
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.3%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 125-902106
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
David Meyer
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS
PF
--------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
102,321
NUMBER OF ---------------------------------------------------------
SHARES 8) SHARED VOTING POWER
BENEFICIALLY none
OWNED BY EACH ---------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON WITH 102,321
---------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
102,321
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.3%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 125-902106
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ramius Securities, LLC 58-2253019
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
216,000
NUMBER OF ---------------------------------------------------------
SHARES 8) SHARED VOTING POWER
BENEFICIALLY none
OWNED BY EACH ---------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON WITH 216,000
---------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
216,000
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.8%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
BD
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 125-902106
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ramius Capital Group, LLC 13-3937658
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS
N/A
--------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
882,000
NUMBER OF ---------------------------------------------------------
SHARES 8) SHARED VOTING POWER
BENEFICIALLY none
OWNED BY EACH ---------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON WITH 882,000
---------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
882,000
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.4%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
OO IA
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 125-902106
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Admiral Advisors, LLC 37-1484525
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS
N/A
--------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
282,000
NUMBER OF ---------------------------------------------------------
SHARES 8) SHARED VOTING POWER
BENEFICIALLY none
OWNED BY EACH ---------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON WITH 282,000
---------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
282,000
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.6%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 125-902106
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Starboard Value & Opportunity Fund, LLC 37-1484524
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
282,000
NUMBER OF ---------------------------------------------------------
SHARES 8) SHARED VOTING POWER
BENEFICIALLY none
OWNED BY EACH ---------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON WITH 282,000
---------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
282,000
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.6%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 125-902106
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
C4S & CO., LLC 13-3946794
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS
N/A
--------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
882,000
NUMBER OF ---------------------------------------------------------
SHARES 8) SHARED VOTING POWER
BENEFICIALLY none
OWNED BY EACH ---------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON WITH 882,000
---------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
882,000
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.4%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 125-902106
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ramius Advisors, LLC 13-3954331
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS
N/A
--------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
192,000
NUMBER OF ---------------------------------------------------------
SHARES 8) SHARED VOTING POWER
BENEFICIALLY none
OWNED BY EACH ---------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON WITH 192,000
---------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
192,000
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.5%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
OO IA
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 125-902106
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Peter A. Cohen
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS
N/A
--------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
none
NUMBER OF ---------------------------------------------------------
SHARES 8) SHARED VOTING POWER
BENEFICIALLY 882,000
OWNED BY EACH ---------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON WITH none
---------------------------------------------------------
10) SHARED DISPOSITIVE POWER
882,000
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
882,000
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.4%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 125-902106
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Morgan B. Stark
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS
N/A
--------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
none
NUMBER OF ---------------------------------------------------------
SHARES 8) SHARED VOTING POWER
BENEFICIALLY 882,000
OWNED BY EACH ---------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON WITH none
---------------------------------------------------------
10) SHARED DISPOSITIVE POWER
882,000
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
882,000
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.4%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 125-902106
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Thomas W. Strauss
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS
N/A
--------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
none
NUMBER OF ---------------------------------------------------------
SHARES 8) SHARED VOTING POWER
BENEFICIALLY 882,000
OWNED BY EACH ---------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON WITH none
---------------------------------------------------------
10) SHARED DISPOSITIVE POWER
882,000
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
882,000
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.4%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 125-902106
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jeffrey M. Solomon
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS
N/A
--------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
none
NUMBER OF ---------------------------------------------------------
SHARES 8) SHARED VOTING POWER
BENEFICIALLY 882,000
OWNED BY EACH ---------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON WITH none
---------------------------------------------------------
10) SHARED DISPOSITIVE POWER
882,000
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
882,000
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.4%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 125-902106
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
RCG Ambrose Master Fund, Ltd. 98-0212993
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
192,000
NUMBER OF ---------------------------------------------------------
SHARES 8) SHARED VOTING POWER
BENEFICIALLY none
OWNED BY EACH ---------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON WITH 192,000
---------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
192,000
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.5%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 125-902106
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ramius Master Fund, Ltd. 98-0395643
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
192,000
NUMBER OF ---------------------------------------------------------
SHARES 8) SHARED VOTING POWER
BENEFICIALLY none
OWNED BY EACH ---------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON WITH 192,000
---------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
192,000
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.5%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
Introduction.
This amends and supplements the Schedule 13D dated September 4, 2003,
as amended to date (the "Schedule 13D"), filed with the Securities and Exchange
Commission by Knightspoint Partners I, L.P., Knightspoint Capital Management I
LLC, Knightspoint Partners LLC, David Meyer, Michael Koeneke, Stuart Meyer,
Televideo Consultants, Inc., Pimchand Manprasert Meyer, Eric Meyer, Bert Chan,
Scott Laughlin, Ramius Securities, LLC, Ramius Capital Group, LLC, C4S & Co.,
LLC, RCG Ambrose Master Fund, Ltd., Ramius Master Fund, Ltd., Peter A. Cohen,
Morgan B. Stark, Thomas W. Strauss, Ramius Advisors, LLC, Starboard Value &
Opportunity Fund, LLC, Admiral Advisors, LLC and Jeffrey M. Solomon with respect
to the common stock, $.40 par value, of CPI Corp., a Delaware corporation
("CPI").
The "Knightspoint Group" consists of Knightspoint Partners I, L.P.,
Knightspoint Capital Management I LLC, Knightspoint Partners LLC, David Meyer,
Michael Koeneke, Ramius Securities, LLC, Ramius Capital Group, LLC, C4S & Co.,
LLC, RCG Ambrose Master Fund, Ltd., Ramius Master Fund, Ltd., Peter A. Cohen,
Morgan B. Stark, Thomas W. Strauss, Ramius Advisors, LLC, Starboard Value &
Opportunity Fund, LLC, Admiral Advisors, LLC and Jeffrey M. Solomon.
The purpose of this amendment is to remove the following parties from
the Schedule 13D: Stuart Meyer, Televideo Consultants, Inc., Pimchand Manprasert
Meyer, Eric Meyer, Bert Chan and Scott Laughlin. The parties to this Schedule
13D shall consist only of members of the Knightspoint Group.
ITEM 2. IDENTIFY AND BACKGROUND IS AMENDED AND SUPPLEMENTED BY ADDING
THE FOLLOWING:
The following persons and entities are hereby removed from this Schedule 13D:
Stuart Meyer, Televideo Consultants, Inc., Pimchand Manprasert Meyer, Eric
Meyer, Bert Chan and Scott Laughlin. Based upon the information supplied by
these persons and entities, these persons or entities beneficially own less than
5% of the common stock of CPI and therefore are not required to file a Schedule
13D.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO THE SECURITIES OF THE ISSUER
The disclosure set forth in Item 2 above is hereby incorporated herein by
reference.
As previously reported in the Schedule 13D, Ramius Securities, LLC, RCG Ambrose
Master Fund, Ltd., Ramius Master Fund, Ltd. and Knightspoint Partners LLC have
entered into an oral agreement with respect to certain fees to be paid to
Knightspoint Partners LLC arising out of the activities of the Knightspoint
Group and the allocation of expenses incurred in connection with such
activities. Pursuant to this agreement, Knightspoint Partners LLC shall receive
a fee equal to the sum of (a) twenty percent of any pre-tax profit (net of
applicable transaction expenses) earned by Ramius Securities, LLC with respect
to the shares of Common Stock owned by Ramius Securities, LLC and (b) six
percent of any pre-tax profit (net of applicable transaction expenses) earned by
RCG Ambrose Master Fund, Ltd. and Ramius Master Fund, Ltd. with respect to the
shares of Common Stock owned by RCG Ambrose Master Fund, Ltd. and Ramius Master
Fund, Ltd. Ramius Securities, LLC, RCG Ambrose Master Fund, Ltd., Ramius Master
Fund, Ltd. and Knightspoint Partners LLC have also agreed that all expenses
incurred in connection with the activities of the Knightspoint Group shall be
allocated among each of them pro rata in accordance with the number of shares of
Common Stock beneficially owned by each. In addition, as reported in the
Schedule 13D, Starboard Value & Opportunity Fund, LLC and Knightspoint Partners
LLC have an oral agreement pursuant to which Knightspoint Partners LLC shall
receive a fee equal to eleven percent of any pre-tax profit (net of applicable
transaction expenses) earned by Starboard Value & Opportunity Fund, LLC with
respect to the shares of Common Stock owned by Starboard Value & Opportunity
Fund, LLC.
As previously reported in the Schedule 13D, Ramius Securities, LLC, RCG Ambrose
Master Fund, Ltd., Ramius Master Fund, Ltd. and Knightspoint Partners LLC have
also agreed (on behalf of themselves and their affiliates) not to acquire
additional shares or other securities of the Company without the consent of the
other parties.
Other than as described herein, there are no contracts, arrangements or
understandings among the Reporting Persons, or between any Reporting Person and
any other person, with respect to the securities of the Company.
SIGNATURES
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
Statement is true, complete and correct.
Dated: March 9, 2005
KNIGHTSPOINT PARTNERS I, L.P.
By: Knightspoint Capital Management I LLC,
its general partner
By: Knightspoint Partners LLC, its member
By: /s/ David Meyer
----------------------------------------
Name: David Meyer
Title: Managing Member
KNIGHTSPOINT CAPITAL MANAGEMENT I LLC
By: Knightspoint Partners LLC, its member
By: /s/ David Meyer
----------------------------------------
Name: David Meyer
Title: Managing Member
KNIGHTSPOINT PARTNERS LLC
By: /s/ David Meyer
----------------------------------------
Name: David Meyer
Title: Managing Member
/s/ David Meyer
---------------------------------------------
Name: David Meyer
Title: Individually and as attorney-in-fact
for each of Michael Koeneke, Stuart
Meyer, Televideo Consultants, Inc.,
Pimchand Manprasert Meyer, Eric
Meyer, Bert Chan and Scott Laughlin
RAMIUS SECURITIES, LLC
By: Ramius Capital Group, LLC,
its Managing Member
By: C4S & Co., LLC, its Managing Member
By: /s/ Jeffrey M. Solomon
----------------------------------------
Name: Jeffrey M. Solomon
Title: Managing Member
RAMIUS CAPITAL GROUP, LLC
By: C4S & Co., LLC, its Managing Member
By: /s/ Jeffrey M. Solomon
----------------------------------------
Name: Jeffrey M. Solomon
Title: Managing Member
ADMIRAL ADVISORS, LLC
By: Ramius Capital Group, LLC,
its Member
By: C4S & Co., LLC, its Managing Member
By: /s/ Jeffrey M. Solomon/s/ Jeffrey M. Sol
----------------------------------------
Name: Jeffrey M. Solomon
Title: Managing Member
STARBOARD VALUE & OPPORTUNITY FUND, LLC
By: Admiral Advisors, LLC,
its Managing Member
By: Ramius Capital Group, LLC, its Member
By: C4S & Co., LLC, its Managing Member
By: /s/ Jeffrey M. Solomon
----------------------------------------
Name: Jeffrey M. Solomon
Title: Managing Member
C4S & CO., LLC
By: /s/ Jeffrey M. Solomon
----------------------------------------
Name: Jeffrey M. Solomon
Title: Managing Member
RCG AMBROSE MASTER FUND, LTD.
By: /s/ Jeffrey M. Solomon
----------------------------------------
Name: Jeffrey M. Solomon
Title: Managing Member
RAMIUS MASTER FUND, LTD.
By: /s/ Jeffrey M. Solomon
----------------------------------------
Name: Jeffrey M. Solomon
Title: Managing Member
/s/ Jeffrey M. Solomon
---------------------------------------------
Name: Jeffrey M. Solomon
/s/ Peter Cohen
---------------------------------------------
Name: Peter Cohen, individually and as
attorney-in-fact for each of Morgan
Stark and Thomas W. Strauss
RAMIUS ADVISORS, LLC
By: Ramius Capital Group, LLC,
its Managing Member
By: C4S & Co., LLC, its Managing Member
By: /s/ Jeffrey M. Solomon
----------------------------------------
Name: Jeffrey M. Solomon
Title: Managing Member