-----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, BGYiE0ukdWRrSMz5X21dAK73dhfx25G95Ojl1cjBlAGPUbB1MoLI0pSlcbtFphna KCYuy62+lk1E6iWsY95hoQ== 0001026081-07-000085.txt : 20070508 0001026081-07-000085.hdr.sgml : 20070508 20070508144226 ACCESSION NUMBER: 0001026081-07-000085 CONFORMED SUBMISSION TYPE: SC 13D/A CONFIRMING COPY: PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070508 DATE AS OF CHANGE: 20070508 GROUP MEMBERS: BERGGRUEN HOLDINGS NORTH AMERICA LTD. GROUP MEMBERS: BROAD PARK INVESTORS, LLC GROUP MEMBERS: CHEWY GOOEY COOKIES, LP GROUP MEMBERS: DENNIS POLLACK GROUP MEMBERS: HAROLD SCHECHTER GROUP MEMBERS: LSBK06-08, LLC GROUP MEMBERS: PETER BRAY GROUP MEMBERS: RAYMOND VANARIA GROUP MEMBERS: SEIDMAN AND ASSOCIATES, LLC GROUP MEMBERS: SEIDMAN INVESTMENT PARTNERSHIP II, LP GROUP MEMBERS: SEIDMAN INVESTMENT PARTNERSHIP, LP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CENTER BANCORP INC CENTRAL INDEX KEY: 0000712771 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 521273725 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-34440 BUSINESS ADDRESS: STREET 1: 2455 MORRIS AVE CITY: UNION STATE: NJ ZIP: 07083 BUSINESS PHONE: 9086889500 MAIL ADDRESS: STREET 1: 2455 MORRIS AVE CITY: UNION STATE: NJ ZIP: 07083 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SEIDMAN LAWRENCE B CENTRAL INDEX KEY: 0001026081 STATE OF INCORPORATION: NJ FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: BUSINESS PHONE: 2015601400 MAIL ADDRESS: STREET 1: LANIDEX CENTER STREET 2: 100 MISTY LANE P O BOX 5430 CITY: PARSIPPANY STATE: NJ ZIP: 07054 SC 13D/A 1 schedule13damendment9cnbc.htm CENTER BANCORP INC. SCHEDULE 13D AMENDMENT 9 Center Bancorp Inc. Schedule 13D Amendment 9



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
 
Under the Securities Exchange Act of 1934
(Amendment No.9)*
 


Center Bancorp, Inc.

(Name of Issuer)

Common Stock
(Title of Class of Securities)

151408101 
(CUSIP Number)


Lawrence B. Seidman, 100 Misty Lane, Parsippany, NJ  07054
(973) 952-0405

(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)

May 8, 2007
(Date of Event which Requires Filling 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.
 
* 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).
 
 

 
This statement on Schedule 13 D which was filed on June 27, 2006, Amendment No. 1 was was filed on September 27, 2006, Amendment No. 2 was filed on November 1, 2006, Amendment No. 3 was filed on January 3, 2007, Amendment No. 4 was filed on January 30, 2007, Amendment No. 5 was filed on February 1, 2007, Amendment No. 6 was filed on March 22, 2007, Amendment No. 7 was filed on May 2, 2007 and Amendment No. 8 was filed on May 8, 2007 on behalf of Seidman and Associates, L.L.C (“SAL”), Seidman Investment Partnership, L.P. (“SIP”), Seidman Investment Partnership II, L.P. (“SIPII”), Broad Park Investors, L.L.C (“Broad Park”), Chewy Gooey Cookies, L.P. (“Chewy”), Berggruen Holdings North America Ltd. (“Berggruen”), Lawrence Seidman (“Seidman”), Dennis Pollack (“Pollack”), Harold Schechter (“Schechter”), Raymond Vanaria (“Vanaria”), Peter Bray (“Bray”) and LSBK06-08, L.L.C. (“LSBK”), collectively, the (“Reporting Persons”) with respect to the Reporting Persons’ beneficial ownership of shares of Common stock (“the Shares”) of Center Bancorp, Inc., a New Jersey corporation, (“the Company”) is hereby amended as set forth below: Such statement on Schedule 13D is hereinafter referred to as the “Schedule 13D”. Terms used herein which are defined in the Schedule 13D shall have their respective meanings set forth in the Schedule 13D. 
 
 
 Item 4. Purpose of Transaction

On May 8, 2007, D.F. King issued a Press Release in connection with Mr. Seidman's letter to John J. Davis dated May 7, 2007, stating:
The Committee to Preserve Shareholder Value Questions the Timing of Center Bancorp's "Strategic Alternatives" News Release.  This press release, in its entirety, is attached hereto as Exhibit A. 

 
Item 5. Interest in Securities of the Issuer.
 
(a)(b)(c)  As of the close of business on May 4, 2007, the Reporting Persons owned beneficially an aggregate of 1,294,240 shares of Common Stock which constituted approximately 9.77% of the 13,248,406 shares of Common Stock outstanding as of April 2, 2007 as disclosed in the Issuer's 2007 Proxy Statement dated April 5, 2007.
 
Except as set forth in this Item 5, none of the Reporting Persons owns beneficially or has a right to acquire beneficial ownership of any Common Stock, and except as set forth in this item 5, none of the Reporting Persons has effected transactions in the Common Stock during the past sixty (60) days, except for previously reported transactions.
 
 
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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.
 
 
Date:   May 8, 2007
 

  By: /s/  Lawrence B. Seidman
Power of Attorney pursuant to Joint Agreement dated June 27, 2006
       
 

  By: 
/s/  Lawrence B. Seidman
Manager, LSBK06-08, L.L.C.
     
 

            
      
 
 
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                                                          Exhibit A

 
FOR IMMEDIATE RELEASE

THE COMMITTEE TO PRESERVE SHAREHOLDER VALUE QUESTIONS THE TIMING OF CENTER BANCORP’S “STRATEGIC ALTERNATIVES” NEWS RELEASE

PARSIPPANY, N.J., May 8 /PRNewswire/ -- In response to the news release issued by Center Bancorp, Inc. (Nasdaq: CNBC), Lawrence Seidman, a member of The Committee to Preserve Shareholder Value ("The Committee") today released the following letter sent to John J. Davis, President and CEO of Center Bancorp, Inc.


LAWRENCE B. SEIDMAN
100 Misty Lane
Parsippany, NJ 07054
(973) 952-0405
(973) 781-0876 fax
May 7, 2007


Via facsimile (908)687-4992 and regular mail
John J. Davis, President and Chief Executive Officer
Center Bancorp, Inc.
2455 Morris Avenue
Union, NJ 07083

Dear Mr. Davis:

I am writing with respect to the May 7, 2007 press release issued by Center Bancorp, Inc. (“the Company”). The Company states that it “anticipates a review of a wide range of options in consultation with its advisors, including a possible sale of the Company, but there can be no assurance of any particular outcome.” As stated, this review is being done to explore the enhancement of shareholder value.

The timing of the press release, just one week before the annual meeting, is very suspicious. Why would the Board wait until now to engage an expert on these topics? Further, the vague wording of the release leads one to wonder: Does the Company now have an agenda it would prefer to not disclose?

The Board, and management, have tried to refocus the direction of the Company, restructured the balance sheet twice, and had an advisor perform an efficiency study, all without any success.

Thus, the Company’s statement that the strategic plan has improved “the value and long-term prospects of our Company” is surely not borne-out by the Company’s financial performance.

Very truly yours,


                                        /s/ Lawrence B. Seidman
LAWRENCE B. SEIDMAN
 
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