The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AGCO Corp COM 001084102 2,913 52,803 SH   SOLE   42,668 0 10,135
Apache Corp COM 037411105 253 3,050 SH   SOLE   1,050 0 2,000
Bob Evans Farms Inc COM 096761101 1,371 27,400 SH   SOLE   22,050 0 5,350
BP PLC SPONSORED ADR 055622104 931 19,347 SH   SOLE   18,682 0 665
Brocade Communications Sys I COM NEW 111621306 2,702 254,700 SH   SOLE   213,800 0 40,900
Campbell Soup Co COM 134429109 5,063 112,810 SH   SOLE   90,655 0 22,155
Chevron Corp New COM 166764100 918 7,719 SH   SOLE   5,192 0 2,527
Cisco Sys Inc COM 17275R102 4,888 218,067 SH   SOLE   178,435 0 39,632
ConocoPhillips COM 20825c104 1,412 20,065 SH   SOLE   16,015 0 4,050
Consolidated Edison Inc COM 209115104 3,099 57,755 SH   SOLE   48,860 0 8,895
Duke Energy Corp New COM NEW 26441c204 789 11,082 SH   SOLE   9,250 0 1,832
eBay Inc COM 278642103 682 12,350 SH   SOLE   4,000 0 8,350
Eni S P A SPONSORED ADR 26874R108 3,375 67,272 SH   SOLE   62,907 0 4,365
Exxon Mobil Corp COM 30231G102 650 6,652 SH   SOLE   3,652 0 3,000
Ford Mtr Co Del COM PAR $0.01 345370860 2,953 189,280 SH   SOLE   137,130 0 52,150
FORWARD INDS INC N Y COM NEW 349862300 29 15,000 SH   SOLE   15,000 0 0
Hess Corp COM 42809h107 1,069 12,898 SH   SOLE   10,598 0 2,300
Ingredion Inc COM 457187102 6,051 88,884 SH   SOLE   79,718 0 9,166
Johnson & Johnson COM 478160104 10,129 103,112 SH   SOLE   92,482 0 10,630
Kratos Defense & Sec Solutio COM NEW 50077B207 3,625 480,765 SH   SOLE   385,095 0 95,670
Lindsay Corp COM 535555106 1,928 21,870 SH   SOLE   14,550 0 7,320
Marathon Oil Corp COM 565849106 6,018 169,434 SH   SOLE   147,984 0 21,450
Marathon Pete Corp COM 56585a102 599 6,883 SH   SOLE   2,383 0 4,500
Microsoft Corp COM 594918104 6,995 170,640 SH   SOLE   148,664 0 21,976
Molson Coors Brewing Co CL B 60871r209 8,026 136,360 SH   SOLE   117,660 0 18,700
Mondelez Intl Inc CL A 609207105 1,258 36,400 SH   SOLE   24,200 0 12,200
Murphy Oil Corp COM 626717102 402 6,400 SH   SOLE   1,900 0 4,500
NovaGold Res Inc COM NEW 66987e206 58 16,000 SH   SOLE   16,000 0 0
Novartis A G SPONSORED ADR 66987v109 8,709 102,433 SH   SOLE   96,628 0 5,805
PDI Inc COM 69329v100 46 10,000 SH   SOLE   10,000 0 0
Phillips 66 COM 718546104 238 3,086 SH   SOLE   344 0 2,742
Potash Corp Sask Inc COM 73755L107 4,441 122,605 SH   SOLE   114,665 0 7,940
RITE AID CORP COM 767754104 63 10,000 SH   SOLE   10,000 0 0
Royal Dutch Shell Plc SPON ADR B 780259107 842 10,783 SH   SOLE   10,355 0 428
Royal Dutch Shell Plc SPON ADR A 780259206 3,150 43,122 SH   SOLE   40,702 0 2,420
SeaChange Intl Inc COM 811699107 5,188 496,917 SH   SOLE   407,430 0 89,487
Snyders-Lance Inc COM 833551104 4,158 147,514 SH   SOLE   118,939 0 28,575
Statoil ASA SPONSORED ADR 85771p102 4,229 149,857 SH   SOLE   141,455 0 8,402
SYMANTEC CORP COM 871503108 305 15,250 SH   SOLE   3,100 0 12,150
TeleCommunication Sys Inc CL A 87929j103 4,780 2,078,367 SH   SOLE   1,696,860 0 381,507
Total S A SPONSORED ADR 89151e109 4,102 62,535 SH   SOLE   59,745 0 2,790
Verifone Sys Inc COM 92342Y109 4,563 134,915 SH   SOLE   106,240 0 28,675
Verizon Communications Inc COM 92343V104 3,991 83,904 SH   SOLE   79,735 0 4,169
Vodafone Group PLC New SPONS ADR NO PAR 92857w209 6,630 180,123 SH   SOLE   169,347 0 10,776
Weight Watchers Intl Inc New COM 948626106 241 11,750 SH   SOLE   4,500 0 7,250
Wendys Co COM 95058w100 13,192 1,446,476 SH   SOLE   1,279,332 0 167,144