CUSIP No. 232437-301
|
|
13D
|
|
Page 2 of 8 Pages
|
||||||||
|
|
|
||||||||||
1.
|
|
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Meridian OHC Partners, LP 46-3724228 |
|
|
||||||||
2.
|
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions) (a) ☒ (b) ☐ |
|
|
||||||||
3.
|
|
SEC USE ONLY
|
|
|
||||||||
4.
|
|
SOURCE OF FUNDS (see instructions)
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 |
|
|
||||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
|
7.
|
|
SOLE VOTING POWER
0 |
||||||||
|
8.
|
|
SHARED VOTING POWER
677,340 |
|||||||||
|
9.
|
|
SOLE DISPOSITIVE POWER
0 |
|||||||||
|
10.
|
|
SHARED DISPOSITIVE POWER
677,340 |
|||||||||
11.
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
749,610 |
|
|
||||||||
12.
|
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(see instructions) ☐ |
|
|
||||||||
13.
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.3% |
|
|
||||||||
14.
|
|
TYPE OF REPORTING PERSON (see instructions)
PN |
|
|
CUSIP No. 232437-301
|
|
13D
|
|
Page 3 of 8 Pages
|
||||||||
|
|
|
||||||||||
1.
|
|
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Meridian TSV II, LP 45-2531394 |
|
|
||||||||
2.
|
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions) (a) ☒ (b) ☐ |
|
|
||||||||
3.
|
|
SEC USE ONLY
|
|
|
||||||||
4.
|
|
SOURCE OF FUNDS (see instructions)
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 |
|
|
||||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
|
7.
|
|
SOLE VOTING POWER
0 |
||||||||
|
8.
|
|
SHARED VOTING POWER
25,000 |
|||||||||
|
9.
|
|
SOLE DISPOSITIVE POWER
0 |
|||||||||
|
10.
|
|
SHARED DISPOSITIVE POWER
25,000 |
|||||||||
11.
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
749,610 |
|
|
||||||||
12.
|
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(see instructions) ☐ |
|
|
||||||||
13.
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.3% |
|
|
||||||||
14.
|
|
TYPE OF REPORTING PERSON (see instructions)
PN |
|
|
|
||||||||||||
CUSIP No. 232437-301
|
|
13D
|
|
Page 4 of 8 Pages
|
||||||||
|
|
|
||||||||||
1.
|
|
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
TSV Investment Partners, LLC 27-1033220 |
|
|
||||||||
2.
|
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions) (a) ☒ (b) ☐ |
|
|
||||||||
3.
|
|
SEC USE ONLY
|
|
|
||||||||
4.
|
|
SOURCE OF FUNDS (see instructions)
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 |
|
|
||||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
|
7.
|
|
SOLE VOTING POWER
0 |
||||||||
|
8.
|
|
SHARED VOTING POWER
687,125 |
|||||||||
|
9.
|
|
SOLE DISPOSITIVE POWER
0 |
|||||||||
|
10.
|
|
SHARED DISPOSITIVE POWER
687,125 |
|||||||||
11.
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
749,610 |
|
|
||||||||
12.
|
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(see instructions) ☐ |
|
|
||||||||
13.
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.3% |
|
|
||||||||
14.
|
|
TYPE OF REPORTING PERSON (see instructions)
PN |
|
|
CUSIP No. 232437-301
|
|
13D
|
|
Page 5 of 8 Pages
|
||||||||
|
|
|
||||||||||
1.
|
|
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
BlueLine Capital Partners II, LP 20-4921646 |
|
|
||||||||
2.
|
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions) (a) ☒ (b) ☐ |
|
|
||||||||
3.
|
|
SEC USE ONLY
|
|
|
||||||||
4.
|
|
SOURCE OF FUNDS (see instructions)
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 |
|
|
||||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
|
7.
|
|
SOLE VOTING POWER
0 |
||||||||
|
8.
|
|
SHARED VOTING POWER
47,270 |
|||||||||
|
9.
|
|
SOLE DISPOSITIVE POWER
0 |
|||||||||
|
10.
|
|
SHARED DISPOSITIVE POWER
47,270 |
|||||||||
11.
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
749,610 |
|
|
||||||||
12.
|
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(see instructions) ☐ |
|
|
||||||||
13.
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.3% |
|
|
||||||||
14.
|
|
TYPE OF REPORTING PERSON (see instructions)
PN |
|
|
CUSIP No. 232437-301
|
|
13D
|
|
Page 6 of 8 Pages
|
||||||||
|
|
|
||||||||||
1.
|
|
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
BlueLine Partners, LLC 20-2141854 |
|
|
||||||||
2.
|
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions) (a) ☒ (b) ☐ |
|
|
||||||||
3.
|
|
SEC USE ONLY
|
|
|
||||||||
4.
|
|
SOURCE OF FUNDS (see instructions)
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 |
|
|
||||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
|
7.
|
|
SOLE VOTING POWER
0 |
||||||||
|
8.
|
|
SHARED VOTING POWER
47,270 |
|||||||||
|
9.
|
|
SOLE DISPOSITIVE POWER
0 |
|||||||||
|
10.
|
|
SHARED DISPOSITIVE POWER
47,270 |
|||||||||
11.
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
749,610 |
|
|
||||||||
12.
|
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(see instructions) ☐ |
|
|
||||||||
13.
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.3% |
|
|
||||||||
14.
|
|
TYPE OF REPORTING PERSON (see instructions)
PN |
|
|
Filing
|
Date
|
Subject
|
Schedule 13D
|
May 9, 2016
|
Davis/Board action to force out CEO signals a change away from Cyanotech's strategy to rapidly expand retail Astaxanthin sales
|
Amendment No. 1
|
May 10, 2016
|
Meridian's valuation model forecasts Cyanotech's retail-oriented business plan to be worth $20 or more per share
|
Amendment No. 2
|
May 19, 2016
|
Discussion of Davis/Board securities reporting and governance violations, including excerpts from Meridian's May 6, 2016 letter
|
Amendment No. 3
|
May 25, 2016
|
Notice that Meridian has commenced legal action on behalf of shareholders in Federal court against Davis, RSF and Board
|
Amendment No. 4
|
July 26, 2016
|
Criticism of Board's renomination of Davis prior to completion of internal investigation in apparent violation of fiduciary duties
|
Amendment No. 5
|
August 9, 2016
|
Criticism of Board for withholding material information from internal investigation until after shareholders cast votes for directors at annual meeting
|
Amendment No. 6
|
August 17, 2016
|
Review of Davis and Cyanotech disclosures that confirm long history of improper filings and existence of Davis/RSF "group"
|
Amendment No. 7
|
October 6, 2016
|
Analysis of evidence demonstrating long pattern of securities reporting deficiencies, "parking" and Davis/RSF "group"
|
Amendment No. 8
|
October 18 2016
|
Introduction of Davis and RSF "spiritual" alignment and how their agenda is contrary to the interests of other shareholders
|
W8719;M#P(BX_*C1[=;72;>-1CY 3]3R:YJ[N&'AIK3>?--RU
MOM_$X'Y8KL85V0(OHH%5%\S(G'EC;S'T445H8A1110 R7_4O_NFLWPW_ ,B]
M9?\ 7,5I2_ZE_P#=-9OAO_D7K+_KF* +U[_QX7'_ %S;^58'P_S_ ,(3I^?[
MK?\ H1K?O?\ CQN/^N;?RK ^'_\ R)6G_P"ZW_H1H Z:BBB@ HHHH **** "
MBBB@ HHHH S=0_Y!VI *$<# DT]5_%3_\ 7HO>F[B2M-6Z'24445S'4%%%
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M<31;![<5M6%JMG8PP(.$4"E%2\V%P/\ IFW\JP/A_P#\B5I_^ZW_ *$:
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M1110 4444 %%%% "-]P_2F0?\>\>/[HI[?'\ZFJ&Y_P!3_P "'\Z )J*** "BBB@ HHHH
M **** "BBB@ HHHH @D_X^H?H:GJ"3_CZA^AJ>@ HHHH **** "BBB@ HHHH
M **** (9^L?^^*FJ&X_Y9_[XJ:@ HHHH **** "BBB@ HHHH **** "H8O\
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M!Y%8GAJS>VMYI9GWS3/N9L>@ '\JW*TAJKF%325NQSUFPMM>UB/@(L<,OWI[)O_'?_ -=;6AY_L*QSU\E<_E4P
M^*QI5^%/O;\C0J%/^/N7_=']:FJ%/^/N7_=']:U.
M (U88*"7(_X$35WP*^_PK;?5C^9)_K4&B_N/"]Y$1CRF=49_K3O 9QHKQ_
M\\W4 ?\ %/]:Z*L5RS?F84W[T5Y'4T445QG6%%%% !1110 5$O_ !\R?[H_
MK4M1+_Q\R?[H_K0!+1110 4444 %%%% !1110 4444 %%%% #(_N_B:?3(_N
M_B:?0 4444 %%%% !1110 4444 %%%% "-]QOI3+?_CWC_W13V^XWTID'-O'
M_NB@"2BBB@ HHHH **** "BBB@ HHHH *AN?]3_P(?SJ:H;GF'_@0_G0!-11
M10 4444 %%%% !1110 4444 %%%% $$G_'U#]#4]02?\?4/T-3T %%%% !11
M10 4444 %%%% !1110!#/UC_ -\5-4-Q_P L_P#?%34 %%%% !1110 4444
M%%%% !1110 5#%_KIO\ >'\JFJ&+_73?[P_E0!-1110 4444 %%%% !1110
M4444 %%%% $4/WY?][^E2U%#]^7_ 'OZ5+0 4444 %%%% !1110 4444 %%%
M% #9/]6WTIPZ4V3_ %;?2G#I0 4444 %9NKL)+<6@/SSG8*T20#R>M8@!N/%
M)8$F.&'KV#9-3)]"X+6_8QDT>_TYC*K,\4)W@9Z@U&4:KJ&D1PG,9;SF(
M[8P172N@=&4CAA@USGAO2VL[J\=PV Y5-W8 GI6?)RZ=S=5.9.3W1TM%%%;'
M*%%%% !1110!%!]QO]X_SJ6HH/N-_O'^=2T %%%% !1110 4444 %%%% !11
M10 5"G_'W+_NC^M35 G_ !]R_P"Z/ZT 3T444 %%%% !1110 4444 %%%% !
M1110!#;_ '&_WV_G4U0VWW&_WV_G4U !1110 4444 %%%% !1110 4444 ,E
M_P!2_P#NFLWPW_R+UE_US%:4O^I?_=-9OAO_ )%ZR_ZYB@"]>_\ 'C]
6W...M) 9?(CY_A%
M69/N,/:J=K?P/-]C5LS1QAF'H*3>HU%O8E_?8SN_"@>=NZ\8JM/K5I!)&C2?
M-(V!BM'.5R.]"DF-Q:W*Y>15))Z5GC6X Q!F7 [^M+K5\L5N;>)OW[\*/6LI
M- F-O&&A7=CYJBI9T;2F^S&6YQYDG/%4[C0[N"\DDM2N
MQ^ *ZE5VJ%'84M7[)6L9_6)\USE+GP_
1H;*TTT2>9^_?$GL #_6@#MY?]2_^Z:S?#?\ R+UE
M_P!
_BD6WE'!(P 3VK3\.VBRZ7/+,O\ Q]2R.<]U+''Z5T*/LTV]3#G]HTD9
M\'BR1KT*]N51^ 375),KOM!&<9ZU7NM+M;JV\EXQM XP*Y%8-6T2Z&H3,TL)
M;RV5>H7U_2IM">VC&W*&YW18 @$@$TM<1=3ZQJ#&]MU=([Z%+J01C<
M-=&Y08Y(4\?H!73:;K$-W% C,!.ZY9">0>];5(*RY>AC3D[OFZFI1116!N%%
M%% !1110 5SWB6U^W7&EVQ. T['/_ &KH:R+_#^(=,3NJR2?D /ZU=-VE IKR
M+&,L<5S6C>)7N9?)OE\B7)PK<9HU'5)KC7%T^UPZ>3YC,.W.*%1ES68W55KH
MVKR]5-.N9XOF,<;,!^%<_I6ORV\B07Z;/,C616)]1R*J:O->Z1Y5GL+Q7G[M
MF'.,\?UK:U'PW!?B"3C#.?TQ3X_&,2@RS)B$DX;VKH[VP
M@OXO+F7(JF?#U@8!"8@5'J*I3IM>_N)PFG[NQD2>.++;F,Y*GYOI2V/BSS+D
M"Y39%*?W39ZUH-X6TPJR^4!NZX%23>&[&:WBB(*B+[I'6FY4+62%RU66H]5M
M).D@JQ#=13Y\MLXK&/A2U.,7,ZX]#5.ZL+O1_FT]VD[GS.:S4(2TB]2^:<=6
M=717*VOBA\2)(8KTX)7/M0Z$T.-:+-VBJTU['% TI/"C-
GZ4GVRXVD^9^E7[*1'M4;=%8?VVX(^_^
ME+]LN,J/,ZCTH]E(?M$;=%8QNI\9\SGZ4W[9< '][^E'LI![5&W16)]LN?\
MGI^E'VRY_P">GZ4>QD'M4;=%8GVRY_YZ?I1]LN!UD_2CV,@]JC/\-_\ (V^*
MC_T]1?\ HI:ZNN