sec document
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------
SCHEDULE 13D
(Rule 13d-101)
(Amendment No. 5)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-
1(A) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
Steven Madden, LTD.
-------------------
(Name of Issuer)
Common Stock, Par Value $0.0001 Per Share
-----------------------------------------
(Title of Class of Securities)
556269108
---------
(CUSIP Number)
Mr. James A. Mitarotonda
c/o Barington Companies Equity Partners, L.P.
888 Seventh Avenue, 17th Floor
New York, NY 10019
(212) 974-5700
--------------
(Name, Address and Telephone Number of
Person Authorized to Receive Notices
and Communications)
December 31, 2004
-----------------
(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 Rule 13d-1(e), 13d-1(f), or 13d-1(g), check the following
box: |_|.
SCHEDULE 13D
CUSIP NO. 556269108
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Barington Companies Equity Partners, L.P. 13-4088890
--------------------------------------------------------------------------------
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
NUMBER OF 288,937
SHARES --------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH --------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 288,937
WITH --------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
288,937
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.21%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP NO. 556269108
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Barington Companies Investros, LLC 13-4126527
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/
(b) |_|
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS 00
--------------------------------------------------------------------------------
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
NUMBER OF 288,937
SHARES --------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH --------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 288,937
WITH --------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
288,937
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.21%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
00
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP NO. 556269108
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
James Mitarotonda
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/
(b) |_|
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS 00
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 337,472
SHARES --------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH --------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 337,472
WITH --------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
337,472
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.58%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP NO. 556269108
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Barington Companies Offshore Fund, Ltd. (BVI)
--------------------------------------------------------------------------------
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
British Virgin Islands
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 48,535
SHARES --------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH --------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 48,535
WITH --------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
48,535
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.37%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
00
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP NO. 556269108
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Barington Companies Advisors, LLC 20-0327470
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/
(b) |_|
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS 00
--------------------------------------------------------------------------------
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
NUMBER OF 48,535
SHARES --------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH --------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 48,535
WITH --------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
48,535
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.37%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
00
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP NO. 556269108
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Barington Capital Group, L.P. 13-3635132
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/
(b) |_|
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS 00
--------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E) |_|
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 337,472
SHARES --------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH --------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 337,472
WITH --------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
337,472
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.58%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP NO. 556269108
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
LNA Capital Corp. 13-3635168
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/
(b) |_|
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS 00
--------------------------------------------------------------------------------
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
NUMBER OF 337,472
SHARES --------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH --------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 337,472
WITH --------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
337,472
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.58%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
C0
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP NO. 556269108
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Parche, LLC 20-0870632
--------------------------------------------------------------------------------
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
NUMBER OF 105,496
SHARES --------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH --------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 105,496
WITH --------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
105,496
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.81%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
00
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP NO. 556269108
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 00
--------------------------------------------------------------------------------
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
NUMBER OF 659,348
SHARES --------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH --------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 659,348
WITH --------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
659,348
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.05%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
00
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP NO. 556269108
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 00
--------------------------------------------------------------------------------
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
NUMBER OF 659,348
SHARES --------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH --------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 659,348
WITH --------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
659,348
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.05%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
00
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP NO. 556269108
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 00
--------------------------------------------------------------------------------
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
NUMBER OF 659,348
SHARES --------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH --------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 659,348
WITH --------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
659,348
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.05%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
00
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP NO. 556269108
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
NUMBER OF 553,852
SHARES --------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH --------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 553,852
WITH --------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
553,852
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.24%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
00
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP NO. 556269108
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 00
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF none
SHARES --------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 659,348
EACH --------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON none
WITH --------------------------------------------------------
10) SHARED DISPOSITIVE POWER
659,348
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
659,348
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.05%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP NO. 556269108
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 00
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF none
SHARES --------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 659,348
EACH --------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON none
WITH --------------------------------------------------------
10) SHARED DISPOSITIVE POWER
659,348
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
659,348
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.05%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP NO. 556269108
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 00
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF none
SHARES --------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 659,348
EACH --------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON none
WITH --------------------------------------------------------
10) SHARED DISPOSITIVE POWER
659,348
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
659,348
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.05%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP NO. 556269108
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 00
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF none
SHARES --------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 659,348
EACH --------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON none
WITH --------------------------------------------------------
10) SHARED DISPOSITIVE POWER
659,348
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
659,348
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.05%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP NO. 556269108
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
RJG Capital Partners, LP 20-0133443
--------------------------------------------------------------------------------
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
NUMBER OF 8,600
SHARES --------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH --------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 8,600
WITH --------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,600
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.066%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP NO. 556269108
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
RJG Capital Management, LLC 20-0027325
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/
(b) |_|
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS 00
--------------------------------------------------------------------------------
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
NUMBER OF 8,600
SHARES --------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH --------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 8,600
WITH --------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,600
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.066%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
00
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP NO. 556269108
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ronald Gross
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/
(b) |_|
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS 00
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 8,600
SHARES --------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH --------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 8,600
WITH --------------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,600
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.066%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
This Amendment No. 5 amends and supplements the Schedule 13D filed with the
Securities and Exchange Commission on July 30, 2004, as amended by that certain
Amendment No. 1 filed on November 12, 2004, that certain Amendment No. 2 filed
on November 18, 2004, that certain Amendment No. 3 filed on December 13, 2004
and that certain Amendment No. 4 filed on December 20, 2004 (together, the
"Statement"), by and on behalf of Barington Companies Equity Partners, L.P.
("Barington LP"), Barington Companies Investors, LLC, James Mitarotonda,
Barington Companies Offshore Fund, Ltd. (BVI), Barington Companies Advisors,
LLC, Barington Capital Group, L.P., LNA Capital Corp., Parche, LLC, Starboard
Value & Opportunity Fund, LLC, Admiral Advisors, LLC, Ramius Capital Group, LLC,
C4S & Co., LLC, Peter A. Cohen, Morgan B. Stark, Jeffrey M. Solomon, Thomas W.
Strauss, RJG Capital Partners, LP, RJG Capital Management, LLC and Ronald Gross
with respect to the common stock, par value $0.0001 per share, of Steven Madden,
Ltd., a Delaware corporation (the "Company"). The principal executive offices of
the Company are located at 52-16 Barnett Avenue, Long Island City, New York
11104.
Item 4. PURPOSE OF TRANSACTION.
The information contained in Item 4 of the Statement is hereby supplemented
as follows:
On December 31, 2004, Barington LP delivered a letter to the Company
requesting, pursuant to Section 220 of the Delaware General Corporation Law and
the common law of the State of Delaware, a listing of the Company's stockholders
and other related corporate records in order to allow the Reporting Entities to
communicate with the Company's stockholders on several operational,
compensation, financial and corporate governance issues pertaining to the
Company, including but not limited to the performance of the Company under the
stewardship of Jamieson Karson, its Chief Executive Officer, as well as in
connection with the election of directors at the Company's next annual meeting
of stockholders and any other matters that may properly come before such
meeting. A copy of this letter is attached hereto as Exhibit 99.6 and is
incorporated herein by reference.
Item 7. MATERIAL TO BE FILED AS EXHIBITS.
Item 7 is hereby amended to add the following exhibit:
99.6 Letter from Barington Companies Equity Partners, L.P. to the
Corporate Secretary of Steven Madden, Ltd., dated December 31, 2004,
requesting a listing of the Company's stockholders and other related
corporate records.
SIGNATURES
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certify that the information set forth in this
Statement is true, complete and correct.
Dated: January 3, 2004
BARINGTON COMPANIES EQUITY PARTNERS, L.P.
By: Barington Companies Investors, LLC,
its general partner
By: /s/ James A. Mitarotonda
---------------------------------------
Name: James A. Mitarotonda
Title: Managing Member
BARINGTON COMPANIES INVESTORS, LLC
By: /s/ James A. Mitarotonda
---------------------------------------
Name: James A. Mitarotonda
Title: Managing Member
By: /s/ James A. Mitarotonda
---------------------------------------
James A. Mitarotonda
BARINGTON COMPANIES OFFSHORE
FUND, LTD. (BVI)
By: /s/ James A. Mitarotonda
---------------------------------------
Name: James A. Mitarotonda
Title: President
BARINGTON COMPANIES ADVISORS, LLC
By: Barington Capital Group, L.P., its
managing member
By: LNA Capital Corp., its general
partner
By: /s/ James A. Mitarotonda
---------------------------------------
Name: James A. Mitarotonda
Title: President and Chief Executive Officer
BARINGTON CAPITAL GROUP, L.P.
By: LNA Capital Corp., its general
partner
By: /s/ James A. Mitarotonda
---------------------------------------
Name: James A. Mitarotonda
Title: President and Chief Executive Officer
LNA CAPITAL CORP.
By: /s/ James A. Mitarotonda
---------------------------------------
Name: James A. Mitarotonda
Title: President and Chief Executive Officer
PARCHE, LLC
By: Admiral Advisors, LLC, its managing
member
By: /s/ Jeffrey M. Solomon
-----------------------------------
Name: Jeffrey M. Solomon
Title: Authorized Signatory
STARBOARD VALUE & OPPORTUNITY FUND, LLC
By: Admiral Advisors, LLC, its managing
member
By: /s/ Jeffrey M. Solomon
-----------------------------------
Name: Jeffrey M. Solomon
Title: Authorized Signatory
ADMIRAL ADVISORS, LLC
By: Ramius Capital Group, LLC, its
sole member
By: /s/ Jeffrey M. Solomon
-----------------------------------
Name: Jeffrey M. Solomon
Title: Authorized Signatory
RAMIUS CAPITAL GROUP, LLC
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
/s/ Peter A. Cohen
--------------------------------
Peter A. Cohen
/s/ Morgan B. Stark
--------------------------------
Morgan B. Stark
/s/ Jeffrey M. Solomon
--------------------------------
Jeffrey M. Solomon
/s/ Thomas W. Strauss
--------------------------------
Thomas W. Strauss
RJG CAPITAL PARTNERS, LP
By: RJG Capital Management, LLC,
its general partner
By: /s/ Ronald J. Gross
------------------------------
Name: Ronald J. Gross
Title: Managing Member
RJG CAPITAL MANAGEMENT, LLC
By: /s/ Ronald J. Gross
------------------------------
Name: Ronald J. Gross
Title: Managing Member
/s/ Ronald J. Gross
----------------------------------
Ronald J. Gross
EXHIBIT INDEX
99.1 Agreement of Joint Filing among Barington Companies Equity Partners,
L.P., Barington Companies Investors, LLC, James Mitarotonda, Barington
Companies Offshore Fund, Ltd., Barington Companies Advisors, LLC,
Barington Capital Group, L.P., LNA Capital Corp., Parche, LLC, Admiral
Advisors, LLC, Ramius Capital Group, LLC, C4S & Co., LLC, Peter A. Cohen,
Morgan B. Stark, Jeffrey M. Solomon, Thomas W. Strauss, Starboard Value &
Opportunity Fund, LLC, RJG Capital Partners, LP, RJG Capital Management,
LLC and Ronald Gross dated December 13, 2004 (previously filed).
99.2 Letter from James A. Mitarotonda of Barington Capital Group, L.P. to
Jamieson A. Karson, Vice Chairman and Chief Executive Officer of Steven
Madden, Ltd., dated November 5, 2004.(previously filed).
99.3 Letter from James A. Mitarotonda of Barington Capital Group, L.P. to
Jamieson A. Karson, Vice Chairman and Chief Executive Officer of Steven
Madden, Ltd., dated November 16, 2004 (previously filed).
99.4 Letter from James A. Mitarotonda of Barington Capital Group, L.P. to each
of the outside members of the Board of Directors of Steven Madden, Ltd.,
dated December 13, 2004 (previously filed).
99.5 Press Release dated December 16, 2004 (previously filed).
99.6 Letter from Barington Companies Equity Partners, L.P. to the Corporate
Secretary of Steven Madden, Ltd., dated December 31, 2004, requesting a
listing of the Company's stockholders and other related corporate records
(pages 27 to 30).
EXHIBIT 99.6
BARINGTON COMPANIES EQUITY PARTNERS, L.P.
888 SEVENTH AVENUE, 17TH FLOOR
NEW YORK, NEW YORK 10019
December 31, 2004
VIA FACSIMILE AND COURIER
Steven Madden, Ltd.
52-16 Barnett Avenue
Long Island City, NY 11104
Attn: Corporate Secretary
Re: INSPECTION OF BOOKS AND RECORDS
Dear Sir or Madam:
Barington Companies Equity Partners, L.P. ("Barington") is the holder
of record of 1,000 shares (the "Shares") of common stock, $0.0001 par value (the
"Common Stock"), of Steven Madden, Ltd., a Delaware corporation (the "Company").
As the record owner of the Shares, Barington hereby demands, pursuant
to Section 220 of the Delaware General Corporation Law and the common law of the
State of Delaware, during the usual hours for business, to inspect the following
books, records and documents of the Company and to make copies or extracts
therefrom:
(a) a complete list of the Company's stockholders of record,
certified by its transfer agent(s) and/or registrar(s), showing the
name, address and number of shares registered in the name of each such
stockholder;
(b) a magnetic computer tape list of the holders of the Common
Stock, showing the name, address and number of shares registered in
the name of each such holder, such computer processing data as is
necessary for Barington to make use of such magnetic computer tape,
and a hard copy printout of such magnetic computer tape for
verification purposes;
(c) all daily transfer sheets now or hereafter in the Company's
or its transfer agent's possession or control, or which can reasonably
be obtained from brokers, dealers, banks, clearing agencies, voting
trustees or their nominees, showing the changes in the list of
stockholders of the Company referred to in item (a) above from the
date hereof through the Record Date (as defined below);
(d) all information and listings now or hereinafter in the
Company's or its transfer agent's possession or control, or which can
reasonably be obtained from nominees of any central certificate
depository systems or their nominees, brokers, dealers, banks,
respondent banks, clearing agencies, voting trusts and their nominees
or other nominees, concerning the number, identity of, and shares held
by the actual beneficial owners of the Common Stock, including,
without limitation, banks, brokers, dealers and other financial
institutions who own Common Stock for their own or their customers
account, any holdings in the respective names of Cede & Co. and other
similar depositories or nominees as well as any material request list
provided by Automatic Data Processing-Investor Communications
Services, any omnibus proxies issued by such entities and all DTC
Participant listings, and all such listings or other information which
is in electronic form shall be provided to the undersigned or its
agents simultaneously with the time it is made available to the
Company or its agents, further, if the Company or its agents is
authorized to have online access to the depository trust company
security position listings then MacKenzie Partners, Inc., as
Barington's agent, shall be given equivalent access;
(e) all information now or hereinafter in the Company's
possession or control or which can reasonably be obtained from
brokers, dealers, banks, clearing agencies, voting trustees or their
nominees, relating to the names of the non-objecting beneficial owners
of the Common Stock (commonly referred to as a "NOBO" list) whose
shares are held by brokers, dealers, banks, clearing agencies, voting
trustees or their nominees in the format of a magnetic computer tape
or cartridge file of such owners showing the name, address and number
of shares registered in the name of each such owner in descending
balance order, such computer processing data as is necessary for
Barington to make use of such magnetic computer tape or cartridge, and
a hard copy printout of such magnetic computer tape or cartridge for
verification purposes (such information with respect to brokers and
dealers is readily available to the Company under Rule 14b-1 and/or
Rule 14b-2 of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), from ADP Proxy Services, or otherwise);
(f) all "respondent bank" lists and omnibus proxies for such
lists, pursuant to Rule 14b-2 of the Exchange Act;
(g) a list of stockholders of the Company who are participants in
any Company employee stock ownership, stock purchase, stock option,
retirement, restricted stock, incentive, profit sharing, dividend
reinvestment or any similar plan in which voting of Common Stock under
the plan is controlled, directly or indirectly, individually or
collectively, by such plan's participants, showing (i) the name and
address of each such participant, (ii) the number of shares of Common
Stock attributable to each such participant in any such plan, and
(iii) the method by which the Barington Entities (as hereinafter
defined) or their agents may communicate with each such participant;
and
(h) a correct and complete copy of the bylaws of the Company, as
in effect now and as amended from time to time, and any rules and
regulations of the Company regarding the nomination and election of
directors, stockholder proposals and the conduct of the Company's
annual meeting of stockholders.
Each item is requested to be complete and correct as of the date
hereof. In addition, Barington demands that modifications, additions and
deletions to any and all information referred to in items (a) through (h) above
be furnished to Barington as soon as such modifications, additions and deletions
become available to the Company or its agents or representatives. This letter
shall also serve as Barington's demand to inspect and copy each item set forth
above reflecting data as of the record date for the Company's next annual
meeting of stockholders (the "Record Date").
Barington will bear the reasonable costs incurred by the Company
including those of its transfer agent(s) or registrar(s) in connection with the
production of the information demanded.
Please note that the Barington has jointly filed a Schedule 13D with
certain other entities (together with Barington, collectively, the "Barington
Entities") pursuant to a joint filing agreement. Reference is made to Amendment
No. 3 to the Schedule 13D, as it may be amended from time to time, for
additional information regarding the Barington Entities.
The purpose of this demand is to enable the Barington Entities to
communicate with the Company's stockholders on several operational,
compensation, financial and corporate governance issues pertaining to the
Company, including but not limited to the performance of the Company under the
stewardship of Jamieson Karson, its Chief Executive Officer, as well as in
connection with the election of directors at the Company's next annual meeting
of stockholders and any other matters that may properly come before such
meeting.
Barington hereby designates and authorizes Olshan Grundman Frome
Rosenzweig & Wolosky LLP and MacKenzie Partners, Inc. and their partners,
employees, agents and any other persons to be designated by them, acting singly
or in any combination, to act as its agents and conduct the inspection and
copying herein requested on our behalf. Please advise Steven Wolosky, Esq. (tel:
212-451-2333) or Adam Finerman, Esq. (tel. 212-451-2289) of Olshan Grundman
Frome Rosenzweig & Wolosky LLP as to when and where the items demanded above
will be available. It is requested that the information identified above be made
available as promptly as practicable and, in any event, no later than January 7,
2005.
Very truly yours,
BARINGTON COMPANIES EQUITY PARTNERS, L.P.
By: Barington Companies Investors, LLC, its General
Partner
By: /s/ James A. Mitarotonda
---------------------------------
James A. Mitarotonda
Managing Member
State of New York )
) ss:
County of New York )
JAMES A. MITAROTONDA, being duly sworn, states that he executed the
foregoing letter, that he is the Managing Member of Barington Companies
Investors, LLC, the General Partner of Barington Companies Equity Partners, L.P.
("Barington"), that he is authorized to make the foregoing demand for inspection
on behalf of and as the act and deed of Barington, and that the information and
facts stated therein, including Barington's record ownership and the purpose of
this demand for inspection, are true and correct. Such inspection is reasonably
related to Barington's interest as a stockholder and is not desired for a
purpose which is in the interest of a business or object other than the business
of Steven Madden, Ltd.
/s/ James A. Mitarotonda
------------------------
James A. Mitarotonda
Subscribed and sworn to before me
this 31st day of December, 2004.
/s/ Stuart D. Appelson
---------------------------
Notary Public
My commission expires: January 21, 2006