sec document
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
--------------
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT TO RULE 13d-1(a) AND AMENDMENTS
THERETO FILED PURSUANT TO RULE 13d-2(a)
(Amendment No. )(1)
La-Z Boy Incorporated
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(Name of issuer)
COMMON STOCK, $1.00 PAR VALUE
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(Title of class of securities)
505336 10 7
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(CUSIP number)
STEVEN WOLOSKY, ESQ.
OLSHAN GRUNDMAN FROME ROSENZWEIG & WOLOSKY LLP
Park Avenue Tower
65 East 55th Street
New York, New York 10022
(212) 451-2300
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(Name, address and telephone number of person
authorized to receive notices and communications)
February 1, 2007
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(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 that 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 / /.
NOTE. The Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits. SEE Rule
13d-7(b) for other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 17 Pages)
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(1) 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 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).
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CUSIP No. 505336 10 7 13D Page 2 of 17 Pages
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================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
MLF Investments, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
AF, OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 0 shares
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 3,014,475 shares
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0 shares
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,014,475 shares
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
3,014,475 shares
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.9%
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14 TYPE OF REPORTING PERSON*
OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 505336 10 7 13D Page 3 of 17 Pages
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================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
MLF Offshore Portfolio Company, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 0 shares
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 3,014,475 shares
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0 shares
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,014,475 shares
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
3,014,475 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.9%
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14 TYPE OF REPORTING PERSON*
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 505336 10 7 13D Page 4 of 17 Pages
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================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
MLF Cayman GP, Ltd.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
AF, OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 0 shares
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 3,014,475 shares
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0 shares
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,014,475 shares
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
3,014,475 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.9%
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14 TYPE OF REPORTING PERSON*
CO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 505336 10 7 13D Page 5 of 17 Pages
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================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
MLF Capital Management, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
AF, OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 0 shares
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 3,014,475 shares
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0 shares
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,014,475 shares
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
3,014,475 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.9%
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14 TYPE OF REPORTING PERSON*
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 505336 10 7 13D Page 6 of 17 Pages
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================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
MLF Holdings, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
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3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF, OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 0 shares
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 3,014,475 shares
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0 shares
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,014,475 shares
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
3,014,475 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 505336 10 7 13D Page 7 of 17 Pages
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================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Matthew L. Feshbach
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
AF, OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 0 shares
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 3,014,475 shares
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0 shares
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,014,475 shares
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
3,014,475 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 505336 10 7 13D Page 8 of 17 Pages
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The following constitutes the Schedule 13D filed by the undersigned (the
"Schedule 13D").
Item 1. SECURITY AND ISSUER.
This statement relates to shares of the Common Stock, par value
$1.00 (the "Shares"), of La-Z-Boy Incorporated. (the "Issuer"). The address of
the principal executive offices of the Issuer is 1284 North Telegraph Road,
Monroe, Michigan, 48162-3390.
Item 2. IDENTITY AND BACKGROUND.
This Schedule 13D is filed by MLF Investments, LLC ("MLFI"), MLF
Offshore Portfolio Company, L.P. ("MLF Offshore"), MLF Cayman GP, Ltd. ("MLF
Cayman"), MLF Capital Management, L.P. ("MLF Capital"), MLF Holdings, LLC ("MLF
Holdings") and Matthew L. Feshbach (each a "Reporting Person" and together, the
"Reporting Persons"), who act as a group with regards to certain aspects of the
Shares
MLF Offshore is a limited partnership organized and existing under
the laws of the Cayman Islands. The principal business of MLF Offshore is
private investment consulting. MLF Cayman is a corporation organized and
existing under the laws of the Cayman Islands. The principal business of MLF
Cayman is private investment consulting and acting as the general partner of MLF
Offshore. MLF Capital is a limited partnership organized and existing under the
laws of the State of Delaware. The principal business of MLF Capital is private
investing and acting as manager of MLF Cayman. MLF Holdings is a limited
liability company, organized and existing under the laws of the state of
Delaware. The principal business of MLF Holdings is private investment and
acting as the general partner of MLF Capital. The business address of MLF
Offshore and MLF Cayman is c/o Trident Trust Company (Cayman) Ltd., One Capital
Place, P.O. Box 847, Grand Cayman, Cayman Islands, B.W.I. MLF Capital is the
manager and sole shareholder of MLF Cayman. The business address of MLF Capital
and MLF Holdings is 455 N. Indian Rocks Road, Suite B, Belleair Bluffs, Florida
33770.
MLFI is a limited liability company, organized and existing under
the laws of the State of Delaware. The principal business of MLFI is private
investment consulting and acting as the investment advisor of MLF Offshore. The
business address of MLFI is 455 N. Indian Rocks Road, Suite B, Belleair Bluffs,
Florida 33770.
Matthew L. Feshbach is an individual whose business address is 455
N. Indian Rocks Road, Suite B, Belleair Bluffs, Florida 33770. His principal
occupation is managing member of each of MLFI and MLF Holdings. Mr. Feshbach is
a citizen of the United States of America.
During the last five years, none of MLFI, MLF Offshore, MLF Cayman,
MLF Capital, MLF Holdings, or Mr. Feshbach has been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors). In addition,
during the last five years, none of MLFI, MLF Offshore, MLF Cayman, MLF Capital,
MLF Holdings or Mr. Feshbach has been a party to a civil proceeding of any
judicial or administrative body of competent jurisdiction as a result of which
it or he was or is subject to a judgment, decree, or final order enjoining
future violations of, or prohibiting or mandating activities subject to, federal
or state securities laws or finding any violation with respect to such laws.
Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
As of February 12, 2007, MLF Offshore owned 3,014,475 Shares of the
Issuer. MLFI, Mr. Feshbach, MLF Cayman, MLF Holdings, and MLF Capital may be
deemed to beneficially own the Shares owned by MLF Offshore. The funds used to
purchase such Shares came from the working capital of MLF Offshore. The
aggregate cost of such Shares is approximately $36,933,033.
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CUSIP No. 505336 10 7 13D Page 9 of 17 Pages
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Item 4. PURPOSE OF TRANSACTION.
The Reporting Persons are holding the Shares for investment purposes
based on the Reporting Persons' belief that the Shares are undervalued and
represent an attractive investment opportunity. Depending upon overall market
conditions, other investment opportunities available to the Reporting Persons,
and the availability of Shares at prices that would make the purchase of
additional Shares desirable, the Reporting Persons may endeavor to increase
their position in the Issuer through, among other things, the purchase of Shares
on the open market or in private transactions or otherwise, on such terms and at
such times as the Reporting Persons may deem advisable.
The Reporting Persons support the Issuer's management and their
plans and programs of focusing on the La-Z-Boy(R) brand, improving manufacturing
efficiency and maximizing the potential of its distribution network, the
La-Z-Boy Furniture Galleries(R).
No Reporting Person has any present plan or proposal which would
relate to or result in any of the matters set forth in subparagraphs (a) - (j)
of Item 4 of Schedule 13D except as set forth herein. It is the Reporting
Persons' intention, however, to offer to help the Issuer strategically if such
opportunities present themselves. The Reporting Persons may in the future take
such actions with respect to its investment in the Issuer as it deems
appropriate including, without limitation, seeking more Board representation,
making proposals to the Issuer concerning changes to the capitalization,
ownership structure or operations of the Issuer, purchasing additional Shares,
selling some or all of its Shares, engaging in short selling of or any hedging
or similar transaction with respect to the Shares or changing its intention with
respect to any and all matters referred to in Item 4.
Item 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) The aggregate percentage of Shares reported owned by each person
named herein is based upon 51,364,209 Shares outstanding as of October 28, 2006,
which is the total number of Shares outstanding as reported in the Issuer's
Quarterly Report on Form 10-Q, for the quarterly period ended October 28, 2006,
as filed with the Securities and Exchange Commission on November 14, 2006.
As of the close of business on February 12, 2007, each of MLFI, MLF
Offshore, MLF Cayman, MLF Holdings and MLF Capital beneficially owned 3,014,475
Shares, constituting approximately 5.9% of the Shares outstanding.
(b) Each of Mr. Feshbach, MLFI, MLF Offshore, MLF Cayman, MLF
Holdings and MLF Capital share the power to vote and dispose or to direct the
vote and disposition of 3,014,475 Shares, or 5.9% of the Shares outstanding.
(c) Schedule A annexed hereto lists all transactions in the Shares
during the past sixty days by the Reporting Persons. All of such transactions
were effected in the open market.
(d) No person other than the Reporting Persons is known to have the
right to receive, or the power to direct the receipt of dividends from, or
proceeds from the sale of, the Shares.
(e) Not applicable.
Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
Other than as described herein, there are no contracts,
arrangements, understandings or relationships among the Reporting Persons, or
between the Reporting Persons and any other person, with respect to the
securities of the Issuer.
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CUSIP No. 505336 10 7 13D Page 10 of 17 Pages
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Item 7. MATERIAL TO BE FILED AS EXHIBITS.
1. Joint Filing Agreement by and among MLF Investments, LLC, MLF
Offshore Portfolio Company, L.P., MLF Cayman GP, Ltd., MLF
Capital Management, L.P., MLF Holdings, LLC and Matthew L.
Feshbach, dated February 12, 2007
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CUSIP No. 505336 10 7 13D Page 11 of 17 Pages
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SIGNATURES
After reasonable inquiry and to the best of his knowledge and belief, each
of the undersigned certifies that the information set forth in this statement is
true, complete and correct.
Dated: February 12, 2007
/s/ Matthew L. Feshbach
------------------------------------
MATTHEW L. FESHBACH
MLF INVESTMENTS, LLC
By: /s/ Matthew L. Feshbach
--------------------------------
Name: Matthew L. Feshbach
Title: Managing Member
MLF OFFSHORE PORTFOLIO COMPANY, L.P.
By: MLF Cayman GP, Ltd.
Title: General Partner
By: MLF Capital Management, L.P.
Sole shareholder
By: MLF Holdings, LLC
General Partner
By: /s/ Matthew L. Feshbach
--------------------------------
Name: Matthew L. Feshbach
Title: Managing Member
MLF CAYMAN GP, LTD.
By: MLF Capital Management, L.P.
Sole shareholder
By: MLF Holdings, LLC
General Partner
By: /s/ Matthew L. Feshbach
--------------------------------
Name: Matthew L. Feshbach
Title: Managing Member
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CUSIP No. 505336 10 7 13D Page 12 of 17 Pages
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MLF CAPITAL MANAGEMENT, L.P.
By: MLF Holdings, LLC
General Partner
By: /s/ Matthew L. Feshbach
--------------------------------
Name: Matthew L. Feshbach
Title: Managing Member
MLF HOLDINGS, LLC
By: /s/ Matthew L. Feshbach
--------------------------------
Name: Matthew L. Feshbach
Title: Managing Member
- ------------------------ ----------------------
CUSIP No. 505336 10 7 13D Page 13 of 17 Pages
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SCHEDULE A
----------
Transactions in the Shares During the Past 60 Days
--------------------------------------------------
TRANSACTIONS BY MLF OFFSHORE PORTFOLIO COMPANY, L.P.
- --------------------------------------------------------------------------------
Shares of Common Stock Price Per Share ($) Date of Purchase
Purchased
- -----------------------------------------------------------------------------
100,000 11.3642 12/18/06
200,000 11.3860 12/19/06
100,000 11.3891 12/20/06
62,500 11.5044 12/21/06
64,800 11.6435 12/22/06
72,700 11.9219 12/26/06
31,821 11.8755 12/26/06
100,000 11.9135 12/27/06
27,700 11.9305 12/28/06
200,000 11.8975 12/29/06
100,000 11.8656 01/03/07
100,000 12.0023 01/03/07
100,000 11.5513 01/04/07
100,000 11.6777 01/05/07
32,100 11.5494 01/08/07
100,000 11.8303 01/09/07
140,432 11.9674 01/10/07
200,000 12.3404 01/11/07
200,000 12.7077 01/12/07
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CUSIP No. 505336 10 7 13D Page 14 of 17 Pages
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100,000 12.4134 01/16/07
100,000 12.4435 01/17/07
100,000 12.3803 01/18/07
20,822 12.5220 01/19/07
20,000 12.2589 01/22/07
44,400 12.4601 01/24/07
15,700 12.5225 01/25/07
60,000 12.4558 01/26/07
85,000 12.9342 02/01/07
60,000 13.1367 02/02/07
65,000 13.3249 02/06/07
167,000 13.4824 02/07/07
100,000 13.5344 02/08/07
23,300 13.4665 02/09/07
21,200 13.5586 02/12/07
MLF INVESTMENTS, LLC
None
MLF CAYMAN GP, LTD.
None
MLF CAPITAL MANAGEMENT, L.P.
None
MLF HOLDINGS, LLC
None
MATTHEW L. FESHBACH
None
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CUSIP No. 505336 10 7 13D Page 15 of 17 Pages
- ------------------------ ----------------------
Exhibit Index
Exhibit Page
------- ----
1. Joint Filing Agreement by and among MLF Investments, LLC, MLF 16
Offshore Portfolio Company, L.P., MLF Cayman GP, Ltd., MLF
Capital Management, L.P., MLF Holdings, LLC and Matthew L.
Feshbach, dated February 12, 2007.
- ------------------------ ----------------------
CUSIP No. 505336 10 7 13D Page 16 of 17 Pages
- ------------------------ ----------------------
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k)(1)(iii) under the Securities
Exchange Act of 1934, as amended, the persons named below agree to the joint
filing on behalf of each of them of a Statement on Schedule 13D dated February
12, 2007 (including amendments thereto) with respect to the Common Stock of
La-Z-Boy Incorporated. This Joint Filing Agreement shall be filed as an Exhibit
to such Statement.
Dated: February 12, 2007
/s/ Matthew L. Feshbach
------------------------------------
MATTHEW L. FESHBACH
MLF INVESTMENTS, LLC
By: /s/ Matthew L. Feshbach
--------------------------------
Name: Matthew L. Feshbach
Title: Managing Member
MLF OFFSHORE PORTFOLIO COMPANY, L.P.
By: MLF Cayman GP, Ltd.
Title: General Partner
By: MLF Capital Management, L.P.
Sole shareholder
By: MLF Holdings, LLC
General Partner
By: /s/ Matthew L. Feshbach
--------------------------------
Name: Matthew L. Feshbach
Title: Managing Member
MLF CAYMAN GP, LTD.
By: MLF Capital Management, L.P.
Sole shareholder
By: MLF Holdings, LLC
General Partner
By: /s/ Matthew L. Feshbach
--------------------------------
Name: Matthew L. Feshbach
Title: Managing Member
- ------------------------ ----------------------
CUSIP No. 505336 10 7 13D Page 17 of 17 Pages
- ------------------------ ----------------------
MLF CAPITAL MANAGEMENT, L.P.
By: MLF Holdings, LLC
General Partner
By: /s/ Matthew L. Feshbach
--------------------------------
Name: Matthew L. Feshbach
Title: Managing Member
MLF HOLDINGS, LLC
By: /s/ Matthew L. Feshbach
--------------------------------
Name: Matthew L. Feshbach
Title: Managing Member