Meadow Valley Corp - Amended Statement of Beneficial Ownership (SC 13D/A)
December 28 2007 - 5:03AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 6)*
MEADOW VALLEY CORPORATION
(Name of Issuer)
COMMON STOCK, $0.001 PAR VALUE
(Title of Class of Securities)
583185103
(CUSIP Number of Class of Securities)
CD Capital Management LLC
111 South Wacker Drive, Suite 3950
Chicago, Illinois 60606
Attention: John Ziegelman
Telephone: (312) 803-5010
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
with copy to:
Greenberg Traurig, LLP
77 West Wacker Drive
Chicago, Illinois 60601
Attention: Peter H. Lieberman, Esq.
Telephone: (312) 456-8400
(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.
o
Note: Schedules filed in paper format shall include a signed original and five copies of the
schedule, including all exhibits. See Rule 240.13d-7(b) for other parties to whom copies are to be
sent.
*The remainder of this cover page shall be filled out for a reporting persons initial filing on
this form with respect to the subject class of securities, and for any subsequent amendment
containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be filed
for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject
to the liabilities of that section of the Act but shall be subject to all other provisions of the
Act (however, see the Notes).
TABLE OF CONTENTS
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CUSIP No.
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583185103
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SCHEDULE 13D/A
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Page
2 of 8
Pages
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1
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NAME OF REPORTING PERSON:
CD Capital Management LLC
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)
þ
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(b)
o
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS
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OO
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
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o
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
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7
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SOLE VOTING POWER
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NUMBER OF
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-0- (see Item 5)
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SHARES
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8
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SHARED VOTING POWER
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BENEFICIALLY
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OWNED BY
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401,832 (see Item 5)
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EACH
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9
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SOLE DISPOSITIVE POWER
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REPORTING
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PERSON
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-0- (see Item 5)
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WITH
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10
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SHARED DISPOSITIVE POWER
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401,832 (see Item 5)
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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401,832
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
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o
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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7.8% OF COMMON STOCK
(1)
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14
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TYPE OF REPORTING PERSON
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IA, OO
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(1)
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Based on 5,133,971 shares of
Common Stock of Meadow Valley Corporation outstanding on September 30, 2007, as reported in the Form 10-Q filed by the Issuer on November 8, 2007.
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CUSIP No.
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583185103
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SCHEDULE 13D/A
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Page
3 of 8 Pages
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1
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NAME OF REPORTING PERSON:
John D. Ziegelman
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)
þ
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(b)
o
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS
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OO
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
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o
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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United States
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7
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SOLE VOTING POWER
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NUMBER OF
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-0- (see Item 5)
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SHARES
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8
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SHARED VOTING POWER
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BENEFICIALLY
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OWNED BY
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401,832 (see Item 5)
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EACH
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9
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SOLE DISPOSITIVE POWER
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REPORTING
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PERSON
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-0- (see Item 5)
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WITH
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10
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SHARED DISPOSITIVE POWER
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401,832 (see Item 5)
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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401,832
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
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o
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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7.8% OF COMMON STOCK
(1)
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14
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TYPE OF REPORTING PERSON
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IN
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(1) Based on 5,133,971 shares of Common Stock of Meadow Valley Corporation outstanding on September 30, 2007, as reported in the Form 10-Q filed by the Issuer on November 8, 2007.
SCHEDULE 13D/A
CD
Capital Management LLC, a Delaware limited liability company
(
CD Capital
), and John
D. Ziegelman (
Mr. Ziegelman
, and collectively with CD Capital, the
Reporting
Persons
), are jointly filing this Amendment No. 6 relating to the Statement of Beneficial
Ownership on Schedule 13D, as filed with the Securities and Exchange Commission (the
Commission
) on March 15, 2007, as amended by Amendment No. 1 thereto filed with the
Commission on June 8, 2007, Amendment No. 2 thereto filed with the Commission on October 24, 2007,
Amendment No. 3 thereto filed with the Commission on October 24, 2007, Amendment No. 4 thereto
filed with the Commission on November 6, 2007 and Amendment No. 5 thereto filed with the Commission
on December 21, 2007 (collectively, the
Schedule 13D
).
Except as set forth below, all Items of the Schedule 13D remain unchanged. All capitalized
terms not otherwise defined herein shall have the meanings ascribed to such terms in the Schedule
13D.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Item 3 of the Schedule 13D is hereby amended to add the following information:
Schedule A to this Amendment No. 6 to the Schedule 13D reflects all transactions in securities
of the Issuer that have been made since the filing of Amendment No. 5 to the Schedule 13D. All
purchases and sales of Common Stock reflected on Schedule A to this Amendment No. 6 to the Schedule
13D were made in open market transactions, and in the case of purchases, with investment funds in
accounts under management on behalf of CD Capital, which may, at any given time, include margin
loans made by brokerage firms in the ordinary course of business. The total amount of funds
expended for such purchases reflected on Schedule A to this Amendment No. 6 to the Schedule 13D was
approximately $63,162.67, which was expended entirely by CD Capital. These amounts are in addition
to the amounts previously reported.
The per share price for the purchase of 795 shares of Common Stock on December 20, 2007, which
was reflected on Schedule A to Amendment No. 5, should have
been $12.5551 instead of $12.5606.
ITEM 4. PURPOSE OF TRANSACTION
Item 4 of the Schedule 13D is hereby amended to add the following information:
On December 27, 2007, CD Capital and CD Investment Partners, Ltd. sent two letters to the
Issuer, in accordance with the advance notice requirements contained in the Issuers Bylaws, in
connection with the Issuers 2008 annual meeting of stockholders (including any adjournment
thereof, the
Annual Meeting
): (i) the first of which, nominated Mr. Ziegelman for
election to the Board of Directors of the Issuer (the
Director Nomination Letter
) and
(ii) the second of which, submitted a stockholder proposal to amend the Issuers Bylaws to allow
stockholders to call a special meeting of stockholders and requested that such stockholder proposal
be included in the Issuers proxy materials in connection with the Annual Meeting (the
Stockholder Proposal Letter
). Copies of the Director Nomination Letter and the
Stockholder Proposal Letter are attached hereto as Exhibit 99.9 and Exhibit 99.10, respectively,
and incorporated herein by reference.
PAGE 4 OF 6
PAGES
CD
Investment Partners, Ltd., CD Capital, Mr. Ziegelman, ZPII, L.P., and C3 Management Inc. (the
Participants
) may solicit proxies from all stockholders in support of Mr. Ziegelmans
nomination for election to the Issuers Board of Directors and in support of such stockholder
proposal to amend the Bylaws at the Annual Meeting. In that event, the Participants intend to file
a proxy statement with the Commission to the extent required by law.
THE PARTICIPANTS ADVISE ALL STOCKHOLDERS OF THE ISSUER TO READ THE PROXY STATEMENT AND OTHER
PROXY MATERIALS WHEN AND IF THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.
IN ADDITION, THE PARTICIPANTS IN THE PROXY SOLICITATION WILL PROVIDE COPIES OF THE PROXY STATEMENT
WHEN AND IF AVAILABLE WITHOUT CHARGE UPON REQUEST. ANY SUCH PROXY MATERIALS WILL ALSO BE AVAILABLE
AT NO CHARGE ON THE COMMISSIONS WEBSITE AT HTTP://WWW.SEC.GOV.
The Reporting Persons expressly hereby reaffirm the reservation of all rights, options and
possible future actions heretofore disclosed by them in this Item 4 to the Schedule 13D.
ITEM 5. INTERESTS IN SECURITIES OF THE ISSUER
Item 5 is hereby amended to add the following information:
As a result of the purchases and sales of shares of Common Stock as reflected on Schedule A to
this Amendment No. 6, the aggregate number of shares of Common Stock beneficially owned by the
Reporting Persons increased to 401,832, representing approximately 7.8% of the shares of Common
Stock presently outstanding based upon the 5,133,971 shares of Common Stock reported by the Issuer
to be outstanding as of September 30, 2007 in the Issuers Form 10-Q filed with the Commission on
November 8, 2007.
As a result of the transactions described in this Amendment No. 6 to the Schedule 13D, the
Reporting Persons may be deemed to beneficially own shares of Common Stock as follows:
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Number of
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Approximate
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Shares of
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Percentage of
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Name of Reporting Person
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Common Stock
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Outstanding Shares
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Mr. Ziegelman
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401,832
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7.8
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%
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CD Capital
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401,832
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7.8
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%
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ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Item 7 is hereby amended to add the following:
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Exhibit 99.9
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Director Nomination letter dated December 27, 2007 from CD
Capital and CD Investment Partners, Ltd. to the Issuer.
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Exhibit 99.10
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Stockholder Proposal letter dated December 27, 2007 from CD
Capital and CD Investment Partners, Ltd. to the Issuer.
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PAGE 5 OF 6
PAGES
SIGNATURE
After reasonable inquiry and to the best of each of the undersigneds knowledge and belief,
the undersigned certify that the information set forth in this statement is true, complete and
correct.
DATED: December 27, 2007
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CD CAPITAL MANAGEMENT LLC
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By: ZPII, L.P., its Managing Member
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By: C3 Management Inc., its General Partner
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BY:
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/s/ John D. Ziegelman
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Name: John D. Ziegelman
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Title: President
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/s/ John D. Ziegelman
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JOHN D. ZIEGELMAN
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PAGE 6 OF 6
PAGES
SCHEDULE A
This schedule sets forth information with respect to each purchase and sale of Common Stock
which was effectuated by the Reporting Persons since the filing of Amendment No. 5. All
transactions were effectuated in the open market through a broker.
Purchase (Sale) of Shares effected by CD Capital for the account of CD Investment
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Number of Shares
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Aggregate
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Date
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Purchased (Sold)
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Price Per Share($)
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Price($)
(1)
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12/21/2007
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4,929
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12.8145
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$
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63,162.67
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(1)
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Excludes commissions and other execution-related costs.
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EXHIBIT INDEX
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Exhibit 99.9
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Director Nomination letter dated December 27, 2007 from CD
Capital and CD Investment Partners, Ltd. to the Issuer.
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Exhibit 99.10
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Stockholder Proposal letter dated December 27, 2007 from CD
Capital and CD Investment Partners, Ltd. to the Issuer.
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