Kurt M. Swenson (7) ** *Pamela G. Sheiffer** AME AND ADDRESS OF BENEFICIAL OWNER (1) – 5,000 – PERCENT OF CLASS NUMBER (2) 15,000 38.8% 6.5% 144,875 Kevin C. Swenson (6)47 Straws Point RoadRye, NH 03870 – Kuby Gottlieb Special Value Fund, LP(4)20 North Wacker Drive, Suite1416Chicago, IL 60606 3.2% 35,000 – Robert Pope46 Grand View Farm RoadBarre, VT 05641-8335 – 17.5% NUMBER *Frederick E. Webster Jr.** – *James L. Fox** 29,126 1,005,000 1,023,489 5.3% Dimensional Fund Advisors, Inc (5) 1299 Ocean Avenue Santa Monica, CA 90401 1,063,252 – 159,875 – 19.5%Richard C. Kimball ** 39.3% – 29,126 29,200 – 5,000 – North Star Investment Management Corp. (3)20 North Wacker Drive, Suite 1416Chicago, IL 60606 22.9% – 45,000 739,551 8.8% 15.4% 1.1% 312,531 *All directors and executive officers as a group (9 persons) – – – SHARES OF CLASS B COMMON STOCK BENEFICIALLY OWNED 38.6% – 72,126 – PERCENT OF CLASS (2) *Laura A. Plude (10)** Rock of Ages Corporation,Rock of Ages Corporation (NASDAQ:ROAC), based in Barre, announced Monday that it has entered into a definitive merger agreement with Swenson Granite Company LLC, based in Concord, NH. Shareholders of Rock of Ages will receive $5.25 per share in cash, valued at about $39 million, and Swenson Granite will acquire 100 percent ownership of Rock of Ages.What this means for employment in Vermont is unknown at this time. Rock of Ages employs 230, according to Vermont Business Magazine. Net revenues in 2009 were $21,682,316. Net income was $802,324, or $.11 per share. The company lost over $2 million in 2008, or $.28 per share. Rock of Ages stock went up nearly 26 percent following the announcement on Monday, up $1.06 to $5.16. Its 52-week high-low is $2.65-$5.16. In May, Swenson Granite offered an unsolicited bid of $4.38 per share. At least one shareholder balked at the sale. Rock of Ages reported in an SEC filing following the merger announcement in May that: “A purported shareholder of Rock of Ages has commenced a purported class action lawsuit against Rock of Ages.” The shareholder was unnamed. However, institutional investors North Star Investment Management Corp and Kuby Gottlieb Special Value Fund, LP of Chicago, which own together 24.2 percent of the Class A shares, sent a letter in June (SEE BELOW) to the Rock of Ages board suggesting that the initial proposal undervalued the company, whose financial situation had rebounded somewhat in the last year. Peter Gottlieb and Eric Kuby subsequently sent a letter to the Board Tuesday (October 19, 2010) lending their approval to the sale. Kuby Gottlieb wrote in part: “Whereas we recognize that the proposal offers liquidity and premium to the previously depressed stock price, we believe that the true value of the company is substantially higher. We have been patient investors in the company for almost nine years and believe that the company is finally in a position to generate the levels of profits that initially attracted us to their shares.”Rock of Ages announced on August 10 that net income for the second quarter of 2010 increased 9 percent to $1,561,000, or $.21 per share, which included costs associated with “the exploration of strategic options” and shareholder lawsuit expenses of $493,000, or $0.07 per share. For the second quarter of 2009, net income was $1,433,000, or $.19 per share. Revenue for this year’s second quarter increased 2 percent to $14,663,000 compared to $14,424,000 for the second quarter of 2009.Swenson Granite’s Chairman Kurt Swenson is the former CEO of Rock of Ages and is its non-executive board chairman. Kurt Swenson and his brother Kevin Swenson are the largest individual shareholders, representing nearly 40 percent of voting shares. Together and with other associates they control about 81 percent of the voting shares. Swenson Granite had been Rock of Ages’ parent company until the company went private in 1997 under the Rock of Ages tradename and based in Barre. In a statement announcing the deal, the company said: “The Rock of Ages Board of Directors, based in part on the unanimous recommendation of a special committee of three Rock of Ages independent directors, unanimously adopted, and recommends that shareholders of the Company vote for approval of, the merger agreement. The special committee’s independent financial advisor has delivered an opinion to the effect that the $5.25 per share to be received by Rock of Ages shareholders in the merger is fair, from a financial point of view, to such shareholders. The $5.25 per share price represents a 57% premium to the average closing price of Rock of Ages Class A common stock for the 30 days prior to the May 7, 2010 announcement of Swenson Granite’s initial proposal to acquire 100% ownership of Rock of Ages, and a 84% premium to the average closing price for the 12 months prior to the May 7, 2010 announcement.”Consummation of the merger is conditioned upon, in addition to approval of the merger agreement by the majority vote of Rock of Ages’ Class A and Class B common stock, voting together, approval by a majority of the outstanding shares of Class A common stock, excluding shares held by members of Swenson Granite. Rock of Ages will schedule a special meeting of its shareholders for the purpose of obtaining shareholder approval of the merger agreement.”Kurt Swenson, the Chairman of Swenson Granite and non-executive Chairman of Rock of Ages, together with his brother, Kevin Swenson, Vice President of Swenson Granite, and Robert Pope, President and Chief Executive Officer of Swenson Granite, own approximately 71% of Swenson Granite. They, along with certain other members of Swenson Granite who are also Rock of Ages shareholders, have agreed with Swenson Granite to vote their shares, representing approximately 81% of the total voting power of all Rock of Ages shares, in favor of approval of the merger agreement.”The merger agreement includes various other customary conditions, but does not contain a financing condition. People’s United Bank and Key Bank, National Association have committed, subject to customary conditions, to provide debt financing for the transaction.”Prior to the merger, Kurt Swenson, Kevin Swenson, Robert Pope and certain other members of Swenson Granite who are also shareholders of Rock of Ages, will contribute to Swenson Granite a total of 258,326 Class A shares and 2,449,793 Class B shares of Rock of Ages in exchange for additional shares of membership interest in Swenson Granite, and will not receive the $5.25 per share cash merger price for those Rock of Ages shares.”Covington Associates, LLC served as financial advisor to the special committee of the Rock of Ages board of directors and Skadden, Arps, Slate, Meagher & Flom LLP served as legal advisor to the special committee. Sheehan Phinney Bass + Green PA served as legal counsel to Swenson Granite.” About Rock of AgesRock of Ages (www.RockofAges.com(link is external)) is the largest integrated granite quarrier and manufacturer of finished granite memorials and granite blocks for memorial use in North America. Its 600-foot deep quarry in Graniteville is a popular tourist destination.Forward-Looking StatementsThis press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations about future events. These statements are not guarantees of future events and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual events may differ materially from what is expressed in such forward-looking statements due to numerous factors. A statement containing an expectation or prediction as to the consummation of the merger is just an example of a forward-looking statement. Some factors that could realistically cause events to differ materially from those predicted in the forward-looking statements include the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement with Swenson Granite Company LLC (’Swenson Granite’); the outcome of any legal proceedings that have been, or may be, instituted against Rock of Ages related to the merger agreement; the inability to complete the merger due to the failure to obtain shareholder approval for the merger or the failure to satisfy other conditions to completion of the merger; and the failure of Swenson Granite to obtain the necessary financing arrangements relating to the merger. Further information and risks regarding factors that could affect our business, operations, financial results or financial positions are discussed from time to time in Rock of Ages’ Securities and Exchange Commission filings and reports. Such forward-looking statements speak only as of the date on which they are made, and Rock of Ages does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release, except as may be required under the federal securities laws.About the Proposed TransactionIn connection with the proposed merger, Rock of Ages will file a proxy statement with the Securities and Exchange Commission. INVESTORS AND SECURITY HOLDERS ARE STRONGLY ADVISED TO READ THE PROXY STATEMENT WHEN IT BECOMES AVAILABLE BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders may obtain a free copy of the proxy statement (when available) and other documents filed by Rock of Ages from the Securities and Exchange Commission’s Web site athttp://www.sec.gov(link is external). The proxy statement and such other documents may also be obtained for free from Rock of Ages’ website at http://www.rockofages.com(link is external) or by directing such request to Rock of Ages Corporation, Chief Financial Officer, 560 Graniteville Road, Graniteville, Vermont 05654, telephone: (802) 476-3115.Rock of Ages and its directors, executive officers and certain other members of its management and employees may be deemed to be participants in the solicitation of proxies from its shareholders in connection with the proposed merger. Information regarding the interests of Rock of Ages’ participants in the solicitation will be included in the proxy statement relating to the proposed merger when it becomes available. Additional information regarding Rock of Ages’ directors and executive officers is also included in Rock of Ages’ proxy statement for its 2010 Annual Meeting of Stockholders, which was filed with the SEC on July 19, 2010. This document is available free of charge from the SEC’s Web site at www.sec.gov(link is external), from Rock of Ages’ website at http://www.rockofages.com(link is external) or by directing such request to Rock of Ages Corporation, Chief Financial Officer, 560 Graniteville Road, Graniteville, Vermont 05654, telephone: (802) 476-3115. Source: BARRE, Vt.–(BUSINESS WIRE)–10.18.20102 Shareholder Letters (Gottlieb and Kuby)October 19, 2010A letter, dated October 19, 2010 was sent from North Star InvestmentManagement Corporation to Rock of Ages Corporation via Express Delivery:-October 19, 2010The Board of DirectorsAttn: Richard C. Kimball, SecretaryRock of Ages Corp.560 Graniteville RoadGraniteville, VT 05654Dear Sirs & Madam,North Star Investment Management Corporation is in support of the recently announced $ 5.25 a share merger agreement between Rock of Ages Corporation and Swenson Granite Corporation. Noth Star Investment Corporation intends to vote in favor of the merger and tender the shares for which the Firm holds voting authority.Clients of Noth Star Investment Management Corporation affiliates may own shares of Rock of Ages Corporation. North Star Investment Management Corporation does not have dispositive or voting power of these shares. These clients may or may not retain ownership in Rock of Ages Corporation, vote in favor of the proposed transaction or tender their shares.Sincerely,__________________________ __________________________Peter Gottlieb Eric KubySignatureAfter reasonable inquiry and to the best of my knowledge and belief,I certify that the information set forth in this statement is true,complete and correct.Dated: October 19, 2010NORTH STAR INVESTMENT MANAGEMENT CORP.By: /S/ PETER D. GOTTLIEB———————————-PETER D. GOTTLIEB, President & CEOBy: /S/ PETER G. CONTOS II———————————-PETER G. CONTOS IIJune 28, 2010The Board of DirectorsAttn: Richard C. Kimball, SecretaryRock of Ages Corp.560 Graniteville RoadGraniteville, VT 05654Dear Sirs & Madam,At this point we are undecided as to the merits of the May 6, 2010unsolicited proposal by Swenson Granite Company, LLC to purchase alloutstanding shares of Rock of Ages Corporation Common stock for a priceof $4.38 per share in cash. Whereas we recognize that the proposal offersliquidity and premium to the previously depressed stock price, we believethat the true value of the company is substantially higher. We have beenpatient investors in the company for almost nine years and believe thatthe company is finally in a position to generate the levels of profitsthat initially attracted us to their shares. We are encouraged that theSpecial Committee of Independent Rock of Ages Directors has engagedCovington Associates LLC as its financial advisor to assist it in exploringtheir strategic options including the Swenson Granite proposal. We lookforward to the results of the process that will recognize the fullpotential of the company s assets and will reward all shareholders. Pleasefeel free to contact us if you wish to discuss this matter further.Sincerely,__________________________ __________________________Peter Gottlieb Eric Kuby 1,346,326 – *Donald Labonte (8)** 1,023,489 1.1% 5,000 1.5%Charles M. Waite ** 1,135,000 From ROA Proxy statement July 9, 2010 SHARES OF CLASS A COMMON STOCK BENEFICIALLY OWNED *Paul H. Hutchins(9)** 423,986
Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York The June 9 Belmont Stakes will be Chef Drew Revella’s fifteenth at Centerplate Inc., which coordinates the racetrack’s restaurants and catering. But this year he is racing to prepare for a bigger crowd than usual.Even with that cushion of experience and his yearlong preparations now coming to a close, there’s no telling what challenges 90,000 hungry guests might bring on the day of the event.“There’s a love of that chaos,” Revella says. “It’s not like every other job.”The third and final leg of the American Triple Crown, the Belmont Stakes is the longest of them all at 1 1⁄2 miles. That, coupled with the fact that front-runner Justify, the horse that won both the Kentucky Derby and the Preakness in May, has the potential to become the thirteenth-ever Triple Crown winner, makes it likely that the crowd at Belmont Park’s Elmont arena will be full.Triple Crown years have a markedly different feel, Revella says, adding that he is not generally a horse racing fan. He said it was incredible when, in 2015, he saw American Pharoah cross the finish line and win the Triple Crown.“I had one manager who worked with me over 10 years, she was literally crying in my arms because it was such an emotional experience to be part of something that exciting,” Revella recalls. “When you’re down on the track and you feel the horses run by, there’s a feeling you get that — it’s very hard to put words to it — but people know it who watch it.”Such moments are rare, though. Catering executives and employees rarely catch a glimpse of the events they work.“I’ve been [at the Belmont Stakes] for two years — haven’t seen it,” says Robert DiChiaro, regional vice president of Centerplate Inc., the event’s caterer. “I’ve worked Super Bowls, World Series, Stanley Cups, Final Fours — very rare that I’ve seen anything.”He shrugs it off and catches the highlights the next day.Revella describes working the event as a “near-death experience.” In a similar fashion to the horses’ circuit, Revella moves in circles around more than a dozen satellite kitchen stations, making sure everything is going according to plan. Food preparation begins about nine days before the event, but the bulk of the work can be done only in the hours before race day to preserve freshness.Revella, 47, of Staten Island, might clock in as early as 2 a.m. during those last few days of preparations, coordinating with hired vendors to execute the menu he crafted specially for this year’s 150th anniversary. His primary focus will be catering to a VIP echelon of guests (nearly 6,000) who have paid as much as $1,200 for a premium experience.“We have a very New York-centric theme this year,” Revella says. “We’re taking some old subway signs and displaying food on that, and there’s pictures of Old World New York.”Some of the new menu items this year include Brooklyn-cured GMO-free pastrami, hot dogs, sausages and an array of other charcuterie. Revella aimed to source food as locally as possible, tapping Brooklyn-based Gotham Greens, which produces urban rooftop-grown lettuces that Revella will hand pick ahead of the event.Revella, who attended culinary school at Johnson & Wales University in Providence, R.I., says he started cooking at age 6, helping out with the family business — a catering hall. He says he was “bouncing around in the kitchen throwing ingredients in soup kettles.”Now, as a regional executive chef for Centerplate, he says he channels that fun-loving creativity into how he leads his kitchen staff. In a high-stress role such as preparing for the Belmont Stakes, he urges his staff to stay calm.“Never panic,” he tells them. “There’s always a solution. And don’t be afraid to ask for help.”After thousands flood Belmont Park for the big day, Revella says he will likely “fall down,” but come 8 p.m. he’ll start tweaking his ideas for next year’s event. And June 10 is a regular racing day at Belmont Park, which means the Centerplate team has to be ready to go the next day.“We still gotta open for another normal day on Sunday,” DiChiaro says. “It’s organized chaos.”
If the announcement is not made today, it’s believed that Allardyce will have to travel to France with the Sunderland team for training which could leave him in breach of his contract obligations with England.Word previously leaked through that Allardyce had been offered the job and that his nomination has been ratified by the FA Board.
Urias will have to maintain that clean record for the next year, attend a hearing with the city attorney and complete a 52-week domestic violence counseling program. MLB has kept its investigation technically open in case new information comes to light but has levied no disciplinary action on Urias.The 22-year-old left-hander has made three relief appearances since being reinstated from administrative leave following the May 13 incident. The first was very good – he pitched two scoreless innings, allowing one hit and striking out two in Pittsburgh. But he did not pitch well at home.In his first appearance at Dodger Stadium since the incident, Urias gave up back-to-back home runs to the first two batters he faced and hits to the first four. Three days later, he gave up a game-tying two-run home run to Bryce Harper. The Dodgers rallied to win both games.In both cases, Urias was greeted mostly with cheers by the home fans. Concern about how he might be received by fans had nothing to do with the two poor outings, he said.“I just missed some pitches,” Urias said. “Harper is a really good ballplayer. He hadn’t got me before. He got me that time. Before that, it was the same thing. I just missed some pitches and you can’t miss pitches at this level or they’ll make you pay. How Dodgers pitcher Ross Stripling topped the baseball podcast empire Newsroom GuidelinesNews TipsContact UsReport an Error Cody Bellinger homer gives Dodgers their first walkoff win of season Fire danger is on Dave Roberts’ mind as Dodgers head to San Francisco PHOENIX — Both Major League Baseball and the Los Angeles city attorney’s office have investigated the incident involving Dodgers pitcher Julio Urias and his girlfriend three weeks ago and decided to take no action.But Urias would not comment on those decisions and what sense of relief they might have brought for him after three weeks of uncertainty.“I can’t talk about that. I just focus on pitching,” Urias said through an interpreter.The city attorney cited three reasons for conditionally deferring prosecution on the suspicion of misdemeanor domestic battery – no physical injury was caused, the woman involved “at no point indicated to either the uniformed police officers or to civilian witnesses that she believed she was a victim” and Urias’ lack of prior criminal conduct. Among Tuesday’s picks were Butler right-hander Ryan Pepiot (third round), UC Irvine third baseman Brandon Lewis (fourth round) and Stanford right-hander Jack Little (fifth round).Lewis was a two-time all-conference selection at L.A. Pierce College before transferring to UCI, where he tied the school record with 14 home runs this season. He hit .315, reached base safely in 36 consecutive games and led the Big West Conference in runs scored, doubles and RBIs.Little was a two-time All-Pac-12 selection. He tied the Stanford school record with 16 saves as a sophomore last year then went 3-1 with a 2.76 ERA and nine saves this season.The draft continues with the final 30 rounds Wednesday.REHAB GAMEAustin Barnes began a brief rehab assignment with Class-A Rancho Cucamonga Tuesday night, going 1 for 3 with an RBI single and a run scored. Barnes caught five innings from Josiah Gray (a right-handed prospect who was obtained as part of last winter’s Reds-Dodgers).Out for a week with a mild groin strain, Barnes is expected to play one more game for the Quakes then join the Dodgers in San Francisco this weekend when he is eligible to come off the Injured List.UP NEXTDodgers (RHP Kenta Maeda, 7-2, 3.61 ERA) at Diamondbacks (RHP Jon Duplantier, 1-0, 3.18 ERA), Wednesday, 12:40 p.m., SportsNet LA (where available), 570 AM Dodgers’ Max Muncy trying to work his way out of slow start “Every time I go out there, I just try to do my job and try to give everything I can and sometimes I just miss pitches.”That job could have been more difficult to do with potential criminal charges or a suspension hanging over his head. But Urias said he was able to maintain his focus on the field.“I think I’ve had challenges in the past,” Urias said. “I pitched against Christian Yelich in the playoffs. I pitched against Atlanta. Some situations are tough but you have to know how to pitch in those tough situations.”HANDLE WITH CAREJustin Turner was back in the starting lineup Monday after missing four games with an accumulation of issues with his legs – a foul ball off his left shin on May 17 and a mild hamstring strain last Wednesday. But he was out of the lineup again Tuesday as Dodgers manager Dave Roberts acknowledged Turner will be handled with an extra level of caution in the hope that nothing escalates into a more severe problem.“I think it’s going to be a couple weeks,” Roberts said. “Just to kind of get out of the woods with that.”The option of putting Turner on the Injured List and shutting him down entirely for 10 days or more was not an attractive one, Roberts said.“He’s just too valuable off the bench,” Roberts said. “If there’s a spot, a big spot, he’s one of your best bats. … To have him in a big-leverage spot, we have no one who can do that.”DRAFT TALKThe Dodgers made eight selections on the second day of the draft Tuesday, taking college players in the third through 10th rounds.Texas high school right-hander Jimmy Lewis (the Dodgers’ second-round pick Monday) is the only high school player the Dodgers have taken so far in the draft.Related Articles Dodgers hit seven home runs, sweep Colorado Rockies