UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 6)*
Coherent, Inc.
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(Name of Issuer)
Common Stock, par value $0.01 per share
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(Title of Class of Securities)
192479103
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(CUSIP Number)
with a copy to:
Augustus K. Oliver Allen B. Levithan, Esq.
Oliver Press Partners, LLC Lowenstein Sandler PC
152 West 57th Street 65 Livingston Avenue
New York, New York 10019 Roseland, New Jersey 07068
(212) 277-5654 (973) 597-2406
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
November 19, 2009
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule l3G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box. [ ]
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7 for other
parties to whom copies are to be sent.
*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 ("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).
Cusip No. 192479103
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1. Names of Reporting Persons: Oliver Press Partners, LLC
I.R.S. Identification Nos. of above persons (entities only): 20-2688930
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2. Check the Appropriate Box if a Member of a Group (See Instructions):
(a)
(b) X
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3. SEC Use Only
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4. Source of Funds (See Instructions): OO
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 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: 0
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Shares Beneficially 8. Shared Voting Power: 2,531,676*
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Owned by
Each Reporting 9. Sole Dispositive Power: 0
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Person With 10. Shared Dispositive Power: 2,531,676*
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11. Aggregate Amount Beneficially Owned by Each Reporting Person: 2,531,676*
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions):
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13. Percent of Class Represented by Amount in Row (11): 10.4%*
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14. Type of Reporting Person (See Instructions): IA
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* This is a joint filing by Oliver Press Partners, LLC, Oliver Press Investors,
LLC, Augustus K. Oliver and Clifford Press, who share the power to vote and the
power to direct the disposition of the 194,897 shares of common stock, par value
$0.01 per share (the "Shares"), of Coherent, Inc., a Delaware corporation (the
"Company"), owned, as of November 19, 2009, by Davenport Partners, L.P., a
Delaware limited partnership, the 2,280,771 Shares owned by JE Partners, a
Bermuda partnership, and the 56,208 Shares owned by Oliver Press Master Fund LP,
a Cayman limited partnership.
Cusip No. 192479103
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1. Names of Reporting Persons: Oliver Press Investors, LLC
I.R.S. Identification Nos. of above persons (entities only): 20-2688868
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2. Check the Appropriate Box if a Member of a Group (See Instructions):
(a)
(b) X
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3. SEC Use Only
--------------------------------------------------------------------------------
4. Source of Funds (See Instructions): OO
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 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: 0
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Shares Beneficially 8. Shared Voting Power: 2,531,676*
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Owned by
Each Reporting 9. Sole Dispositive Power: 0
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Person With 10. Shared Dispositive Power: 2,531,676*
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11. Aggregate Amount Beneficially Owned by Each Reporting Person: 2,531,676*
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions):
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11): 10.4%*
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14. Type of Reporting Person (See Instructions): PN
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* This is a joint filing by Oliver Press Partners, LLC, Oliver Press Investors,
LLC, Augustus K. Oliver and Clifford Press, who share the power to vote and the
power to direct the disposition of the 194,897 shares of common stock, par value
$0.01 per share (the "Shares"), of Coherent, Inc., a Delaware corporation (the
"Company"), owned, as of November 19, 2009, by Davenport Partners, L.P., a
Delaware limited partnership, the 2,280,771 Shares owned by JE Partners, a
Bermuda partnership, and the 56,208 Shares owned by Oliver Press Master Fund LP,
a Cayman limited partnership.
Cusip No. 192479103
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1. Names of Reporting Persons: Augustus K. Oliver
I.R.S. Identification Nos. of above persons (entities only):
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions):
(a)
(b) X
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3. SEC Use Only
--------------------------------------------------------------------------------
4. Source of Funds (See Instructions): OO
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e):
--------------------------------------------------------------------------------
6. Citizenship or Place of Organization: United States
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Number of 7. Sole Voting Power: 0
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Shares Beneficially 8. Shared Voting Power: 2,531,676*
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Owned by
Each Reporting 9. Sole Dispositive Power: 0
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Person With 10. Shared Dispositive Power: 2,531,676*
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11. Aggregate Amount Beneficially Owned by Each Reporting Person: 2,531,676*
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions):
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11): 10.4%*
--------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions): IN
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* This is a joint filing by Oliver Press Partners, LLC, Oliver Press Investors,
LLC, Augustus K. Oliver and Clifford Press, who share the power to vote and the
power to direct the disposition of the 194,897 shares of common stock, par value
$0.01 per share (the "Shares"), of Coherent, Inc., a Delaware corporation (the
"Company"), owned, as of November 19, 2009, by Davenport Partners, L.P., a
Delaware limited partnership, the 2,280,771 Shares owned by JE Partners, a
Bermuda partnership, and the 56,208 Shares owned by Oliver Press Master Fund LP,
a Cayman limited partnership.
Cusip No. 192479103
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1. Names of Reporting Persons: Clifford Press
I.R.S. Identification Nos. of above persons (entities only):
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions):
(a)
(b) X
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3. SEC Use Only
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4. Source of Funds (See Instructions): OO
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e):
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6. Citizenship or Place of Organization: United States
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Number of 7. Sole Voting Power: 2,000
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Shares Beneficially 8. Shared Voting Power: 2,531,676*
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Owned by
Each Reporting 9. Sole Dispositive Power: 2,000
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Person With 10. Shared Dispositive Power: 2,531,676*
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11. Aggregate Amount Beneficially Owned by Each Reporting Person: 2,531,676*
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions):
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11): 10.4%*
--------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions): IN
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* This is a joint filing by Oliver Press Partners, LLC, Oliver Press Investors,
LLC, Augustus K. Oliver and Clifford Press, who share the power to vote and the
power to direct the disposition of the 194,897 shares of common stock, par value
$0.01 per share (the "Shares"), of Coherent, Inc., a Delaware corporation (the
"Company"), owned, as of November 19, 2009, by Davenport Partners, L.P., a
Delaware limited partnership, the 2,280,771 Shares owned by JE Partners, a
Bermuda partnership, and the 56,208 Shares owned by Oliver Press Master Fund LP,
a Cayman limited partnership.
Item 4. Purpose of Transaction.
----------------------
Item 4 is hereby amended as follows:
The first paragraph of Item 4 is hereby deleted.
The current second and third paragraphs, relating to the agreement
dated January 31, 2008 between the Filing Parties and the Company and the
amendment thereof as of January 5, 2009, remain in effect as the first two
paragraphs of this Item 4.
The remainder of Item 4 is hereby deleted and replaced by the
following paragraph:
"On November 18, 2009, Clifford Press resigned as a Director of the
Company. OPP expects from time to time to dispose of shares of the Company's
common stock, through distributions to limited partners or sales, although if
market conditions warrant, it may consider purchasing additional shares."
Item 5. Interest in Securities of the Issuer.
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Item 5 is hereby deleted in its entirety and replaced with the
following:
"As of the close of business on November 19, 2009, Davenport owned
194,897 Shares, JE owned 2,280,771 Shares, and Master Fund owned 56,208 Shares,
constituting 0.8%, 9.3% and 0.2%, respectively, and 10.4% in the aggregate, of
the approximately 24,454,611 Shares outstanding as of July 31, 2009, as
disclosed in the Company's quarterly report on Form 10-Q for the quarterly
period ended July 4, 2009. OPP, as the investment adviser to Davenport, JE and
Master Fund (collectively, the "Partnerships"), has the power to vote and the
power to direct the disposition of such Shares. OPI, as the general partner of
the Partnerships, and Messrs. Oliver and Press, as the Managing Members of OPP
and OPI, share the power to vote and the power to direct the disposition of such
Shares. As of the close of business on November 19, 2009, Mr. Press owned,
individually, 2,000 Shares.
The following table details the transactions during the sixty days on
or prior to November 19, 2009, in Shares, or securities convertible into,
exercisable for or exchangeable for Shares, effected by the Partnerships, or any
other person or entity controlled by the Partnerships or any person or entity
for which the Partnerships possess voting or investment control over the
securities thereof (each of which was effected in an ordinary brokerage
transaction).
Sales
Date Security Amount Price
11/10/2009 Shares 4,300 $26.5826
11/13/2009 Shares 4,921 $26.5008
11/16/2009 Shares 20,000 $26.8878
11/17/2009 Shares 20,000 $27.1255
11/18/2009 Shares 200 $27.25"
Item 7. Exhibits.
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Exhibit A - Joint Filing Agreement, dated as of November 19, 2009, by
and among Oliver Press Investors, LLC, Oliver Press Partners, LLC, Augustus K.
Oliver and Clifford Press.
Signature
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After 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.
November 19, 2009
OLIVER PRESS INVESTORS, LLC
By: /s/ Augustus K. Oliver
---------------------------------
Augustus K. Oliver
Managing Member
OLIVER PRESS PARTNERS, LLC
By: /s/ Clifford Press
---------------------------------
Clifford Press
Managing Member
/s/ Augustus K. Oliver
------------------------------------
Augustus K. Oliver
/s/ Clifford Press
------------------------------------
Clifford Press
Attention: Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001).
Exhibit A
JOINT FILING AGREEMENT
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The undersigned agree that this Schedule 13D Amendment No. 6 relating
to the shares of common stock of Coherent, Inc. is filed jointly on behalf of
each of the undersigned pursuant to Rule 13d-1(k).
November 19, 2009
OLIVER PRESS INVESTORS, LLC
By: /s/ Augustus K. Oliver
---------------------------------
Augustus K. Oliver
Managing Member
OLIVER PRESS PARTNERS, LLC
By: /s/ Clifford Press
---------------------------------
Clifford Press
Managing Member
/s/ Augustus K. Oliver
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Augustus K. Oliver
/s/ Clifford Press
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Clifford Press