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CUSIP No. 71377E105
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Page
7
of 8 Pages
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5. Paragraphs (a), (b) and (c) of Item 5 of the Schedule 13D shall hereby be
amended and restated in full as follows:
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Item 5.
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Interest in Securities of the Issuer
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(a, b) The percentages of beneficial ownership reported in this Item 5, and on each Reporting
Persons cover page to this Schedule 13D, are based on a total of 54,028,174 shares of the Common Stock issued and outstanding as of April 28, 2020, as reported in most recent annual report of the Issuer on Form
10-K for its fiscal year ended December 31, 2019. All of the share numbers reported below, and on each Reporting Persons cover page to this Schedule 13D, are as of May 12, 2020, unless
otherwise indicated. The cover page to this Schedule 13D for each Reporting Person is incorporated by reference in its entirety into this Item 5(a, b).
Each of the Reporting Persons (other than Mr. Yanagi) beneficially owns 3,479,615 shares of Common Stock, or approximately
6.4% of the outstanding shares of Common Stock, Mr. Yanagi beneficially owns 230,415 shares of Common Stock, or approximately 0.4% of the outstanding shares of Common Stock, and the Reporting Persons beneficially own, in the aggregate,
3,710,030 shares of Common Stock, or approximately 6.9% of the outstanding shares of Common Stock. Mr. Jacobs does not have beneficial ownership of any shares of Common Stock.
(c) Except as otherwise described in this Schedule 13D, no Reporting Person effected any transaction in
shares of the Common Stock since March 13, 2020 (the date 60 days prior to the filing of this Schedule 13D).
6. Item 6 of the
Schedule 13D shall hereby be amended by inserting the following paragraph at its beginning:
On May 5, 2020, the Issuer granted 98,749
restricted stock units to Mr. Yanagi in connection with his appointment as a director of the Issuer, which will vest as of the date of the Issuers 2021 annual meeting of stockholders or upon a change of control (the Annual
Director RSU). In addition, on May 5, 2020, the Issuer granted 131,666 restricted stock units to Mr. Yanagi, which will vest ratably over four years or upon a change of control (together with the Annual Director RSU, the
Director RSUs). Pursuant to a pre-existing contractual obligation, Mill Road Capital Management LLC has the right to receive the economic benefit of the Director RSUs.
7. Item 7 of the Schedule 13D shall hereby be amended by adding the following exhibit:
Exhibit 4 Confirming Statement of Eric Yanagi dated May 12, 2020.
8. Except as expressly modified hereby, all provisions of the Schedule 13D shall continue in full force and effect.
[signature pages follow]