SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13D
Under
the Securities Exchange Act of 1934
Excel
Technology, Inc.
Common
Stock
(Title of
Class of Securities)
________
30067T103
_________
(CUSIP
Number)
Peter D.
Goldstein
GAMCO
Investors, Inc.
One
Corporate Center
Rye, New
York 10580-1435
(914)
921-7732
(Name,
Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
______________________
July 30,
2008
________________________
(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 §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box
.
CUSIP
No. 30067T103
|
1
|
Names
of reporting persons
I.R.S.
identification nos. of above persons (entities only)
Gabelli
Funds,
LLC
I.D.
No. 13-4044523
|
|
2
|
Check
the appropriate box if a member of a group (SEE
INSTRUCTIONS)(a)
(b)
|
|
3
|
Sec
use only
|
|
4
|
Source
of funds (SEE INSTRUCTIONS)
00-Funds
of investment advisory clients
|
|
5
|
Check
box if disclosure of legal proceedings is required pursuant to items 2 (d)
or 2 (e)
|
|
6
|
Citizenship
or place of organization
New
York
|
|
Number
Of
Shares
Beneficially
Owned
By
Each
Reporting
Person
With
|
:
7
:
:
:
|
Sole
voting power
321,500 (Item
5)
|
|
:
8
:
:
:
|
Shared
voting power
None
|
|
:
9
:
:
:
|
Sole
dispositive power
321,500 (Item
5)
|
|
:10
:
:
:
|
Shared
dispositive power
None
|
|
11
|
Aggregate
amount beneficially owned by each reporting person
321,500 (Item
5)
|
|
12
|
Check
box if the aggregate amount in row (11) excludes certain
shares
(SEE
INSTRUCTIONS)
|
|
13
|
Percent
of class represented by amount in row (11)
2.96%
|
|
14
|
Type
of reporting person (SEE INSTRUCTIONS)
IA
|
CUSIP
No. 30067T103
|
1
|
Names
of reporting persons
I.R.S.
identification nos. of above persons (entities only)
GAMCO
Asset Management Inc.
I.D.
No. 13-4044521
|
|
2
|
Check
the appropriate box if a member of a group (SEE
INSTRUCTIONS)(a)
(b)
|
|
3
|
Sec
use only
|
|
4
|
Source
of funds (SEE INSTRUCTIONS)
00-Funds
of investment advisory clients
|
|
5
|
Check
box if disclosure of legal proceedings is required pursuant to items 2 (d)
or 2 (e)
|
|
6
|
Citizenship
or place of organization
New
York
|
|
Number
Of
Shares
Beneficially
Owned
By
Each
Reporting
Person
With
|
:
7
:
:
:
|
Sole
voting power
196,200 (Item
5)
|
|
:
8
:
:
:
|
Shared
voting power
None
|
|
:
9
:
:
:
|
Sole
dispositive power
196,200 (Item
5)
|
|
:10
:
:
:
|
Shared
dispositive power
None
|
|
11
|
Aggregate
amount beneficially owned by each reporting person
196,200 (Item
5)
|
|
12
|
Check
box if the aggregate amount in row (11) excludes certain
shares
(SEE
INSTRUCTIONS)
|
|
13
|
Percent
of class represented by amount in row (11)
1.81%
|
|
14
|
Type
of reporting person (SEE INSTRUCTIONS)
IA,
CO
|
CUSIP
No.
30067T103
|
1
|
Names
of reporting persons
I.R.S.
identification nos. of above persons (entities only)
Gabelli
Securities,
Inc.
I.D.
No. 13-3379374
|
|
2
|
Check
the appropriate box if a member of a group (SEE
INSTRUCTIONS)(a)
(b)
|
|
3
|
Sec
use only
|
|
4
|
Source
of funds (SEE INSTRUCTIONS)
00-Client
Funds
|
|
5
|
Check
box if disclosure of legal proceedings is required pursuant to items 2 (d)
or 2 (e)
|
|
6
|
Citizenship
or place of organization
Delaware
|
|
Number
Of
Shares
Beneficially
Owned
By
Each
Reporting
Person
With
|
:
7
:
:
:
|
Sole
voting power
130,541 (Item
5)
|
|
:
8
:
:
:
|
Shared
voting power
None
|
|
:
9
:
:
:
|
Sole
dispositive power
130,541 (Item
5)
|
|
:10
:
:
:
|
Shared
dispositive power
None
|
|
11
|
Aggregate
amount beneficially owned by each reporting person
130,541 (Item
5)
|
|
12
|
Check
box if the aggregate amount in row (11) excludes certain
shares
(SEE
INSTRUCTIONS)
|
|
13
|
Percent
of class represented by amount in row (11)
1.20%
|
|
14
|
Type
of reporting person (SEE INSTRUCTIONS)
HC,
CO, IA
|
CUSIP
No.
30067T103
|
1
|
Names
of reporting persons
I.R.S.
identification nos. of above persons (entities only)
MJG
Associates,
Inc.
I.D.
No. 06-130426
|
|
2
|
Check
the appropriate box if a member of a group (SEE
INSTRUCTIONS)(a)
(b)
|
|
3
|
Sec
use only
|
|
4
|
Source
of funds (SEE INSTRUCTIONS)
00-Client
Funds
|
|
5
|
Check
box if disclosure of legal proceedings is required pursuant to items 2 (d)
or 2 (e)
|
|
6
|
Citizenship
or place of organization
Connecticut
|
|
Number
Of
Shares
Beneficially
Owned
By
Each
Reporting
Person
With
|
:
7
:
:
:
|
Sole
voting power
4,500 (Item
5)
|
|
:
8
:
:
:
|
Shared
voting power
None
|
|
:
9
:
:
:
|
Sole
dispositive power
4,500 (Item
5)
|
|
:10
:
:
:
|
Shared
dispositive power
None
|
|
11
|
Aggregate
amount beneficially owned by each reporting person
4,500 (Item
5)
|
|
12
|
Check
box if the aggregate amount in row (11) excludes certain
shares
(SEE
INSTRUCTIONS)
|
|
13
|
Percent
of class represented by amount in row (11)
0.04%
|
|
14
|
Type
of reporting person (SEE INSTRUCTIONS)
CO
|
CUSIP
No.
30067T103
|
1
|
Names
of reporting persons
I.R.S.
identification nos. of above persons (entities only)
Gabelli
Foundation,
Inc.
I.D.
No. 94-2975159
|
|
2
|
Check
the appropriate box if a member of a group (SEE
INSTRUCTIONS)(a)
(b)
|
|
3
|
Sec
use only
|
|
4
|
Source
of funds (SEE INSTRUCTIONS)
WC
|
|
5
|
Check
box if disclosure of legal proceedings is required pursuant to items 2 (d)
or 2 (e)
|
|
6
|
Citizenship
or place of organization
NV
|
|
Number
Of
Shares
Beneficially
Owned
By
Each
Reporting
Person
With
|
:
7
:
:
:
|
Sole
voting power
1,000
(Item 5)
|
|
:
8
:
:
:
|
Shared
voting power
None
|
|
:
9
:
:
:
|
Sole
dispositive power
1,000
(Item 5)
|
|
:10
:
:
:
|
Shared
dispositive power
None
|
|
11
|
Aggregate
amount beneficially owned by each reporting person
1,000
(Item 5)
|
|
12
|
Check
box if the aggregate amount in row (11) excludes certain
shares
(SEE
INSTRUCTIONS)
|
|
13
|
Percent
of class represented by amount in row (11)
0.01%
|
|
14
|
Type
of reporting person (SEE INSTRUCTIONS)
00-Private
Foundation
|
CUSIP
No. 30067T103
|
1
|
Names
of reporting persons
I.R.S.
identification nos. of above persons (entities only)
GGCP,
Inc.
I.D.
No. 13-3056041
|
|
2
|
Check
the appropriate box if a member of a group (SEE
INSTRUCTIONS)(a)
(b)
|
|
3
|
Sec
use only
|
|
4
|
Source of funds
(SEE INSTRUCTIONS)
None
|
|
5
|
Check
box if disclosure of legal proceedings is required pursuant to items 2 (d)
or 2 (e)
|
|
6
|
Citizenship
or place of organization
New
York
|
|
Number
Of
Shares
Beneficially
Owned
By
Each
Reporting
Person
With
|
:
7
:
:
:
|
Sole
voting power
None (Item
5)
|
|
:
8
:
:
:
|
Shared
voting power
None
|
|
:
9
:
:
:
|
Sole
dispositive power
None (Item
5)
|
|
:10
:
:
:
|
Shared
dispositive power
None
|
|
11
|
Aggregate
amount beneficially owned by each reporting person
None (Item
5)
|
|
12
|
Check
box if the aggregate amount in row (11) excludes certain
shares
(SEE
INSTRUCTIONS) X
|
|
13
|
Percent
of class represented by amount in row (11)
0.00%
|
|
14
|
Type
of reporting person (SEE INSTRUCTIONS)
HC,
CO
|
CUSIP
No. 30067T103
|
1
|
Names
of reporting persons
I.R.S.
identification nos. of above persons (entities only)
GAMCO
Investors,
Inc.
I.D.
No. 13-4007862
|
|
|
Check
the appropriate box if a member of a group (SEE
INSTRUCTIONS)(a)
(b)
|
|
3
|
Sec
use only
|
|
4
|
Source of funds
(SEE INSTRUCTIONS)
WC
|
|
5
|
Check
box if disclosure of legal proceedings is required pursuant to items 2 (d)
or 2 (e)
|
|
6
|
Citizenship
or place of organization
New
York
|
|
Number
Of
Shares
Beneficially
Owned
By
Each
Reporting
Person
With
|
:
7
:
:
:
|
Sole
voting power
None (Item
5)
|
|
:
8
:
:
:
|
Shared
voting power
None
|
|
:
9
:
:
:
|
Sole
dispositive power
None (Item
5)
|
|
:10
:
:
:
|
Shared
dispositive power
None
|
|
11
|
Aggregate
amount beneficially owned by each reporting person
None (Item
5)
|
|
12
|
Check
box if the aggregate amount in row (11) excludes certain
shares
(SEE
INSTRUCTIONS) X
|
|
13
|
Percent
of class represented by amount in row (11)
0.00%
|
|
14
|
Type
of reporting person (SEE INSTRUCTIONS)
HC,
CO
|
CUSIP
No. 30067T103
|
1
|
Names
of reporting persons
I.R.S.
identification nos. of above persons (entities only)
Mario
J. Gabelli
|
|
2
|
Check
the appropriate box if a member of a group (SEE
INSTRUCTIONS) (a)
(b)
|
|
3
|
Sec
use only
|
|
4
|
Source of funds
(SEE INSTRUCTIONS)
00
– Funds of a Private Entity
|
|
5
|
Check
box if disclosure of legal proceedings is required pursuant to items 2 (d)
or 2 (e)
|
|
6
|
Citizenship
or place of organization
USA
|
|
Number
Of
Shares
Beneficially
Owned
By
Each
Reporting
Person
With
|
:
7
:
:
:
|
Sole
voting power
None (Item
5)
|
|
:
8
:
:
:
|
Shared
voting power
None
|
|
:
9
:
:
:
|
Sole
dispositive power
None (Item
5)
|
|
:10
:
:
:
|
Shared
dispositive power
None
|
|
11
|
Aggregate
amount beneficially owned by each reporting person
None (Item
5)
|
|
12
|
Check
box if the aggregate amount in row (11) excludes certain
shares
(SEE
INSTRUCTIONS) X
|
|
13
|
Percent
of class represented by amount in row (11)
0.00%
|
|
14
|
Type
of reporting person (SEE INSTRUCTIONS)
IN
|
Item
1.
Security and
Issuer
The class of equity securities to which
this statement on Schedule 13D relates is the Common Stock of Excel Technology,
Inc. (the “Issuer”), a Delaware corporation with principal offices located at 41
Research Way, East Setauket, New York 11733.
Item
2.
Identity and
Background
This
statement is being filed by Mario J. Gabelli (“Mario Gabelli”) and various
entities which he
directly
or indirectly controls or for which he acts as chief investment
officer. These entities, except for LICT Corporation (“LICT”), engage
in various aspects of the securities business, primarily as investment adviser
to various institutional and individual clients, including registered investment
companies and pension plans, and as general partner of various private
investment partnerships. Certain of these entities may also make
investments for their own accounts.
The foregoing persons in the aggregate
often own beneficially more than 5% of a class of a particular
issuer. Although several of the foregoing persons are treated as
institutional investors for purposes of reporting their beneficial ownership on
the short-form Schedule 13G, the holdings of those who do not qualify as
institutional investors may exceed the 1% threshold presented for filing on
Schedule 13G or implementation of their investment philosophy may from time to
time require action which could be viewed as not completely
passive. In order to avoid any question as to whether their
beneficial ownership is being reported on the proper form and in order to
provide greater investment flexibility and administrative uniformity, these
persons have decided to file their beneficial ownership reports on the more
detailed Schedule 13D form rather than on the short-form Schedule 13G and
thereby to provide more expansive disclosure than may be necessary.
(a), (b) and (c) - This statement is
being filed by one or more of the following persons: GGCP,
Inc. (“GGCP”), GAMCO Investors, Inc. (“GBL”), Gabelli Funds, LLC
(“Gabelli Funds”), GAMCO Asset Management Inc. (“GAMCO”), Teton Advisors, Inc.
(“Teton Advisors”), Gabelli Securities, Inc. (“GSI”), Gabelli & Company,
Inc. (“Gabelli & Company”), MJG Associates, Inc. (“MJG Associates”), Gabelli
Foundation, Inc. (“Foundation”), Mario Gabelli, and LICT. Those of
the foregoing persons signing this Schedule 13D are hereafter referred to as the
“Reporting Persons”.
GGCP makes investments for its own
account and is the parent company of GBL. GBL, a public company
listed on the New York Stock Exchange, is the parent company for a variety of
companies engaged in the securities business, including those named
below.
GAMCO, a wholly-owned subsidiary of
GBL, is an investment adviser registered under the Investment Advisers Act of
1940, as amended (“Advisers Act”). GAMCO is an investment manager
providing discretionary managed account services for employee benefit plans,
private investors, endowments, foundations and others.
GSI, a majority-owned subsidiary of
GBL, is an investment adviser registered under the Advisers Act and serves as a
general partner or investment manager to limited partnerships and offshore
investment companies. As a part of its business, GSI may purchase or
sell securities for its own account. It is the immediate parent of
Gabelli & Company. GSI is the general partner or investment manager of a
number of funds or partnerships, including Gabelli Associates Fund, Gabelli
Associates Fund II, Gabelli Associates Limited, ALCE Partners, L.P., and Gabelli
Multimedia Partners, L.P. GSI and Marc Gabelli own 45% and 55%,
respectively, of Gabelli Securities International Limited (“GSIL”). GSIL
provides investment advisory services to offshore funds and
accounts. GSIL is an investment advisor of Gabelli
International Gold Fund Limited, Gabelli European Partners, Ltd., and Gabelli
Global Partners, Ltd.
Gabelli & Company, a wholly-owned
subsidiary of GSI, is a broker-dealer registered under the Securities Exchange
Act of 1934, as amended (“1934 Act”), which as a part of its business regularly
purchases and sells securities for its own account.
Gabelli Funds, a wholly owned
subsidiary of GBL, is a limited liability company. Gabelli Funds is an
investment adviser registered under the Advisers Act which presently provides
discretionary managed account services for The Gabelli Equity Trust Inc., The
Gabelli Asset Fund, The GAMCO Growth Fund, The Gabelli Convertible and Income
Securities Fund Inc., The Gabelli Value Fund Inc., The Gabelli Small Cap Growth
Fund, The Gabelli Equity Income Fund, The Gabelli ABC Fund, The GAMCO Global
Telecommunications Fund, GAMCO Gold Fund, Inc., The Gabelli Global Multimedia
Trust Inc., The GAMCO Global Convertible Securities Fund, Gabelli Capital Asset
Fund, GAMCO International Growth Fund, Inc., The GAMCO Global Growth Fund, The
Gabelli Utility Trust, The GAMCO Global Opportunity Fund, The Gabelli Utilities
Fund, The Gabelli Blue Chip Value Fund, The GAMCO Mathers Fund, The Gabelli
Woodland Small Cap Value Fund, The Comstock Capital Value Fund, The Comstock
Strategy Fund, The Gabelli Dividend and Income Trust, The Gabelli Global Utility
& Income Trust, The Gabelli Global Gold, Natural Resources, & Income
Trust, The Gabelli Global Deal Fund, Enterprise Mergers and Acquisitions
Fund,
The Gabelli SRI
Fund, Inc. and The Gabelli Healthcare & Wellness Rx Trust (collectively, the
“Funds”), which are registered investment companies.
Teton Advisors, a subsidiary of GBL, is
an investment adviser which provides discretionary advisory services to The
GAMCO Westwood Mighty Mites
sm
Fund,
The GAMCO Westwood Income Fund and The GAMCO Westwood Small Cap
Fund.
MJG Associates provides advisory
services to private investment partnerships and offshore funds. Mario
Gabelli is the sole shareholder, director and employee of MJG
Associates. MJG Associates is the Investment Manager of Gabelli
International Limited, Gabelli International II Limited and Gabelli Fund,
LDC. Mario J. Gabelli is the general partner of Gabelli Performance
Partnership, LP.
The
Foundation is a private foundation. Mario Gabelli is the President, a
Trustee and the
Investment
Manager of the Foundation.
LICT is a holding company with
operating subsidiaries engaged primarily in the rural telephone
industry. LICT actively pursues new business ventures and
acquisitions. LICT makes investments in marketable securities to
preserve capital and maintain liquidity for financing their business activities
and acquisitions and are not engaged in the business of investing, reinvesting,
or trading in securities. Mario J. Gabelli is a director, and
substantial shareholder of LICT.
Mario Gabelli is the majority
stockholder and Chief Executive Officer of GGCP and Chairman and Chief Executive
Officer of GBL. GGCP is the majority shareholder of GBL. GBL, in
turn, is the sole stockholder of GAMCO. GBL is also the majority
stockholder of GSI and the largest shareholder of Teton
Advisors. Gabelli & Company is a wholly-owned subsidiary of
GSI.
The Reporting Persons do not admit that
they constitute a group.
GGCP, GBL, GAMCO, and Gabelli &
Company are New York corporations and GSI and Teton Advisors are Delaware
corporations, each having its principal business office at One Corporate Center,
Rye, New York 10580. Gabelli Funds is a New York limited liability
company having its principal business office at One Corporate Center, Rye, New
York 10580. MJG Associates is a Connecticut corporation having its
principal business office at 140 Greenwich Avenue, Greenwich, CT
06830. The Foundation is a Nevada corporation having its principal
offices at 165 West Liberty Street, Reno, Nevada 89501. LICT is a
Delaware corporation having its principal place of business at 401 Theodore
Fremd Avenue, Rye, New York 10580.
For information required by instruction
C to Schedule 13D with respect to the executive officers and directors of the
foregoing entities and other related persons (collectively, “Covered Persons”),
reference is made to Schedule I annexed hereto and incorporated herein by
reference.
(f) -
Reference is made to Schedule I hereto.
Item
3.
Source and Amount of Funds
or Other Consideration
The
Reporting Persons used an aggregate of approximately $20,977,300 to purchase the
Securities reported as beneficially owned in Item 5. GAMCO and Funds used
approximately $6,328,946 and $9,894,400, respectively, of funds that were
provided through the accounts of certain of their investment advisory clients
(and, in the case of some of such accounts at GAMCO, may be through borrowings
from client margin accounts) in order to purchase the Securities for such
clients. GSI used approximately $4,590,650 of client funds to
purchase the Securities reported by it. MJG Associates used
approximately $133,836 of client funds to purchase the Securities reported by
it. Foundation used approximately $29,468 of working capital to purchase the
Securities reported by it.
Item
4.
Purpose of
Transaction
Each of the Reporting Persons has
purchased and holds the Securities reported by it for investment for one or more
accounts over which it has shared, sole, or both investment and/or voting power,
for its own account, or both.
The Reporting Persons, with the
exception of LICT, are engaged in the business of securities analysis and
investment and pursue an investment philosophy of identifying undervalued
situations. In pursuing this investment philosophy, the Reporting
Persons analyze the operations, capital structure and markets of companies in
which they invest, including the Issuer, on a continuous basis through analysis
of documentation and discussions with knowledgeable industry and market
observers and with representatives of such companies (often at the invitation of
management). The Reporting Persons do not believe they possess
material inside information concerning the Issuer. As a result of
these analytical activities one or more of the Reporting Persons may issue
analysts reports, participate in interviews or hold discussions with third
parties or with management in which the Reporting Person may suggest or take a
position with respect to potential changes in the operations, management or
capital structure of such companies as a means of enhancing shareholder
values. Such suggestions or positions may relate to one or more of
the transactions specified in clauses (a) through (j) of Item 4 of Schedule 13D
including, without limitation, such matters as disposing of one or more
businesses, selling the company or acquiring another company or business,
changing operating or marketing strategies, adopting or not adopting, certain
types of anti-takeover measures and restructuring the company’s capitalization
or dividend policy.
Each of the Reporting Persons intends
to adhere to the foregoing investment philosophy with respect to the
Issuer. However, none of the Reporting Persons intends to seek
control of the Issuer or participate in the management of the Issuer, and any
Reporting Person that is registered as an investment company under the 1940 Act
will participate in such a transaction only following receipt of an exemption
from the SEC under Rule 17d-1 under the 1940 Act, if required, and in accordance
with other applicable law. In pursuing this investment philosophy,
each Reporting Person will continuously assess the Issuer’s business, financial
condition, results of operations and prospects, general economic conditions, the
securities markets in general and those for the Issuer’s securities in
particular, other developments and other investment opportunities, as well as
the investment objectives and diversification requirements of its shareholders
or clients and its fiduciary duties to such shareholders or
clients. Depending on such assessments, one or more of the Reporting
Persons may acquire additional Securities or may determine to sell or otherwise
dispose of all or some of its holdings of Securities. Although the
Reporting Persons share the same basic investment philosophy and although most
portfolio decisions are made by or under the supervision of Mario Gabelli, the
investment objectives and diversification requirements of various clients differ
from those of other clients so that one or more Reporting Persons may be
acquiring Securities while others are disposing of Securities.
With respect to voting of the
Securities, the Reporting Persons have adopted general voting policies relating
to voting on specified issues affecting corporate governance and shareholder
values. Under these policies, the Reporting Persons generally vote
all securities over which they have voting power in favor of cumulative voting,
financially reasonable golden parachutes, one share one vote, management cash
incentives and pre-emptive rights and against greenmail, poison pills,
supermajority voting, blank check preferred stock and super-dilutive stock
options. Exceptions may be made when management otherwise
demonstrates superior sensitivity to the needs of shareholders. In
the event that the aggregate voting position of all joint filers shall exceed
25% of the total voting position of the issuer then the proxy voting committees
of each of the Funds shall vote their Fund’s shares independently.
Each of the Covered Persons who is not
a Reporting Person has purchased the Securities reported herein as beneficially
owned by him for investment for his own account or that of one or more members
of his immediate family. Each such person may acquire additional
Securities or dispose of some or all of the Securities reported herein with
respect to him.
Other than as described above, none of
the Reporting Persons and none of the Covered Persons who is not a Reporting
Person has any present plans or proposals which relate to or would result in any
transaction, change or event specified in clauses (a) through (j) of Item 4 of
Schedule 13D.
Item
5.
Interest In Securities Of
The Issuer
(a) The
aggregate number of Securities to which this Schedule 13D relates is 653,741
shares, representing 6.02% of the approximately 10,866,561 shares outstanding as
reported by the Issuer in its Form 10-Q for the quarterly period ended June 27,
2008. The Reporting Persons beneficially own those Securities as
follows:
|
Name
|
Shares
of
Common Stock
|
%
of Class of
Common
|
|
Gabelli
Funds
|
321,500
|
2.96%
|
|
GAMCO
|
196,200
|
1.81%
|
|
GSI
|
130,541
|
1.20%
|
|
MJG
Associates
|
4,500
|
0.04%
|
|
Foundation
|
1,000
|
0.01%
|
Mario Gabelli is deemed to have
beneficial ownership of the Securities owned beneficially by each of the
foregoing persons. GSI is deemed to have beneficial ownership of the
Securities owned beneficially by Gabelli & Company. GBL and GGCP
are deemed to have beneficial ownership of the Securities owned beneficially by
each of the foregoing persons other than Mario Gabelli and the
Foundation.
(b) Each
of the Reporting Persons and Covered Persons has the sole power to vote or
direct the vote and sole power to dispose or to direct the disposition of the
Securities reported for it, either for its own benefit or for the benefit of its
investment clients or its partners, as the case may be, except that (i) Gabelli
Funds has sole dispositive and voting power with respect to the shares of the
Issuer held by the Funds so long as the aggregate voting interest of all joint
filers does not exceed 25% of their total voting interest in the Issuer and, in
that event, the Proxy Voting Committee of each Fund shall respectively vote that
Fund’s shares, (ii) at any time, the Proxy Voting Committee of each such Fund
may take and exercise in its sole discretion the entire voting power with
respect to the shares held by such fund under special circumstances
such as regulatory considerations, and (iii) the power of Mario Gabelli, GBL,
and GGCP is indirect with respect to Securities beneficially owned directly by
other Reporting Persons.
(c) Information with respect to all
transactions in the Securities which were effected during the past sixty days or
since the most recent filing on Schedule 13D, whichever is less, by each of the
Reporting Persons and Covered Persons is set forth on Schedule II annexed hereto
and incorporated herein by reference.
(d) The investment advisory clients of,
or partnerships managed by, GAMCO, Gabelli Funds, Teton Advisers and MJG
Associates have the sole right to receive and, subject to the notice, withdrawal
and/or termination provisions of such advisory contracts and partnership
arrangements, the sole power to direct the receipt of dividends from, and the
proceeds of sale of, any of the Securities beneficially owned by such Reporting
Persons on behalf of such clients or partnerships. Except as noted,
no such client or partnership has an interest by virtue of such relationship
that relates to more than 5% of the Securities.
(e) Not
applicable.
Item
6.
Contracts, Arrangements,
Understandings or Relationships with Respect to Securities of the
Issuer
The powers of disposition and voting of
Gabelli Funds, Teton Advisers, GAMCO, GSI and MJG Associates with respect to
Securities owned beneficially by them on behalf of their investment advisory
clients, and of MJG Associates and GSI with respect to Securities owned
beneficially by them on behalf of the partnerships which they directly or
indirectly manage, are held pursuant to written agreements with such clients,
partnerships and funds.
Item
7.
Material to be Filed as an
Exhibit
The following Exhibit A is attached
hereto. The following Exhibit B is incorporated by reference to
Exhibit A in the Amendment No. 2 to Schedule 13D of the Reporting Persons with
respect to Lifecore Biomedical, Inc.
|
Exhibit
A:
|
Joint
Filing Agreement
|
|
Exhibit
B:
|
Powers
of Attorney to Peter D. Goldstein, Christopher J. Michailoff, and Douglas
R. Jamieson from Mario J. Gabelli
|
Signature
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.
Dated: August
8, 2008
MARIO
J. GABELLI
GABELLI
FOUNDATION
GGCP,
INC.
MJG ASSOCIATES, INC.
GABELLI
SECURITIES, INC.
GABELLI
FUNDS, LLC
GAMCO
ASSET MANAGEMENT INC
GAMCO
INVESTORS, INC.
By:
/s/ Douglas R.
Jamieson
Douglas
R. Jamieson
Attorney-in-Fact for Mario J. Gabelli, Gabelli
Foundation
& MJG Associates, Inc.
President,
Gabelli Securities, Inc.
Director – GGCP, Inc.
President & Chief Operating Officer of the sole member
of
Gabelli
Funds, LLC.
President – GAMCO Asset Management Inc.
President & Chief Operating Officer – GAMCO Investors,
Inc.
Schedule
I
Information with Respect to Executive
Officers and Directors of the Undersigned
Schedule
I to Schedule 13D is amended, in pertinent part, as follows:
|
The
following sets forth as to each of the executive officers and directors of
the undersigned: his name; his business address; his present principal
occupation or employment and the name, principal business and address of
any corporation or other organization in which such employment is
conducted. Unless otherwise specified, the principal employer
of each such individual is GAMCO Asset Management, Inc., Gabelli Funds,
LLC, Gabelli Securities, Inc., Gabelli & Company, Inc., Teton
Advisors, Inc., or GAMCO Investors, Inc., the business address of each of
which is One Corporate Center, Rye, New York 10580, and each such
individual identified below is a citizen of the United
States. To the knowledge of the undersigned, during the last
five years, no such person has been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors), and no such person
was a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which 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 law or finding any violation with respect to such laws except
as reported in Item 2(d) of this Schedule
13D.
|
|
GGCP, Inc.
Directors:
|
|
|
Vincent J. Amabile
Mario
J. Gabelli
|
Business
Consultant
Chief
Executive Officer of GGCP, Inc., and Chairman & Chief Executive
Officer of GAMCO Investors, Inc.; Director/Trustee of all registered
investment companies advised by Gabelli Funds, LLC; Chief Executive
Officer of LICT Corporation.
|
|
Marc J. Gabelli
|
Chairman
of LGL Corporation
|
|
Matthew R. Gabelli
|
Vice
President – Trading
Gabelli
& Company, Inc.
One
Corporate Center
Rye,
New York 10580
|
|
Charles C. Baum
Douglas
R. Jamieson
|
Secretary
& Treasurer
United
Holdings Co., Inc.
2545
Wilkens Avenue
Baltimore,
MD 21223
See
below
|
|
Joseph
R. Rindler, Jr.
|
Account
Executive for GAMCO Asset Management Inc.
|
|
Fredric
V. Salerno
|
Chairman;
Former Vice Chairman and Chief Financial Officer
Verizon
Communications
|
|
Vincent
Capurso
|
Vice
President Taxes, Barnes & Noble, Inc.
|
|
Vincent
S. Tese
|
Former
Director GAMCO Investors, Inc.
|
|
Michael
Gabelli
|
|
|
|
|
|
Officers:
|
|
|
Mario J. Gabelli
|
Chief
Executive Officer and Chief Investment Officer
|
|
Michael G. Chieco
|
Chief
Financial Officer, Secretary
|
|
|
|
|
GAMCO Investors, Inc.
Directors:
|
|
|
Edwin
L. Artzt
Raymond
C. Avansino
Richard
L. Bready
|
Former
Chairman and Chief Executive Officer
Procter
& Gamble Company
900
Adams Crossing
Cincinnati,
OH 45202
Chairman
& Chief Executive Officer
E.L.
Wiegand Foundation
Reno,
NV 89501
Chairman
and Chief Executive Officer
Nortek,
Inc.
50
Kennedy Plaza
Providence,
RI 02903
|
|
Mario J. Gabelli
John
D. Gabelli
|
See
above
Senior
Vice President
|
|
|
|
|
Eugene
R. McGrath
|
Former
Chairman and Chief Executive Officer
Consolidated
Edison, Inc.
|
|
Robert
S. Prather
|
President
& Chief Operating Officer
Gray
Television, Inc.
4370
Peachtree Road, NE
Atlanta,
GA 30319
|
|
Officers:
|
|
|
Mario J. Gabelli
|
Chairman
and Chief Executive Officer
|
|
Douglas
R. Jamieson
Henry
G. Van der Eb
Jeffrey
M. Farber
Christopher
Michailoff
|
President
and Chief Operating Officer
Senior
Vice President
Executive
Vice President and Chief Financial Officer
Acting
Secretary
|
|
|
|
|
GAMCO Asset Management Inc.
Directors:
|
|
|
Douglas R. Jamieson
Regina M. Pitaro
William S. Selby
|
|
|
Officers:
|
|
|
Mario J. Gabelli
|
Chief
Investment Officer – Value Portfolios
|
|
|
|
|
Douglas R. Jamieson
John
Piontkowski
Chistopher
J. Michailoff
|
President
Chief
Operating Officer & Chief Financial Officer
General
Counsel and Secretary
|
|
Gabelli Funds, LLC
Officers:
|
|
|
Mario J. Gabelli
|
Chief
Investment Officer – Value Portfolios
|
|
Bruce N. Alpert
|
Executive
Vice President and Chief Operating Officer
|
|
Agnes
Mullady
|
Vice
President and President Closed-End Fund Division
|
|
Teton Advisors, Inc.
Directors:
|
|
|
Bruce N. Alpert
Douglas
R. Jamieson
|
See
above
See
above
|
|
Officers:
|
|
|
Bruce N. Alpert
Nicholas
F. Galluccio
|
Chairman
Chief
Executive Officer and President
|
|
|
|
|
Gabelli Securities, Inc.
|
|
|
Directors:
|
|
|
Robert W. Blake
|
President
of W. R. Blake & Sons, Inc.
196-20
Northern Boulevard
Flushing,
NY 11358
|
|
Douglas G. DeVivo
|
General
Partner of ALCE Partners, L.P.
One
First Street, Suite 16
Los
Altos, CA 94022
|
|
Douglas
R. Jamieson
|
President
|
|
Officers:
|
|
|
Douglas R. Jamieson
Christopher
J. Michailoff
Kieran
Caterina
|
See
above
Secretary
Chief
Financial Officer
|
|
Gabelli & Company, Inc.
Directors:
|
|
|
James G. Webster,
III
|
Chairman
& Interim President
|
|
Irene Smolicz
|
Senior
Trader
Gabelli
& Company, Inc.
|
|
Officers:
|
|
|
James G. Webster,
III
|
See
Above
|
|
Bruce N. Alpert
|
Vice
President - Mutual Funds
|
|
|
|
|
LICT Corporation
401
Theodore Fremd Avenue Rye, NY 10580
|
|
|
Directors:
|
|
|
Mario J. Gabelli
|
See
above - GGCP, Inc.
|
|
Glenn
Angelillo
|
P.O.
Box 128
New
Canaan, CT 06840
|
|
Alfred
W. Fiore
|
The
Ross Companies
1270
Avenue of the Americas
New
York, NY 10020-1703
|
|
Salvatore Muoio
|
Principal
S.
Muoio & Co., LLC
Suite
406
509
Madison Ave.
New
York, NY 10022
|
|
Gary
L. Sugarman
|
Chief
Executive Officer
Richfield
Associates
400
Andrews Street
Rochester,
NY 14604
|
|
Officers:
|
|
|
Mario J. Gabelli
|
Chairman
|
|
Robert E. Dolan
|
Interim
President and Chief Executive Officer,
Chief
Financial Officer
|
|
Thomas J. Hearity
|
General
Counsel
|
|
SCHEDULE
II
|
|
INFORMATION
WITH RESPECT TO
|
|
TRANSACTIONS
EFFECTED DURING THE PAST SIXTY DAYS OR
|
|
SINCE
THE MOST RECENT FILING ON SCHEDULE 13D (1)
|
|
SHARES
PURCHASED AVERAGE
|
|
DATE SOLD(-) PRICE(2)
|
|
|
|
COMMON
STOCK-EXCEL TECHNOLOGY INC.
|
|
|
|
|
|
|
|
GAMCO
ASSET MANAGEMENT INC.
|
|
|
|
|
|
8/07/08 700 31.6100
|
|
8/06/08 100 31.6150
|
|
8/04/08 24,200 31.6070
|
|
7/31/08 1,000 31.4704
|
|
7/31/08 10,000 31.5788
|
|
7/30/08 500 31.4691
|
|
7/29/08 4,900
30.2618
|
|
7/28/08 25,100
30.2000
|
|
7/21/08 900 29.3772
|
|
7/10/08 1,500 31.0333
|
|
7/10/08 14,200 31.2832
|
|
6/09/08 500 25.0489
|
|
GABELLI
SECURITIES, INC.
|
|
GABELLI
ASSOCIATES LIMITED
|
|
8/07/08 2,000 31.7357
|
|
8/01/08 3,000 31.5497
|
|
7/31/08 3,898 31.4704
|
|
7/30/08 11,500 31.4691
|
|
7/28/08 1,000 30.2538
|
|
7/23/08 1,500- 29.3962
|
|
7/22/08 1,500 28.9073
|
|
7/11/08 1,000 30.2236
|
|
7/10/08 6,500 31.0333
|
|
7/08/08 3,500- 22.7765
|
|
7/03/08 1,000 21.8277
|
|
7/02/08 1,000 22.1959
|
|
6/30/08 1,500 22.4761
|
|
6/27/08 2,500 23.9240
|
|
6/26/08 80
24.3050
|
|
6/25/08 195- 25.0448
|
|
6/25/08 303 24.3550
|
|
6/20/08 1,000 24.7351
|
|
6/19/08 100 25.1550
|
|
6/13/08 1,000- 25.6513
|
|
6/12/08 1,000- 25.4813
|
|
6/09/08 1,500 25.0489
|
|
GABELLI
ASSOCIATES FUND II
|
|
7/31/08 1,000 31.4704
|
|
7/30/08 1,000 31.4691
|
|
7/10/08 500 31.0333
|
|
6/30/08 500 22.4761
|
|
GABELLI
ASSOCIATES FUND
|
|
8/07/08 3,200 31.7357
|
|
8/01/08 3,600 31.5497
|
|
7/31/08 10,000 31.5200
|
|
7/30/08 21,250 31.4691
|
|
7/29/08 1,000 30.2050
|
|
7/28/08 1,000 30.2538
|
|
7/23/08 2,000- 29.3962
|
|
7/22/08 2,000 28.9073
|
|
7/11/08 2,500 30.2236
|
|
7/10/08 12,785 31.0333
|
|
7/08/08 6,000- 22.7765
|
|
7/03/08 1,200 21.8277
|
|
7/02/08 2,300 22.1959
|
|
6/30/08 2,500 22.4761
|
|
6/27/08 4,200 23.9240
|
|
6/20/08 4,600 24.7351
|
|
6/13/08 4,121- 25.6514
|
|
6/12/08 1,200- 25.4813
|
|
6/11/08 897
25.0536
|
|
6/10/08 173
24.8050
|
|
6/09/08 2,100 25.0489
|
|
GABELLI
FUNDS, LLC.
|
|
THE
GABELLI GLOBAL DEAL FUND
|
|
7/31/08 11,500 31.6087
|
|
7/30/08 53,500 31.3511
|
|
7/23/08 5,000
29.9200
|
|
GABELLI
ABC FUND
|
|
7/30/08 46,500 31.3511
|
|
7/23/08 1,000
29.7300
|
|
|
|
(1)
UNLESS OTHERWISE INDICATED, ALL TRANSACTIONS WERE
EFFECTED
|
|
ON
THE NASDAQ GLOBAL SELECT MARKET.
|
|
|
|
|
|
|
(2)
PRICE EXCLUDES COMMISSION.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exhibit
A
JOINT FILING
AGREEMENT
In accordance with Rule 13d-1(f) under
the securities Exchange Act of 1934, as amended, the undersigned hereby agree to
the joint filing with all other Reporting Entities (as such term is defined in
the Schedule 13D referred to below) on behalf of each of them of a statement on
Schedule 13D (including amendments thereto) with respect to the Common Stock of
Excel Technology, Inc., and that this Agreement be included as an Exhibit to
such joint filing. This Agreement may be executed in any number of
counterparts all of which taken together shall constitute one and the same
instrument.
IN
WITNESS WHEREOF, the undersigned hereby execute this Agreement this August 8,
2008.
|
|
MARIO
J. GABELLI
GGCP,
INC.
MJG
ASSOCIATES, INC.
GABELLI
FOUNDATION, INC.
LICT
CORPORATION
By:
/s/ Douglas R.
Jamieson
Douglas
R. Jamieson
Attorney-in-Fact
|
|
|
GABELLI
FUNDS, LLC
TETON
ADVISORS, INC.
By:
/s/ Bruce N.
Alpert
__________________________
Bruce
N. Alpert
Chief
Operating Officer – Gabelli Funds, LLC
President
– Teton Advisors, Inc.
|
|
|
GAMCO
ASSET MANAGEMENT INC.
GAMCO
INVESTORS, INC.
GABELLI
SECURITIES, INC.
GABELLI
& COMPANY, INC.
By:
/s/ Douglas R.
Jamieson
Douglas
R. Jamieson
President
& Chief Operating Officer – GAMCO Investors, Inc.
President
– GAMCO Asset Management Inc.
|
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