Fuel Systems Solutions, Inc. (FSYS)

[Democritus_of_Abdera]

Re: Delayed 10Q (continued)....

Today's 13D revealing that Becker/Drapkin has recently acquired 6.45% of FSYS stock might explain the sudden desire of FSYS to adjust the Goodwill and Intangible assets on its books; i.e. the initiative might have resulted from discussions with Becker Drapkin, albeit, I don't know why Goodwill/Intangible assets would be targeted when there are no substantial FSYS debt covenants in jeopardy.

A sense of Becker/Drapkin's investment style can be gleaned from these two wall street journal articles:

From the Wall Street Journal (July 15, 2012)
http://blogs.wsj.com/deals/2012/07/16/small-activists-can-have-a-big-bite-too/

On one Wednesday last month, Becker Drapkin revealed in a filing it had taken a 5% stake in women’s retailer Tuesday Morning Corp. By the end of that day, Tuesday Morning had said it “relieved” its chief executive “of her duties” and cut its earnings guidance. The company said it made its decision on Tuesday, before Becker Drapkin revealed its stake publicly.... In between, Ruby Tuesday Inc., the burger and casual dining chain, also announced its long-time chairman and CEO would step down. Becker Drapkin had taken two board seats on Ruby Tuesday and had been pushing for change there as well.
...
The fund has been an activist in 11 companies and has joined the board, or had its nominees placed on the board, of every one. There has never been a proxy, or shareholder vote, over its nominees.... Co-founder Matthew Drapkin said the firm has made targets of undervalued companies, but doesn’t want to come in with activists guns blazing. He said CEOs often react skeptically at first, but that he tells them to call other CEOs the firm has worked with for references. The Becker Drapkin pitch is that they will be “the hardest working, most engaged board members” and they won’t sell their stake, he said.

From the Wall Street Journal (May 12, 2014)
http://online.wsj.com/news/articles/SB10001424052702303851804579558212019896936

Becker Drapkin Management LP, an activist that targets smaller companies, has taken a 7.2% stake in XO Group Inc., XOXO -0.42% according to a regulatory filing Monday.

The investment fund supports XO Group's recently named chief executive but is raising questions about the continued operational role of co-founder and Chairman David Liu and losses piling up under Mr. Liu's watch in China, people familiar with the matter said.
....
Matthew Drapkin, partner and co-founder of Becker Drapkin, is a former investment banker at Goldman Sachs Group Inc. and one-time general manager of Condé Nast's online publications Epicurious.com and Concierge.com. He is also the son of well-known Wall Street money manager Donald Drapkin, who himself is currently waging an activist campaign against iron-ore miner Cliffs Natural Resources Inc.

The 13D filing: http://www.sec.gov/Archives/edgar/data/1340786/000119312514311934/d776599dsc13d.htm