-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PXGbr6H1waOF3K7VYJAMfIlFFwzpHghkTD8/TaKYeWSNzyfAMhdVRjcRSza5fmPe wG06ci9XEY+o4QCbIU5JDA== /in/edgar/work/0000950170-00-001871/0000950170-00-001871.txt : 20001121 0000950170-00-001871.hdr.sgml : 20001121 ACCESSION NUMBER: 0000950170-00-001871 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20001120 GROUP MEMBERS: JANE HUGGINS GROUP MEMBERS: POWERS CHARLES H GROUP MEMBERS: REX HUGGINS GROUP MEMBERS: WALKER S. POWERS SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SEIBELS BRUCE GROUP INC CENTRAL INDEX KEY: 0000276380 STANDARD INDUSTRIAL CLASSIFICATION: [6331 ] IRS NUMBER: 570672136 STATE OF INCORPORATION: SC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-20931 FILM NUMBER: 773065 BUSINESS ADDRESS: STREET 1: 1501 LADY ST STREET 2: P O BOX 1 CITY: COLUMBIA STATE: SC ZIP: 29201 BUSINESS PHONE: 8037482000 MAIL ADDRESS: STREET 1: 1501 LADY ST STREET 2: P O BOX 1 CITY: COLUMBIA STATE: SC ZIP: 29201 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: POWERS CHARLES H CENTRAL INDEX KEY: 0001062165 STANDARD INDUSTRIAL CLASSIFICATION: [ ] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 2419 SUMNER STREET CITY: FLORENCE STATE: SC ZIP: 29502 BUSINESS PHONE: 8436691941 SC 13D/A 1 0001.txt CUSIP No. 816006-10-0 Page 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ================================================================================ Amendment No. 7 to SCHEDULE 13D Under the Securities Exchange Act of 1934 The Seibels Bruce Group Inc. (Name of Issuer) Common Stock, $1.00 Par Value Per Share (Title of Class of Securities) 816006-10-0 (CUSIP Number) Mr. Charles H. Powers (843)661-1941 2419 Summer Street Extension Florence, SC 29502 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) Copy To: Francisco G. Llaca, Jr., Esq. Suite 720 25 S. E. Second Avenue Miami, FL 33131 (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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ]. SCHEDULE 13D
- --------------------- --------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS Charles H. Powers - --------------------- --------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [x] - --------------------- --------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - --------------------- --------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS PF - --------------------- --------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ( ) - --------------------- --------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - --------------------- --------------------------------------------------------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER BENEFICIALLY OWNED BY EACH REPORTING 3,183,026 PERSON WITH ------------ -------------------------------------------------------------------------------------- 8 SHARED VOTING POWER ------------ -------------------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 3,183,026 ------------ -------------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER - --------------------- --------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,183,026 - --------------------- --------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ( ) - --------------------- --------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 41% - --------------------- --------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - --------------------- ---------------------------------------------------------------------------------------------------
- --------------------- --------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS Estate of Walker Powers - --------------------- --------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [x] - --------------------- --------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - --------------------- --------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS PF - --------------------- --------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ( ) - --------------------- --------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - --------------------- --------------------------------------------------------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER BENEFICIALLY OWNED BY EACH REPORTING 253,750 PERSON WITH ------------ -------------------------------------------------------------------------------------- 8 SHARED VOTING POWER ------------ -------------------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 253,750 ------------ -------------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER - --------------------- --------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 253,750 - --------------------- --------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ( ) - --------------------- --------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3% - --------------------- --------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - --------------------- ---------------------------------------------------------------------------------------------------
- --------------------- --------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS Rex and Jane Huggins - --------------------- --------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [x] - --------------------- --------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - --------------------- --------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS PF - --------------------- --------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ( ) - --------------------- --------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - --------------------- --------------------------------------------------------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER BENEFICIALLY OWNED BY EACH REPORTING 71,500 PERSON WITH ------------ -------------------------------------------------------------------------------------- 8 SHARED VOTING POWER ------------ -------------------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 71,500 ------------ -------------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER - --------------------- --------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 71,500 - --------------------- --------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ( ) - --------------------- --------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.9% - --------------------- --------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - --------------------- ---------------------------------------------------------------------------------------------------
This Amendment No. 7 to Schedule 13D is being filed on behalf of the undersigned Reporting Person to amend the Schedule 13D filed with the Securities and Exchange Commission (the "Commission") on October 3, 1996, as amended (as amended, the "Schedule 13D") relating to shares of common stock, par value $1.00 per share (the "Shares") of Seibels Bruce Group Inc., a South Carolina corporation (the "Company"). Unless otherwise indicated, all capitalized terms used herein but not defined herein shall have the same meanings as set forth in the Schedule 13D. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. Item 3 to the Schedule 13D is hereby amended, in pertinent part, as follows: Since the date of Amendment No. 6 to the Schedule 13D, Charles H. Powers has acquired 178,775 Shares which were purchased by Charles Powers for an aggregate purchase price (excluding commission) of $139,444.50, which amount was provided from his working capital. Since the date of Amendment No. 6 to the Schedule 13D, neither the Estate of Walker Powers, Jane Huggins, nor Rex Huggins have acquired any shares. ITEM 5. INTEREST IN SECURITIES OF ISSUER. Item 5 to the Schedule 13D is hereby amended, in pertinent part, as follows: (a)-(b) As of the close of the business day November 13, 2000 Charles H. Powers directly owned in the aggregate 3,183,026 Shares, which represents approximately 41% of the 7,832,000 Shares outstanding as of September 30, 2000, as reported in the Company's Quarterly Report on Form 10Q for the quarter ended September 30, 2000 (the "Outstanding Shares"). Of those 3,183,026 Shares, 5,000 are options granted in 1,250 Share increments for the years 1997, 1998, 1999, and 2000 pursuant to the Company's Stock Option Plan for Non-Employee Directors. Charles H. Powers has the sole power to vote or direct the vote of all the Shares, and the sole power to dispose or to direct the disposition of 3,183,026 Shares. As of the close of business day of November 13, 2000, The Estate of Walker Powers directly owned in the aggregate 253,750 Shares, which represents approximately 3% of the 7,832,000 Shares outstanding as of September 30, 2000, as reported in the Company's Quarterly Report on Form 10Q for the quarter ended September 30, 2000 (the "Outstanding Shares"). Mr. Walker Powers died on January 20, 2000. Of those 253,750 Shares, 3,750 are options granted in 1,250 Share increments for the years 1997, 1998, and 1999 pursuant to the Company's Stock Option Plan for Non-Employee Directors. The Estate of Walker Powers has the sole power to vote or direct the vote of all the shares, and the sole power to dispose or to direct the disposition of 253,750 Shares. As of the close of business day of November 13, 2000, Rex and Jane Huggins directly owned in the aggregate 71,500 Shares, which represent approximately .9 % of the 7,832,000 Shares outstanding as of September 30,2000, as reported in the Company's Quarterly Report on Form 10Q for the quarter ended September 30, 2000 (the "Outstanding Shares"). Rex and Jane Huggins jointly have the power to vote or direct the vote of all the Shares, and the power to dispose or to direct the disposition of 71,500 Shares. By reason of the provisions of Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the "Act"), Mr. Charles H. Powers, Walker Powers, Jane Huggins and Rex Huggins may be deemed to be a "group". By reason of the provisions of Rule 13d-5 under the Act, the group consisting of these individuals may be deemed to own all the Shares beneficially owned by Charles H. Powers, Walker Powers, Jane Huggins and Rex Huggins. Mr. Charles H. Powers, Walker Powers, Jane Huggins and Rex Huggins do not affirm the existence of such a group and disclaim beneficial ownership of Shares directly held by each individual. Except as set forth in Item (a)-(b), each of the persons named in this Item 5 (a)-(b) disclaims beneficial ownership of any Shares owned beneficially or of record by any other person named in this Item 5 (a)-(b). (c) Within the last sixty days, Charles Powers has purchased 178,775 Shares through a private transaction as follows: Date Number of Shares Price per Share - ---- ---------------- --------------- 11/9/00 178,775 $.78 Except as set forth herein, none of the Reporting Persons has effected any transaction in the Shares during the past sixty days. ITEM 7. MATERIALS TO BE FILED AS EXHIBITS Exhibit 1.1. Joint Filing Agreement. The original was filed with Amendment 1 to the Schedule 13D on May 18, 1998. A copy of the original is attached hereto as Exhibit 1.1. SIGNATURE After reasonable inquiry and to the best of each of the undersigned's knowledge and belief, each certifies that the information set forth in this statement is true, complete, and correct. /s/ Charles H. Powers --------------------------------- Charles H. Powers CUSIP No. 816006-10-0 Page 9 EXHIBIT INDEX Exhibit 1.1. Joint Filing Agreement. The original was filed with Amendment 1 to the Schedule 13D on May 18, 1998. A copy of the original is attached hereto as Exhibit 1.1. EX-1.1 2 0002.txt CUSIP No. 816006-10-0 Page EXHIBIT 1.1 JOINT FILING AGREEMENT The undersigned parties hereby agree that the Schedule 13D/A, filed herewith (and any amendments thereto) relating to the stock of The Seibels Bruce Group, Inc., is being filed jointly with the Securities and Exchange Commission, pursuant to Rule 13d-1(f) under the Securities Exchange Act of 1934, as amended, on behalf of each such person. In addition, each of the undersigned hereby authoriz4es Charles H. Powers and Walker S. Powers and each of them, with full power of substitution, to execute in the name and on behalf of the undersigned any report pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended, including any amendment to the Schedule 13D/A filed herewith with respect to the undersigned's beneficial ownership of securities, including derivative securities, of the The Seibels Bruce Group, Inc. (the "Company") and any joint filing agreement with respect thereto and to file the same, with any exhibits thereto (including this Joint Filing Agreement), and any amendments thereto as the person(s) so acting deems appropriate with the Securities and Exchange commission. The Nasdaq Stock Market and the Company. Date: May 18, 1998 /s/ Charles H. Powers --------------------------------- Charles H. Powers /s/ Walker S. Powers --------------------------------- Walker S. Powers /s/ Jane E. Huggins --------------------------------- Jane E. Huggins /s/ Rex W. Huggins --------------------------------- Rex W. Huggins -----END PRIVACY-ENHANCED MESSAGE-----