FIRST COMMONWEALTH CORP
8-K, 2000-04-04
LIFE INSURANCE
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT

     PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934


         Date of Report (Date of earliest event reported) March 27, 2000
                                                          --------------



                         FIRST COMMONWEALTH CORPORATION
                     ---------------------------------------
             (Exact Name of Registrant as specified in its charter)



        VIRGINIA                      0-5392                      54-0832816
- ------------------------           ------------               ---------------
(State or other Juris-              (Commission                 (I.R.S. Employer
diction of incorporation           File Number)              identification No.)



                             5250 SOUTH SIXTH STREET
                                  P.O. BOX 5147
                              SPRINGFIELD, IL 62705
          ------------------------------------------------------------

          (Address of principal executive offices, including zip code)


        Regisrant's telephone number, including area code (217)-241-6300



                                 Not Applicable
          ------------------------------------------------------------
          (Former name or former address, if changed since last report)



<PAGE>

ITEM 5.  OTHER EVENTS

The Boards of Directors of United Trust Group,  Inc. and each of its  affiliates
accepted  the  resignation  of Larry  E.  Ryherd  as  Chairman  of the  Board of
Directors and Chief Executive Officer effective March 27, 2000.

Mr.  Jesse T. Correll was  appointed  as Chairman of the Board of Directors  and
Chief Executive Officer of each of the companies.

Mr.  Correll  is  Chairman  of the Board of  Directors  and  President  of First
Southern Funding,  LLC and First Southern  Bancorp,  Inc., an affiliate of First
Southern Funding, LLC. First Southern Bancorp, Inc. owns First Southern National
Bank,  which  operates out of 14 locations in central  Kentucky.  Mr. Correll is
United Trust Group,  Inc.'s largest shareholder through his ownership control of
First Southern Funding, LLC and its affiliates.

United Trust Group,  Inc. is an insurance  holding company that owns controlling
interests in three life insurance  companies;  Universal Guaranty Life Insurance
Company,  Appalachian  Life  Insurance  Company  and Abraham  Lincoln  Insurance
Company. The administrative  offices of these companies are located primarily in
Springfield, Illinois.



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<PAGE>

                                   SIGNATURES


         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.



                         FIRST COMMONWEALTH CORPORATION
                                  (Registrant)




                                           By:   /s/ James E. Melville
                                                 ---------------------
                                                James E. Melville
                                                President, Chief Operating
                                                  Officer and Director





                                           By:   /s/ Theodore C. Miller
                                                 ----------------------
                                                Theodore C. Miller
                                                Senior Vice President and
                                                  Chief Financial Officer


Date:  April 4, 2000
                                       3
<PAGE>


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