UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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 [ ].
<PAGE>
CUSIP No. 816006-10-0 Page 2
SCHEDULE 13D
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1 NAME OF REPORTING PERSONS
Charles H. Powers
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 2,093,801
OWNED BY
EACH
REPORTING
PERSON WITH
------------------------------------------------------------
8 SHARED VOTING POWER
------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,531,301
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
562,500
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,093,801
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES ( )
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.7%
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14 TYPE OF REPORTING PERSON
IN
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<PAGE>
CUSIP No. 816006-10-0 Page 3
SCHEDULE 13D
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1 NAME OF REPORTING PERSONS
Walker S. Powers
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 363,750
OWNED BY
EACH
REPORTING
PERSON WITH
------------------------------------------------------------
8 SHARED VOTING POWER
------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
251,250
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
112,500
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
363,750
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES ( )
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.7%
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14 TYPE OF REPORTING PERSON
IN
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<PAGE>
CUSIP No. 816006-10-0 Page 4
SCHEDULE 13D
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1 NAME OF REPORTING PERSONS
Jane E. Huggins
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
------------------------------------------------------------
8 SHARED VOTING POWER
90,624
------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
90,624
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
90,624
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES ( )
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.2%
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14 TYPE OF REPORTING PERSON
IN
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<PAGE>
CUSIP No. 816006-10-0 Page 5
SCHEDULE 13D
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1 NAME OF REPORTING PERSONS
Rex W. Huggins
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
------------------------------------------------------------
8 SHARED VOTING POWER
90,624
------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
90,624
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
90,624
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES ( )
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.2%
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14 TYPE OF REPORTING PERSON
IN
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<PAGE>
CUSIP No. 816006-10-0 Page 6
This Amendment No. 2 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 The 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. 1 to the Schedule 13D, Charles H. Powers
has acquired 203,000 Shares which were purchased by Charles H. Powers for an
aggregate purchase price (excluding commission) of $821,285, which amount was
provided from his working capital.
Since the date of Amendment No. 1 to the Schedule 13D, neither Walker
Powers, Jane Huggins, nor Rex Huggins have acquired any Shares.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 to Schedule 13D is hereby amended, in pertinent part, as follows:
(a)-(b) As of the close of the business day on December 15, 1998,
Charles H. Powers directly owned in the aggregate 1,530,301 Shares, which
represents approximately 19.7% of the 7,774,852 Shares outstanding as of
November 6, 1998, as reported in the Company's Quarterly Report on Form 10-Q for
the quarter ended September 30, 1998 (the "Outstanding Shares"). 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 1,531,301 Shares and the
shares power to dispose or to direct the disposition of 562,500 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 this Item 5(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).
Except as set forth herein, none of the Reporting Persons has effected
any transaction in the Shares during the past 60 days.
<PAGE>
CUSIP No. 816006-10-0 Page 7
ITEM 7. MATERIAL 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.
<PAGE>
CUSIP No. 816006-10-0 Page 8
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.
Dated: December 15, 1998
/S/ CHARLES H. POWERS
-----------------------------------
Charles H. Powers
<PAGE>
CUSIP No. 816006-10-0 Page 9
EXHIBIT INDEX
EXHIBIT DESCRIPTION
------- -----------
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.
CUSIP NO. 816006-10-0
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
