SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D C
FORM 10-Q
QUARTERLY REPORT
Under Section 13 or 15 (d) of the Securities Exchange Act of 1934
FOR SIX MONTHS ENDED
June 30, 1995
Commission File: 0-1999
KENTUCKY INVESTORS, INC.
(Exact name of registrant as specified in Charter)
KENTUCKY 61-6030333
(State of other jurisdiction (IRS Employer
of incorporation or organization) Identification Number)
200 Capital Ave. P.O. Box 717 Frankfort KY 40602
(Address of principal executive offices)
Registrant's telephone number - (502) 223-2361
Securities registered pursuant to Section 13 (g) of the Act:
Common Capital Stock, par value $1.00 per share (Title of Class)
Number of outstanding shares as of June 30, 1995 - 784,481
(Title of Class)
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934
during the preceding 12 months (or for such shorter period that the registrant
was required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. YES_X_ NO____
PART II - OTHER INFORMATION
ITEM 1. Legal Proceedings
Not applicable
ITEM 2. Change in Securities
Not applicable
ITEM 3. Defaults upon Senior Securities
Not applicable
ITEM 4. Submission of Matters to a Vote of Security Holders
(a) The annual meeting of the stockholders was held on May 11, 1995 at 11:00
a.m. The purpose of the meeting was to elect directors and to vote on four
other matters.
(b) Three (3) directors were elected to hold office for a term of three (3)
years or until their successors are duly elected and qualified.
The following individuals were elected for a term of three (3) years and the
number of votes cast was as follows:
Jerry F. Howell, Jr.-- Number of Votes Cast FOR - 607,922; WITHHELD - 150
David W. Reed -- Number of Votes Cast FOR - 607,807; WITHHELD - 165
Warner Hines -- Number of Votes Cast FOR - 607,807; WITHHELD - 165
The other directors whose terms will continue after the meeting are:
Helen S. Wagner
Gordon Duke
Robert M. Hardy, Jr.
Harry Lee Waterfield II
H. Glenn Doran
Jerry F. Howell
(c) Four other matters were voted upon at the meeting and a brief description
and the number of votes cast is as follows:
(1) To approve an amendment to Article VI of the Company's Articles of
Incorporation to increase the number of authorized shares of common stock of the
Company from 1,225,000 to 4,000,000: Number of Votes Cast FOR - 603,432;
AGAINST - 4,190; ABSTAIN - 450.
(2) To approve an amendment to Article X of the Company's Articles of
Incorporation to provide that Directors can only be removed for cause: Number
of Votes Cast FOR - 603,242; AGAINST - 4,380; ABSTAIN - 450.
(3) To approve an amendment to the Company's Articles of Incorporation to add
new Article XIII which will provide for the affirmative vote of at least two-
thirds of the outstanding voting shares to amend or repeal Article X: Number of
Votes Cast FOR - 603,397; AGAINST - 4,225; ABSTAIN - 450.
(4) To approve an amendment to the Company's Articles of Incorporation to add
new Article XIV which will incorporate the provisions of the Kentucky Business
Corporation Act pertaining to Business Combinations: Number of Votes Cast FOR -
606,232; AGAINST - 1,190; ABSTAIN - 650.
ITEM 5. Other Information
Not applicable
ITEM 6. Exhibits and Reports on Form 8-K
(a) Definitive Proxy Statements and Annual Reviews were filed with the
Securities and Exchange Commission.
(b) There were no reports filed on Form 8-K during the quarter ended June 30,
1995.
(c) Exhibit 27 - Financial Data Schedule.
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 thereunto duly authorized.
KENTUCKY INVESTORS, INC.
August 14, 1995
DATE \s\
BY: Harry Lee Waterfield II
President
August 14, 1995
DATE \s\
BY: Jimmy R. McIver, Treasurer
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<PERIOD-END> JUN-30-1995
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