SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
BROADWING INC.
(Name of issuer)
Common Stock
(Title of Class of Securities)
171870108
(CUSIP Number)
Donald J. Wuebbling
400 Broadway
Cincinnati, Ohio 45202
(513) 629-1469
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
November 30, 1999
(Date of Event which Requires filing
of this Statement)
If the filing person has previously filed a statement on Scheduled 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 [ ].
Note: See Rule 13d-7 for other parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
(Continued on following pages)
<PAGE>
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CUSIP No. 171870108 13D Page 2 of 11 Pages
------------------------------- -------------------------------
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
WASLIC COMPANY II (Waslic)
IRS Employer Identification No. 52-1549279
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
00
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Waslic is a Delaware corporation
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NUMBER OF 7 SOLE VOTING POWER
SHARES Waslic - 11,431,678. See item 3
---------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY None
---------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING Waslic - 11,431,678. See item 3.
---------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH None
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
13,358,602 (as a group)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.26%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
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<PAGE>
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CUSIP No. 171870108 13D Page 3 of 11 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
THE WESTERN AND SOUTHERN LIFE INSURANCE COMPANY (Western-Southern)
IRS Employer Identification No. 31-0487145
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
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3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E) [ ]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Western-Southern is an Ohio corporation
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NUMBER OF 7 SOLE VOTING POWER
SHARES Western-Southern 1,563,510. See item 3
---------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY None
---------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING Western-Southern 1,563,510. See item 3.
---------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH None
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
13,358,602 (as a group)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.26%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IC
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<PAGE>
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CUSIP No. 171870108 13D Page 4 of 11 Pages
------------------------------- -------------------------------
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
COLUMBUS LIFE INSURANCE COMPANY (Columbus Life) IRS Employer
Identification No. 31-11911427
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E) [ ]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Columbus Life is an Ohio corporation
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NUMBER OF 7 SOLE VOTING POWER
SHARES Columbus Life, 77,700. See item 3
---------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY None
---------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING Columbus Life, 77,700. See item 3.
---------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH None
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
13,358,602 (as a group)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.26%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IC
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<PAGE>
Item 1 Security and Issuer Page 5 of 11 Pages
------ -------------------
This statement relates to the common shares with a par value of $1.00 (the
"Broadwing Common Shares") of Broadwing Inc., an Ohio corporation (the
"Issuer"). The Issuer was formerly named Cincinnati Bell Inc. ("Cincinnati
Bell"). See Item 4 for more information with respect to this change of name. The
address of the principal executive offices of the Issuer is 201 East Fourth
Street, Cincinnati, Ohio 45201.
Item 2 Identity and Background
------ -----------------------
(a), (b) and (c)
This statement is being filed by Waslic Company II, a Delaware
corporation, ("Waslic"), with principal business and offices at 802 West
Street, Wilmington, Delaware 19801, The Western and Southern Life Insurance
Company, an Ohio mutual insurance company ("Western-Southern"), with
principal business and offices located at 400 Broadway, Cincinnati, Ohio
45202 and Columbus Life Insurance Company, an Ohio corporation ("Columbus
Life"), with principal business and offices located at 400 East Fourth
Street, Cincinnati, Ohio 45201-5737. Waslic is a wholly owned investment
subsidiary of Western-Southern. Western-Southern operates as a life
insurance company and is licensed as such in 43 states and the District of
Columbia. Funds to make new investments are obtained from revenues.
Columbus Life is a wholly owned subsidiary of Western-Southern and operates
as a life insurance company and is licensed in 44 states and the District
of Columbia. Any further references to Western-Southern in this Schedule
13D will include Waslic unless the context indicates otherwise.
A list of the names, including business addresses and present
principal occupation of the directors and executive officers of Waslic,
Western-Southern and Columbus Life is attached hereto as Schedule A.
(d) During the last five years neither Waslic, Western-Southern, nor
Columbus Life, and to the best knowledge of Waslic, Western-Southern and
Columbus Life none of the persons whose names are set forth in Schedule A,
were convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) During the last five years neither Waslic, Western-Southern, nor
Columbus Life were, and to the best knowledge of Waslic, Western-Southern
and Columbus Life none of the persons whose names are set forth in Schedule
A, were a party to a civil proceeding of a judicial or administrative body
of competent jurisdiction and as a result of such proceeding was or is
subject to a judgment, decree or final order enjoining future violations
of, or prohibiting or mandating activities subject to, federal or state
securities laws of finding any violation with respect to such laws.
(f) To the best knowledge of Waslic, Western-Southern and Columbus
Life all persons whose names are set forth in Schedule A are citizens of
the United States of America.
Item 3 Source and Amount of Funds or Other Consideration
------ -------------------------------------------------
Not applicable.
Item 4 Purpose of Transaction
------ ----------------------
On November 9, 1999, Issuer completed its acquisition of IXC
Communications, Inc. ("IXC"). Issuer financed its acquisition of IXC by
exchanging 2.0976 shares of Cincinnati Bell Common Shares for each share of IXC
Common Shares held by IXC shareholders. Issuer also issued in exchange
Cincinnati Bell 7-1/4% preferred stock for each share of IXC 7-1/4% preferred
stock; and one depositary share of Cincinnati Bell 6-3/4% preferred stock for
each depositary share of IXC 6-3/4% preferred stock. Each share of IXC 12-1/2%
preferred stock remains outstanding as 12-1/2% preferred stock of the Issuer.
<PAGE>
Page 6 of 11 Pages
On November 15, 1999, the Issuer announced it would be changing its name
from Cincinnati Bell, Inc., to Broadwing Inc. Thus the shares in Cincinnati Bell
owned by Waslic, Western-Southern and Columbus Life are now designated Broadwing
Common Shares. As a result of the share exchange utilized to finance the
acquisition of IXC by Issuer, the percentage of Broadwing Common Shares owned by
Waslic, Western-Southern and Columbus Life decreased from 10.2% to 6.26%.
Item 5 Interest in Securities of the Issuer
------ ------------------------------------
(a) Waslic, Western-Southern and Columbus Life beneficially own in the
aggregate 13,098,992 shares of Broadwing Common Shares. This position
represents 6.26% of all of the Broadwing Common Shares outstanding.
(b) Western-Southern has the sole power to vote or to direct the vote and
sole power to dispose of or direct the disposition of an aggregate of
13,358,602 shares of Broadwing Common Shares, consisting of 1,563,510
shares beneficially owned by Western-Southern, 11,431,678 shares
beneficially owned by Waslic; 77,700 shares beneficially owned by Columbus
Life; 1,500 shares beneficially held by Western-Southern's Voluntary
Employees Benefit Association; and 285,714 shares held by Western-Southern
Enterprise Fund Inc. ("Western-Southern Fund"), which is controlled by
Western-Southern and is organized exclusively for charitable, religious,
educational and scientific purposes, including, the making of distribution
to organizations that qualify as exempt organizations under Section
501(c)(3) of the Internal Revenue Code of 1986, as amended.
(c) No shares of Broadwing Common Shares have been purchased or otherwise
acquired by Western-Southern during the past 60 days, other than as
described herein.
(d) Not applicable.
(e) Not applicable.
Item 6 Contracts, Arrangements, Understandings or Relationships with Respect
------ to Securities of the Issuer.
-----------------------------------------------------------------------
Waslic, Western-Southern and Columbus Life have no contracts, arrangements,
understandings or relationships (legal or otherwise) among the persons named in
Item 2 and between such persons and any person with respect to any securities of
the Issuer, including but not limited to transfer or voting of any of the
securities, finder's fees, joint ventures, loan or option arrangements, puts or
calls, guaranties of profits, division of profits or loss, or the giving or
withholding of proxies.
Item 7 Material to be Filed as Exhibits
------ --------------------------------
There are no written agreements, contracts, arrangements, understandings,
plans or proposals by or between the persons named in Item 2 and any other
person relating to (1) the borrowing of funds to finance the acquisition as
disclosed in Item 3; or (2) the acquisition of control of the Issuer,
liquidation, sales of assets, merger or any change in business or corporate
structure or any other matter as disclosed in Item 6.
<PAGE>
Page 7 of 11 Pages
Signature
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: August 30, 2000.
THE WESTERN AND SOUTHERN LIFE INSURANCE COMPANY
/s/ William F. Ledwin
-------------------------------------
William F. Ledwin, Senior Vice President and Chief Investment Officer
WASLIC COMPANY II
/s/ Daniel F. Lindley
------------------------------------
Daniel F. Lindley, President and Secretary
COLUMBUS LIFE INSURANCE COMPANY
/s/ William F. Ledwin
-------------------------------------
William F. Ledwin, Vice President and
Chief Investment Officer
<PAGE>
Page 8 of 11 Pages
Schedule A
The following table sets forth information concerning the directors of
Western-Southern
<TABLE>
<CAPTION>
Name Principal Occupation Business Address
<S> <C> <C>
John F. Barrett President and Chief Executive Officer *
Western-Southern
Donald A. Bliss Formerly Chief Executive Officer, 10892 E. Fanfol Lane
Northwestern Bell and Vice President, Scottsdale, Arizona 85259
U.S. West Communications
James N. Clark Secretary *
Dr. Lawrence C. Hawkins Owner, The LCH Resource 3909 Reading Road
Cincinnati, Ohio 45229
The Rev. James E. Hoff President, Xavier University 3800 Victory Parkway
Cincinnati, Ohio 45207
Dr. J. Harold Kotte Formerly President, Cardiology *
Associates of Cincinnati
Eugene P. Ruehlmann Attorney-at-Law, Vorys, Sater Suite 2100, 221 E. 4th Street
Seymour and Pease Cincinnati, Ohio 45202
George H. Walker III Chairman of the Board, 500 N. Broadway
Stifel Financial Corp. St. Louis, Illinois 63102
Thomas L. Williams President, North American Properties 212 E Third Street, Suite 300
Cincinnati, Ohio 45202
William J. Williams Chairman of the Board, Western-Southern *
</TABLE>
*Business address is 400 Broadway, Cincinnati, Ohio 45202
<PAGE>
Page 9 of 11 Pages
The following table sets forth information concerning executive officers of
Western-Southern
Name Principal Occupation Business Address
John F. Barrett President and Chief Executive Officer *
James N. Clark Secretary *
Bryan C. Dunn Senior Vice President and Chief
Marketing Officer *
Clint D. Gibler Vice President Technology *
Noreen J. Hayes Senior Vice President *
Dale P. Hennie Senior Vice President *
Carroll R. Hutchinson Senior Vice President *
William F. Ledwin Senior Vice President and Chief
Investment Officer *
Jill T. McGruder Senior Vice President *
J. J. Miller Senior Vice President *
Nora E. Moushey Senior Vice President and Chief Actuary *
James M. Teeters Senior Vice President *
Robert L. Walker Senior Vice President and Chief Financial
Officer *
William J. Williams Chairman of the Board *
Donald J. Wuebbling Senior Vice President and General Counsel *
*Business address is 400 Broadway, Cincinnati, Ohio 45202
<PAGE>
Page 10 of 11 Pages
The following table sets forth information concerning the directors of
Waslic Company II
<TABLE>
<CAPTION>
Name Principal Occupation Business Address
<S> <C> <C>
Wilson J. C. Braun, Jr. President J.P. Morgan Trust Company 500 Stanton Christiana Road
Of Delaware Newark, Delaware 19713
William F. Ledwin Senior Vice President and Chief 400 Broadway
Investment Officer, Western-Southern Cincinnati, Ohio 45202
And President of Forth Washington
Investment Advisors, Inc.
Daniel F. Lindley Attorney-at-Law, Reed, Smith & 1201 Market Street
McClay LLP Wilmington, Delaware 19801
Donald J. Wuebbling Senior Vice President and General 400 Broadway
Counsel, Western-Southern Cincinnati, Ohio 45202
The following table sets forth information concerning the executive officers of
Waslic Company II.
Name Principal Occupation Business Address
Wilson J. C. Braun, Jr. President, J.P. Morgan Trust 500 Stanton-Christiana Road
Vice President and Treasurer Company of Delaware Newark, Delaware, 19713
Terence Connelly Client Service Specialist, Morgan 500 Stanton-Christiana Road
Vice President and Assistant Guaranty Trust Company Newark, Delaware 19713
Secretary
Daniel F. Lindley Attorney-at-Law, Reed, Smith 1201 Market Street
President and Secretary Shaw & McClay, LLP Wilmington, Delaware 19801
H. Christian Raymond Vice President, J.P. Morgan 500 Stanton Christiana Road
Vice President and Assistant Newark, Delaware 19713
Secretary
Norman J. Shuman President, Belfint, Lyons & Shuman 200 West Ninth Street Plaza
Vice President Wilmington, Delaware 19899
<PAGE>
Page 11 of 11 Pages
The following table sets forth information concerning the directors of Columbus Life
Name Principal Occupation Business Address
Paul H. Amato Retired President of Columbus Life 6216 Whileaway
Loveland, Ohio 45140
John F. Barrett President and Chief Executive Officer *
Western-Southern
James N. Clark Secretary, Western Southern *
Lawrence L. Grypp President and Chief Executive Officer 400 East Fourth Street
Columbus Life Cincinnati, Ohio 45201-5737
Robert C. Savage President and Chief Executive Officer PO Box 8526
Savage & Associates Franklin Park Stations
Toledo, Ohio 43623
Ralph E. Waldo Retired President of Columbus Life 3974 Patricia Drive
Columbus Ohio 43220
William J. Williams Chairman of the Board, Western-Southern *
The following table set forth information concerning the executive officers of
Columbus Life
Name Principal Occupation Business Address
John F. Barrett Vice Chairman of the Board, *
Columbus Life
Lawrence L. Grypp President and Chief Executive Officer, 400 East Fourth Street
Columbus Life Cincinnati, Ohio 45201-5737
William J. Williams Chairman of the Board, Columbus Life *
</TABLE>
*Business address is 400 Broadway, Cincinnati, Ohio 45202
