SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Amendment No. 2
Milwaukee Land Company
------------------------
(Name of Issuer)
Common Stock, $.30 par value
(Title of class of securities)
602302101
(CUSIP Number)
Michael P. Maloney, Esq.
Senior Vice President, General Counsel and Secretary
Orion Capital Corporation
600 Fifth Avenue
New York, New York 10020
(212) 332-8080
- --------------------------------------------------------------------------------
(Name, address and telephone number of person authorized to receive notices and
communications)
April 10, 1997
- --------------------------------------------------------------------------------
(Date of event which requires filing of this statement)
If filing person has previously filed a statement on Schedule 13G to report the
acquisition which is the subject of this statement and is filing this statement
because of Rule 13d-l(b) (3) or (4), check the following:
Check the following box if a fee is being paid with this statement: []
(Continued on following pages)
Page 1 of 23 Pages
Exhibit Index appears on Page 9
<PAGE>
CUSIP No. 602302101
- --------------------------------------------------------------------------------
1) Names of Reporting Persons (a) Orion Capital Corporation
S.S. or IRS Identification IRS No. 95-6069054
Nos. of Above Persons (b) Connecticut Specialty Insurance
Company
IRS No. 06-1121822
(c) Design Professionals Insurance
Company
IRS No. 94-2319176
(d) EBI Indemnity Company
IRS No. 06-1092819
(e) The Fire & Casualty Insurance
Company of Connecticut
IRS No. 06-0640218
(f) Security Insurance Company
of Hartford
IRS No. 06-0529570
(g) The Connecticut Indemnity Company
IRS No. 06-0303520
(h) Guaranty National Corporation
IRS No. 84-0445021
(i) Guaranty National Insurance Company
IRS No. 86-0638259
- --------------------------------------------------------------------------------
2) Check the Appropriate Box if a (a)
Member of a Group (b) X
(c) X
(d) X
(e) X
(f) X
(g) X
(h) X
(i) X
(See Instructions)
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Source of Funds (a) AF
(See Instructions) (b) WC
(c) WC
(d) WC
(e) WC
(f) WC
(g) WC
(h) AF
(i) WC
________________________________________________________________________________
5) Check if Disclosure of Legal
Proceedings are Required
Pursuant to Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
- 2 -
<PAGE>
6) Citizenship or Place of (a) Delaware
Organization (b) Connecticut
(c) California
(d) Connecticut
(e) Connecticut
(f) Connecticut
(g) Connecticut
(h) Colorado
(i) Colorado
(7) Sole Voting
Number Power 97,300
of Shares (8) Shared Voting
Beneficially Power
Owned by (9) Sole Dispositive
Each Reporting Power 97,300
Person With (10) Shared Dispositive
Power
- --------------------------------------------------------------------------------
11) Aggregate Amount Beneficially
Owned by Each Reporting Person 97,300
- --------------------------------------------------------------------------------
12) Check if the Aggregate Amount
in Row (11) Excludes Certain
Shares (See Instructions)
- --------------------------------------------------------------------------------
13) Percent of Class Represented
by Amount in Row (11) 5.8%
- --------------------------------------------------------------------------------
14) Type of Reporting Person (a) CO, HC
(See Instructions) (b) CO, IC
(c) CO, IC
(d) CO, IC
(e) CO, IC
(f) CO, IC
(g) CO, IC
(h) CO, HC
(i) CO, IC
- 3 -
<PAGE>
Item 1. Security and Issuer.
--------------------
This statement relates to the Common Stock, $.30 par value (the
"Common Stock"), of the Milwaukee Land Company ("MLC"). The
principal executive offices of MLC are located at 547 W. Jackson
Boulevard, Chicago, Illinois 60661.
Item 2. Identity and Background.
------------------------
This statement is filed by Orion Capital Corporation ("Orion"),
a Delaware corporation with its principal executive offices at 600
Fifth Avenue, New York, New York 10020, six of Orion's wholly-owned
subsidiaries, together with Guaranty National Corporation, an
affiliate of Orion and one of its subsidiaries. The six wholly-owned
subsidiaries of Orion are as follows: Connecticut Specialty Insurance
Company. ("CSIC"), a Connecticut corporation; Design Professionals
Insurance Company ("DPIC"), a California corporation; EBI Indemnity
Company ("EBIC"), a Connecticut corporation; The Fire & Casualty
Insurance Company of Connecticut ("F&C"), a Connecticut corporation;
Security Insurance Company of Hartford ("SICH"), a Connecticut cor-
poration; and The Connecticut Indemnity Company ("CIC") a Connecticut
corporation. (The six subsidiaries listed above are sometimes
referred to herein as the "Subsidiaries.") The principal offices of
the Subsidiaries are located at 9 Farm Springs Road, Farmington,
Connecticut 06032. Orion owns, directly or indirectly, all of the
outstanding capital stock of each of the Subsidiaries. The
Subsidiaries underwrite and sell most types of property and casualty
insurance with an emphasis on commercial insurance in specialized
markets.
- 4 -
<PAGE>
Orion owns approximately 81.0% of the common stock of Guaranty
National Corporation ("GNC"), a Colorado corporation; and GNC, in
turn, owns all of the outstanding common stock of Guaranty National
Insurance Company ("GNIC"), a Colorado corporation. (GNC and its
subsidiary GNIC are sometimes referred to herein as the
"Affiliates.") The principal offices of the Affiliates are located
at 9800 South Meridian Boulevard, Englewood, Colorado 80112. GNIC
underwrites and sells non-standard commercial and personal automobile
insurance.
The executive officers and directors of Orion and each of the
Subsidiaries and Affiliates, together with their present principal
occupations and the names, principal businesses and addresses of any
corporations or other organizations in which such principal
occupations are conducted, appear in Exhibit C hereto.
Each of the persons listed in Exhibit C hereto is a citizen of
the United States, except for Gordon F. Cheesbrough, Graham A.
Addington and Aileen Ekmekjian, who are citizens of Canada. Graham
A. Addington, who has dual citizenship, is also a citizen of the
United Kingdom. Neither Orion, any of the Subsidiaries, nor either
of the Affiliates, nor to their best knowledge, any executive officer
or director of Orion, any of the Subsidiaries or either of the
Affiliates has, during the last five years, been convicted in any
criminal proceeding, excluding traffic violations or similar
misdemeanors, or been a party to a civil proceeding of a judicialor
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, or finding
any violation with respect to such laws.
- 5 -
<PAGE>
This statement amends Items 2, 3 and 5 of the Schedule 13D dated
July 22, 1993 and Amendment No. 1 to Schedule 13D dated July 28, 1993
and filed with the Commission by Orion and its Subsidiaries and
Affiliates by adding to such items the information contained herein.
Item 3. Source and Amount of Funds or Other Consideration.
---------------------------------------------------
The MLC Common Stock referred to in Item 5 hereof has been sold
subsequent to July 22, 1993 with $122,573.00 received as consideration.
Item 5. Interest in Securities of Issuer.
---------------------------------
As of June 18, 1993, Orion and its Subsidiaries and Affiliates
owned a total of 51,500 shares of the common stock of Chicago
Milwaukee Corporation ("CMC"), a closed end management investment
company. All of these shares have been owned for more than 60 days.
CMC distributed to its shareholders the Common Stock of MLC on a
share-for-share basis. As shareholders of CMC on June 18, 1993, the
record date for the distribution, Orion and its Subsidiaries and
Affiliates received a total of 51,500 shares of MLC Common Stock on
June 30, 1993, the distribution date. In addition SICH purchased
39,100 shares of MLC Common Stock in the open market.
Since the initial filing on Schedule 13D, SICH purchased an
additional 22,500 shares of MLC Common Stock on the dates and at the
prices set forth in Exhibit A hereto. Since Amendment No. 1 to the
Schedule 13D, the Subsidiaries sold 15,800 shares of MLC Common Stock
on the dates and the price set forth in Exhibit B hereto. All of the
shares were purchased or sold in open market transactions on the
American Stock Exchange.
According to the MLC Information Statement dated June 6, 1996,
there were 1,671,238 shares of MLC Common Stock issued and
- 6 -
<PAGE>
outstanding. Orion may be deemed to be the beneficial owner of all
shares of MLC Common Stock owned by the Subsidiaries and the
Affiliates. The Subsidiaries and the Affiliates own 97,300 shares in
the aggregate, of which 51,500 were received in the June 30
distribution and a total of 61,600 shares were purchased in the open
market prior to July 22, 1993 and 15,800 were sold in the open market
thereafter. Such shares represent approximately 5.8% of MLC's Common
Stock. Of the 97,300 shares, SICH owns 32,000 shares, CIC owns
27,200 shares, DPIC owns 2,700 shares, F&C owns 23,100 shares, CSIC
owns 2,000 shares; EBIC owns 3,800 shares; and GNIC owns the balance
of 6,500 shares.
- 7 -
<PAGE>
Signatures
-----------
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.
ORION CAPITAL CORPORATION
By: /s/ W. Marston Becker
----------------------------
W. Marston Becker
Chairman of the Board and
Chief Executive Officer
CONNECTICUT SPECIALTY INSURANCE
COMPANY
DESIGN PROFESSIONALS INSURANCE
COMPANY
EBI INDEMNITY COMPANY
THE FIRE & CASUALTY INSURANCE
COMPANY OF CONNECTICUT
SECURITY INSURANCE COMPANY OF
HARTFORD
THE CONNECTICUT INDEMNITY COMPANY
By: /s/ W. Marston Becker
--------------------------------
W. Marston Becker
Chairman of the Board
GUARANTY NATIONAL CORPORATION
GUARANTY NATIONAL INSURANCE COMPANY
By: /s/ W. Marston Becker
--------------------------------
W. Marston Becker
Chairman of the Board
Dated: April 18, 1997
- 8 -
<PAGE>
EXHIBIT INDEX
Exhibit Page
- ------- ----
A List of Purchases of MLC Common Stock 10
B List of Sales of MLC Common Stock 11
C List of Executive Officers and Directors 12
- 9 -
<PAGE>
EXHIBIT A
Purchases of MLC Common Stock
------------------------------
Price
Per Share
Number of (including
Date Purchaser Shares Commission
- ---- --------- --------- ----------
7/20/93 SICH 2,500 $ 7.175
7/20/93 SICH 500 7.05
7/23/93 SICH 2,000 7.05
7/23/93 SICH 2,500 6.925
7/26/93 SICH 2,500 6.55
7/26/93 SICH 2,500 6.80
7/27/93 SICH 2,000 6.425
7/28/93 SICH 500 6.425
7/28/93 SICH 2,500 6.30
7/29/93 SICH 2,500 6.05
7/29/93 SICH 2,500 6.175
- 10 -
<PAGE>
EXHIBIT B
Sales of MLC Common Stock
--------------------------
Price
Per Share
Number of (including
Date Seller Shares Commission)
- ---- ------ --------- -----------
1/08/96 SICH 1,800 $ 6.44
1/10/96 SICH 4,000 6.44
4/09/96 SICH 5,000 8.46
4/10/96 SICH 5,000 8.585
- 11 -
<PAGE>
EXHIBIT C
Principal Occupation
Name and Address or Employment
- ----------------- ----------------------
W. Marston Becker (1--9) Chairman of the Board and
Orion Capital Corporation Chief Executive Officer of
9 Farm Springs Road Orion and each of the
Farmington, CT 06032 Subsidiaries
Gordon F. Cheesbrough (1) Chairman and Chief
Scotia Capital Markets Executive Officer,
40 King Street West ScotiaMcLeod, Inc.,
Scotia Plaza, 66th Floor Canadian investment
Toronto, Ontario M5W 2X6 dealers
Canada
Bertram J. Cohn (l) Managing Director, First
437 Madison Avenue, 30th Floor Manhattan Company, invest-
New York, New York, l0022 ment bankers
John C. Colman (l) Private investor and
4 Briar Lane consultant
Glencoe, Illinois 60022
Victoria R. Fash (1) Executive Vice President
Cognizant Corporation and Chief Financial
200 Nyala Farms Road Officer of Cognizant
Westport, Connecticut 06880 Corporation
Alan R. Gruber (1--9) Chairman of the Executive
Orion Capital Corporation and Investment Committees
600 Fifth Avenue and Senior Executive
New York, New York 10020 Consultant to Orion;
Chairman of the Board
of GNC and GNIC
Robert H. Jeffrey (l) Chairman of the Board,
The Jeffrey Company Company Jeflion Investment
88 E. Broad Street, Suite l560 Company; Chairman of the
Columbus, Ohio 43215 Board, The Jeffrey
Company, a privately held
investment company which
is the parent of Jeflion
Investment Company
- ------------------------------------------------------------------
(l) Director of Orion (5) Director of SICH
(2) Director of CSIC (6) Director of CIC
(3) Director of EBIC (7) Director of DPIC
(4) Director of F&C (8) Director of GNC
(9) Director of GNIC
- 12 -
<PAGE>
Principal Occupation
Name and Address or Employment
- ---------------- ----------------------
Warren R. Lyons (1) Chairman, Avco Financial
Avco Financial Services Services, a financial
600 Anton Boulevard services company and a
Costa Mesa, California 92628 subsidiary of Textron Inc.
James K. McWilliams (l) Proprietor of McWilliams &
2288 Broadway Company and General
San Francisco, California 94115 Partner, Mt. Eden
Vineyards, Inc.
Ronald W. Moore (1) Adjunct Professor of
Morgan Hall Business Administration,
Soldiers Field Harvard University
Boston, Massachusetts 02163
Robert B. Sanborn (1 & 8) Senior Executive
87 Farm Lane Consultant to Orion
South Dennis, Massachusetts 02660
William J. Shepherd (l & 8) Private investor
109 Golf Edge
Westfield, New Jersey 07090
John R. Thorne (1) Morgenthaler Professor of
Furnace Run Entrepreneurship, Graduate
Laughlintown, Pennsylvania 15655 School of Industrial
Administration, Carnegie-
Mellon University;
Chairman, The Enterprise
Corporation of Pittsburgh,
a non-profit corporation
encouraging and supporting
entrepreneurial businesses
Roger B. Ware (1 & 8) Senior Consultant to
Guaranty National Corporation Guaranty National
9800 South Meridian Boulevard Corporation
Englewood, CO 80112
- -----------------------------------------------------------------
(l) Director of Orion
(8) Director of GNC
- 13 -
<PAGE>
Principal Occupation
Name and Address or Employment
- ---------------- ----------------------
Raymond W. Jacobsen (2--7) Senior Vice President of
Orion Capital Corporation Orion, CIC, EBIC, F&C,
9 Farm Springs Road DPIC and SICH; Chairman of
Farmington, Connecticut 06032 EBIC
Daniel L. Barry (2--7) Senior Vice President and
Orion Capital Corporation Chief Financial Officer of
9 Farm Springs Road Orion, CSIC, EBIC, F&C,
Farmington, Connecticut 06032 DPIC, SICH and CIC
Michael P. Maloney, Esq. (2--7) Senior Vice President,
Orion Capital Corporation General Counsel and
600 Fifth Avenue Secretary of Orion;
New York, New York l0020 Senior Vice President,
Chief Legal Officer
and Assistant Secretary
of each of the Sub-
sidiaries and Assistant
Secretary of GNC
William G. McGovern Senior Vice President and
Orion Capital Corporation Chief Actuary of Orion;
9 Farm Springs Road Senior Vice President and
Farmington, Connecticut 06032 Chief Actuary of each of
the Subsidiaries
Vincent T. Papa (2--8) Senior Vice President
Wm. H. McGee & Co., Inc. of Orion; Chairman of
Four World Trade Center Wm. H. McGee & Co.; Inc.,
Suite 6274 a wholly-owned subsidiary
New York, New York 10048 of Orion; and Senior Vice
President of each of the
Subsidiaries
- -----------------------------------------------------------------
(2) Director of CSIC (6) Director of CIC
(3) Director of EBIC (7) Director of DPIC
(4) Director of F&C (8) Director of GNC
(5) Director of SICH
- 14 -
<PAGE>
Principal Occupation
Name and Address or Employment
- ---------------- ----------------------
Raymond J. Schuyler (2--7) Senior Vice President and
Orion Capital Corporation Chief Investment Officer
600 Fifth Avenue of Orion; Senior Vice
New York, New York 10020 President-Investments of
each of the Subsidiaries
and Vice President-Invest-
ments of GNC and GNIC
Jonathan H. Gice (2--7) Vice President of Orion;
EBI Companies President of EBIC; Vice
325 North Corporate Drive President of CIC, F&C
Brookfield, Wisconsin 53045 and SICH
Lawrence D. Nolen Vice President of CIC,
Orion Capital Companies SICH and F&C
312 Farmington Avenue
Farmington, Connecticut 06032
Ralph M. Herrmann Senior Vice President
Orion Capital Companies of CIC, EBIC and F&C
9 Farm Springs Road
Farmington, Connecticut 06032
Eva Schlehofer Vice President of CSIC,
Orion Capital Companies F&C, SICH and CIC
9 Farm Springs Road
Farmington, Connecticut 06032
Stanley G. Fullwood (2--7) Vice President, General
Orion Capital Companies Counsel and Secretary
9 Farm Springs Road of each of the Sub-
Farmington, Connecticut 06032 sidiaries
Craig A. Nyman Vice President and
Orion Capital Companies Treasurer of Orion and
Farm Springs Road each of the Subsidiaries
Farmington, Connecticut 06032
- -----------------------------------------------------------------
(2) Director of CSIC (6) Director of CIC
(3) Director of EBIC (7) Director of DPIC
(4) Director of F&C
(5) Director of SICH
- 15 -
<PAGE>
Principal Occupation
Name and Address or Employment
- ---------------- ----------------------
Stephen M. Mulready (2--7) Vice President of Orion;
Orion Capital Companies President of CSIC and Vice
9 Farm Springs Road President of F&C, SICH and
Farmington, Connecticut 06032 CIC
Thomas M. Okarma (2--7) Vice President of Orion;
DPIC Companies President of DPIC and Vice
2959 Monterey/Salinas Highway President of SICH and CIC
Monterey, California 93940
Angelica T. Cantlon Vice President of Orion,
Orion Capital Companies Vice President-Human
9 Farm Springs Road Resources of each of the
Farmington, Connecticut 06032 Subsidiaries
Robert T. Claiborne Vice President, Portfolio
Orion Capital Corporation Manager and Director of
600 Fifth Avenue Research of Orion and each
New York, New York 10020 of the Subsidiaries
Claudia F. Lindsey Vice President of Orion
9 Farm Springs Road and Vice President-
Farmington, Connecticut 06032 Business Development of
each of the Subsidiaries
Victor L. Matthews Vice President and
Orion Capital Corporation Controller of Orion
600 Fifth Avenue
New York, New York 10020
David B. Semeraro Vice President of Orion
Orion Capital Companies and Vice President and
9 Farm Springs Road Chief Information Officer
Farmington, Connecticut 06032 of each of the Sub-
sidiaries
Kevin W. Sullivan Vice President and
Orion Capital Corporation Assistant Chief Invest-
600 Fifth Avenue ment Officer of Orion
New York, New York 10020 and each of the Sub-
sidiaries
- -----------------------------------------------------------------
(2) Director of CSIC (6) Director of CIC
(3) Director of EBIC (7) Director of DPIC
(4) Director of F&C
(5) Director of SICH
- 16 -
<PAGE>
Principal Occupation
Name and Address or Employment
- ---------------- ----------------------
William M. Beers Vice President and
DPIC Companies Assistant Secretary of
2959 Monterey/Salinas Highway each of the Subsidiaries
Monterey, California 93940
Leland H. Beman Vice President of each of
Orion Capital Companies the Subsidiaries
9 Farm Springs Road
Farmington, Connecticut 06032
Anne Campbell Vice President of CSIC, F&C
Orion Capital Companies SICH and CIC
9 Farm Springs Road
Farmington, Connecticut 06032
Thomas A. Clark Vice President of CSIC, F&C
Orion Capital Companies SICH and CIC
9 Farm Springs Road
Farmington, Connecticut 06032
Robert A. Lightfoot, Jr. Vice President of CSIC
Orion Capital Companies
9 Farm Springs Road
Farmington, Connecticut 06032
Richard C. Tardif Vice President of each of
Orion Capital Companies the Subsidiaries
9 Farm Springs Road
Farmington, Connecticut 06032
Peter M. Vinci Vice President and
Orion Capital Companies Controller of each of the
9 Farm Springs Road Subsidiaries
Farmington, Connecticut 06032
James W. Webb Vice President of each of
Orion Capital Companies the Subsidiaries
9 Farm Springs Road
Farmington, Connecticut 06032
Kimberley J. Delany Vice President of EBIC,
EBI Companies F&C and CIC
12770 Coit Road
Dallas, TX 75251
- 17 -
<PAGE>
Principal Occupation
Name and Address or Employment
- ---------------- ----------------------
Graham A. Addington Senior Vice President of
DPIC Companies DPIC and Vice President
155 University Avenue of SICH
Toronto, Ontario M5H 3B7
Canada
David J. Vermeulen Vice President of SICH and
DPIC Companies Senior Vice President of
2959 Monterey/Salinas Highway DPIC
Monterey, California 93940
Florence E. Whitmore Vice President of SICH and
DPIC Companies Senior Vice President of
2959 Monterey/Salinas Highway DPIC
Monterey, California 93940
A. Russell Chaney Senior Vice President of
DPIC Companies DPIC
2959 Monterey/Salinas Highway
Monterey, California 93940
Richard D. Crowell Senior Vice President of
DPIC Companies DPIC
2959 Monterey/Salinas Highway
Monterey, California 93940
William M. Demmon Senior Vice President of
DPIC Companies DPIC
2959 Monterey/Salinas Highway
Monterey, California 93940
Patrick C. Ryan Senior Vice President of
DPIC Companies DPIC
2959 Monterey/Salinas Highway
Monterey, California 93940
Theresa A. Buckley Vice President of DPIC
DPIC Companies
2959 Monterey/Salinas Highway
Monterey, California 93940
Paul T. Carroccio Vice President of DPIC
DPIC Companies
2959 Monterey/Salinas Highway
Monterey, California 93940
- 18 -
<PAGE>
Principal Occupation
Name and Address or Employment
- ---------------- ----------------------
Betty J. Crane Vice President of DPIC
DPIC Companies
2959 Monterey/Salinas Highway
Monterey, California 93940
John P. Doran Vice President of DPIC
DPIC Companies
2959 Monterey/Salinas Highway
Monterey, California 93940
Aileen Ekmekjian Vice President of DPIC
DPIC Companies
155 University Avenue
Toronto, Ontario M5H 3B7
Canada
Richard Hardeman Vice President of DPIC
DPIC Companies
2959 Monterey/Salinas Highway
Monterey, California 93940
Gail A. Johnson Vice President of DPIC
DPIC Companies
2959 Monterey/Salinas Highway
Monterey, California 93940
Edmund Kelly Vice President-Finance of
DPIC Companies DPIC
2959 Monterey/Salinas Highway
Monterey, California 93940
Patricia Marshall Vice President of DPIC
DPIC Companies
2959 Monterey/Salinas Highway
Monterey, California 93940
William T. Meisen Vice President of DPIC
DPIC Companies
2959 Monterey/Salinas Highway
Monterey, California 93940
Andrea K. Mennenga Vice President of DPIC
DPIC Companies
2959 Monterey/Salinas Highway
Monterey, California 93940
- 19 -
<PAGE>
Principal Occupation
Name and Address or Employment
- ---------------- ----------------------
Andrea L. Peck Vice President of DPIC
DPIC Companies
2959 Monterey/Salinas Highway
Monterey, California 93940
Denise D. Rose Vice President of DPIC
DPIC Companies
2959 Monterey/Salinas Highway
Monterey, California 93940
Stephen F. Saunders Vice President of DPIC
DPIC Companies
2959 Monterey/Salinas Highway
Monterey, California 93940
Charles Wilson, III Vice President of DPIC
DPIC Companies
2959 Monterey/Salinas Highway
Monterey, California 93940
Dr. Tucker Hart Adams (8) President of The
The Adams Group Adams Group
4822 Alteza Drive, Ste. 300
Colorado Springs, Colorado 80917
Dennis J. Lacey (8) President and Chief
Capital Associates International, Inc. Executive Officer of
7175 W. Jefferson Avenue Capital Associates
Lakewood, Colorado 80235 International, Inc.
M. Ann Padilla (8) President and Chief
Sunny Side Inc./Temp Side Executive Officer of
210 University Boulevard, #550 Sunny Side Inc./Temp Side
Denver, Colorado 80206-4622
Richard R. Thomas (8) Chairman of the Board
Adco General Corporation and Chief Executive
1080 Kalamath Street Officer of Adco General
Denver, Colorado 80204 Corporation
James R. Pouliot (8 & 9) President and Chief
Guaranty National Corporation Executive Officer of
9800 South Meridian Boulevard GNC and GNIC
Englewood, Colorado 80112
- ------------------------------------------------------------------
(8) Director of GNC (9) Director of GNIC
- 20 -
<PAGE>
Principal Occupation
Name and Address or Employment
- ---------------- ----------------------
Michael L. Pautler (9) Senior Vice President-
Guaranty National Corporation Finance/Treasurer and
9800 South Meridian Boulevard Corporate Information
Englewood, Colorado 80112 Systems of GNC and GNIC
Richard M. Beverage Senior Vice President of
Guaranty National Corporation GNC and Senior Vice
9800 South Meridian Boulevard President - Chief Actuary
Englewood, Colorado 80112 of GNIC
Arthur J. Mastera (9) Senior Vice President of
Guaranty National Corporation GNC and Senior Vice
9800 South Meridian Boulevard President - Chief Admini-
Englewood, Colorado 80112 strative Officer of GNIC
Jackie L. Melton Senior Vice President of
Guaranty National Corporation GNC
9800 South Meridian Boulevard
Englewood, Colorado 80112
Fred T. Roberts (9) Senior Vice President of
Guaranty National Corporation GNC and GNIC; President,
9800 South Meridian Boulevard Commercial Lines
Englewood, Colorado 80112
Charles B. Ruzicka Senior Vice President of
Guaranty National Corporation GNC and Senior Vice Presi-
9800 South Meridian Boulevard dent Information Services
of GNIC
Philip H. Urban Senior Vice President of
Guaranty National Corporation GNC and GNIC; President,
9800 South Meridian Boulevard Personal Lines
Englewood, Colorado 80112
Charles E. Hansen (9) Vice President of GNIC
Guaranty National Corporation
9800 South Meridian Boulevard
Englewood, Colorado 80112
Robert N. Billings Senior Vice President -
Guaranty National Corporation General Commercial Divi-
9800 South Meridian Boulevard sion of GNIC
Englewood, Colorado 80112
- -----------------------------------------------------------------
(9) Director of GNIC
- 21 -
<PAGE>
Principal Occupation
Name and Address or Employment
- ---------------- ----------------------
Gregory J. Madson Senior Vice President
Guaranty National Corporation of GNIC
9800 South Meridian Boulevard
Englewood, Colorado 80112
Roy Vega Senior Vice President -
Guaranty National Corporation Collateral Protection
9800 South Meridian Boulevard Division of GNIC
Englewood, Colorado 80112
Robert D. Wilkes Senior Vice President
Guaranty National Corporation of GNIC
9800 South Meridian Boulevard
Englewood, Colorado 80112
Cheryl A. Bishop Vice President -
Guaranty National Corporation Marketing of GNIC
9800 South Meridian Boulevard
Englewood, Colorado 80112
Robert A. Cordell Vice President -
Guaranty National Corporation Controller, Personal
9800 South Meridian Boulevard Lines of GNIC
Englewood, Colorado 80112
James B. Craft Vice President -
Guaranty National Corporation General Counsel
9800 South Meridian Boulevard of GNIC
Englewood, Colorado 80112
Daniel D. Haug Vice President -
Guaranty National Corporation Warranty and Office
9800 South Meridian Boulevard Services, Assistant
Englewood, Colorado 80112 Secretary of GNIC
Patricia T. Hemley Vice President -
Guaranty National Corporation Controller, Commercial
9800 South Meridian Boulevard Operations of GNIC
Englewood, Colorado 80112
Dwight L. Moen Vice President -
Guaranty National Corporation Commercial Lines
9800 South Meridian Boulevard Claims of GNIC
Englewood, Colorado 80112
- 22 -
<PAGE>
Principal Occupation
Name and Address or Employment
- ---------------- ----------------------
James E. Morey Vice President of GNIC
Guaranty National Corporation
9800 South Meridian Boulevard
Englewood, Colorado 80112
James F. Smith Vice President -
Guaranty National Corporation California Claims
9800 South Meridian Boulevard Operations of GNIC
Englewood, Colorado 80112
Gregory R. Spadinger Vice President of GNIC
Guaranty National Corporation
9800 South Meridian Boulevard
Englewood, Colorado 80112
- 23 -
