UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. __)
COMMUNICATION CABLE, INC.
(Name of Issuer)
COMMON STOCK, $1.00 PAR VALUE
(Title of Class of Securities)
203 378 10 4
(CUSIP Number)
Randall L. Attkisson
First Southern Bancorp, Inc.
P. O. Box 328, Stanford, Kentucky 40484
(606) 365-3555
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 24, 1995
(Date of Event Which Requires Filing of This Statement)
<PAGE>
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. /__/
Check the following box if a fee is being paid with this
statement. / x /
<PAGE>
CUSIP NO. - 203 378 10 4
(1) Name of reporting person. . . . First Southern Bancorp, Inc.
S.S. or I.R.S. No. of
above person. . . . . . . . . . . . .
(2) Check the appropriate box
if a member of a group
(see instructions). . . . . . . . . . (a) X
(b)
(3) SEC use only. . . . . . . . . . . . .
(4) Source of funds (see instructions). . WC
(5) Check box if disclosure
of legal proceedings is
required pursuant to
Items 2(d) or 2(e). . . . . . . . . .
(6) Citizenship or place
of organization. . . . . . . . . . . . Kentucky
Number of shares beneficially
owned by each reporting person
with:
(7) Sole voting power. . . . . . . . 124,236
(8) Shared voting power. . . . . . . 0
(9) Sole dispositive power . . . . . 124,236
(10) Shared dispositive power . . . . 0
(11) Aggregate amount beneficially
owned by each reporting person . . . . 124,236
(12) Check box if the aggregate amount
in Row (11) excludes certain
shares (see instructions). . . . . . .
(13) Percent of class represented
by amount in Row (11) . . . . . . . . . 4.7%
(14) Type of reporting person . . . . . . . HC
<PAGE>
CUSIP NO. - 203 378 10 4
(1) Name of reporting person. . . . . . Lancaster Life Reinsurance
Company
S.S. or I.R.S. No. of
above person. . . . . . . . . . . . .
(2) Check the appropriate box
if a member of a group
(see instructions). . . . . . . . . . (a) X
(b)
(3) SEC use only. . . . . . . . . . . . .
(4) Source of funds (see instructions). . WC
(5) Check box if disclosure
of legal proceedings is
required pursuant to
Items 2(d) or 2(e). . . . . . . . . .
(6) Citizenship or place
of organization. . . . . . . . . . . . Arizona
Number of shares beneficially
owned by each reporting person
with:
(7) Sole voting power. . . . . . . . 10,000
(8) Shared voting power. . . . . . . 0
(9) Sole dispositive power . . . . . 10,000
(10) Shared dispositive power . . . . 0
(11) Aggregate amount beneficially
owned by each reporting person . . . . 10,000
(12) Check box if the aggregate amount
in Row (11) excludes certain
shares (see instructions). . . . . . .
(13) Percent of class represented
by amount in Row (11) . . . . . . . . . 0.4%
(14) Type of reporting person . . . . . . . IC
<PAGE>
CUSIP NO. - 203 378 10 4
(1) Name of reporting person. . . . . . Cumberland Lake Shell,
Inc.
S.S. or I.R.S. No. of
above person. . . . . . . . . . . . .
(2) Check the appropriate box
if a member of a group
(see instructions). . . . . . . . . . (a) X
(b)
(3) SEC use only. . . . . . . . . . . . .
(4) Source of funds (see instructions). . WC
(5) Check box if disclosure
of legal proceedings is
required pursuant to
Items 2(d) or 2(e). . . . . . . . . .
(6) Citizenship or place
of organization. . . . . . . . . . . . Kentucky
Number of shares beneficially
owned by each reporting person
with:
(7) Sole voting power. . . . . . . . 14,420
(8) Shared voting power. . . . . . . 0
(9) Sole dispositive power . . . . . 14,420
(10) Shared dispositive power . . . . 0
(11) Aggregate amount beneficially
owned by each reporting person . . . . 14,420
(12) Check box if the aggregate amount
in Row (11) excludes certain
shares (see instructions). . . . . . .
(13) Percent of class represented
by amount in Row (11) . . . . . . . . . 0.5%
(14) Type of reporting person . . . . . . . CO
<PAGE>
Item 1. Security and Issuer
Class of equity security: Common Stock, $1.00 par value
Name and address of principal Communication Cable, Inc.
executive offices: P.O. Box 1757
1378 Charleston Drive
Sanford, North Carolina 27330
Item 2. Identity and background
The name, state of organization, principal business, and the address of
its principal office of each Reporting Person, is set forth below:
First Southern Bancorp, Inc. (FSBI)
(a Kentucky corporation)
(a) The name of this Reporting Person is First Southern Bancorp, Inc.
(b) The state of organization of FSBI is Kentucky.
(c) The principal business of FSBI is a multi-bank holding company. The
address of the principal office of FSBI is P.O. Box 328, 99 Lancaster Street,
Stanford, Kentucky 40484.
(d) During the last five years, FSBI has not been convicted of a criminal
proceeding (excluding traffic violations or similar misdemeanors).
(e) During the last five years, FSBI was not a party to a civil proceeding
of a judicial or administrative body of competent jurisdiction as a result of
which FSBI 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.
Directors, Executive Officers and Controlling Persons of FSBI:
<TABLE>
<CAPTION>
Present Principal
Name Business Address Occupation or Employment
<S> <C> <C>
Jess Correll P.O. Box 328 President and Director
99 Lancaster Street of First Southern
Stanford, KY 40484 Bancorp, Inc. (Bank
holding company)
Randall L. Attkisson P.O. Box 328 Vice President, Treasurer
99 Lancaster Street and Director of First
Stanford, KY 40484 Southern Bancorp, Inc.
(Bank holding company)
<PAGE>
Jill M. Martin P.O. Box 328 Secretary and Controller
99 Lancaster Street of First Southern
Stanford, KY 40484 Bancorp, Inc. (Bank
holding company)
Ward F. Correll P.O. Box 129 Owner, Cumberland Lake
150 Railroad Drive Shell, Inc. (Gasoline
Somerset, KY 42502 wholesaler)
Vincent L. Correll 345 North Highway 27 President and Director
Somerset, KY 42502 of Adamas Diamond
Corporation, Inc.
(Diamond wholesaler)
David S. Downey P.O. Box 295 CEO and Director of
102 West Main Street First Southern National
Stanford, KY 40484 Bank of Lincoln County
(Bank)
Douglas P. Ditto P.O. Box 295 Senior Vice President
102 West Main Street of First Southern
Stanford, KY 40484 National Bank of Lincoln
County (Bank)
John R. Ball P.O. Box 628 CEO and Director of
27 Public Square First Southern National
Lancaster, KY 40444 Bank of Garrard County
(Bank)
Gary Dick P.O. Box 489 CEO and Director of
216 North Main St. First Southern National
Monticello, KY 42633 Bank of Wayne County
(Bank)
James P. Rousey P.O. Box 480 CEO and Director of
Orchard Center First Southern National
Suite L Bank of Jessamine
Nicholasville, KY 40356 County and First Southern
National Bank of Fayette
County (Bank)
Joseph E. Hafley P.O. Box 328 Loan Review Officer of
99 Lancaster Street First Southern Bancorp, Inc.
Stanford, KY 40484 (Bank holding company)
</TABLE>
All of the directors and executive officers of FSBI are citizens of the
United States and during the last five years, none of these directors or
executive officers (i) has been convicted of a criminal proceeding (excluding
traffic violations or similar misdemeanors) nor (ii) been 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
<PAGE>
activities subject to, federal or state securities laws or finding any
violation with respect to such laws.
Lancaster Life Reinsurance Company (LLRC)
(an Arizona corporation)
(a) The name of this Reporting Person is Lancaster Life Reinsurance
Company.
(b) The state of organization of LLRC is Arizona.
(c) The principal business of LLRC is a reinsurer of credit life and
accident and health policies. The address of the principal office of LLRC is
P.O. Box 328, 99 Lancaster Street, Stanford, Kentucky 40484.
(d) During the last five years, LLRC has not been convicted of a criminal
proceeding (excluding traffic violations or similar misdemeanors).
(e) During the last five years, LLRC was not a party to a civil proceeding
of a judicial or administrative body of competent jurisdiction as a result of
which LLRC 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.
Directors, Executive Officers and Controlling Persons of LLRC:
<TABLE>
<CAPTION>
Present Principal
Name Business Address Occupation or Employment
<S> <C> <C>
Jess Correll P.O. Box 328 President and Director
99 Lancaster Street of First Southern
Stanford, KY 40484 Bancorp, Inc. (Bank
holding company)
Randall L. Attkisson P.O. Box 328 Vice President, Treasurer
99 Lancaster Street and Director of First
Stanford, KY 40484 Southern Bancorp, Inc.
(Bank holding company)
Jill M. Martin P.O. Box 328 Secretary and Controller
99 Lancaster Street of First Southern
Stanford, KY 40484 Bancorp, Inc. (Bank
holding company)
Ward F. Correll P.O. Box 129 Owner of Cumberland Lake
150 Railroad Drive Shell, Inc. (Gasoline
Somerset, KY 42502 wholesaler)
<PAGE>
Vincent L. Correll 345 North Highway 27 President and Director of
Somerset, KY 42502 Adamas Diamond
Corporation, Inc.
(Diamond wholesaler)
David S. Downey P.O. Box 295 CEO and Director of
102 West Main Street First Southern National
Stanford, KY 40484 Bank of Lincoln County
(Bank)
Douglas P. Ditto P.O. Box 295 Senior Vice President
102 West Main Street of First Southern
Stanford, KY 40484 National Bank of Lincoln
County (Bank)
John R. Ball P.O. Box 628 CEO and Director of
27 Public Square First Southern National
Lancaster, KY 40444 Bank of Garrard County
(Bank)
James P. Rousey P.O. Box 480 CEO and Director of
Orchard Center First Southern National
Suite L Bank of Jessamine County and
Nicholasville, KY 40356 First Southern National Bank
of Fayette County (Bank)
Somerset Holdings, P.O. Box 328 Holding company
Inc. 99 Lancaster Street
Stanford, KY 40484
</TABLE>
All of the directors and executive officers of LLRC are citizens of the
United States and during the last five years, none of these directors or
executive officers (i) has been convicted of a criminal proceeding (excluding
traffic violations or similar misdemeanors) nor (ii) been 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 or finding any
violation with respect to such laws.
Somerset Holdings, Inc. (SHI)
(a Kentucky corporation)
(a) The state of organization of SHI is Kentucky.
(b) The principal business of SHI is a holding company of two wholly owned
subsidiaries. One subsidiary reinsures credit life and accident and health
policies; the other subsidiary is an inactive insurance agency. The address of
the principal office of SHI is P.O. Box 328, 99 Lancaster Street, Stanford,
Kentucky 40484.
<PAGE>
(c) During the last five years, SHI has not been convicted of a criminal
proceeding (excluding traffic violations or similar misdemeanors).
(d) During the last five years, SHI was not a party to a civil proceeding
of a judicial or administrative body of competent jurisdiction as a result of
which SHI 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.
Directors, Executive Officers and Controlling Persons of SHI:
<TABLE>
<CAPTION>
Present Principal
Name Business Address Occupation or Employment
<S> <C> <C>
Jess Correll P.O. Box 328 President and Director
99 Lancaster Street of First Southern
Stanford, KY 40484 Bancorp, Inc. (Bank
holding company)
Randall L. Attkisson P.O. Box 328 Vice President, Treasurer
99 Lancaster Street and Director of First
Stanford, KY 40484 Southern Bancorp, Inc.
(Bank holding company)
Jill M. Martin P.O. Box 328 Secretary and Controller
99 Lancaster Street of First Southern
Stanford, KY 40484 Bancorp, Inc. (Bank
holding company)
Ward F. Correll P.O. Box 129 Owner of Cumberland Lake
150 Railroad Drive Shell, Inc. (Gasoline
Somerset, KY 42502 wholesaler)
Vincent L. Correll 345 North Highway 27 President and Director of
Somerset, KY 42502 Adamas Diamond
Corporation, Inc.
(Diamond wholesaler)
</TABLE>
All of the directors and executive officers of SHI are citizens of the
United States and during the last five years, none of these directors or
executive officers (i) has been convicted of a criminal proceeding (excluding
traffic violations or similar misdemeanors) nor (ii) been 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 or finding any
violation with respect to such laws.
<PAGE>
Cumberland Lake Shell, Inc. (CLSI)
(a Kentucky corporation)
(a) The name of this Reporting Person is Cumberland Lake Shell, Inc.
(b) The state of organization of CSLI is Kentucky.
(c) The principal business of CLSI is wholesale gasoline. The address of
the principal office of CLSI is P.O. Box 129, 150 Railroad Drive, Somerset,
Kentucky 42502.
(d) During the last five years, CLSI has not been convicted of a criminal
proceeding (excluding traffic violations or similar misdemeanors).
(e) During the last five years, CSLI was not a party to a civil proceeding
of a judicial or administrative body of competent jurisdiction as a result of
which CSLI 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.
Directors, Executive Officers and Controlling Persons of CLSI:
<TABLE>
<CAPTION>
Present Principal
Name Business Address Occupation or Employment
<S> <C> <C>
Terry Flinchum P.O. Box 129 President and Director of
150 Railroad Drive Cumberland Lake Shell,
Somerset, KY 42502 Inc.
Leah Taylor P.O. Box 129 Vice President and
150 Railroad Drive Director of Cumberland
Somerset, KY 42502 Lake Shell, Inc.
Vickie Calder P.O. Box 129 Secretary and Director
150 Railroad Drive of Cumberland Lake Shell,
Somerset, KY 42502 Inc.
Larry Nicholas P.O. Box 129 Director and Driver for
150 Railroad Drive Cumberland Lake Shell,
Somerset, KY 42502 Inc.
Roger Grundy P.O. Box 129 Director and Driver for
150 Railroad Drive Cumberland Lake Shell,
Somerset, KY 42502 Inc.
Woody Kelly P.O. Box 129 Director and Driver for
150 Railroad Drive Cumberland Lake Shell,
Somerset, KY 42502 Inc.
<PAGE>
Ward F. Correll P.O. Box 129 Owner, Cumberland Lake
150 Railroad Drive Shell, Inc.
Somerset, KY 42502
</TABLE>
All of the directors and executive officers of CLSI are citizens of the
United States and during the last five years, none of these directors or
executive officers (i) has been convicted of a criminal proceeding (excluding
traffic violations or similar misdemeanors) nor (ii) been 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 or finding any
violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration
The amount of Funds used in making the purchases of the Common Stock by
each Reporting Person is as follows:
<TABLE>
<S> <C>
First Southern Bancorp, Inc. $1,499,318.20
Lancaster Life Reinsurance Company $ 94,450.00
Cumberland Lake Shell, Inc. $ 198,532.21
</TABLE>
All of the Reporting Persons employed working capital to make these purchases
of the Common Stock.
Item 4. Purpose of Transaction
The Reporting Persons acquired the Common Stock of the Issuer for
investment. Neither the Reporting Persons nor any of their directors,
executive officers or controlling persons have any present plans or proposals
which relate or would result in:
(a) the acquisition by any person of additional securities of the Issuer,
or the disposition of the securities of the Issuer;
(b) an extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of its subsidiaries;
(c) a sale or transfer of a material amount of assets of the Issuer or any
of its subsidiaries;
(d) any change in the present board of directors or management of the
Issuer, including any plans or proposals to change the number or term of
directors or to fill any existing vacancies on the board;
(e) any material change in the present capitalization or dividend policy
of the Issuer;
<PAGE>
(f) any other material change in the Issuer's business or corporate
structure;
(g) any change in the Issuer's charter, bylaws or instruments
corresponding thereto or other actions which may impede the acquisition of
control of the Issuer by any person;
(h) causing a class of securities of the Issuer to be delisted from a
national securities exchange or to cease to be authorized to be quoted in an
inter-dealer quotation system of a registered national securities association;
(i) a class of equity securities of the Issuer becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the Act; or
(j) an action similar to any of those enumerated above.
The Reporting Persons reserve the right to formulate plans or proposals, to
take such action, with respect to any or all of the foregoing matters and any
other matters as such Reporting Person may determine.
Item 5: Interest in Securities of the Issuer
(a) The beneficial ownership of the Common Stock by each Reporting Person
is as follows:
<TABLE>
<CAPTION>
Name Number (and %) of shares of Common Stock
<S> <C> <C>
First Southern Bancorp, Inc. 124,236 shares 4.7%
Lancaster Life Reinsurance
Company 10,000 shares 0.4%
Cumberland Lake Shell, Inc. 14,420 shares 0.5%
</TABLE>
(b) Each of the following Reporting Persons has sole voting and
dispositive power with respect to the following shares:
<TABLE>
<CAPTION>
Name Number (and %) of shares of Common Stock
<S> <C> <C>
First Southern Bancorp, Inc. 124,236 shares 4.7%
Lancaster Life Reinsurance
Company 10,000 shares 0.4%
Cumberland Lake Shell, Inc. 14,420 shares 0.5%
</TABLE>
<PAGE>
(c) The following two transactions of the Common Stock of the Issuer were
effected during the past sixty days by the Reporting Persons:
Transaction 1:
(1) Identity of the person who effected the transaction: First Southern
Bancorp, Inc.
(2) The date of the transaction: August 24, 1995
(3) The amount of securities involved: 20,000 shares
(4) The price per share or unit: $9.375 per share
(5) Where and how the transaction was effected: By the Reporting Person's
broker, J.J.B. Hilliard, W.L. Lyons, Inc. of Louisville, KY
Transaction 2:
(1) Identity of the person who effected the transaction: Lancaster Life
Reinsurance Company
(2) The date of the transaction: August 24, 1995
(3) The amount of securities involved: 10,000 shares
(4) The price per share or unit: $9.375 per share
(5) Where and how the transaction was effected: By the Reporting
Person's broker, J.J.B. Hilliard, W.L. Lyons, Inc. of Louisville, KY
(d) To the knowledge of the Reporting Persons, no other person has the
right to receive or the power to direct the receipt of dividends from, or the
proceeds from the sale of, the shares held by the Reporting Persons.
Item 6: Contracts, Arrangements, Understandings, or Relationships With Respect
to Securities of the Issuer
Other than the Agreement attached hereto as Exhibit 1, neither the
Reporting Persons nor any of their directors, executive officers or controlling
persons is a party to any contract, arrangement, understanding or relationship
(legal or otherwise) with respect to any security 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, guarantees of
profits, division of profits or loss, or the giving or withholding of proxies.
Item 7: Material to be Filed as Exhibits
Exhibit 1 - Agreement among Reporting Persons dated August 31, 1995 for
the filing of a single Schedule 13D pursuant to Rule 13d-1(f)(1).
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.
August 31, 1995 By: /s/ Jess Correll
Jess Correll
Attorney-in-Fact on behalf of each
of the Reporting Persons *
<PAGE>
* Pursuant to the Agreement among Reporting Persons dated August 31, 1995 for
the filing of a single Schedule 13D pursuant to Rule 13d-1(f)(1), each
Reporting Person has authorized Jess Correll to sign on behalf of such
Reporting Person any Schedule 13D or amendments thereto that are required to be
filed on behalf of the Reporting Persons to this Schedule 13D.
<PAGE>
EXHIBIT 1
AGREEMENT
THIS AGREEMENT is made and entered into by and between First Southern
Bancorp, Inc., Lancaster Life Reinsurance Company and Cumberland Lake Shell,
Inc. (collectively, the "Group").
W I T N E S S E T H
WHEREAS, each member of the Group owns of record shares of the Common
Stock of Communication Cable, Inc.
WHEREAS, each member of the Group desires to file a single Schedule 13D
indicating the beneficial ownership of each member; and
WHEREAS, Rule 13d-1(f)(1)(111) under the Securities Exchange Act of 1934
(the "Act") requires that, when a Schedule 13D is filed on behalf of more than
one person, the Schedule 13D shall include as an exhibit to the Schedule 13D an
agreement in writing of such persons that the Schedule 13D is filed on behalf
of each of them;
NOW, THEREFORE, in consideration of the premises and the mutual promises
of the parties thereto, the parties hereto covenant and agree as follows
1. First Southern Bancorp, Inc., Lancaster Life Reinsurance Company and
Cumberland Lake Shell, Inc. agree that a single Schedule 13D and any amendments
thereto relating to the shares of Common Stock of Communication Cable, Inc.
shall be filed on behalf of each of them.
2. First Southern Bancorp, Inc., Lancaster Life Reinsurance Company and
Cumberland Lake Shell, Inc. each acknowledge and agree that pursuant to Rule
13d-1(f)(1) under the Act each of them is individually responsible for the
timely filing of such Schedule 13D and any amendments thereto and for the
completeness and accuracy of the information contained therein.
<PAGE>
3. This Agreement shall not be assignable by any party hereto.
4. This Agreement shall be terminated only upon the first to occur of the
following: (a) the death of any of the individual parties hereto, (b) the
dissolution, termination or settlement of First Southern Bancorp, Inc.,
Lancaster Life Reinsurance Company, or Cumberland Lake Shell, Inc. or (c) a
written notice of termination given by any party hereto to all of the other
parties hereto.
5. This Agreement may be executed in several counterparts, each of which
shall be deemed to be an original copy hereof, but all of which together shall
constitute a single instrument.
6. First Southern Bancorp, Inc., Lancaster Life Reinsurance Company and
Cumberland Lake Shell, Inc. each acknowledge and agree that the President of
First Southern Bancorp, Inc., then in office, shall be authorized as attorney-
in-fact to sign, on behalf of each party to this Agreement, any Schedule 13D or
amendments thereto that are required to be filed on behalf of the parties
hereto.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the 31st day of August, 1995.
FIRST SOUTHERN BANCORP, INC.
By: /s/ Jess Correll
Jess Correll, President
LANCASTER LIFE REINSURANCE COMPANY
By: /s/ Jess Correll
Jess Correll, President
CUMBERLAND LAKE SHELL, INC.
By: /s/ Terry Flinchum
Terry Flinchum, President
