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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Citation Corporation
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
172895104
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(CUSIP Number)
William B. Long
Drummond Company, Inc.
530 Beacon Parkway West
Birmingham, Alabama 35209
(205) 945-6525
With a copy to:
Gregory S. Curran
Maynard, Cooper & Gale, P.C.
1901 6th Avenue North
Suite 2400
Birmingham, Alabama 35203
(205) 254-1098
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
January 4, 1999
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(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 [_].
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SCHEDULE 13D
CUSIP NO. 172895104
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(1) Name of Reporting Person.
Drummond Company, Inc.
S.S. or I.R.S. Identification Nos. of Above Person.
63-0653224
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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
WC, BK
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(5) Check 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
AL
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Number of Shares Beneficially (7) Sole Voting Power
Owned by Each Reporting 5,336,400 (Includes 4,000,000 shares of
Person With common stock which Drummond has an option
to purchase.)
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(8) Shared Voting Power
-0-
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(9) Sole Dispositive Power
5,336,400 (Includes 4,000,000 shares of
common stock which Drummond has an option
to purchase.)
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(10) Shared Dispositive Power
-0-
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
5,336,400
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [X]
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(13) Percent of Class Represented by Amount in Row (11)
29.6%
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(14) Type of Reporting Person
CO
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Drummond hereby amends and supplements the statement on Schedule 13D
filed November 16, 1998 (the "Original Statement") with respect to the common
stock, $.01 par value per share, of Citation Corporation, a Delaware corporation
("Citation"), held by Drummond as set forth in this first amendment.
Item 4. Purpose of Transaction
The response set forth in Item 4 of the Original Statement is hereby
amended and supplemented by the following:
On January 4, 1999, Drummond consummated the purchase of 1,336,400
shares of Citation common stock from Hugh G. Weeks ("Weeks") in accordance with
the terms of that certain Stock Purchase Agreement between Drummond and Weeks,
dated as of November 9, 1998 (the "Stock Purchase Agreement").
Item 5. Interest in Securities of the Issuer
The response set forth in Item 5 of the Original Statement is hereby
amended and supplemented by the following:
Drummond is the beneficial owner of 5,336,400 shares of Citation common
stock, constituting 29.6% of the issued and outstanding common stock of
Citation. Of these shares 4,000,000 shares are beneficially owned by Drummond
as a result of Drummond's option to purchase from T. Morris Hackney in
accordance with the terms of the Call Option Agreement. The remaining 1,336,400
shares are beneficially owned by Drummond as a result of its purchase of such
shares from Weeks, effective January 4, 1999, in accordance with the terms of
the Stock Purchase Agreement.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer
The response set forth in Item 6 of the Original Statement is hereby
amended and supplemented by the following:
On January 4, 1999, Drummond consummated the purchase of 1,336,400
shares of Citation common stock from Weeks in accordance with the terms of the
Stock Purchase Agreement.
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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: January 5, 1999.
DRUMMOND COMPANY, INC.
By: /s/ Guy K. Mitchell, Jr.
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Guy K. Mitchell, Jr.
President