SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. __)*
COMMUNITY INVESTORS BANCORP, INC.
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(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE PER SHARE
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(Title of Class of Securities)
203719 10 9
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(CUSIP Number)
John W. Kennedy
Community Investors Bancorp, Inc.
119 South Sandusky Avenue
Bucyrus, Ohio 44820
(419) 562-7055
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(Name, Address, Telephone Number of Persons Authorized to Receive Notices and
Communications)
November 1, 2000
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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 that is the subject of this Schedule 13D, and is filing
this schedule because of Rule Sections 240.13d-1(e), 240.13d-1(f) or
240.13d-1(g), check the following box [ ].
Note: Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See Rule 13d-7(b) for
other parties to whom copies are to be sent.
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 (the "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).
Page 1 of 6 Pages
CUSIP No. 203719 10 9 13D Page 2 of 6 Pages
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
John W. Kennedy
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS*
PF
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5. CHECK BOX 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
United States
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7. SOLE VOTING POWER
26,926
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NUMBER OF SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY EACH 32,981
REPORTING PERSON ----------------------------------------------------------
WITH 9. SOLE DISPOSITIVE POWER
26,926
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10. SHARED DISPOSITIVE POWER
32,981
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
59,907
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.03%
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14. TYPE OF REPORTING PERSON*
IN
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CUSIP No. 203719 10 9 13D Page 3 of 6 Pages
Item 1. Security and Issuer
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The securities as to which this Schedule 13D ("Schedule") relates are
the shares of common stock, $.01 par value per share ("Common Stock"), of
Community Investors Bancorp, Inc. (the "Issuer"). The address of the Issuer's
principal executive office is 119 South Sandusky Avenue, Bucyrus, Ohio 44820.
Item 2. Identity and Background
--------------------------------
(a) John W. Kennedy ("Reporting Person").
(b) The Reporting Person's business address is the Issuer's
principal executive office, 119 South Sandusky Avenue, Bucyrus, Ohio 44820.
(c) The Reporting Person is the President and Managing Officer
of the Issuer and a member of the Board of Directors of the Issuers.
(d) The Reporting Person has not, during the last five years,
been convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) The Reporting Person has not, during the last five years,
been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which he 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 a
finding of any violation with respect to such laws.
(f) The Reporting Person is a United States citizen.
Item 3. Source and Amount of Funds or Other Consideration
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The Reporting Person acquired 1,800 shares of Common Stock on
November 1, 2000 pursuant to the vesting of restricted stock granted to the
Reporting Person in November 1995 under the Issuer's Management Recognition
Plan ("MRP"). In addition, the Reporting Person beneficially owns 450 shares
of Common Stock granted under the MRP which will vest on December 9, 2000.
The Reporting Person beneficially owns 10,950 shares of Common Stock granted
pursuant to the MRP, which have vested and are held directly; 16,920 shares
of Common Stock purchased for $4.44 per share in February 1995, which are held
jointly with his spouse; 901 shares of Common Stock acquired in February 1995
through his retirement plan; and 10,600 shares of Common Stock granted
pursuant to the Issuer's Employee Stock Ownership Plan ("ESOP"). The
Reporting Person also has been granted options to purchase an aggregate of
12,825 shares of Common Stock pursuant to the Issuer's stock option plan which
may be exercised within 60 days of the date hereof and which are
CUSIP No. 203719 10 9 13D Page 4 of 6 Pages
deemed to be outstanding for the purpose of computing the percentage of shares
of Common Stock owned by the Reporting Person. The Reporting Person's spouse
also owns 4,461 shares of Common Stock which may be beneficially owned by the
Reporting Person. The Reporting Person also shares beneficial ownership with
respect to 1,000 shares of Common Stock for which the Reporting Person serves
as custodian for his grandchildren. As of the date hereof, the Reporting
Person also held 2,250 shares of restricted Common Stock granted pursuant to
the MRP which vest more than 60 days after the date hereof. All purchases by
the Reporting Person were made with personal funds.
Item 4. Purpose of Transaction
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The Reporting Person is presently a Director and the President and
Managing Officer of the Issuer. The Reporting Person intends to continue to
participate in the management and operations of the Issuer. The Reporting
Person believes that the shares of Common Stock are an attractive investment
and purchased the shares of Common Stock for investment purposes and not for
the purpose of influencing the management of the Issuer or exercising control.
The Reporting Person does not intend to obtain control of the Issuer.
The Reporting Person has been informed that in order to acquire
10% or more of the Issuer's shares of Common Stock certain governmental
approvals may be required. The Reporting Person does not currently intend to
acquire or offer to acquire 10% or more of the Issuer's shares of Common Stock
which would require him to apply for such approvals. However, any
determination to purchase additional shares of Common Stock will depend upon a
number of factors, including market prices, the Issuer's prospects and
alternative investments. Similarly, the Reporting Person may determine to
sell all or a portion of his shares of Common Stock at any time.
The Reporting Person currently has no plans or proposals
(excluding action which may be taken or proposed to be taken by the Board of
Directors of which the Reporting Person is a member) which relate to or would
result in (a) the acquisition by any person of additional securities of the
Issuer or the disposition of 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; (f) any other
material change in the Issuer's business or corporate structure; (g) changes
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 Securities
Exchange Act of 1934, as amended; or (j) any action similar to any of those
enumerated above.
CUSIP No. 203719 10 9 13D Page 5 of 6 Pages
Item 5. Interest in Securities of the Issuer
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(a) The Reporting Person beneficially owns 59,907 shares of
Common Stock which represents approximately 5.03% of the outstanding shares
of Common Stock. At the date hereof, 1,178,438 shares of Common Stock were
outstanding, not including outstanding options to purchase shares of Common
Stock.
(b) The Reporting Person has sole voting and dispositive power
with respect to 31,276 shares of Common Stock (which include 12,825 shares of
Common Stock which may be purchased upon the exercise of stock options). The
Reporting Person has shared voting and dispositive power with respect to
16,920 shares of Common Stock held jointly with his spouse; 4,461 shares of
Common Stock held by his spouse; 10,600 shares of Common Stock held in the
ESOP; and 1,000 shares of Common Stock held as custodian for his
grandchildren.
(c) The number of shares of Common Stock beneficially owned by
the Reporting Person include 1,800 shares of Common Stock granted pursuant to
the MRP which vested on November 1, 2000 and 450 shares of Common Stock which
vest on December 9, 2000. The Reporting Person had no other transactions in
the Issuer's securities during the last 60 days.
(d) Not Applicable.
(e) Not Applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
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The Reporting Person is not a party to any contract, arrangement,
understanding or relationship (legal or otherwise) with respect to any
securities of the Issuer, other than agreements evidencing outstanding stock
options and restricted stock grants. The Reporting Person is a Director of
the Issuer and has in the past and intends in the future to exercise his vote
and to serve the Issuer as a Director in an independent manner, and to vote
his shares of Common Stock individually and not pursuant to any understanding,
arrangement or agreement with any other persons.
Item 7. Material to be Filed as Exhibits
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Not applicable.
CUSIP No. 203719 10 9 13D Page 6 of 6 Pages
Signatures
After reasonable inquiry and to the best of the knowledge and belief of
the undersigned, the undersigned certifies that the information set forth in
this Statement on Schedule 13D is true, complete and correct.
/s/John W. Kennedy
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John W. Kennedy
Date: November 10, 2000
