-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EKSFafDCGDvErTwrWe+Ee6NrWhXL0jc5B7Vc58VfmdqkT5jW3a1N/9pHJSOeaIXG asoLJ7bVjTzHB9/f4XyLJw== 0000950152-95-003035.txt : 19951226 0000950152-95-003035.hdr.sgml : 19951226 ACCESSION NUMBER: 0000950152-95-003035 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19951222 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CINCINNATI FINANCIAL CORP CENTRAL INDEX KEY: 0000020286 STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311] IRS NUMBER: 310746871 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-35009 FILM NUMBER: 95603769 BUSINESS ADDRESS: STREET 1: 6200 S GILMORE RD CITY: FAIRFIELD STATE: OH ZIP: 45014 BUSINESS PHONE: 5138702000 MAIL ADDRESS: STREET 1: 6200 SOUTH GILMORE ROAD CITY: FAIRFIELD STATE: OH ZIP: 45014-5141 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CINCINNATI FINANCIAL CORP CENTRAL INDEX KEY: 0000020286 STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311] IRS NUMBER: 310746871 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 6200 S GILMORE RD CITY: FAIRFIELD STATE: OH ZIP: 45014 BUSINESS PHONE: 5138702000 MAIL ADDRESS: STREET 1: 6200 SOUTH GILMORE ROAD CITY: FAIRFIELD STATE: OH ZIP: 45014-5141 SC 13D 1 CINCINNATI FINANCIAL CORP SC 13D 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 Triad Guaranty, Incorporated - ----------------------------------------------------------------------------- (Name of Issuer) Common Stock, $.01 Par Value - ----------------------------------------------------------------------------- (Title of Class of Securities) 895925105 ------------------------------------------ (CUSIP Number) Mr. Robert J. Driehaus Cincinnati Financial Corporation 6200 South Gilmore Road Fairfield, Ohio 45014 Phone 870-2623 - ----------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 13, 1995 ------------------------------------------------------ (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 [ ]. Check the following box if a fee is being paid with the statement [x]. 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. 2 SCHEDULE 13D CUSIP NO. 895925105 Page 2 of 8 ______________________________________________________________________ [1] Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person CINCINNATI FINANCIAL CORPORATION EIN NO. 31-0746871 - ---------------------------------------------------------------------- [2] Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ ] - ---------------------------------------------------------------------- [3] SEC Use Only ______________________________________________________________________ [4] Source of Funds 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 OHIO - ---------------------------------------------------------------------- [7] Sole Voting Power 227,300 Number of ______________________________________________ Shares [8] Shared Voting Power Beneficially -0- Owned by each ______________________________________________ Reporting [9] Sole Dispositive Power Person 227,300 with ______________________________________________ [10] Shared Dispositive Power -0- ---------------------------------------------- ______________________________________________________________________ [11] Aggregate Amount Beneficially Owned By Each Reporting Person 227,300 ---------------------------------------------------------------- [12] Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] ______________________________________________________________________ [13] Percent of Class Represented by Amount in Row (11) 5.1% ---------------------------------------------------------------- [14] Type of Reporting Person HC ---------------------------------------------------------------- 3 SCHEDULE 13D Page 3 of 8 ITEM 1. Security and Issuer This Statement relates to the $.01 par value common stock of Triad Guaranty, Inc., which has its principal executive offices at 101 South Stratford Road, Suite 500, Winston-Salem, North Carolina 27104. Item 2. Identity and Background. The person filing this statement is Cincinnati Financial Corporation, an Ohio corporation, the principal office of which is located at 6200 South Gilmore Road, Fairfield, Ohio 45014. Cincinnati Financial Corporation is a holding company which directly, or indirectly owns all of the shares of The Cincinnati Insurance Company, The Cincinnati Casualty Company and The Cincinnati Indemnity Company, all of which are Ohio corporations engaged in the sale of property and casualty insurance; The Cincinnati Life Insurance, an Ohio life insurance company and CFC Investment Company, an Ohio corporation which manages commercial investment properties occupied primarily by the insurance subsidiaries of Cincinnati Financial Corporation. The following table contains the names and all other required information concerning the directors and executive officers of Cincinnati Financial Corporation, all of whom are citizens of the United States:
Present Principal Name and Principal Occupation or Business and Address Name Office Employment of Employer ---- ------ ----------------- ------------------ William F. Bahl Director Money Manager Bahl & Gaynor MONEY MANAGEMENT 212 East Third Street Cincinnati, Ohio 45202 Vincent Beckman Secretary and Attorney Beckman, Weil, Director Shepardson & Faller LAW OFFICE 1200 Mercantile Center 120 East Fourth Street Cincinnati, Ohio 45202 Michael Brown Director General Manager Cincinnati Bengals, Inc., AMERICAN FOOTBALL TEAM 200 Riverfront Stadium Cincinnati, Ohio 45202 Richard Burridge Director Investment Advisor The Burridge Group, MONEY MANAGEMENT 115 South LaSalle Street Chicago, Illinois 60603
4 SCHEDULE 13D Page 4 of 8 ITEM 2 (CONT.)
Present Principal Name and Principal Occupation or Business and Name Office Employment Address of - ---- ------ ----------------- Employer -------------- John Field Director Executive Officer Wallace & Turner, Inc., INSURANCE AGENCY P.O. Box 209 Springfield, Ohio 45503 David Huhn Director Retired 6347 Werk Road Cincinnati, Ohio (Residence) Ken Lichtendahl Director President Hudepohl-Schoenling Brewing Co., BREWERY 1625 Central Parkway Cincinnati, Ohio 45214 Robert B. Morgan President and Chief Executive Cincinnati Financial Director Officer Corporation, INSURANCE 6200 South Gilmore Road, Fairfield, Ohio 45014 Jackson H. Director Chief Executive Cinergy, Inc., Randolph Officer PUBLIC UTILITY Fourth & Main Streets Cincinnati, Ohio 45202 John J. Schiff, Chairman of Executive Officer Cincinnati Sr. Executive Financial Committee and Corporation, Director INSURANCE 6200 South Gilmore Road, Fairfield, Ohio 45014 John J. Schiff, Chairman of the Chairman of the John J. & Thomas Jr. Board and Director Board R. Schiff & Co., INSURANCE AGENCY P.O. Box 145496 Cincinnati, Ohio 45250-5496 Robert C. Schiff Director Chief Executive Schiff, Kreidler- Officer Shell, Inc., INSURANCE AGENCY 250 Central Trust Building Cincinnati, Ohio 45202 Thomas R. Schiff Director President John J. & Thomas R. Schiff & Co., INSURANCE AGENCY P.O. Box 145496 Cincinnati, Ohio 45250-5497
5 SCHEDULE 13D Page 5 of 8 ITEM 2 (CONT.)
Present Principal Name and Principal Occupation or Business and Address Name Office Employment of Employer ---- ------ ----------------- ------------ Frank J. Schultheis Director Executive Officer Schultheis Insurance Agency, Inc., INSURANCE AGENCY P.O. Box 2728 Evansville, Indiana 47728-0728 Larry Webb Director President Webb Insurance Agency, Inc., INSURANCE AGENCY 212 West High Street Lima, Ohio 45805 Alan Weiler Director President Archer-Meek-Weiler Agency, Inc., INSURANCE AGENCY 150 E. Mound Street Columbus, Ohio 43215-5437 James G. Miller Senior Vice President Executive Officer Cincinnati Financial Corporation, INSURANCE 6200 South Gilmore Road Fairfield, Ohio 45014 Robert Driehaus Financial Vice Executive Officer Cincinnati Financial President and Corporation Director INSURANCE 6200 South Gilmore Road Fairfield, Ohio 45014
6 SCHEDULE 13D Page 6 of 8 During the past five years, neither Cincinnati Financial Corporation nor any of its affiliated corporations, directors or executive officers have been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors), nor have they been found in any civil proceeding of any judicial or administrative body to have violated or been enjoined from violating any state or federal securities laws. ITEM 3. Source and Amount of Funds or Other Consideration. The funds used in purchasing the securities of the issuer were internally generated working capital of Cincinnati Financial Corporation and its insurance subsidiaries. The consideration for the shares purchased totaled $5,768,350.32. ITEM 4. Purpose of Transaction. The securities of the issuer have been purchased for investment purposes. Subject to availability and price and subject to applicable laws and regulations, Cincinnati Financial Corporation may acquire additional shares of the common stock of the issuer, or may dispose of shares, at any time or from time to time. Except as set forth in this Item 4, Cincinnati Financial Corporation, has no current plans or proposals which relate to or that would result in any of the actions described in clauses (a) through (j) of Item 4 of Schedule 13D. 7 SCHEDULE 13D Page 7 of 8 ITEM 5. Interest and Securities of the Issuer. (a) The following is a listing of the securities of the issuer beneficially owned by those persons named in Item 2. Name Number of Shares Percentage - ---- ---------------- ---------- Cincinnati Financial Corporation 227,300 5.130% (b) Each of the above persons has the sole power to vote and dispose of the shares owned by that person. (c) The transaction in the shares of the issuer which were effected during the past sixty (60) days by those persons listed in Item 2 are as follows:
Purchase Date Shares Cost per Share ------------- ------ -------------- 10/31/95 3,000 26.425 11/01/95 6,000 26.425 11/02/95 2,500 26.425 11/08/95 4,000 26.550 11/10/95 2,100 26.425 11/13/95 400 26.425 11/14/95 4,000 26.425 11/16/95 10,000 26.375 11/27/95 25,000 26.500 12/06/96 12,500 26.625 12/12/95 6,100 26.673 12/13/95 24,000 26.875
8 SCHEDULE 13D Page 8 of 8 ITEM 5. (c) Cont. These shares were purchased in open market transactions on the Over the Counter Market. No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the securities of the issuer owned by Cincinnati Financial Corporation. (d) Not Applicable. (e) Not Applicable ITEM 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer. Not applicable. ITEM 7. Material to be Filed as Exhibits. No exhibits are required for this filing. 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: December 18, 1995 The Cincinnati Financial Corporation By /s/ Robert J. Driehaus ------------------------------ Robert J. Driehaus Financial Vice President -----END PRIVACY-ENHANCED MESSAGE-----