SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
(RULE 13D-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13D-1(A) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13D-2(A)
(AMENDMENT NO. 8)(1)
COMMUNITY BANCSHARES, INC.
(Name of Issuer)
Common Stock, par value $.10 per share
(Title of Class of Securities)
20343H 10 6
(CUSIP Number)
J. Fred Kingren, Esq.
Hand Arendall, L.L.C.
1200 Park Place Tower
2001 Park Place North
Birmingham, Alabama 35213
(205) 324-4400
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
General Update
(Date of Event Which Requires Filing of this Statement)
If the Reporting Person has previously filed a Statement on Schedule 13G
to report the acquisition that is the subject of this Statement on Schedule 13D,
and is filing this Statement on Schedule 13D because of Rule 13d-1(e), 13d-1(f)
or 13d-1(g), check the following box [ ].
Note: Statements on Schedule 13D filed in paper format shall include a
signed original and five copies of the Statement on Schedule 13D, including all
exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 12 Pages)
----------
(1) The remainder of this Cover Page shall be filled out for the Reporting
Person's initial filing of this Statement on Schedule 13D with respect to the
subject class of securities, and for any subsequent amendment containing
information which would alter disclosures provided in a prior Cover Page.
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, as amended (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.
CUSIP NO. 20343H 10 6 13D, AMENDMENT NO. 8 PAGE 2 OF 12 PAGES
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Doris S. Corr
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS
Not Applicable
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
NUMBER OF 7 SOLE VOTING POWER
SHARES 160,356 Shares
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 151,362 Shares
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 160,356 Shares
PERSON 10 SHARED DISPOSITIVE POWER
WITH 151,362 Shares
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
311,718 Shares
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.7%
14 TYPE OF REPORTING PERSON
IN
CUSIP NO. 20343H 10 6 13D, AMENDMENT NO. 8 PAGE 3 OF 12 PAGES
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Bryan A. Corr, Sr.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS
Not Applicable
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
NUMBER OF 7 SOLE VOTING POWER
SHARES 14 Shares
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 192,191 Shares
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 14 Shares
PERSON 10 SHARED DISPOSITIVE POWER
WITH 192,191 Shares
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
192,205 Shares
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.3%
14 TYPE OF REPORTING PERSON
IN
CUSIP NO. 20343H 10 6 13D, AMENDMENT NO. 8 PAGE 4 OF 12 PAGES
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Tina M. Corr
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS
Not Applicable
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
NUMBER OF 7 SOLE VOTING POWER
SHARES None
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 160,829 Shares
EACH 9 SOLE DISPOSITIVE POWER
REPORTING None
PERSON 10 SHARED DISPOSITIVE POWER
WITH 160,829 Shares
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
160,829 Shares
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.9%
14 TYPE OF REPORTING PERSON
IN
CUSIP NO. 20343H 10 6 13D, AMENDMENT NO. 8 PAGE 5 OF 12 PAGES
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Joan M. Currier
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS
Not Applicable
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
NUMBER OF 7 SOLE VOTING POWER
SHARES None
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 7,880 Shares
EACH 9 SOLE DISPOSITIVE POWER
REPORTING None
PERSON 10 SHARED DISPOSITIVE POWER
WITH 7,880 Shares
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,880 Shares
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.1%
14 TYPE OF REPORTING PERSON
IN
CUSIP NO. 20343H 10 6 13D, AMENDMENT NO. 8 PAGE 6 OF 12 PAGES
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
John David Currier, Sr.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS
Not Applicable
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
NUMBER OF 7 SOLE VOTING POWER
SHARES None
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 7,880 Shares
EACH 9 SOLE DISPOSITIVE POWER
REPORTING None
PERSON 10 SHARED DISPOSITIVE POWER
WITH 7,880 Shares
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,880 Shares
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.1%
14 TYPE OF REPORTING PERSON
IN
CUSIP NO. 20343H 10 6 13D, AMENDMENT NO. 8 PAGE 7 OF 12 PAGES
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Christy C. Chandler
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS
Not Applicable
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
NUMBER OF 7 SOLE VOTING POWER
SHARES 10,454 Shares
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY None
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 10,454 Shares
PERSON 10 SHARED DISPOSITIVE POWER
WITH None
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,454 Shares
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.1%
14 TYPE OF REPORTING PERSON
IN
CUSIP NO. 20343H 10 6 13D, AMENDMENT NO. 8 PAGE 8 OF 12 PAGES
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
John David Currier, Jr.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS
Not Applicable
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
NUMBER OF 7 SOLE VOTING POWER
SHARES 10,454 Shares
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY None
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 10,454 Shares
PERSON 10 SHARED DISPOSITIVE POWER
WITH None
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,454 Shares
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.1%
14 TYPE OF REPORTING PERSON
IN
CUSIP NO. 20343H 10 6 13D, AMENDMENT NO. 8 PAGE 9 OF 12 PAGES
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Corr, Inc. (f/k/a Oneonta Telephone Company, Inc.)
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS
Not Applicable
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Alabama
NUMBER OF 7 SOLE VOTING POWER
SHARES None
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 120,000 Shares
EACH 9 SOLE DISPOSITIVE POWER
REPORTING None
PERSON 10 SHARED DISPOSITIVE POWER
WITH 120,000 Shares
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
120,000 Shares
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.4%
14 TYPE OF REPORTING PERSON
CO
CUSIP NO. 20343H 10 6 13D, AMENDMENT NO. 8 PAGE 10 OF 12 PAGES
INTRODUCTORY NOTE
This Amendment No. 8 to Statement on Schedule 13D (this "Amendment No. 8")
is filed with the Securities and Exchange Commission ("SEC") by Doris S. Corr,
Bryan A. Corr, Sr., Tina M. Corr, Joan M. Currier, John David Currier, Sr.,
Christy C. Chandler (f/k/a Christina M. Currier), John David Currier, Jr., and
Corr, Inc. (f/k/a Oneonta Telephone Company, Inc.), as joint filers
(individually, a "Reporting Person", and, collectively, the "Reporting
Persons"), with respect to the shares of the Common Stock, par value $ .10 per
share ("Common Stock"), of Community Bancshares, Inc., a Delaware corporation
(the "Issuer").
This Amendment No. 8 amends Items 4 and 5 of the Statement on Schedule 13D
filed by R. C. Corr, Jr. and each of the Reporting Persons, except John David
Currier, Jr., as joint filers, on November 3, 1998 (the "Original Filing"), and
Amendment Nos. 1, 2, 3, 4, 5, 6, and 7 thereto filed by R. C. Corr, Jr., certain
of the Reporting Persons, and certain other persons, as joint filers, on
December 31, 1998, March 22, 1999, March 17, 2000, March 12, 2002, May 23, 2002,
June 18, 2002, and July 31, 2003, respectively. R.C. Corr, Jr., who was included
as a Reporting Person in the Original Filing and Amendment Nos. 1, 2 and 3
thereto, died on June 22, 2001. All of the shares of Common Stock owned by R.C.
Corr, Jr. on the date of his death are now owned by his widow, Doris S. Corr.
John David Currier, Jr. was not included as a Reporting Person in the Original
Filing and Amendment Nos. 1, 2 and 3 thereto because all of the shares of Common
Stock reflected herein as owned by John David Currier, Jr. outright were
previously reflected in those filings as being beneficially owned by Doris S.
Corr and Joan M. Currier, as co-custodians for John David Currier, Jr.
The Reporting Persons are filing this Amendment No. 8 because they may be
deemed a "group" for purposes of Section 13(d)(3) of the Securities Exchange Act
of 1934, as amended, although each of the Reporting Persons disclaims any
membership in, and the existence of, such a group other than the group which has
been previously reported and is now comprised of Doris S. Corr, Bryan A. Corr,
Sr., Tina M. Corr, Joan M. Currier, John David Currier, Sr., Christy C.
Chandler, John David Currier, Jr., and Corr, Inc. Neither the filing of this
Amendment No. 8 nor any statement contained herein shall be deemed to be an
admission by any of the Reporting Persons that any other group exists.
Information with respect to each of the Reporting Persons is given solely
by such Reporting Person, and no Reporting Person assumes responsibility for the
accuracy or completeness of information furnished by another Reporting Person.
By executing this Amendment No. 8, each of the Reporting Persons agrees that
this Amendment No. 8 is filed on behalf of such Reporting Person.
ITEM 4. PURPOSE OF TRANSACTION.
Due to an increase in the number of the Issuer's issued and outstanding
shares of Common Stock reported by the Issuer as being outstanding, the
Reporting Persons are no longer the beneficial owners of more than 5% of the
issued and outstanding shares of Common Stock. Accordingly, the Reporting
Persons are no longer subject to the reporting requirements of Section 13(d) of
the Securities Exchange Act of 1934, as amended.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a), (b) The Reporting Persons beneficially own an aggregate of 381,349
shares of Common Stock, constituting approximately 4.6% of the shares of Common
Stock reported by the Issuer as being outstanding on March 18, 2004. Schedule I,
which is attached hereto and incorporated herein by reference, sets forth
certain information with respect to the shares of Common Stock owned by each
Reporting Person and the power of each Reporting Person to vote or to dispose of
the shares of Common Stock owned by such Reporting Person. Each Reporting Person
disclaims beneficial
CUSIP NO. 20343H 10 6 13D, AMENDMENT NO. 8 PAGE 11 OF 12 PAGES
ownership of the shares of Common Stock beneficially owned by each of the other
Reporting Persons except to the extent reflected in the notes to Schedule I.
(c) Not applicable.
(d) No person other than the Reporting Persons has the right to receive or
the power to direct the receipt of dividends from, or the proceeds from the sale
of, the shares of Common Stock beneficially owned by the Reporting Persons.
(e) The Reporting Persons ceased to be the beneficial owners of more than
5% of the issued and outstanding shares of Common Stock on or before March 18,
2004.
CUSIP NO. 20343H 10 6 13D, AMENDMENT NO. 8 PAGE 12 OF 12 PAGES
SIGNATURES
After reasonable inquiry and to the best of his, her or its knowledge and
belief, each of the Reporting Persons does hereby certify that the information
set forth in this Amendment No. 8 is true, complete and correct.
Dated: May 12, 2004.
DORIS S. CORR
-----------------------------------
Doris S. Corr
BRYAN A. CORR, SR.
-----------------------------------
Bryan A. Corr, Sr.
TINA M. CORR
-----------------------------------
Tina M. Corr
JOAN M. CURRIER
-----------------------------------
Joan M. Currier
JOHN DAVID CURRIER, SR.
-----------------------------------
John David Currier, Sr.
CHRISTY C. CHANDLER
-----------------------------------
Christy C. Chandler
JOHN DAVID CURRIER, JR.
-----------------------------------
John David Currier, Jr.
CORR, INC.
(f/k/a Oneonta Telephone Company, Inc.)
By: BRYAN A. CORR, SR.
-----------------------------------
Bryan A. Corr, Sr.
Its President and
Chief Executive Officer
SCHEDULE I
INFORMATION RELATING TO BENEFICIAL OWNERSHIP OF
SHARES OF COMMON STOCK OF THE ISSUER
BY THE REPORTING PERSONS
Number and
Percentage of
Shares of Number of Shares of Number of Shares of
Common Stock Common Stock With Common Stock With
Beneficially Owned Respect to Which the Respect to Which the
--------------------------- Reporting Person Has Reporting Person Has
Name of Sole Voting and Shared Voting and
Reporting Person Number Percentage(1) Dispositive Power Dispositive Power
---------------- ------ ------------- ----------------- -----------------
Doris S. Corr 311,718(2) 3.7% 160,356 151,362
Bryan A. Corr, Sr 192,205(3) 2.3% 14 192,191
Tina M. Corr 160,829(4) 1.9% - 160,829
Joan M. Currier 7,880(5) * - 7,880
John David Currier, Sr 7,880(6) * - 7,880
Christy C. Chandler 10,454 * 10,454 -
John David Currier, Jr 10,454 * 10,454 -
Corr, Inc. 120,000 1.4% - 120,000
(f/k/a Oneonta Telephone Company, Inc.)
Doris S. Corr, Bryan A. Corr, Sr., Tina M 381,349 4.6% 181,278 200,071
Corr, Joan M. Currier, John David Currier,
Sr., Christy C. Chandler, John David Currier,
Jr. and Corr, Inc. as a Group
----------
(1) Percentages are determined on the basis of 8,376,163 shares of Common
Stock reported by the Issuer as being outstanding on March 18, 2004.
(2) Includes (i) 10,454 shares held as Co-custodian with Bryan A. Corr, Sr.
for her minor granddaughter, Lauren M. Corr, (ii) 10,454 shares held as
Co-custodian with Bryan A. Corr, Sr. for her minor granddaughter, Kelly B.
Corr, (iii) 10,454 shares held as Co-custodian with Bryan A. Corr, Sr. for
her minor grandson, Bryan A. Corr, Jr., and (iv) 120,000 shares held by
Corr, Inc. (f/k/a Oneonta Telephone Company, Inc.).
(3) Includes (i) 40,829 shares held with Tina M. Corr as a joint tenant with
right of survivorship, (ii) 10,454 shares held as Co-custodian with Doris
S. Corr for his minor daughter, Lauren M. Corr, (iii) 10,454 shares held
as Co-custodian with Doris S. Corr for his minor daughter, Kelly B. Corr,
(iv) 10,454 shares held as Co-custodian with Doris S. Corr for his minor
son, Bryan A. Corr, Jr., and (v) 120,000 shares held by Corr, Inc.
(4) Includes (i) 40,829 shares held with Bryan A. Corr, Sr. as a joint tenant
with right of survivorship and (ii) 120,000 shares held by Corr, Inc.
(5) Held with John David Currier, Sr. as a joint tenant with right of
survivorship.
(6) Held with Joan M. Currier as a joint tenant with right of survivorship.
* Less than 1%.