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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
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Cato Corporation Class A
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(Name of Issuer)
Common Stock = $.033 par value
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(Title of Class of Securities)
149205106
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(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ].
(A fee is not required only if the filing person: (1) has a previous statement
on file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in 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 (however, see
the Notes).
CUSIP No. 149205106 13G Page 2 of 7 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Crabbe Huson Small Cap Fund
93-1188677
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 115,200
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 0
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
115,200
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
115,200
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
X
---
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.4
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12 TYPE OF REPORTING PERSON*
IV
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*SEE INSTRUCTIONS BEFORE FILLING OUT
CUSIP No. 149205106 13G Page 3 of 7 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Crabbe Huson Special Fund, Inc.
93-0942646
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Oregon
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NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 171,000
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 0
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
171,000
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
171,000
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
X
---
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
.6
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IV
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
CUSIP No. 149205106 13G Page 4 of 7 Pages
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- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Crabbe Huson Group, Inc.
93-0768238
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Oregon
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 2,181,700
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 0
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,181,700
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,181,700
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
X
---
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.64
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
Item 1. (a) Name of Issuer:
Cato Corporation Class A, a Delaware Corporation.
(b) Address of Issuer's Principal Executive Offices:
8100 Denmark Road, Charlotte, NC 28273-5975
Item 2. (a) Name of Person Filing:
The Crabbe Huson Special Fund, Inc., The Crabbe Huson Small
Cap Fund, and The Crabbe Huson Group, Inc.
(b) Address of Principal Business Office:
121 SW Morrison, Suite 1400, Portland, OR 97204
(c) Citizenship:
The Crabbe Huson Special Fund, Inc. and The Crabbe Huson
Group, Inc. are Oregon Corporations. The Crabbe Huson Small-
Cap Fund is a separate series of the Crabbe Huson Funds, a
Delaware Business Trust.
(d) Title of Class of Securities:
Common Stock, par value $.033 per share
(e) CUSIP Number:
149205106
Item 3.
The Crabbe Huson Special Fund, Inc. and the Crabbe Huson Small-Cap Fund are
registered under the Investment Company Act of 1940 as open-ended investment
companies. The Crabbe Huson Group, Inc. is registered under the Investment
Advisors Act of 1940 as an investment advisor.
Item 4. Ownership.
(a) & (b) The aggregate number of shares owned beneficially by the
reporting person is 2,467,900, representing 8.64% of the outstanding common
shares.
(c) The aggegate number of shares of the Issuer beneficially owned by each
reporting person is set forth below:
The Crabbe Huson Special Fund, Inc. directly owns 171,000 shares of the Issuer
representing 0.6% of the outstanding shares. It shares voting and dispositive
power with its investment advisor, The Crabbe Huson Group, Inc.
The Crabbe Huson Small-Cap Fund directly owns 115,200 shares of the Issuer
representing 0.4% of the outstanding shares. It shares voting and dispositive
power with its investment advisor, The Crabbe Huson Group, Inc.
5
The Crabbe Huson Group, Inc. does not directly own any shares of the Issuer. It
shares voting and dispositive power with the investment companies for whom it
serves as investment advisor. The investment companies directly owns 286,200
shares of the Issuer representing 1% of the outstanding shares. The Crabbe Huson
Group, Inc. also shares voting and dispositive power with approximately
twenty-nine investors for whom it serves as investment advisor. The investors
directly own 2,181,700 shares of the Issuer representing 7.64% of the
outstanding shares. In total, the investment company and investors own 2,467,900
shares of the Issuer representing 8.64% of the outstanding shares.
0tem 5. Not applicable.
Item 6. Not applicable.
Item 7. Not applicable.
Item 8.
Each reporting person disclaims beneficial ownership of all shares owned by
each other reporting person. The filing of this statement is not to be construed
as an admission that any reporting person is the beneficial owner of any
securities covered by this statement.
The reporting persons may be deemed to have formed a "group" within the
meaning of Rule 13d-5(b)(1). If the reporting persons have formed a group, the
group would beneficially own 2,467,900 common shares representing 8.64% of the
outstanding shares of the Issuer. Each reporting person disclaims that a group
has been or will be formed.
Item 9. Not applicable.
Item 10.
By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were acquired in the ordinary course of business
and were not acquired for the purpose of and do not have the effect of changing
or influencing the control of the issuer of such securities and were not
acquired in connection with or as a participant in any transaction having such
purpose or effect.
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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: February 7, 1997
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The Crabbe Huson Special Fund, Inc. The Crabbe Huson Group, Inc.
/s/James E. Crabbe /s/James E. Crabbe
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James E. Crabbe James E. Crabbe
Vice-President President
The Crabbe Huson Small Cap Fund
/s/James E. Crabbe
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James E. Crabbe
Vice-President
7