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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Initial Filing)
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SUPERIOR FINANCIAL CORP.
(Name of Issuer)
Common Stock
par value $0.01 per share
(Title of Class of Securities)
C. Stanley Bailey
Chief Executive Officer
Superior Financial Corp.
5000 Rogers Avenue
Fort Smith, Arkansas 72903
(501) 484-4305
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
August 13, 1999
(Date of Event which Requires Filing of this Statement)
If the 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(S)(S) 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box. [_]
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SCHEDULE 13D
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CUSIP NO. 868161 10 0 PAGE OF PAGES
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Alexander D. Warm
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
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SEC USE ONLY
3
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SOURCE OF FUNDS*
4
AF
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
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CITIZENSHIP OR PLACE OF ORGANIZATION
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United States
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SOLE VOTING POWER
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NUMBER OF
537,100 5.33%
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 462,500 4.59%
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EACH SOLE DISPOSITIVE POWER
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REPORTING
537,100 5.33%
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
462,500 4.59%
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
999,600 9.92%
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[X]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
9.92%
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TYPE OF REPORTING PERSON*
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IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
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Item 1. Security and Issuer
Common Stock, par value $0.01 per share
Superior Financial Corp.
5000 Rogers Avenue
Fort Smith, Arkansas 72903
Item 2. Identity and Background
(a) Alexander D. Warm
(b) Warm Bros. Construction
2335 Florence Avenue
Cincinnati, Ohio 45206
(business address)
(c) Chairman and CEO
Warm Bros. Construction
2335 Florence Avenue
Cincinnati, Ohio 45206
(d) Not Applicable
(e) Not Applicable
(f) United States
Item 3. Source and Amount of Funds or Other Consideration
The events which required this filing were the purchases of
50,000 shares, 50,000 shares and 50,000 shares of common stock of
Superior Financial Corp. on August 13, 1999, August 16, 1999 and
August 19, 1999, respectively, by Financial Stocks Private Equity
Fund 1998, L.P. Financial Stocks, Inc. is the general partner of
Financial Stocks Private Equity Fund 1998, L.P. Alexander D. Warm
is a director of Financial Stocks, Inc. The source of the funds
was the working capital of Financial Stocks Private Equity Fund
1998, L.P. The aggregate consideration for the three purchases
was $1,809,000.
Mr. Warm previously acquired beneficial ownership of 537,100
shares of common stock of Superior Financial Corp. in a private
placement transaction that was consummated on April 1, 1998.
Superior Financial Corp. registered its common stock under
section 12(g) of the Securities Exchange Act of 1934 on January
5, 1999.
Item 4. Purpose of Transaction
The acquisitions of common stock which are the subject of this
filing were made for general investment purposes.
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Item 5. Interest in Securities of the Issuer
(a) Aggregate Number and Percentage Beneficially Owned:*
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Common Stock 999,600 9.92%
* Includes shares held by Financial Stocks Private Equity
Fund 1998, L.P. and Vine Street Exchange Fund, L.P.
Financial Stocks, Inc, is the general partner of Financial
Stocks Private Equity Fund 1998, L.P. and Vine Street
Exchange Fund, L.P.
(b) Power to Vote and Dispose of Shares:
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Alexander D. Warm has the sole power to vote and to dispose
of the 537,100 shares directly owned by him. As a director
of Financial Stocks, Inc., Mr. Warm has shared power to vote
and dispose of the 150,000 shares held by Financial Stocks
Private Equity Fund 1998, L.P. and the 312,500 shares held
by Vine Street Exchange Fund, L.P.
(c) Transactions During the Past 60 Days:
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Alexander D. Warm has not personally traded any common stock
of Superior Financial Corp. in the last 60 days.
Financial Stocks Private Equity Fund 1998, L.P. purchased
50,000 shares of Superior Financial Corp. common stock on
August 13, 1999 for $12.06 per share on the open market.
Financial Stocks Private Equity Fund 1998, L.P. purchased
50,000 shares of Superior Financial Corp. common stock on
August 16, 1999 for $12.06 per share on the open market.
Financial Stocks Private Equity Fund 1998, L.P. purchased
50,000 shares of Superior Financial Corp. common stock on
August 19, 1999 for $12.06 per share on the open market.
(d) Rights of Other Persons with Respect to Securities:
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Not Applicable.
(e) Sale on Which Reporting Person Ceased to be Beneficial
Owner:
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Not Applicable.
Item 6. Contracts, Arrangements, Understandings, or Relationships with Respect
to the Securities of the Issuer.
Financial Stocks, Inc. is the general partner of Financial Stocks
Private Equity Fund 1998, L.P. and Vine Street Exchange Fund, L.P.
Financial Stocks Private Equity Fund 1998, L.P. owns 150,000 shares of
common stock of Superior Financial Corp. Vine Street Exchange Fund,
L.P. owns 312,500 shares of common stock of Superior Financial Corp.
Steven N. Stein, John M. Stein, Alexander D. Warm and Stanley L.
Vigran are the directors and shareholders of Financial Stocks, Inc.
Steven N. Stein and John M. Stein are brothers. Steven N. Stein owns
577,600 shares of common stock of Superior Financial Corp. John M.
Stein is a director of Superior Financial Corp. and owns 168,800
shares of its common stock. Alexander D. Warm owns 537,100 shares of
common stock of Superior Financial Corp. Stanley L. Vigran owns 30,000
shares of common stock of Superior Financial Corp.
Steven N. Stein disclaims any beneficial ownership of the stock held
by any of John M. Stein, Alexander D. Warm and Stanley L. Vigran. John
M. Stein disclaims any beneficial ownership of the stock held by any
of Steven N. Stein, Alexander D. Warm and Stanley L. Vigran. Alexander
D. Warm disclaims any beneficial ownership of the stock held by any of
Steven N. Stein, John M. Stein or Stanley L. Vigran. Stanley L. Vigran
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disclaims any beneficial ownership of the stock held by any of Steven
N. Stein, John M. Stein or Alexander D. Warm.
Item 7. Material Filed as Exhibits
Not Applicable.
Signatures
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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.
August 20, 1999
/s/ Alexander D. Warm
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Alexander D. Warm
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