<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDED FORM 10-K
/X/ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 (FEE REQUIRED)
For the fiscal year ended September 30, 1994.
OR
/ / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 (NO FEE REQUIRED)
For the transition period from to
Commission file number 2-63708.
METROPOLITAN MORTGAGE & SECURITIES CO., INC
(Exact name of registrant as specified in its charter)
WASHINGTON 91-0609840
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
WEST 929 SPRAGUE AVENUE, SPOKANE, WASHINGTON 99204
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (509)838-3111
Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act:
Preferred Stock Series: C 448,442 shares E-3 108,367 shares
D 687,919 shares E-4 62,992 shares
E-1 764,054 shares E-5 13,746 shares
E-2 45,578 shares E-6 12,593 shares
______________________________________________________________________
(Title of Class)
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period
that the registrant was required to file such reports), and (2) has
been subject to such filing requirements for the past 90 days.
Yes X No
Indicate by check mark if disclosure of delinquent filers pursuant to
Item 405 of Regulation S-K (229.405 of this Chapter) is not contained
herein, and will not be contained, to the best of registrant's
knowledge, in definitive proxy or information statements incorporated
by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. /x/
Indicate the number of shares outstanding of each of the issuer's
classes of common stock, as of September 30, 1994.
Class A Common Stock: 130 Class B Common Stock: 2
Documents incorporated by reference: None
<PAGE>
3(a). Restated Articles of Incorporation, as amended, dated
November 30, 1987. (Exhibit 3(a) to Metropolitan's
Annual Report on Form 10-K for fiscal 1987).
3(b). Bylaws as amended to October 31, 1988. (Exhibit 3(b)
to Metropolitan's Annual Report on Form 10-K for
fiscal 1988.)
3(c). Amendment to Articles of Incorporation dated November
5, 1991. (Exhibit 3(c) to Registration No. 33-40220.)
3(d). Amendment to Articles of Incorporation dated September
20, 1992. (Exhibit 3(c) to Metropolitan's Annual
Report on Form 10-K for fiscal 1992.)
4(a). Indenture, dated as of July 6, 1979, between
Metropolitan and Seattle-First National Bank, Trustee
(Exhibit 3 to Metropolitan's Annual Report on Form
10-K for fiscal 1979).
4(b). First Supplemental Indenture, dated as of October 3,
1980, between Metropolitan and Seattle-First National
Bank, Trustee (Exhibit 4 to Metropolitan's Annual
Report on Form 10-K for fiscal 1980).
4(c). Second Supplemental Indenture, dated as of November
12, 1984, between Metropolitan and Seattle-First
National Bank, Trustee (Exhibit 4(d) to Registration
No. 2-95146).
4(d). Amended Statement of Rights, Designations and
Preferences of Variable Rate Preferred Stock, Series
C (Exhibit 4(g) to Registration No. 33-2699).
4(e). Statement of Rights, Designations and Preferences of
Variable Rate Preferred Stock, Series D (Exhibit 4(a)
to Registration No. 33-25702).
4(f). Statement of Rights, Designations and Preferences of
Variable Rate Preferred Stock, Series E-1, (Exhibit
4(a) to Registration No. 33-19238).
4(g). Amended Statement of Rights, Designations and
Preferences of Variable Rate Preferred Stock, Series
E-2 (Exhibit 4(a) to Registration No. 33-25702).
4(h). Statement of Rights, Designations and Preferences of
Variable Rate Preferred Stock, Series E-3 (Exhibit
4(a) to Registration No. 33-32586).
4(i). Statement of Rights, Designations and Preference of
Variable Rate Cumulative Preferred Stock, Series E-4
(Exhibit 4(h) to Registration No. 33-40221).
4(j). Form of Statement of Rights, Designations and
Preferences of Variable Rate Preferred Stock, Series
E-5. (Exhibit 4(i) to Registration No. 33-57396.)
4(k). Indenture, dated as of November 15, 1990, between
Summit Securities, Inc. and West One Bank, Idaho,
N.A., Trustee (Exhibit 4 to Registration No.
33-36775).
4(l). Form of Statement of Rights, Designations and
Preferences of variable rate cumulative Preferred
Stock, Series E-6.
4(m). Form of Variable Rate Cumulative Preferred Stock
Certificate.
4(n). Form of Debenture Series II Certificate
4(o). Form of Debenture Series I Certificate.
9. Irrevocable Trust Agreement (Exhibit 9(b) to
Registration No. 2-81359).
11. Statement Indicating Computation of Per-Share
Earnings. (SEE "CONSOLIDATED FINANCIAL STATEMENTS".)
12. Statement setting forth computations of ratios of
earnings to combined fixed charges and preferred stock
dividends.
*27. Financial Data Schedules
* Filed herewith
<PAGE>
Pursuant to the requirements of section 13 or 15(d) of the
Securities Exchange Act of 1934, the registrant has duly caused this
report to be signed on its behalf by the undersigned, thereunto duly
authorized.
METROPOLITAN MORTGAGE & SECURITIES CO., INC.
By /s/ C. PAUL SANDIFUR, JR.
_____________________________________________
C. Paul Sandifur, Jr., Chief Executive Officer
Pursuant to the requirements of the Securities Act of 1934, this
report has been signed below by the following persons in the capacities
and on the dates indicated.
Signature Title Date
/s/ C. PAUL SANDIFUR Chairman of the Board
and Director 2/13/95
________________________
C. Paul Sandifur
/s/ C. PAUL SANDIFUR, JR. President, Director and
Chief Executive Officer 2/13/95
________________________
C. Paul Sandifur, Jr.
/s/ ERNEST JURDANA Chief Financial Officer
(Principal Financial Officer) 2/13/95
________________________
Ernest Jurdana
/s/ REUEL SWANSON Secretary and Director
________________________ 2/13/95
Reuel Swanson
/s/ STEVEN CROOKS Controller and Vice
President 2/13/95
________________________ (Principal Accounting Officer)
Steven Crooks
/s/ IRV MARCUS Senior Vice President and
Director 2/13/95
________________________
Irv Marcus
Charles H. Stolz Director
<TABLE> <S> <C>
<PAGE>
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<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-END> SEP-30-1994
<CASH> 29,276
<SECURITIES> 292,562
<RECEIVABLES> 567,256
<ALLOWANCES> 9,108
<INVENTORY> 0
<CURRENT-ASSETS> 0
<PP&E> 17,894
<DEPRECIATION> 8,307
<TOTAL-ASSETS> 1,063,290
<CURRENT-LIABILITIES> 0
<BONDS> 261,500
<COMMON> 297
0
21,437
<OTHER-SE> 10,891
<TOTAL-LIABILITY-AND-EQUITY> 1,063,290
<SALES> 0
<TOTAL-REVENUES> 138,186
<CGS> 0
<TOTAL-COSTS> 104,063
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<LOSS-PROVISION> 5,533
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<INCOME-PRETAX> 8,695
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<EPS-DILUTED> 14,996.00
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