UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
AMENDMENT NO. 1
UNIVERAL MONEY CENTERS, INC.
(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE
(Title of Class of Securities)
913756102
(CUSIP Number)
DAVID S. BONSAL
UNIVERSAL MONEY CENTERS, INC.
6800 SQUIBB ROAD
MISSION, KANSAS 66202
(913) 831-2055
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
SEPTEMBER 25, 2000
(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 Sections 240.13d-1(e), 240.13d-1(f) and 240.13d-1(g), check
the following box / /.
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7(b) for
other parties to whom copies are to be sent.
*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
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 ("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).
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SCHEDULE 13D
CUSIP NO. 913756102
1 Name of Reporting Person
IRS Identification Nos. of Above Person (entities only)
DAVID S. BONSAL
2. Check the appropriate Box if a Member of a Group (a) / /
(b) / /
3. SEC Use Only
4. Source of Funds
PF
5. Check Box if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(d) or 2(e) / /
6. Citizenship or Place of Organization
UNITED STATES
7. Sole Voting Power
2,274,341
NUMBER OF SHARES 8. Shared Voting Power
BENEFICIALLY OWNED -0-
BY EACH REPORTING 9. Sole Dispositive Power
PERSON WITH 2,274,341
10. Shared Dispositive Power
-0-
11. Aggregate Amount Beneficially Owned by Each Reporting Person
2,274,341
12. Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares / /
13. Percent of Class Represented by Amount in Row (11)
56.05%
14. Type of Reporting Person
IN
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ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
--------------------------------------------------
As of September 25, 2000, Mr. David S. Bonsal ("Mr. Bonsal") purchased
1,653,413 shares (the "Shares") of the common stock $.01 par value per share of
Universal Money Centers, Inc. (the "Issuer") from the Issuer pursuant to a
rights offering conducted by the Issuer between August 11, 2000 and
September 25, 2000 (the "Rights Offering"). Mr. Bonsal paid the Issuer $0.40
per share, resulting in an aggregate purchase price of $661,362.20 for the
Shares. Mr. Bonsal used personal funds due to him from Universal Fundings
Corporation, a corporation of which Mr. Bonsal owns fifty percent (50%) of the
issued and outstanding shares of capital stock, to purchase the Shares.
ITEM 4. PURPOSE OF TRANSACTION.
----------------------
Mr. Bonsal purchased the Shares described in Item 3 for investment
purposes. Depending on market conditions and other factors that Mr. Bonsal may
deem material to his investment decision, Mr. Bonsal may purchase additional
Shares or may dispose of all or a portion of the Shares that he now owns or
hereafter may acquire. While Mr. Bonsal retains all options for potential future
actions, his present expectations is to remain a significant stockholder of the
Issuer, and as such to have influence upon future corporate development of the
Issuer.
Except as set forth in this Item 4, Mr. Bonsal does not have any
present plans or proposals that relate to or that would result in any of the
actions specified in clauses (a) through (j) of Item 4 of Schedule 13D of the
Act. Mr. Bonsal reserves the right to formulate such plans or proposals, and to
take such action with respect to any or all of such matters and any other
matters as Mr. Bonsal may determine.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
------------------------------------
(a) After giving effect to the 20 to 1 reverse stock split which became
effective on July 7, 2000 and the close of the Issuer's rights offering on
September 25, 2000, Mr. Bonsal beneficially owns 2,274,341 shares of the common
stock of the Issuer which he believes to be 56.05% of the entire class of issued
and outstanding shares of the Issuer.
(b) Mr. Bonsal has sole power to vote, or to direct the vote, and the
sole power to dispose, or direct the disposition of the 2,274,341 shares owned
by him.
(c) On August 4, 2000, Mr. Bonsal gave 280 shares of the common stock
of the Issuer to certain of the Issuer's employees, a family member and two
friends in order that such persons could participate in the Rights Offering.
(d) 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
Shares.
(e) Not applicable.
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Schedule 13D
Amendment No. 1
October 10, 2000
SIGNATURES
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.
October 10, 2000 /s/ David S. Bonsal
-----------------------------------
David S. Bonsal
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