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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
PANCHO'S MEXICAN BUFFET, INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
698304201
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(CUSIP Number)
KEVIN C. KING
P.O. BOX 79099
HOUSTON, TX 77029-9099
(713) 465-5100
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
DECEMBER 14, 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 that is the subject of this Schedule 13D, and is
filing this schedule because of ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g),
check the following box. [ ]
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CUSIP NO. 698304201 Page 2 of 5 Pages
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(1) Names of reporting persons: KEVIN C. KING
I.R.S. Identification Nos. of above persons (entities only):
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(2) Check the appropriate box if a member of a group (see instructions):
(a) [ ]
(b) [ ]
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(3) SEC use only
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(4) Source of funds (see instructions): PF
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(5) Check if disclosure of legal proceedings is required pursuant to
Items 2(d) or 2(e). [ ]
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(6) Citizenship or place of organization: United States
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(7) Sole voting power: 99,100
Number of
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shares
(8) Shared voting power: 0
beneficially
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owned by
(9) Sole dispositive power: 99,100
each reporting
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person with:
(10) Shared dispositive power: 0
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(11) Aggregate amount beneficially owned by each reporting person: 99,100
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(12) Check if the aggregate amount in Row (11) excludes certain shares
(see instructions). [ ]
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(13) Percent of class represented by amount in Row (11): 6.74%
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(14) Type of reporting person (see instructions): IN
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CUSIP NO. 698304201 Page 3 of 5 Pages
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STATEMENT FOR SCHEDULE 13D
ITEM 1. Security and Issuer.
The class of equity securities to which this Statement
relates is the common stock $.10 par value (the "Common Stock"), of Pancho's
Mexican Buffet, Inc., a Delaware corporation (the "Issuer"), whose principal
executive office is located at 3500 Noble Avenue, Fort Worth, Texas 76111.
ITEM 2. Identity and Background.
This Statement is filed on behalf of Kevin C. King, whose
address is P.O. Box 79099, Houston, Texas 77029-9099. Mr. King's principal
business is as a private investor. Mr. King has not, during the last five
years, been a party to a civil proceeding of a judicial or administrative body
of competent jurisdiction and as a result of such proceeding was or is subject
to a judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities
laws or finding any violations with respect to such laws. Mr. King is a citizen
of the United States.
ITEM 3. Source and Amount of Funds or Other Consideration.
Mr. King is the beneficial owner of 99,100 shares of the
Common Stock, for which he paid an aggregate $332,984.12, the source of which
was personal funds.
ITEM 4. Purpose of Transaction.
Mr. King purchased the shares of the Issuer described herein
in order to acquire an interest in the Issuer for investment purposes. Mr. King
intends to review continuously his position in the Issuer. Depending upon
future evaluations of the business prospects of the Issuer and upon other
developments, including, but not limited to, general economic and business
conditions and stock market conditions, Mr. King may retain or from time to
time increase his holdings or dispose of all or a portion of his holdings
subject to any applicable legal and contractual restrictions on his ability to
do so.
Based upon an evaluation of the Issuer's operations and
future plans, as well as his own financial status and general economic and
market conditions. Mr. King may (a) consider asking the Issuer to have one or
more of his representatives appointed to the Board of Directors of the Issuer
or (b) consider engaging in the solicitation of proxies to elect his nominees
to the Board of Directors of the Issuer.
Except as set forth in this Item 4, Mr. King has no 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
Securities Exchange Act of 1934, as amended.
ITEM 5. Interest in Securities of the Issuer.
Aggregate Number and Percentage of Securities: Mr. King
beneficially owns 99,100 shares of Common Stock, representing 6.74% of the
Issuer's outstanding Common Stock.
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CUSIP NO. 698304201 Page 4 of 5 Pages
Power to Vote and Dispose: Mr. King has voting and
dispositive power over all shares beneficially owned by him.
Transactions Within Past 60 Days: Other than the purchases
set forth below, Mr. King has not engaged in any transactions with respect to
the Issuer's securities in the past 60 days.
PRICE PER NUMBER OF
DATE OF PURCHASE SHARE SHARES
---------------- --------- ---------
11/30/2000 3.4375 1,000
11/30/2000 3.375 1,000
12/8/2000 3.375 1,000
12/13/2000 3.125 1,000
12/14/2000 3.0221 16,400
12/15/2000 3.00 4,000
12/18/2000 3.2712 5,900
12/21/2000 3.4107 7,000
12/22/2000 3.50 4,000
Certain Rights of Other Persons: Not applicable.
Date Ceased to be 5% Owner: Not applicable.
ITEM 6. Contracts, Arrangements, Understandings or Relationships With Respect
to Securities of the Issuer.
None.
ITEM 7. Material to be Filed as Exhibits.
None.
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CUSIP NO. 698304201 Page 5 of 5 Pages
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.
Dated: December 26, 2000.
/s/ KEVIN C. KING
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Kevin C. King
