<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
EUFAULA BANCCORP, INC.
----------------------------------------------------
(Name of Issuer)
COMMON STOCK, PAR VALUE $1.00 PER SHARE
-------------------------------------------
(TITLE OF CLASS OF SECURITIES)
29816N102
----------------------------------------------------------
(CUSIP NUMBER)
MICHAEL C. DIXON, POST OFFICE BOX 280
EUFAULA, ALABAMA 36072 (334)687-8204
-----------------------------------------------
(NAME, ADDRESS AND TELEPHONE NUMBER
OF PERSON AUTHORIZED TO RECEIVE
NOTICES AND COMMUNICATIONS)
AUGUST 19, 1997
--------------------------------------------------------
(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 Rule 13d-1(b)(3) or (4), check the following box [ ].
*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).
<PAGE>
SCHEDULE 13D
CUSIP No. 29816N102 Page 2 of 2 Pages
---------------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Michael C. Dixon
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
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
NUMBER OF 279,806
SHARES -----------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 13,343
REPORTING -----------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
279,806
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
13,343
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
293,149
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.19
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*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.
Page 2 of 2
<PAGE>
This Statement is filed by Michael C. Dixon, a Director of Eufaula
BancCorp, Inc. (the "Company"). The Company is the issuer to which this
Schedule 13D relates. The Company filed a registration statement on Form 10-SB
on August 19, 1997.
Item 1. Security and Issuer
Common Stock
Par Value $1.00 Per Share
Eufaula BancCorp, Inc.
218-220 Broad Street
Eufaula, Alabama 36072
Item 2. Identity and Background
(a) Michael C. Dixon
(b) M.C. Dixon Lumber Company
Post Office Box 280
Eufaula, Alabama 36072
(c) Secretary-Treasurer, M.C.
Dixon Lumber Company
Post Office Box 280
Eufaula, Alabama 36072
(d) Not Applicable.
(e) Not Applicable.
(f) United States.
Item 3. Source and Amount of Funds or Other Consideration.
Mr. Dixon beneficially owns 293,149 shares of Company Common
Stock. Mr. Dixon also has acquired, and plans to continue to acquire,
shares pursuant to the director stock purchase plan of the Company and
through open market purchases. Such acquisitions will be made with
personal funds.
Item 4. Purpose of Transaction
Mr. Dixon serves as a Director of the Company and he has owned
most of his shares of Company Common Stock for several years prior to
2
<PAGE>
the time the Company became a reporting company under the Securities
Exchange Act of 1934. Mr. Dixon believes that the shares are a sound
investment, and he plans to acquire additional shares in the future.
Mr. Dixon has voted, and plans to continue to vote, his shares in favor
of his election and the election of other management nominees to the
board of directors of the Company.
Item 5. Interest of Securities in the Issuer.
(a) Mr. Dixon owns 293,149 shares representing 11.19 percent of the
outstanding shares of the Company's common stock. Such shares
include 9,249 shares owned by his wife, 4,094 shares out of a
total of 8,188 shares owned by the M.C. Dixon Testamentary Trust,
as to which Mr. Dixon serves as co-trustee with his brother,
Robert M. Dixon, and 12,324 shares held as custodian for Mr.
Dixon's children.
(b) Mr. Dixon has sole power to vote and to dispose of such shares
except for the shares held by his wife and the shares held by the
trust described in Item 5(a) above over which Mr. Dixon has
shared voting and investment powers.
(c) During the last 60 days, Mr. Dixon has acquired 36 shares at a
price of $15.82 per share pursuant to the Company's director
stock purchase plan. On April 24, 1998, Mr. Dixon acquired 48,605
shares at a price of $14.00 per share in a public offer of the
Company's common stock.
(d) Not Applicable.
(e) Not Applicable.
Item 6. Contracts, Arrangements, Understandings or Relationship with Respect to
Securities of the Issuer.
Mr. Dixon's brother, Robert M. Dixon, beneficially owns 279,328
shares, representing 10.66 percent, of the Company's Common Stock. Such
shares are not included in this Schedule 13D as shares beneficially
owned by Michael C. Dixon. Michael C. Dixon disclaims any beneficially
ownership interest in the shares owned by his brother. Although it is
likely that Robert M. Dixon and Michael C. Dixon would vote their
shares of Company Common Stock similarly, they have no contracts,
arrangements or commitments regarding the voting of their shares,
except that each serves as a co-trustee of the M.C. Dixon Testamentary
Trust which owns 8,188 shares of Company Common Stock and each person
must agree as to how such trust will vote such shares. Robert M. Dixon
is also filing a Schedule 13D representing the shares of Company Common
Stock beneficially owned by him.
3
<PAGE>
Item 7. Material to be Filed as Exhibits.
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 5, 1998.
/s/ Michael C. Dixon
---------------------
Michael C. Dixon
4
