SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )
MBLA FINANCIAL CORPORATION
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(Name of issuer)
Common Stock $.01 Par Value Per Share
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(Title of class of securities)
552623100
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(CUSIP Number)
John T. Neer
MBLA Financial Corporation
101 Vine Street
Macon, Missouri 63552
(816) 385-2122
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(Name, address and telephone number of person
authorized to receive notices and communications)
June 23, 1996
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(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
|_|.
Check the following box if a fee is being paid with this Statement |X|.
(A fee is not required only if the filing person: (1) has a previous statement
on file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
Note. Six copies of this statement, including all exhibits,
should be filed with the Commission. See Rule 13d-1(a) for other parties
to whom copies are to be sent.
(Continued on following pages.)
(Page 1 of 7)
<PAGE>
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CUSIP No. 552623100 13D Page 2 of 7 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
John T. Neer
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 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
NUMBER OF
SHARES 70,579
BENEFICIALLY -------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 14,531
REPORTING -------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
84,428
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10 SHARED DISPOSITIVE POWER
682
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
85,110
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.1%
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14 TYPE OF REPORTING PERSON
IN
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<PAGE>
Item 1. Security and Issuer
- ----------------------------
The class of equity securities to which this Statement relates is the
common stock, $0.01 par value per share (the "Common Stock"), of MBLA Financial
Corporation (the "Issuer"), the executive office of which is located at 101 Vine
Street, Macon, Missouri 63552.
Item 2. Identity and Background
- -------------------------------
The name and business address of the person filing this Statement is
John T. Neer, 101 Vine Street, Macon, Missouri, Missouri 63552. Mr. Neer is the
President, Chief Executive Officer and a Director of the Issuer. During the last
five years, Mr. Neer has not been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors), and has not been a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction which
resulted in his being 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 violation with respect to such laws.
Mr. Neer is a citizen of the United States of America.
Item 3. Source and Amount of Funds or Other Consideration
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A total of $312,610 of the personal funds of Mr. Neer were used to
effect the purchase of the Common Stock. Mr. Neer may be deemed to beneficially
own the 682 shares of Common Stock over which his spouse holds sole voting and
dispositive power and for which she paid a total of $6,820 (included in the
$312,610 total). Such amount covers the purchase of 30,579 shares at a purchase
price of $10.00 per share. An additional 5,124 shares are included as
beneficially owned as a result of the grant of shares of Common Stock under the
recognition and retention plan of the subsidiary of the Issuer issued at no cost
to Mr. Neer. An additional
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<PAGE>
40,000 shares are included as beneficially owned and result from the issuance of
options to purchase Common Stock that were granted to Mr. Neer under the 1993
Incentive Stock Option Plan of the Issuer for which the personal funds of Mr.
Neer will not be required, if at all, until such options are exercised. An
additional 8,725 shares have been allocated to Mr. Neer under an employee stock
ownership plan of the Issuer; except as otherwise noted, Mr. Neer did not
purchase these shares.
Item 4. Purpose of Transaction
- ------------------------------
All of the shares reported on this Schedule 13D as beneficially owned
by Mr. Neer were acquired for investment. Mr. Neer may, from time to time,
depending upon market conditions and other investment considerations, purchase
additional securities of the Issuer for investment or dispose of securities of
the Issuer. As a director and an executive officer of the Issuer, Mr. Neer, from
time to time, explores and is presented with potential actions and transactions
which may be advantageous to the Issuer and its stockholders, including possible
mergers, acquisitions and other business combinations.
Other than in the performance of his duties as a director and an
executive officer of the Issuer, Mr. Neer has no current plans or proposals
which relate to or would result in:
(a) the acquisition by any person of additional securities of the
Issuer, or the disposition of securities of the Issuer;
(b) an extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of
its subsidiaries;
(c) a sale or transfer of a material amount of assets of the Issuer or
any of its subsidiaries;
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<PAGE>
(d) any change in the present board of directors or management of the
Issuer, including any plans or proposals to change the number or
term of directors or to fill any existing vacancies on the board;
(e) any material change in the present capitalization or dividend
policy of the Issuer;
(f) any other material change in the Issuer's business or corporate
structure;
(g) changes in the Issuer's certificate of incorporation,
bylaws or instruments corresponding thereto or other actions
which may impede the acquisition of control of the Issuer by any
persons;
(h) causing a class of securities of the Issuer to be delisted from
a national securities exchange or to cease to be authorized
to be quoted in an interdealer quotation system of a registered
national securities association;
(i) a class of equity securities of the Issuer becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the
Securities Exchange Act of 1934, as amended; or
(j) any action similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer
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Mr. Neer may be deemed to own beneficially an aggregate of 85,110
shares of the Common Stock, constituting 6.1% of the number of shares of Common
Stock outstanding on the date hereof. Of these shares of Common Stock, Mr. Neer
has sole power to vote 70,579 shares (which includes 40,000 shares underlying
stock options) and has sole dispositive power over 84,428 shares. Voting or
dispositive power over the remaining shares of Common Stock
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<PAGE>
beneficially owned by Mr. Neer is held by the Issuer or its subsidiaries, except
with respect to the 682 shares held by Mr. Neer's spouse and described in Item
3.
During the past 60 days, the only transaction effected was the vesting
of 10,000 options under the 1993 Incentive Stock Option Plan. The options became
exercisable on June 23, 1996.
Item 6. Contracts, Arrangements, Understanding or Relationships
With Respect to Securities of the Issuer
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Not Applicable.
Item 7. Material to be Filed as Exhibits
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None.
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<PAGE>
SIGNATURE
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.
Date: July 17, 1996 /s/ John T. Neer
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John T. Neer
