SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
October 18, 1996
Landmark Bancshares, Inc.
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(Exact name of Registrant as specified in its Charter)
Kansas 0-23164 48-1142260
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(State of Incorporation) (SEC File No.) (IRS Employer Identification Number)
Central and Spruce Street, Dodge City, Kansas 67801
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number: (316) 227-8111
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Not Applicable
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(Former name or former address, if changed since last Report)
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LANDMARK BANCSHARES, INC.
INFORMATION TO BE INCLUDED IN REPORT
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Item 5. Other Events
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The Registrant announced that its Board of Directors had adopted a stock
repurchase program that authorizes the repurchase, of up to 5% of the
outstanding shares of the common stock of the registrant. The Registrant has
received regulatory approval of the stock repurchase program.
For further details, reference is made to the press release dated October
18, 1996, which is attached hereto as Exhibit 99 and incorporated herein by this
reference.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits
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Exhibit 99 -- Press Release dated October 18, 1996.
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SIGNATURES
Pursuant to the requirements 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.
Landmark Bancshares, Inc.
Date:October 18, 1996 By: /s/Larry Schugart
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Larry Schugart
President
NEWS RELEASE EXHIBIT NO. 99
[LANDMARK BANCSHARES, INC. LETTERHEAD]
FOR IMMEDIATE RELEASE
FOR FURTHER INFORMATION CONTACT:
Larry Schugart, President or
October 18, 1996 James F. Strovas, Sr Vice-President
Phone: 316-227-8111
LANDMARK BANCSHARES, INC., the holding company for Landmark Federal Savings
Bank, plans to repurchase up to 92,649 shares of the Company's Common Stock.
Larry Schugart, President, said the Company has been authorized by its Board of
Directors to repurchase an additional 5% of its 1,852,996 outstanding shares of
common stock. The Company has received the necessary regulatory approval to
initiate the repurchase program.
Schugart, in making the announcement, indicated that with the current price
trading at about 92% of book value, there is no better way to add franchise
value to the institution, or to give the shareholder a better return on their
investment. The repurchases will be made in open market transactions, subject to
the availability of stock. The repurchased shares will become treasury shares
and will be utilized for general corporate purposes, including the issuance of
shares in connection with the exercise of stock options.
The Company completed its offering of Common Stock in connection with the
conversion of Landmark Federal Savings Bank from a federally chartered mutual
savings association to a federally chartered stock savings bank on March 28,
1994. The Company sold 2,281,312 shares at $10.00 per share, raising $22,813,120
in gross proceeds.
Landmark Federal Savings Bank with assets of over $210 million is headquartered
in Dodge City, Kansas with branch offices in Great Bend, Garden City, Hoisington
and LaCrosse. The Company is traded on the NASDAQ National Market System under
the symbol "LARK".
STOCK TRADED ON NASDAQ NATIONAL MARKET SYSTEM UNDER THE
SYMBOL "LARK"
CENTRAL AND SPRUCE/P.O. BOX 1437/DODGE CITY, KANSAS 67801-1437/(316)227-8111
OFFICES IN: DODGE CITY - GARDEN CITY - GREAT BEND - HOISINGTON - LACROSSE
