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)
April 24, 1997
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 new
stock repurchase program that authorizes the repurchase within the next year of
up to 15% of the outstanding shares of the common stock of the registrant.
For further details, reference is made to the press release dated April
24, 1997, 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 April 24, 1997.
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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:May 5, 1997 By: /s/Larry Schugart
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Larry Schugart
President
NEWS RELEASE EXHIBIT NO. 99
April 24, 1997
[LANDMARK BANCSHARES, INC. LETTERHEAD]
FOR IMMEDIATE RELEASE
FOR FURTHER INFORMATION CONTACT:
Larry Schugart, President
James F. Strovas, Sr VP
Phone: 316-227-8111
Landmark Bancshares, Inc.
Adopts New Stock Repurchase Program
Dodge City, Kansas, March 20, 1997 -- Landmark Bancshares, Inc., the holding
company for Landmark Federal Savings Bank, has announced its intention to
repurchase up to 473,316 shares or 15% of the Company's common stock. The
Companny previously discontinued a stock repurchase plan adopted on October 16,
1996 to repurchase up to 5% of its outstanding Common Stock by March 27, 1997.
The prior four repurchase programs implemented by the Company were subject to
regulatory restrictions governing stock repurchases by financial institution
holding companies having a subsidiary which converted from mutual-to-stock form
for a period of three years after the stock conversion. These restrictions
expired on March 28, 1997, the third anniversary of the Bank's stock conversion.
The repurchases may be made periodically throughout the next year from time to
time as stock is available, based upon various factors, including the price of
the stock, the market and the Company's financial performance. Repurchases may
be made through privately-negotiated transactions, odd lot purchases and
open-market transactions. Depending upon the availability and price of the
stock, there is no assurance that shares of Common Stock will be repurchased.
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 and other Company and Bank stock benefit plans.
The Bank is a federally-chartered stock savings bank headquartered in Dodge
City, Kansas. In addition, the Bank has four branch offices located in Garden
City, Great Bend, Hoisington, and La Crosse, Kansas. The Bank's deposits are
federally-insured by the Federal Deposit Insurance Corporation ("FDIC"). The
Bank is a community-oriented, full service retail savings bank offering
traditional mortgage loan products. At March 31, 1997, Landmark Bancshares, Inc.
had total assets and stockholders' equity of $223,779,333 and $32,749,886,
respectively. The Corporation's common stock is traded in the over-the-counter
market on the NASDAQ National 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
