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SECURITIES AND EXCHANGE COMMISSION,
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ___) [Fna]
[Fna] 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).
MSB Financial, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
553519109
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(CUSIP Number)
W. Howard Morris
300 River Place, Suite 5350
Detroit, MI 48207
- --------------------------------------------(Name, Address and Telephone
Number of Person Authorized to Receive Notices and Communications)
January 26, 1998
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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 ( ).
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.
CUSIP No. 553519109
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(1) Names of reporting persons
WILMOCO Capital Management, L.L.C. - IRS No. 38-3282811
(W. Howard Morris, Carl B. Smalls)
S.S. or I.R.S. Identification Nos. of above persons
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(2) Check the appropriate box if a member of a group (a)
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(see instructions) (b)
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(3) SEC use only
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(4) Source of funds (see instructions) 00
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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
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Number of shares beneficially owned by each reporting person with:
(7) Sole voting power 109,580
(8) Shared voting power 0
(9) Sole dispositive power 109,580
(10) Shared dispositive power 0
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(11) Aggregate amount beneficially owned by each reporting person.
109,580
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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) 8.89%
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(14) Type of reporting person (see instructions) IA
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Page 2 of 2 Pages
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SCHEDULE 13D
Item 1. Security and Issuer.
Common Stock
MSB Financial, Inc. (MSBF)
Charles Cook, CEO/President
1071 North Park Street
Marshall, MI 49068
Item 2. Identity and Background.
WILMOCO Capital Management, L.L.C.
Principal Occupation: Investment advisors, fund managers
State of Organization: Michigan
Address: 300 River Place, Suite 5350
Detroit, MI 48207
President & Chief Investment Officer, W. Howard Morris
Senior Vice President, Investments, Carl B. Smalls
(W. Howard Morris and Carl B. Smalls are the only members of the
limited liability company. Both are United States citizens.)
Item 3. Source and Amount of Funds or Other Consideration.
Various client accounts managed by WILMOCO (total of $50 million
currently under management).
Item 4. Purpose of Transaction.
Investment purposes.
Item 5. Interest in Securities of the Issuer.
(a) Aggregate number of the class of securities: 109,580
Percentage of the class of securities: 8.89%
(b) Sole voting power: 109,580 shares
Shared voting power: 0 shares
Sole dispositive power: 109,580 shares
Share dispositive power: 0
(c) WILMOCO purchased 12,100 shares of MSBF on January 26, 1998 at
$17.25 per share. The shares were purchased by W. Howard Morris
and Carl B. Smalls of WILMOCO through Friedman Billings Ramsey.
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(d) The various funds under WILMOCO's investment management have the
right to receive, or the power to direct the receipt of dividends
from, or proceeds of the sale of, the securities.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
None.
Item 7. Material to be Filed as Exhibits.
None.
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: February 5,1998 Date: February 5, 1998
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Signature: /s/ W. Howard Morris Signature: /s/ Carl B. Smalls
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W. Howard Morris Carl B. Smalls
Name/Title: President/Chief Investment Name/Title: Sr. Vice President,
Officer Investments
