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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ________)*
Austins Steaks & Saloon, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
052482-10-6
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(CUSIP Number)
Tish Gade-Jones, 6940 "O" Street Suite 334, Lincoln, NE, 68510, (402)466-2333
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
June 12, 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 acquisitions that is the subject of this Schedule 13D, and is filing this
schedule because of Section 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), 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 1 of 7 Pages
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CUSIP No. 052482-10-6
(1) Names of reporting persons.................. Greg S. Cutchall (shares owned by
I.R.S. Identification Nos. of above Steer Enterprises/MIHART Inc., of
persons (entities only)............ which Greg S. Cutchall is President,
Secretary, and owns 100% of the
shares in the corporation.
(2) Check the appropriate box if a member
of a group (see instructions)
(3) SEC use only
(4) Source of funds (see instructions)......... OO
(5) Check if disclosure of legal
proceedings is required pursuant to Items Not applicable
2(d) or 2(e).
(6) Citizenship or place of organization USA
Number of shares beneficially owned by
each reporting person with:
(7) Sole voting power........... (7) 225,000
(8) Shared voting power........ (8) 0
(9) Sole dispositive power........ (9) 225,000
(10)Shared dispositive power....... (10) 0
(11) Aggregate amount of beneficially
owned by each reporting person. 225,000
(12) Check if the aggregate amount in Row
(11) excludes certain shares (see
instructions).
(13) Percent of class represented by amount
in Row (11).................................... 8.8%
(14) Type of reporting person (see
instructions).................................... CO
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Page 2 of 7 Pages
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ITEM 1.
(a) TITLE OF CLASS OF SECURITIES: COMMON STOCK
(b) NAME AND ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
AUSTINS STEAKS & SALOON, INC., 6940 "O" STREET SUITE 334,
LINCOLN, NE 68510
ITEM 2.
(a) NAME OF PERSON FILING: Greg S. Cutchall
(b) ADDRESS, RESIDENCE OR BUSINESS: 4524 FARNAM STREET, OMAHA,
NE 68132
(c) PRINCIPAL OCCUPATION, BUSINESS AND ADDRESS: PRESIDENT,
CUTCHALL MANAGEMENT COMPANY, 4524 FARNAM STREET, OMAHA, NE 68132
(d) CONVICTED IN A CRIMINAL PROCEEDING IN THE LAST FIVE
YEARS: NOT APPLICABLE
(e) PARTY TO A CIVIL PROCEEDING OF A JUDICIAL OR
ADMINISTRATIVE BODY OF COMPETENT JURISDICTION: NOT
APPLICABLE
(f) CITIZENSHIP: USA
ITEM 3.
(a) SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION: MR. CUTCHALL
EXCHANGED FIXED ASSETS, LEASEHOLD IMPROVEMENTS AND THE LEASING OF
STEER ENTERPRISE/MIHART, INC.'S BUILDING FOR 20 YEARS
Page 3 of 7 Pages
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(INCLUDING EXTENSIONS) AT A REASONABLE PRICE, FOR THE SHARES OF
COMMON STOCK REPORTED HEREIN.
ITEM 4. PURPOSE OF TRANSACTION
MR. CUTCHALL ACQUIRED THE 225,000 SHARES OF COMMON STOCK IN
CONJUNCTION WITH THE SALE OF CERTAIN ASSETS AND LEASEHOLD
IMPROVEMENTS. AT THIS TIME, MR. CUTCHALL HAS NO PLANS OR PROPOSALS
WHICH WOULD RELATE TO OR RESULT IN THE FOLLOWING:
(a) THE ACQUISITION OF ADDITIONAL SECURITIES OR
DISPOSITION OF SECURITIES OF THE ISSUER,
(b) AN EXTRAORDINARY CORPORATE TRANSITION,
(c) A SALE OR TRANSFER OF A MATERIAL AMOUNT OF ASSETS OF
THE ISSUER,
(d) ANY MATERIAL CHANGE IN PRESENT CAPITALIZATION OF
DIVIDEND POLICY OF THE ISSUER,
(e) ANY OTHER MATERIAL CHANGE IN THE ISSUER'S BUSINESS
OR CORPORATE STRUCTURE,
(f) CHANGES IN THE ISSUER'S CHARTER, BYLAWS OR OTHER INSTRUMENTS,
(g) 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 INTER-
Page 4 of 7 Pages
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DEALER QUOTATION SYSTEM OF A REGISTERED NATIONAL SECURITIES
ASSOCIATION,
(h) A CLASS OF EQUITY SECURITIES OF THE ISSUER BECOMING ELIGIBLE FOR
TERMINATION OF REGISTRATION PURSUANT TO SECTION 12(g)(4) OF THE ACT,
(i) ANY ACTION SIMILAR TO ANY OF THOSE ENUMERATED
ABOVE.
ON JUNE 25, 1998, MR. CUTCHALL WAS ELECTED TO THE BOARD OF DIRECTORS
OF AUSTINS STEAKS & SALOON, INC.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) STATE THE AGGREGATE NUMBER AND PERCENTAGE OF THE CLASS OF
SECURITIES: MR. CUTCHALL OWNS, INDIRECTLY, 225,000 SHARES OF COMMON
STOCK, OR 8.8%.
(b) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(i) Sole power to vote or to direct the vote: 225,000
(ii) Shared power to vote or to direct the vote: not applicable
(ii) Sole power to dispose or to direct the
deposition: 225,000
(iii) Shared power to dispose or to direct the
deposition: not applicable
(c) DESCRIBE ANY TRANSACTIONS IN THE CLASS OF SECURITIES REPORTED ON THAT
WERE EFFECTED DURING THE LAST SIXTY DAYS OR SINCE THE MOST RECENT
FILING OF SCHEDULE 13D: NOT APPLICABLE
Page 5 of 7 Pages
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ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS, OR RELATIONSHIPS WITH RESPECT
OT SECURITIES OF THE ISSUER: NOT APPLICABLE
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS: NOT APPLICABLE
Page 6 of 7 Pages
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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.
6-22-98
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Date
/s/ Greg S. Cutchall
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Signature
Greg S. Cutchall , Director
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Name/Title
Page 7 of 7 Pages
