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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
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AUSTINS STEAKS & SALOON, INC.
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(Name of Issuer)
COMMON STOCK, $0.01
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(Title of Class of Securities)
052482 20 5
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(CUSIP Number)
JOSEPH S. COWART
627 FRIENDSHIP CHURCH ROAD, TWIN CITY, GA 30471
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
JULY 1, 1999
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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.
*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).
(Continued on following page(s))
Page 1 of 4 Pages
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CUSIP No. 052482 20 5 13D Page 2 of 4 Pages
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Joseph S. Cowart
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
John S. Cowart Soc. Sec. No. ###-##-####
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) / /
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(3) SEC Use Only
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(4) Source of Funds*
SC
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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
U.S.
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Number of Shares (7) Sole Voting
Beneficially Owned Power 695,000
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power 0
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(9) Sole Dispositive
Power 695,000
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(10) Shared Dispositive
Power 0
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
695,000
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(12) Check 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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*SEE INSTRUCTION BEFORE FILLING OUT!
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SCHEDULE 13D
For
JOSEPH S. COWART
ITEM 1. SECURITY AND ISSUER
The security is Common Stock $0.01 par value per share. The name of the
issuer is Austins Steaks & Saloon, Inc., 416 Jefferson Street, Roanoke,
Virginia 24011.
ITEM 2. IDENTITY AND BACKGROUND
(a) Joseph S. Cowart
(b) 627 Friendship Church Road
Twin City, Georgia 30471
(c) Retired
(d) None
(e) None
(f) U.S.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The 695,000 shares of Common Stock of the Issuer were received in a
merger between Austins Acquisition Corp., a wholly owned subsidiary of the
Issuer and The WesterN SizzliN Corporation effective July 1, 1999. Joseph S.
Cowart surrendered 210,000 shares of common Stock, 125,000 shares of Series B
Convertible Preferred Stock and 12,500 Common Stock Purchase Warrants of
WesterN SizzliN for the Common Stock of the Issuer.
ITEM 4. PURPOSE OF TRANSACTION
The purpose of the acquisition was the mandatory receipt of stock of the
Issuer as a part of the merger transaction described in Item 3 above.
(a) Joseph S. Cowart intends to initially dispose of 8,000 shares to two
individuals in private transactions. Joseph S. Cowart may sell
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shares in the open market from time to time.
(b) - (j) None
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) Joseph S. Cowart owns 695,000 shares of the Common Stock of the
Issuer.
(b) Joseph S. Cowart has sole power to vote and sole power to dispose
of the 695,000 shares.
(c) None
(d) None
(e) N.A.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
None
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None
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 8, 1999
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Signature: /s/ Joseph S. Cowart
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Joseph S. Cowart
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)
