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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. 3)*
Team Financial, Inc.
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(Name of Issuer)
Common Stock, no par value
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(Title of Class of Securities)
87815X109
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(CUSIP Number)
Mary Anne O'Connell
Husch & Eppenberger, LLC
190 Carondelet Plaza, Suite 600
St. Louis, Missouri 63105
(314) 480-1715
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 10, 2005
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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 that is the subject of this Schedule 13D, and is filing this
schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box. [ ]
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7 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).
PERSONS WHO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE
NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL
NUMBER.
SEC 1746 (11-03)
CUSIP No. 87815X109
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1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons
(entities only).
Peter W. Brown
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) Y
(b)
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3. SEC Use Only
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4. Source of Funds (See Instructions)
PF
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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 United States
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Number of 7. Sole Voting Power 0
Shares
Beneficially ------------------------------------------------------------
Owned by 8. Shared Voting Power 4,400
Each
Reporting ------------------------------------------------------------
Person With 9. Sole Dispositive Power 0
------------------------------------------------------------
10. Shared Dispositive Power 4,400
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11. Aggregate Amount Beneficially Owned by Each Reporting Person 4,400
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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) .1%(1)
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14. Type of Reporting Person (See Instructions)
IN
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--------
(1) Assumed a total of 4,039,095 shares outstanding, based on the number
reported as of May 13, 2005 in the Issuer's most recent Quarterly
Report on Form 10-Q for the quarterly period ended March 31, 2005.
-2-
CUSIP No. 87815X109
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1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons
(entities only).
McCaffree Financial Corporation
I.R.S. # 48-0934133
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) Y
(b)
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3. SEC Use Only
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4. Source of Funds (See Instructions)
WC
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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
Kansas
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Number of 7. Sole Voting Power 0
Shares ------------------------------------------------------------
Beneficially
Owned by 8. Shared Voting Power 333,400
Each ------------------------------------------------------------
Reporting
Person With 9. Sole Dispositive Power 0
------------------------------------------------------------
10. Shared Dispositive Power 333,400
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
333,400
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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)
8.3%(1)
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14. Type of Reporting Person (See Instructions)
CO
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(1) Assumed a total of 4,039,095 shares outstanding, based on the number
reported as of May 13, 2005 in the Issuer's most recent Quarterly Report on
Form 10-Q for the quarterly period ended March 31, 2005.
-3-
CUSIP No. 87815X109
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1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons
(entities only).
Michael Zuk, Jr.
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) Y
(b)
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3. SEC Use Only
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4. Source of Funds (See Instructions) PF
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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 United States
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Number of 7. Sole Voting Power 5,500
Shares ------------------------------------------------------------
Beneficially
Owned by 8. Shared Voting Power 4,000
Each ------------------------------------------------------------
Reporting
Person With 9. Sole Dispositive Power 5,500
------------------------------------------------------------
10. Shared Dispositive Power 4,000
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11. Aggregate Amount Beneficially Owned by Each Reporting Person 9,500
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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) .2%(1)
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14. Type of Reporting Person (See Instructions)
IN
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--------
(1) Assumed a total of 4,039,095 shares outstanding, based on the number
reported as of May 13, 2005 in the Issuer's most recent Quarterly
Report on Form 10-Q for the quarterly period ended March 31, 2005.
-4-
CUSIP No. 87815X109
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1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons
(entities only).
Carl McCaffree
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) Y
(b)
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3. SEC Use Only
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4. Source of Funds (See Instructions) WC
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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 United States
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Number of 7. Sole Voting Power 0
Shares ------------------------------------------------------------
Beneficially
Owned by 8. Shared Voting Power 333,400
Each ------------------------------------------------------------
Reporting
Person With 9. Sole Dispositive Power 0
------------------------------------------------------------
10. Shared Dispositive Power 333,400
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11. Aggregate Amount Beneficially Owned by Each Reporting Person 333,400
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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) 8.3%(1)
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14. Type of Reporting Person (See Instructions)
IN
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----------
(1) Assumed a total of 4,039,095 shares outstanding, based on the number
reported as of May 13, 2005 in the Issuer's most recent Quarterly
Report on Form 10-Q for the quarterly period ended March 31, 2005.
-5-
The Schedule 13D (the "Schedule 13D") previously filed by the following persons
(collectively, the "Reporting Persons"): (i) Peter W. Brown, individually and on
behalf of his spouse; (ii) Carl McCaffree, individually and in his capacity as
President and controlling stockholder of McCaffree Financial Corporation
("MFC"); (iii) MFC; and (iv) Michael Zuk, Jr., individually and on behalf of his
spouse, with respect to Common Stock, no par value (the "Common Stock") of Team
Financial, Inc. (the "Issuer"), as amended and supplemented by that certain
Amendment No. 1 to the Schedule 13D ("Amendment No. 1"), and that certain
Amendment No. 2 to the Schedule 13D ("Amendment No. 2") is hereby further
amended and supplemented by this Amendment No. 3 to the Schedule 13D ("Amendment
No. 3").
This Amendment No. 3 is being filed to disclose purchases of Common Stock made
by the Reporting Persons after the date of filing of Amendment No.2. Except as
indicated below, all other information set forth in the Schedule 13D, as amended
by Amendment No. 1 and Amendment No. 2, remains unchanged.
This Amendment is being filed jointly by the Reporting Persons. The Joint Filing
Agreement, dated December 23, 2004, is incorporated by reference from Exhibit
99.1 to the Schedule 13D.
ITEM 2. IDENTITY AND BACKGROUND
Subsection (a) of Item 2 is amended and restated in its entirety as
follows:
(a) This Schedule 13D is being filed jointly on behalf of the Reporting
Persons.
Mr. Brown is the indirect beneficial owner of 4,400 shares of Common
Stock.
MFC is the direct beneficial owner of 333,400 shares of Common Stock.
As the controlling stockholder of MFC, Mr. McCaffree is the indirect
beneficial owner of 333,400 shares of Common Stock.
Certain information concerning the executive officers and directors of
MFC, as required to be disclosed pursuant to Item 2 of this schedule,
is set forth in Schedule A hereto and is incorporated herein by
reference.
Mr. Zuk is the direct beneficial owner of 5,500 shares of Common Stock
and the indirect beneficial owner of 4,000 shares of Common Stock.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Item 3 is amended and restated in its entirety as follows:
The net investment cost (including commissions, if any) of the shares
of Common Stock beneficially owned by Mr. Brown is $29,682. The source
of funds for this consideration was personal funds.
The net investment cost (including commissions, if any) of the shares
of Common Stock beneficially owned by MFC and Carl McCaffree is
$4,282,670. The source of funds for this consideration was MFC working
capital.
The net investment cost (including commissions, if any) of the shares
of Common Stock beneficially owned by Mr. Zuk, is $94,424.50. The
source of funds for this consideration was personal funds.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Subsections (a), (b) and (c) of Item 5 are amended and restated in
their entirety as follows:
-6-
(a) The following calculations of ownership percentage are based on a
total of 4,039,095 shares of Common Stock outstanding, as reported as
of May 13, 2005 in the Issuer's most recent Quarterly Report on Form
10-Q for the quarterly period ended March 31, 2005.
Mr. Brown is the indirect beneficial owner of 4,400 shares of Common
Stock representing .1% of the total number of outstanding shares of
Common Stock. Mr. Brown, as successor co-trustee of the Schwartz
Non-Marital Trust created under the Sherman Schwartz Revocable Trust
UTA 11/4/1976 expressly disclaims beneficial ownership of 1,400 shares
of Common Stock held by such trust.
MFC is the direct beneficial owner of 333,400 shares of Common Stock
representing 8.3% of the total number of outstanding shares of Common
Stock. As the holder of 80% of the outstanding voting securities of
MFC, Mr. McCaffree is the controlling stockholder of MFC and the
indirect beneficial owner of such shares of Common Stock.
Mr. Zuk is the direct beneficial owner of 5,500 shares of Common Stock
and the indirect beneficial owner of 4,000 shares of Common Stock. Such
shares in the aggregate represent .2% of the total number of
outstanding shares of Common Stock. Mr. Zuk expressly disclaims
beneficial ownership of 500 shares held by Gordon L. Dugger, Mr. Zuk's
brother-in-law, 500 shares held by Richard M. Line, Mr. Zuk's
brother-in-law, and 2,000 shares held by Mary Line, Mr. Zuk's
mother-in-law, included in the shares reported as indirectly
beneficially owned by Mr. Zuk.
(b) Mr. Brown has shared power to vote and dispose of 4,400 shares of
Common Stock. With respect to 1,500 such shares, he shares such power
with his spouse, Lynne K. Brown. Mrs. Brown, a U.S. citizen, resides at
10206 Delmar, Overland Park, KS 66207. She is a community volunteer.
Mr. Brown generally advises Mrs. Brown with respect to investment
decisions. (See Item 2)
With respect to 1,500 such shares, Mr. Brown shares voting and
dispositive powers with the members of an investment club: Branch
Growth Associates, 4621 West 113th Terrace, Leawood, KS 66211, a
general partnership organized in Kansas. (See Item 2).
With respect to 1,400 such shares, Mr. Brown shares voting and
dispositive powers with Leah Cohen, each as successor co-trustees of
the Schwartz Non-Marital Trust created under the Sherman Schwartz
Revocable Trust UTA 11/4/1976. Ms. Cohen, a U.S. citizen, is retired
and resides at 12213 Dearborn, Overland Park, KS 66209.
MFC has shared power to vote and dispose of 333,400 shares of Common
Stock. Such voting and disposition power is shared with Mr. McCaffree
as the controlling stockholder of MFC.
As the controlling stockholder of MFC, Mr. McCaffree has shared power
to vote and dispose of 333,400 shares of Common Stock, held by MFC as
the direct beneficial owner of such shares.
Mr. Zuk has the sole power to vote and dispose of 5,500 shares of
Common Stock, including 5,000 shares owned outright by him and 500
shares owned by his IRA. Mr. Zuk has shared power to vote and dispose
of 4,000 shares of Common Stock as described below.
o With respect to 1,000 such shares, such powers are
shared with Mr. Zuk's spouse, Gayle Line Zuk, a U.S.
citizen. Mrs. Zuk is a private investor and resides
at 4923 West 96th Terrace, Overland Park, KS 66207.
Mr. Zuk generally advises Mrs. Zuk with respect to
investment decisions. (See Item 2).
o With respect to 2,000 such shares, such powers are
shared with Mary A. Line, Mr. Zuk's mother-in-law, a
U.S. citizen. Mrs. Line is retired, with an address
at 2933 James Avenue, Manhattan, KS 66502. Mr. Zuk
disclaims beneficial ownership with respect to the
shares held by Mrs. Line. (See Item 2).
-7-
o With respect to 500 such shares, such powers are
shared with Richard M. Line, Mr. Zuk's
brother-in-law, a U.S. citizen. Mr. Line is a
clinical psychologist and his business address is
Horizon's Medical Center, 1715 E. 23rd Avenue,
Hutchinson, KS 67502. Mr. Zuk disclaims beneficial
ownership of the shares held by Mr. Line. (See Item
2).
o With respect to 500 such shares, such powers are
shared with Gordon L. Dugger, Mr. Zuk's
brother-in-law, a U.S. citizen. Mr. Dugger's business
address is Boelte-Hall Litho Inc., 4710 Roe Parkway,
Roeland Park, KC 66205. Mr. Zuk disclaims beneficial
ownership of the shares held by Mr. Dugger. (See Item
2).
(c) Since the filing date of Amendment No. 2 each Reporting Person has
effected transactions in the Common Stock by making the purchases
listed in the table below over the Nasdaq National Market.
NUMBER OF AGGREGATE PURCHASE
REPORTING PERSON DATE SHARES PRICE PRICE PER SHARE
--------------------- ------------------------- --------------- ------------------------- -------------------
Carl McCaffree June 10, 2005 882 $11,890 $13.48
and MFC
June 28, 2005 2,100 $29,615 $14.10
July 7, 2005 4,300 $60,420 $14.05
July 7, 2005 4,800 $69,840 $14.55
July 7, 2005 4,800 $69,838 $14.55
July 12, 2005 500 $7,105 $14.21
July 12, 2005 5,000 $72,749 $14.55
July 12, 2005 903 $12,466 $13.81
August 4, 2005 3,200 $47,045 $14.70
August 5, 2005 5,000 $74,005 $14.80
August 5, 2005 5,500 $82,775 $15.05
August 8, 2005 7,700 $117,815 $15.30
ADD PURCHASES
SUBTOTAL: 44,685 $655,563
------------------------- --------------- -------------------------
Peter Brown N/A 0 0 0
SUBTOTAL 0 0 0
------------------------- --------------- ------------------------- -------------------
Michael Zuk N/A 0 0 0
SUBTOTAL 0 0 0
------------------------- --------------- -------------------------
TOTAL 44,685 $655,563
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
The following document is incorporated by reference herein.
(1) Joint Filing Agreement, dated December 23, 2004, executed by the Reporting
Persons (filed as exhibit 99.1 to Schedule 13D)
-8-
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.
August 10, 2005
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Date
/s/ Peter W. Brown
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Signature
Peter W. Brown
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Name/Title
The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative (other than an executive
officer or general partner of the filing person), evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement: provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT
CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)
-9-
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.
August 10, 2005
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Date
/s/ Carl McCaffree
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Signature
Carl McCaffree
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Name/Title
The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative (other than an executive
officer or general partner of the filing person), evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement: provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT
CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)
-10-
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.
August 10, 2005
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Date
McCaffree Financial Corporation
By: /s/ Carl McCaffree, President
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Signature
Carl McCaffree, President
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Name/Title
The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative (other than an executive
officer or general partner of the filing person), evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement: provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT
CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)
-11-
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.
August 10, 2005
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Date
/s/ Michael Zuk, Jr.
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Signature
Michael Zuk, Jr.
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Name/Title
The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative (other than an executive
officer or general partner of the filing person), evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement: provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT
CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)
-12-
SCHEDULE A
The following table sets forth the name and present principal occupation or
employment of each director and executive officer of McCaffree Financial
Corporation. Each such person is a citizen of the United States of America, and
his or her business address (unless otherwise indicated below) is McCaffree
Financial Corporation is 4701 West 110th Street, Overland Park, KS 66211.
NAME PRESENT PRINCIPAL OCCUPATION
------------------------------------------------------- -----------------------------------------------------
Betty Greiner Assistant Secretary
Bryan LaGree Vice President
Carl McCaffree (Director) President, Secretary & Treasurer
Matthew McCaffree (Director) Advertising Executive: Barkley Evergreen &
Partners, 423 W. 8th Street, Kansas City, MO 64105
-13-