As filed with the Securities and Exchange Commission on August 31, 1999
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
______________________
Form S-8
Registration Statement
Under
The Securities Act of 1933
______________________
Superior Financial Corp.
(Exact name of registrant as specified in its charter)
Delaware 51-0379417
(State of Incorporation) (I.R.S. Employer Identification No.)
5000 Rogers Avenue
Fort Smith, Arkansas 72903 (501) 484-4305
(Address of principal executive offices) (Telephone No.)
Superior Financial Corp. 401(k) Plan
(Full title of plan)
C. Stanley Bailey
Chief Executive Officer
Superior Financial Corp.
5000 Rogers Avenue
Fort Smith, Arkansas 72903
(501) 484-4305
(Name and Address of agent for service)
_______________
With a copy to:
Willard H. Henson
Miller, Hamilton, Snider & Odom, L.L.C.
One Commerce Street, Suite 305
Telephone: (334) 834-5550
Facsimile: (334) 265-4533
CALCULATION OF REGISTRATION FEE
====================================================================================================================================
Title of Securities to be Amount to be Registered Prop. Max. Offering Price Prop. Max. Aggregate Amount of Fee
Registered Per Unit Offering Price
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Common Stock, $0.01 par 100,000 (1) $12.05 (2) $1,205,000 (2) $334.99
value per share
- ------------------------------------------------------------------------------------------------------------------------------------
Interests in Plan (3) N/A (3) N/A N/A N/A (3)
====================================================================================================================================
(1) Estimated maximum aggregate number of shares of Superior Financial Corp.
(the "Company") common stock purchasable with employee and employer
contributions under the Superior Financial Corp. 401(k) Plan (the "Plan")
during the next 36 months.
(2) Estimated in accordance with Rule 457(h), solely for the purpose of
calculating the registration fee at $12.05 per share, which was the
average of the closing bid and ask prices of the Company common stock on
August 27, 1999.
(3) Pursuant to Rule 416(c) under the Securities Act of 1933, as amended, this
Registration Statement also covers an indeterminate amount of interests to
be offered or sold pursuant to the employee benefit plan described herein.
In accordance with Rule 457(h)(2) no separate fee calculation is made for
plan interests.
PART I
INFORMATION REQUIRED IN THE SECTION 10 (a) PROSPECTUS
The document(s) containing the information specified in Part I of Form S-8
will be sent or given to participants in the Plan as specified by Rule 428(b)(1)
promulgated by the Securities and Exchange Commission (the "Commission") under
the Securities Act of 1933, as amended (the "Securities Act").
Such document(s) are not being filed with the Commission, but constitute
(along with the documents incorporated by reference into the Registration
Statement pursuant to Item 3 of Part II hereof) a prospectus that meets the
requirements of Section 10 (a) of the Securities Act.
PART II
INFORMATION NOT REQUIRED IN THE PROSPECTUS
Item 3. Incorporation of Documents by Reference.
---------------------------------------
The following documents previously or concurrently filed by the Company
with the Commission are hereby incorporated by reference in this Registration
Statement and the prospectus to which this Registration Statement relates (the
"Prospectus"), which Prospectus has been or will be delivered to the
participants covered by this Registration Statement:
(a) The prospectus contained in the Company's Registration Statement on Form S-
1 filed on July 28, 1998 (Registration No. 333-60111), as amended by Pre-
Effective Amendment No. 1 to Form S-1 filed on August 25, 1998, Pre-
Effective Amendment No. 2 to Form S-1 filed on November 25, 1998, Pre-
Effective Amendment No. 3 to Form S-1 filed on December 8, 1998, and as
amended by Post-Effective Amendment No. 1 filed on March 29, 1999;
(b) All reports filed by the Company pursuant to Section 13(a) or 15(d) of the
Exchange Act through the date hereof; and
(c) The description of the common stock, par value $0.01 per share. of the
Company contained in the Company's Registration Statement on Form 8-A (File
No. 000-25239) filed with the Commission on January 5, 1999 and all
amendments or reports filed for the purpose of updating such description.
All documents subsequently filed by the registrant pursuant to sections
13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934 (the "Exchange
Act"), after the date hereof, and prior to the filing of a post-effective
amendment which indicates that all securities offered have
1
been sold or which deregisters all securities remaining unsold, shall be deemed
to be incorporated by reference in this Registration Statement and the
Prospectus and to be a part hereof and thereof from the date of filing of such
documents. Any statement contained in the documents incorporated, or deemed to
be incorporated, by reference herein or therein shall be deemed to be modified
or superseded for purposes of this Registration Statement and the Prospectus to
the extent that a statement contained herein or therein or in any other
subsequently filed document which also is, or is deemed to be, incorporated by
reference herein or therein modifies or supercedes such statement. Any such
statement so modified or superseded shall not be deemed, except as so modified
or superseded, to constitute a part of this Registration Statement and the
Prospectus.
The Company shall furnish without charge to each person to whom the Prospectus
is delivered, on written or oral request of such person, a copy of any or all of
the documents incorporated by reference, other than exhibits to such documents
(unless such exhibits are specifically incorporated by reference to the
information that is incorporated). Requests should be made to Rick Gardner,
Superior Financial Corp., 16101 LaGrande Drive, Suite 103, Little Rock, Arkansas
72223, telephone number (501) 324-7253.
All information appearing in this Registration Statement and the Prospectus is
qualified in its entirety by the detailed information, including financial
statements, appearing in the documents incorporated herein or therein by
reference.
Item 4. Description of Securities.
-------------------------
Not applicable.
Item 5. Interests of Named Experts and Counsel.
--------------------------------------
Not applicable.
Item 6. Indemnification of Directors and Officers.
-----------------------------------------
Article 10 of the Registrant's Certificate of Incorporation provides as
follows:
The corporation shall indemnify its directors, officers, employees and agents
to the full extent permitted under the Delaware General Corporation Law.
Article IX of the Registrant's Bylaws provides as follows:
1. Definitions. As used in this Section the following terms shall have the
-----------
meanings set out below:
(a) "Board" - the Board of Directors of the Corporation.
(b) "Claim" - any threatened or pending or completed claim, action, suit, or
proceeding, whether civil, criminal, administrative or investigative and whether
made judicially or extra-judicially, or any
2
separate issue or matter therein, as the context requires.
(c) "Determining Body" - (i) those members of the Board who are not named as
parties to the Claim for which indemnification is being sought ("impartial
Directors"), if there are at least three Impartial Directors, or (ii) a
committee of at least three directors appointed by the Board (regardless whether
the members of the Board of Directors voting on such appointment are fewer than
three Impartial Directors or if the Board of Directors or the committee
appointed pursuant to clause (ii) of this paragraph so directs (regardless
whether the members thereof are Impartial Directors), independent legal counsel,
which may be the regular outside counsel of the Corporation.
(d) "Disbursing Officer" - the Chief Executive Officer of the Corporation or,
if the Chief Executive Officer is a party to the Claim for which indemnification
is being sought, any officer not a party to such Claim who is designated by the
Chief Executive Officer to be the Disbursing Officer with respect to
indemnification request related to the Claim, which designation shall be made
promptly after receipt of the initial request for indemnification with respect
to such Claim.
(e) "Expenses" - any expenses or costs (including, without limitation,
attorney's fees, judgements, punitive or exemplary damages, fines and amounts
paid in settlement).
(f) "Indemnitee" - each person who is or was a director or officer of the
Corporation or the spouse of such person.
2.Indemnity.
---------
(a) To the extent such Expenses exceed the sum or amounts paid or due under or
pursuant to (i) policies of liability insurance maintained by the Corporation,
(ii) policies of liability insurance maintained by or on behalf of the
Indemnitee, and (iii) provisions for indemnification in the by-laws, resolutions
or other instruments of any entity other than the Corporation, the Corporation
shall indemnify Indemnitee against any Expenses actually and reasonably incurred
by hm (as they are incurred) in connection with any Claim either against him or
as to which he is involved solely as a witness or person required to give
evidence, by reason of his position.
(i) as a director or officer of the Corporation,
(ii) as a director or officer of any subsidiary of the Corporation or as a
fiduciary with respect to any employee benefit plan of the Corporation,
(iii) as a director, officer, employee or agent of another corporation,
partnership, joint venture, trust or other for profit or not for profit entity
or enterprise, if such position is or was held at the request of the
Corporation, or
(iv) as the spouse of any person who is or was a director or officer of the
Corporation with respect to any Claim involving the spouse arising by reason of
such person's position as described in clauses (i) , (ii) or (iii), whether
relating to service in such position before or after the effective date of this
Section, if he (i) is successful in his defense of the Claim on the merits or
otherwise or (ii) has been found by the Determining Body (acting in good faith)
to have met the Standard of Conduct; provided that (A) the amount otherwise
payable by the Corporation may be reduced by the Determining Body to such amount
as it deems proper if it determines that the Claim involved the receipt of a
personal benefit by Indemnitee, and (B) no indemnification shall be made in
respect of any Claim as to which Indemnitee shall have been adjudged by a court
of competent jurisdiction, after exhaustion of all appeals therefrom, to be
liable for willful or intentional misconduct in the performance of his duty to
the Corporation or to have obtained an improper personal benefit, unless, and
only to the extent that, a court shall determine upon application that, despite
the adjudication of liability but in view of all the circumstances of the case,
Indemnitee is fairly and reasonably entitled to indemnity for
3
such Expenses as the court deems proper.
(b) The Standard of Conduct is met when the conduct by an Indemnitee with
respect to which a Claim is asserted was conduct that he reasonably believed to
be in, or not opposed to, the best interest of the Corporation, and, in the case
of a criminal action or proceeding, that he had no reasonable cause to believe
was unlawful. The termination of any Claim by judgment, or order, settlement,
conviction, or upon a plea of nolo contendere or it equivalent, shall not, of
itself, create a presumption that Indemnitee did not meet the Standard of
Conduct.
(c) Promptly upon becoming aware of the existence of any Claim as to which he
may be indemnified hereunder, Indemnitee shall notify the Chief Executive
Officer of the Corporation of the Claim and whether he intends to seek
indemnification hereunder. If such notice indicates that Indemnitee does so
intend, the Chief Executive Officer shall promptly advise the Board thereof and
notify the Board that the establishment of the Determining Body with respect to
the Claim will be a matter presented at the next regularly scheduled meeting of
the Board. After the Determining Body has been established, the Chief Executive
Officer shall inform the Indemnitee thereof and Indemnitee shall immediately
provide the Determining Body with all facts relevant to the Claim known to him.
Within 60 days of the receipt of such information, together with such additional
information as the Determining Body may request of Indemnitee, the Determining
Body shall determine, and shall advise Indemnitee of its determination, whether
Indemnitee has met the Standard of Conduct. The Determining Body may extend
such 60 day period by no more than an additional 60 days.
(d) Indemnitee shall promptly inform the Determining Body upon his becoming
aware of any relevant facts not therefore provided by him to the Determining
Body, unless the Determining Body has obtained such facts by other means. If,
after determining that the Standard of Conduct has been met, the Determining
Body obtains facts of which it was not aware at the time it made such
determination, the Determining Body on its own motion, after notifying the
Indemnitee and providing him an opportunity to be heard, may, on the basis of
such facts, revoke such determination, provided that in the absence of actual
fraud by Indemnitee no such revocation may be made later than 30 days after
final disposition of the Claim.
(e) In the case of any Claim not involving a proposed, threatened or pending
criminal proceeding,
(i) If Indemnitee has, in the good faith judgment of the Determining Body,
met the Standard of Conduct, the Corporation may, in its sole discretion after
notice to Indemnitee, assume all responsibility for the defense of the Claim,
and, in any event, the Corporation and the Indemnitee each shall keep the other
informed as to the progress of the defense, including prompt disclosure of any
proposals for settlement; provided that if the Corporation is a party to the
Claim and Indemnitee reasonably determines that there is a conflict between the
positions of the Corporation and Indemnitee with respect to the Claim, then
Indemnitee shall be entitled to conduct his defense, with counsel of his choice;
and provided further that Indemnitee shall in any event be entitled at is
expense to employ counsel chosen by him to participate in the defense of the
Claim; and
(ii) The Corporation shall fairly consider any proposals by Indemnitee for
settlement of the Claim. If the Corporation (A) proposes a settlement
acceptable to the person asserting the Claim, or (B) believes a settlement
proposed by the person asserting the Claim should be accepted, it shall inform
Indemnitee of the terms thereof and shall fix a reasonable date by which
Indemnitee shall respond. If Indemnitee agrees to such terms, he shall execute
such documents as shall be necessary to effect the terms, he shall execute such
documents as shall be necessary to effect the settlement. If he does not agree
he may proceed with the defense of the Claim in any manner he chooses, but if he
is not successful on the merits or otherwise, the Corporation's obligation to
indemnify him for
4
any Expenses incurred following his disagreement shall be limited to the lesser
of (A) the total Expenses incurred by him following his decision not to agree to
such proposed settlement or (B) the amount the Corporation would have paid
pursuant to the terms of the proposed settlement. If, however, the proposed
settlement would impose upon Indemnitee any requirement to act or refrain from
acting that would materially interfere with the conduct of his affairs,
Indemnitee may refuse such settlement and proceed with the defense of the Claim,
if he so desires, at the Corporation's expense without regard to the limitations
imposed by the preceding sentence. In no event, however, shall the Corporation
be obligated to indemnify Indemnitee for any amount paid in a settlement that
the Corporation has not approved.
(f) In the case of a Claim involving a proposed, threatened or pending
criminal proceeding, Indemnitee shall be entitled to conduct the defense of the
Claim, and to make all decisions with respect thereto, with counsel of his
choice; provided that the Corporation shall not be obligated to indemnify
Indemnitee for an amount paid in settlement that the Corporation has not
approved.
(g) After notifying the Corporation of the existence of a Claim, Indemnitee
may from time to time request the Corporation to pay the Expenses (other than
judgments, fines, penalties or amounts paid in settlement) that he incurs in
pursuing a defense of the Claim prior to the time that the Determining Body
determines whether the Standard of Conduct has been met. If the Disbursing
Officer believes the amount requested to be reasonable, he shall pay to
Indemnitee the amount requested (regardless of Indemnitee's apparent ability to
repay such amount) upon receipt of an undertaking by or on behalf of Indemnitee
to repay such amount if it shall ultimately be determined that he is not
entitled to be indemnified by the Corporation under the circumstances. If the
Disbursing Officer does not believe such amount to be reasonable, the
Corporation shall pay the amount deemed by him to be reasonable and Indemnitee
may apply directly to the Determining Body for the remainder of the amount
requested.
(h) After it has been determined that the Standard of Conduct was met, for so
long as and to the extent that the Corporation is required to indemnify
Indemnitee under this Agreement, the provisions of Paragraph (g) shall continue
to apply with respect to Expenses incurred after such time, expect that (i) no
undertaking shall be required of Indemnitee and (ii) the Disbursing Officer
shall pay to Indemnitee such amount of any fines, penalties or judgments against
him which have become final as the Corporation is obligated to indemnify him.
(i) Any determination by the Corporation with respect to settlements of a
Claim shall be made by the Determining Body.
(j) The Corporation and Indemnitee shall keep confidential, to the extent
permitted by law and their fiduciary obligations, all facts and determinations
provided or made pursuant to or arising out of the operation of this Agreement,
and the Corporation and Indemnitee shall instruct it or his agents and employees
to do likewise.
3.Enforcement.
-----------
(a) The rights provided by this Section shall be enforceable by Indemnitee in
any court of competent jurisdiction.
(b) If Indemnitee seeks a judicial adjudication of his rights under this
Section, Indemnitee shall be entitled to recover from the Corporation, and shall
be indemnified by the Corporation against, any and all Expenses actually and
reasonably incurred by him in connection with such proceeding, but only if he
prevails therein. If it shall be determined that Indemnitee is entitled to
receive part but not all of the relief sought, then the Indemnitee shall be
entitled to be reimbursed for all Expenses incurred by him in connection with
such judicial adjudication if the amount to which he is
5
determined to be entitled exceeds 50% of the amount of his claim. Otherwise, the
Expenses incurred by Indemnitee in connection with such judicial adjudication
shall be appropriately prorated.
(c) In any judicial proceeding described in this subsection, the Corporation
shall bear the burden of proving that Indemnitee is not entitled to any Expenses
sough with respect to any Claim.
4.Saving Clause. If any provision of this Section is determined by a court
-------------
having jurisdiction over the matter to require the Corporation to do or refrain
from doing any act that is in violation of applicable law, the court shall be
empowered to modify or reform such provision so that, as modified or reformed,
such provision provides the maximum indemnification permitted by law, and such
provision, as so modified or reformed, and the balance of this Section, shall be
applied in accordance with their terms. Without, the generality of the
foregoing, if any portion of this Section shall be invalidated on any ground,
the Corporation shall nevertheless indemnify an Indemnitee to the full extent
permitted by any applicable portion of this Section that shall not have been
invalidated and to the full extent permitted by law with respect to that portion
that has been invalidated.
5.Non-Exclusivity.
---------------
(a) The indemnification and advancement of Expenses provided by or granted
pursuant to this Section shall not be deemed exclusive of any other rights to
which Indemnitee is or may become entitled under any statue, article of
incorporation, by-law, authorization of shareholders or directors, agreement, or
otherwise.
(b) It is the intent of the Corporation by this Section to indemnify and hold
harmless Indemnitee to the full extent permitted by law, so that if applicable
law would permit the Corporation to provide broader indemnification rights that
are currently permitted, the Corporation shall indemnify and hold harmless
Indemnitee to the full extent permitted by applicable law notwithstanding that
the other terms of this Section would provide for lesser indemnification.
6.Successors and Assigns. This Section shall be binding upon the Corporation,
----------------------
its successors and assigns, and shall inure to the benefit of the Indemnitee's
heirs, personal representatives, and assigns and to the benefit of the
Corporation, its successors and assigns.
7.Indemnification of Other Persons.
--------------------------------
(a) The Corporation may indemnify any person not covered by Section 1 through
6 to the extent provided in a resolution of the Board or a separate Section of
these By-laws.
(b) Nothing in this Section 11 shall obligate the Corporation to indemnify or
advance expenses to any person who was a director, officer or agent of any
corporation merged into this Corporation or otherwise acquired by this
Corporation. Any such person's right to indemnification or advancement of
expenses, if any, shall consist of those rights contained in the agreement
relating to such merger or acquisition.
Section 145 of the General Corporation Law of the State of Delaware authorizes
a corporation's board of directors to grant indemnity under certain
circumstances to directors and officers, when made, or threatened to be made,
parties to certain proceedings by reason of such status with the corporation,
against judgments, fines, settlements and expenses, including attorneys' fees.
In addition, under certain circumstances such persons may be indemnified against
expenses actually and reasonably incurred in defense of a proceeding by or on
behalf of the corporation. Similarly,
6
the corporation, under certain circumstances, is authorized to indemnify
directors and officers of other corporations or enterprises who are serving as
such at the request of the corporation, when such persons are made, or
threatened to be made, parties to certain proceedings by reason of such status,
against judgments, fines, settlements and expenses, including attorneys' fees;
and under certain circumstances, such persons may be indemnified against
expenses actually and reasonably incurred in connection with the defense or
settlement of a proceeding by or in the right of such other corporation or
enterprise. Indemnification is permitted where such person (i) was acting in
good faith, (ii) was acting in a manner he reasonably believed to be in or not
opposed to the best interests of the corporation or other corporation or
enterprise, as appropriate, (iii) with respect to a criminal proceeding, had no
reasonable cause to believe his conduct was unlawful, and (iv) was not adjudged
to be liable to the corporation or other corporation or enterprise (unless the
court where the proceeding was brought determines that such person is fairly and
reasonably entitled to indemnity).
Unless ordered by a court, indemnification may be made only following a
determination that such indemnification is permissible because the person being
indemnified has met the requisite standard of conduct. Such determination may be
made (i) by the corporation's board of directors by a majority vote of a quorum
consisting of directors not at the time parties to such proceeding; or (ii) if
such a quorum cannot be obtained or the quorum so directs, then by independent
legal counsel in a written opinion; or (iii) by the stockholders.
Section 145 also permits expenses incurred by directors and officers in
defending a proceeding to be paid by the corporation in advance of the final
disposition of such proceedings upon the receipt of an undertaking by the
director or officer to repay such amount if it is ultimately determined that he
is not entitled to be indemnified by the corporation against such expenses.
Item 7. Exemption from Registration Claimed.
-----------------------------------
Not applicable.
Item 8. Exhibits.
--------
Regulation S-K
Exhibit No. Description
4 Instruments defining the rights of the security holders
4.1 Article 4 of the Amended and Restated Certificate
of Incorporation of Superior Financial Corp.
4.2 Summary Plan Description and Superior Financial
Corp. 401(k) Plan
7
5 Opinion of Miller, Hamilton, Snider & Odom, L.L.C. as
to certain issues regarding the securities being
registered
23 Consents of Experts and Counsel
23.1 Consent of Ernst & Young LLP
23.2 Consent of Miller, Hamilton, Snider & Odom, L.L.C.,
contained in Exhibit 5
24 Power of Attorney, contained on Signature Page
Item 9. Undertakings.
-------------
(a) The undersigned Registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a
post-effective amendment to this registration statement:
(i) To include any prospectus required by section 10(a)(3) of the Securities
Act of 1933;
(ii) To reflect in the prospectus any facts or events arising after the
effective date of the registration statement (or the most recent post-effective
amendment thereof) which, individually or in the aggregate, represent a
fundamental change in the information set forth in the registration statement;
(iii)To include any material information with respect to the plan of
distribution not previously disclosed in the registration statement or any
material change to such information in the registration statement;
Provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if
-----------------
the information required to be included in a post-effective amendment by those
paragraphs is contained in periodic reports filed by the registrant pursuant to
section 13 or section 15(d) of the Exchange Act that are incorporated by
reference in the registration statement.
(2) That, for the purpose of determining any liability under the Securities
Act of 1933, each such post-effective amendment shall be deemed to be a new
registration relating to the securities offered therein, and the offering of
such securities at that time shall be deemed to be the initial bona fide
offering thereof.
(3) To remove from registration by means of a post-effective amendment any of
the securities being registered which remain unsold at the termination of the
offering.
(b) The undersigned registrant undertakes that, for purposes of determining
any liability under
8
the Securities Act of 1933, each filing of the registrant's annual report
pursuant to section 13(a) or section 15(d) of the Exchange Act that is
incorporated by reference in the registration statement shall be deemed to be a
new registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.
(h) Insofar as indemnification for liabilities arising under the Securities
Act of 1933 may be permitted to directors, officers and controlling persons of
the Registrant pursuant to the provisions summarized in Item 6 of this
Registration Statement, or otherwise, the Registrant has been advised that in
the opinion of the Securities and Exchange Commission such indemnification is
against public policy as expressed in the Act and is, therefore, unenforceable.
In the event that a claim for indemnification against such liabilities (other
than the payment by the Registrant of expenses incurred or paid by a director,
officer or controlling person of the Registrant in the successful defense of any
action, suit or proceeding) is asserted by such director, officer or controlling
person in connection with the securities being registered, the Registrant will,
unless in the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question whether
such indemnification by it is against public policy as expressed in the Act and
will be governed by the final adjudication of such issue.
SIGNATURES
----------
Pursuant to the requirements of the Securities Act of 1933, the Registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized in the City of Little Rock, Arkansas, on the 30th day of August,
1999.
SUPERIOR FINANCIAL CORP.
BY: /s/ C. Stanley Bailey
-------------------------------
C. Stanley Bailey
Its Chairman of the Board
of Directors and CEO
(Duly Authorized Representative)
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below
9
constitutes and appoints C. Stanley Bailey and Rick D. Gardner, and each of
them, his true and lawful attorney-in-fact and agent, with full power of
substitution and re-substitution, for him in his name, place and stead, in any
and all capacities, to sign any and all amendments (including post-effective
amendments) to this Registration Statement on Form S-8, and to file the same,
with all exhibits thereto, and all other documents in connection therewith, with
the Securities and Exchange Commission, granting unto said attorney-in-fact and
agent full power and authority to do and perform each and every act and thing
requisite and necessary to be done, as fully to all intents and purposes as he
might or could do in person, hereby ratifying and confirming said attorney-in-
fact and agent or his substitute or substitutes may lawfully do or cause to be
done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this Registration
Statement has been signed below by the following persons in the capacities and
on the dates indicated.
Name Title Date
---- ----- ----
/s/ C. Stanley Bailey Chief Executive Officer and
- ---------------------------
C. Stanley Bailey Chairman of the Board **
/s/ C. Marvin Scott President and Director **
- ---------------------------
C. Marvin Scott
/s/ Rick D. Gardner Chief Financial Officer **
- ---------------------------
Rick D. Gardner
/s/ Boyd W. Hendrickson Director **
- ---------------------------
Boyd W. Hendrickson
/s/ David E. Stubblefield Director **
- ---------------------------
David E. Stubblefield
/s/ John M. Stein Director **
- ---------------------------
John M. Stein
Director
- ---------------------------
Howard B. McMahon
** June 30, 1999
10
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the trustee(s)
(or other persons who administer the employee benefit plan herein described)
have duly caused this Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Little Rock, State of
Arkansas, on August 30, 1999.
Superior Financial Corp. 401(k) Plan
/s/ Rick D. Gardner
-----------------------------------
Rick D. Gardner
Administrator
Date: August 30, 1999
11
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
EXHIBITS
TO
FORM S-8
Registration Statement
Under
The Securities Act of 1933
SUPERIOR FINANCIAL CORP.
(Exact name of registrant as specified in its charter)
12
EXHIBIT INDEX
EXHIBIT PAGE
- ------- ----
4 Instruments defining the rights of the security holders
4.1 Article 4 of the Amended and Restated Certificate
of Incorporation of Superior Financial Corp.
4.2 Summary Plan Description and Superior Financial
Corp. 401(k) Plan
5 Opinion of Miller, Hamilton, Snider & Odom, L.L.C. as
to certain issues regarding the securities being
registered
23 Consents of Experts and Counsel
23.1 Consent of Ernst & Young LLP
23.2 Consent of Miller, Hamilton, Snider & Odom, L.L.C.,
contained in Exhibit 5
24 Power of Attorney, contained on Signature Page
13