-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IP2EQnebfXsBxBYiLoiNUYaZsawAKJVYN7emkh6CAendF90bQDdkfkaWNYk5ikLH t9b708aK9mDhdxcQGkPqZA== 0001132413-06-000022.txt : 20060811 0001132413-06-000022.hdr.sgml : 20060811 20060811124550 ACCESSION NUMBER: 0001132413-06-000022 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060811 DATE AS OF CHANGE: 20060811 GROUP MEMBERS: ISRAEL A. ENGLANDER GROUP MEMBERS: MILLENNIUM MANAGEMENT, L.L.C. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TEAM FINANCIAL INC /KS CENTRAL INDEX KEY: 0001082484 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 481017164 STATE OF INCORPORATION: KS FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-58029 FILM NUMBER: 061023875 BUSINESS ADDRESS: STREET 1: 8 WEST PEORIA STREET 2: SUITE 200 CITY: PAOLA STATE: KS ZIP: 66071 BUSINESS PHONE: 9132949667 MAIL ADDRESS: STREET 1: 8 WEST PEORIA STREET 2: SUITE 200 CITY: PAOLA STATE: KS ZIP: 66071 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MILLENCO, L.P./NY CENTRAL INDEX KEY: 0001132413 IRS NUMBER: 133532932 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 666 FIFTH AVENUE 8TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10103 BUSINESS PHONE: (212) 841-4100 MAIL ADDRESS: STREET 1: 666 FIFTH AVENUE 8TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10103 FORMER COMPANY: FORMER CONFORMED NAME: MILLENCO LP/NY DATE OF NAME CHANGE: 20010111 SC 13D 1 tfin_sc13d.txt SCHEDULE 13D SUBMISSION MILLENCO-TFIN UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 Team Financial, Inc. - - ------------------------------------------------------------------------------ (Name of Issuer) Common Stock, No Par Value - - ------------------------------------------------------------------------------ (Title of Class of Securities) 87815X109 - - ------------------------------------------------------------------------------ (CUSIP Number) Brian T. Daly, Esq. Millennium Management, L.L.C. 666 Fifth Avenue, 8th Floor New York, New York 10103 (212) 841-4100 - - ------------------------------------------------------------------------------ (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) August 10, 2006 - - ------------------------------------------------------------------------------ (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 ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g) check the following box |_|. Page 1 of 12 Pages SCHEDULE 13D - - -------------------------- CUSIP No. 87815X109 - - -------------------------- - - ------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON Millenco, L.P. 13-3532932 - - ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - - ------------------------------------------------------------------------------ 3 SEC USE ONLY - - ------------------------------------------------------------------------------ 4 SOURCE OF FUNDS WC, OO - - ------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |X| - - ------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - - ------------------------------------------------------------------------------ 7 SOLE VOTING POWER 216,200 ----------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY -0- OWNED BY ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 216,200 WITH ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - - ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 216,200 - - ------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - - ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.0% - - ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON PN, BD - - ------------------------------------------------------------------------------ Page 2 of 12 Pages SCHEDULE 13D - - -------------------------- CUSIP No. 87815X109 - - -------------------------- - - ------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON Millennium Management, L.L.C. 13-3804139 - - ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - - ------------------------------------------------------------------------------ 3 SEC USE ONLY - - ------------------------------------------------------------------------------ 4 SOURCE OF FUNDS WC, OO - - ------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |X| - - ------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - - ------------------------------------------------------------------------------ 7 SOLE VOTING POWER 216,200 ----------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY -0- OWNED BY ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 216,200 WITH ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - - ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 216,200 - - ------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - - ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.0% - - ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON OO - - ------------------------------------------------------------------------------ Page 3 of 12 Pages SCHEDULE 13D - - -------------------------- CUSIP No. 87815X109 - - -------------------------- - - ------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON Israel A. Englander - - ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - - ------------------------------------------------------------------------------ 3 SEC USE ONLY - - ------------------------------------------------------------------------------ 4 SOURCE OF FUNDS WC, OO - - ------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |X| - - ------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - - ------------------------------------------------------------------------------ 7 SOLE VOTING POWER 216,200 ----------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY -0- OWNED BY ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 216,200 WITH ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - - ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 216,200 - - ------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - - ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.0% - - ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON IN - - ------------------------------------------------------------------------------ Page 4 of 12 Pages Explanatory Note Item 1. Security and Issuer. The name of the issuer is Team Financial, Inc., a Kansas corporation (the "Issuer"). The address of the Issuer's offices is 8 West Peoria, Suite 200, Paola, Kansas, 66071. This Schedule 13D relates to the Issuer's Common Stock, no par value (the "Common Stock"). Item 2. Identity and Background. (a)-(c), (f). This statement is being filed by Millenco, L.P., a Delaware limited partnership ("Millenco"). Millenco is a broker-dealer and a member of the American Stock Exchange and the NASDAQ. Millennium Management, L.L.C., a Delaware limited liability company ("Millennium Management"), is the general partner of Millenco, and consequently may be deemed to have voting control and investment discretion over securities owned by Millenco. Israel A. Englander ("Mr. Englander") is the managing member of Millennium Management. As a result, Mr. Englander may be deemed to be the beneficial owner of any shares deemed to be beneficially owned by Millennium Management. The foregoing should not be construed in and of itself as an admission by Millennium Management or Mr. Englander as to beneficial ownership of the shares owned by Millenco. The business address for Millenco, Millennium Management and Mr. Englander is c/o Millennium Management, L.L.C., 666 Fifth Avenue, New York, New York 10103. Mr. Englander is a United States citizen. Note: Millennium Partners, L.P., a Cayman Islands exempted limited partnership ("Millennium Partners"), is a limited partner of Millenco. As a limited partner, Millennium Partners has no investment or voting control over Millenco or its securities positions. (d). During the last five years, none of the Reporting Persons has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e). On December 1, 2005, Millennium Management and Mr. Englander, together with Millennium Partners and certain related persons and entities, entered into settlements with the Securities and Exchange Commission ("SEC") and the Attorney General of the State of New York (the "NYAG") relating to allegations that Millennium Partners had engaged in a pattern of deceptive "market timing" of mutual fund shares in years prior to 2004 and, in the case of the settlement with the NYAG only, had failed to take adequate steps to prevent a trader from engaging in mutual fund "late trading" in violation of firm policy. The parties neither admitted nor denied the allegations or findings (except as to jurisdiction) but consented to the entry of findings. The SEC proceedings are In the Matter of Millennium Partners, L.P., et al. Securities Act Release No. 8639 (December 1, 2005), available at www.sec.gov. Contemporaneously, the NYAG issued an Assurance of Discontinuance relating to the claims and findings of that office. Page 5 of 12 Pages Neither the Reporting Persons nor any other party admitted or denied any of the allegations or findings in these matters. The remedies included disgorgement by the entities of approximately $148 million of mutual fund trading profits, civil penalties aggregating approximately $32.15 million (with approximately $30 million being paid by Mr. Englander), an administrative order to cease and desist from violations of the antifraud provisions of the Securities Act and the Securities Exchange Act, and prophylactic relief. Item 3. Source and Amount of Funds or Other Consideration. The amount of funds used to purchase the beneficially owned shares in the transactions giving rise to this Schedule 13D was approximately $2,887,000 calculated on an average cost basis (excluding brokerage commissions) by account. Millenco effects purchases of securities primarily through margin accounts maintained for it with prime brokers, which may extend margin credit to Millenco as and when required to open or carry positions in the margin accounts, subject to applicable Federal margin regulations, stock exchange rules and the prime broker's credit policies. In such instances, the positions held in the margin accounts are pledged as collateral security for the repayment of debit balances in the accounts. Item 4. Purpose of Transaction. The Reporting Persons are engaged in the investment business. In pursuing this business, the Reporting Persons analyze the operations, capital structure and markets of companies, including the Issuer, on a continuous basis through analysis of documentation and discussions with knowledgeable industry and market observers and with representatives of such companies (often at the invitation of management). From time to time, one or more of the Reporting Persons may hold discussions with third parties or with management of such companies in which the Reporting Persons may suggest or take a position with respect to potential changes in the operations, management or capital structure of such companies as a means of enhancing shareholder value. Such suggestions or positions may relate to one or more of the transactions specified in clauses (a) through (j) of Item 4 of Schedule 13D of the Exchange Act, including, without limitation, such matters as disposing of or selling all or a portion of the company or acquiring another company or business, changing operating or marketing strategies, adopting or not adopting certain types of anti-takeover measures and restructuring the Issuer's capitalization or dividend policy. The Reporting Persons employ the services of a number of portfolio managers, each of whom independently employs a separate and distinct trading strategy. A portion of the securities of the Issuer held by the Reporting Persons are held in accounts of the Reporting Persons managed by portfolio managers who engage in event-, risk- or merger-arbitrage or fundamental strategies. Except as set forth above, the Reporting Persons do not have any present plans or proposals that relate to or would result in any of the actions required to be described in Item 4 of Schedule 13D. Each of the Reporting Persons may, at any time, review or reconsider its position with respect to the Issuer and formulate plans or proposals with respect to any of such matters, but has no present intention of doing so. Item 5. Interest in Securities of the Issuer. (a) As of the date hereof, Millenco may be deemed to be the beneficial owner of 216,200 shares of Common Stock, which represents in the aggregate approximately 6.0% of the outstanding shares of Common Stock. The calculation of the foregoing percentage is on the basis of an aggregate number of 3,591,084 outstanding shares of Common Stock, as reported by the Issuer on Form 8-K, filed as of August 8, 2006. Page 6 of 12 Pages Millennium Management, as the general partner of Millenco, may also be deemed to beneficially own the 216,200 shares of Common Stock beneficially owned by Millenco. Mr. Englander, as the managing member of Millennium Management, may also be deemed to beneficially own the 216,200 shares of Common Stock beneficially owned by Millenco. The foregoing should not be construed in and of itself as an admission by Millennium Management or Mr. Englander as to beneficial ownership of the shares owned by Millenco. (b) Mr. Englander may be deemed to hold the sole power to vote and to dispose of the 216,200 shares of Common Stock described in (a) above. The foregoing should not be construed in and of itself as an admission by Mr. Englander as to beneficial ownership of the shares. (c) Transactions in Common Stock during the past 60 days: Schedule A annexed hereto lists all transactions in the Common Stock during the past 60 days by the Reporting Persons, which were all effected in the open market. (d) No person other than the Reporting Persons is known to have the right to receive, or the power to direct the receipt of, dividends from, or proceeds from the sale of, the shares of Common Stock reported in this Statement. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. In connection with arrangements with its prime brokers, such prime brokers are permitted to lend securities in Millenco's account to the extent permitted by debit balances in such account. Millenco generally will not have any knowledge of the actual loans made by such prime brokers. In addition, in the ordinary course of business, Millenco (or its prime brokers) may borrow securities to satisfy delivery obligations arising from short sales and may lend securities to third parties, and such loans generally may be recalled upon demand. There are no other contracts, arrangements, understandings or relationships among the Reporting Persons, or between the Reporting Persons and any other person, with respect to the securities of the Issuer. Item 7. Material to Be Filed as Exhibits. Exhibit I: Joint Filing Agreement, dated as of August 10, 2006, by and among Millenco, L.P., Millennium Management, L.L.C. and Israel A. Englander. Page 7 of 12 Pages 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. Dated: August 10, 2006 MILLENCO, L.P. By: Millennium Management, L.L.C. its general partner By: /s/ David Nolan ------------------------------------------- Name: David Nolan Title: Executive Vice President MILLENNIUM MANAGEMENT, L.L.C. By: /s/ David Nolan ------------------------------------------- Name: David Nolan Title: Executive Vice President /s/ Israel A. Englander ------------------------------------------- Israel A. Englander Page 8 of 12 Pages EXHIBIT I JOINT FILING AGREEMENT This will confirm the agreement by and among the undersigned that the Schedule 13D filed with the Securities and Exchange Commission on or about the date hereof with respect to the beneficial ownership by the undersigned of the shares of Common Stock, no par value, of Team Financial, Inc., a Kansas corporation, is being filed, and all amendments thereto will be filed, on behalf of each of the persons and entities named below in accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Dated: August 10, 2006 MILLENCO, L.P. By: Millennium Management, L.L.C. its general partner By: /s/ David Nolan ---------------------------------------- Name: David Nolan Title: Executive Vice President MILLENNIUM MANAGEMENT, L.L.C. By: /s/ David Nolan --------------------------------------- Name: David Nolan Title: Executive Vice President /s/ Israel A. Englander ---------------------------------------- Israel A. Englander Page 9 of 12 Pages Schedule A Transactions in the Common Stock During the Past 60 Days: - ---------------------------------------- |Date of | Quantity |Price Per | |Transaction |Purchased | Share | | | (Sold) | | - ---------------------------------------- 7/10/2006 (1502) 14.9 7/10/2006 (502) 14.9 7/10/2006 (502) 14.9 7/10/2006 (400) 14.9 7/10/2006 (300) 15.01 7/10/2006 (300) 15.01 7/10/2006 (300) 15.01 7/10/2006 (298) 14.9 7/10/2006 (234) 15.01 7/10/2006 (200) 14.9 7/10/2006 (200) 14.9 7/10/2006 (200) 14.9 7/10/2006 (200) 14.9 7/10/2006 (200) 14.9 7/10/2006 (200) 14.9 7/10/2006 (200) 14.9 7/10/2006 (200) 14.9 7/10/2006 (200) 14.9 7/10/2006 (200) 14.9 7/10/2006 (200) 14.9 7/10/2006 (200) 14.9 7/10/2006 (200) 14.9 7/10/2006 (200) 14.9 7/10/2006 (200) 14.9 7/10/2006 (200) 14.9 7/10/2006 (200) 14.9 7/10/2006 (198) 14.9 7/10/2006 (98) 14.9 7/10/2006 (66) 15.01 7/11/2006 (600) 15 7/11/2006 (600) 15 7/11/2006 (530) 15 7/11/2006 (200) 15 7/11/2006 (200) 15 7/11/2006 (200) 15 7/11/2006 (100) 15 7/11/2006 (100) 15.01 7/18/2006 (400) 14.55 7/18/2006 (300) 14.55 7/18/2006 (200) 14.2 7/18/2006 (200) 14.2 Page 11 of 12 Pages 7/18/2006 (200) 14.2 7/18/2006 (200) 14.2 7/18/2006 (200) 14.2 7/18/2006 (200) 14.3 7/18/2006 (200) 14.31 7/18/2006 (200) 14.33 7/18/2006 (200) 14.55 7/18/2006 (100) 14.2 7/18/2006 (100) 14.2 7/18/2006 (100) 14.2 7/18/2006 (100) 14.2 7/18/2006 (100) 14.2 7/18/2006 (100) 14.2 7/18/2006 (100) 14.2 7/18/2006 (100) 14.2 7/18/2006 (100) 14.2 7/18/2006 (100) 14.2 7/18/2006 (100) 14.2 7/18/2006 (100) 14.2 7/18/2006 (100) 14.2 7/18/2006 (100) 14.2 7/18/2006 (100) 14.2 7/18/2006 (100) 14.2 7/18/2006 (100) 14.2 7/18/2006 (100) 14.21 7/18/2006 (100) 14.21 7/18/2006 (100) 14.23 7/18/2006 (100) 14.31 7/18/2006 (100) 14.31 7/18/2006 (100) 14.31 7/18/2006 (100) 14.32 7/18/2006 (100) 14.32 7/18/2006 (100) 14.32 7/18/2006 (100) 14.32 7/18/2006 (100) 14.32 7/18/2006 (100) 14.32 7/18/2006 (100) 14.32 7/18/2006 (100) 14.33 7/18/2006 (100) 14.35 7/18/2006 (100) 14.51 7/18/2006 (100) 14.52 7/18/2006 (70) 14.2 7/19/2006 (100) 14.55 7/19/2006 (100) 14.65 7/19/2006 (100) 14.74 7/24/2006 (500) 15 7/24/2006 (400) 15 Page 10 of 12 Pages 7/24/2006 (400) 15 7/24/2006 (300) 15 7/24/2006 (300) 15 7/24/2006 (300) 15 7/24/2006 (300) 15.01 7/24/2006 (200) 15 7/24/2006 (200) 15 7/24/2006 (200) 15 7/24/2006 (200) 15 7/24/2006 (100) 15 7/24/2006 (100) 15 7/24/2006 (100) 15 7/24/2006 (100) 15 7/24/2006 (100) 15 7/24/2006 (100) 15 7/24/2006 (100) 15 7/24/2006 (100) 15 7/24/2006 (100) 15 7/24/2006 (100) 15 7/24/2006 (100) 15 7/24/2006 (100) 15 7/24/2006 (100) 15 7/24/2006 (100) 15 7/24/2006 (100) 15 7/24/2006 (100) 15.01 7/24/2006 (98) 15 7/24/2006 (2) 15.01 8/1/2006 (200) 15.05 8/1/2006 (200) 15.05 8/1/2006 (100) 15.05 Note: All such transactions were effected by Millenco. 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