SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. _*_)
RESEARCH, INC.
COMMON STOCK, $.50 PAR VALUE
(CUSIP NO. 76089810)
FRANK C. HAYER III
3376 RACCOON RIDGE
ADEL, IOWA 50003
515-996-2772
April 6, 2000
Date of Event which requires filing
* - Final Amendment
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1. NAME OF REPORTING PERSON: FRANK C. HAYER III
S.S. or IRS IDENTIFICATION NO. OF ABOVE PERSON: NOT
INCLUDED
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
Check "B"- No group
3. SEC USE
4. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
PF
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) Do Not Check- NA
6. CITIZENSHIP OR PLACE OF ORGANIZATION- UNITED STATES OF
AMERICA
7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SOLE VOTING POWER: 63,650
8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SHARED VOTING POWER: 0
9. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SOLE DISPOSITIVE POWER: 63,650
10. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SHARED DISPOSITIVE POWER: 0
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON: 63,650
12. CHECK BOX IF THE AGGREGATE AMOUNT IN NO. 11 EXCLUDES
CERTAIN SHARES: NA- Do Not Check Box
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
4.92%
14. TYPE OF REPORTING PERSON: IN
ITEM 1. SECURITY AND ISSUER
The Issuer of the securities is RESEARCH, INCORPORATED, a Minnesota corporation
("Issuer")
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The principal place of business of the Issuer is 6425 Flying Cloud Drive, Eden
Prairie, Minnesota 55344.
The class of securities covered in this filing is the $.50 par value common
stock ("Shares") which are listed on the NASDAQ National Market under the symbol
"RESR".
ITEM 2. IDENTITY AND BACKGROUND
Provide the answers to the following questions for each Reporting Person:
a. Name: Frank C. Hayer III
b. Residence: 3376 Raccoon Ridge, Adel, IA 50003
c. Present principal occupation or employment and address of any corporate or
other organization in which such employment is conducted: Owner and
general manager of radio station KHBT FM, 2196 Montana Ave. Humboldt, IA
50548.
d. Whether or not, during the last five years, such person has been convicted
in a criminal proceeding (excluding traffic violations or similar
midemeanors) and, if so, give the dates, nature of conviction, name and
location of court, any penalty imposed, or other disposition of the case:
No
e. Whether or not, during the last five years, such person was a party to a
civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject to a
judgement, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state
securities laws or finding any violation with respect to such laws; and,
if so, identify and describe such proceedings and summarize the terms of
such judgement, decree or final order: No
f. Citizenship: United States
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The funds used were the personal funds of Mr. Hayer.
ITEM 4. PURPOSE OF TRANSACTION
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The transaction is for investment diversification purposes. Additional
shares may be sold either in the open market or privately from time to time.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Mr. Hayer beneficially owns 63,650 shares of the Common Stock, which constitutes
4.92 % of the Common Stock. This percentage was calculated based upon 1,292,778
total shares outstanding as of 12/31/1999 as reported in the Form 10-Q of the
issuer filed on 2/10/2000. Mr. Hayer holds sole power to vote and sole power to
dispose of all such Shares.
Following are the transactions by Mr. Hayer within the last sixty days or since
the last filing of Schedule 13D (sales in open market unless noted).
DATE NO. OF SHARES PRICE PER SHARE TOTAL
4/6/2000 1,000 $6.5547 $6,554.77
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS, OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
None
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None
SIGNATURES
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: April 6, 2000 _____________________________________________
Frank C. Hayer III, Individually
