UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No 8)*
Guilford Mills, Inc.
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(Name of Issuer)
Common Stock, par value $.02 per share
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(Title of Class of Securities)
401794 10 2
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(CUSIP Number)
December 31, 1998
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting persons
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in 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).
<PAGE>
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CUSIP No. 401794 10 2 13G Page 2 of 5 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Charles A. Hayes
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
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5 SOLE VOTING POWER
646,485.152
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6 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY 700,000
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7 SOLE DISPOSITIVE POWER
OWNED BY EACH
REPORTING PERSON WITH 643,295
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8 SHARED DISPOSITIVE POWER
700,000
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,346,485.152
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.83%
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12 TYPE OF REPORTING PERSON*
IN
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* SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
Page 3 of 5 Pages
Item 1(a). Name of Issuer:
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Guilford Mills, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
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4925 West Market Street
Greensboro, N.C. 27407
Item 2(a). Name of Person Filing:
---------------------
Charles A. Hayes
Item 2(b). Address or Principal Business Office or, if none, Residence:
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4925 West Market Street
Greensboro, N.C. 27407
Item 2(c). Citizenship:
------------
United States of America
Item 2(d). Title of Class of Securities:
-----------------------------
Common Stock, $.02 Par Value
Item 2(e). CUSIP Number:
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401794 10 2
Item 3. Not Applicable
Item 4. Ownership:
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(a) Amount Beneficially Owned:
--------------------------
1,346,485.152 shares (1) (2) (3)
(b) Percent of Class:
-----------------
5.83%
(c) Number of Shares as to which such person has:
---------------------------------------------
(i) Sole power to vote or direct the vote 646,485.152 (1)(2)
(ii) Shared power to vote or direct the vote 700,000 (3)(4)
(iii) Sole power to dispose or to direct the disposition of
643,295 (1)(4)
<PAGE>
Page 4 of 5 Pages
(iv) Shared power to dispose or to direct the disposition of
700,000 (3) (4)
(1) Includes 11,250 shares which Mr. Hayes
has the right to acquire, under the
Guilford Mills, Inc. 1991 Stock Option
Plan, beneficial ownership of within 60
days as specified in Rule 13d-3(d)(1),
promulgated under the Securities Exchange
Act of 1934, as amended.
(2) Includes 3,190.152 shares held in Mr.
Hayes' account pursuant to the Guilford
Mills, Inc. Employee Stock Ownership Plan
("ESOP").
(3) Includes 700,000 shares held by a family
limited partnership (the "FLP"). Mr.
Hayes has a membership interest in a
limited liability company (the "LLC"),
whose other members are all relatives of
Mr. Hayes, which serves as the sole
general partner of the FLP.
(4) Mr. Hayes has neither sole nor shared
dispositive power with respect to shares
held in his ESOP account.
Item 5. Ownership of Five Percent or Less of a Class:
--------------------------------------------
Not Applicable
Item 6. Ownership of more than Five Percent on Behalf of Another Person:
----------------------------------------------------------------
Subject to the terms of the limited partnership agreement of the
FLP, (i) the FLP has the right to receive dividends from, and the
proceeds from the sale of, the securities held by the FLP and (ii)
the LLC has the power to direct the distribution of the assets in
the FLP, including dividends from, and the proceeds from the sale
of, the securities held by the FLP.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company:
Not Applicable
Item 8. Identification and Classification of Members of the Group:
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Not Applicable
<PAGE>
Page 5 of 5 Pages
Item 9. Notice of Dissolution of Group:
-------------------------------
Not Applicable
Item 10. Certification:
--------------
Not Applicable
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.
February 12, 1999
-------------------------------
Date
/s/ Charles A. Hayes
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Signature
Charles A. Hayes
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Name
