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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Hyde Athletic Industries, Inc.
------------------------------
(Name of Issuer)
Class B Common Stock, $.33 1/3 par value per share
--------------------------------------------------
(Title of Class of Securities)
448632 20 8
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(CUSIP Number)
* 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 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).
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CUSIP NO. 448632 20 8 13G PAGE 2 OF 9 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON: Advisory Research, Inc.
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: #36-2831881
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4 Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5 None
NUMBER OF
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6 206,200
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7 None
REPORTING
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8 206,200
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9 206,200
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11 5.8%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12 IA
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 448632 20 8 13G PAGE 3 OF 9 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON: David B. Heller
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: SSN ###-##-####
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4 United States Citizen
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5 None
NUMBER OF
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6 206,200
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7 None
REPORTING
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8 206,200
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9 206,200
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11 5.8%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12 IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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ITEM 1(A) NAME OF ISSUER:
Hyde Athletic Industries, Inc.
ITEM 1(B) NAME OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
Centennial Industrial Park
13 Centennial Drive
Peabody, MA 01960
ITEM 2(A) NAME OF PERSONS FILING:
Advisory Research, Inc.
David B. Heller
ITEM 2(B) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE,
RESIDENCE:
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Two Prudential Plaza
180 N. Stetson, Suite 5780
Chicago, Illinois 60601
ITEM 2(C) CITIZENSHIP
Advisory Research, Inc. is a Delaware corporation.
David B. Heller is a United States citizen.
ITEM 2(D) TITLE OF CLASS OF SECURITIES:
Class B Common Stock, $.33 1/3 par value per share.
ITEM 2(E) CUSIP NO.:
448632 20 8
ITEM 3 IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B) OR 13D-2(B),
CHECK WHETHER THE PERSON FILING IS A:
-------------------------------------
(a) [ ] Broker or Dealer registered under Section 15 of the Act
(b) [ ] Bank as defined in Section 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act
(d) [ ] Investment Company registered under Section 8 of the
Investment Company Act. (Advisory Research, Inc.)
Page 4 of 9 Pages
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(e) [X] Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1974 or Endowment Fund
(g) [ ] Parent Holding Company, in accordance with Rule 13d-
1(b)(1)(ii)(G)
(h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H)
ITEM 4 OWNERSHIP:
(a) Amount Beneficially Owned:
Advisory Research, Inc. 206,200
David B. Heller 206,200
(b) Percent of Class (based on 3,533,659 shares outstanding as of
November 8, 1996):
Advisory Research, Inc. 5.8%
David B. Heller 5.8%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
None
(ii) Shared power to vote or to direct the vote:
Advisory Research, Inc. 206,200
David B. Heller 206,200
(iii) Sole power to dispose or to direct the disposition of:
None
(iv) Shared power to dispose or to direct the disposition of:
Advisory Research, Inc. 206,200
David B. Heller 206,200
Page 5 of 9 Pages
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As of December 31, 1996, Advisory Research, Inc. was the direct
beneficial owner of 206,200 shares of Hyde Athletics Industries, Inc.
Class B Common Stock. David B. Heller is President and the controlling
shareholder of Advisory Research, Inc.
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
---------------------------------------------
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of
more than five percent of the class of securities, check the
following [ ].
ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
----------------------------------------------------------------
No other person has the right to receive or the power to direct the
receipt of dividends from, or the proceeds from the sale of, the shares
reported hereunder.
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:
----------------------------------------------------------
Not applicable.
ITEM 9 NOTICE OF DISSOLUTION OF GROUP:
-------------------------------
Not applicable.
ITEM 10 CERTIFICATION:
--------------
By certifying below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary
course of business and were not acquired for the purpose of and do not
have the effect of changing or influencing the control of the issuer of
such securities and were not acquired in connection with or as a
participant in any transaction having such purposes or effect.
Page 6 of 9 Pages
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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.
Date: February 13, 1997
ADVISORY RESEARCH, INC.
By: /s/ DAVID B. HELLER
------------------------------
Name: David B. Heller
Its: President
Page 7 of 9 Pages
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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.
Date: February 13, 1997
By: /s/ DAVID B. HELLER
------------------------------
David B. Heller
Page 8 of 9 Pages
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EXHIBIT
-------
SCHEDULE 13G JOINT FILING AGREEMENT
The undersigned and each other person executing this joint
filing agreement agree as follows:
(i) The undersigned and each other person executing this joint filing
agreement are individually eligible to use the Schedule 13G to which this
Exhibit is attached, and such Schedule 13G is filed on behalf of the undersigned
and each other person executing this joint filing agreement; and
(ii) The undersigned and each other person executing this joint filing
agreement are responsible for the timely filing of such Schedule 13G and any
amendments thereto, and for the completeness and accuracy of the information
concerning such person contained therein; but none of the undersigned or any
other person executing this joint filing agreement is responsible for the
completeness or accuracy of the information concerning any other persons making
the filing, unless such person knows or has reason to believe that such
information is accurate.
This Agreement may be executed in one or more counterparts by each person
executing this joint filing agreement, and each such counterparts shall be an
original but all of which, taken together, shall constitute but one and the same
instrument.
Dated: February 13, 1997
ADVISORY RESEARCH, INC.
By: /s/ DAVID B. HELLER
---------------------
Name: David B. Heller
Its: President
/s/ DAVID B. HELLER
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David B. Heller
Page 9 of 9 Pages
