<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 7)*
HUDSON FOODS, INC.
------------------
(Name of Issuer)
Class A Common Stock, $.01 par value
------------------------------------
(Title of Class of Securities)
443782-10-7
-----------
(CUSIP Number)
Check the following box if a fee is being paid with this statement. [_] (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
*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 the
disclosures provided in a prior 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).
(Continued on following pages)
Page 1 of 5 Pages
<PAGE>
SCHEDULE 13G
CUSIP No. 443782-10-7 Page 2 of 5 Pages
1. Name of Reporting Person
------------------------
S.S. or I.R.S. Identification No. of Above Person
-------------------------------------------------
Michael T. Hudson
2. Check the appropriate box if a member of a group
------------------------------------------------
(a) [_]
(b) [X]
3. SEC USE ONLY
------------
4. Citizenship or Place of Organization
------------------------------------
United States of America
[ 5. Sole Voting Power - 37,285/(1)/
[ --------------------------
[
Number of Shares [ 6. Shared Voting Power - 300
[ ------------------------
Beneficially Owned [
By Each Reporting [ 7. Sole Dispositive Power - 537,285/(1)(2)/
[ ------------------------
Person With [
[ 8. Shared Dispositive Power - 300
--------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
------------------------------------------------------------
537,585 shares/(1)(2)/
10. Check Box if the Aggregate Amount in Row 9 Excludes Certain Shares
------------------------------------------------------------------
Not Applicable [_]
11. Percent of Class Represented by Amount in Row 9
-----------------------------------------------
3.9%
12. Type of Reporting Person
------------------------
IN
- --------------------
/(1)/ Includes 37,285 shares that may be acquired by exercise of stock options
within the 60 days following December 31, 1994.
/(2)/ Includes 500,000 shares of Class A common stock that may be acquired upon
conversion of 500,000 shares of Class B common stock.
<PAGE>
SCHEDULE 13G
CUSIP No. 443782-10-7 Page 3 of 5 pages
Item 1(a). Name of Issuer
--------------
Hudson Foods, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices
-----------------------------------------------
1225 Hudson Road
Rogers, Arkansas 72756
Item 2(a). Name of Person Filing
---------------------
Michael T. Hudson
Item 2(b). Address of Principal Business Office or, if None, Residence
-----------------------------------------------------------
1225 Hudson Road
Rogers, Arkansas 72756
Item 2(c). Citizenship
-----------
United States of America
Item 2(d). Title of Class of Securities
----------------------------
Class A Common Stock, $.01 par value
Item 2(e). CUSIP No.
---------
443782-10-7
Item 3. Not Applicable
Item 4. Ownership
---------
(a) Amount Beneficially Owned: 537,585 shares/(1)(2)/
(b) Percent of Class: 3.9%
- --------------------
/(1)/ Includes 37,285 shares that may be acquired by exercise of stock options
within the 60 days following December 31, 1994.
/(2)/ Includes 500,000 shares of Class A common stock that may be acquired upon
conversion of 500,000 shares of Class B common stock.
<PAGE>
SCHEDULE 13G
CUSIP No. 443782-10-7 Page 4 of 5 pages
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote -
37,285/(1)/
(ii) shared power to vote or to direct the vote - 300
(iii) sole power to dispose or to direct the disposition
of - 537,285/(1)(2)/
(iv) shared power to dispose or to direct the disposition
of - 300
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 [X]
Item 6. Ownership of More than Five Percent on Behalf of Another Person
---------------------------------------------------------------
Not Applicable
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
-------------
Not Applicable
- --------------------
/(1)/ Includes 37,285 shares that may be acquired by exercise of stock options
within the 60 days following December 31, 1994.
/(2)/ Includes 500,000 shares of Class A common stock that may be acquired upon
conversion of 500,000 shares of Class B common stock.
<PAGE>
SCHEDULE 13G
CUSIP No. 443782-10-7 Page 5 of 5 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.
February 8, 1995
---------------------------
Date
/s/ Michael T. Hudson
---------------------------
Michael T. Hudson
