SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)
HITOX CORPORATION OF AMERICA
(Name of Issuer)
Common Stock, Par Value $.25 Per Share
(Title of Class of Securities)
433658 101
(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 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).
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CUSIP No. 433658 101
- --------------------------------------------------------------------------------
1) Name of Reporting Persons
S.S. or I.R.S. Identification No. of Above Persons
The Clark Estates, Inc.
13-5524538
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2) Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Citizenship or Place of Organization
New York
- --------------------------------------------------------------------------------
(5) Sole Voting Power
Number of
-0-
----------------------------------------------------------
Shares (6) Shared Voting Power
Beneficially
1,159,780
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Owned by (7) Sole Dispositive Power
Each
-0-
----------------------------------------------------------
Reporting (8) Shared Dispositive Power
Person With
1,159,780
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9) Aggregate Amount Beneficially Owned by Each Reporting Person
1,159,780
- --------------------------------------------------------------------------------
10) Check if the Aggregate Amount in Row 9) Excludes Certain Shares
(See Instructions)
|_|
- --------------------------------------------------------------------------------
11) Percent of Class Represented by Amount in Row 9)
24.9%
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12) Type of Reporting Person (See Instructions)
CO
- --------------------------------------------------------------------------------
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Item 1(a). Name of Issuer
Hitox Corporation of America ("Issuer")
Item 1(b). Address of Issuer's Principal Executive Offices
Furman Plaza Building
418 Peoples Street
Corpus Christi, Texas 78401
Item 2(a). Name of Person Filing
The Clark Estates, Inc. ("Reporting Person")
Item 2(b). Address of Principal Business Office or, if None, Residence
30 Wall Street
New York, New York 10005
Item 2(c). Citizenship
New York
Item 2(d). Title of Class of Securities
Common Stock, par value $.25 per share
Item 2(e). CUSIP Number
433658 101
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a
N/A
Item 4. Ownership
(a) Amount beneficially owned:
1,159,780 (the "Shares")*
* This amount reflects the acquisition of 15,000 shares
of Issuer common stock on January 25, 1991, the sale
of 34,000 shares of Issuer common stock on September
23, 1991 and the sale of 34,000 shares of Issuer
common stock on January 22, 1992 by accounts for
which the Reporting Person provides management and
administrative services, the conversion of Issuer 10%
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Convertible Subordinated Redeemable Debentures held
by several of such accounts into 200,000 shares of
Issuer common stock at $3.50 per share on December
17, 1991, and the sale of 200,000 shares of Issuer
common stock, by several of such accounts to Syarikat
Megawati, Sdn. Bhd., a Malaysian corporation,
pursuant to the Stock Purchase Agreement, dated May
6, 1996.
(b) Percent of class:
24.9%**
** This percentage reflects the issuance of 1,000,000
new shares of Issuer common stock pursuant to the
Stock Purchase Agreement, dated May 6, 1996, by and
among Issuer and Syarikat Megawati, Sdn. Bhd., a
Malaysian corporation, at $4.00 per share.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
-0-
(ii) shared power to vote or to direct the vote
1,159,780
(iii) sole power to dispose or to direct the
disposition of
-0-
(iv) shared power to dispose or to direct the
disposition of
1,159,780
Item 5. Ownership of Five Percent or Less of a Class
N/A
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Four persons have the right to receive or the power to direct
the receipt of dividends from, or the proceeds from, the sale
of the Shares. Three of such persons have interests exceeding
five percent. Those persons are:
Estate of Stephen C. Clark, Jr.
Anne L. Peretz
Jane Forbes Clark, II
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Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent
Holding Company
N/A
Item 8. Identification and Classification of Members of the Group
N/A
Item 9. Notice of Dissolution of Group
N/A
Item 10. Certification
N/A
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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.
January 22, 1997
- ---------------------------------
Date
/s/ Kevin S. Moore
- ---------------------------------
Signature
Kevin S. Moore
Vice President and Chief
Financial Officer
The Clark Estates, Inc.
- ---------------------------------
Name/Title
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