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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. 1 )*
HILITE INDUSTRIES, INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
431353-10-1
------------------------------
(CUSIP Number)
Check the following box if a fee is being paid with the 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 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).
SEC 1745 (2-95)
<PAGE>
13G
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CUSIP NO. 431353-10-1 PAGE 2 OF 9 PAGES
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================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Brady Family Limited Partnership
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
357,143
--------------------------------------------------
6 SHARED VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY 1,000
OWNED BY --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON
WITH 357,143
--------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,000
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
358,143
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.3%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SEC 1745 (2-95)
<PAGE>
13G
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CUSIP NO. 431353-10-1 PAGE 3 OF 9 PAGES
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================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Daniel W. Brady, as Sole General Partner of The Brady Family
Limited Partnership
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
357,143
--------------------------------------------------
6 SHARED VOTING POWER
NUMBER OF
SHARES 1,000
BENEFICIALLY
OWNED BY --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 357,143
WITH
--------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,000
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
358,143
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.3%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SEC 1745 (2-95)
<PAGE>
13G
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CUSIP NO. 431353-10-1 PAGE 4 OF 9 PAGES
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SCHEDULE 13G
------------
Item 1(a). NAME OF ISSUER:
Hilite Industries, Inc.
Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
1671 South Broadway
Carrollton, Texas 75006
Item 2(a). NAME OF PERSON FILING:
The Brady Family Limited Partnership
Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
c/o Hilite Industries, Inc.
1671 South Broadway
Carrollton, Texas 75006
Item 2(c). CITIZENSHIP:
Illinois
Item 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock, $.01 par value per share
Item 2(e). CUSIP NUMBER 431353-10-1
Item 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(b), OR 13D-2(b):
Not Applicable
Item 4. OWNERSHIP:
(a) Amount Beneficially Owned:
358,143 shares of Common Stock, $.01
par value per share ("Common Stock").
This amount includes 1,000 shares held
in trust for the benefit of Mr.
Brady's wife, for which Mr. Brady acts
as co-trustee.
(b) Percent of Class: 7.3%
(c) Number of shares as to which such person has:
SEC 1745 (2-95)
<PAGE>
13G
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CUSIP NO. 431353-10-1 PAGE 5 OF 9 PAGES
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(i) Sole power to vote or to direct the vote: 357,143
(ii) Shared power to vote or to direct the vote: 1,000*
(iii)Sole power to dispose or to direct the disposition of:
357,143
(iv) Shared power to dispose or to direct the disposition of:
1,000*
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.
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
* Held in trust for the benefit of Mr. Brady's wife, for which Mr. Brady acts as
co-trustee and as to which Mr. Brady disclaims beneficial ownership. This report
shall not be deemed an admission that Mr. Brady is the beneficial owner of such
securities for purposes of Section 16 or any other purposes.
SEC 1745 (2-95)
<PAGE>
13G
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CUSIP NO. 431353-10-1 PAGE 6 OF 9 PAGES
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SCHEDULE 13G
------------
Item 1(a). NAME OF ISSUER:
Hilite Industries, Inc.
Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
1671 South Broadway
Carrollton, Texas 75006
Item 2(a). NAME OF PERSON FILING:
Daniel W. Brady, as General Partner of The Brady Family Limited
Partnership
Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
c/o Hilite Industries, Inc.
1671 South Broadway
Carrollton, Texas 75006
Item 2(c). CITIZENSHIP:
United States
Item 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock, $.01 par value per share
Item 2(e). CUSIP NUMBER 431353-10-1
Item 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(b), OR 13D-2(b):
Not Applicable
Item 4. OWNERSHIP:
(a) Amount Beneficially Owned:
358,143 shares of Common Stock, $.01
par value per share ("Common Stock").
This amount represents 357,143 shares
held by The Brady Family Limited
Partnership, of which Mr. Brady is the
sole general partner and 1,000 shares
held in trust for the benefit of Mr.
Brady's wife, for which Mr. Brady acts
as co-trustee.
(b) Percent of Class: 7.3%
SEC 1745 (2-95)
<PAGE>
13G
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CUSIP NO. 431353-10-1 PAGE 7 OF 9 PAGES
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(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 357,143
(ii) Shared power to vote or to direct the vote: 1,000*
(iii) Sole power to dispose or to direct the disposition of:
357,143
(iv) Shared power to dispose or to direct the disposition of:
1,000*
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.
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
* Held in trust for the benefit of Mr. Brady's wife, for which Mr. Brady acts as
co-trustee and as to which Mr. Brady disclaims beneficial ownership. This report
shall not be deemed an admission that Mr. Brady is the beneficial owner of such
securities for purposes of Section 16 or any other purposes.
SEC 1745 (2-95)
<PAGE>
13G
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CUSIP NO. 431353-10-1 PAGE 8 OF 9 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.
Dated: February 13, 1997
THE BRADY FAMILY LIMITED PARTNERSHIP
By: /s/ Daniel W. Brady
-----------------------------
Daniel W. Brady, General Partner
/s/ Daniel W. Brady
-----------------------------
Daniel W. Brady
SEC 1745 (2-95)
<PAGE>
13G
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CUSIP NO. 431353-10-1 PAGE 8 OF 9 PAGES
- ------------------------ -----------------
EXHIBIT 1
The undersigned agree that the statement on Schedule 13G to which
this Agreement is attached is filed on behalf of each of them.
Dated: February 13, 1997
THE BRADY FAMILY LIMITED PARTNERSHIP
By: /s/ Daniel W. Brady
-----------------------------
Daniel W. Brady, General Partner
/s/ Daniel W. Brady
--------------------------------
Daniel W. Brady
SEC 1745 (2-95)
