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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(RULE 13D-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13D-1(A) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13D-2(A)
(AMENDMENT NO. 5)
Hilite Industries, Inc.
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(Name of Issuer)
Common Stock, par value $0.01 per share
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(Title of Class of Securities)
43153 10 1
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(CUSIP Number)
Joseph W. Carreras
Hilite Holdings, LLC
Terminal Square
50 Public Square
32nd Floor
Cleveland, Ohio 44113
(216) 771-6700
with a copy to:
Christopher M. Kelly, Esq.
Patrick J. Leddy, Esq.
Jones, Day, Reavis & Pogue
901 Lakeside Avenue
Cleveland, Ohio 44114
(216) 586-3939
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
July 30, 1999
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(Date of Event which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G
to report the acquisition that is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g),
check the following box. [ ]
Note. Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits. See
Rule 13d-7(b) for other parties to whom copies are to be sent.
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CUSIP NO. 43153 10 1 SCHEDULE 13D
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1 Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)
Hilite Holdings, LLC
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2 Check the Appropriate Box if a Member of a Group* (a) [ ]
(b) [X]
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3 SEC Use Only
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4 Source of Funds*
WC
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5 Check if Disclosure of Legal Proceedings Is Required Pursuant to Items
2(d) or 2(e) [ ]
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6 Citizenship or Place of Organization
State of Delaware
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Number of 7 Sole Voting Power: 2,335,704 shares of common stock,
Shares Bene- par value of $0.01 per share**
ficially Owned --------------------------------------------------------------
by Each 8 Shared Voting Power: None
Reporting --------------------------------------------------------------
Person With 9 Sole Dispositive Power: 2,335,704 shares of common
stock, par value of $0.01 per share**
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10 Shared Dispositive Power: None
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11 Aggregate Amount Beneficially Owned by Each Reporting Person: 2,335,704
shares of common stock, par value of $0.01 per share**
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12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares* [ ]
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13 Percent of Class Represented by Amount in Row (11): 91.7%**
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14 Type of Reporting Person*
OO
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
** See Item 5 below.
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ITEM 1. SECURITY AND ISSUER
On May 7, 1999, Hilite Holdings, LLC ("Buyer") filed a Statement on Schedule 13D
(the "Schedule 13D") with the Securities and Exchange Commission (the
"Commission") in respect of its beneficial ownership of certain shares of common
stock, par value of $0.01 per share (the "Shares"), of Hilite Industries, Inc.,
a Delaware corporation (the "Company").
This Amendment No. 5 amends the Schedule 13D; Amendments No. 1, 2 and 3 to the
Schedule 13D filed with the Commission by Buyer, Hilite Mergeco, Inc. ("Merger
Subsidiary"), and the James E. Lineberger, Jr. Trust, the Geoffrey S. Lineberger
Trust, the Christopher Lineberger Trust, The Brady Family Limited Partnership,
Samuel M. Berry, Chris A. Curto, Arthur D. Johnson, Ronald E. Reinke, Donald M.
Maher, Willie Vercher and Dr. Krishnamurthy Sundararajan on May 20, 1999, May
27, 1999, and June 8, 1999, respectively; and Amendment No. 4 to the Schedule
13D filed with the Commission by Buyer on July 9, 1999.
This Amendment No. 5 is filed by Buyer to reflect the issuance by the Company,
and the purchase by Buyer, of 609,306 additional Shares on July 30, 1999 at a
price of $14.25 per Share.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Item 3 of the Schedule 13D is hereby amended and supplemented as follows:
The source of funds for the purchase of the additional 609,306 Shares by Buyer
on July 30, 1999 was the working capital of Buyer.
ITEM 4. PURPOSE OF TRANSACTION
Item 4 of the Schedule 13D is hereby amended and supplemented as follows:
The Company issued the additional 609,306 Shares on July 30, 1999 to Buyer to
finance its acquisition of substantially all the assets of the Acutex Division
of SPX CORPORATION, a Delaware corporation.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
The following table sets forth, as of the date hereof, the beneficial
ownership of Shares of the following persons:
Name and Address of Amount and Nature of Percent of
Beneficial Owner Beneficial Ownership Class
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Hilite Holdings, LLC
Terminal Tower
50 Public Square 2,335,704 91.7%
32nd Floor
Cleveland, Ohio 44113
James E. Lineberger, Jr. Trust
1120 Boston Post Road
Darien, CT 06820 39,558 1.6%
Geoffry S. Lineberger Trust
1120 Boston Post Road
Darien, CT 06820 39,560 1.6%
Christopher Lineberger Trust
1120 Boston Post Road
Darien, CT 06820 39,560 1.6%
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Name and Address of Amount and Nature of Percent of
Beneficial Owner Beneficial Ownership Class
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Samuel M. Berry
c/o Hilite Industries, Inc.
1671 S. Broadway
Carrollton, TX 75006 21,053 *
Arthur D. Johnson
c/o Hilite Industries, Inc.
1671 S. Broadway
Carrollton, TX 75006 13,900 *
Donald M. Maher
c/o Hilite Industries, Inc.
1671 S. Broadway
Carrollton, TX 75006 9,035 *
The Brady Family Limited Partnership
2845 Parkwood Lane
Aurora, IL 60504 9,495 *
Ronald E. Reinke
c/o Hilite Industries, Inc.
1671 S. Broadway
Carrollton, TX 75006 10,500 *
Chris A. Curto
c/o Hilite Industries, Inc.
1671 S. Broadway
Carrollton, TX 75006 4,500 *
Willie Vercher
c/o Hilite Industries, Inc.
1671 S. Broadway
Carrollton, TX 75006 5,250 *
Dr. Krishnamurthy Sundararajan
c/o Hilite Industries, Inc.
1671 S. Broadway
Carrollton, TX 75006 5,250 *
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* Less than one percent
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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: August 18, 1999
HILITE HOLDINGS, LLC
By: /s/ IAN HESSEL
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Name: Ian Hessel
Title: Corporate Controller and
Assistant Secretary
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