SCHEDULE 13G/A: BlackRock Boosts Stake in Miller Industries to 7.6%
Beneficial Ownership Report
BlackRock, Inc. has reported an increased beneficial ownership of 7.6% in Miller Industries Inc., holding 866,860 shares of common stock.
Summary
- BlackRock, Inc. has filed an Amendment No. 15 to Schedule 13G, reporting its beneficial ownership in Miller Industries Inc.
- As of December 31, 2025, BlackRock, Inc. beneficially owns 866,860 shares of Miller Industries Inc. Common Stock.
- This represents 7.6% of the class of securities outstanding.
- BlackRock, Inc. holds sole voting power over 855,817 shares and sole dispositive power over 866,860 shares.
- The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Miller Industries Inc.
- Several BlackRock subsidiaries, including BlackRock Advisors, LLC and BlackRock Fund Advisors, are identified as relevant entities, with one or more beneficially owning 5% or greater of the outstanding shares.
Sentiment
Score: 5
Explanation: Neutral, as this is a routine disclosure of beneficial ownership by an institutional investor, not an operational or financial performance report for Miller Industries Inc.
Future Outlook
This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding Miller Industries Inc.'s operations or financial performance.
Management Comments
- BlackRock, Inc. certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of Miller Industries Inc.
Industry Context
This filing reflects a routine disclosure by a major institutional asset manager, BlackRock, Inc., regarding its passive investment stake in a publicly traded company. Such disclosures are common and provide transparency into institutional ownership trends within various sectors.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Update (BlackRock, Inc.) | BlackRock, Inc. executed a new Power of Attorney on January 21, 2025, appointing specific individuals as attorneys-in-fact for executing and filing ownership and control-person reporting requirements. This new POA revokes a previous one dated April 30, 2023. | 2025-01-21 | This is an internal procedural update for BlackRock, Inc. to streamline its regulatory filing processes, ensuring authorized personnel can execute necessary documents for compliance. |
Stakeholder Impact
- Shareholders of Miller Industries Inc. may note the continued significant institutional ownership by BlackRock, Inc., which can be interpreted as a stable, passive investment in the company.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Previous Power of Attorney for BlackRock, Inc. was dated and subsequently revoked. |
| 2025-01-21 | New Power of Attorney executed by BlackRock, Inc., appointing several individuals as attorneys-in-fact for regulatory filings. |
| 2025-12-31 | Date of event which requires the filing of this statement, reflecting beneficial ownership as of this date. |
| 2026-01-21 | Signature date of the Schedule 13G/A filing by BlackRock, Inc. |
Keywords
BlackRock, Miller Industries, Institutional Ownership, Schedule 13G, Common Stock, Beneficial Ownership, Investment Management
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