SCHEDULE: Voss Capital Amends Latham Group Stake, Holds 3.86%

Voss Capital and affiliated entities have filed an amended Schedule 13G, disclosing a collective beneficial ownership of 3.86% in Latham Group, Inc. common stock.

Summary

• Voss Capital, LP, along with its affiliated funds Voss Value Master Fund, LP, Voss Value-Oriented Special Situations Fund, LP, Voss Advisors GP, LLC, and managing member Travis W. Cocke, collectively reported beneficial ownership of Latham Group, Inc. common stock.
• As of September 30, 2025, the group beneficially owned an aggregate of 4,500,000 shares of Latham Group, Inc. common stock.
• This aggregate ownership represents approximately 3.86% of the outstanding shares of Latham Group, Inc.
• The percentage is based on 116,542,059 shares outstanding as of August 1, 2025, as disclosed in the Issuer's Quarterly Report on Form 10-Q filed on August 6, 2025.
• The filing states that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer, other than activities solely in connection with a nomination under Rule 14a-11.

Sentiment

Score: 5

Explanation: This is a neutral regulatory filing disclosing beneficial ownership, with no explicit positive or negative operational news. The mention of Rule 14a-11 nominations introduces a slight potential for future shareholder engagement, which can be viewed differently depending on perspective.

Risks

• The reporting persons certified that their securities were not acquired for the purpose of changing or influencing control, but explicitly noted an exception for activities solely in connection with a nomination under Rule 14a-11, which could indicate potential future shareholder activism or engagement regarding board composition.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of beneficial ownership by an investment group, indicating their stake in Latham Group, Inc. It does not provide broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake (3.86%) by Voss Capital and its affiliates could be seen as a vote of confidence or a signal of potential future engagement, particularly given the mention of Rule 14a-11 nominations, which could lead to changes in board composition.

Key Dates

Keywords

Latham Group, Voss Capital, Schedule 13G, Beneficial Ownership, Common Stock, Shareholder Activism, Investment Management, Equity Stake