SCHEDULE 13G/A: Select Equity Group and George Loening Disclose 10.3% Passive Stake in Middleby Corp
Beneficial Ownership Disclosure
Select Equity Group, L.P. and George S. Loening have jointly disclosed a beneficial ownership of 10.3% in Middleby Corp, holding 5,517,126 shares of common stock for passive investment purposes.
Summary
- Select Equity Group, L.P., a Delaware limited partnership, and George S. Loening, a United States citizen who is the majority owner of Select LP, have jointly filed an Amendment No. 4 to Schedule 13G.
- The filing discloses their beneficial ownership in Middleby Corp (CUSIP: 596278101) Common Stock.
- As of March 31, 2025, the reporting persons collectively beneficially own 5,517,126 shares of Middleby Corp's Common Stock.
- This aggregate amount represents 10.3% of the class, based on 53,481,521 shares of common stock outstanding as of May 5, 2025, as reported in Middleby Corp's Quarterly Report on Form 10-Q filed on May 8, 2025.
- Both Select Equity Group, L.P. and George S. Loening hold shared voting power and shared dispositive power over all 5,517,126 shares.
- The shares were acquired and are held in the ordinary course of business and are not intended for the purpose of changing or influencing the control of Middleby Corp.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing disclosing beneficial ownership and does not contain information that would typically influence sentiment positively or negatively regarding the issuer's performance or outlook.
Future Outlook
The document does not contain any forward-looking statements or guidance regarding Middleby Corp's future performance or outlook.
Industry Context
This document is a routine regulatory disclosure of beneficial ownership and does not provide broader industry context or trends.
Stakeholder Impact
- Shareholders are informed of a significant passive investment stake held by Select Equity Group, L.P. and George S. Loening, representing 10.3% of the common stock.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of event which requires the filing of this statement |
| 05/05/2025 | Date as of which 53,481,521 shares of common stock were outstanding for Middleby Corp |
| 05/08/2025 | Date Middleby Corp's Quarterly Report on Form 10-Q was filed with the SEC |
| 05/15/2025 | Date of signing and filing of this Schedule 13G Amendment No. 4 |
Keywords
Middleby Corp, Select Equity Group, George S. Loening, Schedule 13G, beneficial ownership, common stock, investment adviser, passive investment
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