SCHEDULE: Clarkston Group Discloses 6.44% Stake in Neogen
Beneficial Ownership Report
A group of entities and individuals led by Clarkston Capital Partners, LLC has disclosed a beneficial ownership of 6.44% in Neogen Corporation's common stock.
Summary
- Clarkston Capital Partners, LLC, along with Clarkston Companies, Inc., Modell Capital LLC, Jeffrey A. Hakala, Gerald W. Hakala, and Jeremy J. Modell, collectively reported beneficial ownership of 14,005,725 shares of Neogen Corporation common stock.
- This aggregate ownership represents 6.44% of Neogen Corporation's outstanding common stock.
- The ownership percentage is based on 217,205,186 shares of common stock outstanding as of June 30, 2025, as reported in Neogen's Form 10-K filed on July 30, 2025.
- The reporting persons hold sole voting power over 5,125,000 shares and shared voting power over 8,838,775 shares.
- They hold sole dispositive power over 5,125,000 shares and shared dispositive power over 8,880,725 shares.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Neogen Corporation.
Sentiment
Score: 6
Explanation: The disclosure of a significant passive ownership stake by a reputable investment group is generally viewed as a positive signal of confidence in the company, though it does not provide operational or financial performance details.
Positives
- A significant institutional and individual investor group has taken a substantial stake, indicating confidence in Neogen Corporation.
- The acquisition was stated to be in the ordinary course of business, suggesting a passive investment rather than an activist intent to influence control.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: The disclosure of a significant stake by a group of investors may instill confidence and potentially attract other investors, signaling a belief in the company's long-term value.
- Management: Awareness of a significant shareholder group, even if passive, may influence strategic decisions, though the filing explicitly states no intent to influence control.
Key Dates
| Date | Description |
|---|---|
| 06/30/2025 | Date of event requiring the filing of this statement and the 'as of' date for shares outstanding used in the ownership calculation. |
| 07/30/2025 | Date Neogen Corporation filed its annual report on Form 10-K, reporting 217,205,186 shares outstanding. |
| 08/13/2025 | Date of filing of this Schedule 13G and the Joint Filing Agreement. |
Keywords
Neogen Corporation, NEOG, Clarkston Capital Partners, Beneficial Ownership, Schedule 13G, Institutional Investor, Common Stock, Equity Stake
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