NNBR.NASDAQNn INC

DEFA14A: NN, Inc. Amends Proxy Statement Regarding Security Ownership of Certain Beneficial Owners

Sentiment:

Proxy Statement Amendment

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NN, Inc. files an amendment to its proxy statement to restate the section on security ownership of beneficial owners for the 2025 Annual Meeting of Stockholders.

Summary

  • NN, Inc. has filed a supplement to its Schedule 14A to amend and restate the section concerning the security ownership of certain beneficial owners in its definitive proxy statement.
  • The amendment pertains to the proxy statement for the 2025 Annual Meeting of Stockholders.
  • The original proxy statement was filed with the SEC on March 31, 2025.
  • The amendment provides updated information on the ownership of NN, Inc.'s common stock by parties owning more than 5% of the company's shares as of March 17, 2025, based on 49,869,511 shares outstanding.
  • Corre Partners Management, LLC beneficially owns 6,205,631 shares, representing 12.44% of the class.
  • Legion Partners Asset Management, LLC beneficially owns 5,016,629 shares, representing 10.06% of the class.
  • BlackRock, Inc. beneficially owns 3,103,092 shares, representing 6.22% of the class.
  • Nomura Holdings, Inc. beneficially owns 3,005,837 shares, representing 6.03% of the class.

Sentiment

Score: 5

Explanation: The document is a factual update on share ownership, with no inherent positive or negative sentiment.

Future Outlook

All other items in the Proxy Statement remain unchanged.

Industry Context

This filing is a routine update related to the ownership structure of the company, which is a common practice before annual shareholder meetings. It ensures transparency and provides shareholders with information about the major stakeholders in the company.

Stakeholder Impact

  • Shareholders are provided with updated information on the ownership structure of the company.

Next Steps

  • The company will proceed with the 2025 Annual Meeting of Stockholders.

Key Dates

DateDescription
November 8, 2024BlackRock, Inc. filed Schedule 13G.
November 14, 2024Nomura Holdings, Inc. filed Schedule 13G.
January 16, 2025Corre Partners Management, LLC filed Schedule 13D/A.
February 3, 2025Legion Partners Asset Management, LLC filed Schedule 13D/A.
March 17, 2025Date for security ownership information.
March 31, 2025Original proxy statement filed with the SEC.
20252025 Annual Meeting of Stockholders

Keywords

proxy statement, beneficial ownership, shareholders, common stock, SEC, NN, Inc., Corre Partners, Legion Partners, BlackRock, Nomura

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