SCHEDULE: FMR LLC Discloses 6.8% Stake in Simply Good Foods
Beneficial Ownership Disclosure (Schedule 13G Amendment No. 2)
FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, reporting a 6.8% beneficial ownership stake in Simply Good Foods Co. as of September 30, 2025.
Summary
- FMR LLC and Abigail P. Johnson, through an amended Schedule 13G (Amendment No. 2), reported beneficial ownership of 6,871,299.22 shares of Simply Good Foods Co. common stock.
- This ownership represents 6.8% of the company's total outstanding common stock.
- FMR LLC holds sole voting power over 6,868,410.96 shares and sole dispositive power over 6,871,299.22 shares.
- Abigail P. Johnson, as a control person of FMR LLC, is deemed to beneficially own the same aggregate amount of shares with sole dispositive power.
- The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Simply Good Foods Co.
Sentiment
Score: 5
Explanation: Neutral, as this is a factual disclosure of beneficial ownership without explicit positive or negative operational or financial news.
Positives
- The continued significant stake (6.8%) by a major institutional investor like FMR LLC indicates a sustained investment interest in Simply Good Foods Co.
Negatives
- This filing is a factual disclosure of ownership and does not contain information that would typically be categorized as negative for the issuer.
Risks
- The filing itself does not detail risks related to Simply Good Foods Co.'s operations or financial performance. It primarily concerns the reporting persons' ownership structure and compliance.
Future Outlook
This filing does not contain forward-looking statements or guidance from Simply Good Foods Co.
Management Comments
- "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."
Industry Context
This filing reflects a standard disclosure by a large asset manager (FMR LLC, parent of Fidelity) regarding its significant passive investment in a consumer packaged goods company (Simply Good Foods Co.). Such disclosures are routine for institutional investors crossing certain ownership thresholds and provide transparency into major shareholder positions, aligning with typical practices in the investment management industry.
Comparison to Industry Standards
- FMR LLC, through its various investment advisory subsidiaries (e.g., FIAM LLC, Fidelity Management & Research Company LLC, Strategic Advisers LLC), is a prominent institutional investor. Holding a 6.8% stake in a publicly traded company like Simply Good Foods Co. is consistent with the investment strategies of large asset managers who often take significant, but passive, positions across various sectors. No specific comparable companies, projects, or results are mentioned in the filing to assess against.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Internal Governance Structure (FMR LLC) | Members of the Johnson family, including Abigail P. Johnson, are the predominant owners (49% voting power) of Series B voting common shares of FMR LLC. They have a shareholders' voting agreement to vote all Series B shares in accordance with the majority vote, forming a controlling group with respect to FMR LLC under the Investment Company Act of 1940. | This describes the internal control structure of the reporting entity (FMR LLC) and does not directly impact the corporate governance of Simply Good Foods Co. |
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional shareholder's stake, which can influence market perception and potentially provide stability.
- Management: Awareness of a large, passive institutional holder in the company's stock.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for Stephanie J. Brown on behalf of FMR LLC. |
| 2023-01-10 | Date of Schedule 13G filing by FMR LLC where Power of Attorney (Exhibit 24) was incorporated by reference. |
| 2023-01-26 | Effective date of Power of Attorney for Stephanie J. Brown on behalf of Abigail P. Johnson. |
| 2023-01-31 | Date of Schedule 13G filing by FMR LLC where Abigail P. Johnson's Power of Attorney (Exhibit 24) was incorporated by reference. |
| 2025-09-30 | Date of event which requires filing of this statement (beneficial ownership snapshot date). |
| 2025-11-04 | Signature date of the Schedule 13G Amendment No. 2 filing. |
Keywords
Simply Good Foods Co, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, Equity Stake, SEC Filing
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.