SharkNinja Set to Join S&P MidCap 400; Flowers Foods and F&G Annuities & Life to Join S&P SmallCap 600

F&G Annuities & Life (NYSE: FG) will join the S&P SmallCap 600, replacing Mister Car Wash, effective before trading on May 19, 2026.

Rhea-AI Summary

F&G Annuities & Life (NYSE: FG) will join the S&P SmallCap 600, replacing Mister Car Wash, effective before trading on May 19, 2026. The same announcement details SharkNinja moving into the S&P MidCap 400 and Flowers Foods shifting from the MidCap 400 to the SmallCap 600 on May 18, 2026, tied to pending acquisitions of CSG Systems Intl and Mister Car Wash.

Positive

• FG added to S&P SmallCap 600 effective May 19, 2026

Negative

• None.

Argus May 14 session

+0.28% close to close Open Argus

Details

News Market Reaction – MCW

On May 14, the first trading day after this news, MCW closed 0.28% above the previous close.

Data tracked by StockTitan Argus for the May 14 session.

Market Context

This announcement details Mister Car Wash’s upcoming removal from the S&P SmallCap 600 as other comp...

Analysis

This announcement details Mister Car Wash’s upcoming removal from the S&P SmallCap 600 as other companies enter the index. It follows a defined go‑private transaction at $7.00 per share and recent filings confirming solid revenue and EBITDA growth. Investors may focus on effective dates, index rebalancing mechanics, and how these intersect with the closing timeline of the pending acquisition and any remaining regulatory or procedural milestones.

Key Figures

Index change effective date: May 18, 2026 Index change effective date: May 19, 2026

Index change effective date

May 18, 2026

MCW deletion from S&P SmallCap 600 and replacement by Flowers Foods

Index change effective date

May 19, 2026

MCW deletion from S&P SmallCap 600 and replacement by F&G Annuities & Life

Historical Context

5 past events · Latest: Apr 29

5 events

1. Apr 29

   Q1 2026 earnings

   24h Move

   +0.1%

   Revenue, EBITDA, and net income grew with larger store base and memberships.

2. Apr 07

   Go-private inquiry

   24h Move

   +0.0%

   Legal investigation into take‑private transaction with Leonard Green & Partners.

3. Feb 18

   Q4/FY2025 results

   24h Move

   +16.1%

   Revenues topped $1.05B and subscriptions, locations, and EBITDA increased.

4. Feb 18

   Take-private deal

   24h Move

   +16.1%

   All‑cash buyout at $7.00 per share with sizable premium to VWAP.

5. Feb 04

   Earnings date set

   24h Move

   -0.3%

   Announcement of timing and access details for Q4/FY2025 earnings release.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

s&p midcap 400, s&p smallcap 600, gics sector

3 terms

s&p midcap 400 financial

"May 18, 2026 | S&P MidCap 400 | Addition | SharkNinja | SN"

The S&P MidCap 400 is a group of 400 companies that are smaller than the big, well-known corporations but larger than tiny startups. It helps investors see how medium-sized companies are performing in the stock market, acting like a barometer for this middle-sized group of businesses.

s&p smallcap 600 financial

"May 18, 2026 | S&P SmallCap 600 | Deletion | CSG Systems Intl | CSGS"

A stock market index made up of 600 small-cap U.S. companies chosen to represent the performance of smaller publicly traded firms. It matters to investors because it acts like a temperature gauge for the small-company segment of the market, serving as a benchmark for fund managers, a basis for index funds and ETFs, and a way to compare returns and risk when building a diversified portfolio.

gics sector financial

"Effective Date | Index Name | Action | Company Name | Ticker | GICS Sector"

GICS sector is one of the major industry groupings from the Global Industry Classification Standard, a system that sorts companies into consistent categories (like Technology or Health Care) based on the primary business they do. Investors use these sectors like folders in a filing cabinet to compare companies, build diversified portfolios, and track how whole parts of the market are performing rather than focusing on single stocks.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

NEW YORK, May 13, 2026 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400, S&P SmallCap 600: 

• SharkNinja (NYSE: SN) will replace Flowers Foods Inc. (NYSE: FLO) in the S&P MidCap 400, and Flowers Foods will replace CSG Systems Intl Inc. (NASD: CSGS) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, May 18. NEC Corporation (TSE: 6701) is acquiring CSG Systems Intl in a deal expected to close soon, pending final closing conditions.
• F&G Annuities & Life Inc. (NYSE: FG) will replace Mister Car Wash Inc. (NASD: MCW) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, May 19. Leonard Green & Partners L.P. is acquiring Mister Car Wash in a deal expected to close soon, pending final closing conditions.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date	Index Name	Action	Company Name	Ticker	GICS Sector
May 18, 2026	S&P MidCap 400	Addition	SharkNinja	SN	Consumer Discretionary
May 18, 2026	S&P MidCap 400	Deletion	Flowers Foods	FLO	Consumer Staples
May 18, 2026	S&P SmallCap 600	Addition	Flowers Foods	FLO	Consumer Staples
May 18, 2026	S&P SmallCap 600	Deletion	CSG Systems Intl	CSGS	Industrials
May 19, 2026	S&P SmallCap 600	Addition	F&G Annuities & Life	FG	Financials
May 19, 2026	S&P SmallCap 600	Deletion	Mister Car Wash	MCW	Consumer Discretionary

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/. 

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
spdji.comms@spglobal.com

View original content:https://www.prnewswire.com/news-releases/sharkninja-set-to-join-sp-midcap-400-flowers-foods-and-fg-annuities--life-to-join-sp-smallcap-600-302771602.html

SOURCE S&P Dow Jones Indices

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When will F&G Annuities & Life (NYSE: FG) join the S&P SmallCap 600 index?

F&G Annuities & Life is scheduled to join the S&P SmallCap 600 before trading opens on May 19, 2026. According to S&P Dow Jones Indices, FG will replace Mister Car Wash in the Financials sector slot.

Which company will FG (NYSE: FG) replace in the S&P SmallCap 600 on May 19, 2026?

FG will replace Mister Car Wash (NASD: MCW) in the S&P SmallCap 600 effective before the market opens on May 19, 2026. According to S&P Dow Jones Indices, Mister Car Wash is being acquired by Leonard Green & Partners.

What index changes involve SharkNinja (NYSE: SN) and Flowers Foods (NYSE: FLO) in May 2026?

SharkNinja will be added to the S&P MidCap 400 on May 18, 2026, replacing Flowers Foods. According to S&P Dow Jones Indices, Flowers Foods will simultaneously move into the S&P SmallCap 600, replacing CSG Systems Intl ahead of its planned acquisition.

Which companies are being removed from the S&P SmallCap 600 in May 2026?

CSG Systems Intl and Mister Car Wash are set to be removed from the S&P SmallCap 600 on May 18 and May 19, 2026. According to S&P Dow Jones Indices, each removal is linked to pending acquisition deals expected to close soon.

Why is CSG Systems Intl (NASD: CSGS) leaving the S&P SmallCap 600 in May 2026?

CSG Systems Intl is leaving the S&P SmallCap 600 because NEC Corporation is acquiring the company. According to S&P Dow Jones Indices, its deletion and Flowers Foods’ addition to the index take effect before trading opens on May 18, 2026.

How do the May 2026 S&P index changes affect FG (NYSE: FG) classification?

FG will be classified in the Financials sector within the S&P SmallCap 600 starting May 19, 2026. According to S&P Dow Jones Indices, FG’s addition is part of a broader rebalancing tied to multiple acquisition-driven deletions.