Brandes Investment Partners’ 15% stake in American Outdoor Brands (AOUT) detailed

Rhea-AI Filing Summary

Brandes Investment Partners, L.P. reported a significant passive stake in American Outdoor Brands, Inc. common shares. It beneficially owns 1,889,926 shares, representing 15.01% of the class as of the stated event date.

Brandes has no sole voting or dispositive power, with shared voting power over 1,646,245 shares and shared dispositive power over 1,889,926 shares. The firm, a Delaware investment adviser, certifies the shares are held in the ordinary course of business and not for the purpose of changing or influencing control of American Outdoor Brands.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

American Outdoor Brands, Inc.

(Name of Issuer)

Common Shares

(Title of Class of Securities)

02875D109

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 02875D109

1

Names of Reporting Persons

BRANDES INVESTMENT PARTNERS, LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,646,245.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,889,926.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,889,926.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

15.0 %

12

Type of Reporting Person (See Instructions)

IA, PN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: American Outdoor Brands, Inc.
(b)	Address of issuer's principal executive offices: 1800 NORTH ROUTE Z, SUITE A, COLUMBIA, MISSOURI, 65202.
Item 2.
(a)	Name of person filing: Brandes Investment Partners, L.P.
(b)	Address or principal business office or, if none, residence: 4275 Executive Square, 5th Floor, La Jolla, CA 92037
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common Shares
(e)	CUSIP No.: 02875D109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,889,926
(b)	Percent of class: 15.01 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 1,646,245
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 1,889,926
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

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.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BRANDES INVESTMENT PARTNERS, LP

Signature:	/s/ Glenn Carlson
Name/Title:	Executive Director
Date:	02/09/2026

FAQ

What percentage of American Outdoor Brands (AOUT) does Brandes Investment Partners own?

Brandes Investment Partners beneficially owns 15.01% of American Outdoor Brands’ common shares. This represents 1,889,926 shares, making Brandes a major institutional holder while still filing on a passive basis under Schedule 13G/A rules.

How many American Outdoor Brands (AOUT) shares are reported by Brandes Investment Partners?

Brandes Investment Partners reports beneficial ownership of 1,889,926 American Outdoor Brands common shares. This stake equals 15.01% of the outstanding class, indicating a sizable institutional position managed on behalf of its clients.

Does Brandes Investment Partners control voting for its American Outdoor Brands (AOUT) shares?

Brandes reports no sole voting power over American Outdoor Brands shares, but shared voting power over 1,646,245 shares. It also reports shared dispositive power over 1,889,926 shares, reflecting its role as an investment adviser managing client accounts.

Is Brandes’ stake in American Outdoor Brands (AOUT) intended to influence control of the company?

Brandes certifies the securities were acquired and are held in the ordinary course of business, not to change or influence control of American Outdoor Brands. The filing states the holdings are not part of any control-related transaction or activist effort.

What type of entity is Brandes Investment Partners in the American Outdoor Brands (AOUT) filing?

Brandes Investment Partners is classified as an investment adviser organized in Delaware. It files as an institutional investor, reporting beneficial ownership and shared voting and dispositive powers over American Outdoor Brands shares held for client accounts.

When was Brandes’ ownership in American Outdoor Brands (AOUT) measured for this filing?

The ownership information is reported as of an event date of December 31, 2025. That date is used to calculate Brandes’ 1,889,926 beneficially owned shares, representing 15.01% of American Outdoor Brands’ common stock at that time.