Brandes reports 2.43M shares (19.3%) of American Outdoor

American Outdoor Brands, Inc. reported that Brandes Investment Partners, L.P. beneficially owns 2,430,740 common shares, representing 19.30% of the class as disclosed in this amendment.

Rhea-AI Filing Summary

American Outdoor Brands, Inc. reported that Brandes Investment Partners, L.P. beneficially owns 2,430,740 common shares, representing 19.30% of the class as disclosed in this amendment. The filing shows shared voting power of 2,195,814 and shared dispositive power of 2,430,740.

Insights

Institutional Ownership Analyst

Large passive stake disclosed by Brandes at 19.3%.

Brandes Investment Partners, L.P. is reported as beneficial owner of 2,430,740 shares with 19.30% ownership. The position is recorded as shared voting and dispositive power, indicating ownership via pooled vehicles or joint arrangements rather than sole control.

Timing: the signature is dated 05/08/2026. Subsequent filings may clarify changes in voting arrangements or any Schedule 13D triggers; cash‑flow treatment and plans for the stake are not stated in the excerpt.

Key Figures

Beneficial ownership: 2,430,740 shares Percent of class: 19.30% Shared voting power: 2,195,814 shares +3 more

6 metrics

Beneficial ownership 2,430,740 shares Amount beneficially owned

Percent of class 19.30% Percent of common shares beneficially owned

Shared voting power 2,195,814 shares Number with shared power to vote

Shared dispositive power 2,430,740 shares Number with shared power to dispose

CUSIP 02875D109 Identifier for common shares

Signature date 05/08/2026 Date on signature block

Key Terms

Beneficially owned, Shared dispositive power, Schedule 13G/A

3 terms

Beneficially owned regulatory

"Amount beneficially owned: 2,430,740"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Shared dispositive power regulatory

"Shared power to dispose or to direct the disposition of: 2,430,740"

Schedule 13G/A regulatory

"(Amendment No. 5 ) American Outdoor Brands, Inc."

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

FAQ

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

What stake does Brandes Investment Partners report in AOUT?

Brandes Investment Partners reports beneficial ownership of 2,430,740 shares, equal to 19.30% of common shares. The filing lists shared voting power of 2,195,814 and shared dispositive power of 2,430,740.

Does the 13G/A filing indicate who controls the votes for AOUT shares?

The filing shows no sole voting power and shared voting power of 2,195,814. This indicates voting authority is exercised jointly or through shared arrangements rather than by Brandes alone.

When was the Brandes 13G/A for AOUT signed?

The signature block is dated 05/08/2026, and the cover lists 03/31/2026. The filing amendment identifies those dates in the header and signature lines as the reported timing for the disclosure.

Does the filing show Brandes will sell or buy more AOUT shares?

The Schedule 13G/A reports current beneficial ownership and power metrics only. It does not state any planned purchases or sales, nor does it specify intent or arrangements to trade the shares.

What does "shared dispositive power" mean in this filing?

Here it denotes the ability to direct disposition of 2,430,740 shares jointly or through a shared vehicle. The filing attributes dispositional authority to Brandes as a shared power rather than sole control.

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

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Accepted by SEC EDGAR 05/14/2026 - 01:21 PM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 5)

American Outdoor Brands, Inc.

(Name of Issuer)

Common Shares

(Title of Class of Securities)

02875D109

(CUSIP Number)

03/31/2026

(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)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 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 2,195,814.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,430,740.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,430,740.00

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)

19.3 %

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: 2,430,740
(b)	Percent of class: 19.30%
(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: 2,195,814
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 2,430,740
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:	05/08/2026