[SCHEDULE 13G/A] CHATHAM LODGING TRUST SEC Filing
Fuller & Thaler Asset Management, Inc. filed an amendment to Schedule 13G reporting beneficial ownership of 2,123,116.34 shares of Chatham Lodging Trust common stock, representing 4.33% of the class. The filer reports sole voting power for 2,089,959.34 shares and sole dispositive power for 2,123,116.34 shares. The filing indicates the securities are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. The filer is a California-registered investment adviser and lists its principal office in San Mateo, California.
- Clear disclosure of holdings with precise share counts and percentages
- Sole voting and dispositive power on the majority of the reported shares simplifies proxy management
- Filer is a registered investment adviser, indicating regulated institutional ownership and reporting compliance
- Position is below 5%, so it is unlikely to be material enough to affect control or trigger enhanced disclosures
- No indication of strategic intent or planned transactions, limiting interpretability for investors seeking forward actions
Insights
TL;DR A registered investment adviser discloses a meaningful passive stake of 4.33% with sole voting and dispositive authority on most shares.
Fuller & Thaler reports ownership below the 5% threshold, so this remains a passive disclosure under Schedule 13G rather than an activist 13D filing. The position size—2.12 million shares and 4.33% of the class—establishes the firm as a notable institutional holder but not a controlling or block-holder by regulatory standards. Sole voting power on 2.09 million shares indicates the adviser can direct votes on nearly all its holdings, which may matter for proxy outcomes if other holders are fragmented. The certification that the position is held in the ordinary course and not to influence control limits immediate governance implications.
TL;DR This is a routine passive disclosure; ownership gives influence in close votes but does not signal a control attempt.
As a Schedule 13G filer, Fuller & Thaler affirms passive intent. Sole dispositive and near-total sole voting power simplify stewardship and proxy voting execution for the adviser. Because the stake is under 5%, the filing does not trigger heightened disclosure or presumptions of control. The absence of shared ownership, group formation, or accompanying statements about nominations or transactions further supports a status of routine institutional ownership rather than an activist posture.