Institutional Investor Fuller & Thaler Discloses 5.40% ENR Holding

Rhea-AI Filing Summary

Fuller & Thaler Asset Management, Inc. filed an Amendment No. 2 to Schedule 13G reporting beneficial ownership of 3,896,858.86 shares of Energizer Holdings, Inc. common stock, representing 5.40% of the class as of the filing. The filer states it is a California investment adviser and that the shares are held in the ordinary course of business and not for the purpose of changing or influencing control. The filing breaks out voting and dispositive powers: 3,837,019.86 shares with sole voting power and 3,896,858.86 with sole dispositive power.

Positive

• Reported beneficial ownership of 5.40% signals institutional conviction and is a material, transparent disclosure to the market
• Sole voting and dispositive power over the majority of reported shares indicates the adviser can act independently for the accounts it manages

Negative

• None.

Insights

Financial Analyst

TL;DR: Passive investment adviser position of 5.40% signals meaningful investor interest but no active control intent stated.

The Schedule 13G/A shows Fuller & Thaler holds a material minority stake in Energizer (5.40%), with nearly all voting and dispositive powers held solely. Filing under Rule 13d-1(b)/(c) indicates a passive investor status; the certification clarifies the position is not intended to influence control. For investors, this confirms concentrated ownership by an institutional investor without activist intent, which may affect liquidity and shareholder base composition but does not imply governance changes.

Corporate Governance Expert

TL;DR: A >5% disclosure matters for disclosure transparency but contains no signs of coordination or control efforts.

From a governance perspective, the filer identifies as an investment adviser and expressly disclaims any purpose to influence control. The specific allocation of sole voting and dispositive power is meaningful: it shows the adviser can vote and sell shares independently on behalf of advised accounts. Absent disclosures of group affiliation or shared arrangements, this remains a passive, reportable stake without immediate governance implications.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

ENERGIZER HOLDINGS, INC.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

29272W109

(CUSIP Number)

06/30/2025

(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. 29272W109

1

Names of Reporting Persons

Fuller & Thaler Asset Management, Inc.

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

CALIFORNIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 3,837,019.86
6	Shared Voting Power 0.00
7	Sole Dispositive Power 3,896,858.86
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,896,858.86

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)

5.40 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: ENERGIZER HOLDINGS, INC.
(b)	Address of issuer's principal executive offices: 8235 Forsyth Blvd, Suite 100, SAINT LOUIS, MO 63105
Item 2.
(a)	Name of person filing: Fuller & Thaler Asset Management, Inc.
(b)	Address or principal business office or, if none, residence: 411 Borel Avenue, Suite 300, San Mateo, CA 94402
(c)	Citizenship: California corporation
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 29272W109
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: 3,896,858.86
(b)	Percent of class: 5.40 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 3,837,019.86
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 3,896,858.86
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Fuller & Thaler Asset Management, Inc. is deemed to be thebeneficial owner of the number of securities reflected in Items5-9 and 11 of page two (2) of this Schedule 13G pursuant toseparate arrangements whereby it acts as investment adviser tocertain persons. Each person for whom Fuller & Thaler AssetManagement, Inc. acts as investment adviser has the right toreceive or the power to direct the receipt of dividends from,or the proceeds from the sale of, the Common Stock.
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.

Fuller & Thaler Asset Management, Inc.

Signature:	Hanna Zanoni
Name/Title:	Hanna Zanoni,Chief Compliance Officer
Date:	08/14/2025

FAQ

How many shares of ENR does Fuller & Thaler report owning?

Fuller & Thaler reports beneficial ownership of 3,896,858.86 shares of ENR common stock.

What percentage of Energizer (ENR) does this filing represent?

The filing states this position represents 5.40% of the class of common stock.

Does Fuller & Thaler intend to influence control of Energizer (ENR)?

The filer certifies the shares were not acquired and are not held for the purpose of changing or influencing control.

What voting and dispositive powers are reported by Fuller & Thaler for ENR?

The filer reports 3,837,019.86 shares with sole voting power and 3,896,858.86 shares with sole dispositive power.

What is the filer’s regulatory classification?

Fuller & Thaler is identified as an investment adviser organized in California (Type: IA).