[SCHEDULE 13G] Kaiser Aluminum Corporation SEC Filing
Barrow Hanley Mewhinney & Strauss LLC reported a passive ownership position in Kaiser Aluminum via a Schedule 13G, holding 872,791 shares, equal to 5.39% of the outstanding common stock. The filer discloses sole voting and sole dispositive power over the reported shares, meaning it controls voting and disposition decisions for that position.
The filing includes a certification that the securities were acquired and are held in the ordinary course of business and are not held to influence control of the issuer. Items addressing group affiliations, subsidiaries, and related control-person classifications are marked not applicable.
- Beneficial ownership of 872,791 shares, representing 5.39% of the class
- Sole voting and sole dispositive power reported over the disclosed shares
- Certification that the securities are held in the ordinary course and not to influence control
- None.
Insights
TL;DR: An institutional investor reports a material passive stake of 5.39% with full voting and dispositive authority.
The Schedule 13G discloses a clearly defined institutional position of 872,791 shares (5.39%) held with sole voting and dispositive power. Because the filer certified the holdings are in the ordinary course and not for control, this is a passive, reportable ownership disclosure rather than an active takeover intent. For investors, the filing signals notable institutional ownership that is material in size but explicitly characterized as non-control.
TL;DR: Governance impact appears limited — the position is reportable and passive, with no group or control claims stated.
The filing identifies the reporting person as Barrow Hanley Mewhinney & Strauss LLC, reporting sole voting and dispositive power over the position. The statement explicitly disclaims intent to influence control and marks group and related items as not applicable. From a governance perspective, this is a material disclosure of ownership but does not, on its face, change control dynamics or trigger additional governance mechanisms.