Eminence Capital and Ricky C. Sandler filed an amended Schedule 13G reporting 2,533,385 shares of Louisiana-Pacific Corporation common stock. The filing states those shares represent 3.6% of the class, calculated from 69,848,440 shares outstanding as of March 3, 2026. The cover data shows shared voting and shared dispositive power over the 2,533,385 shares. The statement notes Eminence Capital acts as manager/adviser to funds and separately managed accounts and that Mr. Sandler may be deemed to share voting and dispositive power; it also states the filing is not an admission of beneficial ownership for Section 13G purposes.
Positive
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Negative
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Insights
Large passive stake disclosed: 2,533,385 shares (3.6%) held via Eminence-managed accounts.
Eminence Capital reports shared voting and dispositive power over 2,533,385 shares, representing 3.6% of the outstanding common stock based on March 3, 2026. The filing identifies the stake as held through funds and separately managed accounts under Eminence's management.
The filing is a routine Schedule 13G/A amendment and explicitly disclaims admission of beneficial ownership under Section 13G. Subsequent filings would show any change in position or voting intentions.
Shared control via adviser structure; beneficial attribution routed through management entities.
The cover information attributes shared voting and shared dispositive power to both Eminence Capital and Ricky C. Sandler for the same 2,533,385-share holding. The filing explains Eminence serves as manager/adviser to multiple funds and SMAs and that Mr. Sandler is CEO of Eminence.
This filing states the ownership percentage using the Company's proxy outstanding count; any governance impact depends on future voting direction or additional disclosures in later filings.
Key Figures
Shares beneficially owned:2,533,385 sharesPercent of class:3.6%Shares outstanding:69,848,440 shares+1 more
4 metrics
Shares beneficially owned2,533,385 sharesreported stake held via Eminence-managed funds and SMAs
Percent of class3.6%calculated from 69,848,440 shares outstanding
Shares outstanding69,848,440 sharesas of <date>March 3, 2026</date> (company proxy statement)
CUSIP546347105Louisiana-Pacific Common Stock CUSIP on cover page
Key Terms
Schedule 13G/A, shared dispositive power, shared voting power
3 terms
Schedule 13G/Aregulatory
"Amendment No. 1 ) Louisiana-Pacific Corporation Common Stock"
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.
shared dispositive powerfinancial
"Shared Dispositive Power 2,533,385.00"
shared voting powerfinancial
"Shared Voting Power 2,533,385.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Louisiana-Pacific Corporation
(Name of Issuer)
Common Stock, par value $1 per share
(Title of Class of Securities)
546347105
(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):
546347105
1
Names of Reporting Persons
Eminence Capital, 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
2,533,385.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,533,385.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,533,385.00
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)
3.6 %
12
Type of Reporting Person (See Instructions)
IA, PN
SCHEDULE 13G
CUSIP Number(s):
546347105
1
Names of Reporting Persons
Ricky C. Sandler
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
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
2,533,385.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,533,385.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,533,385.00
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)
3.6 %
12
Type of Reporting Person (See Instructions)
HC, IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Louisiana-Pacific Corporation
(b)
Address of issuer's principal executive offices:
1610 West End Avenue, Suite 200, Nashville, TN 37203
Item 2.
(a)
Name of person filing:
This statement is filed by Eminence Capital, LP, a Delaware limited partnership ("Eminence Capital") and Ricky C. Sandler, a U.S. Citizen ("Mr. Sandler," and together with Eminence Capital, the "Reporting Persons").
Eminence Capital serves as the management company or investment adviser to, and may be deemed to have shared voting and dispositive power over the shares of Common Stock, par value $1 per share ("Common Stock") of Louisiana-Pacific Corporation, a Delaware corporation (the "Company") held by various investment funds (the "Eminence Funds") and separately managed accounts (the "Eminence SMAs," and together with the Eminence Funds, the "Eminence Funds and SMAs") under its management and control. The general partner of Eminence Capital is Eminence Capital GP, LLC, the sole managing member of which is Mr. Sandler.
Mr. Sandler is the Chief Executive Officer of Eminence Capital and may be deemed to have shared voting and dispositive power with respect to the shares of Common Stock held by the Eminence Funds and SMAs.
The filing of this statement should not be construed as an admission that any of the Reporting Persons is, for the purposes of Section 13G of the Securities Exchange Act of 1934, the beneficial owner of the securities reported herein.
(b)
Address or principal business office or, if none, residence:
The address of the principal business and principal office of Eminence Capital is 399 Park Avenue, 25th Floor, New York, NY 10022. The business address of Mr. Sandler is 399 Park Avenue, 25th Floor, New York, NY 10022.
(c)
Citizenship:
Eminence Capital is a limited partnership organized under the laws of the State of Delaware. Mr. Sandler is a United States citizen.
(d)
Title of class of securities:
Common Stock, par value $1 per share
(e)
CUSIP No.:
546347105
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:
The information required by Item 4(a) is set forth in Row 9 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
The percentage set forth in this Schedule 13G is calculated based upon an aggregate of 69,848,440 shares of Common Stock outstanding as of March 3, 2026, as reported in the Company's Definitive Proxy Statement on Schedule 14A, filed with the Securities and Exchange Commission on March 20, 2026.
(b)
Percent of class:
3.6%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(ii) Shared power to vote or to direct the vote:
The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(iii) Sole power to dispose or to direct the disposition of:
The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(iv) Shared power to dispose or to direct the disposition of:
The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
Item 5.
Ownership of 5 Percent or Less of a Class.
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.
No person other than the Reporting Persons and the Eminence Funds and SMAs is known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, the shares of Common Stock held by the Eminence Funds and SMAs.
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.
What stake does Eminence Capital report in Louisiana-Pacific (LPX)?
Eminence Capital reports beneficial ownership of 2,533,385 shares, equivalent to 3.6% of the class based on March 3, 2026. The shares are held through Eminence-managed funds and separately managed accounts.
Does Ricky C. Sandler personally hold the reported LPX shares?
The filing attributes shared voting and dispositive power to Mr. Sandler via his role at Eminence Capital. It states the shares are held by Eminence Funds and SMAs and Mr. Sandler may be deemed to share control.
What share count did the filing use to calculate the 3.6% stake?
The percentage is calculated using an aggregate of 69,848,440 shares outstanding as of March 3, 2026, taken from the company’s definitive proxy statement filed March 20, 2026.
Does the Schedule 13G/A assert Eminence is the beneficial owner under Section 13G?
No. The filing explicitly states that it should not be construed as an admission that any Reporting Person is the beneficial owner for purposes of Section 13G.
What type of power does Eminence claim over the shares?
The cover data shows 0 sole voting/dispositive power and 2,533,385 shared voting and shared dispositive power, indicating control is asserted jointly via managed accounts.
