Vanguard discloses zero ownership in Methode Electronics (NYSE: MEI)
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
Methode Electronics Inc: The Vanguard Group filed an Amendment No. 12 to a Schedule 13G/A reporting no beneficial ownership of Methode common stock. The filing states 0 shares and 0% ownership and explains an internal realignment effective January 12, 2026 that disaggregated certain Vanguard subsidiaries for SEC reporting purposes.
The filing is signed by Ashley Grim as Head of Global Fund Administration on March 27, 2026.
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FAQ
Why did Vanguard file Amendment No. 12 for MEI?
To disclose an internal realignment that changed reporting structure. The filing cites an internal realignment on January 12, 2026 and SEC Release No. 34-39538 as the basis for disaggregated reporting.
What authority did Vanguard cite for separate reporting after realignment?
Vanguard cites SEC Release No. 34-39538 (January 12, 1998). The filing says subsidiaries will report beneficial ownership separately in reliance on that release after the internal realignment.
Who signed the Schedule 13G/A Amendment for Vanguard on MEI?
The filing is signed by Ashley Grim, Head of Global Fund Administration, with a signature date of March 27, 2026, attesting to the disclosure.
Does the filing indicate any third party holds more than 5% of MEI?
No — the filing states that no other person's interest in the reported securities exceeds 5%. It notes Vanguard-managed accounts may have dividend or proceeds rights but none exceed that threshold.