[SCHEDULE 13G/A] Middleby Corp SEC Filing
Rhea-AI Filing Summary
The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC filed a joint Schedule 13G/A reporting beneficial ownership of 70,470.83 shares of The Middleby Corporation common stock, representing 0.1% of the class as of the reporting event date 06/30/2025. The filing shows shared voting power and shared dispositive power of 68,988.83 shares for each reporting person and 0 shares of sole voting or dispositive power. The filing includes a joint filing agreement and an exhibit identifying Goldman Sachs & Co. LLC as a subsidiary of GS Group and states the securities are held in the ordinary course of business and not for the purpose of changing or influencing control. The filing was signed by Abhilasha Bareja on 08/19/2025.
Positive
- Transparent disclosure of beneficial ownership and relationship between parent and subsidiary through a joint filing agreement
- Clarifies that the holdings are held in the ordinary course of business, not to influence corporate control
Negative
- Holding is immaterial at 0.1% of class, so it conveys no meaningful influence or strategic commitment to Middleby
- No sole voting or dispositive power reported, limiting any direct control or engagement signals
Insights
TL;DR Ownership is immaterial to Middleby’s capital structure; filing is routine transparency by a broker/parent entity.
The Schedule 13G/A indicates passive beneficial ownership of 70,470.83 shares, equal to 0.1% of outstanding common stock, with shared voting and dispositive power noted at 68,988.83 shares. This level of ownership is below 5% and thus does not trigger active 13D reporting or suggest an intent to influence corporate control. The disclosure clarifies relationships between GS Group and its subsidiary and confirms holdings are in the ordinary course of business, consistent with index or trading positions maintained by broker-dealers or investment advisers. Impact on valuation or governance is negligible at this size.
TL;DR This is a standard passive disclosure; no governance change or activist intent is reported.
The joint filing and attached exhibit identify the reporting structure and expressly state the position is not held to influence control. Shared voting/dispositive powers are disclosed, and the joint filing agreement authorizes amendments by either party. Because the position is 0.1% of the class, it does not create board nomination or control implications and represents routine regulatory compliance by a parent and its broker-dealer subsidiary.