Miller Industries: Neuberger Berman reports 10% stake
Rhea-AI Filing Summary
MILLER INDUSTRIES INC (MLR) is the subject of an amended Schedule 13G filing in which Neuberger Berman Group LLC, Neuberger Berman Investment Advisers LLC and related entities report beneficial ownership of 1,135,556 shares of the company’s common stock, representing 10.0% of the class. The Neuberger entities report shared power to vote 1,084,874 shares and shared power to dispose of 1,135,556 shares, with no sole voting or dispositive power. They state that these shares are held in various client and fund accounts, that the clients have the economic interest in the securities, and that no single client holds more than 5% of the class.
Positive
- None.
Negative
- None.
Key Figures
Shares beneficially owned: 1,135,556 shares
Percent of class: 10.0%
Shared voting power: 1,084,874 shares
+3 more
6 metrics
Shares beneficially owned
1,135,556 shares
Common stock of Miller Industries Inc reported by Neuberger Berman entities
Percent of class
10.0%
Portion of Miller Industries common stock class beneficially owned
Shared voting power
1,084,874 shares
Shares over which Neuberger Berman entities have shared power to vote
Shared dispositive power
1,135,556 shares
Shares over which Neuberger Berman entities have shared power to dispose
Sole voting power
0 shares
Shares over which Neuberger Berman entities have sole power to vote
Sole dispositive power
0 shares
Shares over which Neuberger Berman entities have sole power to dispose
Key Terms
beneficially own, shared voting power, shared dispositive power, Exchange Act Rule 13d-3, +2 more
6 terms
beneficially own regulatory
"may be deemed to beneficially own the securities covered by this report"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
Exchange Act Rule 13d-3 regulatory
"may be deemed to beneficially own the securities covered by this report in their various fiduciary capacities by virtue of the provisions of Exchange Act Rule 13d-3"
information barrier regulatory
"separated from the NBG Filers by an information barrier in accordance with SEC Release No. 34-39538"
disclaim beneficial ownership regulatory
"disclaim beneficial ownership of the securities covered by this statement pursuant to Exchange Act Rule 13d-4"
FAQ
What ownership stake in MLR does Neuberger Berman report in this Schedule 13G/A?
Neuberger Berman Group LLC and affiliates report beneficial ownership of 1,135,556 shares of Miller Industries Inc common stock, representing 10.0% of the outstanding class, based on their aggregated client and fund holdings.
Does any single Neuberger Berman client hold more than 5% of MLR?
No. The filing states that, other than the entities named in the filing, no one client has an interest of more than 5% of Miller Industries’ common stock; the 10% stake is an aggregate across many clients and funds.
Are all Neuberger Berman subsidiaries’ MLR holdings included in this 13G/A?
No. The filing explains that securities, if any, that may be deemed beneficially owned by NB Alternatives Advisers LLC and certain other Neuberger Berman subsidiaries separated by an information barrier are not reflected in this report.
AI-generated analysis. How Rhea-AI works. Not financial advice.