Schedule 13G: State Street Holds 6.2% Stake in Materion (MTRN)
Rhea-AI Filing Summary
State Street Corporation reported beneficial ownership of 1,298,956 shares of Materion Corp, representing 6.2% of the company’s common stock. The Schedule 13G shows no sole voting or dispositive power and shared voting power of 1,224,482 shares with shared dispositive power over 1,298,956 shares, and states the holdings are held in the ordinary course of business and not for the purpose of changing control.
The filing names several State Street Global Advisors entities as the subsidiaries through which the securities were acquired and is signed by Elizabeth Schaefer, Senior Vice President and Chief Accounting Officer.
Positive
- Material disclosure: Beneficial ownership of 1,298,956 shares (6.2%) is clearly reported
- Passive classification: Filed on Schedule 13G and certified as held in the ordinary course of business
Negative
- None.
Insights
TL;DR: State Street holds a material passive stake of 6.2% in Materion, disclosed via Schedule 13G.
The filing documents a meaningful ownership position of 1,298,956 shares (6.2%), with shared voting power on 1,224,482 shares. Because this is a Schedule 13G, State Street characterizes the position as held in the ordinary course and not with the intent to influence control, which generally signals a passive, fiduciary or index-related holding rather than an activist stake. For investors, the item is notable as a sizeable institutional holding but does not indicate active governance engagement based on the filing language.
TL;DR: The filing is a standard disclosure of a >5% passive holding with shared powers and named advisor entities.
The Schedule 13G lists multiple State Street Global Advisors entities as the relevant subsidiaries, consistent with asset-manager custody and advisory structures. The absence of sole voting or dispositive power and the explicit certification that the securities are not held to change control suggest limited direct influence by State Street on Materion governance based on this filing alone. This is a material disclosure for ownership transparency but does not, by itself, signal governance action.