Neogen Corporation Schedule 13G/A (Amendment No. 2): A group led by Clarkston Capital Partners, LLC reports beneficial ownership of 2,204,788 shares of Neogen common stock, equal to 1.01% of the class based on 217,673,041 shares outstanding as of February 28, 2026. The filing attributes 1,000,000 shares to sole voting power and 1,204,788 shares to shared dispositive power across the reporting persons. The statement is filed jointly by CCP, Clarkston Companies, Inc., and reporting individuals Jeffrey A. Hakala and Gerald W. Hakala.
Positive
None.
Negative
None.
Insights
Minor institutional stake disclosed; passive ownership profile.
The filing shows a 1.01% passive position held via discretionary client accounts managed by Clarkston Capital Partners, with 2,204,788 shares reported as beneficially owned as of the filing. The reporting group includes a parent company and two individual reporting persons.
Voting and dispositive power are partially sole and partially shared; the shares are held for CCP's discretionary clients. Subsequent filings may detail changes in holdings or voting arrangements.
Key Figures
Beneficially owned shares:2,204,788 sharesPercent of class:1.01%Shares outstanding:217,673,041 shares+2 more
5 metrics
Beneficially owned shares2,204,788 sharesReported beneficial ownership by Clarkston group
Percent of class1.01%Based on shares outstanding as of Feb 28, 2026
Shares outstanding217,673,041 sharesOutstanding as of Feb 28, 2026 (used to calculate percent)
Sole voting power1,000,000 sharesSole power to vote reported
Shared dispositive power1,204,788 sharesShared power to dispose reported
Key Terms
Schedule 13G/A, Beneficial ownership, Discretionary clients, Sole/Shared Voting Power
4 terms
Schedule 13G/Aregulatory
"Amendment No. 2 to Schedule 13G filing (cover)"
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.
Beneficial ownershipfinancial
"Amount beneficially owned: CCP is an investment adviser"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Discretionary clientsfinancial
"held in the accounts of CCP's discretionary clients"
Sole/Shared Voting Powerregulatory
"Sole Voting Power 1,000,000.00; Shared Voting Power 1,202,188.00"
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
Neogen Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
640491106
(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):
640491106
1
Names of Reporting Persons
Clarkston Capital Partners, LLC
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
MICHIGAN
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
1,000,000.00
6
Shared Voting Power
1,202,188.00
7
Sole Dispositive Power
1,000,000.00
8
Shared Dispositive Power
1,204,788.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,204,788.00
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)
1.01 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP Number(s):
640491106
1
Names of Reporting Persons
Clarkston Companies, Inc.
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
MICHIGAN
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
1,000,000.00
6
Shared Voting Power
1,202,188.00
7
Sole Dispositive Power
1,000,000.00
8
Shared Dispositive Power
1,204,788.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,204,788.00
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)
1.01 %
12
Type of Reporting Person (See Instructions)
HC, CO
SCHEDULE 13G
CUSIP Number(s):
640491106
1
Names of Reporting Persons
Jeffrey A. Hakala
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
1,000,000.00
6
Shared Voting Power
1,202,188.00
7
Sole Dispositive Power
1,000,000.00
8
Shared Dispositive Power
1,204,788.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,204,788.00
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)
1.01 %
12
Type of Reporting Person (See Instructions)
HC, IN
SCHEDULE 13G
CUSIP Number(s):
640491106
1
Names of Reporting Persons
Gerald W. Hakala
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
1,000,000.00
6
Shared Voting Power
1,202,188.00
7
Sole Dispositive Power
1,000,000.00
8
Shared Dispositive Power
1,204,788.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,204,788.00
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)
1.01 %
12
Type of Reporting Person (See Instructions)
HC, IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Neogen Corporation
(b)
Address of issuer's principal executive offices:
620 Lesher Place, Lansing, MI 48912
Item 2.
(a)
Name of person filing:
This Schedule 13G/A is filed jointly pursuant to that certain Joint Filing Agreement filed herewith as Exhibit 99.1 by: Clarkston Capital Partners, LLC ("CCP"), Clarkston Companies, Inc. ("CC"), Jeffrey A. Hakala, Gerald W. Hakala
(b)
Address or principal business office or, if none, residence:
303 E. Third St., Suite 110, Rochester, MI 48307
(c)
Citizenship:
CCP is a Michigan limited liability company. CC is a Michigan corporation. Jeffrey A. Hakala and Gerald W. Hakala (the "Individual Reporting Persons") are citizens of the United States of America.
(d)
Title of class of securities:
Common Stock
(e)
CUSIP No.:
640491106
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:
CCP is an investment adviser. Collectively, the securities reported in this Schedule 13G/A are held in the accounts of CCP's discretionary clients or in an account over which a control person of CCP has beneficial ownership. The majority member of CCP is CC. The sole owners of CC are Jeffrey A. Hakala and Gerald W. Hakala. Modell Capital LLC, a Michigan limited liability company, previously held a membership interest in CCP but ceased to be a member as of February 5, 2026.
The information required by Item (4) is set forth in Row 9 of cover page for each of the Reporting Persons and is incorporated herein by reference.
Based upon 217,673,041 shares of common stock, par value $0.16, of Neogen Corporation (the "Issuer") outstanding as of February 28, 2026, as reported in the Issuer's quarterly report on Form 10-Q filed with the Securities and Exchange Commission on April 9, 2026.
(b)
Percent of class:
1.01%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
1,000,000
(ii) Shared power to vote or to direct the vote:
1,202,188
(iii) Sole power to dispose or to direct the disposition of:
1,000,000
(iv) Shared power to dispose or to direct the disposition of:
1,204,788
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.
The shares reported in this statement have been purchased by CCP on behalf of CCP's discretionary clients or by a control person of CCP in an account over which such control person has beneficial ownership. CCP's clients have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of such securities held in their accounts, subject to CCP's general authority to invest and reinvest the assets in each account under its management.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
With respect to CC and the Individual Reporting Persons, see Item 4.
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 Clarkston Capital report in Neogen (NEOG)?
Clarkston Capital reports beneficial ownership of 2,204,788 shares, representing 1.01% of Neogen's common stock based on 217,673,041 shares outstanding as of February 28, 2026. The position is reported jointly with affiliated parties.
Who filed the Schedule 13G/A for NEOG?
The filing was made jointly by Clarkston Capital Partners, LLC, Clarkston Companies, Inc., and individuals Jeffrey A. Hakala and Gerald W. Hakala, under a Joint Filing Agreement attached as Exhibit 99.1.
How much voting and dispositive power does the reporting group have?
The group reports 1,000,000 shares of sole voting power and 1,202,188 shares of shared voting power, and 1,000,000 sole dispositive and 1,204,788 shared dispositive powers for the listed accounts.
Are the reported shares held personally or for clients?
The filing states the shares are held in accounts of CCP's discretionary clients or in an account over which a control person has beneficial ownership; CCP acts as investment adviser for those accounts and reports the holdings accordingly.
What is the reference date for the outstanding share count used?
The filing uses 217,673,041 shares outstanding as of February 28, 2026, cited from Neogen's Form 10-Q filed April 9, 2026, to calculate the 1.01% ownership percentage.
