[SCHEDULE 13G] NN Inc SEC Filing
Rhea-AI Filing Summary
Paradigm Capital Management, Inc. filed a Schedule 13G reporting passive ownership of 2,758,252 shares of NN Inc (NNBR), representing 5.47% of the outstanding common stock as of 06/30/2025. The filing states Paradigm has sole voting and dispositive power over these shares and that they are held for advisory clients in the ordinary course of business.
The statement affirms the position was not acquired to influence control of the issuer. Contact and organizational details for Paradigm and the issuer's principal executive office are included in the filing.
Positive
- Material disclosure: Filing reports a clear, quantified stake of 2,758,252 shares (5.47%), meeting SEC transparency requirements
- Passive classification: Filed on Schedule 13G with certification that the position is held in the ordinary course and not to influence control
- Control clarity: Reports sole voting and dispositive power, providing clarity on who holds authority over the shares
Negative
- None.
Insights
TL;DR: Passive investment of 5.47% by an SEC-registered investment adviser is material but not control-seeking.
Paradigm's reported 5.47% stake exceeds the 5% reporting threshold, making the holding material to shareholders and potential activists. However, the filing is under Schedule 13G and contains the standard certification that the position is held in the ordinary course of business and not for control, indicating a passive intent. The combination of sole voting/dispositive power and a passive classification is common for advisers who exercise client-directed authority but do not pursue governance changes. Investors should note the precise share count and percentage for ownership tables and potential future filings if the stake grows.
TL;DR: A >5% passive stake is noteworthy for governance monitoring but does not signal an immediate control contest.
Because Paradigm reports sole voting power over 2,758,252 shares while asserting passive intent, governance teams should log the holder and monitor any shift to active engagement. Under SEC rules, a passive Schedule 13G filing denotes lower near-term governance risk than a Schedule 13D. Still, sole voting power means Paradigm could influence votes if its posture changes, so continued disclosure tracking is prudent.