Glazer Capital discloses 8.67% Select Medical (SEM) ownership on amended Schedule 13G

Rhea-AI Filing Summary

Glazer Capital, LLC and Paul J. Glazer report beneficial ownership of Select Medical Holdings Corporation common stock on an amended Schedule 13G. The reporting persons disclose beneficial ownership of 10,744,069 shares of common stock, representing 8.67% of the outstanding class.

They report 0 shares with sole voting or dispositive power and 10,744,069 shares with shared voting and shared dispositive power, held by funds and managed accounts for which Glazer Capital serves as investment manager. Mr. Glazer is managing member of Glazer Capital, and the filers state that the filing should not be construed as an admission of beneficial ownership under Section 13.

Key Figures

Shares beneficially owned: 10,744,069 shares Percent of class owned: 8.67% Shared voting power: 10,744,069 shares +3 more

6 metrics

Shares beneficially owned 10,744,069 shares Beneficial ownership of Select Medical common stock reported by Glazer Capital and Paul J. Glazer

Percent of class owned 8.67% Percentage of Select Medical common stock class beneficially owned

Shared voting power 10,744,069 shares Shares over which the reporting persons have shared power to vote or direct the vote

Shared dispositive power 10,744,069 shares Shares over which the reporting persons have shared power to dispose or direct disposition

Sole voting power 0 shares Shares with sole power to vote or direct the vote

Sole dispositive power 0 shares Shares with sole power to dispose or direct disposition

Key Terms

beneficial owner, shared voting power, shared dispositive power, investment manager, +1 more

5 terms

beneficial owner regulatory

"beneficial owner of the shares of Common Stock reported herein"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

shared voting power regulatory

"Shared Voting Power 10,744,069.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

shared dispositive power regulatory

"Shared Dispositive Power 10,744,069.00"

investment manager financial

"managed accounts to which Glazer Capital serves as investment manager"

Schedule 13G regulatory

"for the purposes of Section 13 of the Act, the beneficial owner"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

FAQ

What stake in Select Medical (SEM) is reported by Glazer Capital on this Schedule 13G/A?

Glazer Capital and Paul J. Glazer report beneficial ownership of 10,744,069 shares of Select Medical common stock, representing 8.67% of the outstanding class, held through certain funds and managed accounts.

Does Glazer Capital have sole or shared voting power over its SEM shares?

The reporting persons disclose 0 shares with sole voting power and 10,744,069 shares with shared voting power in Select Medical, reflecting voting authority exercised on a shared basis for the relevant funds and accounts.

What dispositive power over Select Medical (SEM) shares is reported by Glazer Capital?

They report 0 shares with sole dispositive power and 10,744,069 shares with shared dispositive power in Select Medical common stock, indicating decisions to sell or retain these shares are made on a shared basis.

Who are the reporting persons on this Select Medical (SEM) Schedule 13G/A?

The filing is made by Glazer Capital, LLC, a Delaware limited liability company, and Paul J. Glazer, its Managing Member, regarding shares held by certain Glazer-managed funds and accounts.

Where are Glazer Capital and Paul J. Glazer based according to the SEM Schedule 13G/A?

Their business address is listed as 250 West 55th Street, Suite 30A, New York, New York 10019, while Select Medical’s principal executive offices are in Mechanicsburg, Pennsylvania.

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Available on EDGAR 08/13/2026 - 05:26 PM Accepted by SEC EDGAR 08/13/2026 - 05:26 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

SELECT MEDICAL HOLDINGS CORPORATION

(Name of Issuer)

Common Stock, par value $0.001 per share

(Title of Class of Securities)

81619Q105

(CUSIP Number)

06/30/2026

(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): 81619Q105

1

Names of Reporting Persons

Glazer Capital, 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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 10,744,069.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 10,744,069.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

10,744,069.00

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)

8.67 %

12

Type of Reporting Person (See Instructions)

IA, OO

SCHEDULE 13G

CUSIP Number(s): 81619Q105

1

Names of Reporting Persons

Paul J. Glazer

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 0.00
6	Shared Voting Power 10,744,069.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 10,744,069.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

10,744,069.00

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)

8.67 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: SELECT MEDICAL HOLDINGS CORPORATION
(b)	Address of issuer's principal executive offices: 4714 Gettysburg Road, P.O. Box 2034 Mechanicsburg, PA 17055
Item 2.
(a)	Name of person filing: This statement is filed by: (i) Glazer Capital, LLC, a Delaware limited liability company ("Glazer Capital"), with respect to the shares of Common Stock (as defined in Item 2(d)) held by certain funds and managed accounts to which Glazer Capital serves as investment manager (collectively, the "Glazer Funds"); and (ii) Mr. Paul J. Glazer ("Mr. Glazer"), who serves as the Managing Member of Glazer Capital, with respect to the shares of Common Stock held by the Glazer Funds. The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons." The filing of this statement should not be construed as an admission that any of the Reporting Persons is, for the purposes of Section 13 of the Act, the beneficial owner of the shares of Common Stock (as defined in Item 2(d)) reported herein.
(b)	Address or principal business office or, if none, residence: The address of the business office of each of the Reporting Persons is 250 West 55th Street, Suite 30A, New York, New York 10019.
(c)	Citizenship: Glazer Capital is a Delaware limited liability company. Mr. Glazer is a United States citizen.
(d)	Title of class of securities: Common Stock, par value $0.001 per share
(e)	CUSIP No.: 81619Q105
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: 10,744,069
(b)	Percent of class: 8.67%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 10,744,069
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 10,744,069
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.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
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 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.

Glazer Capital, LLC

Signature:	Paul J. Glazer
Name/Title:	Paul J. Glazer, Managing Member
Date:	08/13/2026

Paul J. Glazer

Signature:	Paul J. Glazer
Name/Title:	Paul J. Glazer
Date:	08/13/2026