Champlain Investment Reports 5% Holding in Standex (SXI)
Rhea-AI Filing Summary
Champlain Investment Partners, LLC reported beneficial ownership of 603,095 shares of Standex International common stock, equal to 5.0% of the class. The filing shows Champlain has sole dispositive power over all 603,095 shares and sole voting power over 388,520 shares, with no shared voting or dispositive authority. The filer identifies itself as an investment adviser.
The filing includes a certification that the securities were acquired and are held in the ordinary course of business and were not acquired to change or influence control. The statement is signed by the firm's Chief Compliance Officer.
Positive
- Beneficial ownership of 603,095 shares disclosed, representing 5.0% of the class
- Filer reports sole dispositive power over all reported shares and certifies holdings are in the ordinary course of business
Negative
- None.
Insights
TL;DR: Champlain discloses a 5.0% passive stake in Standex with full disposal rights and limited voting power.
Champlain Investment Partners reports beneficially owning 603,095 shares, representing 5.0% of the common stock. The firm holds sole dispositive power over all 603,095 shares but reports sole voting power on 388,520 shares and no shared voting or dispositive power. The filing includes an explicit certification that the position is held in the ordinary course of business and not to influence control, which suggests a non-activist, investment-adviser holding. For investors, this disclosure documents a meaningful institutional stake but contains no indication of an activist campaign or plans that would immediately alter corporate control.
TL;DR: A 5.0% disclosure triggers monitoring but shows no expressed intent to seek control.
The Schedule 13G shows Champlain as an investment adviser with full dispositive authority over the reported shares and a lower level of voting authority. The clear certification that the shares are not held to change control reduces the likelihood this is an activist move. The split between dispositive and voting power is factual in the filing and may reflect timing, account structures, or share types, but the document does not provide further detail. Overall, the filing is material as a 5% institutional disclosure but neutral in governance implications based on the provided statements.