Mawer Investment Management Updates 1.94M Share Stake in GIC

TL;DR

**Mawer Investment Management now holds 1,939,649 shares of GIC with sole voting power as of Dec 31, 2023.**

AI Summary

Mawer Investment Management Ltd. filed an amendment to its Schedule 13G, indicating a change in its beneficial ownership of GLOBAL INDUSTRIAL Co. As of December 31, 2023, Mawer Investment Management Ltd. holds sole voting power over 1,939,649 shares of GLOBAL INDUSTRIAL Co. common stock. This filing matters to investors because it shows a significant institutional investor's updated stake, which can influence market perception and potentially signal confidence or lack thereof in the company's future.

Why It Matters

This filing reveals a major institutional investor's current holdings, providing transparency into significant ownership changes that can impact investor sentiment and stock valuation.

Risk Assessment

Risk Level: low — This filing is a routine update on institutional ownership and does not inherently signal high risk, but rather transparency.

Analyst Insight

Investors should note Mawer Investment Management's continued significant stake in GLOBAL INDUSTRIAL Co., as it reflects an institutional investor's ongoing interest. While this filing doesn't indicate a new position, it confirms their updated holdings as of year-end 2023, which can be a factor in assessing institutional confidence.

Key Numbers

• 1,939,649 — Shares Beneficially Owned (Represents the number of shares of GLOBAL INDUSTRIAL Co. common stock over which Mawer Investment Management Ltd. has sole voting power as of December 31, 2023.)

Key Players & Entities

• Mawer Investment Management Ltd. (company) — the reporting person and institutional investor
• GLOBAL INDUSTRIAL Co (company) — the subject company whose shares are being reported
• 1,939,649 (dollar_amount) — number of shares beneficially owned with sole voting power
• December 31, 2023 (date) — the date of the event requiring the filing

Forward-Looking Statements

• Mawer Investment Management Ltd. will continue to be a significant institutional holder of GLOBAL INDUSTRIAL Co. shares. (Mawer Investment Management Ltd.) — high confidence, target: 2024-12-31

FAQ

Filing Documents

• gic13ga4q2022.htm (SC 13G/A) — 109KB
• 0000945621-24-000161.txt ( ) — 111KB

From the Filing

SC 13G/A 1 gic13ga4q2022.htm AMENDMENT NO. 2 TO SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2) GLOBAL INDUSTRIAL COMPANY (Name of Issuer) Common Stock (Title of Class of Securities) 37892E102 (CUSIP Number) December 31, 2023 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) CUSIP No. Page 2 of 5 Pages 37892E102 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Mawer Investment Management Ltd. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Canada NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 1,939,649 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 1,939,649 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,939,649 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.10% (1) 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) Investment Advisor (1) Based upon 38,063,644 shares of Common Stock of Global Industrial Company (the "Issuer") outstanding as of October 27, 2023 as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on October 31, 2023. CUSIP No. Page 3 of 5 Pages 37892E102 Item 1. (a) Name of Issuer: Global Industrial Company (b) Address of Issuer's Principal Executive Offices: 11 Harbor Park Drive Port Washington, New York 11050 Item 2. (a) Name of Persons Filing: Mawer Investment Management Ltd. (b) Address of Principal Business Office or, if none, Residence : 600, 517 – 10th Avenue SW Calgary, Alberta, Canada T2R 0A8 (c) Citizenship: Canada (d) Title of Class of Securities: Common Stock (e) CUSIP Number: 37892E102 Item 3. If this statement is filed pursuant to Sections 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. (b) [ ] Bank as defined in Section 3(a)(6) of the Act. (c) [ ] Insurance company as defined in Section 3(a)(19) of the Act. (d) [ ] Investment company registered under Section 8 of the Investment Company Act of 1940. (e) [X] An investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E). (f) [ ] An employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F). (g) [ ] A parent holding company or control person in accordance with Section 240.13d-1(b)(1)(ii)(G). (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act. (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. CUSIP No. Page 4 of 5 Pages 37892E102 (j) [ ] A non-U.S. institution in accordance with Section 240.13d-1(b)(1) (ii)(J). (k) [ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J), please specify the type of institution: _____________________________________________ Item 4. (a) Amount Beneficially Owned: 1,939,649 (b) Percent of Class: 5.10% (c) Number of Shares as to which the person has: (i) sole power to vote or to direct the vote: 1,939,649 (ii) shared power to vote or direct the vote: 0 (iii) sole power to dispose or direct the disposition of: 1,939,649 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: Item 6. Not Applicable CUSIP No. Page 5 of 5 Pages 37892E102 Item 7. Identification and Classification of Subsidiaries 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. Certification: 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. 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 c

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