Allspring Global Investments Holds 10.0% Stake in Myers Industries

TL;DR

**Allspring Global Investments still owns 10.0% of Myers Industries as of Dec 31, 2023.**

AI Summary

Allspring Global Investments Holdings, LLC filed an amended SC 13G/A on January 12, 2024, disclosing its ownership in Myers Industries Inc. As of December 31, 2023, Allspring beneficially owned 3,598,590 shares of Myers Industries common stock, representing 10.0% of the company's outstanding shares. This is an update to their previous filing, indicating a change in their holding percentage or voting power, which is important for investors as it shows a significant institutional investor's continued interest and substantial stake in Myers Industries.

Why It Matters

This filing shows that a major institutional investor, Allspring Global Investments, maintains a significant 10.0% ownership in Myers Industries, signaling their continued confidence or strategic interest in the company.

Risk Assessment

Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate risks to the company or its stock.

Analyst Insight

Investors should note Allspring Global Investments' continued substantial ownership in Myers Industries, which could be seen as a vote of confidence, but should conduct further due diligence on the company's fundamentals.

Key Numbers

• 3,598,590 — Shares Beneficially Owned (Represents the total number of common shares of Myers Industries Inc. held by Allspring Global Investments Holdings, LLC.)
• 10.0% — Ownership Percentage (Indicates the significant stake Allspring Global Investments Holdings, LLC holds in Myers Industries Inc., showing their influence.)
• 20231231 — Date of Event (The specific date as of which the ownership percentage was calculated, providing a clear snapshot in time.)

Key Players & Entities

• Allspring Global Investments Holdings, LLC (company) — the reporting person and institutional investor
• Myers Industries Inc (company) — the subject company in which shares are held
• 3,598,590 (dollar_amount) — number of shares beneficially owned by Allspring Global Investments
• 10.0% (dollar_amount) — percentage of Myers Industries Inc. stock owned by Allspring Global Investments
• December 31, 2023 (date) — the date of the event requiring the filing

Forward-Looking Statements

• Allspring Global Investments will maintain a significant stake in Myers Industries for the foreseeable future. (Allspring Global Investments Holdings, LLC) — medium confidence, target: 2025-12-31

FAQ

Filing Documents

• Myers_20231231.htm (SC 13G/A) — 27KB
• 0001890906-24-000092.txt ( ) — 29KB

Ownership

Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: (i) AGIH: 2,130,794 (ii) AGI: 2,128,795 (ii) AFM: 0 (b) Percent of class: (i) AGIH: 5.78% (ii) AGI: 5.78% (ii) AFM: 0% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote (1) AGIH: 2,030,495 (2) AGI: 311,218 (3) AFM: 0 (ii) Shared power to vote or to direct the vote (1) AGIH: 0 (2) AGI: 0 (3) AFM: 0 (iii) Sole power to dispose or to direct the disposition of (1) AGIH: 2,130,794 (2) AGI: 2,128,795 (3) AFM: 0 (iv) Shared power to dispose or to direct the disposition of (1) AGIH: 0 (2) AGI: 0 (3) AFM: 0

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class 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[ ].

Ownership of More than Five Percent on Behalf of Another Person

Item 6. Ownership of More than Five 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.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group Not applicable.

Certification

Item 10. Certification 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. 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. January 11, 2024 Date /s/ Amy Stueve Signature Amy Stueve, Designated Signer Name/Title Exhibit A EXPLANATORY NOTE Exhibit B JOINT FILING AGREEMENT The undersigned hereby agree as follows: (i) Each of them is individually eligible to use the Schedule 13G to which this Exhibit is attached, and such Schedule 13G is filed on behalf of each of them; and (ii) each of them is responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate. Date: January 11, 2024 Allspring Global Investments Holdings, LLC By: /s/ Amy Stueve Amy Stueve, Designated Signer Allspring Global Investments, LLC By: /s/ Amy Stueve Amy Stueve, Vice President Allspring Funds Management, LLC By: /s/ Amy Stueve Amy Stueve, Designated Signer Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)

View Full Filing

View this SC 13G/A filing on SEC EDGAR