SEC Form SC 13G/A filed by Methode Electronics Inc. (Amendment)

7/10/23 1:39:25 PM ET

Electrical Products

Technology

Get the next $MEI alert in real time by email

SC 13G/A 1 mei13g1st0623.txt METHODE ELECTRONICS, INC. - 06/30/2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No._1_) METHODE ELECTRONICS, INC. ------------------------------------------------------------------------------- (Name of Issuer) Common Stock ------------------------------------------------------------------------------- (Title of Class of Securities) 591520200 ------------------------------ (CUSIP Number) 06/30/2023 ------------------------------------------------------------------------------- (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. 591520200 --------- ------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). EARNEST Partners, 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 ------------------------------------------------------------------------------- 5 SOLE VOTING POWER 1,321,291 NUMBER OF ----------------------------------------------------------------- SHARES BENEFICIALLY 6 SHARED VOTING POWER 0 OWNED BY ----------------------------------------------------------------- EACH REPORTING 7 SOLE DISPOSITIVE POWER 1,676,404 PERSON WITH ----------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 0 ------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,676,404 ------------------------------------------------------------------------------- 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) 4.5% ------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) ------------------------------------------------------------------------------- IA ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Item 1 (a) Name of Issuer METHODE ELECTRONICS, INC. (b) Address of Issuer's Principal Executive Offices 8750 West Bryn Mawr Avenue, Suite 1000, Chicago, Illinois, 60631-3518 Item 2 (a) Name of Person Filing EARNEST Partners, LLC (b) Address of Principal Business Office or, if none, Residence 1180 Peachtree Street NE, Suite 2300, Atlanta, Georgia 30309 (c) Citizenship Delaware (d) Title of Class of Securities Common Stock (e) CUSIP Number 591520200 Item 3. If this statement is filed pursuant to 13d-1(b) or 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 Rule 13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 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 (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). 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: 1,676,404 (b) Percent of class: 4.5% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote 1,321,291 (ii) Shared power to vote or to direct the vote 0 (iii) Sole power to dispose or to direct the disposition of 1,676,404 (iv) Shared power to dispose or to direct the disposition of 0 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: [X] Item 6. Ownership of More than Five Percent on Behalf of Another Person. EARNEST Partners, LLC is filing as an investment adviser in accordance with 240.13d-1(b)(1)(ii)(E). No client interest relates to more than five percent of the class. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. Not Applicable Item 8. Identification and Classification of Members of the Group. Not Applicable Item 9. Notice of Dissolution of a Group Not Applicable Item 10. Certification (a) The following certification shall be included if the statement is filed pursuant to Rule 13d-1(b): 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. (b) The following certification shall be included if the statement is filed pursuant to Rule 13d-1(c): 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 correct. July 10, 2023 ---------------------------------- Date /s/ James M. Wilson ---------------------------------- Signature James M. Wilson Chief Compliance Officer ---------------------------------- Name/Title Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001) ACN/Form 13G (C) 2006: Advisor Consultant Network, Inc.

Get the next $MEI alert in real time by email

Date

Price Target

Rating

Analyst

2/25/2025

Neutral → Buy

Sidoti

4/9/2024

$12.00

Hold

Jefferies

3/7/2024

$17.00

Buy → Neutral

Sidoti

11/22/2022

$52.00

Buy

Jefferies

1/20/2022

Mkt Perform

Barrington Research

SEC Form SC 13G/A filed by Methode Electronics Inc. (Amendment)

Chat with this insight

Recent Analyst Ratings for $MEI

$MEI Press Releases

Fastest customizable press release news feed in the world

Methode Electronics' Board Approves Dividend

Methode Electronics' Grakon Business Unit Recognized as a Top Supplier by PACCAR

Methode Electronics Appoints Brad Corrodi as Chief Strategy Officer

$MEI Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

SVP Global Automotive Business Ullrich Lars bought $101,390 worth of shares (15,150 units at $6.69) (SEC Form 4)

CEO and President Degaynor Jonathan B bought $211,357 worth of shares (32,733 units at $6.46) (SEC Form 4)

Director Lindsey Mary A bought $100,108 worth of shares (8,800 units at $11.38), increasing direct ownership by 51% to 25,970 units (SEC Form 4)

$MEI Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Director Cadwallader Brian J was granted 559 units of Phantom Stock (SEC Form 4)

Director Lindsey Mary A was granted 250 units of Phantom Stock (SEC Form 4)

Director Schwabero Mark D was granted 559 units of Phantom Stock (SEC Form 4)

$MEI SEC Filings

SEC Form 10-Q filed by Methode Electronics Inc.

Methode Electronics Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

Methode Electronics Inc. filed SEC Form 8-K: Leadership Update, Other Events, Financial Statements and Exhibits

$MEI Leadership Updates

Live Leadership Updates

Methode Electronics Appoints Brad Corrodi as Chief Strategy Officer

Methode Electronics Appoints Karen Keegans as Chief Human Resources Officer

Methode Electronics Appoints Lars Ullrich as Senior Vice President, Global Automotive Business

$MEI Large Ownership Changes

This live feed shows all institutional transactions in real time.

Amendment: SEC Form SC 13G/A filed by Methode Electronics Inc.

Amendment: SEC Form SC 13G/A filed by Methode Electronics Inc.

Amendment: SEC Form SC 13G/A filed by Methode Electronics Inc.

$MEI Financials

Live finance-specific insights

Methode Electronics' Board Approves Dividend

Methode Electronics to Release Third Quarter Fiscal 2025 Results on Wednesday, March 5, 2025

Methode Electronics' Board Approves Dividend

$MEI Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

Methode Electronics upgraded by Sidoti

Jefferies initiated coverage on Methode Electronics with a new price target

Methode Electronics downgraded by Sidoti with a new price target

Recent Analyst Ratings for
$MEI

$MEI
Press Releases

$MEI
Insider Purchases

$MEI
Insider Trading

$MEI
SEC Filings

$MEI
Leadership Updates

$MEI
Large Ownership Changes

$MEI
Financials

$MEI
Analyst Ratings