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

2/14/23 8:23:14 AM ET

Office Equipment/Supplies/Services

Consumer Discretionary

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SC 13G/A 1 scs13g3rd1222.txt STEELCASE INC . - 12/31/2022 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No._3_) STEELCASE INC. ------------------------------------------------------------------------------- (Name of Issuer) Class A Common Stock ------------------------------------------------------------------------------- (Title of Class of Securities) 858155203 ------------------------------ (CUSIP Number) 12/31/2022 ------------------------------------------------------------------------------- (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. 858155203 --------- ------------------------------------------------------------------------------- 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 4,760,862 NUMBER OF ----------------------------------------------------------------- SHARES BENEFICIALLY 6 SHARED VOTING POWER 0 OWNED BY ----------------------------------------------------------------- EACH REPORTING 7 SOLE DISPOSITIVE POWER 7,176,886 PERSON WITH ----------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 0 ------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,176,886 ------------------------------------------------------------------------------- 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) 7.8% ------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) ------------------------------------------------------------------------------- IA ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Item 1 (a) Name of Issuer STEELCASE INC. (b) Address of Issuer's Principal Executive Offices 901 44TH Street SE, Grand Rapids, Michigan 49508 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 Class A Common Stock (e) CUSIP Number 858155203 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: 7,176,886 (b) Percent of class: 7.8% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote 4,760,862 (ii) Shared power to vote or to direct the vote 0 (iii) Sole power to dispose or to direct the disposition of 7,176,886 (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: [ ] 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. February 13, 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.

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Date

Price Target

Rating

Analyst

10/9/2024

Outperform

Noble Capital Markets

11/30/2022

Buy → Hold

The Benchmark Company

10/4/2022

$11.00

Neutral → Buy

Sidoti

9/15/2022

$12.00

Buy → Neutral

Sidoti

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

2/14/23 8:23:14 AM ET

$SCS

Office Equipment/Supplies/Services

Consumer Discretionary

Get the next $SCS alert in real time by email

Date

Price Target

Rating

Analyst

10/9/2024

Outperform

Noble Capital Markets

11/30/2022

Buy → Hold

The Benchmark Company

10/4/2022

$11.00

Neutral → Buy

Sidoti

9/15/2022

$12.00

Buy → Neutral

Sidoti

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

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

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Press Releases

HNI Corporation Completes Acquisition of Steelcase Inc.

HNI Corporation Announces Expiration and Final Results of Exchange Offer

HNI Corporation and Steelcase Inc. Shareholders Approve Proposals in Connection with HNI's Proposed Acquisition of Steelcase; Closing Date Anticipated to Be December 10, 2025

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Insider Trading

VP, CLO & SECRETARY Blazina Megan A returned 78,450 shares to the company and was granted 43,950 shares, closing all direct ownership in the company (SEC Form 4)

Director Williams Linda K returned 60,907 shares to the company, closing all direct ownership in the company (SEC Form 4)

SVP, Chief Financial Officer Sylvester David C returned 995,373 shares to the company and was granted 360,450 shares, closing all direct ownership in the company (SEC Form 4)

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SEC Form 15-12G filed by Steelcase Inc.

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Large Ownership Changes

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

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