Ameriprise Financial, Inc. Acquires 5.6% Passive Stake in Methode Electronics, Inc.

On May 15, 2026, Ameriprise Financial, Inc. (AFI) filed a Schedule 13G with the SEC, reporting a new 5.6% passive ownership stake in Methode Electronics, Inc. (MEI). As of the event date on March 31, 2026, Ameriprise Financial and its subsidiary, Columbia Management Investment Advisers, LLC (CMIA), beneficially own 1,979,281 shares of common stock. The filing indicates that the shares are held in the ordinary course of business by CMIA, an investment adviser, with AFI acting as the parent holding company. Both reporting entities share voting and dispositive power over the total reported shares. This position represents a significant increase from a zero-percent previous ownership level. The filing includes the required certifications that the acquisition was not intended to influence or change the control of the issuer. The total value of the position is estimated at approximately $20.84 million based on the reported share count.