Ameriprise Financial, Inc. Reports New 5.6% Stake in Methode Electronics, Inc.

Ameriprise Financial, Inc. (AFI) and its subsidiary, Columbia Management Investment Advisers, LLC (CMIA), filed a Schedule 13G on May 15, 2026, reporting a new 5.6% stake in Methode Electronics, Inc. (MEI). As of the event date on March 31, 2026, the reporting persons collectively hold 1,979,281 shares of Common Stock. The filing indicates that AFI, as the parent company of CMIA, may be deemed to beneficially own the shares reported by CMIA. Both entities reported shared voting and shared dispositive power over the full amount of shares, while disclaiming beneficial ownership of the reported securities. The acquisition was made in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer. This filing marks an increase from a previous ownership level of 0.0%, establishing a significant minority position in the Southfield, Michigan-based manufacturer of electronic components.