MEC on NYSE

Mayville Engineering Company, Inc.

Mayville Engineering Company, Inc. is a metal forgings and stampings company, listed on NYSE (MEC).1

$14.09 down 0.27 (1.88%)Price as of Oct 15, 2026 at 17:33 UTC

Last updated Oct 21, 2026.

Overview

Compare with TRIMAS CORP, PARK OHIO HOLDINGS CORP or Materion, or pick any stock.

  • TickerMEC on NYSE1
  • IndustryMetal Forgings & Stampings1
  • HeadquartersMayville, Wisconsin1
  • Business address715 South Street, Mayville, Wi 530503
  • Filer categoryAccelerated filer3

Mayville Engineering Company, Inc. (MEC) is a leading U.S.-based, vertically integrated, value-added manufacturing partner providing a full suite of manufacturing solutions from concept to production, including design, prototyping and tooling, fabrication, aluminum extrusion, coating, assembly and aftermarket components. Our customers operate in diverse end markets, including heavy- and medium-duty commercial vehicles, construction & access equipment, powersports, data center & critical power, agriculture, military and other end markets. We have developed long-standing relationships with our blue-chip customers based upon our commitment to “Unmatched Excellence”. We provide a diverse set of process offerings and a one-source solution with benefits throughout the entire product lifecycle, including front-end collaboration in design and prototyping, product manufacturing, aftermarket compo…5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-0.7%Operating margin6
-1.5%Net margin6
-6.0%Revenue growth, 20256
-3.4%Return on equity6
$26.9MFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Fabrication brought in 50% of the revenue Mayville Engineering Company, Inc. broke down this way in fiscal 2025.

  1. Fabrication$281.9M650%down 8% from 2024
  2. Performance Structures$168.1M630%down 3% from 2024
  3. Tubes$71.2M613%up 2% from 2024
  4. Tank$33.2M66%down 25% from 2024
  5. Outdoor Sports$7.4M61%down 6% from 2024
Products and services by year
Products and services202320242025
Fabrication$342.7M$307.5M$281.9M
Performance Structures$136.8M$172.9M$168.1M
Tubes$76.3M$70.0M$71.2M
Tank$43.9M$44.2M$33.2M
Outdoor Sports$9.0M$7.9M$7.4M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue90¢$492.5M
  • Other costs9¢$48.1M
  • Income tax1¢$5.9M

Out of $546.5M in revenue.6 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending30¢$11.6M
  • Share buybacks12¢$4.6M
  • Kept or used elsewhere58¢$22.3M

Out of $38.6M of cash from operations.6

Financial statements

Revenue789106$546.5M in 2025+5% since 2019
0$200.0M$400.0M$600.0M2019: $519.7M$519.7M20192020: $357.6M$357.6M2020−31%2021: $454.8M$454.8M2021+27%2022: $539.4M$539.4M2022+19%2023: $588.4M$588.4M2023+9%2024: $581.6M$581.6M2024−1%2025: $546.5M$546.5M2025−6%
Operating income789106-$3.8M in 2025+96% since 2019
-$20.0M0$20.0M$40.0M$60.0M2019: -$2.0M-$2.0M20192020: -$6.5M-$6.5M2020+232%2021: -$7.4M-$7.4M2021+14%2022: $25.8M$25.8M20222023: $20.2M$20.2M2023−22%2024: $44.6M$44.6M2024+121%2025: -$3.8M-$3.8M2025
Net income789106-$8.1M in 2025+71% since 2019
-$10.0M0$10.0M$20.0M$30.0M2019: -$4.8M-$4.8M20192020: -$7.1M-$7.1M2020+49%2021: -$7.5M-$7.5M2021+5%2022: $18.7M$18.7M20222023: $7.8M$7.8M2023−58%2024: $26.0M$26.0M2024+231%2025: -$8.1M-$8.1M2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2025-12-312024-12-312023-12-31
Net sales$546.5M$581.6M$588.4M
Cost of sales$492.5M$510.5M$518.7M
Amortization of intangible assets$9.7M$6.9M$7.7M
Bonuses and deferred compensation$8.7M$13.6M$11.6M
Other selling, general and administrative expenses$39.4M$31.5M$30.2M
Gain on lawsuit settlement$25.5M
Income (loss) from operations-$3.8M$44.6M$20.2M
Interest expense-$10.2M-$11.0M-$11.1M
Loss on extinguishment of debt-$216.0K
Income (loss) before taxes-$14.1M$33.6M$8.9M
Income tax expense (benefit)-$5.9M$7.6M$1.0M
Net income (loss) and comprehensive income (loss)-$8.1M$26.0M$7.8M
Basic-$0.40$1.26$0.38
Diluted-$0.40$1.24$0.38
Basic20.5M shares20.6M shares20.4M shares
Diluted20.5M shares21.0M shares20.7M shares

Compare Mayville Engineering Company, Inc. with another company

Corporate structure

Mayville Engineering Company, Inc. sits at the top of its group. 10 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Mayville Engineering Company, Inc.

  • Mayville Engineering Company, Inc. Mayville, Wisconsin
    • Accu-Fab, LLC. Subsidiary · Illinois, United States
    • Center Manufacturing Holdings, Inc. Subsidiary · Delaware, United States
    • Center Manufacturing, Inc. Subsidiary · Delaware, United States
    • Center – Moeller Products LLC Subsidiary · Delaware, United States
    • Defiance Metal Products Co. Subsidiary · Ohio, United States
    • Defiance Metal Products of Arkansas, Inc. Subsidiary · Arkansas, United States
    • Defiance Metal Products of PA., Inc. Subsidiary · Pennsylvania, United States
    • Defiance Metal Products of WI, Inc. Subsidiary · Wisconsin, United States
    • Mid-States Aluminum, LLC Subsidiary · Wisconsin, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Mayville Engineering Company, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$451.7M6 Dec 31, 2025$427.4M6 Dec 31, 2024+5.7%
Accumulated depreciation$301.7M6 Dec 31, 2025$270.8M6 Dec 31, 2024+11.4%
Property and equipment, net$150.0M6 Dec 31, 2025$156.5M6 Dec 31, 2024−4.2%
Finance-lease assets$3.3M6 Dec 31, 2025$748.0K6 Dec 31, 2024+336.4%
Operating-lease assets (leased space)$30.5M6 Dec 31, 2025$28.6M6 Dec 31, 2024+6.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.5M6 Dec 31, 2025$206.0K6 Dec 31, 2024+629.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$140.2M6 Dec 31, 2025$92.7M6 Dec 31, 2024+51.4%
Intangible assets, net (excluding goodwill)$111.3M6 Dec 31, 2025$51.7M6 Dec 31, 2024+115.1%
Indefinite-lived intangibles (excluding goodwill)$3.8M6 Dec 31, 2025$3.8M6 Dec 31, 20240%
Finite-lived intangibles, gross$185.0M6 Dec 31, 2025$124.5M6 Dec 31, 2024+48.5%
Accumulated amortization$77.5M6 Dec 31, 2025$76.6M6 Dec 31, 2024+1.2%
Finite-lived intangibles, net$107.5M6 Dec 31, 2025$47.9M6 Dec 31, 2024+124.3%

Inventory

ItemLatestA year beforeChange
Inventory, total$59.4M6 Dec 31, 2025$54.8M6 Dec 31, 2024+8.5%
Raw materials$18.9M6 Dec 31, 2025$19.4M6 Dec 31, 2024−2.6%
Work in process$10.6M6 Dec 31, 2025$9.4M6 Dec 31, 2024+12.1%
Finished goods$30.0M6 Dec 31, 2025$26.0M6 Dec 31, 2024+15.5%

Properties, in its own words

We maintain owned and leased manufacturing and office facilities throughout the U.S. The Company’s corporate office is located in Milwaukee, Wisconsin. We believe that our facilities are sufficient to meet our current and near-term manufacturing needs.

Approximate

The rest of Item 2

Facility · Description of Use · Square Feet · Ownership

1. Mayville, WI · Manufacturing · 340,000 · Owned

2. Beaver Dam, WI · Manufacturing · 303,000 · Owned

3. Fond du Lac, WI · Manufacturing · 299,000 · Owned

4. Hazel Park, MI · Manufacturing · 263,000 · (1) · Leased

5. Defiance, OH · Manufacturing · 250,000 · Owned

6. Defiance, OH · Manufacturing · 192,000 · Owned

7. Heber Springs, AR · Manufacturing · 190,000 · Owned

8. Bedford, PA · Manufacturing · 181,000 · Leased

9. Mayville, WI · Manufacturing · 167,000 · Owned

10. Beaver Dam, WI · Manufacturing · 163,000 · Owned

11. Wautoma, WI · Held for Sale · 157,000 · (2) · Owned

12. Atkins, VA · Manufacturing · 150,000 · Owned

13. Byron Center, MI · Manufacturing · 138,000 · Leased

14. Raleigh, NC · Manufacturing · 104,799 · Leased

15. Defiance, OH · Manufacturing · 90,000 · Leased

16. Greenville, MS · Manufacturing · 76,000 · Leased

17. Wayland, MI · Manufacturing · 75,000 · Leased

18. Wheeling, IL · Manufacturing · 59,745 · Leased

19. Neillsville, WI · Manufacturing · 58,000 · Owned

20. Vanderbilt, MI · Manufacturing · 50,000 · Owned

21. Neillsville, WI · Manufacturing · 42,000 · Owned

22. Vanderbilt, MI · Manufacturing · 40,000 · Owned

23. Piedmont, MI · Manufacturing · 34,000 · Leased

24. Wheeling, IL · Manufacturing · 20,200 · Leased

25. Milwaukee, WI · Corporate Headquarters · 17,000 · Leased

26. Raleigh, NC · Manufacturing · 9,200 · Leased

27. Fond du Lac, WI · Manufacturing · — · (3) · Owned

TOTAL · 3,468,944

(1) · Excludes approximately 182,000 square feet of subleased manufacturing space starting in June 2022.

(2) · Facility held for sale as of December 31, 2025.

(3) · Excludes approximately 23,000 square feet of owned manufacturing space that is leased to a non-related party starting in September 2023.

Item 2 of the 10-K filed Mar 4, 2026.5

Leadership

Who has led Mayville Engineering Company, Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (17)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Accu-Fab, LLC. Illinois4
  • Center Manufacturing Holdings, Inc. Delaware4
  • Center Manufacturing, Inc. Delaware4
  • Center – Moeller Products LLC Delaware4
  • Defiance Metal Products Co. Ohio4
  • Defiance Metal Products of Arkansas, Inc. Arkansas4
  • Defiance Metal Products of PA., Inc. Pennsylvania4
  • Defiance Metal Products of WI, Inc. Wisconsin4
  • Mid-States Aluminum, LLC Wisconsin4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Aug 4, 20268-K Results of operations37
  2. May 21, 20268-K Entered a material agreement; Regulation FD disclosure38
  3. May 5, 20268-K Results of operations39
  4. Apr 23, 20268-K Shareholder vote40
  5. Mar 3, 20268-K Results of operations41
  6. Feb 26, 20268-K Entered a material agreement; New debt or obligation42
  7. Nov 4, 20258-K Results of operations43
  8. Sep 15, 20258-K Financial statements and exhibits44
  9. Aug 5, 20258-K Results of operations45
  10. Jul 24, 20258-K Executive or director change46
  11. Jul 1, 20258-K Completed an acquisition or sale47
  12. Jun 27, 20258-K Entered a material agreement; New debt or obligation48
  13. Jul 20, 2022New chief executive Jagadeesh A. Reddy becomes CEO14
  14. May 8, 2019New chief executive Robert D. Kamphuis becomes CEO15

Calendar

Coming up

  1. Nov 3, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.13) a share, on Nov 4, 2025.49

When it reported results

  1. Aug 4, 2026Reported quarterly or annual results37
  2. May 5, 2026Reported quarterly or annual results39
  3. Mar 3, 2026Reported quarterly or annual results41
  4. Nov 4, 2025Reported quarterly or annual results43
  5. Aug 5, 2025Reported quarterly or annual results45
  6. May 6, 2025Reported quarterly or annual results50
  7. Mar 4, 2025Reported quarterly or annual results51
  8. Nov 5, 2024Reported quarterly or annual results52

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

241 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 45 major events, 131 insider forms, 15 large holders, 30 other. The latest 20:

  1. Aug 7, 20264 EDGAR
  2. Aug 6, 2026144 EDGAR
  3. Aug 6, 2026144 EDGAR
  4. Aug 6, 2026SCHEDULE 13G EDGAR
  5. Aug 5, 202610-Q EDGAR
  6. Aug 4, 20268-K EDGAR
  7. Jul 8, 2026SCHEDULE 13G/A EDGAR
  8. Jun 18, 202611-K EDGAR
  9. Jun 12, 20264 EDGAR
  10. Jun 11, 2026144 EDGAR
  11. Jun 10, 20264 EDGAR
  12. Jun 8, 2026144 EDGAR
  13. Jun 3, 20264/A EDGAR
  14. Jun 2, 20264 EDGAR
  15. Jun 1, 2026144 EDGAR
  16. May 28, 2026SCHEDULE 13G EDGAR
  17. May 27, 20264 EDGAR
  18. May 26, 20264 EDGAR
  19. May 21, 20268-K EDGAR
  20. May 20, 2026424B5 EDGAR

The 241 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

32 open-market trades by officers, directors and large owners since October 2021: 20 buys and 12 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 6, 2026Leuba Sean PSVP, GC & SecretarySale12,855$25.44$327.0KForm 4
Jun 11, 2026Reddy Jagadeesh APresident & CEOSale15,688$35.05$549.9KForm 4
Jun 8, 2026Reddy Jagadeesh APresident & CEOSale1,300$35.01$45.5KForm 4
Jun 1, 2026Reddy Jagadeesh APresident & CEOSale17,294$30.00$518.8KForm 4
Jun 1, 2026Reddy Jagadeesh APresident & CEOSale17,942$30.00$538.3KForm 4
May 26, 2026Raber Ryan FEVP - Strategy, Sales & MktgSale20,000$26.00$520.0KForm 4
May 21, 2026Nichols Craig DSVP, Operations & Supply ChainSale4,000$23.24$93.0KForm 4
May 7, 2026Reddy Jagadeesh APresident & CEOSale21,796$25.93$565.1KForm 4
Mar 5, 2026Leuba Sean PSVP, GC & SecretarySale9,198$19.15$176.2KForm 4
Dec 11, 2025Fisher Steven LDirectorSale10,000$19.11$191.1KForm 4
Nov 25, 2025Raber Ryan FEVP - Strategy, Sales & MktgSale15,000$16.68$250.2KForm 4
Aug 11, 2025Leuba Sean PSVP, GC & SecretaryBuy500$13.56$6.8KForm 4
Aug 8, 2025Lehr Rachele MarieChief Financial OfficerBuy1,400$14.08$19.7KForm 4
Aug 7, 2025Reddy Jagadeesh APresident & CEOBuy7,500$14.06$105.5KForm 4
Mar 12, 2025Reddy Jagadeesh APresident & CEOBuy380$13.75$5.2KForm 4
Mar 6, 2025Leuba Sean PSVP, GC & SecretaryBuy1,000$14.18$14.2KForm 4
Nov 7, 2024Butz Todd MChief Financial OfficerBuy1,272$15.79$20.1KForm 4
Nov 7, 2024Lehr Rachele MarieChief Financial OfficerBuy1,500$15.90$23.9KForm 4
Nov 7, 2024Reddy Jagadeesh APresident & CEOBuy5,903$16.72$98.7KForm 4
Nov 7, 2024Leuba Sean PSVP, GC & SecretaryBuy1,000$16.13$16.1KForm 4

All 32 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Portolan Capital Management, LLC1,299,256$48.7M1.8%+478,120
Fmr LLC1,280,170$48.0M0.0%+1,275,909
BlackRock, Inc.1,183,443$44.3M0.0%+301,589
Allspring Global Investments Holdings, LLC1,072,916$37.8M0.1%−927,434
Driehaus Capital Management LLC846,354$31.7M0.2%New
Summit Partners Public Asset Management, LLC800,000$30.0M0.8%New
Dimensional Fund Advisors LP782,276$29.3M0.0%−143,940
Royce & Associates LP752,083$28.2M0.2%+1,082
Vanguard Capital Management LLC743,621$27.9M0.0%+148,683
First Eagle Investment Management, LLC739,150$27.7M0.0%+335,075
Boston Partners696,429$25.8M0.0%+463,792
Jupiter Topco LLC575,278$21.5M0.0%New
Blair William & Co/il546,714$20.5M0.1%−18,586
Wellington Management Group Llp477,583$17.9M0.0%New
EVR Research LP441,908$16.6M8.2%−178,092
Geode Capital Management, LLC374,578$14.0M0.0%+38,743
Jane Street Group, LLC356,151$13.3M0.0%New
Jpmorgan Chase & Co347,224$13.0M0.0%+341,743
Kennedy Capital Management LLC336,377$12.6M0.2%+229,586
Ophir Asset Management Pty Ltd326,699$12.2M1.0%New
Granahan Investment Management, LLC324,108$12.1M0.4%−63,362
Silvercrest Asset Management Group LLC313,943$11.8M0.1%+44,262
State Street Corp291,168$10.9M0.0%+5,318
Nuveen, LLC281,914$10.6M0.0%+234,496
Bank Of America Corp /de/276,317$10.4M0.0%+92,718

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Mayville Engineering Company, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMayville Engineering Company, Inc.1
  • CIK0001766368
  • Employer ID (EIN)39-09447295
  • Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
  • Incorporated inWisconsin5
  • Fiscal year endsDecember 311
  • Industry code (SIC)3460 Metal Forgings & Stampings1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address715 South Street, Mayville, WI 530501
  • Phone920-387-45001
  • Shares outstanding25,500,331 as of Jul 31, 202612
  • Public float$315.3M as of Jun 30, 20255
  • AuditorDeloitte & Touche LLP, Milwaukee, Wisconsin PCAOB ID 34; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceFeb 8, 20191
  • Filings407 in all: 4 (192), 8-K (66), 10-Q (23), 3 (22), 4/A (14), SC 13G/A (8), 10-K (7), 11-K (7)1
    All 33 form types

    CORRESP (7), DEF 14A (7), UPLOAD (7), 144 (6), ARS (4), SC 13G (4), SCHEDULE 13G/A (4), S-8 (3), SCHEDULE 13G (3), 10-K/A (2), 424B5 (2), 8-K/A (2), DEFA14A (2), DRSLTR (2), EFFECT (2), S-1/A (2), 11-K/A (1), 424B4 (1), 8-A12B (1), CERT (1), DRS (1), DRS/A (1), S-1 (1), S-3 (1), S-3/A (1)

  • Latest filingsAnnual report (10-K) Mar 4, 2026
    Quarterly report (10-Q) Aug 5, 2026
    Proxy statement (DEF 14A) Mar 10, 2026
    Latest 8-K (8-K) Aug 4, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, no par valueMECNew York Stock Exchange

From the cover page of the 10-K filed Mar 4, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks Mayville Engineering Company, Inc. names in Item 1A of its 10-K filed Mar 4, 2026: 34 risks under these headings, as written.5

  • Risks Related to Our Business
  • Macroeconomic conditions could have a material adverse impact on our business, financial condition, cash flows and results of operations.
  • We are affected by developments in the industries in which our customers operate.
  • Most of our customers do not commit to long-term production schedules, which makes it difficult for us to schedule production accurately and achieve maximum efficiency of our manufacturing capacity.
  • We may be unable to realize net sales represented by our awarded business, which could materially and adversely impact our business, financial condition, results of operations and cash flows.
  • Failure to compete successfully in our markets could materially adversely affect our business, financial condition, results of operations or prospects.
  • We may not be able to maintain our manufacturing, engineering and technological expertise.
  • We are dependent on a limited number of large customers for current and future net sales. The loss of any of these customers or the loss of market share by these customers could materially adversely affect our business, financial condition, results of operations and cash flows.
  • Entering new markets, either organically or via acquisition, poses new competitive threats and commercial risks.
  • We depend on our key executive officers, managers, and trade-skilled personnel and may have difficulty retaining and recruiting qualified employees. Moreover, we operate in competitive labor markets, which may also impact our ability to hire and retain employees at our facilities.
  • Macroeconomic conditions impacting data center & critical power end-market demand could have a material adverse impact on our business, financial condition, results of operations and cash flows.
  • Availability of, and volatility in the prices of, raw materials and energy prices and our ability to pass along increased costs to our customers could adversely affect our results of operations.
The other 23 risks
  • Our manufacturing operations are dependent upon third-party suppliers, making us vulnerable to supply shortages.
  • Our growth strategy includes acquisitions, and we may not be able to identify attractive acquisition targets or successfully integrate acquired targets without impacting our business.
  • The impact of foreign trade relations and associated tariffs, as well as our reliance on international suppliers for certain raw materials, could adversely impact our business.
  • Geopolitical and economic developments could adversely affect our business.
  • Increases in the cost of employee benefits could impact our financial results and cash flows.
  • If we fail to develop new and innovative processes or if customers in our market do not accept them, our results would be negatively affected.
  • We are dependent on information technology and our systems and infrastructure face certain risks, including cybersecurity risks and data leakage risks.
  • We may incur additional expenses and delays due to technical problems or other interruptions at our manufacturing facilities.
  • The risks associated with climate change, as well as climate change legislation and regulations, could adversely affect our operations and financial condition.
  • Our manufacturing, painting and coating operations are subject to environmental, health and safety laws and regulations that could result in liabilities to us.
  • If our manufacturing processes do not comply with applicable statutory and regulatory requirements, or if we manufacture components containing manufacturing defects, demand for our capabilities may decline and we may be subject to liability claims.
  • Adverse judgments or settlements in legal disputes, including product liability, intellectual property infringement and other claims, could result in materially adverse monetary damages or injunctive relief and damage our business and/or our reputation.
  • Any failure to protect our customers’ intellectual property that we use in the products we manufacture for them could harm our customer relationships and subject us to liability.
  • Compliance or the failure to comply with regulations and governmental policies could cause us to incur significant expense.
  • Because our industry is capital intensive and we have significant fixed and semi-fixed costs, our profitability is sensitive to changes in volume.
  • Prior to the completion of our initial public offering we were 100% owned by the Mayville Engineering Company, Inc. Employee Stock Ownership Plan (ESOP), which is a retirement plan intended to be tax-qualified. If the ESOP fails to meet the requirements of a tax-qualified retirement plan, we could be subject to substantial penalties.
  • Risks Related to Our Indebtedness
  • Our Amended and Restated Credit Agreement, as amended, restricts our ability and the ability of our subsidiaries to engage in some business and financial transactions.
  • We are able to incur additional debt, which could reduce our ability to satisfy our current obligations under our existing indebtedness.
  • Risks Related to Ownership of Our Common Stock
  • Your ability to influence corporate matters may be limited because the ESOP and our 401(k) plan own a substantial amount of our stock and continue to have significant influence over us, which may limit your ability to influence the outcome of important transactions, including a change in control.
  • The Trustees of the ESOP and the 401(k) Plan may have the power to vote a large block of shares on matters presented to shareholders for approval.
  • The market price of our common stock may be volatile, and you could lose all or part of your investment.
  • We do not expect to declare any dividends in the foreseeable future.
  • Some provisions of Wisconsin law and our articles of incorporation and bylaws could make a merger, tender offer or proxy contest difficult, thereby depressing the trading price of our common stock.

Legal proceedings

From time to time, we may be a party to litigation and subject to claims incident to the ordinary course of business. Regardless of the outcome, litigation can have an adverse impact on us because of defense and settlement costs, diversion of management resources and other factors. Also see Note 9 – Commitments and Contingencies in the Notes to Consolidated Financial Statements for additional information.

The opening of Item 3, Legal Proceedings.5

Sources

The numbers on this page point here. Each one links to the record it came from.

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  54. 54
  55. 55
  56. 56
  57. 57
  58. 58
  59. 59