SEC Form SC 13G filed by TriMas Corporation

2/14/24 1:28:39 PM ET

Industrial Specialties

Industrials

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SC 13G 1 TriMas23mod.txt 13G TRIMAS DECEMBER 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 7)* TriMas Corp. (Name of Issuer) COMMON STOCK NO PAR VALUE (Title of Class of Securities) 896215209 (CUSIP Number) DECEMBER 31, 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) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 896215209 -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Fiduciary Management, Inc. 39-1346018 -------------------------------------------------------------------------------- 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 790 N. Water Street Suite 2100 Milwaukee, WI 53202 United States -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 2,801,589 BENEFICIALLY ---------------------------------------------------- OWNED BY 6 SHARED VOTING POWER EACH REPORTING ---------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH 3,106,943 ---------------------------------------------------- 8 SHARED DISPOSITIVE POWER -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 3,106,943 -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 7.50% -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) IA -------------------------------------------------------------------------------- Item 1. (a) TriMas Corp. (b) 39400 Woodward Avenue Suite 130 Bloomfield Hills, MI 48304 United States Item 2. (a) Fiduciary Management, Inc. (b) 790 N. Water Street Suite 2100 Milwaukee, WI 53202 United States (c) Wisconsin (d) Common Stock (e) 896215209 Item 3. (a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). (e) [ X ] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act; (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 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(J). Item 4. Ownership. (a) Amount beneficially owned: 3,106,943 (b) Percent of class: 7.50% (c) Number of shares as to which the person has: 3,106,943 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 [ ]. Instruction: Dissolution of a group requires a response to this item. Item 6. Ownership of More than Five Percent on Behalf of Another Person. Fiduciary Management, Inc. is an Investment Adviser registered under the Investment Advisers Act of 1940. Its Principal Business is to provide investment advisory services to institutions and individuals. The shares to which this statement relates are owned directly by various accounts managed by Fiduciary Management, Inc. Such accounts have the right to receive dividends from, and the proceeds from the sale of, the shares. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. Item 8. Identification and Classification of Members of the Group Item 9. Notice of Dissolution of Group Item 10. Certification 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. Date: February 14, 2024 Jessica P. Taske Vice President Fiduciary Management, Inc.

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Date

Price Target

Rating

Analyst

8/13/2025

$45.00

Sector Weight → Overweight

KeyBanc Capital Markets

5/22/2023

$40.00

Buy

BWS Financial

10/28/2022

Outperform → Mkt Perform

William Blair

SEC Form SC 13G filed by TriMas Corporation

2/14/24 1:28:39 PM ET

$TRS

Industrial Specialties

Industrials

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Date

Price Target

Rating

Analyst

8/13/2025

$45.00

Sector Weight → Overweight

KeyBanc Capital Markets

5/22/2023

$40.00

Buy

BWS Financial

10/28/2022

Outperform → Mkt Perform

William Blair

SEC Form SC 13G filed by TriMas Corporation

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Recent Analyst Ratings for
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SEC Form SC 13G filed by TriMas Corporation

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Recent Analyst Ratings for
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Insider Trading

Director Tredwell Daniel P bought $2,522 worth of shares (62 units at $40.58), increasing direct ownership by 0.10% to 63,458 units (SEC Form 4)

General Counsel and Secretary Robin Jodi F. sold $206,495 worth of shares (5,000 units at $41.30), decreasing direct ownership by 13% to 34,191 units (SEC Form 4)

SEC Form 4 filed by Sedaghat Shawn

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Press Releases

TriMas Reports First Quarter 2026 Results

TriMas Declares Quarterly Dividend

Trimas Announces First Quarter 2026 Earnings Conference Call Date

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Insider Purchases

Director Tredwell Daniel P bought $2,522 worth of shares (62 units at $40.58), increasing direct ownership by 0.10% to 63,458 units (SEC Form 4)

Director Tredwell Daniel P bought $2,354 worth of shares (60 units at $39.38), increasing direct ownership by 0.10% to 60,543 units (SEC Form 4)

Director Tredwell Daniel P bought $2,351 worth of shares (74 units at $31.94), increasing direct ownership by 0.12% to 60,483 units (SEC Form 4)

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SEC Filings

SEC Form SD filed by TriMas Corporation

TriMas Corporation filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders

SEC Form 10-Q filed by TriMas Corporation

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Analyst Ratings

Trimas upgraded by KeyBanc Capital Markets with a new price target

BWS Financial initiated coverage on Trimas with a new price target

Trimas downgraded by William Blair

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Leadership Updates

TriMas Announces New Chief Financial Officer

TriMas Appoints Thomas Snyder President and Chief Executive Officer

TriMas Announces Appointment of Shawn Sedaghat to Board of Directors

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Financials

TriMas Reports First Quarter 2026 Results

TriMas Declares Quarterly Dividend

Trimas Announces First Quarter 2026 Earnings Conference Call Date

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Large Ownership Changes

SEC Form SC 13D filed by TriMas Corporation