Jbt Marel Corporation
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A global food and beverage technology company, JBT Marel builds the machinery that processes, prepares, and packages everything from poultry, beef, and seafood to dairy, bakery goods, and pet food, and supports that gear with aftermarket parts and service. Its roots run deep: it traces back to 1884, when orchardist John Bean invented a spray pump that helped spawn the Food Machinery Corporation, which was spun off in 2008 as JBT and then merged with Iceland's Marel in early 2025. Fun fact: Marel itself began in 1983 in Reykjavík with scales designed to weigh fish accurately on a pitching boat deck.
0.25% Convertible Senior Notes due 2026
Item 4 of the Schedule 13D is hereby amended and supplemented as follows: On March 27, 2025, at the annual general meeting of the shareholders of the Reporting Person, the shareholders of the Reporting Person (the "Shareholders") approved a capital reduction (the "Capital Reduction") involving a pro rata in-kind distribution by the Reporting Person of an aggregate of 3,032,714 shares of the Common Stock of the Issuer to the Shareholders. On March 28, 2025, the Capital Reduction was registered with the Icelandic Register of Enterprises. The consummation of the Capital Reduction is expected to occur on or about April 3, 2025.
| Holder | Schedule | % of class | Shares | Filed |
|---|---|---|---|---|
| T. Rowe Price Associates, Inc. | 13GPassive | 5.3% | 2.75M | May 15, 2026 |
| Vanguard Capital Management | 13GPassive | 5.24% | 2.73M | Apr 30, 2026 |
| Vanguard Portfolio Management | 13GPassive | 5.47% | 2.85M | Apr 29, 2026 |
| The Vanguard Group | 13G/APassive | 0% | 0 | Mar 27, 2026 |
| BlackRock, Inc. | 13G/APassive | 14.5% | 7.52M | Jan 21, 2026 |
| Eyrir Invest hf. | 13D/AActivist | 0.5% | 284.9K | Mar 28, 2025 |
Item 4 of the Schedule 13D is hereby amended and supplemented as follows: On March 27, 2025, at the annual general meeting of the shareholders of the Reporting Person, the shareholders of the Reporting Person (the "Shareholders") approved a capital reduction (the "Capital Reduction") involving a pro rata in-kind distribution by the Reporting Person of an aggregate of 3,032,714 shares of the Common Stock of the Issuer to the Shareholders. On March 28, 2025, the Capital Reduction was registered with the Icelandic Register of Enterprises. The consummation of the Capital Reduction is expected to occur on or about April 3, 2025. | ||||