Mayville Engineering Company, Inc. (MEC) company profile
Close on Nov 13, 2026Market cap $326.91MP/E –Yield –
About Mayville Engineering
Metal Forgings & Stampings, SIC 3460
Mayville Engineering Company, Inc. (MEC) is a vertically integrated, value-added manufacturing partner that supplies custom engineered components and assemblies. The company provides complete lifecycle solutions ranging from design, prototyping, and tooling to metal stamping, fabrication, tube bending, aluminum extrusion, coating, assembly, and aftermarket components. Its capabilities also encompass robotic welding, fiber laser cutting, and specialized painting. MEC serves original equipment manufacturers (OEMs) across multiple end markets, including heavy- and medium-duty commercial vehicles, construction and access equipment, powersports, agriculture, military, and data center and critical power infrastructure.
Headquartered in Milwaukee, Wisconsin, the company conducts its operations in the United States. Its manufacturing presence spans 27 facilities across nine states, with 25 locations actively operating to provide approximately three and a half million square feet of production capacity. The company employs roughly 2,400 people.
Summary of the business section of Mayville Engineering's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Mayville Engineering Company, Inc.
- Founded
- 1945
- Headquarters
- Mayville, WI
- Address
- 715 South Street 53050
- Phone
- (920) 387-4500
- Website
- mecinc.com
- Employees
- 2,400, Dec 31, 2025
- Industry
- Metal Forgings & Stampings
- Fiscal year ends
- December 31
- Auditor
- Deloitte& Touche LLP, Milwaukee, Wisconsin
Stock & identifiers
- Ticker
- MEC
- Exchange
- NYSE
- IPO date
- May 10, 2019
- Shares outstanding
- 26M, Jul 31, 2026
- Public float
- $315.26M, Jun 30, 2025
- Filer category
- Accelerated filer
- SEC CIK
- 1766368
- CUSIP
- 578605107
- ISIN
- US5786051079
- FIGI
- BBG0018XDT80
- Share class FIGI
- BBG001TFSDY6
- LEI
- 9845008D43E42A7FC362
- EIN
- 39-0944729
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Jagadeesh A. Reddy | President & CEO, Director | 126,785 |
| Sean P. Leuba | SVP, GC & Secretary | 6,633 |
| Ryan F. Raber | EVP - Strategy, Sales & Mktg | 113,257 |
| Craig D. Nichols | SVP, Operations & Supply Chain | 1,280 |
| Rachele Marie Lehr | Chief Financial Officer | 30,529 |
| Todd M. Butz | Chief Financial Officer | 214,741 |
| Christine M. Schyvinck | Director | – |
| Jennifer J. Kent | Director | 24,982 |
| Steven L. Fisher | Director | 55,897 |
| Robert L. McCormick | Director | 29,078 |
| Jay O. Rothman | Director | 24,721 |
| Tania Wingfield | Director | 5,949 |
| Timothy L. Christen | Director | 153,804 |
| Allen J. Carlson | Director | 74,882 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $3.18M | $2.48M | $1.14M | $139 | $131 |
| FY2024 | $3.69M | $4.27M | $1.92M | $117 | $126 |
| FY2023 | $2.96M | $2.82M | $1.80M | $107 | $118 |
| FY2022 Jagadeesh Jag A.Reddy | $1.27M | $1.84M | $1.69M | $94 | $103 |
| FY2022 Robert D.Kamphuis | $1.42M | -$1.35M | $1.69M | $94 | $103 |
| FY2021 | $3.92M | $5.05M | $1.40M | $111 | $125 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Stock awards | Other | Total | vs. prior year |
|---|---|---|---|---|---|
| Jagadeesh (Jag) A. Reddy President and Chief Executive Officer | $736.45K | $2.38M | $66.84K | $3.18M | -14% |
| Rachele. M. Lehr Chief Financial Officer (5) | $420.00K | $500.00K | $10.50K | $930.50K | -17% |
| Ryan F. Raber Executive Vice President, Strategy, Sales & Marketing | $473.80K | $1.07M | $10.50K | $1.56M | -18% |
| Sean P. Leuba Senior Vice President, General Counsel and Secretary | $411.00K | $400.00K | $1.38K | $812.38K | -28% |
| Craig D. Nichols Senior Vice President, Operations and Supply Chain (4) | $415.00K | $500.00K | $184.65K | $1.10M | – |
| Todd M. Butz Former Chief Financial Officer (5) | $247.83K | – | $1.05M | $1.30M | -33% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
IPO
From the final prospectus (Form 424B4) and the first day of trading
Offering
- Type
- Initial public offering
- Final prospectus filed
- May 10, 2019
- Offer price
- $17.00
- Securities offered
- 6,250,000
- Gross proceeds
- $106.25M
- Exchange
- NYSE
- First trading day
- May 9, 2019
- First-day close
- $16.47-3.1%
- Lock-up ends (est.)
- Nov 5, 2019
“Per Share Total Initial public offering price $ 17.000 $ 106,250,000 Underwriting discounts and commissions (1) $ 1.105 $ 6,906,250 Proceeds to us, before expenses $ 15.895 $ 99,343,750 (1) We have agreed to reimburse the underwriters for certain expenses.”
Lock-up end is estimated as 180 days after the first trading day; the prospectus sets the actual terms.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we had approximately 2,400 full-time employees, approximately 1,900 of whom are production employees.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Jul 1, 2025 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Jul 5, 2023 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| May 10, 2019 | IPO | Initial public offering priced (424B4 prospectus) |
| May 3, 2019 | Listing | Registration of securities on an exchange (Form 8-A) |
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