# EDGAR Filing Document

**Accession Number:** 0000769520
**File Stem:** 0000899140-23-000321
**Filing Date:** 2023-2
**Character Count:** 18682
**Document Hash:** 6644f912d5f11cf558592a9aaad3ac99
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000899140-23-000321.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0000899140-23-000321

**CONFORMED SUBMISSION TYPE**: SC 13G

**PUBLIC DOCUMENT COUNT**: 6

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230213

**GROUP MEMBERS**: GEORGE S. LOENING

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MIDDLEBY Corp
- **CENTRAL INDEX KEY:** 0000769520
- **STANDARD INDUSTRIAL CLASSIFICATION:** REFRIGERATION & SERVICE INDUSTRY MACHINERY [3580]
- **IRS NUMBER:** 363352497
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-36628
- **FILM NUMBER:** 23621260

**BUSINESS ADDRESS:**
- **STREET 1:** 1400 TOASTMASTER DRIVE
- **CITY:** ELGIN
- **STATE:** IL
- **ZIP:** 60120
- **BUSINESS PHONE:** 8477413300

**MAIL ADDRESS:**
- **STREET 1:** 1400 TOASTMASTER DRIVE
- **CITY:** ELGIN
- **STATE:** IL
- **ZIP:** 60120

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MIDDLEBY CORP
- **DATE OF NAME CHANGE:** 19920703
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Select Equity Group, L.P.
- **CENTRAL INDEX KEY:** 0001592643
- **IRS NUMBER:** 463465710
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** SC 13G

**BUSINESS ADDRESS:**
- **STREET 1:** 380 LAFAYETTE STREET
- **STREET 2:** 6TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10003
- **BUSINESS PHONE:** 212 475-8335

**MAIL ADDRESS:**
- **STREET 1:** 380 LAFAYETTE STREET
- **STREET 2:** 6TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10003

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### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

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### <br>

### SCHEDULE 13G

#### Under the Securities Exchange Act of 1934

#### (Amendment No.)\*

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#### The Middleby Corporation

#### (Name of Issuer)

#### Common Stock (Title of Class of Securities) <br>596278101

#### (CUSIP Number)

#### December 31, 2022

#### (Date of Event Which Requires Filing of This Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed: <br>

☒ Rule 13d-1(b) <br> ☐ Rule 13d-1(c) <br> ☐ 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 on 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).

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| | | |
|:---|:---|:---|
| **CUSIP No. 596278101** | **SCHEDULE 13G** | **Page 2 of 6 Pages** |

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---

| | | | |
|:---|:---|:---|:---|
| **1** | **NAMES OF REPORTING PERSONS**<br>Select Equity Group, L.P. | **NAMES OF REPORTING PERSONS**<br>Select Equity Group, L.P. | **NAMES OF REPORTING PERSONS**<br>Select Equity Group, L.P. |
| **2** | **CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP**<br> (a) ☐<br> (b) ☐ | **CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP**<br> (a) ☐<br> (b) ☐ | **CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP**<br> (a) ☐<br> (b) ☐ |
| **3** | **SEC USE ONLY** | **SEC USE ONLY** | **SEC USE ONLY** |
| 4 | **CITIZENSHIP OR PLACE OF ORGANIZATION**<br>Delaware | **CITIZENSHIP OR PLACE OF ORGANIZATION**<br>Delaware | **CITIZENSHIP OR PLACE OF ORGANIZATION**<br>Delaware |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**NUMBER** <br> **OF SHARES** <br> **BENEFICIALLY** <br> **OWNED BY** <br> **EACH**<br> **REPORTING** <br> **PERSON**<br> **WITH** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**NUMBER** <br> **OF SHARES** <br> **BENEFICIALLY** <br> **OWNED BY** <br> **EACH**<br> **REPORTING** <br> **PERSON**<br> **WITH** | **5** | **SOLE VOTING POWER**<br>0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**NUMBER** <br> **OF SHARES** <br> **BENEFICIALLY** <br> **OWNED BY** <br> **EACH**<br> **REPORTING** <br> **PERSON**<br> **WITH** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**NUMBER** <br> **OF SHARES** <br> **BENEFICIALLY** <br> **OWNED BY** <br> **EACH**<br> **REPORTING** <br> **PERSON**<br> **WITH** | **6** | **SHARED VOTING POWER**<br>4,536,791 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**NUMBER** <br> **OF SHARES** <br> **BENEFICIALLY** <br> **OWNED BY** <br> **EACH**<br> **REPORTING** <br> **PERSON**<br> **WITH** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**NUMBER** <br> **OF SHARES** <br> **BENEFICIALLY** <br> **OWNED BY** <br> **EACH**<br> **REPORTING** <br> **PERSON**<br> **WITH** | **7** | **SOLE DISPOSITIVE POWER**<br>0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**NUMBER** <br> **OF SHARES** <br> **BENEFICIALLY** <br> **OWNED BY** <br> **EACH**<br> **REPORTING** <br> **PERSON**<br> **WITH** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**NUMBER** <br> **OF SHARES** <br> **BENEFICIALLY** <br> **OWNED BY** <br> **EACH**<br> **REPORTING** <br> **PERSON**<br> **WITH** | **8** | **SHARED DISPOSITIVE POWER**<br>4,536,791 |
| **9** | **AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON**<br>4,536,791 | **AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON**<br>4,536,791 | **AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON**<br>4,536,791 |
| **10** | **CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES**<br>☐ | **CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES**<br>☐ | **CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES**<br>☐ |
| **11** | **PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)**<br>8.42%\* | **PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)**<br>8.42%\* | **PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)**<br>8.42%\* |
| **12** | **TYPE OF REPORTING PERSON**<br>IA | **TYPE OF REPORTING PERSON**<br>IA | **TYPE OF REPORTING PERSON**<br>IA |

---

\* Beneficial ownership based on 53,883,522 shares of common stock outstanding as of November 4, 2022, as reported on the Issuer's Report on Form 10-Q filed with the Securities and Exchange Commission ("SEC") pursuant on November 10, 2022.

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| | | |
|:---|:---|:---|
| **CUSIP No. 596278101** | **SCHEDULE 13G** | **Page 3 of 6 Pages** |

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---

| | | | |
|:---|:---|:---|:---|
| **1** | **NAMES OF REPORTING PERSONS**<br>George S. Loening | **NAMES OF REPORTING PERSONS**<br>George S. Loening | **NAMES OF REPORTING PERSONS**<br>George S. Loening |
| **2** | **CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP**<br> (a) ☐<br> (b) ☐ | **CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP**<br> (a) ☐<br> (b) ☐ | **CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP**<br> (a) ☐<br> (b) ☐ |
| **3** | **SEC USE ONLY** | **SEC USE ONLY** | **SEC USE ONLY** |
| 4 | **CITIZENSHIP OR PLACE OF ORGANIZATION**<br>USA | **CITIZENSHIP OR PLACE OF ORGANIZATION**<br>USA | **CITIZENSHIP OR PLACE OF ORGANIZATION**<br>USA |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**NUMBER OF** <br> **SHARES** <br> **BENEFICIALLY**<br> **OWNED BY** <br> **EACH** <br> **REPORTING** <br> **PERSON**<br> **WITH** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**NUMBER OF** <br> **SHARES** <br> **BENEFICIALLY**<br> **OWNED BY** <br> **EACH** <br> **REPORTING** <br> **PERSON**<br> **WITH** | **5** | **SOLE VOTING POWER**<br>0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**NUMBER OF** <br> **SHARES** <br> **BENEFICIALLY**<br> **OWNED BY** <br> **EACH** <br> **REPORTING** <br> **PERSON**<br> **WITH** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**NUMBER OF** <br> **SHARES** <br> **BENEFICIALLY**<br> **OWNED BY** <br> **EACH** <br> **REPORTING** <br> **PERSON**<br> **WITH** | **6** | **SHARED VOTING POWER**<br>4,536,791 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**NUMBER OF** <br> **SHARES** <br> **BENEFICIALLY**<br> **OWNED BY** <br> **EACH** <br> **REPORTING** <br> **PERSON**<br> **WITH** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**NUMBER OF** <br> **SHARES** <br> **BENEFICIALLY**<br> **OWNED BY** <br> **EACH** <br> **REPORTING** <br> **PERSON**<br> **WITH** | **7** | **SOLE DISPOSITIVE POWER**<br>0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**NUMBER OF** <br> **SHARES** <br> **BENEFICIALLY**<br> **OWNED BY** <br> **EACH** <br> **REPORTING** <br> **PERSON**<br> **WITH** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**NUMBER OF** <br> **SHARES** <br> **BENEFICIALLY**<br> **OWNED BY** <br> **EACH** <br> **REPORTING** <br> **PERSON**<br> **WITH** | **8** | **SHARED DISPOSITIVE POWER**<br>4,536,791 |
| **9** | **AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON**<br>4,536,791 | **AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON**<br>4,536,791 | **AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON**<br>4,536,791 |
| **10** | **CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES**<br>☐ | **CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES**<br>☐ | **CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES**<br>☐ |
| **11** | **PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)**<br>8.42%\* | **PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)**<br>8.42%\* | **PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)**<br>8.42%\* |
| **12** | **TYPE OF REPORTING PERSON**<br>IN/HC | **TYPE OF REPORTING PERSON**<br>IN/HC | **TYPE OF REPORTING PERSON**<br>IN/HC |

---

\* Beneficial ownership based on 53,883,522 shares of common stock outstanding as of November 4, 2022, as reported on the Issuer's Report on Form 10-Q filed with the Securities and Exchange Commission ("SEC") pursuant on November 10, 2022.

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**Item 1(a) <u>Name of Issuer</u>**:

The Middleby Corporation

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| | |
|:---|:---|
| **Item 1(b)** | **<u>Address of Issuer's Principal Executive Offices</u>**: |

---

1400 Toastmaster Drive

Elgin, Illinois 60120

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**Items 2(a) <u>Name of Person Filing</u>:**

This Schedule 13G is being filed jointly by Select Equity Group, L.P., a Delaware limited partnership ("Select LP") and George S. Loening ("Loening"), who is the majority owner of Select LP and managing member of its general partner. Select LP and Loening are sometimes jointly referred to herein as the "Select Reporting Persons."

**Item 2(b) <u>Address of Principal Business Office</u>:**

The business address of each of the Select Reporting Persons is: 380 Lafayette Street, 6th Floor

New York, New York 10003

**Item 2(c) <u>Citizenship</u>:**

George S. Loening is a United States citizen.

**Item 2(d) <u>Title of Class of Securities</u>:**

Common Stock

**Item 2(e) <u>CUSIP Number</u>:**

596278101

**Item 3 <u>If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is</u>:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) ☐ Broker or dealer registered under Section 15 of the Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ☐ Bank as defined in Section 3(a)(6) of the Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) ☐ Insurance company as defined in Section 3(a)(19) of the Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) ☐ Investment company registered under Section 8 of the Investment Company Act of 1940;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) ☒ An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) ☐ An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) ☒ A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) ☐ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) ☐ A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) ☐ Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

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**Item 4 <u>Ownership</u>:**

The information required by Items 4(a)-(c), as of the date hereof, is set forth in Rows 5-11 of the cover page hereto for each Select Reporting Person and is incorporated herein by reference for each such Select Reporting Person.

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**Item 5 <u>Ownership of Five Percent or Less of a Class</u>:**

If this statement is being filed to report the fact that as of the date hereof a reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following ☐.

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**Item 6 <u>Ownership of More than Five Percent on Behalf of Another Person</u>:**

N/A

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| | |
|:---|:---|
| **Item 7** | **<u>Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the</u> <u>Parent Holding Company</u>:** |

---

See Exhibit 99.1.

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**Item 8 <u>Identification and Classification of Members of the Group</u>:**

N/A

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**Item 9 <u>Notice of Dissolution of Group</u>:**

N/A

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**Item 10 <u>Certification</u>:**

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

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#### SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

SELECT EQUITY GROUP, L.P.

By: Select Equity GP, LLC, its General Partner

By: <u>/s/ George S. Loening&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> <br>

Name: George S. Loening

Title: Managing Member

 <u>/s/ George S. Loening&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> <br>

George S. Loening, an individual

Dated: February 14, 2023

## Exhibit 99.1

<u>EXHIBIT 99.1</u>

The identity and the Item 3 classification of the relevant subsidiary are: Select Equity Group, L.P., which is an Investment Adviser in accordance with Rule 13d-1(b)(1)(ii)(E).

## Exhibit 99.2

<u>EXHIBIT 99.2</u>

<u>AGREEMENT OF REPORTING PERSONS</u>

The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the other, except to the extent that such person or entity knows or has reason to believe that such information is inaccurate. This agreement may be executed in any number of counterparts and all of such counterparts taken together shall constitute one and the same instrument.

Dated: February 14, 2023

SELECT EQUITY GROUP, L.P.

By: Select Equity GP, LLC, its General Partner

By: <u>/s/ George S. Loening&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> <br>

Name: George S. Loening

Title: Managing Member

 <u>/s/ George S. Loening&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> <br>

George S. Loening, an individual