0000897069-20-000072.txt : 20200206 0000897069-20-000072.hdr.sgml : 20200206 20200206122821 ACCESSION NUMBER: 0000897069-20-000072 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20200206 DATE AS OF CHANGE: 20200206 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Macy's, Inc. CENTRAL INDEX KEY: 0000794367 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-DEPARTMENT STORES [5311] IRS NUMBER: 133324058 STATE OF INCORPORATION: DE FISCAL YEAR END: 0201 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-55193 FILM NUMBER: 20581936 BUSINESS ADDRESS: STREET 1: 7 WEST SEVENTH STREET CITY: CINCINNATI STATE: OH ZIP: 45202 BUSINESS PHONE: 5135797000 MAIL ADDRESS: STREET 1: 7 W SEVENTH ST CITY: CINCINNATI STATE: OH ZIP: 45202 FORMER COMPANY: FORMER CONFORMED NAME: FEDERATED DEPARTMENT STORES INC /DE/ DATE OF NAME CHANGE: 19950307 FORMER COMPANY: FORMER CONFORMED NAME: R H MACY & CO INC DATE OF NAME CHANGE: 19950307 FORMER COMPANY: FORMER CONFORMED NAME: MACY ACQUIRING CORP DATE OF NAME CHANGE: 19861124 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: YACKTMAN ASSET MANAGEMENT LP CENTRAL INDEX KEY: 0000905567 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 455501824 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 6300 BRIDGEPOINT PARKWAY STREET 2: BUILDING ONE, STE 500 CITY: AUSTIN STATE: TX ZIP: 78730 BUSINESS PHONE: 5127676700 MAIL ADDRESS: STREET 1: 6300 BRIDGEPOINT PARKWAY STREET 2: BUILDING ONE, STE 500 CITY: AUSTIN STATE: TX ZIP: 78730 FORMER COMPANY: FORMER CONFORMED NAME: YACKTMAN ASSET MANAGEMENT CO/IL DATE OF NAME CHANGE: 19970213 SC 13G 1 cmw178.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. __)*

Macy’s, Inc.
(Name of Issuer)

Common Stock
(Title of Class of Securities)

55616P104
(CUSIP Number)

December 31, 2019
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☒ 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. 55616P104

1
NAME OF REPORTING PERSONS
 
Yacktman Asset Management LP
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
 
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
5
SOLE VOTING POWER
 
24,445,989
6
SHARED VOTING POWER
 
0
7
SOLE DISPOSITIVE POWER
 
24,445,989
8
SHARED DISPOSITIVE POWER
 
0
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
24,445,989
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
Not Applicable
   ☐
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
7.91% (1)
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
IA


(1)
Based upon a total of 308,965,297 shares outstanding as of November 30, 2019, as reported on the Issuer’s Form 10-Q.
2
CUSIP No. 55616P104

Item 1(a).
Name of Issuer:

Macy’s, Inc.

Item 1(b).
Address of Issuer’s Principal Executive Offices:

7 West Seventh Street, Cincinnati, Ohio 45202

Item 2(a).
Name of Person Filing:

The person filing this Schedule 13G is Yacktman Asset Management LP (“Yacktman”).  Yacktman is an investment adviser registered under Section 203 of the Investment Advisers Act of 1940.

Item 2(b).
Address of Principal Business Office or, if none, Residence:

6300 Bridgepoint Parkway
Building One, Suite 500
Austin, TX  78730

Item 2(c).
Citizenship:

Yacktman is a Delaware limited partnership.

Item 2(d).
Title of Class of Securities:

Common Stock

Item 2(e).
CUSIP Number:

55616P104

Item 3.
If this statement is filed pursuant to sections 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:


☒
An investment adviser in accordance with section 240.13d-1(b)(1)(ii)(E).
3
CUSIP No. 55616P104

Item 4.
Ownership:


(a)
Amount Beneficially Owned:  24,445,989


(b)
Percent of Class:  7.91%


(c)
Number of shares as to which such person has:


(i)
sole power to vote or to direct the vote:  24,445,989


(ii)
shared power to vote or to direct the vote:  0


(iii)
sole power to dispose or to direct the disposition of:  24,445,989


(iv)
shared power to dispose or to direct the disposition of:  0

Item 5.
Ownership of Five Percent or Less of a Class:

N/A

Item 6.
Ownership of More than Five Percent on Behalf of Another Person:

N/A

Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person:

N/A

Item 8.
Identification and Classification of Members of the Group:

N/A

Item 9.
Notice of Dissolution of Group:

N/A
4
CUSIP No. 55616P104

Item 10.
Certification:

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.


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 5, 2020


YACKTMAN ASSET MANAGEMENT LP


By: /s/ Russell G. Wilkins
      Russell G. Wilkins, Partner
5