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    SEC Form SC 13G/A filed

    2/16/21 3:18:35 PM ET
    $M
    Department/Specialty Retail Stores
    Consumer Discretionary
    Get the next $M alert in real time by email
    SC 13G/A 1 tm216212d2_sc13ga.htm SC 13G/A Schedule 13G

     

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, DC 20549

     

     

     

    SCHEDULE 13G

     

    INFORMATION TO BE INCLUDED IN STATEMENTS FILED

    PURSUANT TO § 240.13d-1(b), (c) AND (d) AND

    AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2

    (Amendment No. 1)*

     

     

     

    MACY’S, INC.

    (Name of Issuer)

     

    Common Stock, Par Value $0.01 per Share

    (Title of Class of Securities)

     

    55616P104

    (CUSIP Number)

     

    December 31, 2020

    (Date of Event Which Requires Filing of this Statement)

     

     

     

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

     

    xRule 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 disclosure 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, as amended (“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 Page 2 of 12 

                 
      1.   

    Name of reporting persons

     

    American International Group, Inc.

      2.   

    Check the appropriate box if a member of a group

     

    (a)  ¨     (b)  ¨

      3.   

    SEC use only 

     

      4.   

    Citizenship or place of organization

     

    Incorporated under the laws of the State of Delaware

    Number of

    shares

    beneficially

    owned by

    each

    reporting

    person

    with

     

      5.   

    Sole voting power

     

    0

      6.  

    Shared voting power

     

    437,888

      7.  

    Sole dispositive power

     

    0

      8.  

    Shared dispositive power

     

    437,888

      9.  

    Aggregate amount beneficially owned by each reporting person

     

    437,888

    10.  

    Check box if the aggregate amount in Row (9) excludes certain shares  ¨

     

    11.  

    Percent of class represented by amount in Row (9)

     

    0.1%

    12.  

    Type of reporting person

     

    HC

     

     

    CUSIP No. 55616P104 Page 3 of 12 

     

                 
      1.   

    Name of reporting persons

     

    SAFG Retirement Services, Inc.

      2.   

    Check the appropriate box if a member of a group

     

    (a)  ¨     (b)  ¨

      3.   

    SEC use only 

     

      4.   

    Citizenship or place of organization

     

    Organized under the laws of the State of Delaware

    Number of

    shares

    beneficially

    owned by

    each

    reporting

    person

    with

     

      5.   

    Sole voting power

     

    0

      6.  

    Shared voting power

     

    437,888

      7.  

    Sole dispositive power

     

    0

      8.  

    Shared dispositive power

     

    437,888

      9.  

    Aggregate amount beneficially owned by each reporting person

     

    437,888

    10.  

    Check box if the aggregate amount in Row (9) excludes certain shares  ¨

     

    11.  

    Percent of class represented by amount in Row (9)

     

    0.1%

    12.  

    Type of reporting person

     

    HC

     

     

    CUSIP No. 55616P104 Page 4 of 12 

                 
      1.   

    Name of reporting persons

     

    AIG Life Holdings, Inc.

      2.   

    Check the appropriate box if a member of a group

     

    (a)  ¨     (b)  ¨

      3.   

    SEC use only

     

      4.   

    Citizenship or place of organization

     

    Organized under the laws of the State of Texas

    Number of

    shares

    beneficially

    owned by

    each

    reporting

    person

    with

     

      5.   

    Sole voting power

     

    0

      6.  

    Shared voting power

     

    437,888

      7.  

    Sole dispositive power

     

    0

      8.  

    Shared dispositive power

     

    437,888

      9.  

    Aggregate amount beneficially owned by each reporting person

     

    437,888

    10.  

    Check box if the aggregate amount in Row (9) excludes certain shares  ¨

     

    11.  

    Percent of class represented by amount in Row (9)

     

    0.1%

    12.  

    Type of reporting person

     

    HC

     

     

    CUSIP No. 55616P104 Page 5 of 12 

                 
      1.   

    Name of reporting persons

     

    AGC Life Insurance Company

      2.   

    Check the appropriate box if a member of a group

     

    (a)  ¨     (b)  ¨

      3.   

    SEC use only

     

      4.   

    Citizenship or place of organization

     

    Organized under the laws of the State of Missouri

    Number of

    shares

    beneficially

    owned by

    each

    reporting

    person

    with

     

      5.   

    Sole voting power

     

    0

      6.  

    Shared voting power

     

    437,888

      7.  

    Sole dispositive power

     

    0

      8.  

    Shared dispositive power

     

    437,888

      9.  

    Aggregate amount beneficially owned by each reporting person

     

    437,888

    10.  

    Check box if the aggregate amount in Row (9) excludes certain shares  ¨

     

    11.  

    Percent of class represented by amount in Row (9)

     

    0.1%

    12.  

    Type of reporting person

     

    IC

     

     

    CUSIP No. 55616P104 Page 6 of 12 

                 
      1.   

    Name of reporting persons

     

    The Variable Annuity Life Insurance Company

      2.   

    Check the appropriate box if a member of a group

     

    (a)  ¨     (b)  ¨

      3.   

    SEC use only

     

      4.   

    Citizenship or place of organization

     

    Organized under the laws of the State of Texas

    Number of

    shares

    beneficially

    owned by

    each

    reporting

    person

    with

     

      5.   

    Sole voting power

     

    0

      6.  

    Shared voting power

     

    307,571

      7.  

    Sole dispositive power

     

    0

      8.  

    Shared dispositive power

     

    307,571

      9.  

    Aggregate amount beneficially owned by each reporting person

     

    307,571

    10.  

    Check box if the aggregate amount in Row (9) excludes certain shares  ¨

     

    11.  

    Percent of class represented by amount in Row (9)

     

    0.1%

    12.  

    Type of reporting person

     

    IC

     

     

    CUSIP No. 55616P104 Page 7 of 12 

                 
      1.   

    Name of reporting persons

     

    American General Life Insurance Company

      2.   

    Check the appropriate box if a member of a group

     

    (a)  ¨     (b)  ¨

      3.   

    SEC use only

     

      4.   

    Citizenship or place of organization

     

    Organized under the laws of the State of Texas

    Number of

    shares

    beneficially

    owned by

    each

    reporting

    person

    with

     

      5.   

    Sole voting power

     

    0

      6.  

    Shared voting power

     

    130,317

      7.  

    Sole dispositive power

     

    0

      8.  

    Shared dispositive power

     

    130,317

      9.  

    Aggregate amount beneficially owned by each reporting person

     

    130,317

    10.  

    Check box if the aggregate amount in Row (9) excludes certain shares  ¨

     

    11.  

    Percent of class represented by amount in Row (9)

     

    0.0%

    12.  

    Type of reporting person

     

    IC

     

     

    CUSIP No. 55616P104 Page 8 of 12 

                 
      1.   

    Name of reporting persons

     

    SunAmerica Asset Management, LLC

      2.   

    Check the appropriate box if a member of a group

     

    (a)  ¨     (b)  ¨

      3.   

    SEC use only

     

      4.   

    Citizenship or place of organization

     

    Organized under the laws of the State of Delaware

    Number of

    shares

    beneficially

    owned by

    each

    reporting

    person

    with

     

      5.   

    Sole voting power

     

    0

      6.  

    Shared voting power

     

    130,317

      7.  

    Sole dispositive power

     

    0

      8.  

    Shared dispositive power

     

    130,317

      9.  

    Aggregate amount beneficially owned by each reporting person

     

    130,317

    10.  

    Check box if the aggregate amount in Row (9) excludes certain shares  ¨

     

    11.  

    Percent of class represented by amount in Row (9)

     

    0.0%

    12.  

    Type of reporting person

     

    IA

     

     

    CUSIP No. 55616P104 Page 9 of 12 

     

    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(S) FILING:

     

    American International Group, Inc.

     

    SAFG Retirement Services, Inc.

     

    AIG Life Holdings, Inc.

     

    AGC Life Insurance Company

     

    The Variable Annuity Life Insurance Company

     

    American General Life Insurance Company

     

    SunAmerica Asset Management, LLC

     

    ITEM 2 (b). ADDRESS OF PRINCIPAL BUSINESS OFFICE(S):

     

    American International Group, Inc.

    175 Water Street

    New York, NY 10038

     

    SAFG Retirement Services, Inc.

    21650 Oxnard Street

    10th Floor

    Woodland Hills, CA 91367

     

    AIG Life Holdings, Inc.

    2929 Allen Parkway

    Houston, TX 77019

     

    AGC Life Insurance Company

    2727-A Allen Parkway

    Houston, TX 77019

     

    The Variable Annuity Life Insurance Company

    2929 Allen Parkway

    Houston, Tx 77019

     

    American General Life Insurance Company

    2727-A Allen Parkway

    Houston, TX 77019

     

    SunAmerica Asset Management, LLC

    21650 Oxnard Street

    10th Floor

    Woodland Hills, CA 91367

     

    ITEM 2 (c). CITIZENSHIP:

    The information requested hereunder is set forth under Item 4 of the cover pages to this Schedule 13G.

     

    ITEM 2 (d). TITLE OF CLASS OF SECURITIES:

    Common Stock

     

    ITEM 2 (e). CUSIP NUMBER:

     

    55616P104

     

     

    CUSIP No. 55616P104 Page 10 of 12 

     

    ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO §§ 240.13d-1(b), OR 240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:

     

    American International Group, Inc.:

     

      (g) A parent holding company or control person, in accordance § 240.13d-1(b)(1)(ii)(G)

     

    SAFG Retirement Services, Inc.:

     

      (g) A parent holding company or control person, in accordance § 240.13d-1(b)(1)(ii)(G)

     

    AIG Life Holdings, Inc.:

     

      (g) A parent holding company or control person, in accordance § 240.13d-1(b)(1)(ii)(G)


    AGC Life Insurance Company:

     

      (c) Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c)

     

    The Variable Annuity Life Insurance Company:

     

      (c) Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c)

     

    American General Life Insurance Company:

     

      (c) Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c)

     

    SunAmerica Asset Management, LLC:

     

      (e) An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E)

     

    ITEM 4. OWNERSHIP.

     

    (a) through (c). The information requested hereunder is set forth under Items 5 through 9 and Item 11 of the cover pages to this Schedule 13G.

     

    ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF 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 x .

     

    ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.

     

    Clients of the reporting persons may have the right to receive or the power to direct the receipt of dividends from, and the proceeds from the sale of, such securities which are the subject of this filing, including Focused Dividend Strategy Portfolio, a client of SunAmerica Asset Management, LLC and a series of SunAmerica Series, Inc., whose interest exceeds 5% of the class. The reporting persons hold the securities reported herein for the benefit of third parties or in customer or fiduciary accounts in the ordinary course of business.

     

    ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.

     

    See Exhibit 1 attached hereto for the information requested hereunder with respect to the relevant subsidiaries of American International Group, Inc.

     

    ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

     

    Not applicable.

     

    ITEM 9. NOTICE OF DISSOLUTION OF GROUP.

     

    Not applicable.

     

    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, other than activities solely in connection with a nomination under § 240.14a-11.

     

     

    CUSIP No. 55616P104 Page 11 of 12 

     

    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 16, 2021

     

      AMERICAN INTERNATIONAL GROUP, INC.
         
      By /s/ Geoffrey N. Cornell
      Name:   Geoffrey N. Cornell
      Title: Vice President
         
      SAFG RETIREMENT SERVICES, INC.
         
      By /s/ Christine A. Nixon
      Name: Christine A. Nixon
      Title: Senior Vice President
         
      AIG LIFE HOLDINGS, INC.
         
      By /s/ Christine A. Nixon
      Name: Christine A. Nixon
      Title: Senior Vice President
         
      AGC LIFE INSURANCE COMPANY
         
      By /s/ Christine A. Nixon
      Name: Christine A. Nixon
      Title: Senior Vice President
         
      THE VARIABLE ANNUITY LIFE INSURANCE COMPANY
         
      By /s/ Christine A. Nixon
      Name: Christine A. Nixon
      Title: Senior Vice President
         
      AMERICAN GENERAL LIFE INSURANCE COMPANY
         
      By /s/ Christine A. Nixon
      Name: Christine A. Nixon
      Title: Senior Vice President
         
      SUNAMERICA ASSET MANAGEMENT, LLC
         
      By /s/ Matthew Hackethal
      Name: Matthew Hackethal
      Title: Vice President, Chief Compliance Officer

     

     

    CUSIP No. 55616P104 Page 12 of 12 

     

    EXHIBIT INDEX

     

    Exhibit 99.1 Identification and Classification of the Subsidiaries Which Acquired the Security Being Reported on by the Parent Holding Company
       
    Exhibit 99.2 Agreement of Joint Filing

     

     

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