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SC 13G/A Filing
The New York Times Company (NYT) SC 13G/ANew York Times Co
Filed: 14 Feb 18, 12:00am
UNITED STATES | ||
SECURITIES AND EXCHANGE COMMISSION | ||
Washington, D.C. 20549 | ||
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
The New York Times Company (the “Issuer”) |
(Name of Issuer) |
Class A Common Stock, par value $0.10 per share (“Class A Common Shares”) |
(Title of Class of Securities) |
650111107 |
(CUSIP Number) |
December 31, 2017 |
(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. 650111107 | Page 2 of 15 Pages |
1 | NAMESOFREPORTING PERSONS
Carlos Slim Helú | ||
2 | CHECK THEAPPROPRIATEBOXIFA MEMBEROFA GROUP* (a)o (b) o | ||
3 | SECUSEONLY | ||
4 | CITIZENSHIPORPLACEOF ORGANIZATION | ||
México | |||
NUMBEROF SHARESBENEFICIALLYOWNED BY EACHREPORTING PERSON WITH | 5 | SOLE VOTING POWER | |
6 | SHARED VOTING POWER 27,191,500Class ACommonShares(see Item 4(c)) | ||
7 | SOLE DISPOSITIVE POWER | ||
8 | SHAREDDISPOSITIVE POWER 27,191,500Class ACommonShares(see Item 4(c)) | ||
9 | AGGREGATEAMOUNTBENEFICIALLYOWNEDBY EACHREPORTING PERSON 27,191,500Class ACommonShares(see Item 4(a)) | ||
10 | CHECK BOXIF THE AGGREGATEAMOUNTIN ROW (9) EXCLUDESCERTAINSHARES☐* | ||
11 | PERCENTOF CLASS REPRESENTED BYAMOUNTIN ROW 9 16.8%ofthe Class ACommonShares(see Item 4(b)) | ||
12 | TYPEOFREPORTING PERSON* IN | ||
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 650111107 | Page 3 of 15 Pages |
1 | NAMESOFREPORTING PERSONS
Carlos Slim Domit | ||
2 | CHECK THEAPPROPRIATEBOXIFA MEMBEROFA GROUP* (a)o (b) o | ||
3 | SECUSEONLY | ||
4 | CITIZENSHIPORPLACEOF ORGANIZATION | ||
México | |||
NUMBEROF SHARESBENEFICIALLYOWNED BY EACHREPORTING PERSON WITH | 5 | SOLE VOTING POWER | |
6 | SHARED VOTING POWER 27,191,500Class ACommonShares(see Item 4(c)) | ||
7 | SOLE DISPOSITIVE POWER | ||
8 | SHAREDDISPOSITIVE POWER 27,191,500Class ACommonShares(see Item 4(c)) | ||
9 | AGGREGATEAMOUNTBENEFICIALLYOWNEDBY EACHREPORTING PERSON 27,191,500Class ACommonShares(see Item 4(a)) | ||
10 | CHECK BOXIF THE AGGREGATEAMOUNTIN ROW (9) EXCLUDESCERTAINSHARES☐* | ||
11 | PERCENTOF CLASS REPRESENTED BYAMOUNTIN ROW 9 16.8%ofthe Class ACommonShares(see Item 4(b)) | ||
12 | TYPEOFREPORTING PERSON* IN | ||
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 650111107 | Page 4 of 15 Pages |
1 | NAMESOFREPORTING PERSONS
Marco Antonio Slim Domit | ||
2 | CHECK THEAPPROPRIATEBOXIFA MEMBEROFA GROUP* (a)o (b) o | ||
3 | SECUSEONLY | ||
4 | CITIZENSHIPORPLACEOF ORGANIZATION | ||
México | |||
NUMBEROF SHARESBENEFICIALLYOWNED BY EACHREPORTING PERSON WITH | 5 | SOLE VOTING POWER | |
6 | SHARED VOTING POWER 27,191,500Class ACommonShares(see Item 4(c)) | ||
7 | SOLE DISPOSITIVE POWER | ||
8 | SHAREDDISPOSITIVE POWER 27,191,500Class ACommonShares(see Item 4(c)) | ||
9 | AGGREGATEAMOUNTBENEFICIALLYOWNEDBY EACHREPORTING PERSON 27,191,500Class ACommonShares(see Item 4(a)) | ||
10 | CHECK BOXIF THE AGGREGATEAMOUNTIN ROW (9) EXCLUDESCERTAINSHARES☐* | ||
11 | PERCENTOF CLASS REPRESENTED BYAMOUNTIN ROW 9 16.8%ofthe Class ACommonShares(see Item 4(b)) | ||
12 | TYPEOFREPORTING PERSON* IN | ||
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 650111107 | Page 5 of 15 Pages |
1 | NAMESOFREPORTING PERSONS
Patrick Slim Domit | ||
2 | CHECK THEAPPROPRIATEBOXIFA MEMBEROFA GROUP* (a)o (b) o | ||
3 | SECUSEONLY | ||
4 | CITIZENSHIPORPLACEOF ORGANIZATION | ||
México | |||
NUMBEROF SHARESBENEFICIALLYOWNED BY EACHREPORTING PERSON WITH | 5 | SOLE VOTING POWER | |
6 | SHARED VOTING POWER 27,191,500Class ACommonShares(see Item 4(c)) | ||
7 | SOLE DISPOSITIVE POWER | ||
8 | SHAREDDISPOSITIVE POWER 27,191,500Class ACommonShares(see Item 4(c)) | ||
9 | AGGREGATEAMOUNTBENEFICIALLYOWNEDBY EACHREPORTING PERSON 27,191,500Class ACommonShares(see Item 4(a)) | ||
10 | CHECK BOXIF THE AGGREGATEAMOUNTIN ROW (9) EXCLUDESCERTAINSHARES☐* | ||
11 | PERCENTOF CLASS REPRESENTED BYAMOUNTIN ROW 9 16.8%ofthe Class ACommonShares(see Item 4(b)) | ||
12 | TYPEOFREPORTING PERSON* IN | ||
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 650111107 | Page 6 of 15 Pages |
1 | NAMESOFREPORTING PERSONS
MaríaSoumayaSlim Domit | ||
2 | CHECK THEAPPROPRIATEBOXIFA MEMBEROFA GROUP* (a)o (b) o | ||
3 | SECUSEONLY | ||
4 | CITIZENSHIPORPLACEOF ORGANIZATION | ||
México | |||
NUMBEROF SHARESBENEFICIALLYOWNED BY EACHREPORTING PERSON WITH | 5 | SOLE VOTING POWER | |
6 | SHARED VOTING POWER 27,191,500Class ACommonShares(see Item 4(c)) | ||
7 | SOLE DISPOSITIVE POWER | ||
8 | SHAREDDISPOSITIVE POWER 27,191,500Class ACommonShares(see Item 4(c)) | ||
9 | AGGREGATEAMOUNTBENEFICIALLYOWNEDBY EACHREPORTING PERSON 27,191,500Class ACommonShares(see Item 4(a)) | ||
10 | CHECK BOXIF THE AGGREGATEAMOUNTIN ROW (9) EXCLUDESCERTAINSHARES☐* | ||
11 | PERCENTOF CLASS REPRESENTED BYAMOUNTIN ROW 9 16.8%ofthe Class ACommonShares(see Item 4(b)) | ||
12 | TYPEOFREPORTING PERSON* IN | ||
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 650111107 | Page 7 of 15 Pages |
1 | NAMESOFREPORTING PERSONS
VanessaPaolaSlim Domit | ||
2 | CHECK THEAPPROPRIATEBOXIFA MEMBEROFA GROUP* (a)o (b) o | ||
3 | SECUSEONLY | ||
4 | CITIZENSHIPORPLACEOF ORGANIZATION | ||
México | |||
NUMBEROF SHARESBENEFICIALLYOWNED BY EACHREPORTING PERSON WITH | 5 | SOLE VOTING POWER | |
6 | SHARED VOTING POWER 27,191,500Class ACommonShares(see Item 4(c)) | ||
7 | SOLE DISPOSITIVE POWER | ||
8 | SHAREDDISPOSITIVE POWER 27,191,500Class ACommonShares(see Item 4(c)) | ||
9 | AGGREGATEAMOUNTBENEFICIALLYOWNEDBY EACHREPORTING PERSON 27,191,500Class ACommonShares(see Item 4(a)) | ||
10 | CHECK BOXIF THE AGGREGATEAMOUNTIN ROW (9) EXCLUDESCERTAINSHARES☐* | ||
11 | PERCENTOF CLASS REPRESENTED BYAMOUNTIN ROW 9 16.8%ofthe Class ACommonShares(see Item 4(b)) | ||
12 | TYPEOFREPORTING PERSON* IN | ||
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 650111107 | Page 8 of 15 Pages |
1 | NAMESOFREPORTING PERSONS
JohannaMonique Slim Domit | ||
2 | CHECK THEAPPROPRIATEBOXIFA MEMBEROFA GROUP* (a)o (b) o | ||
3 | SECUSEONLY | ||
4 | CITIZENSHIPORPLACEOF ORGANIZATION | ||
México | |||
NUMBEROF SHARESBENEFICIALLYOWNED BY EACHREPORTING PERSON WITH | 5 | SOLE VOTING POWER | |
6 | SHARED VOTING POWER 27,191,500Class ACommonShares(see Item 4(c)) | ||
7 | SOLE DISPOSITIVE POWER | ||
8 | SHAREDDISPOSITIVE POWER 27,191,500Class ACommonShares(see Item 4(c)) | ||
9 | AGGREGATEAMOUNTBENEFICIALLYOWNEDBY EACHREPORTING PERSON 27,191,500Class ACommonShares(see Item 4(a)) | ||
10 | CHECK BOXIF THE AGGREGATEAMOUNTIN ROW (9) EXCLUDESCERTAINSHARES☐* | ||
11 | PERCENTOF CLASS REPRESENTED BYAMOUNTIN ROW 9 16.8%ofthe Class ACommonShares(see Item 4(b)) | ||
12 | TYPEOFREPORTING PERSON* IN | ||
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 650111107 | Page 9 of 15 Pages |
1 | NAMESOFREPORTING PERSONS
Inversora Carso, S.A. de C.V., formerly knownasInmobiliaria Carso, S.A. deC.V. | ||
2 | CHECK THEAPPROPRIATEBOXIFA MEMBEROFA GROUP* (a)o (b) o | ||
3 | SECUSEONLY | ||
4 | CITIZENSHIPORPLACEOF ORGANIZATION | ||
México | |||
NUMBEROF SHARESBENEFICIALLYOWNED BY EACHREPORTING PERSON WITH | 5 | SOLE VOTING POWER | |
6 | SHARED VOTING POWER 19,241,500Class ACommonShares(see Item 4(c)) | ||
7 | SOLE DISPOSITIVE POWER | ||
8 | SHAREDDISPOSITIVE POWER 19,241,500Class ACommonShares(see Item 4(c)) | ||
9 | AGGREGATEAMOUNTBENEFICIALLYOWNEDBY EACHREPORTING PERSON 19,241,500Class ACommonShares(see Item 4(a)) | ||
10 | CHECK BOXIF THE AGGREGATEAMOUNTIN ROW (9) EXCLUDESCERTAINSHARES☐* | ||
11 | PERCENTOF CLASS REPRESENTED BYAMOUNTIN ROW 9 11.92%ofthe Class ACommonShares(see Item 4(b)) | ||
12 | TYPEOFREPORTING PERSON* HC
| ||
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 650111107 | Page 10 of 15 Pages |
1 | NAMESOFREPORTING PERSONS
Grupo Financiero Inbursa,S.A.B.deC.V. | ||
2 | CHECK THEAPPROPRIATEBOXIFA MEMBEROFA GROUP* (a)o (b) o | ||
3 | SECUSEONLY | ||
4 | CITIZENSHIPORPLACEOF ORGANIZATION | ||
México | |||
NUMBEROF SHARESBENEFICIALLYOWNED BY EACHREPORTING PERSON WITH | 5 | SOLE VOTING POWER | |
6 | SHARED VOTING POWER 7,950,000Class ACommonShares(see Item 4(c)) | ||
7 | SOLE DISPOSITIVE POWER | ||
8 | SHAREDDISPOSITIVE POWER 7,950,000Class ACommonShares(see Item4(c)) | ||
9 | AGGREGATEAMOUNTBENEFICIALLYOWNEDBY EACHREPORTING PERSON 7,950,000Class ACommonShares(see Item4(a)) | ||
10 | CHECK BOXIF THE AGGREGATEAMOUNTIN ROW (9) EXCLUDESCERTAINSHARES☐* | ||
11 | PERCENTOF CLASS REPRESENTED BYAMOUNTIN ROW 9 4.93%ofthe Class ACommonShares(see Item 4(b)) | ||
12 | TYPEOFREPORTING PERSON* HC | ||
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 650111107 | Page 11 of 15 Pages |
Item1.
(a) | NameofIssuer: |
TheNewYorkTimes Company (the“Issuer”)
(b) | AddressofIssuer’sPrincipal Executive Offices: |
620EighthAvenue
NewYork,NY10018
Item2.
(a) | NameofPersons Filing: |
This statement is filed pursuant to Rule 13d-1(c) undertheSecurities ExchangeActof1934,as amended (the“Act”),by thepersons listed below (the “Reporting Persons”).
(1)
Carlos Slim Helú, Carlos Slim Domit,MarcoAntonio Slim Domit, Patrick Slim Domit, MaríaSoumaya Slim Domit, Vanessa Paola Slim Domit and JohannaMoniqueSlim Domit (collectively,the “Slim Family”),eachof whom is a Mexican citizen. The membersof the Slim Familyare beneficiariesof a Mexican trust which in turn owns allof theoutstandingvotingsecuritiesofInversora Carso, S.A.de C.V., formerly knownasInmobiliaria Carso, S.A.deC.V.(“InversoraCarso”)and a majorityof the outstandingvotingequity securitiesofGrupo Financiero Inbursa,S.A.B.deC.V.(“GFI”).
(2)
Inversora Carso, asociedadanónima de capital variable organized underthelawsof the United Mexican States (“Mexico”), is aholdingcompany withportfolioinvestments in various companies. InversoraCarso owns allof theoutstandingvotingsecuritiesofControl EmpresarialdeCapitales S.A.deC.V. (“CEC”).
(3)
GFI, asociedadanónimabursátildecapital variableorganized underthelawsofMexico, is a financialservicesholding company.GFI ownsthemajorityof theoutstandingvotingequity securitiesofseveral financialinstitutionsorganized in México,includinga broker-dealer, a bank,aninsurance company and a suretybonding company.
(b) | AddressofPrincipal Business Office: |
(i) The principal business address foreachmemberof theSlim Family is:
Paseodelas Palmas736
ColoniaLomasde Chapultepec
11000México,D.F.
México
(ii) Inversora Carso’s principal business address is:
Paseodelas Palmas781
Lomasde Chapultepec
Ciudad de Mexico, 11000
México
CUSIP No. 650111107 | Page 12 of 15 Pages |
(iii) GFI’s principal business address is:
Paseodelas Palmas736
ColoniaLomasde Chapultepec
11000México,D.F.
México
(c) | Citizenship: |
Eachmemberof theSlim Family is a MexicancitizenandeachofInversoraCarsoand GFI is a Mexican corporation.
(d) | TitleofClassofSecurities: |
ClassACommonStock, par value $0.10 per share(“ClassACommonShares”)
(e) | CUSIP Number:650111107 |
Item3. | If this statement is filed pursuant to Rule 13d-1(b),or 13d-2(b) or(c),checkwhetherthe person filing is a(n): |
(a) | Broker or dealer registered under Section 15 of the Act; | |
(b) | Bank as defined in Section 3(a)(6) of the Act; | |
(c) | Insurance company as defined in Section 3(a)(19) of the Act; | |
(d) | Investment company registered under Section 8 of the Investment Company Act; | |
(e) | Investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); | |
(f) | Employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); | |
(g) | Parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); | |
(h) | Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; | |
(i) | Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; or
| |
(j) | Group, in accordance with Rule 13d-1(b)(1)(ii)(J). |
CUSIP No. 650111107 | Page 13 of 15 Pages |
Item4. | Ownership. |
(a) | Amount Beneficially Owned: |
Asof the dateof this filing, (i) Inversora Carso, directlyor indirectly, owns 19,241,500Class ACommon Shares and (ii) GFI, directlyor indirectly, owns7,950,000Class ACommon Shares.These numbers reflect the sales of Class A Common Shares by Inversora Carso,asreported on Form4filedby Inversora CarsowiththeSecurities and Exchange CommissiononFebruary 12, 2018.
Of the aforementioned shares, (i) Inversora Carso has pledged 8,247,175 Class A Common Shares to the 2017 Mandatory Exchangeable Trust (the “Trust”) pursuant to forward agreements dated December 15, 2017 among the Trust and each of Inversora Carso and CEC and (ii) GFI has pledged 7,950,000 Class A Common Shares (together with the pledged shares by Inversora Carso, the “Pledged Shares”) to the Trust pursuant to a forward agreement dated December 15, 2017 among the Trust andBanco InbursaS.A.,InstitucióndeBancaMúltiple, Grupo Financiero Inbursa (“Inbursa”). Inversora Carso and Inbursa retain voting rights to the Pledged Shares and now share dispositive power with U.S. Bank National Association (“U.S. Bank”) as collateral agent for the benefit of the Trust, who has been granted a security interest in the Pledged Shares pursuant to collateral agreements dated December 15, 2017 among U.S. Bank, the Trust and each of Inversora, CEC and Inbursa.
Becausethe membersof the Slim Familyare beneficiariesof a Mexican trust which in turn owns allof the outstandingvotingsecuritiesofInversoraCarsoand a majorityof theoutstandingvotingequity securitiesofGFI,the Slim Family maybe deemed to beneficially own indirectlytheClass ACommon Shares beneficially owned, directlyor indirectly, byInversoraCarsoand GFI.
(b) | Percentof Class: |
TheClassACommonShares beneficially ownedby theSlim Family constitute approximately 16.8%of the161,394,059 issued and outstandingClassACommonShares,asreported intheForm10-Qfiledby the Issuer withtheSecurities and Exchange CommissiononNovember 1, 2017.
TheClassACommonShares beneficially ownedbyInversoraCarsoconstitute approximately 11.92%of the161,394,059 issued and outstandingClassACommonShares,asreported intheForm10-Qfiledby the Issuer withtheSecurities and Exchange CommissiononNovember 1, 2017.
TheClassACommonShares beneficially ownedbyGFI constitute approximately 4.93%of the 161,394,059 issued and outstandingClass ACommon Shares,as reported inthe Form10-Q filedby the Issuer withthe Securities and Exchange CommissiononNovember 1, 2017.
(c) | Numberofsharesasto which such person has: |
(i) | Solepower tovote orto direct the vote: -0- |
(ii) | Shared power tovote orto direct the vote: |
AstotheSlim Family: 27,191,500ClassACommon Shares
Asto Inversora Carso: 19,241,500ClassACommon Shares
Asto GFI:7,950,000ClassACommonShares
(iii) | Solepower to disposeorto direct the disposition of:-0- |
(iv) | Shared power to disposeordirect the disposition of: |
AstotheSlim Family: 27,191,500ClassACommon Shares, of which disposition power for 16,197,175 shares is shared with U.S. Bank
CUSIP No. 650111107 | Page 14 of 15 Pages |
Asto Inversora Carso: 19,241,500ClassACommon Shares, of which disposition power for 8,247,175 shares is shared with U.S. Bank
Asto GFI:7,950,000ClassACommonShares, which disposition power is shared with U.S. Bank
Item5. | OwnershipofFivePercentorLessofa Class. |
Ifthisstatement is being filed to reportthefactthatasof thedate hereofthe reporting person hasceased tobe the beneficial ownerof more than five percentof theclassof securities,checkthefollowing:☐
Item6. | OwnershipofMore than FivePercentonBehalfofAnother Person. |
Not applicable.
Item7. | IdentificationandClassificationofthe Subsidiary Which Acquired the Security BeingReportedon by the ParentHolding Company. |
Class ACommon Shares reportedas beneficially ownedby InversoraCarso includeClass ACommon Shares ownedby its subsidiary CEC.Class ACommon Shares reportedas beneficially ownedby GFI includeClass ACommon Shares ownedby its subsidiaryInbursa.
Item8. | IdentificationandClassificationofMembersoftheGroup. |
The identityofeachmemberof the groupfilingthisschedule isasfollows: Carlos Slim Helú, Carlos Slim Domit,MarcoAntonio Slim Domit, Patrick Slim Domit, MaríaSoumayaSlim Domit, Vanessa Paola Slim Domit, JohannaMoniqueSlim Domit, Inversora Carso, S.A.deC.V.and Grupo Financiero Inbursa,S.A.B.deC.V.
Item9. | NoticeofDissolutionof Group. |
Not applicable.
Item10. Certifications.
Bysigningbelow I certify that, tothebestofmyknowledge and belief,thesecuritiesreferredto abovewerenot acquired andarenot held forthe purpose of or withtheeffectof changingor influencingthe controlof the issuerof the securities andwerenot acquired andarenot held in connection withoras a participant in any transaction having thatpurpose oreffect.
The PowersofAttorney forthemembersof theSlimFamily,InversoraCarsoand GFI, whicharefiledasexhibits to the report on Form 4 filedby theReporting Persons withthe Securities and ExchangeCommissiononFebruary12, 2018 inrespectofthe sales of Class A Common Stock, par value $0.10 per share of The New York Times Company, andtheJointFilingAgreement amongthe SlimFamily,InversoraCarsoand GFI, which is filedas anexhibit to Amendment No. 1 totheSchedule13Ginrespectof their ownershipofClass ACommon Sharesof the Issuer filedby the Reporting Persons withthe Commissionon January22, 2009,arehereby incorporated hereinbyreference.
CUSIP No. 650111107 | Page15 of 15 Pages |
SIGNATURE
Afterreasonableinquiryand tothebestofmyknowledge and belief I certify thattheinformationsetforth inthis statement is true, complete and correct.
Carlos Slim Helú | |
Carlos Slim Domit | By:/s/ Javier Foncerrada |
Javier Foncerrada | |
Marco Antonio Slim Domit | Attorney-in-Fact |
February 14, 2018 | |
Patrick Slim Domit | |
María Soumaya Slim Domit | |
Vanessa Paola Slim Domit | |
Johanna Monique Slim Domit | |
INVERSORA CARSO, S.A. DE C.V. | |
/s/ Javier Foncerrada | |
By: Javier Foncerrada Title: Attorney-in-Fact | |
GRUPO FINANCIERO INBURSA, S.A. B DE C.V. | |
/s/ Javier Foncerrada | |
By: Javier Foncerrada Title: Attorney-in-Fact |