0001214659-20-001499.txt : 20200214 0001214659-20-001499.hdr.sgml : 20200214 20200214160133 ACCESSION NUMBER: 0001214659-20-001499 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20200214 DATE AS OF CHANGE: 20200214 GROUP MEMBERS: SNEHAL RAJNIKANT AMIN GROUP MEMBERS: WINDACRE PARTNERSHIP MASTER FUND, LP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NEXSTAR MEDIA GROUP, INC. CENTRAL INDEX KEY: 0001142417 STANDARD INDUSTRIAL CLASSIFICATION: TELEVISION BROADCASTING STATIONS [4833] IRS NUMBER: 233083125 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-79374 FILM NUMBER: 20619232 BUSINESS ADDRESS: STREET 1: 545 EAST JOHN CARPENTER FREEWAY STREET 2: SUITE 700 CITY: IRVING STATE: TX ZIP: 75062 BUSINESS PHONE: 972-373-8800 MAIL ADDRESS: STREET 1: 545 EAST JOHN CARPENTER FREEWAY STREET 2: SUITE 700 CITY: IRVING STATE: TX ZIP: 75062 FORMER COMPANY: FORMER CONFORMED NAME: NEXSTAR BROADCASTING GROUP INC DATE OF NAME CHANGE: 20010611 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WINDACRE PARTNERSHIP LLC CENTRAL INDEX KEY: 0001599383 IRS NUMBER: 462439914 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 2200 POST OAK BOULEVARD STREET 2: SUITE 1580 CITY: HOUSTON STATE: TX ZIP: 77056 BUSINESS PHONE: 713-623-7700 MAIL ADDRESS: STREET 1: 2200 POST OAK BOULEVARD STREET 2: SUITE 1580 CITY: HOUSTON STATE: TX ZIP: 77056 SC 13G/A 1 r213201sc13ga1.htm AMENDMENT NO. 1

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

 

Nexstar Media Group Inc.
(Name of Issuer)
 
Class A Common Stock $0.01 par value per share
(Title of Class of Securities)

 

  65336K103  
  (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).

 

 

 Page 1 of 8 pages 
 

 

CUSIP No.  65336K103
1

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

The WindAcre Partnership LLC

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

 

0

6

SHARED VOTING POWER

 

1,334,500

7

SOLE DISPOSITIVE POWER

 

0

8

SHARED DISPOSITIVE POWER

 

1,334,500

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,334,500

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

2.89%

12

TYPE OF REPORTING PERSON (see instructions)

 

IA

         

 Page 2 of 8 pages 
 

 

CUSIP No.  65336K103
1

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

The WindAcre Partnership Master Fund, 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

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH REPORTING

PERSON WITH:

5

SOLE VOTING POWER

 

0

6

SHARED VOTING POWER

 

1,334,500

7

SOLE DISPOSITIVE POWER

 

0

8

SHARED DISPOSITIVE POWER

 

1,334,500

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,334,500

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

2.89%

12

TYPE OF REPORTING PERSON (see instructions)

 

CO

         

 Page 3 of 8 pages 
 

 

CUSIP No.   65336K103
1

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Snehal Rajnikant Amin

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

 

USA

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH REPORTING

PERSON WITH:

5

SOLE VOTING POWER

 

0

6

SHARED VOTING POWER

 

1,334,500

7

SOLE DISPOSITIVE POWER

 

0

8

SHARED DISPOSITIVE POWER

 

1,334,500

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,334,500

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

2.89%

12

TYPE OF REPORTING PERSON (see instructions)

 

IN

         

 Page 4 of 8 pages 
 

 

Item 1(a). Name of Issuer:
   
   Nexstar Media Group Inc.  (the “Issuer”)
   
Item 1(b). Address of Issuer’s Principal Executive Offices:
   
  

545 E. John Carpenter Freeway

Suite 700

Irving, Texas 75062

   
Item 2(a). Name of Person Filing:
   
  

This statement is being jointly filed by:

·     The WindAcre Partnership LLC, a Delaware limited liability company, (“WindAcre”);

·     The WindAcre Partnership Master Fund LP, an exempted limited partnership established in the Cayman Islands (“Master Fund”); and

·     Snehal Rajnikant Amin, as the principal beneficial owner of The WindAcre Partnership LLC and the only beneficial owner holding more than 5% (“Mr. Amin”).

 

Each of the foregoing is referred to as a “Reporting Person” and collectively as the “Reporting Persons.”

 

WindAcre serves as the investment manager of the Master Fund. Mr. Amin is the managing member of WindAcre. By virtue of these relationships, each of WindAcre and Mr. Amin may be deemed to beneficially own the Issuer’s Common Shares directly owned by the Master Fund. 

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

The principal business address of WindAcre is 2200 Post Oak Blvd., Suite 1580, Houston, TX 77056.

The principal business address of the Master Fund is Elian Fiduciary Services (Cayman) LTD, 190 Elgin Avenue, George Town, Grand Cayman KY1-9007, Cayman Islands.

   
Item 2(c). Citizenship:
   
  

Mr. Amin is a citizen of the United States of America.

 

WindAcre is a limited liability company formed under the laws of the State of Delaware.

 

The Master Fund is an exempted company formed under the laws of the Cayman Islands.

 

   
Item 2(d). Title of Class of Securities:
   
   Class A Common Stock, $0.01 par value per share (“Common Shares” or “Shares”)
   
Item 2(e). CUSIP Number:  65336k103

 

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:
(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 of 1940;
(e) An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
(f) ☐  An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
(g) ☐  A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
(h) ☐  A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(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;
(j) ☐  A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J);
(k) ☐  Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution:      

 

 Page 5 of 8 pages 
 

 

Item 4. Ownership.
   
  Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
   (a)

Amount Beneficially Owned:

 

The Master Fund owns 1,334,500 Shares of Class A Common Stock, consisting of 1,334,500 Shares of Class A Common Stock directly held. By virtue of their relationships with the Master Fund discussed in further detail in Item 2, each of WindAcre and Mr. Amin may be deemed to beneficially own the Shares owned by the Master Fund.

 

This Schedule 13G reports an aggregate of 1,334,500 Shares of Class A Common Stock, consisting of 1,334,500 Shares of Class A Common Stock directly held. The filing of this Schedule 13G shall not be construed as an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any of the Shares reported herein. Each of the Reporting Persons specifically disclaims beneficial ownership of the Shares reported herein that are not directly owned by such Reporting Person.

 

   
   (b)

Percent of Class:

 

The following ownership percentages are based on 46,138,785 Shares outstanding, which is comprised of 46,138,785 Shares of Class A Common Stock outstanding as of November 6, 2019, as reported in the Issuer’s Form 10Q dated November 8, 2019.

 

The 1,334,500 Shares owned by the Master Fund represent approximately 2.89% of the outstanding Shares. By virtue of its relationship with the Master Fund discussed in further detail in Item 2, WindAcre may be deemed to beneficially own 1,334,500 Shares, representing approximately 2.89% of the outstanding Shares and Mr. Amin may be deemed to beneficially own 1,334,500 Shares representing approximately 2.89% of the outstanding Shares.

 

This schedule 13G reports an aggregate of 1,334,500 Shares, representing approximately 2.89% of the outstanding Shares.

 

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

sole power to vote or to direct the vote:

 

[0]

 

   
      (ii)

shared power to vote or to direct the vote:

 

The Master Fund, WindAcre and Mr. Amin share the power to vote or direct the vote of the 1,334,500 Shares owned by the Master Fund.

 

   
      (iii)

sole power to dispose or to direct the disposition of:

 

[0]

 

   
      (iv)

shared power to dispose or to direct the disposition of:

 

The Master Fund, WindAcre, and Mr. Amin share the power to dispose or direct the disposition of the 1,334,500 Shares owned by the Master Fund.

   

 

 Page 6 of 8 pages 
 

 

Item 5. Ownership of Five Percent or Less of a 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 ☐.

 

Item 6. Ownership of More than Five Percent on Behalf of Another Person.
   
   Not applicable.
   
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.
   
   Not applicable.
   
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 and do not have the effect of changing 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 such purpose or effect for the time being.

 

 Page 7 of 8 pages 
 

 

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.

 

Dated: February 14, 2020

 

  The WindAcre Partnership LLC
     
  By: /s/ Christopher Smith
    Name: Christopher Smith
    Title:   Chief Compliance Officer
     
  The WindAcre Master Fund LP
     
  By:

/s/ The WindAcre General Partner LP, its General

Partner

     
  By: /s/ Christopher Smith
    Name: Christopher Smith
   

Title:   Chief Compliance Officer of The WindAcre

Partnership LLC

     
     
  Snehal Amin
     
  By: /s/ Snehal Amin

 

 

Page 8 of 8 pages