<SEC-DOCUMENT>0000897069-20-000184.txt : 20200408
<SEC-HEADER>0000897069-20-000184.hdr.sgml : 20200408
<ACCEPTANCE-DATETIME>20200408163823
ACCESSION NUMBER:		0000897069-20-000184
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20200408
DATE AS OF CHANGE:		20200408

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:			0130

	FILING VALUES:
		FORM TYPE:		SC 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-55193
		FILM NUMBER:		20782319

	BUSINESS ADDRESS:	
		STREET 1:		151 WEST 34TH STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10001
		BUSINESS PHONE:		5135797585

	MAIL ADDRESS:	
		STREET 1:		151 WEST 34TH STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10001

	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/A

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>cmw202.htm
<TEXT>
<html>
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    <div style="text-align: center; font-size: 12pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">Washington, D.C.&#160; 20549</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 14pt; font-weight: bold;">SCHEDULE 13G</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">Under the Securities Exchange Act of 1934</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">(Amendment No. 1)*</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 12pt;"><u>Macy&#8217;s, Inc.</u></div>
    <div style="text-align: center;">(Name of Issuer)</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 12pt;"><u>Common Stock</u></div>
    <div style="text-align: center;">(Title of Class of Securities)</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 12pt;"><u>55616P104</u></div>
    <div style="text-align: center;">(CUSIP Number)</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 12pt;"><u>March 31, 2020</u></div>
    <div style="text-align: center; font-size: 12pt;">(Date of Event Which Requires Filing of this Statement)</div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-bottom: 12pt; font-size: 12pt;">Check the appropriate box to designate the rule pursuant to which this Schedule is filed:</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">&#9746;<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 72pt"> </font><font style="font-size: 12pt;">Rule 13d-1(b)</font></div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">&#9744;<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 72pt"> </font><font style="font-size: 12pt;">Rule 13d-1(c)</font></div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">&#9744;<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 72pt"> </font><font style="font-size: 12pt;">Rule 13d-1(d)</font></div>
    <div style="text-align: justify; margin-bottom: 12pt; font-size: 12pt;">*&#160; The remainder of this cover page shall be filled out for a reporting person&#8217;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.</div>
    <div style="text-align: justify; margin-bottom: 12pt; font-size: 12pt;">The information required in the remainder of this cover page shall not be deemed to be &#8220;filed&#8221; for the purpose of Section 18 of the
      Securities Exchange Act of 1934 (&#8220;Act&#8221;) 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).</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div>
      <div style="text-align: justify; font-size: 12pt;">CUSIP No. 55616P104</div>
    </div>
    <div> <br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z591afb389bb64b59a53ff17177dafab9" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 7.02%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; text-indent: 7.5pt; font-size: 14pt; font-weight: bold;">1</div>
          </td>
          <td style="width: 92.98%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);" colspan="5">
            <div style="font-size: 8pt;">NAME OF REPORTING PERSONS</div>
            <div>&#160;</div>
            <div style="font-size: 12pt;">Yacktman Asset Management LP</div>
          </td>
        </tr>
        <tr>
          <td style="width: 7.02%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; text-indent: 7.5pt; font-size: 14pt; font-weight: bold;">2</div>
          </td>
          <td style="width: 76.95%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="font-size: 8pt;">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)</div>
            <div>&#160;</div>
            <div>&#160;</div>
          </td>
          <td style="width: 16.02%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="2">
            <div style="margin-left: 18pt; font-size: 8pt;">(a) &#9744;<font style="font-size: 10pt;"></font><br>
              (b) &#9746;<font style="font-size: 12pt; font-family: 'Wingdings 2', serif;"></font></div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 7.02%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; text-indent: 7.5pt; font-size: 14pt; font-weight: bold;">3</div>
          </td>
          <td style="width: 92.98%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="5">
            <div style="font-size: 8pt;">SEC USE ONLY</div>
          </td>
        </tr>
        <tr>
          <td style="width: 7.02%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; text-indent: 7.5pt; font-size: 14pt; font-weight: bold;">4</div>
          </td>
          <td style="width: 92.98%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="5">
            <div style="font-size: 8pt;">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
            <div>&#160;</div>
            <div style="font-size: 12pt;">Delaware</div>
          </td>
        </tr>
        <tr>
          <td style="width: 19.88%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);" rowspan="4" colspan="2">
            <div style="text-align: center; font-weight: bold;">NUMBER OF<br>
              SHARES<br>
              BENEFICIALLY<br>
              OWNED BY<br>
              EACH<br>
              REPORTING<br>
              PERSON<br>
              WITH</div>
          </td>
          <td style="width: 6.99%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-size: 14pt; font-weight: bold;">5</div>
          </td>
          <td style="width: 73.13%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="font-size: 8pt;">SOLE VOTING POWER</div>
            <div>&#160;</div>
            <div style="font-size: 12pt;">19,955,249</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 12.86%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-size: 14pt; font-weight: bold;">6</div>
          </td>
          <td style="width: 70.77%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="font-size: 8pt;">SHARED VOTING POWER</div>
            <div>&#160;</div>
            <div style="font-size: 12pt;">25,500,000</div>
          </td>
        </tr>
        <tr>
          <td style="width: 12.86%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-size: 14pt; font-weight: bold;">7</div>
          </td>
          <td style="width: 70.77%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="font-size: 8pt;">SOLE DISPOSITIVE POWER</div>
            <div>&#160;</div>
            <div style="font-size: 12pt;">19,955,249</div>
          </td>
        </tr>
        <tr>
          <td style="width: 12.86%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-size: 14pt; font-weight: bold;">8</div>
          </td>
          <td style="width: 70.77%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="font-size: 8pt;">SHARED DISPOSITIVE POWER</div>
            <div>&#160;</div>
            <div style="font-size: 12pt;">25,500,000</div>
          </td>
        </tr>
        <tr>
          <td style="width: 7.02%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; text-indent: 7.5pt; font-size: 14pt; font-weight: bold;">9</div>
          </td>
          <td style="width: 92.98%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="5">
            <div style="font-size: 8pt;">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
            <div>&#160;</div>
            <div style="font-size: 12pt;">45,445,249</div>
          </td>
        </tr>
        <tr>
          <td style="width: 7.02%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; font-size: 14pt; font-weight: bold;">10</div>
          </td>
          <td style="width: 83.63%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);" colspan="4">
            <div><font style="font-size: 8pt;">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
                INSTRUCTIONS</font>)</div>
            <div>&#160;</div>
            <div style="font-size: 12pt;">Not Applicable</div>
          </td>
          <td style="width: 9.35%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">&#160;&#9744;
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 7.02%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; font-size: 14pt; font-weight: bold;">11</div>
          </td>
          <td style="width: 92.98%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="5">
            <div style="font-size: 8pt;">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)</div>
            <div>&#160;</div>
            <div style="font-size: 12pt;">14.67% <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></div>
          </td>
        </tr>
        <tr>
          <td style="width: 7.02%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; font-size: 14pt; font-weight: bold;">12</div>
          </td>
          <td style="width: 92.98%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="5">
            <div style="font-size: 8pt;">TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</div>
            <div>&#160;</div>
            <div style="font-size: 12pt;">IA</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z75c08fcef02e419696daf031d0b92b30" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 4.5pt;"><br>
              </td>
              <td style="width: 27pt; vertical-align: top; align: right; font-size: 12pt;">(1)</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-size: 12pt;">Based upon a total of 309,645,426 shares outstanding as of February 29, 2020, as reported on the Issuer&#8217;s Form 10-K.</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div>
      <div style="text-align: justify; font-size: 12pt;">CUSIP No. 55616P104</div>
    </div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z133e96f58b684f0a8f349bc8f8a4c1f1" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 7.02%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; text-indent: 7.5pt; font-size: 14pt; font-weight: bold;">1</div>
          </td>
          <td style="width: 92.98%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);" colspan="5">
            <div style="font-size: 8pt;">NAME OF REPORTING PERSONS</div>
            <div>&#160;</div>
            <div style="font-size: 12pt;">AMG Yacktman Fund</div>
          </td>
        </tr>
        <tr>
          <td style="width: 7.02%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; text-indent: 7.5pt; font-size: 14pt; font-weight: bold;">2</div>
          </td>
          <td style="width: 76.95%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="font-size: 8pt;">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)</div>
            <div>&#160;</div>
            <div>&#160;</div>
          </td>
          <td style="width: 16.02%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="2">
            <div style="margin-left: 18pt; font-size: 8pt;">(a) &#9744;<br>
              (b) &#9746;<font style="font-size: 12pt; font-family: 'Wingdings 2', serif;"></font></div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 7.02%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; text-indent: 7.5pt; font-size: 14pt; font-weight: bold;">3</div>
          </td>
          <td style="width: 92.98%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="5">
            <div style="font-size: 8pt;">SEC USE ONLY</div>
          </td>
        </tr>
        <tr>
          <td style="width: 7.02%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; text-indent: 7.5pt; font-size: 14pt; font-weight: bold;">4</div>
          </td>
          <td style="width: 92.98%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="5">
            <div style="font-size: 8pt;">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
            <div>&#160;</div>
            <div style="font-size: 12pt;">Delaware</div>
          </td>
        </tr>
        <tr>
          <td style="width: 19.88%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);" rowspan="4" colspan="2">
            <div style="text-align: center; font-weight: bold;">NUMBER OF<br>
              SHARES<br>
              BENEFICIALLY<br>
              OWNED BY<br>
              EACH<br>
              REPORTING<br>
              PERSON<br>
              WITH</div>
          </td>
          <td style="width: 6.99%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-size: 14pt; font-weight: bold;">5</div>
          </td>
          <td style="width: 73.13%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="font-size: 8pt;">SOLE VOTING POWER</div>
            <div>&#160;</div>
            <div style="font-size: 12pt;">0</div>
          </td>
        </tr>
        <tr>
          <td style="width: 12.86%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-size: 14pt; font-weight: bold;">6</div>
          </td>
          <td style="width: 70.77%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="font-size: 8pt;">SHARED VOTING POWER</div>
            <div>&#160;</div>
            <div style="font-size: 12pt;">25,500,000</div>
          </td>
        </tr>
        <tr>
          <td style="width: 12.86%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-size: 14pt; font-weight: bold;">7</div>
          </td>
          <td style="width: 70.77%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="font-size: 8pt;">SOLE DISPOSITIVE POWER</div>
            <div>&#160;</div>
            <div style="font-size: 12pt;">0</div>
          </td>
        </tr>
        <tr>
          <td style="width: 12.86%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-size: 14pt; font-weight: bold;">8</div>
          </td>
          <td style="width: 70.77%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="font-size: 8pt;">SHARED DISPOSITIVE POWER</div>
            <div>&#160;</div>
            <div style="font-size: 12pt;">25,500,000</div>
          </td>
        </tr>
        <tr>
          <td style="width: 7.02%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; text-indent: 7.5pt; font-size: 14pt; font-weight: bold;">9</div>
          </td>
          <td style="width: 92.98%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="5">
            <div style="font-size: 8pt;">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
            <div>&#160;</div>
            <div style="font-size: 12pt;">25,500,000</div>
          </td>
        </tr>
        <tr>
          <td style="width: 7.02%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; font-size: 14pt; font-weight: bold;">10</div>
          </td>
          <td style="width: 83.63%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);" colspan="4">
            <div><font style="font-size: 8pt;">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
                INSTRUCTIONS</font>)</div>
            <div>&#160;</div>
            <div style="font-size: 12pt;">Not Applicable</div>
          </td>
          <td style="width: 9.35%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">&#160;&#9744;
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 7.02%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; font-size: 14pt; font-weight: bold;">11</div>
          </td>
          <td style="width: 92.98%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="5">
            <div style="font-size: 8pt;">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)</div>
            <div>&#160;</div>
            <div style="font-size: 12pt;">8.24% <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></div>
          </td>
        </tr>
        <tr>
          <td style="width: 7.02%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; font-size: 14pt; font-weight: bold;">12</div>
          </td>
          <td style="width: 92.98%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="5">
            <div style="font-size: 8pt;">TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</div>
            <div>&#160;</div>
            <div style="font-size: 12pt;">IA</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><font style="font-size: 12pt;">(1)</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 12pt;">Based upon a total of 309,645,426 shares outstanding as of February 29, 2020, as reported on the Issuer&#8217;s Form 10-K.</font></div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div>
      <div style="text-align: justify; font-size: 12pt;">CUSIP No. 55616P104</div>
    </div>
    <div><br>
    </div>
    <div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z8fa77e5426f0477292886d1954cc88e6" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 81pt; vertical-align: top; align: right; font-size: 12pt;">Item 1(a).</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-size: 12pt;"><u>Name of Issuer</u>:</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-indent: 0pt; margin-left: 81pt; font-size: 12pt;">Macy&#8217;s, Inc.</div>
    <div><br>
    </div>
    <div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z294af04d8f6e424da26417674d2b6d0d" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 81pt; vertical-align: top; align: right; font-size: 12pt;">Item 1(b).</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-size: 12pt;"><u>Address of Issuer&#8217;s Principal Executive Offices</u>:</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-indent: 0pt; margin-left: 81pt; font-size: 12pt;">7 West Seventh Street, Cincinnati, Ohio 45202</div>
    <div><br>
    </div>
    <div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z67237a93ccc448058d4ea883dc9aa410" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 81pt; vertical-align: top; align: right; font-size: 12pt;">Item 2(a).</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-size: 12pt;"><u>Name of Person Filing</u>:</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-indent: 0pt; margin-left: 81pt; font-size: 12pt;">The persons filing this Schedule 13G are (i) Yacktman Asset Management&#160;LP, an investment adviser registered under Section
      203 of the Investment Advisers Act of 1940 (the &#8220;<u>Adviser</u>&#8221;); and (ii) AMG Yacktman Fund, a series of <font style="background-color: #FFFFFF;">AMG Funds.&#160; AMG Funds is </font>an investment company registered under the Investment Company Act of 1940 <font style="background-color: #FFFFFF;">(the &#8220;</font><font style="background-color: #FFFFFF;"><u>Trust</u></font><font style="background-color: #FFFFFF;">&#8221;)</font>.&#160; Attached as Exhibit 1 hereto, which is incorporated by reference herein, is an agreement between Yacktman Asset Management LP and AMG Yacktman Fund that this Schedule 13G is filed on behalf of each of them.</div>
    <div><br>
    </div>
    <div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z6a0aba500e9f47ad9f76ef2b4d9a7d99" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 81pt; vertical-align: top; align: right; font-size: 12pt;">Item 2(b).</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-size: 12pt;"><u>Address of Principal Business Office or, if none, Residence</u>:</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-indent: 0pt; margin-left: 81pt; font-size: 12pt;">6300 Bridgepoint Parkway</div>
    <div style="text-indent: 0pt; margin-left: 81pt; font-size: 12pt;">Building One, Suite 500</div>
    <div style="text-indent: 0pt; margin-left: 81pt; font-size: 12pt;">Austin, TX&#160; 78730</div>
    <div><br>
    </div>
    <div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z1d5e227a89db42cd9e19686972d54d2a" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 81pt; vertical-align: top; align: right; font-size: 12pt;">Item 2(c).</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-size: 12pt;"><u>Citizenship</u>:</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-indent: 0pt; margin-left: 81pt; font-size: 12pt;">The Adviser is a Delaware limited partnership.&#160; AMG Yacktman Fund is a series of the Trust, a Massachusetts business
      trust.</div>
    <div><br>
    </div>
    <div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z060c59df6f004b219373e1de3b33ff7c" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 81pt; vertical-align: top; align: right; font-size: 12pt;">Item 2(d).</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-size: 12pt;"><u>Title of Class of Securities</u>:</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-indent: 0pt; margin-left: 81pt; font-size: 12pt;">Common Stock</div>
    <div><br>
    </div>
    <div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z8369aa69092949f1a32e9caffc0e3361" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 81pt; vertical-align: top; align: right; font-size: 12pt;">Item 2(e).</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-size: 12pt;"><u>CUSIP Number</u>:</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-indent: 0pt; margin-left: 81pt; font-size: 12pt;">55616P104</div>
    <div><br>
    </div>
    <div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z547c4e4971994f1da5b6c3c9ba34c2a5" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 81pt; vertical-align: top; align: right; font-size: 12pt;">Item 3.</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-size: 12pt;"><u>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</u>:</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div>
      <div>
        <table cellspacing="0" cellpadding="0" id="zdfccf44c3b9f496a9d89daf745677ad3" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 81pt;"><br>
              </td>
              <td style="width: 27pt; vertical-align: top; align: right; font-family: 'Wingdings 2', serif; font-size: 12pt;"><br>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-size: 12pt;">&#9746;&#160;&#160;&#160;&#160; Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z4f8cac3ee4714d4ebd854c1870d105eb" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 81pt;"><br>
              </td>
              <td style="width: 27pt; vertical-align: top; align: right; font-family: 'Wingdings 2', serif; font-size: 12pt;"><br>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-size: 12pt;">&#9746;&#160;&#160;&#160;&#160; An investment adviser in accordance with section 240.13d-1(b)(1)(ii)(E).</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div>
      <div style="text-align: justify; font-size: 12pt;">CUSIP No. 55616P104</div>
    </div>
    <div><br>
    </div>
    <div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z8119b7a6f5474ab49108b299d273c656" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 81pt; vertical-align: top; align: right; font-size: 12pt;">Item 4.</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-size: 12pt;"><u>Ownership</u>:</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-indent: -27pt; margin-left: 108pt; font-size: 12pt; font-weight: bold;">Yacktman Asset Management LP</div>
    <div><br>
    </div>
    <div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z8f2b676b8d084efa8edbfe44281394a4" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 81pt;"><br>
              </td>
              <td style="width: 27pt; vertical-align: top; align: right; font-size: 12pt;">(a)</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-size: 12pt;">Amount Beneficially Owned:&#160;&#160;45,445,249</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div>
      <div>
        <table cellspacing="0" cellpadding="0" id="zcd67c00490cd4a23875ca4208b2c9a7e" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 81pt;"><br>
              </td>
              <td style="width: 27pt; vertical-align: top; align: right; font-size: 12pt;">(b)</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-size: 12pt;">Percent of Class:&#160;&#160;14.67%</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z8a969845e41243c087bd7d48c4ce8336" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 81pt;"><br>
              </td>
              <td style="width: 27pt; vertical-align: top; align: right; font-size: 12pt;">(c)</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-size: 12pt;">Number of shares as to which such person has:</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z30afaf09a5ad4b949d1bc5224576b32f" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 108pt;"><br>
              </td>
              <td style="width: 22.5pt; vertical-align: top; align: right; font-size: 12pt;">(i)</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-size: 12pt;">sole power to vote or to direct the vote:&#160;&#160;19,955,249</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z9ad436a89c784187b77dc7aca6277a48" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 108pt;"><br>
              </td>
              <td style="width: 22.5pt; vertical-align: top; align: right; font-size: 12pt;">(ii)</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-size: 12pt;">shared power to vote or to direct the vote:&#160;&#160;25,500,000</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z974b8f4821dc49ecbd9b8f53b51f381e" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 108pt;"><br>
              </td>
              <td style="width: 22.5pt; vertical-align: top; align: right; font-size: 12pt;">(iii)</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-size: 12pt;">sole power to dispose or to direct the disposition of:&#160;&#160;19,955,249</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div>
      <div>
        <table cellspacing="0" cellpadding="0" id="za4810a0982184800a8de4d795647c6da" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 108pt;"><br>
              </td>
              <td style="width: 22.5pt; vertical-align: top; align: right; font-size: 12pt;">(iv)</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-size: 12pt;">shared power to dispose or to direct the disposition of:&#160;&#160;25,500,000</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-indent: -27pt; margin-left: 108pt; font-size: 12pt; font-weight: bold;">AMG Yacktman Fund</div>
    <div><br>
    </div>
    <div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z1594e9120fa84508a35bcb760758f01a" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 81pt;"><br>
              </td>
              <td style="width: 27pt; vertical-align: top; align: right; font-size: 12pt;">(a)</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-size: 12pt;">Amount Beneficially Owned:&#160;&#160;25,500,000</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z905c6d8a9ec44ca789fc85f3a5bc606b" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 81pt;"><br>
              </td>
              <td style="width: 27pt; vertical-align: top; align: right; font-size: 12pt;">(b)</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-size: 12pt;">Percent of Class:&#160;&#160;8.24%</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div>
      <div>
        <table cellspacing="0" cellpadding="0" id="zda1e942dbfbb40d1a6e8f4c869d8652b" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 81pt;"><br>
              </td>
              <td style="width: 27pt; vertical-align: top; align: right; font-size: 12pt;">(c)</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-size: 12pt;">Number of shares as to which such person has:</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z25a7342458514d158273c422c9076ccd" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 108pt;"><br>
              </td>
              <td style="width: 22.5pt; vertical-align: top; align: right; font-size: 12pt;">(i)</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-size: 12pt;">sole power to vote or to direct the vote:&#160;&#160;0</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z5a607d6c4ce14f1a84eeeb543ac145aa" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 108pt;"><br>
              </td>
              <td style="width: 22.5pt; vertical-align: top; align: right; font-size: 12pt;">(ii)</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-size: 12pt;">shared power to vote or to direct the vote:&#160;&#160;25,500,000</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z2cf3d00143564587901a82b88414002e" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 108pt;"><br>
              </td>
              <td style="width: 22.5pt; vertical-align: top; align: right; font-size: 12pt;">(iii)</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-size: 12pt;">sole power to dispose or to direct the disposition of:&#160;&#160;0</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z798332d06e5541289b0ec413611c07fe" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 108pt;"><br>
              </td>
              <td style="width: 22.5pt; vertical-align: top; align: right; font-size: 12pt;">(iv)</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-size: 12pt;">shared power to dispose or to direct the disposition of:&#160;&#160;25,500,000</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z07904c0385634db8b94c2ba39018dab7" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 81pt; vertical-align: top; align: right; font-size: 12pt;">Item 5.</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-size: 12pt;"><u>Ownership of Five Percent or Less of a Class</u>:</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-indent: 0pt; margin-left: 81pt; font-size: 12pt;">N/A</div>
    <div><br>
    </div>
    <div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z22f2c3fea16f40e1991015050d6830e6" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 81pt; vertical-align: top; align: right; font-size: 12pt;">Item 6.</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-size: 12pt;"><u>Ownership of More than Five Percent on Behalf of Another Person</u>:</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-indent: 0pt; margin-left: 81pt; font-size: 12pt;">N/A</div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div>
      <div style="text-align: justify; font-size: 12pt;">CUSIP No. 55616P104</div>
    </div>
    <div><br>
    </div>
    <div>
      <div>
        <table cellspacing="0" cellpadding="0" id="zd26c37c3e52d4dcaaf00482c2d65d52a" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 81pt; vertical-align: top; align: right; font-size: 12pt;">Item 7.</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-size: 12pt;"><u>Identification and Classification of the Subsidiary Which Acquired the Security
                      Being Reported on by the Parent Holding Company or Control Person</u>:</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-indent: 0pt; margin-left: 81pt; font-size: 12pt;">N/A</div>
    <div><br>
    </div>
    <div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z4ca0c68347254f0a88dddd1b4fdb9660" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 81pt; vertical-align: top; align: right; font-size: 12pt;">Item 8.</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-size: 12pt;"><u>Identification and Classification of Members of the Group</u>:</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-indent: 0pt; margin-left: 81pt; font-size: 12pt;">N/A</div>
    <div><br>
    </div>
    <div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z8fa86b6074d24ee49fbe4497c1c19b0b" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 81pt; vertical-align: top; align: right; font-size: 12pt;">Item 9.</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-size: 12pt;"><u>Notice of Dissolution of Group</u>:</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-indent: 0pt; margin-left: 81pt; font-size: 12pt;">N/A</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div>
      <div style="text-align: justify; font-size: 12pt;">CUSIP No. 55616P104</div>
      <div style="text-align: justify; font-size: 12pt;"> <br>
      </div>
    </div>
    <div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z6eaa4f02ed28441480ae37457185a1e7" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 81pt; vertical-align: top; align: right; font-size: 12pt;">Item 10.</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-size: 12pt;"><u>Certification</u>:</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-indent: 0pt; margin-left: 81pt; font-size: 12pt;">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.</div>
    <div><br>
    </div>
    <div style="text-indent: 0pt; margin-left: 81pt; font-size: 12pt;"><u>Exhibits</u>.</div>
    <div><br>
    </div>
    <div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z91a11ac181754073bc6a40b6527cb0fc" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 81pt;"><br>
              </td>
              <td style="width: 27pt; vertical-align: top; align: right; font-size: 12pt;">1.</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-size: 12pt;">Agreement to file Schedule 13G jointly.</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; margin-bottom: 12pt; font-size: 12pt; font-weight: bold;">SIGNATURE</div>
    <div style="text-indent: 72pt; margin-bottom: 12pt; font-size: 12pt;">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.</div>
    <div style="font-size: 12pt;">Date:&#160; April 7, 2020</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="margin-left: 234pt; font-size: 12pt;">YACKTMAN ASSET MANAGEMENT LP</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="margin-left: 234pt;"><font style="font-size: 12pt;">By: &#160; <u>/s/ Russell G. Wilkins</u></font><font style="font-size: 1px;"><font style="display: inline-block; text-indent: 0px; width: 202.5pt;"> <br>
        </font></font></div>
    <div style="text-indent: 0pt; margin-left: 261pt; font-size: 12pt;">Russell G. Wilkins, Partner</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-indent: -27pt; margin-left: 261pt; font-size: 12pt;">AMG FUNDS ON BEHALF OF ITS SERIES</div>
    <div style="text-indent: -27pt; margin-left: 261pt; font-size: 12pt;">AMG YACKTMAN FUND</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="margin-left: 234pt;"><font style="font-size: 12pt;">By: &#160; <u>/s/ Patrick Spellman</u></font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 27pt">&#160; </font><font style="font-size: 1px;"><font style="display: inline-block; text-indent: 0px; width: 202.5pt;"><br>
        </font></font></div>
    <div style="text-indent: 0pt; margin-left: 261pt; font-size: 12pt;">Patrick Spellman, Chief Compliance Officer</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: center; margin-bottom: 12pt; font-size: 12pt; font-weight: bold;">EXHIBIT 1</div>
    <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt; font-size: 12pt;">
      <div>AGREEMENT, dated as of April 7, 2020, by and among Yacktman Asset Management LP, a Delaware limited partnership, and AMG Funds, a Massachusetts business
        trust, on behalf of its series AMG Yacktman Fund.</div>
    </div>
    <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt; font-size: 12pt;">WHEREAS, in accordance with Rule 13d-1(k) of the Securities Exchange Act of 1934 (the &#8220;<u>Act</u>&#8221;), only one such statement need be filed whenever two or more persons are required to file a statement pursuant to Section 13(d) of the Act with respect to the same securities,
      provided that said persons agree in writing that such statement is filed on behalf of each of them.</div>
    <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt; font-size: 12pt;">NOW, THEREFORE, in consideration of the premises and mutual agreements herein contained, the parties hereto agree
      as follows:</div>
    <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt; font-size: 12pt;">Yacktman Asset Management LP and AMG Funds, on behalf of its series AMG Yacktman Fund, hereby agree, in accordance
      with Rule 13d-1(k) under the Act, to file one statement on Schedule 13G relating to their ownership of Macy&#8217;s, Inc. and hereby further agree that said statement shall be filed on behalf of Yacktman Asset Management LP and AMG Yacktman Fund&#160; Nothing
      herein shall be deemed to be an admission that the parties hereto, or any of them, are members of a &#8220;group&#8221; (within the meaning of Section 13(d) of the Act and the rules promulgated thereunder) with respect to any securities of Macy&#8217;s, Inc.</div>
    <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt; font-size: 12pt;">IN WITNESS WHEREOF, the parties have executed this agreement as of the date first written above.</div>
    <div style="margin-bottom: 12pt;"><br>
    </div>
    <div style="margin-left: 234pt; font-size: 12pt;">YACKTMAN ASSET MANAGEMENT LP</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="margin-left: 234pt;"><font style="font-size: 12pt;">By: &#160; <u>/s/ Russell G. Wilkins</u></font><font style="font-size: 1px;"><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; width: 202.5pt;"> <br>
        </font></font></div>
    <div style="text-indent: 0pt; margin-left: 261pt; font-size: 12pt;">Russell G. Wilkins, Partner</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-indent: -27pt; margin-left: 261pt; font-size: 12pt;">AMG FUNDS ON BEHALF OF ITS SERIES</div>
    <div style="text-indent: -27pt; margin-left: 261pt; font-size: 12pt;">AMG YACKTMAN FUND</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="margin-left: 234pt;"><font style="font-size: 12pt;">By: &#160; <u>/s/ Patrick Spellman</u></font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 27pt">&#160; </font><font style="font-size: 1px;"><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; width: 202.5pt;"><br>
        </font></font></div>
    <div style="text-indent: 0pt; margin-left: 261pt; font-size: 12pt;">Patrick Spellman, Chief Compliance Officer</div>
  </div>
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</SEC-DOCUMENT>
