SC 13G 1 eh1900208_13g-ccc.htm SCHEDULE 13G

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

SCHEDULE 13G

 

(Amendment No. )*

 

Under the Securities Exchange Act of 1934

 

Churchill Capital Corp.

(Name of Issuer)

 

Class A Common Stock, par value $0.0001 per share 

(Titles of Class of Securities)

 

17142R103

(CUSIP Number)

 

December 31, 2018  

(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)

x Rule 13d-1(d)

 

* The remainder of this cover page shall be filled out of 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 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, as amended (the “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. 17142R103
SCHEDULE 13G
Page 2 of 8
 
 
1
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 

Churchill Sponsor LLC 

 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)  o
(b)  o
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
 
17,250,000
7
SOLE DISPOSITIVE POWER
 
0
8
SHARED DISPOSITIVE POWER
 
17,250,000
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
17,250,000
 
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
 
o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
20.0%
 
12
TYPE OF REPORTING PERSON
 
OO
 
 

CUSIP No. 17142R103
SCHEDULE 13G
Page 3 of 8
 
 
1
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 

M. Klein Associates, Inc.

 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)  o
(b)  o
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
 
17,250,000
7
SOLE DISPOSITIVE POWER
 
0
8
SHARED DISPOSITIVE POWER
 
17,250,000
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
17,250,000 
 
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
 
o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
20.0%
 
12
TYPE OF REPORTING PERSON
 
OO
 

 


CUSIP No. 17142R103
SCHEDULE 13G
Page 4 of 8
 
 
1
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 

Michael Klein

 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)  o
(b)  o
3
SEC USE ONLY
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 

United States

 
NUMBER OF
SHARES
BENEFICIALLY OWNED
BY EACH REPORTING
PERSON
WITH
5
SOLE VOTING POWER
 
6
SHARED VOTING POWER
 
17,250,000 
7
SOLE DISPOSITIVE POWER
 
0
8
SHARED DISPOSITIVE POWER
 
17,250,000 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
17,250,000 
 
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
 
o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
20.0%
 
12
TYPE OF REPORTING PERSON
 
IN
 

 

CUSIP No. 17142R103
SCHEDULE 13G
Page 5 of 8
 

  

Item 1(a). Name of Issuer:

 

Churchill Capital Corp
 

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

 

640 Fifth Avenue, 12th Floor
New York, NY 10019

 

Item 2(a). Name of Person Filing:

 

This statement is filed on behalf of each of the following persons (collectively, the “Reporting Persons”):

1. Churchill Sponsor LLC
2.

M. Klein Associates, Inc.

3. Michael Klein

 

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

 

The principal business address of each of the Reporting Persons is as follows:

 

640 Fifth Avenue, 12th Floor
New York, NY 10019

 

Item 2(c). Citizenship:

 

See responses to Item 4 on each cover page.

 

Item 2(d). Titles of Classes of Securities:

 

Class A Common Stock, par value $0.0001 per share.

 

Item 2(e). CUSIP Number:

 

17142R103

 

Item 3.

If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c),

Check Whether the Person Filing is a(n):

 

  (a) ¨ Broker or dealer registered under Section 15 of the Exchange Act (15 U.S.C. 78o).
       
  (b) ¨ Bank as defined in Section 3(a)(6) of the Exchange Act (15 U.S.C. 78c).
       
  (c) ¨ Insurance company as defined in Section 3(a)(19) of the Exchange Act (15 U.S.C. 78c).
       
  (d) ¨ Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
       
  (e) ¨ Investment adviser in accordance with §240.13d-1(b)(1)(ii)(E).
       
  (f) ¨ Employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).
       
  (g) ¨ Parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).
       
  (h) ¨ Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).
       
  (i) ¨ Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).

 

  (j) ¨ Non-U.S. institution, in accordance with § 240.13d-1(b)(1)(ii)(J).
       
  (k) ¨ Group in accordance with §240.13d-1(b)(1)(ii)(K).

 

  If filing as a non-U.S. institution in accordance with §240. 13d-1(b)(1)(ii)(J), please specify the type of institution: __________ .

 

 


CUSIP No. 17142R103
SCHEDULE 13G
Page 6 of 8
 

 

Item 4. Ownership 

 

Churchill Sponsor LLC (“Churchill Sponsor”) directly owns 17,250,000 shares of Class B Common Stock, par value $0.0001 per share (“Class B Common Stock”), of the Issuer, which are convertible into the Issuer’s Class A Common Stock, par value $0.0001 per share (“Class A Common Stock”).  Such shares may be deemed to be indirectly owned by M. Klein Associates, Inc. (“M. Klein Associates”), which is the managing member of Churchill Sponsor, and Michael Klein, who is the sole stockholder of M. Klein Associates.  As a result of these relationships, each of Churchill Sponsor, M. Klein Associates and Mr. Klein may be deemed to have or share beneficial ownership of the securities held directly by Churchill Sponsor. Each of Churchill Sponsor, M. Klein Associates and Mr. Klein disclaim beneficial ownership of such securities except to the extent of their direct ownership.

The holdings reported herein exclude 18,087,826 shares of Class A Common Stock issuable upon the exercise of 18,087,826  private placement warrants held directly by Churchill Sponsor. Each warrant is exercisable to purchase one share of Class A Common Stock at $11.50 per share, subject to adjustment, becomes exercisable beginning on the later of September 11, 2019 or 30 days after the completion of the Issuer’s initial business combination and expires five years after the completion of the Issuer’s initial business combination or earlier upon redemption or liquidation.

Percentage ownership is based on 69,000,000 shares of Class A Common Stock and 17,250,000 shares of Class B Common Stock outstanding as of November 13, 2018, as reported by the Issuer in its quarterly report on Form 10-Q for the period ended September 30, 2018, and assumes conversion of all Class B Common Stock into Class A Common Stock.

 

  (a) Amount beneficially owned:

 

See responses to Item 9 on each cover page.

 

  (b) Percent of class:

 

See responses to Item 11 on each cover page.

 

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

 

  (i) Sole power to vote or to direct the vote:

 

See responses to Item 5 on each cover page.

 

  (ii) Shared power to vote or to direct the vote:

 

See responses to Item 6 on each cover page.

 

  (iii) Sole power to dispose or to direct the disposition of:

 

See responses to Item 7 on each cover page.

 

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

 

See responses to Item 8 on each cover page.

 

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.  

 

Not Applicable.

 

 


CUSIP No. 17142R103
SCHEDULE 13G
Page 7 of 8
 

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, 2019

 

  Churchill Sponsor LLC  
  By: M. Klein Associates, Inc., its manager  
       
  By: /s/ George R. Schinkel  
  Name: 
George R. Schinkel
 
  Title: Chief Financial Officer  
       
  M. Klein Associates, Inc.  
       
  By: /s/ George R. Schinkel  
  Name:
George R. Schinkel
 
  Title: Chief Financial Officer  
       
 
Michael Klein
 
     
  By: /s/ Michael Klein  
  Name:
Michael Klein
 


 

 


CUSIP No. 17142R103
SCHEDULE 13G
Page 8 of 8
 

Exhibit Index

 

Exhibit No.   Description
Exhibit 1   Joint Filing Agreement, dated as of February 14, 2019, by and among Churchill Sponsor LLC, M. Klein Associates, Inc. and Michael Klein

 

 


EXHIBIT 1
  
JOINT FILING AGREEMENT
 
Each of the undersigned hereby acknowledges and agrees, in compliance with the provisions of Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, as amended, that the Schedule 13G to which this Agreement is attached as an Exhibit, and any amendments thereto, will be filed with the Securities and Exchange Commission jointly on behalf of the undersigned.  This Agreement may be executed in one or more counterparts.
 
Date: February 14, 2019

 

 

  Churchill Sponsor LLC  
  By: M. Klein Associates, Inc., its manager  
       
  By: /s/ George R. Schinkel  
  Name: 
George R. Schinkel
 
  Title: Chief Financial Officer  
       
  M. Klein Associates, Inc.  
       
  By: /s/ George R. Schinkel  
  Name:
George R. Schinkel
 
  Title: Chief Financial Officer  
       
 
Michael Klein
 
     
  By: /s/ Michael Klein  
  Name:
Michael Klein