Filing Details

Accession Number:
0001193125-23-032084
Form Type:
13G Filing
Publication Date:
2023-02-09 19:00:00
Filed By:
Mfn Partners, Lp
Company:
Rxo Inc.
Filing Date:
2023-02-10
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
MFN Partners 0 12,675,369 0 12,675,369 10.9%
MFN Partners GP 0 12,675,369 0 12,675,369 10.9%
MFN Partners Management 0 12,675,369 0 12,675,369 10.9%
MFN Partners Management 0 12,675,369 0 12,675,369 10.9%
Michael F. DeMichele 0 12,675,369 0 12,675,369 10.9%
Farhad Nanji 0 12,675,369 0 12,675,369 10.9%
Filing

CUSIP No. 74982T103

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No.             )*

 

 

RXO, Inc.

(Name of Issuer)

Common Stock, $0.01 par value

(Title of Class of Securities)

74982T103

(CUSIP Number)

December 31, 2022

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 persons 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. 74982T103

 

  1    

  Name of Reporting Person:

 

  MFN Partners, LP

 

  I.R.S. Identification No. of above Person (entities only) (voluntary)

  2  

  Check the Appropriate Box if a Member of a Group

 

  (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

 

  12,675,369

   7  

  SOLE DISPOSITIVE POWER

 

  0

   8  

  SHARED DISPOSITIVE POWER

 

  12,675,369

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED

 

  12,675,369

10  

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

 

  ☐

11  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

  10.9%*

12  

  TYPE OF REPORTING PERSON

 

  PN

 

*

Based on 116,400,000 shares of Common Stock outstanding as of December 31, 2022, as reported in the Issuers Report on Form 8-K filed with the Securities and Exchange Commission on February 7, 2023.

 

2


CUSIP No. 74982T103

 

  1    

  Names of Reporting Person:

 

  MFN Partners GP, LLC

 

  I.R.S. Identification No. of above Person (entities only) (voluntary)

  2  

  Check the Appropriate Box if a Member of a Group

 

  (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

 

  12,675,369

   7  

  SOLE DISPOSITIVE POWER

 

  0

   8  

  SHARED DISPOSITIVE POWER

 

  12,675,369

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED

 

  12,675,369

10  

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

 

  ☐

11  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

  10.9%*

12  

  TYPE OF REPORTING PERSON

 

  OO

 

*

Based on 116,400,000 shares of Common Stock outstanding as of December 31, 2022, as reported in the Issuers Report on Form 8-K filed with the Securities and Exchange Commission on February 7, 2023.

 

3


CUSIP No. 74982T103

 

  1    

  Names of Reporting Person:

 

  MFN Partners Management, LP

 

  I.R.S. Identification No. of above Person (entities only) (voluntary)

  2  

  Check the Appropriate Box if a Member of a Group

 

  (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

 

  12,675,369

   7  

  SOLE DISPOSITIVE POWER

 

  0

   8  

  SHARED DISPOSITIVE POWER

 

  12,675,369

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED

 

  12,675,369

10  

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

 

  ☐

11  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

  10.9%*

12  

  TYPE OF REPORTING PERSON

 

  IA, PN

 

*

Based on 116,400,000 shares of Common Stock outstanding as of December 31, 2022, as reported in the Issuers Report on Form 8-K filed with the Securities and Exchange Commission on February 7, 2023.

 

4


CUSIP No. 74982T103

 

  1    

  Names of Reporting Person:

 

  MFN Partners Management, LLC

 

  I.R.S. Identification No. of above Person (entities only) (voluntary)

  2  

  Check the Appropriate Box if a Member of a Group

 

  (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

 

  12,675,369

   7  

  SOLE DISPOSITIVE POWER

 

  0

   8  

  SHARED DISPOSITIVE POWER

 

  12,675,369

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED

 

  12,675,369

10  

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

 

  ☐

11  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

  10.9%*

12  

  TYPE OF REPORTING PERSON

 

  OO

 

*

Based on 116,400,000 shares of Common Stock outstanding as of December 31, 2022, as reported in the Issuers Report on Form 8-K filed with the Securities and Exchange Commission on February 7, 2023.

 

5


CUSIP No. 74982T103

 

  1    

  Names of Reporting Person:

 

  Michael F. DeMichele

 

  I.R.S. Identification No. of above Person (entities only) (voluntary)

  2  

  Check the Appropriate Box if a Member of a Group

 

  (a)  ☐        (b)  ☐

  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

 

  0

   6  

  SHARED VOTING POWER

 

  12,675,369

   7  

  SOLE DISPOSITIVE POWER

 

  0

   8  

  SHARED DISPOSITIVE POWER

 

  12,675,369

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED

 

  12,675,369

10  

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

  ☐  

 

11  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

  10.9%*

12  

  TYPE OF REPORTING PERSON

 

  IN

 

*

Based on 116,400,000 shares of Common Stock outstanding as of December 31, 2022, as reported in the Issuers Report on Form 8-K filed with the Securities and Exchange Commission on February 7, 2023.

 

6


CUSIP No. 74982T103

 

  1    

  Names of Reporting Person:

 

  Farhad Nanji

 

  I.R.S. Identification No. of above Person (entities only) (voluntary)

  2  

  Check the Appropriate Box if a Member of a Group

 

  (a)  ☐        (b)  ☐

  3  

  SEC USE ONLY

 

  4  

  Citizenship or Place of Organization

 

  Canada

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5    

  SOLE VOTING POWER

 

  0

   6  

  SHARED VOTING POWER

 

  12,675,369

   7  

  SOLE DISPOSITIVE POWER

 

  0

   8  

  SHARED DISPOSITIVE POWER

 

  12,675,369

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED

 

  12,675,369

10  

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

  ☐  

 

11  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

  10.9%*

12  

  TYPE OF REPORTING PERSON

 

  IN

 

*

Based on 116,400,000 shares of Common Stock outstanding as of December 31, 2022, as reported in the Issuers Report on Form 8-K filed with the Securities and Exchange Commission on February 7, 2023.

 

7


CUSIP No. 74982T103

 

SCHEDULE 13G

 

Item 1(a)

   Name of Issuer: RXO, Inc.

Item 1(b)

  

Address of Issuers Principal Executive Offices:

 

115 North Community House Road, Charlotte, NC 28277

Item 2(a)

  

Name of Persons Filing:

 

This Schedule 13G is being filed by and on behalf of (i) MFN Partners, LP (the Partnership); (ii) MFN Partners GP, LLC (MFN GP), as the general partner of the Partnership; (iii) MFN Partners Management, LP (MFN Management), as the investment adviser to the Partnership; (iv) MFN Partners Management, LLC (MFN LLC), as the general partner of MFN Management; (v) Michael F. DeMichele, as a managing member of MFN GP and of MFN LLC; and (vi) Farhad Nanji, as a managing member of MFN GP and of MFN LLC (each, a Reporting Person and collectively, the Reporting Persons).

Item 2(b)

  

Address of Principal Business Office, or if None, Residence:

 

c/o MFN Partners Management, LP, 222 Berkeley Street, 13th Floor, Boston, MA 02116

Item 2(c)

  

Citizenship:

 

The Partnership is a Delaware limited partnership. MFN GP is a Delaware limited liability company. MFN Management is a Delaware limited partnership. MFN LLC is a Delaware limited liability company. Michael F. DeMichele is a citizen of the United States and Farhad Nanji is citizen of Canada.

Item 2(d)

   Title of Class of Securities: Common Stock, $0.01 par value

Item 2(e)

   CUSIP Number: 74982T103

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:

 

Not Applicable.

Item 4

  

Ownership:

 

(a) through (c):

 

The information requested herein is incorporated by reference to the cover pages to this Schedule 13G.

 

The shares reported herein are directly held by the Partnership. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein.

Item 5

   Ownership of Five Percent or Less of the Class: Not Applicable.

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.

 

8


CUSIP No. 74982T103

 

Item 9

   Notice of Dissolution of Group: Not Applicable.

Item 10

   Certification: Not Applicable

 

9


CUSIP No. 74982T103

 

SIGNATURES

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 10, 2023

 

MFN PARTNERS, LP
By: /s/ Jonathan Reisman
Name: Jonathan Reisman
Title: Authorized Person

 

MFN PARTNERS GP, LLC
By: /s/ Jonathan Reisman
Name: Jonathan Reisman
Title: Authorized Person

 

MFN PARTNERS MANAGEMENT, LP
By: /s/ Jonathan Reisman
Name: Jonathan Reisman
Title: Authorized Person

 

MFN PARTNERS MANAGEMENT, LLC
By: /s/ Jonathan Reisman
Name: Jonathan Reisman
Title: Authorized Person

 

FARHAD NANJI
/s/ Farhad Nanji
Farhad Nanji, individually

 

MICHAEL F. DEMICHELE
/s/ Michael F. DeMichele
Michael F. DeMichele, individually

 

10