Clarkston Capital Amends John Wiley & Sons Stake (13G/A)

TL;DR

**Clarkston Capital updated its passive stake in John Wiley & Sons as of year-end 2023.**

AI Summary

Clarkston Capital Partners, LLC, along with its affiliates Clarkston Companies, Inc., Gerald W. Hakala, Jeffrey A. Hakala, and Jeremy J. Modell, filed an amended Schedule 13G/A on February 12, 2024, indicating their ownership of Class A Common Stock in John Wiley & Sons, Inc. as of December 31, 2023. This amendment, the third for this group, updates their passive investment position in the publishing company. This matters to investors because it provides transparency into significant institutional holdings, which can influence market perception and potentially signal confidence or lack thereof in the company's future.

Why It Matters

This filing updates the public on a significant institutional investor's position in John Wiley & Sons, Inc., offering insight into their continued passive investment strategy.

Risk Assessment

Risk Level: low — This is a routine amendment to a passive investment filing, indicating no immediate change in strategy or significant market event.

Analyst Insight

Investors should note that this is a routine update from a passive institutional investor, suggesting no immediate change in their investment thesis or any activist intentions. It's a data point for understanding the institutional ownership landscape of John Wiley & Sons, Inc.

Key Players & Entities

• Clarkston Capital Partners, LLC (company) — reporting person and investment adviser
• John Wiley & Sons, Inc. (company) — subject company, issuer of Class A Common Stock
• Clarkston Companies, Inc. (company) — group member affiliated with Clarkston Capital Partners, LLC
• Gerald W. Hakala (person) — group member affiliated with Clarkston Capital Partners, LLC
• Jeffrey A. Hakala (person) — group member affiliated with Clarkston Capital Partners, LLC
• Jeremy J. Modell (person) — group member affiliated with Clarkston Capital Partners, LLC
• Modell Capital LLC (company) — group member affiliated with Clarkston Capital Partners, LLC

FAQ

Key Financial Figures

• $1.00 — ares of Class A Common Stock, par value $1.00 per share (“Common Stock”),

Filing Documents

• wileysc13ga3_021424.htm (SC 13G/A) — 158KB
• 0000905729-24-000038.txt ( ) — 160KB

(a)

Item 1(a). Name of Issuer: John Wiley & Sons, Inc. (the “Issuer”)

(b)

Item 1(b). Address of Issuer's Principal Executive Offices: 111 River Street, Hoboken, NJ 07030

(a)

Item 2(a). Name of Person Filing: This Schedule 13G/A is filed jointly pursuant to that certain Joint Filing Agreement filed herewith as Exhibit 99.1 by: (1) Clarkston Capital Partners, LLC (“CCP”) (2) Clarkston Companies, Inc. (“CC”) (3) Modell Capital LLC (“MC”) (4) Jeffrey A. Hakala (5) Gerald W. Hakala (6) Jeremy J. Modell

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence: 91 West Long Lake Road, Bloomfield Hills, MI 48304

(c)

Item 2(c). Citizenship: CCP and MC are Michigan limited liability companies. CC is a Michigan corporation. Jeffrey A. Hakala, Gerald W. Hakala, and Jeremy J. Modell (the “Individual Reporting Persons”) are citizens of the United States of America.

(d)

Item 2(d). Title of Class of Securities: Class A Common Stock, par value $1.00 per share

(e)

Item 2(e). CUSIP Number: 968223206 Page 8 of 13 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 (15 U.S.C. 78o). (b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance company as defined in section 3(a)(19) of the 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) [X] An investment advisor in accordance with §240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); (g) [X] A parent holding company or control person in accordance with §240.13d-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 (15 U.S.C. 80a-3); (j) [ ] A 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). Item 4. CCP is an investment adviser. Collectively, the securities reported in this Schedule 13G/A are held in the accounts of CCP’s discretionary clients or in an account over which a control person of CCP has beneficial ownership. The sole members of CCP are CC and MC. The sole owners of CC are Jeffrey A. Hakala and Gerald W. Hakala. The sole member of MC is the Jeremy J. Modell Revocable Living Trust. (a) Amount Beneficially Owned: CCP is the beneficial owner of 4,234,218 shares of Common Stock; CC is the beneficial owner of 4,234,218 shares of Common Stock; MC is the beneficial owner of 4,234,218 shares of Common Stock; Jeffrey A. Hakala is the beneficial owner of 4,234,218 sha

View Full Filing

View this SC 13G/A filing on SEC EDGAR