# EDGAR Filing Document

**Accession Number:** 0001481792
**File Stem:** 0000897069-23-000078
**Filing Date:** 2023-2
**Character Count:** 9243
**Document Hash:** 8ee4993a86580d98c39bc554ca8a2aca
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000897069-23-000078.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0000897069-23-000078

**CONFORMED SUBMISSION TYPE**: SC 13G/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230213

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Quad/Graphics, Inc.
- **CENTRAL INDEX KEY:** 0001481792
- **STANDARD INDUSTRIAL CLASSIFICATION:** COMMERCIAL PRINTING [2750]
- **IRS NUMBER:** 391152983
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-85563
- **FILM NUMBER:** 23616039

**BUSINESS ADDRESS:**
- **STREET 1:** N61 W23044 HARRY'S WAY
- **CITY:** SUSSEX
- **STATE:** WI
- **ZIP:** 53089-3995
- **BUSINESS PHONE:** 414-566-6000

**MAIL ADDRESS:**
- **STREET 1:** N61 W23044 HARRY'S WAY
- **CITY:** SUSSEX
- **STATE:** WI
- **ZIP:** 53089-3995
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Quad/Graphics ESOP Trust
- **CENTRAL INDEX KEY:** 0001496540
- **IRS NUMBER:** 000000000

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A

**BUSINESS ADDRESS:**
- **STREET 1:** C/O BMO HARRIS BANK N.A.
- **STREET 2:** 111 E. KILBOURN AVE., SUITE 200
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 414-287-8700

**MAIL ADDRESS:**
- **STREET 1:** C/O BMO HARRIS BANK N.A.
- **STREET 2:** 111 E. KILBOURN AVE., SUITE 200
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Quad/Graphics ESOP
- **DATE OF NAME CHANGE:** 20100713

#### UNITED STATES

#### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

### SCHEDULE 13G

#### Under the Securities Exchange Act of 1934

#### (Amendment No. 12)\*

<u>Quad/Graphics, Inc.</u>

(Name of Issuer)

<u>Class A Common Stock</u>

(Title of Class of Securities)

<u>747301109</u>

(CUSIP Number)

<u>December 31, 2022</u>

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☒ &nbsp;&nbsp;&nbsp;&nbsp;Rule 13d-1(b)

☐ &nbsp;&nbsp;&nbsp;&nbsp;Rule 13d-1(c)

☐ &nbsp;&nbsp;&nbsp;&nbsp;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).

------

CUSIP NO. 747301109

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; **1** | NAME OF REPORTING PERSONS<br>Quad/Graphics ESOP Trust | NAME OF REPORTING PERSONS<br>Quad/Graphics ESOP Trust | NAME OF REPORTING PERSONS<br>Quad/Graphics ESOP Trust | NAME OF REPORTING PERSONS<br>Quad/Graphics ESOP Trust |
| &nbsp;&nbsp; **2** | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)<br> Not Applicable | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)<br> Not Applicable | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)<br> Not Applicable | (a) ☐<br> (b) ☐ |
| &nbsp;&nbsp; **3** | SEC USE ONLY | SEC USE ONLY | SEC USE ONLY | SEC USE ONLY |
| &nbsp;&nbsp; **4** | CITIZENSHIP OR PLACE OF ORGANIZATION<br> United States of America | CITIZENSHIP OR PLACE OF ORGANIZATION<br> United States of America | CITIZENSHIP OR PLACE OF ORGANIZATION<br> United States of America | CITIZENSHIP OR PLACE OF ORGANIZATION<br> United States of America |
| **NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH** | **NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH** | **5** | SOLE VOTING POWER<br> 3,160,984 | SOLE VOTING POWER<br> 3,160,984 |
| **NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH** | **NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH** | **6** | SHARED VOTING POWER<br> 0 | SHARED VOTING POWER<br> 0 |
| **NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH** | **NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH** | **7** | SOLE DISPOSITIVE POWER<br> 3,160,984 | SOLE DISPOSITIVE POWER<br> 3,160,984 |
| **NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH** | **NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH** | **8** | SHARED DISPOSITIVE POWER<br> 0 | SHARED DISPOSITIVE POWER<br> 0 |
| &nbsp;&nbsp; **9** | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br> 3,160,984 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br> 3,160,984 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br> 3,160,984 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br> 3,160,984 |
| **10** | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)<br> Not Applicable | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)<br> Not Applicable | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)<br> Not Applicable | &nbsp;&nbsp;&nbsp;&nbsp;☐ |
| **11** | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br> 8.08% <sup>(1)</sup> | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br> 8.08% <sup>(1)</sup> | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br> 8.08% <sup>(1)</sup> | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br> 8.08% <sup>(1)</sup> |
| **12** | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)<br> EP | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)<br> EP | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)<br> EP | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)<br> EP |

---

<sup>(1)</sup> The percent ownership calculated is based upon an aggregate of 39,130,025 shares outstanding as of October 28, 2022, as reported on the Issuer's Form 10Q.<br>

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#### CUSIP NO. 747301109
Item 1(a). <u>Name of Issuer</u>:

Quad/Graphics, Inc.

Item 1(b). <u>Address of Issuer's Principal Executive Offices</u>:

N61 W23044 Harry's Way, Sussex, Wisconsin 53089-3995.

Item 2(a). <u>Name of Person Filing</u>:

Quad/Graphics ESOP Trust (the "ESOP")

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

c/o Matrix Trust Company<br> 2800 North Central Avenue, Suite 900<br> Phoenix, AZ 85004

Item 2(c). <u>Citizenship</u>:

The ESOP is governed by the laws of the United States of America.

Item 2(d). <u>Title of Class of Securities</u>:

Class A Common Stock

Item 2(e). <u>CUSIP Number</u>:

747301109

Item 3. <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>:

<br> (f) <br> ☒ An employee benefit plan or endowment fund in accordance with section 240.13d-1(b)(1)(ii)(F).

------

Item 4. <u>Ownership</u>:

(a) Amount Beneficially Owned: 3,160,984

(b) Percent of Class: 8.08%

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

(i) sole power to vote or to direct the vote: 3,160,984

(ii) shared power to vote or to direct the vote: 0

<br> (iii) sole power to dispose or to direct the disposition of: 3,160,984

<br> (iv) shared power to dispose or to direct the disposition of: 0

### Item 5. <u>Ownership</u> <u>of Five Percent or Less of a Class</u>:
N/A

### Item 6. <u>Ownership</u> <u>of</u> <u>More than Five Percent on Behalf of Another Person</u>:
N/A<br>

Item 7. <u>Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person</u>:

N/A

Item 8. <u>Identification and Classification of Members of the Group</u>:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; N/A<br>

Item 9. <u>Notice of Dissolution of Group</u>:

N/A

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#### CUSIP NO. 747301109
Item 10. <u>Certification</u>:

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

#### 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.

Date: February 10, 2023

QUAD/GRAPHICS ESOP TRUST

MATRIX TRUST COMPANY, as Directed Trustee

By:&nbsp;&nbsp;&nbsp;&nbsp; <u>/s/ Julie Black</u> 

<br> Julie Black, Director – Client Services

<br>