SEC Comment Letter for NORTHWESTERN CORP (CIK 0000073088) — Aug 2, 2005
NORTHWESTERN CORP (CIK 0000073088)
Date: Aug. 2, 2005 · CIK: 0000073088 · Accession: 0000000000-05-039770
AI Filing Summary & Sentiment
File numbers found in text: 333-123450
Referenced dates: June 14, 2005
Letter
Mail Stop 3561 July 25, 2005 Michael J. Hanson President and Chief Executive Officer NorthWestern Corporation 125 S. Dakota Avenue Sioux Falls, South Dakota 57104
Re: NorthWestern Corporation Amendment No. 2 to Registration Statement on Form S-3 Filed July 15, 2005 File No. 333-123450 Form 10-K/A for Fiscal Year Ended December 31, 2004 File No. 1-10499 Form 10-Q/A for Fiscal Quarter Ended March 31, 2005 File No. 1-10499
Dear Mr. Hanson:
We have reviewed your filings and have the following comments. Where indicated, we think you should revise your documents in response to these comments. If you disagree, we will consider your explanation as to why our comment is inapplicable or a revision is unnecessary. Please be as detailed as necessary in your explanation. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. After reviewing this information, we may raise additional comments.
We look forward to working with you in these respects. We welcome any questions you may have about our comments or any other aspect of our review. Feel free to call us at the telephone numbers listed at the end of this letter.
Form S-3
Selling Stockholders, page 16 1. Please refer to comment 2 in our letter dated June 14, 2005. We note you have added disclosure in the first paragraph indicating additional shares are being registered for issuance to future selling shareholders. As requested previously, please include a separate entry in the table for the additional shares and include a footnote clarifying why you are unable to name the shareholders. 2. We note the amount of shares offered for sale in the table, including the amount of shares to be distributed under the disputed claims reserve, is 17,946,029. We also note that you appear to be registering 18,438,574 shares. Please reconcile this apparent discrepancy and revise your disclosure as appropriate. 3. We note you intend to supplement the prospectus to add the additional selling shareholders. Please be aware that you may only substitute new names by means of a Rule 424 prospectus if the change is not material, the number of securities or dollar amount registered does not change, and the new owners` securities can be traced to those covered by the original registration statement. Otherwise, you may only add previously unidentified shareholders by post- effective amendment. Please advise how you will add selling shareholders and revise your disclosure as appropriate.
* * * *
As appropriate, please amend your registration statements in response to these comments. You may wish to provide us with marked copies of the amendment to expedite our review. Please furnish a cover letter with your amendment that keys your responses to our comments and provides any requested information. Detailed cover letters greatly facilitate our review. Please understand that we may have additional comments after reviewing your amendment and responses to our comments.
You may contact Sarah Goldberg, Staff Accountant, at (202) 551- 3214 or James Allegretto, Senior Assistant Chief Accountant, at (202) 551-3849 if you have questions regarding the financial statements and related matters. Please contact Matthew Benson, Staff Attorney, at (202) 551-3335 or David Mittelman, Legal Branch Chief, at (202) 551- 3214 with any other questions you may have.
Sincerely,
H. Christopher Owings
Assistant Director
Show Raw Text
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<TEXT>
Mail Stop 3561
July 25, 2005
Michael J. Hanson
President and Chief Executive Officer
NorthWestern Corporation
125 S. Dakota Avenue
Sioux Falls, South Dakota 57104
Re: NorthWestern Corporation
Amendment No. 2 to Registration Statement on Form S-3
Filed July 15, 2005
File No. 333-123450
Form 10-K/A for Fiscal Year Ended December 31, 2004
File No. 1-10499
Form 10-Q/A for Fiscal Quarter Ended March 31, 2005
File No. 1-10499
Dear Mr. Hanson:
We have reviewed your filings and have the following
comments.
Where indicated, we think you should revise your documents in
response to these comments. If you disagree, we will consider
your
explanation as to why our comment is inapplicable or a revision is
unnecessary. Please be as detailed as necessary in your
explanation.
In some of our comments, we may ask you to provide us with
information so we may better understand your disclosure. After
reviewing this information, we may raise additional comments.
We look forward to working with you in these respects. We
welcome any questions you may have about our comments or any other
aspect of our review. Feel free to call us at the telephone
numbers
listed at the end of this letter.
Form S-3
Selling Stockholders, page 16
1. Please refer to comment 2 in our letter dated June 14, 2005.
We
note you have added disclosure in the first paragraph indicating
additional shares are being registered for issuance to future
selling
shareholders. As requested previously, please include a separate
entry in the table for the additional shares and include a
footnote
clarifying why you are unable to name the shareholders.
2. We note the amount of shares offered for sale in the table,
including the amount of shares to be distributed under the
disputed
claims reserve, is 17,946,029. We also note that you appear to be
registering 18,438,574 shares. Please reconcile this apparent
discrepancy and revise your disclosure as appropriate.
3. We note you intend to supplement the prospectus to add the
additional selling shareholders. Please be aware that you may
only
substitute new names by means of a Rule 424 prospectus if the
change
is not material, the number of securities or dollar amount
registered
does not change, and the new owners` securities can be traced to
those covered by the original registration statement. Otherwise,
you
may only add previously unidentified shareholders by post-
effective
amendment. Please advise how you will add selling shareholders
and
revise your disclosure as appropriate.
* * * *
As appropriate, please amend your registration statements in
response to these comments. You may wish to provide us with
marked
copies of the amendment to expedite our review. Please furnish a
cover letter with your amendment that keys your responses to our
comments and provides any requested information. Detailed cover
letters greatly facilitate our review. Please understand that we
may
have additional comments after reviewing your amendment and
responses
to our comments.
You may contact Sarah Goldberg, Staff Accountant, at (202)
551-
3214 or James Allegretto, Senior Assistant Chief Accountant, at
(202)
551-3849 if you have questions regarding the financial statements
and
related matters. Please contact Matthew Benson, Staff Attorney,
at
(202) 551-3335 or David Mittelman, Legal Branch Chief, at (202)
551-
3214 with any other questions you may have.
Sincerely,
H. Christopher Owings
Assistant Director
cc: Mark S. Weitz, Esq.
Leonard, Street and Deinard Professional Association
Via Fax - (612) 335-1657
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Michael J. Hanson
NorthWestern Corporation
July 25, 2005
Page 3
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