SEC Company Response from Spectrum Brands Holdings, Inc. (SPB) (CIK 0000109177) (SPB) — Mar 4, 2020
Spectrum Brands Holdings, Inc. (SPB) (CIK 0000109177)
Date: March 4, 2020 · CIK: 0000109177 · Accession: 0000109177-20-000012
AI Filing Summary & Sentiment
File numbers found in text: 001-04219
Referenced dates: February 27, 2020
Letter
Division of Corporation Finance Securities and Exchange Commission Filed November 15, 2019 Form 8-K Filed January 30, 2020 File No. 001-04219
Dear Mr. Welcome:
Set forth below is the response of Spectrum Brands Holdings, Inc. (the “Company”) to the comment raised by the staff (the “Staff”) of the Securities and Exchange Commission (the “Commission”) in a letter to the Company dated February 27, 2020 (the “Comment Letter”). For your convenience, the text of the comment in the Comment Letter has been duplicated in bold type to precede the Company’s response.
Form 8-K Filed January 30, 2020
Exhibit 99.1, page 1
1.
In future filings, please revise your bullet point highlights and the discussion in the second paragraph to also present the corresponding GAAP measure related to Adjusted EBITDA with equal or greater prominence. Please refer to Question 102.10 of the Compliance and Disclosure Interpretations on Non-GAAP Financial Measures.
The Company respectfully acknowledges the Staff’s Comment. In response to the Staff’s comment, the Company reviewed Question 102.10 of the C&DI to address matters of presentation of a non-GAAP measure and its most directly comparable GAAP measure with equal or greater prominence. The Company will make adjustments to the earnings release to present comparable GAAP measures with equal or greater prominence to non-GAAP measures in accordance with the C&DI in future filings.
* * *
Please feel free to contact Jeremy W. Smeltser, Chief Financial Officer, at (608) 278-6414 or Ehsan Zargar, General Counsel & Corporate Secretary at (608) 275-4924 should you have any further questions regarding this matter.
/s/
Sincerely,
/s/ Jeremy W. Smeltser
Show Raw Text
CORRESP 1 filename1.htm 2020 Comment Letter 3001 Deming Way Middleton, WI 53562-1431 P.O. Box 620992 Middleton, WI 53562-0992 (608) 275-3340 March 4, 2020 Mr. Dale Welcome Division of Corporation Finance Securities and Exchange Commission Washington, D.C. 20549 RE: Spectrum Brands Holdings, Inc. Form 10-K for the Fiscal Year Ended September 30, 2019 Filed November 15, 2019 Form 8-K Filed January 30, 2020 File No. 001-04219 Dear Mr. Welcome: Set forth below is the response of Spectrum Brands Holdings, Inc. (the “Company”) to the comment raised by the staff (the “Staff”) of the Securities and Exchange Commission (the “Commission”) in a letter to the Company dated February 27, 2020 (the “Comment Letter”). For your convenience, the text of the comment in the Comment Letter has been duplicated in bold type to precede the Company’s response. Form 8-K Filed January 30, 2020 Exhibit 99.1, page 1 1. In future filings, please revise your bullet point highlights and the discussion in the second paragraph to also present the corresponding GAAP measure related to Adjusted EBITDA with equal or greater prominence. Please refer to Question 102.10 of the Compliance and Disclosure Interpretations on Non-GAAP Financial Measures. The Company respectfully acknowledges the Staff’s Comment. In response to the Staff’s comment, the Company reviewed Question 102.10 of the C&DI to address matters of presentation of a non-GAAP measure and its most directly comparable GAAP measure with equal or greater prominence. The Company will make adjustments to the earnings release to present comparable GAAP measures with equal or greater prominence to non-GAAP measures in accordance with the C&DI in future filings. * * * 1 Please feel free to contact Jeremy W. Smeltser, Chief Financial Officer, at (608) 278-6414 or Ehsan Zargar, General Counsel & Corporate Secretary at (608) 275-4924 should you have any further questions regarding this matter. /s/ Sincerely, /s/ Jeremy W. Smeltser Jeremy W. Smeltser Chief Financial Officer Spectrum Brands Holdings, Inc. 2