Correspondence 0001193125-24-057182 from GRAHAM CORP (GHM) (CIK 0000716314) (GHM)
GRAHAM CORP (GHM) (CIK 0000716314)
Date: March 4, 2024 · CIK: 0000716314 · Accession: 0001193125-24-057182
AI Filing Summary & Sentiment
File numbers found in text: 001-08462
Referenced dates: February 23, 2024
Letter
VIA EDGAR United States Securities and Exchange Commission Division of Corporation Finance Office of Technology Re: Graham Corp Form 10-K for the Year Ended March 31, 2023 Form 10-Q for the Quarter Ended December 31, 2023 File No. 001-08462
Dear Ms. Akst and Ms. Collins:
On behalf of Graham Corporation (“Graham” or the “Company”), this letter is sent in response to your office’s comment letter dated February 23, 2024 regarding the Company’s annual report on Form 10-K for the year ended March 31, 2023 (“fiscal 2023”), filed on June 8, 2023 and the Company’s quarterly report on Form 10-Q for the quarterly period ended December 31, 2023, filed on February 5, 2024. For your convenience, the Staff’s comment has been repeated below in its entirety in italicized font, with the Company’s response to such comment set out immediately underneath it.
Form 10-Q for the Quarterly Period Ending December 31, 2023
Management’s Discussion and Analysis of Financial Condition and Results of Operations Non-GAAP Measures, page
1. We note from your response to prior comment 1. Considering the BN Performance Bonus plan requires continued employment at the time of such payment, and as the amounts will be paid in cash, it remains unclear how such charges are not a normal, recurring cash operating expenses. Please revise to remove these adjustments from your non-GAAP measures. Refer to Question 100.01 of the non-GAAP C&DIs.
Response:
We acknowledge the Staff’s comment and will remove the BN Performance Bonus plan adjustment from our non-GAAP measures in all future filings starting with our upcoming Form 10-K for the year ending March 31, 2024 in accordance with Question 100.01 of the Non-GAAP C&DIs.
Securities and Exchange Commission
Division of Corporation Finance
March 4, 2024
* * * * *
If you have any questions or comments regarding these responses or require any additional information, please do not hesitate to contact me at CThome@graham-mfg.com or (716) 225-8116.
Very truly yours,
/s/ Christopher J. Thome
Show Raw Text
CORRESP 1 filename1.htm CORRESP March 4, 2024 VIA EDGAR United States Securities and Exchange Commission Division of Corporation Finance Office of Technology 100 F. Street, N.E. Washington, D.C. 20549 Attn: Ms. Megan Akst and Ms. Kathleen Collins Re: Graham Corp Form 10-K for the Year Ended March 31, 2023 Form 10-Q for the Quarter Ended December 31, 2023 File No. 001-08462 Dear Ms. Akst and Ms. Collins: On behalf of Graham Corporation (“Graham” or the “Company”), this letter is sent in response to your office’s comment letter dated February 23, 2024 regarding the Company’s annual report on Form 10-K for the year ended March 31, 2023 (“fiscal 2023”), filed on June 8, 2023 and the Company’s quarterly report on Form 10-Q for the quarterly period ended December 31, 2023, filed on February 5, 2024. For your convenience, the Staff’s comment has been repeated below in its entirety in italicized font, with the Company’s response to such comment set out immediately underneath it. Form 10-Q for the Quarterly Period Ending December 31, 2023 Management’s Discussion and Analysis of Financial Condition and Results of Operations Non-GAAP Measures, page 25 1. We note from your response to prior comment 1. Considering the BN Performance Bonus plan requires continued employment at the time of such payment, and as the amounts will be paid in cash, it remains unclear how such charges are not a normal, recurring cash operating expenses. Please revise to remove these adjustments from your non-GAAP measures. Refer to Question 100.01 of the non-GAAP C&DIs. Response: We acknowledge the Staff’s comment and will remove the BN Performance Bonus plan adjustment from our non-GAAP measures in all future filings starting with our upcoming Form 10-K for the year ending March 31, 2024 in accordance with Question 100.01 of the Non-GAAP C&DIs. Securities and Exchange Commission Division of Corporation Finance March 4, 2024 * * * * * If you have any questions or comments regarding these responses or require any additional information, please do not hesitate to contact me at CThome@graham-mfg.com or (716) 225-8116. Very truly yours, /s/ Christopher J. Thome Christopher J. Thome Vice President-Finance & Chief Financial Officer