SEC Comment Letter for CHOICEONE FINANCIAL SERVICES INC (COFS) (CIK 0000803164) (COFS) — Aug 6, 2019
CHOICEONE FINANCIAL SERVICES INC (COFS) (CIK 0000803164)
Date: Aug. 6, 2019 · CIK: 0000803164 · Accession: 0000000000-19-012031
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 333-232157
Letter
August 5, 2019 Kelly Potes Chief Executive Officer ChoiceOne Financial Services, Inc. 109 East Division Sparta, MI 49345 Re:ChoiceOne Financial Services, Inc. Amendment No. 1 to Registration Statement on Form S-4 Filed July 26, 2019 File No. 333-232157 Dear Mr. Potes: We have reviewed your amended registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our July 11, 2019 letter. Amendment No. 1 to Form S-4 Summary Compensation Table Compensation Overview, page 108 1.We note your revised disclosure in response to comment 5. Please file the transition agreement entered into with Mr. Cady and the employment agreement entered into with Mr. Burke as exhibits to the registration statement. Please also ensure that you have included any other material contracts that should be provided pursuant to Item 601(b)(10) of Regulation S-K.
FirstName LastNameKelly Potes Comapany NameChoiceOne Financial Services, Inc. August 5, 2019 Page 2 FirstName LastName Kelly Potes ChoiceOne Financial Services, Inc. August 5, 2019 Page 2 You may contact John Spitz at 202-551-3484 or Michael Volley at 202-551-3437 if you have questions regarding comments on the financial statements and related matters. Please contact David Lin at 202-551-3552 or Erin Purnell at 202-551-3454 with any other questions. Sincerely, Division of Corporation Finance Office of Financial Services
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August 5, 2019
Kelly Potes
Chief Executive Officer
ChoiceOne Financial Services, Inc.
109 East Division
Sparta, MI 49345
Re:ChoiceOne Financial Services, Inc.
Amendment No. 1 to Registration Statement on Form S-4
Filed July 26, 2019
File No. 333-232157
Dear Mr. Potes:
We have reviewed your amended registration statement and have the following
comments. In some of our comments, we may ask you to provide us with information so we
may better understand your disclosure.
Please respond to this letter by amending your registration statement and providing the
requested information. If you do not believe our comments apply to your facts and
circumstances or do not believe an amendment is appropriate, please tell us why in your
response.
After reviewing any amendment to your registration statement and the information you
provide in response to these comments, we may have additional comments. Unless we note
otherwise, our references to prior comments are to comments in our July 11, 2019 letter.
Amendment No. 1 to Form S-4
Summary Compensation Table
Compensation Overview, page 108
1.We note your revised disclosure in response to comment 5. Please file the transition
agreement entered into with Mr. Cady and the employment agreement entered into with
Mr. Burke as exhibits to the registration statement. Please also ensure that you have
included any other material contracts that should be provided pursuant to Item 601(b)(10)
of Regulation S-K.
FirstName LastNameKelly Potes
Comapany NameChoiceOne Financial Services, Inc.
August 5, 2019 Page 2
FirstName LastName
Kelly Potes
ChoiceOne Financial Services, Inc.
August 5, 2019
Page 2
You may contact John Spitz at 202-551-3484 or Michael Volley at 202-551-3437 if you
have questions regarding comments on the financial statements and related matters. Please
contact David Lin at 202-551-3552 or Erin Purnell at 202-551-3454 with any other questions.
Sincerely,
Division of Corporation Finance
Office of Financial Services