SEC Comment Letter 0000000000-23-002095 to CHASE CORP (CIK 0000830524)
CHASE CORP (CIK 0000830524)
Date: March 2, 2023 · CIK: 0000830524 · Accession: 0000000000-23-002095
AI Filing Summary & Sentiment
File numbers found in text: 001-09852
Letter
United States securities and exchange commission logo March 2, 2023 Michael Bourque Chief Financial Officer Chase Corp. 375 University Avenue Westwood, Massachusetts 02090 Re:Chase Corp. Form 10-K for the Fiscal Year Ended August 31, 2022 Filed November 10, 2022 File No. 001-09852 Dear Michael Bourque: We have limited our review of your filing to the financial statements and related disclosures and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this comment, we may have additional comments. Form 10-K for the Fiscal Year Ended August 31, 2022 Management's Discussion and Analysis of Financial Condition and Results of Operations Overview, page 22 1.You disclose here, and in your quarterly filing, that you are experiencing inflationary cost increases on raw materials. In future filings, please quantify and disclose the impact of the inflationary pressures you are experiencing on cost of products sold and gross margin and disclose and discuss actions planned or taken, if any, to mitigate inflationary pressures. In addition, in future annual and quarterly filings, please separately quantify and discuss the impact that changes in prices, changes in volumes, and acquisitions had on revenue during each period presented. In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.
FirstName LastNameMichael Bourque Comapany NameChase Corp. March 2, 2023 Page 2 FirstName LastName Michael Bourque Chase Corp. March 2, 2023 Page 2 You may contact Dale Welcome at 202-551-3865 or Anne McConnell at 202-551-3709 with any questions. Sincerely, Division of Corporation Finance Office of Manufacturing
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United States securities and exchange commission logo
March 2, 2023
Michael Bourque
Chief Financial Officer
Chase Corp.
375 University Avenue
Westwood, Massachusetts 02090
Re:Chase Corp.
Form 10-K for the Fiscal Year Ended August 31, 2022
Filed November 10, 2022
File No. 001-09852
Dear Michael Bourque:
We have limited our review of your filing to the financial statements and related
disclosures and have the following comment. In our comment, we may ask you to provide us
with information so we may better understand your disclosure.
Please respond to this comment within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this comment, we may have additional comments.
Form 10-K for the Fiscal Year Ended August 31, 2022
Management's Discussion and Analysis of Financial Condition and Results of Operations
Overview, page 22
1.You disclose here, and in your quarterly filing, that you are experiencing inflationary cost
increases on raw materials. In future filings, please quantify and disclose the impact of the
inflationary pressures you are experiencing on cost of products sold and gross margin and
disclose and discuss actions planned or taken, if any, to mitigate inflationary pressures. In
addition, in future annual and quarterly filings, please separately quantify and discuss the
impact that changes in prices, changes in volumes, and acquisitions had on revenue during
each period presented.
In closing, we remind you that the company and its management are responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or
absence of action by the staff.
FirstName LastNameMichael Bourque
Comapany NameChase Corp.
March 2, 2023 Page 2
FirstName LastName
Michael Bourque
Chase Corp.
March 2, 2023
Page 2
You may contact Dale Welcome at 202-551-3865 or Anne McConnell at 202-551-3709
with any questions.
Sincerely,
Division of Corporation Finance
Office of Manufacturing