SEC Comment Letter 0000000000-23-011037 to MINERALS TECHNOLOGIES INC (MTX) (CIK 0000891014) (MTX)
MINERALS TECHNOLOGIES INC (MTX) (CIK 0000891014)
Date: Oct. 6, 2023 · CIK: 0000891014 · Accession: 0000000000-23-011037
AI Filing Summary & Sentiment
File numbers found in text: 001-11430
Letter
United States securities and exchange commission logo October 6, 2023 Douglas Dietrich CEO MINERALS TECHNOLOGIES INC 622 Third Avenue , 38th Floor New York, NY 10017 Re:MINERALS TECHNOLOGIES INC 10-K for the year ending December 31, 2022 File No. 001-11430 Dear Douglas Dietrich: We have limited our review of your filing to the financial statements and related disclosures and have the following comment(s). Please respond to this letter 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 a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Form 10-K for the year ending December 31, 2022 Note 17 - Contingencies, page F-33 1.Given the increasing volume of litigation relating to asbestos and certain talc products, please tell us your consideration of providing expanded, quantified disclosures responsive to Question 3 of SAB Topic 5:Y, including disclosure of the number of claims pending at each balance sheet date, the number of claims filed for each period presented, the number of claims dismissed, settled, or otherwise resolved for each period, the average settlement amount per claim, and the related costs of administering and litigating claims. 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. Please contact Al Pavot at 202-551-3738 or Terence O'Brien at 202-551-3355 with any questions.
FirstName LastNameDouglas Dietrich Comapany NameMINERALS TECHNOLOGIES INC October 6, 2023 Page 2 FirstName LastName Douglas Dietrich MINERALS TECHNOLOGIES INC October 6, 2023 Page 2 Sincerely, Division of Corporation Finance Office of Industrial Applications and Services
Show Raw Text
United States securities and exchange commission logo
October 6, 2023
Douglas Dietrich
CEO
MINERALS TECHNOLOGIES INC
622 Third Avenue , 38th Floor
New York, NY 10017
Re:MINERALS TECHNOLOGIES INC
10-K for the year ending December 31, 2022
File No. 001-11430
Dear Douglas Dietrich:
We have limited our review of your filing to the financial statements and related
disclosures and have the following comment(s).
Please respond to this letter 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 a
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments.
Form 10-K for the year ending December 31, 2022
Note 17 - Contingencies, page F-33
1.Given the increasing volume of litigation relating to asbestos and certain talc products,
please tell us your consideration of providing expanded, quantified disclosures responsive
to Question 3 of SAB Topic 5:Y, including disclosure of the number of claims pending at
each balance sheet date, the number of claims filed for each period presented, the number
of claims dismissed, settled, or otherwise resolved for each period, the average settlement
amount per claim, and the related costs of administering and litigating claims.
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.
Please contact Al Pavot at 202-551-3738 or Terence O'Brien at 202-551-3355 with any
questions.
FirstName LastNameDouglas Dietrich
Comapany NameMINERALS TECHNOLOGIES INC
October 6, 2023 Page 2
FirstName LastName
Douglas Dietrich
MINERALS TECHNOLOGIES INC
October 6, 2023
Page 2
Sincerely,
Division of Corporation Finance
Office of Industrial Applications and
Services