SEC Comment Letter for WOLFSPEED, INC. (WOLF) (CIK 0000895419) (WOLF) — Sep 19, 2019
WOLFSPEED, INC. (WOLF) (CIK 0000895419)
Date: Sept. 19, 2019 · CIK: 0000895419 · Accession: 0000000000-19-013773
AI Filing Summary & Sentiment
Reasoning
Letter
Mail Stop 4628 September 19 , 2019 Via E -mail Gregg A. Lowe Chief Executive Officer and President Cree, Inc. 4600 Silicon Drive Durham, North Carolina 27703
Re: Cree, Inc. 10-K for Fiscal Year Ended June 30, 201 9 Filed August 21, 201 9 File No. 0-21154
Dear Mr. Lowe :
We have limited our review of your filing to your contacts with countries that have been identified as state sponsors of terrorism, and we have the following comment . Our review with respect to this issue does not preclude further review by the Assistant Director group with respect to other issues. In our comment , we ask you to provide us with information so we may better understand your disclosure.
Please respond to this comment within ten busine ss days by providing the requested information or advis e 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.
General
1. We note that your website identifies a distributor for Sudan. Your subsidiary Wolfspeed’s website identifies distributors for Sudan, Syria and North Korea. Sudan, Syria and North Korea are designated by the State Department as state sponsors of terrorism, and are subject to U.S. economic sanctions and/or export controls. Your 10 -K does not in clude information about direct or indirect dealings with those countries. Please describe to us the nature of any past, current or anticipate contacts with Sudan, Syria or North Korea, including contacts with their governments, whether through subsidiarie s, distributors, affiliates, or other direct or indirect arrangements.
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 actio n by the staff.
Gregg A. Lowe Cree, Inc. September 19 , 2019 Page 2
You may contact Daniel Leslie, Staff Attorney, at (202) 551 -3876 or me at (202) 551 - 3470 if you have any questions about the comment or our review.
Sincerely,
/s/ Cecilia Blye
Show Raw Text
Mail Stop 4628
September 19 , 2019
Via E -mail
Gregg A. Lowe
Chief Executive Officer and President
Cree, Inc.
4600 Silicon Drive
Durham, North Carolina 27703
Re: Cree, Inc.
10-K for Fiscal Year Ended June 30, 201 9
Filed August 21, 201 9
File No. 0-21154
Dear Mr. Lowe :
We have limited our review of your filing to your contacts with countries that have been
identified as state sponsors of terrorism, and we have the following comment . Our review with
respect to this issue does not preclude further review by the Assistant Director group with respect
to other issues. In our comment , we ask you to provide us with information so we may better
understand your disclosure.
Please respond to this comment within ten busine ss days by providing the requested
information or advis e 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.
General
1. We note that your website identifies a distributor for Sudan. Your subsidiary
Wolfspeed’s website identifies distributors for Sudan, Syria and North Korea. Sudan,
Syria and North Korea are designated by the State Department as state sponsors of
terrorism, and are subject to U.S. economic sanctions and/or export controls. Your 10 -K
does not in clude information about direct or indirect dealings with those countries.
Please describe to us the nature of any past, current or anticipate contacts with Sudan,
Syria or North Korea, including contacts with their governments, whether through
subsidiarie s, distributors, affiliates, or other direct or indirect arrangements.
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
actio n by the staff.
Gregg A. Lowe
Cree, Inc.
September 19 , 2019
Page 2
You may contact Daniel Leslie, Staff Attorney, at (202) 551 -3876 or me at (202) 551 -
3470 if you have any questions about the comment or our review.
Sincerely,
/s/ Cecilia Blye
Cecilia Blye, Chief
Office of Global Security Risk
cc: Brad Kohn
Vice President Legal and G eneral Counsel
Gerald Roach
Smith Anderson