SEC Company Response from EURONET WORLDWIDE, INC. (EEFT) (CIK 0001029199) (EEFT) — Oct 7, 2016
EURONET WORLDWIDE, INC. (EEFT) (CIK 0001029199)
Date: Oct. 7, 2016 · CIK: 0001029199 · Accession: 0001029199-16-000193
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 001-31648
Letter
Via EDGAR Transmission Office of Financial Services Division of Corporation Finance Euronet Worldwide, Inc. Form 8-K Filed April 27, 2016 File No. 001-31648
Dear Mr. Kim:
Set forth below is the response of Euronet Worldwide, Inc. (“Euronet” or the “Company”), to the comment letter, dated September 23, 2016 (the “Comment Letter”), from the staff (the “Staff”) of the Securities and Exchange Commission (the “Commission”) with respect to the Current Report on Form 8-K filed by the Company on April 27, 2016 (the Form 8-K”).
Below is the Company’s response. For the convenience of the Staff, we have repeated the Staff’s comment before our corresponding response.
Form 8-K Filed on April 27, 2016
Exhibit 99.1 - Press Release
1. We have reviewed your response to our comment and believe it would be appropriate to use more descriptive titles to describe the non-GAAP financial measures, Adjusted Cash Earnings per Share and Adjusted Cash Earnings, perhaps by eliminating the use of the word "cash" in the title. Please revise future filings accordingly.
RESPONSE:
The Company will revise in future quarterly filings and retitle the non-GAAP measure as “Adjusted Earnings per Share” and “Adjusted Earnings.”
* * * * * * * * *
Euronet acknowledges that:
•
Euronet is responsible for the adequacy and accuracy of the disclosure in the filing;
•
Staff comments or changes to disclosure in response to Staff comments do not foreclose the Commission from taking any action with respect to the filing; and
•
Euronet may not assert Staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.
Please do not hesitate to contact me at (913) 327-4227 or Jeffrey B. Newman, our Executive Vice President and General Counsel, at (562) 345-2664, if you have any questions regarding this submission.
Very truly yours,
EURONET WORLDWIDE, INC.
Show Raw Text
CORRESP 1 filename1.htm Document Via EDGAR Transmission October 7, 2016 H. Stephen Kim Assistant Chief Accountant Office of Financial Services Division of Corporation Finance 100 F Street NE Washington, D.C. 20549 Re: Euronet Worldwide, Inc. Form 8-K Filed April 27, 2016 File No. 001-31648 Dear Mr. Kim: Set forth below is the response of Euronet Worldwide, Inc. (“Euronet” or the “Company”), to the comment letter, dated September 23, 2016 (the “Comment Letter”), from the staff (the “Staff”) of the Securities and Exchange Commission (the “Commission”) with respect to the Current Report on Form 8-K filed by the Company on April 27, 2016 (the Form 8-K”). Below is the Company’s response. For the convenience of the Staff, we have repeated the Staff’s comment before our corresponding response. Form 8-K Filed on April 27, 2016 Exhibit 99.1 - Press Release 1. We have reviewed your response to our comment and believe it would be appropriate to use more descriptive titles to describe the non-GAAP financial measures, Adjusted Cash Earnings per Share and Adjusted Cash Earnings, perhaps by eliminating the use of the word "cash" in the title. Please revise future filings accordingly. RESPONSE: The Company will revise in future quarterly filings and retitle the non-GAAP measure as “Adjusted Earnings per Share” and “Adjusted Earnings.” * * * * * * * * * Euronet acknowledges that: • Euronet is responsible for the adequacy and accuracy of the disclosure in the filing; • Staff comments or changes to disclosure in response to Staff comments do not foreclose the Commission from taking any action with respect to the filing; and • Euronet may not assert Staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. Please do not hesitate to contact me at (913) 327-4227 or Jeffrey B. Newman, our Executive Vice President and General Counsel, at (562) 345-2664, if you have any questions regarding this submission. Very truly yours, EURONET WORLDWIDE, INC. /s/ Rick L. Weller Rick L. Weller Chief Financial Officer cc: Chris Harley Division of Corporation Finance