SEC Company Response from BEASLEY BROADCAST GROUP (BBGI) — Jul 28, 2022
BEASLEY BROADCAST GROUP INC
Date: July 28, 2022 · CIK: 0001099160 · Accession: 0001193125-22-204657
AI Filing Summary & Sentiment
File numbers found in text: 000-29253
Referenced dates: July 26, 2022, June 16, 2022
Letter
VIA EDGAR TRANSMISSION Division of Corporation Finance Office of Technology Attention: Inessa Kessman and Robert Littlepage Re: Beasley Broadcast Group, Inc. Form 8-K filed May 9, 2022 Response filed July 15, 2022 File No. 000-29253
Dear Ms. Kessman and Mr. Littlepage:
On behalf of our client, Beasley Broadcast Group, Inc. (the “Company”), this letter is in response to the letter dated July 26, 2022, from the Staff of the Division of Corporation Finance (the “Staff”) of the Securities and Exchange Commission (the “Commission”), relating to the above-referenced Current Report on Form 8-K and the Company’s response on July 15, 2022, to the Staff’s letter dated June 16, 2022.
The Staff’s comment is set forth below in bold, followed by the Company’s response to the comment.
Form 8-K filed May 9, 2022
Exhibit 99.1, page 6
1. We note your response to comment two. Please confirm that in your reconciliations of Free Cash Flow, you will begin with the most comparable GAAP measure, net cash provided by (used in) operating activities.
To the extent the Company uses a non-GAAP measure called free cash flow in future filings, the Company confirms that its reconciliations of free cash flow will begin with the most directly comparable GAAP financial measure, net cash provided by (used in) operating activities.
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July 28, 2022
Page
Please contact me at (202) 637-2332 if you have any questions regarding this matter.
Sincerely,
/s/ Brian D. Miller
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CORRESP 1 filename1.htm CORRESP 555 Eleventh Street, N.W., Suite 1000 Washington, D.C. 20004-1304 Tel: +1.202.637.2200 Fax: +1.202.637.2201 www.lw.com FIRM / AFFILIATE OFFICES Austin Milan Beijing Munich Boston New York Brussels Orange County July 28, 2022 Century City Paris Chicago Riyadh Dubai San Diego Düsseldorf San Francisco Frankfurt Seoul VIA EDGAR TRANSMISSION Hamburg Shanghai Hong Kong Silicon Valley Division of Corporation Finance Houston Singapore Office of Technology London Tel Aviv U.S. Securities and Exchange Commission Los Angeles Tokyo 100 F Street, N.E. Madrid Washington, D.C. Washington, DC 20549 Attention: Inessa Kessman and Robert Littlepage Re: Beasley Broadcast Group, Inc. Form 8-K filed May 9, 2022 Response filed July 15, 2022 File No. 000-29253 Dear Ms. Kessman and Mr. Littlepage: On behalf of our client, Beasley Broadcast Group, Inc. (the “Company”), this letter is in response to the letter dated July 26, 2022, from the Staff of the Division of Corporation Finance (the “Staff”) of the Securities and Exchange Commission (the “Commission”), relating to the above-referenced Current Report on Form 8-K and the Company’s response on July 15, 2022, to the Staff’s letter dated June 16, 2022. The Staff’s comment is set forth below in bold, followed by the Company’s response to the comment. Form 8-K filed May 9, 2022 Exhibit 99.1, page 6 1. We note your response to comment two. Please confirm that in your reconciliations of Free Cash Flow, you will begin with the most comparable GAAP measure, net cash provided by (used in) operating activities. To the extent the Company uses a non-GAAP measure called free cash flow in future filings, the Company confirms that its reconciliations of free cash flow will begin with the most directly comparable GAAP financial measure, net cash provided by (used in) operating activities. * * * * * * July 28, 2022 Page 2 Please contact me at (202) 637-2332 if you have any questions regarding this matter. Sincerely, /s/ Brian D. Miller Brian D. Miller of LATHAM & WATKINS LLP cc: Caroline Beasley, Chief Executive Officer Marie Tedesco, Chief Financial Officer Chris Ornelas, Executive Vice President and General Counsel 2