SEC Comment Letter for Cooper-Standard Holdings Inc. (CPS) (CIK 0001320461) (CPS) — Aug 8, 2013
Cooper-Standard Holdings Inc. (CPS) (CIK 0001320461)
Date: Aug. 8, 2013 · CIK: 0001320461 · Accession: 0000000000-13-043581
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File numbers found in text: 333-189981
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August 8, 2013 Via E -mail Jeffrey S. Edwards Chairman and Chief Executive Officer Cooper -Standard Holdings Inc. 39550 Orchard Hill Place Drive Novi, MI 48375 Re: Cooper -Standard Holdings Inc . Registration Statement on Form S-3 Filed July 16, 2013 File No. 333-189981 Dear Mr. Edwards : We have limited our review of your registration statement to those issues we have addressed in our comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your registration statement and providing the requested information . Where you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to these comments , we may have additional comments. General 1. Please confirm your understanding that resales of shares issued as payment in -kind dividends are not covered by this registration statement. We note your disclosure in the carryover paragraph on pages 12 -13. Alternatively, please register the payment in -kind dividend shares. We urge all persons who are responsible for the accuracy and adequacy of the disclosure in the filing to be certain that the filing includes the information the Securities Act of 193 3 and all applicable Securities Act rules require. Since the company and its management are in possession of all facts relating to a company’s disclosure, they are responsible for the accuracy and adequacy of the disclosures they have made. Jeffrey S. Edwards Cooper -Standard Holdings Inc. August 8, 2013 Page 2 Notwithstandin g our comments, in the event you request acceleration of the effective date of the pending registration statement please provide a written statement from the company acknowledging that: should the Commission or the staff, acting pursuant to delegated auth ority, declare the filing effective, it does not foreclose the Commission from taking any action with respect to the filing; the action of the Commission or the staff, acting pursuant to delegated authority, in declaring the filing effective, does not relieve the company from its full responsibility for the adequacy and accuracy of the disclosure in the filing; and the company may not assert staff comments and the declaration of effectiveness as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. Please refer to Rules 460 and 461 regarding reques ts for acceleration . We will consider a written request for acceleration of the effective date of the registration statement as confirmation of the fact that those requesting acceleration are aware of their respective responsibilities under the Securities Act of 1933 and the Securities Exchange Act of 1934 as they relate to the proposed public offering of the securities specified in the above registration statement. Please allow adequate time for us to review any amendment prior to the requested effective date of the registration statement. Please contact J. Nolan McWilliams at (202) 551 -3217 or me at (202) 551 -3642 with any questions you may have . Sincerely, /s/ Loan Lauren P. Nguyen Loan Lauren P. Nguyen Special Counsel cc: Kevin F. Blatchford, Esq. Sidley Austin L LP