SEC Comment Letter 0000000000-24-006156 to Information Services Group Inc. (III) (CIK 0001371489) (III)
Information Services Group Inc. (III) (CIK 0001371489)
Date: May 29, 2024 · CIK: 0001371489 · Accession: 0000000000-24-006156
AI Filing Summary & Sentiment
File numbers found in text: 001-33287
Letter
United States securities and exchange commission logo May 29, 2024 Michael Sherrick Executive Vice President and Chief Financial Officer Information Services Group, Inc. 2187 Atlantic Street Stamford, CT 06902 Re:Information Services Group, Inc. Form 10-K for Fiscal Year Ended December 31, 2023 File No. 001-33287 Dear Michael Sherrick: 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 Fiscal Year Ended December 31, 2023 Management's Discussion and Analysis of Financial Condition and Results of Operations Non-GAAP Financial Measures, page 29 1.Please explain why you believe the adjustment of $4.8 million for the accounts receivable reserves for the year ended December 31, 2023 in determining Adjusted EBITDA and Adjusted Net Income complies with Question 100.01 of the Compliance and Disclosure Interpretations on Non-GAAP Financial Measures.
FirstName LastNameMichael Sherrick Comapany NameInformation Services Group, Inc. May 29, 2024 Page 2 FirstName LastName Michael Sherrick Information Services Group, Inc. May 29, 2024 Page 2 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 Robert Shapiro at 202-551-3273 or Doug Jones at 202-551-3309 with any questions. Sincerely, Division of Corporation Finance Office of Trade & Services
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United States securities and exchange commission logo
May 29, 2024
Michael Sherrick
Executive Vice President and Chief Financial Officer
Information Services Group, Inc.
2187 Atlantic Street
Stamford, CT 06902
Re:Information Services Group, Inc.
Form 10-K for Fiscal Year Ended December 31, 2023
File No. 001-33287
Dear Michael Sherrick:
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 Fiscal Year Ended December 31, 2023
Management's Discussion and Analysis of Financial Condition and Results of Operations
Non-GAAP Financial Measures, page 29
1.Please explain why you believe the adjustment of $4.8 million for the accounts receivable
reserves for the year ended December 31, 2023 in determining Adjusted EBITDA and
Adjusted Net Income complies with Question 100.01 of the Compliance and Disclosure
Interpretations on Non-GAAP Financial Measures.
FirstName LastNameMichael Sherrick
Comapany NameInformation Services Group, Inc.
May 29, 2024 Page 2
FirstName LastName
Michael Sherrick
Information Services Group, Inc.
May 29, 2024
Page 2
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 Robert Shapiro at 202-551-3273 or Doug Jones at 202-551-3309 with any
questions.
Sincerely,
Division of Corporation Finance
Office of Trade & Services