SEC Company Response from GREEN DOT CORP (GDOT) (CIK 0001386278) (GDOT) — Oct 4, 2019
GREEN DOT CORP (GDOT) (CIK 0001386278)
Date: Oct. 4, 2019 · CIK: 0001386278 · Accession: 0001386278-19-000056
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 001-34819
Referenced dates: October 2, 2019
Letter
Document
October 4, 2019
VIA EDGAR
Securities and Exchange Commission
Division of Corporation Finance
100 F Street, N.E.
Washington, D.C. 20549
Attention:
Christina Harley, Staff Accountant
Michelle Miller, Staff Accountant
Re:
Green Dot Corporation
Form 10-K for the fiscal year ended December 31, 2018
Filed February 27, 2019
Form 10-Q for the period ended June 30, 2019
Filed August 9, 2019
File Number 001-34819
Ladies and Gentlemen:
This letter responds to the comments of the Staff (the “Staff”) of the Securities and Exchange Commission (the “SEC”) set forth in the letter dated October 2, 2019 from the SEC’s Division of Corporation Finance, Office of Financial Services to Mr. Steven W. Streit of Green Dot Corporation (the “Company” and “we”). For your convenience, we have set forth below the Staff’s comments in italicized text. The Company’s response to the Staff comments follows immediately after the text of the Staff comments.
Form 10-Q for the period ending June 30, 2019
Management's Discussion and Analysis of Financial Condition and Results of Operations
Comparison of Three-Month Periods Ended June 30, 2019 and 2018
Operating Revenues, page 33
1.
We note your response to comment 1. Considering that your revised 2019 guidance was in part attributable to the decline in your legacy non-direct deposit active accounts as discussed in your Q2 2019 earnings call, in future filings, please disaggregate Gross Dollar Volume and Number of Active Accounts between direct deposit active accounts and non-direct deposit active accounts.
Response:
In future filings, the Company will disaggregate Gross Dollar Volume and Active Accounts as requested.
*****
Please direct any comments or questions regarding this filing to me at (626) 765-2619 or to Jess Unruh, Chief Accounting Officer of the Company, at (626) 765-2003.
Very truly yours,
/s/ Mark Shifke
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CORRESP 1 filename1.htm Document October 4, 2019 VIA EDGAR Securities and Exchange Commission Division of Corporation Finance 100 F Street, N.E. Washington, D.C. 20549 Attention: Christina Harley, Staff Accountant Michelle Miller, Staff Accountant Re: Green Dot Corporation Form 10-K for the fiscal year ended December 31, 2018 Filed February 27, 2019 Form 10-Q for the period ended June 30, 2019 Filed August 9, 2019 File Number 001-34819 Ladies and Gentlemen: This letter responds to the comments of the Staff (the “Staff”) of the Securities and Exchange Commission (the “SEC”) set forth in the letter dated October 2, 2019 from the SEC’s Division of Corporation Finance, Office of Financial Services to Mr. Steven W. Streit of Green Dot Corporation (the “Company” and “we”). For your convenience, we have set forth below the Staff’s comments in italicized text. The Company’s response to the Staff comments follows immediately after the text of the Staff comments. Form 10-Q for the period ending June 30, 2019 Management's Discussion and Analysis of Financial Condition and Results of Operations Comparison of Three-Month Periods Ended June 30, 2019 and 2018 Operating Revenues, page 33 1. We note your response to comment 1. Considering that your revised 2019 guidance was in part attributable to the decline in your legacy non-direct deposit active accounts as discussed in your Q2 2019 earnings call, in future filings, please disaggregate Gross Dollar Volume and Number of Active Accounts between direct deposit active accounts and non-direct deposit active accounts. Response: In future filings, the Company will disaggregate Gross Dollar Volume and Active Accounts as requested. ***** Please direct any comments or questions regarding this filing to me at (626) 765-2619 or to Jess Unruh, Chief Accounting Officer of the Company, at (626) 765-2003. Very truly yours, /s/ Mark Shifke Mark L. Shifke Chief Financial Officer Green Dot Corporation cc: J. Chris Brewster, Audit Committee of the Board of Directors Steven W. Streit, President and Chief Executive Officer John C. Ricci, General Counsel and Secretary Jess Unruh, Chief Accounting Officer Keith Lupton, Ernst & Young LLP William L. Hughes, Orrick, Herrington & Sutcliffe LLP